FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: DBS Group to Establish Two New Wealth Centers in Singapore

By

DBS Group (SGX:D05) plans to establish two new wealth centers in Singapore by the end of 2027 to meet rising demand for its wealth management services, The Straits Times reported Monday.

The wealth centers will complement the bank's existing DBS Treasures centers in the city-state.

The centers are designed to offer services, including portfolio advisory to affluent and high-net-worth customers, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Vitrafy Life Sciences Partners With Vitalant Innovation Center on Red Blood Cell Preservation Technology

Vitrafy Life Sciences (ASX:VFY) has partnered with US healthcare organization Vitalant Innovation Center to address a "looming crisis" for red blood cell preservation, according to a Tuesday filing with the Australian bourse.The companies aim to configure Vitrafy's cryopreservation ecosystem as a successor to legacy technology and products that will be discontinued from 2027, which poses a threat to red blood cell stockpiles, per the filing.To support that objective, Vitrafy will initially place two cryopreservation freezing units at the Vitalant Innovation Center in Denver. The placement will not generate revenue, but the company expects the collaboration "to support broader market and government engagement toward a unified response," it said.

$ASX:VFY
Asia

Norwood Systems Secures AU$595,000 Contract Uplift for CogVoice Enhancement Works; Shares Jump 9%

Norwood Systems (ASX:NOR) secured a AU$595,000 contract variation for enhancement works on its existing CogVoice advanced voice services project with a tier one Australian telecommunications operator, according to a Tuesday filing with the Australian bourse.The additional scope will enable further refinement, implementation, and delivery of the solution, per the filing.The company's shares surged 9% in recent Tuesday trade.

$ASX:NOR
Asia

Fitch Affirms Yuexiu Property at BBB- on Stable Cash Flow, State Support

Fitch Ratings affirmed Yuexiu Property's (HKG:0123) long-term foreign-currency issuer default rating at BBB- and maintained a stable outlook, according to a Monday press release.The ratings agency also affirmed the company's senior unsecured rating, medium-term note program, and notes issued by Westwood Group at BBB-.Fitch attributed the affirmation to Yuexiu Property's stable market position, positive operating cash flow, moderate net leverage, and strong access to funding, despite a decline in contracted sales amid China's property market downturn.The rating incorporates a two-notch uplift from Yuexiu Property's standalone credit profile, reflecting Fitch's view of strong support incentives from parent Guangzhou Yuexiu, which is wholly owned by Guangzhou's state-owned assets regulator.

$HKG:0123