9 Oct 2019 - Singapore Business Review
The currency is affected by heightening macroeconomic uncertainties. The Singapore dollar is projected weaken further to drop to 1.41-1.44 range per US dollar by the end of 2019, in line with the weakening Chinese yuan and Euro, according to an analyst report by DBS. CNY and Euro is expected to weaken ...
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7 Oct 2019 - Singapore Business Review
Albert Kho will serve as MD for group retail and channels, technology and operations. Veteran banking technologist Albert Kho has left DBS to become a managing director in UOB’s technology unit. The move comes as the two rival Singaporean banks increase their technology headcounts and compete to launch ...
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1 Oct 2019 - Singapore Business Review
Tax payouts will soon be digitised. DBS Bank has forged a partnership with Inland Revenue Authority of Singapore (IRAS) to digitise tax payments and collections via the funds transfer service, PayNow, in a bid to help the country meet its cheque-free target by 2025, according to a press release. IRAS ...
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1 Oct 2019 - Singapore Business Review
Tax payouts will soon be digitised. DBS Bank has forged a partnership with Inland Revenue Authority of Singapore (IRAS) to digitise tax payments and collections via the funds transfer service, PayNow, in a bid to help the country meet its cheque-free target by 2025, according to a press release. IRAS ...
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11 Sep 2019 - Singapore Business Review
It offers multi-tier financing solutions to more than 1,000 suppliers within 24 hours. DBS Bank has launched Rong E-Lian, a multi-tier financing facility on a logistics blockchain platform that aims to give small and medium-sized enterprises (SMEs) in China faster access to trade financing, according ...
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3 Sep 2019 - Singapore Business Review
They can access four to seven ETFs with a minimum investment sum of $1,000 or US$1,000. DBS Bank has expanded the reach of its hybrid human-robo investment portfolio digiPortfolio to retail investors for early access until 30 September, according to a press release. Also read: Banks rev up robo-advisory ...
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21 Aug 2019 - Singapore Business Review
The bank aims to launch credit card services by Q3 2020. DBS Group is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday. The Singapore-based lender’s move highlights its efforts to tap growth outside its home market to offset weakness in the ...
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12 Aug 2019 - Singapore Business Review
Amongst REITs and business trusts, CapitaLand Commercial Trust dethroned CapitaLand Mall Trust. Singtel has retained the top position at the annual Singapore Governance and Transparency Index (SGTI) by CPA Australia, National University of Singapore (NUS) and the Singapore Institute of Directors (SID), ...
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6 Aug 2019 - ACN Newswire
via NEWMEDIAWIRE - LiquidX, the global network for illiquid assets, is pleased to welcome DBS Bank to its network. DBS, a leading financial services group in Asia, successfully completed a primary receivables transaction with one of its key relationship clients via the LiquidX network in the second quarter ...
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29 Jul 2019 - Singapore Business Review
Income hit a record $3.71b. DBS sustained its earnings momentum after profits rose 17% YoY to $1.60b in Q2, according to its financial statement. Total income grew 16% YoY to $3.71b to outpace the 9% growth in expenses. In the first half of the year, profit rose 12% YoY to $3.25b with return on equity ...
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