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DBS Bank has become the first Singaporean financial institution to be appointed by the People’s Bank of China as an RMB clearing bank. This significant development bolsters Singapore’s role in offshore renminbi infrastructure and heightens DBS’ strategic…
DBS bank reported a record-breaking income for the third quarter of 2025, largely due to strong fee income from wealth management. However, the bank’s net profit experienced a slight dip of 2 percent year-on-year, almost S$3 billion ($2.3 billion). This was a…
In a recent speech, DBS CEO Tan Su Shan discussed Singapore’s approach to the current unpredictable macroeconomic climate, emphasizing the role of trust as a crucial factor for ongoing success. Trust as the Foundation of Singapore’s Success Tan Su Shan…
DBS Bank has launched Southeast Asia’s first bank-led retail chatbot, Foodster. The chat-commerce service allows customers to order and pay for their meals via Facebook Messenger and DBS payment channels, including DBS PayLah! and DBS/POSB cards. It has been…
DBS Bank plans to launch a mobile-only banking service in Indonesia by the end of the year. DBS Group chief executive Piyush Gupta told the Sweden-Southeast Asia Business Summit on Wednesday that the bank is targeting Indonesia to capitalise on the young,…
Samsung Pay, the Korean electronics giant’s e-wallet system, will launch in Singapore on June 16. At launch, those holding Visa and MasterCard credit or debit cards issued by POSB Bank, DBS Bank, OCBC Bank, Standard Chartered Bank and Citibank will be able to…
DBS Bank and POSB customers will be able to withdraw up to S$200 with any purchase at all Cold Storage, Market Place, Jasons and Giant stores in Singapore, the local bank announced on Thursday (Nov 5). Customers can use the complimentary service with a DBS or…
Global turmoil may have forced many foreign banks to exit non-profit making India businesses but Singapore-headquartered DBS Bank has a different story to sell: retail banking. The lender is now planning to expand its retail footprints through remittance…
Hong Kong’s retailers remain pessimistic about their industry prospects, with a survey from the Hong Kong Productivity Council suggesting that the sector’s business confidence is at three-year low. The Standard Chartered Hong Kong SME Leading Business Index…
