Markets

BANK lending in Singapore rose for the fifth straight month in March as home loans continue to climb. 

SINGAPORE: DBS Group trumped market estimates with a 72 per cent rise in quarterly net profit to a record high, as the bank benefited from strong loan growth, improved asset quality and a robust wealth management business. DBS, Southeast Asia's largest bank, flagged bullish prospects in a ...

President Joe Biden took his pitch to Georgia on Thursday night (Apr 29) for US$4 trillion in spending to rebuild the nation's aged infrastructure and vastly expand the federal social safety net, choosing a new political battleground to make his case that Americans want a more activist government.

DBS on Friday morning posted a 72 per cent year-on-year rise in quarterly net profit to S$2.01 billion, up from S$1.16 billion in the year-ago period and beating Refinitiv’s estimate of S$1.43 billion.

DBS expects to cut its overall physical footprint by about 20 per cent as the bank moves towards a hybrid work model, with the bank's chief executive Piyush Gupta on Friday confirming that it has given up space in financial centres Singapore and Hong Kong.

DBS on Friday showed the blistering pace at which Singapore banks have recovered from the pains felt during the global Covid-19 outbreak last year, as Singapore's largest bank cracked the S$2-billion mark in quarterly net profit.

Why were the Academy Awards show blocked in China? A nationalist backlash against Nomadland director Chloe Zhao isn’t quite it, says Professor Bo Zhiyue.

Manufacturers in Singapore and beyond are increasingly embracing Industry 4.0 and integrating advanced technologies across their operations, say Matteo Mancini and Alpesh Patel of McKinsey & Company.

SINGAPORE is taking big steps to modernise the cross-border payments scene through a string of recent partnerships, in a bid to ease longstanding payment pains.

OCBC will review its office-space requirements and may cut down on its number of branches, said its chairman Ooi Sang Kuang on Thursday, during the bank's annual shareholder meeting.