Tag "DBS"

DBS, Sheng Siong Join Forces to Promote Sustainability Among SME Suppliers

DBS Bank and supermarket chain Sheng Siong have embarked on a mission to assist suppliers in adopting more sustainable business practices. The initiative aims to reach out to 1,000 small and medium-sized enterprises (SMEs) within the Sheng Siong supply network

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DBS Expands Its Money Lock Feature ‘digiVault’ to All Accounts

DBS and POSB has announced the expansion of its digiVault protection to all customer accounts, providing users with the option to securely lock funds in their existing accounts. This initiative is aimed at bolstering self-managed security in response to the

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DBS Plans Major Restructuring with Creation of ‘Global Financial Markets’ Division

DBS Bank revealed plans to consolidate its equity capital markets, its brokerage arm DBS Vickers, and the DBS Digital Exchange (DDEX) with its Treasury Markets division. The newly formed entity will be named Global Financial Markets (GFM), effective from 1

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DBS Extends S$3 Hawker Meal Subsidies on Fridays Until 26 July

DBS Bank has extended its hawker meal subsidy programme which will now run until 26 July 2024, offering cashback incentives for customers using the PayLah! app for meal payments. The extension means a total of 7.5 million meals will be

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Over 200 DBS Customers Lose S$446K This Year to Sophisticated Phishing Scams

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement

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DBS Ups Stake in China’s Shenzhen Bank in S$376 Million Deal

DBS Group announced its intention to raise its stake in China’s Shenzhen Rural Commercial Bank, a move valued at S$376 million (approximately US$285 million), according to Reuters. The transaction is subject to regulatory approvals. The bank is set to increase

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DBS Set to Integrate All Investment Funds onto Euroclear’s Platform

DBS Bank has entered into an agreement with Belgium-based clearinghouse Euroclear to integrate all of its investment funds onto the latter’s funds platform. Euroclear’s platform will offer a comprehensive solution for the trading, custody, and distribution services of DBS Bank‘s

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Malaysia’s KWAP Gets S$180M Green Loan from DBS for Aussie Office Refinancing

DBS Bank has provided a green loan of AUD 207 million (S$180 million) to Malaysia’s Retirement Fund (KWAP). The loan is designated for refinancing a high-grade green office building in Melbourne, Australia. The office tower, entirely owned by KWAP, is

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UBS, SBI, and DBS Pioneer World’s First Blockchain-based Repo Transaction

UBS, SBI, and DBS have successfully completed the world’s first live repurchase transaction (repo) using a digitally issued bond on a public blockchain. This development represents a step forward in integrating blockchain technology into mainstream financial practices. The groundbreaking transaction,

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MAS Unveils Five New Industry Pilots Under Project Guardian

The Monetary Authority of Singapore (MAS) has teamed up with the financial industry to expand initiatives related to asset tokenisation. The goal is to enhance the foundational capabilities necessary to scale tokenised markets, ultimately driving institutional adoption of digital assets.

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