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Fintech
DBS launches digibank by DBS app in Indonesia
SINGAPORE (Aug 30): DBS Bank has launched its digibank by DBS app, a new-era, paperless mobile banking solution, in Indonesia.
August 30, 2017
Broker's Calls
Why DBS remains Deutsche’s top sector pick despite downgrade
SINGAPORE (Aug 23): Deutsche Bank says DBS Group Holdings remains its top pick within the Singapore banks sector, even after recently downgrading the stock to “hold” based on valuations following the bank’s recent run-up in share price post 2Q17 res
August 23, 2017
Broker's Calls
17 hot stock picks following a season of strong 2Q gains
SINGAPORE (Aug 17): UOB Kay Hian has upgraded its FTSE Straits Times Index (FSSTI) target forecasts up to 3,410 from 3,250 previously on “pockets of solid outperformances” in the 2Q17 financial reporting season, which concluded this week.
August 17, 2017
Broker's Calls
Singapore’s banks are back on track with improved business sentiment
SINGAPORE (Aug 10): UOB Kay Hian is maintaining “overweight” on Singapore’s banking sector with DBS and Oversea-Chinese Banking Corporation (OCBC) as its top “buy” picks with target price estimates of $24.85 and $13.38 respectively.
August 10, 2017
Fintech
DBS launches new online service for SMEs with Xero tie-up
SINGAPORE (Aug 1): DBS has partnered New Zealand cloud accounting platform Xero to launch an API-driven bank feed integration service with the aim of providing the bank’s small medium enterprise (SME) customers a better grasp of their cash flow with
August 01, 2017
Indonesian bank to ‘swim with Singapore sharks’: Bloomberg Businessweek
(July 14): Why would a contented crocodile venture beyond its backyard pool to swim with sharks?
July 14, 2017
Investing strategies
There’s no better time than now to buy into US banks. Here’s why
SINGAPORE (June 30): The Bank of Singapore (BoS), a subsidiary of Oversea-Chinese Banking Corporation (OCBC), remains “overweight” on the US financial sector due to the potential de-regulation for US banks as well as their prospects for higher-than-ex
June 30, 2017
Fintech
Jack Ma’s shadow looms large for banks across Southeast Asia
SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd. have fanned out across Singapore’s famed food courts, trying to entice mom-and-pop hawkers to use the bank’s digital payments service, ca
June 30, 2017
Currencies
Malaysia shrugs off 1MDB scandal to become second quarter star
KUALA LUMPUR (June 29): Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.
June 29, 2017
MAS to loosen regulatory barriers for banks carrying on permissible non-financial businesses
SINGAPORE (June 28): The Monetary Authority of Singapore (MAS) on Tuesday announced its intention to streamline existing the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses.
June 28, 2017