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26 stories mentioning SGX:D05Updated 1d ago

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Asia

MAS, Singapore Banks Launch AI Cyber Taskforce

The Monetary Authority of Singapore and the Association of Banks in Singapore (ABS) have established a task force to combat emerging threats from frontier AI models, according to a statement on Tuesday.The AI-Driven Cyber and Technology Risk Taskforce (ACT) brings together leaders from MAS, ABS, major banks DBS Group (SGX:D05), OCBC (SGX:O39), and UOB (SGX:U11).Other members include the Singapore Exchange (SGX:S68), Network for Electronic Transfers or NETS, and Banking Computer Services or BCS.The task force will facilitate industry-wide sharing of AI cybersecurity use cases, conduct proof-of-concept trials for advanced AI-enabled defense tools, and develop guidance to help financial institutions better detect and prevent AI threats.

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Asia

Market Chatter: DBS Targets More Than SG$1 Trillion in Assets Under Management by 2030

DBS (SGX:D05) is looking to accumulate more than SG$1 trillion in assets under management across its segments by 2030, according to a Business Times report, citing group executive, Shee Tse Koon on Tuesday.The bank is stepping up investments in AI, partnerships and regional expansion, and will hire 600 front-line advisers and platform engineers by 2028, the report said.The bank's wealth AUM reached SG$492 billion during the first quarter of the year, with around 58% of wealth assets deployed in investment products, the report noted.DBS is also looking to add 18 wealth centers across core regional markets and has also outlined plans to hire across Dubai and London, 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.)

SGX:D05
Asia

DBS Group Files for Singapore Listing of 1.2 Billion Yuan Bonds

DBS Group (SGX:D05) filed for the listing of 1.2 billion yuan worth of 1.90% fixed-rate bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Wednesday.The bonds will be listed and quoted on the SGX Bonds Market on July 10, the bank said.

SGX:D05
Asia

Singapore's Straits Times Index Extends Rally Above 5,400 Points on Bank Stock Gains

Singapore's Straits Times Index rallied above 5,400 points at market open on Thursday, owing to strong gains by local bank stocks ahead of the second-quarter corporate earnings season in early August.The STI, a key benchmark for the Singapore Exchange, rose in early trade by 0.7%, or 36.45 points, to open at 5,406.020.Strong institutional inflows pushed Singapore bank stocks to record highs on Thursday, with DBS Group (SGX:D05) briefly crossing SG$70 for the first time. Oversea-Chinese Banking Corporation (SGX:O39) and United Overseas Bank (SGX:U11) also hit new peaks, pushing the STI as investors positioned ahead of the earnings season and sought to secure first-half dividend payouts.

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Asia

DBS Group to Partner With Samsung Securities on Wealth Management

DBS Group (SGX:D05) said it was partnering with Samsung Securities (KRX:016360) to advance wealth management collaboration across Asia, according to a Thursday statement.Under the memorandum of understanding, both sides will explore offering DBS clients access to the South Korea market. In return, Samsung Securities' clients will see access to DBS' global wealth solutions.

KRX:016360SGX:D05
Asia

Singapore Shares Incur Losses as Confusion Reigns Over US-Iran Potential Meeting

Singapore shares crashed nearly 1% at the close on Tuesday, with Iran denying claims of requesting a meeting with the US following exchange of strikes last week.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,164.01 and 5,213.01 throughout the day. It ended the session at 5,170.65, down 38.10 points or 0.7% compared to Monday's close.On the corporate front, shares of Soup Holdings (SGX:5KI) were up over 4% at the close even as it forecasted a net loss for the fiscal half ended Dec. 31.DBS Group (SGX:D05) was down nearly 1% as it completed its inaugural synthetic securitization transaction, referencing a $1 billion diversified portfolio of corporate loans.Meanwhile, shares of Nam Cheong (SGX:1MZ) were down nearly 1% as its unit, Nam Cheong Pioneer, established a new subsidiary in the UAE named, SK Marine Ships Management and Operation.

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Asia

DBS Group Completes Inaugural Synthetic Securitization Transaction

DBS Group (SGX:D05) completed its inaugural synthetic securitization transaction, referencing a $1 billion diversified portfolio of corporate loans, according to a company release on Tuesday.The exercise was the first significant risk transfer transaction undertaken by a Singapore bank.Following the deal, a portion of the referenced portfolio's credit risk will be transferred to investors, allowing the bank to reduce regulatory capital held against assets and redeploy it toward new lending.Meanwhile, the bank will continue to own and service its underlying loans.

SGX:D05
Asia

DBS Bank Files for Singapore Listing of Multicurrency Bonds

DBS Bank (SGX:D05) filed for the listing of multicurrency bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Monday.The bank filed for $2 billion worth of 4.486% covered bonds due 2029 and 360 million pounds worth of floating rate bonds due 2027.The bonds will be listed and quoted on the Bonds Market on June 30.

SGX:D05
Asia

DBS Files for Singapore Listing of HK$1.28 Billion Worth of Bonds

DBS (SGX:D05) filed for the listing of HK$1.28 billion worth of fixed rate bonds due 2027, on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted on the Bonds Market on June 26, the filing added.

SGX:D05
Asia

DBS to Provide $210 Financing Facility to Singapore's Energy Transition Fund

DBS (SGX:D05) will provide a $210 million senior financing facility to ETAFCo., an investment vehicle that supports the displacement strategy of the Energy Transition Acceleration Finance partnership (ETAF) under Singapore's Financing Asia's Transition Partnership (FAST-P) initiative.The loan will support eligible energy transition infrastructure debt investments, according to a company release.To date, DBS is the only commercial bank to support two partnerships linked with the FAST-P initiative.The bank has also contributed around $75 million to the fund's blended finance program named Green Investments Partnerships.

SGX:D05
Asia

Singapore Airlines Launches 1.5-Billion-Yuan Dim Sum Bonds

Singapore Airlines (SGX:C6L) launched 1.50 billion yuan in "dim sum" bonds, according to a Wednesday filing with the Singapore Exchange.The dim sum bonds, which are yuan-denominated bonds offered outside of China, hold an interest rate of 2.38% and will mature in 2031.The company will use the proceeds to purchase aircraft, make aircraft-related payments, and fund general corporate or working capital purposes.The Singapore branches of Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005), Standard Chartered Bank (HKG:2888), and DBS Bank (SGX: D05) are the joint lead managers.Shares of Singapore Airlines rose 1% during morning trading.

HKG:0005HKG:2888HKG:3988SGX:C6LSGX:D05SHA:601988
Asia

Singapore Shares Open Flat Amid Mixed Broader Asian Markets

Singapore shares opened flat with positive bias on Wednesday, tracking mixed sentiment across major Asian markets after a massive technology-stock-led sell-off in the previous session as investors took an optimistic yet cautious approach amid concerns over AI spending and semiconductor firms' valuations.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose 0.08%, or 4.19 points, to open at 5,209.930.Market-moving bank stocks were mixed in early morning trade, with DBS Group Holdings (SGX:D05) and United Overseas Bank (SGX:U11) gaining marginally, while shares of Oversea-Chinese Banking Corporation (SGX:O39) slightly declined.In other news, US President Donald Trump said Tuesday that Iran had agreed to permit nuclear inspections, although Tehran said it has no plans to allow the International Atomic Energy Agency (IAEA) inspectors set foot in its bombed enrichment sites.Iran's chief negotiator, Mohammad Bagher Ghalibaf, said the Strait of Hormuz would "never return to its pre-war conditions" and that Tehran would maintain control over the key waterway.

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Treasury

Market Chatter: DBS Bank to Sell Three-Year USD Benchmark Covered Bond

Singapore-based DBS Group Holdings' (SGX:D05) subsidiary DBS Bank is planning to sell a three-year US dollar benchmark covered bond, which has a maturity date of June 29, 2029, Reuters reported Monday, citing a term sheet.The bond is expected to be settled on June 29, 2026, the report said.The bonds will be offered at a spread of 42 basis points over secured overnight financing rate (SOFR) mid-swaps, backed by a pool of Singapore residential mortgage loans, and guaranteed by Bayfront covered bonds.The notes are expected to receive ratings of Aaa from Moody's and AAA from Fitch Ratings. Joint lead managers for the offering include BMO Capital Markets, HSBC (HKG:0005), RBC Capital Markets, Standard Chartered PLC (HKG:2888) subsidiary Standard Chartered Bank, and TD Securities.DBS Bank did not immediately reply to' request for comment.Shares of DBS Group Holdings rose nearly 1% in recent trade, while those of Standard Chartered PLC added over 1%.(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.)

HKG:0005HKG:2888SGX:D05
Asia

DBS Bank Files for Singapore Listing of Multicurrency Bonds

DBS Bank, a unit of DBS Group (SGX:D05), filed for the listing of multicurrency bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bank filed for 112 million pounds worth of floating rate bonds due 2027, HK$600 million worth of fixed rate bonds due 2027 and 145 million euros worth of floating rate bonds due 2027.The bonds will be listed and quoted in the Bonds Market on June 19, the filing added.

SGX:D05
Asia

Market Chatter: Singapore to Launch Gold Clearing System by Year-End

Singapore has outlined plans to launch a gold clearing system by the end of the year, in partnership with JPMorgan Chase, Deutsche Bank, DBS (SGX:D05), Oversea-Chinese Banking Corp. or OCBC (SGX:O39), UOB (SGX:U11)and ICBC Standard Bank, according to a report by Bloomberg on Monday.Speaking at a conference, the city-state's Deputy Prime Minister and MAS chairman, Gan Kim Yong said the system will connect regional gold demand with global liquidity and support market activity during trading hours.Bloomberg also reported that MAS plans to introduce central bank gold vaulting services by October.(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.)

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Asia

Singapore Exchange to Launch OTC Gold-Clearing System in 2026

The Singapore Exchange plans to establish an over-the-counter (OTC) gold clearing system for Loco Singapore this year, the Monetary Authority of Singapore said Monday.Major banks such as JPMorgan Chase & Co., DBS Group Holdings (SGX:D05), Oversea-Chinese Banking Corporation (SGX:O39), United Overseas Bank (SGX:U11), ICBC Standard Bank, and Deutsche Bank AG will act as clearing members, with plans for inter-bank trading expected to be operational from 2027, the release said.These banks will work with the Singapore Exchange to enhance the Loco Singapore gold market, improve price discovery, and build trading activities, it said.The Monetary Authority of Singapore will introduce central bank gold vaulting services by October.Shares of Oversea-Chinese Banking Corporation added over 1%, while those of United Overseas Bank increased about 1% at market close.

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Asia

DBS Launches Tokenized Physical Gold for Retail Customers

DBS (SGX:D05) launched DBS Physical Gold Tokens, a tokenized physical gold offering for retail customers, according to a company release on Thursday.The tokens will be available to customers through the DBS digibank platform in the second half of 2026.Each token is backed by one gram of physical gold stored in a dedicated DBS vault in Singapore, with the bank managing everything in-house.Customers will be able to buy, sell, hold, and redeem the tokens for physical gold through a single platform.DBS said the offering aims to expand access to gold investing while supporting Singapore's position as a gold trading hub.

SGX:D05
Asia

Singapore's Proposed TLAC Framework May Impact Banks' Support Ratings, Fitch Says

The Singaporean central bank's proposal for a total loss-absorbing capacity (TLAC) framework could impact banks' support ratings, Fitch Ratings said in a Thursday release.The "aa-" government support rating for the country's three major local banks are in line with their viability ratings, serving as a backstop to their AA- issuer default ratings, Fitch said.The rating agency may not consider government support for markets with credible banks resolution and expectations of senior debt being bailed in.With this, the equilibrium between DBS Group Holdings (SGX:D05) and DBS Bank's ratings may shift if Fitch removes government support as a factor.The Monetary Authority of Singapore's propose external TLAC of 14% of risk-weighted assets of local domestic systemically banks is below the 18% minimum for global ones, Fitch said.The central bank also does not push for a TLAC leverage ratio requirement given the smaller size of varied risk profiles of the domestic banks.The proposal will also not force United Overseas Bank (SGX:U11) and Oversea-Chinese Banking (SGX:O39) to issue any additional debt, reflecting the wider flexibility in the proposed ways for banks to meet the TLAC requirement, Fitch said.

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Asia

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

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.)

SGX:D05
International

Fitch Ratings Expects Singapore's Major Banks to Maintain Performance in 12-18 Months

Fitch Ratings expects Singapore banks DBS Group (SGX:D05), Oversea-Chinese Banking Corp. (SGX:O39) and United Overseas Bank (SGX:U11) to continue delivering solid performance over the next 12 to 18 months, according to a release late Thursday.The forecast comes despite increased uncertainty across the globe, with risks linked to banks' lower-rated overseas market and the length and severity of conflict in the Middle East.While all three banks have been reporting slower profitability due to lower interest rates, fee income growth due to wealth management segments has ensured strong financial performances.

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