Dbs Group Holdings Stock News

HONG KONG, Dec 17, 2021 - (ACN Newswire) - Demonstrating organizational agility, leadership transformation and a high level of employee engagement, DBS and Hilti have been named as 2021 Best Employers in Hong Kong, according to Kincentric''s premium assessment that identifies organisations who demonstrate outstanding people practices and workplace excellence. Employee Engagement, Organisational Agility, Engaging Leadership and Talent Focus were the key attributes assessed. Kincentric identifies Best Employers that are in the Top Quartile and research shows that excelling across these four areas leads to better business results. According to Kincentric''s insights, the Hong Kong''s Best Employers are 24%* stronger on Employee Engagement, 26%* better on Organisational Agility, 19%* committed on Engaging Leadership and 27%* focussed on Talent. This clearly demonstrates a high level of decisive and agile people centric business decisions that these organisations have had to take through the pandemic.

Singapore-based major payment institution FOMO Pay announced that it will be joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay was recently granted a Digital Payment Token The post FOMO Pay Joins DBS Digital Exchange for Merchants to Accept Crypto Payments appeared first on Fintech Singapore .

DBS Bank will extend the custodian services to enable FOMO Pay to equip merchants to accept crypto payments in a safe manner FOMO Pay is among the first Digital Payment Token licensees to join DBS Digital Exchange (DDEx) SINGAPORE , Dec. 14, 2021 /PRNewswire/ -- Singapore -based major payment institution FOMO Pay, which was granted the first Digital Payment Token (DPT) Service license by the Monetary Authority of Singapore (MAS), today announced joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay is among the first DPT licensees to join the digital exchange as a member and will collaborate with DDEx to enable merchants in Singapore to accept cryptocurrency (crypto) payments from consumers. At this year''s Singapore Fintech Festival, MAS'' Managing Director Ravi Menon in his speech said that the central bank is carefully studying the economic merits and implications of a retail centralised banking digital currency (CBDC) in the Singapore context. He cited that a digital Singapore dollar could possibly foster an efficient and inclusive payment ecosystem where it would be easier for smaller firms to build new payments and related digital services.

BNP Paribas, China Construction Bank (Asia), DBS, MUFG, Societe Generale and Standard Chartered have all joined the iLex platform to “accelerate the digitization of corporate loan markets.” The 6 global syndicated loan book runners are joining iLex as partner banks in order to support “innovation… Read More

ASCOTT RESIDENCE TRUST ( SGX:HMN ) BRC ASIA LIMITED ( SGX:BEC ) CIVMEC LIMITED ( SGX:P9D ) COMFORTDELGRO CORPORATION LTD ( SGX:C52 ) FRASERS LOGISTICS & COMMERCIAL TRUST ( SGX:BUOU ) Singapore Stock Alpha Picks (Dec 2021) - Removing Sea, iFAST & Our Tactical Short On DBS OCBC, Adding Sembcorp Marine, BRC Asia Our Alpha Picks portfolio outperformed the STI, declining 4.1% m-o-m vs the latters drop of 4.9%. For Dec 21, we have removed our short-term tactical call to short DBS (SGX:D05) and OCBC (SGX:O39) , and also removed Sea and iFAST (SGX:AIY) . Additions to the portfolio are Sembcorp Marine (SGX:S51) where we believe the risk/reward has become compelling, and BRC Asia (SGX:BEC) which is a proxy to Singapore infrastructure spending and reopening. Continue Reading »

The borrowing is split into a $250m six-year term loan, a $150m working capital facility and a $460 million five-year bank guarantee facility. ANZ and MUFG took $70m each of the term loan, while DBS and HSBC took $40m apiece. Credit Agricole was allocated $30m, the RIL said

Natixis IM Natixis Investment Managers has appointed Emily Askham as chief marketing officer, International. She will support Natixis IM''s strategic ambitions "to become the most client centric asset manager globally".. Askham will join Natixis IM in an expanded role and will be responsible for both Institutional as well as wholesale & retail marketing. In addition, she will oversee digital, content & advertising, roadshows, events and the RFP team. She will report to Joseph Pinto, head of distribution for Europe, Latin America, Middle East and Asia Pacific. She will be based in London and will start on January 12th, 2022. She joins Natixis IM from AXA Investment Managers (AXA IM) where she spent nearly seven years, rising to the position of Global Head of Retail and Wholesale Marketing since 2019. Deutsche Bank Deutsche Bank has added a raft of new hires to its wealth management team in India. Rajasekar Ayyalu has joined as a director in Chennai where he will be responsible for expanding and deepening the group''s presence in that jurisdiction.

In a determined bid to promote hard work and selfless service as well as encourage humanitarian service, Delta Broadcasting Service (DBS) Warri has presented awards to some outstanding and deserving residents and reputable organisations in Delta State for their selfless and humanitarian service in the state. Nineteen persons were presented with awards at the well-attended []

INDUSTRIAL real estate investment trusts (Reits) should look into redevelopment projects or asset enhancement opportunities as their "next leg of growth", DBS Group Research said.

The firm, which currently manages over $2 trillion in assets, is making a pair of hires to its South Asia team to support regional growth. Asset manager Amundi has appointed Dennis Ng as head of distribution sales, Singapore, effective 1 November, and Marcus Liew as multi asset solutions portfolio manager, a newly created role based in Singapore effective 17 August, according to a statement on Wednesday. With over 15 years of experience in the financial industry across different markets in Asia, Ng joins from J.P. Morgan Asset Management, where he was an executive director, having joined the Singapore fund sales team in 2015. He previously held various roles at Standard Chartered Bank as an investment advisor and treasury specialist since 2010, as well as at DBS and Citibank. Liew, responsible for portfolio management, research, analysis and implementation of Multi-Asset solutions at Amundi, was previously a portfolio manager at First Sentier Investors, where he has worked for almost 8 years.

Singapore's DBS Group said its online banking services had been fully restored after suffering disruptions for about two days in its biggest outage since 2010, prompting the central bank to consider t

AFTER a two-day outage, digital banking services at Singapore''s largest lender DBS resumed on Thursday morning (Nov 25).

New Delhi, November 24 Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack ''digital banks'', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country. The Niti Aayog, in a discussion paper titled ''Digital Banks: A Proposal for Licensing amp; Regulatory Regime for India'', makes a case and offers a template and roadmap for a digital bank licensing and regulatory regime for the country. Digital banks or DBs are banks as defined in the Banking Regulation Act, 1949 (BR Act), the paper said. "In other words, these entities will issue deposits, make loans and offer the full suite of services that the BR Act empowers them to. As the name suggests, however, DBs will principally rely on the internet and other proximate channels to offer their services and not physical branches," it said. The paper noted that India''s public digital infrastructure, especially UPI, has successfully demonstrated how to challenge established incumbents.

The Monetary Authority of Singapore said it will «consider appropriate supervisory actions» on DBS, which suffered recurring disruptions to its online banking services, including its payments app. «This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,» Marcus Lim , MAS'' assistant managing director (banking and insurance), said in a statement. The regulator said the bank informed it about «a problem with its access control servers» that resulted in customers experiencing difficulties logging on to its digital banking services. Lim said MAS expects all financial institutions «to have systems and processes to ensure the consistent availability of financial services to their customers.» Major Disruptions This week, DBS faced two consecutive days of disruptions to its online banking services, marking the worst outage for the Singapore lender since its ATM glitch in 2010. DBS Singapore country head Shee Tse Koon apologised for the outage in a video posted on the bank''s website and various social media pages on Wednesday afternoon.