DBS Bank

Singapore Fintech Festival 2024

Navigating the workforce shift for a GenAI-powered future

How should financial institutions redesign and prepare their workforce to balance the use of GenAI for automation with human expertise to drive productivity while creating new opportunities?

Environmental, Social and Governance

DBS issues green loan of ‘about $60 mil’ to Rexus Bioenergy to finance waste wood power plant in Jurong

The RExus Waste Wood-to-Energy Plant is expected to be complete in 2H2026. Waste wood and wooden construction materials will be the main fuel source for the 13-megawatt facility.
DBS disposes of 64,700 units in Hutchison Port Holdings Trust for US$9,769.70 - THE EDGE SINGAPORE

Insider moves

DBS disposes of 64,700 units in Hutchison Port Holdings Trust for US$9,769.70

Following the sale, DBS’s stake in Hutchison Port Holdings Trust came up to 0.809%.
DBS to offer financing and hedging solutions to help companies manage climate obligations under EU ETS - THE EDGE SINGAPORE

Environmental, Social and Governance

DBS to offer financing and hedging solutions to help companies manage climate obligations under EU ETS

The bank is the first Southeast Asian-headquartered bank to offer such solutions.
DBS sells 1.5 mil units in CLAS for $1.4 mil - THE EDGE SINGAPORE

Insider moves

DBS sells 1.5 mil units in CLAS for $1.4 mil

Units in CLAS closed 0.5 cents higher or 0.55% up at 91 cents on Aug 30.
NETS appoints DBS MD and head of consumer banking group as new chairman - THE EDGE SINGAPORE

New appointments

NETS appoints DBS MD and head of consumer banking group as new chairman

Soo comes with over 30 years of experience in the consumer banking and finance industry.

Blockchain

DBS launches treasury tokens with Ant International

Ant International will be able to manage its multi-currency treasury and liquidity instantly on DBS’s permissioned blockchain.
DBS sells 29.4 mil shares 0.2 cents apiece - THE EDGE SINGAPORE

Insider moves

DBS sells 29.4 mil shares in Hoe Leong at 0.2 cents apiece

Shares in Hoe Leong closed 0.1 cent higher or 100% up at 0.2 cents on Aug 2.

Global Economy

Briefs: Japan’s central bank hikes key rate; SE Asia likely to outpace China’s growth; EDB, IETA launch alliance

Read more in this week's Briefs in the latest issue of The Edge Singapore.
Southeast Asia will likely grow faster than China over this decade in GDP and FDI, but mainly due to political reasons - THE EDGE SINGAPORE

SE Asian economies

Southeast Asia will likely grow faster than China over this decade in GDP and FDI, but mainly due to political reasons

A new report by DBS, Bain & Company and Angsana Council says top six SEA economies will grow at 5.1% on average over next 10 years
×