https://www.scmp.com/rss/521781/feed DBS is a Singapore-headquartered multinational financial services group and one of Asia’s largest banks by assets. It offers comprehensive consumer, corporate, and investment banking services, including wealth management, serving individuals, SMEs, and large corporations across 18 markets, primarily in Asia. Renowned for its digital innovation and sustainability focus, DBS has been consistently named "Safest Bank in Asia" and "World’s Best Bank." Its overall strategy emphasises digital... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ralph Jennings Ralph Jennings Asian countries are heavily reliant on imported oil and gas and could suffer serious economic fallout after the United States and Israel launched strikes on Iran, Morgan Stanley said. The manufacturing-intensive, export-reliant region was “more sensitive” to oil price volatility than Europe or the US, the New York-based investment bank said in a research note on Sunday. Asia’s oil and gas trade deficit stood at 2.1 per cent of gross domestic product, it calculated. Every sustained US$10... https://www.scmp.com/economy/global-economy/article/3345161/asias-oil-dependence-leaves-it-exposed-after-us-israel-strikes-iran-morgan-stanley?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3345161/asias-oil-dependence-leaves-it-exposed-after-us-israel-strikes-iran-morgan-stanley?utm_source=rss_feed Mon, 02 Mar 2026 13:30:07 +0000 Enoch Yiu Enoch Yiu Hong Kong and Singapore are set to be the biggest winners in attracting new capital inflows as global investors diversify their asset allocations amid geopolitical risks and trade tensions, according to the top executive at DBS Group. The two Asian financial centres would be the best choice for international investors who previously held overweight positions in US markets but now sought to diversify their portfolios, Tan Su Shan, CEO of the largest lender in Southeast Asia, said in an interview... https://www.scmp.com/business/banking-finance/article/3342823/hong-kong-singapore-be-biggest-winners-global-capital-flows-shift-asia-dbs-ceo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342823/hong-kong-singapore-be-biggest-winners-global-capital-flows-shift-asia-dbs-ceo?utm_source=rss_feed Sun, 08 Feb 2026 23:00:15 +0000 Jay Rooney Jay Rooney Frankie Lor Fu-chuen is confident Regal Gem can capitalise on his light weight and clinch the DBS x Manulife Million Challenge crown in the series finale at Happy Valley on Wednesday night. Leading the Million Challenge on 42 points, Regal Gem will carry only 116lb when he faces several leading series rivals in the Class Two Blue Pool Handicap (1,200m). The annual Million Challenge is for runners of all races Class Three and above from September 10 until Wednesday night, with points awarded to... https://www.scmp.com/sport/racing/article/3342105/frankie-lor-eyes-dbs-x-manulife-million-challenge-glory-regal-gem-happy-valley?utm_source=rss_feed https://www.scmp.com/sport/racing/article/3342105/frankie-lor-eyes-dbs-x-manulife-million-challenge-glory-regal-gem-happy-valley?utm_source=rss_feed Mon, 02 Feb 2026 09:18:19 +0000 Owen Goulding Owen Goulding An emotional David Hayes trained his 700th winner in Hong Kong after a race-to-race double in the famous Lindsay Park Racing silks at Happy Valley on Wednesday evening. The two-time Hong Kong champion trainer has endured a nightmare month away from the track, with a bushfire in Australia destroying 90 per cent of the infrastructure at his family stable and causing the loss of seven horses. China Win provided Hayes with a winner the day he returned to Hong Kong from battling those bushfires with... https://www.scmp.com/sport/racing/article/3341592/form-david-hayes-rings-700th-hong-kong-win-emotional-happy-valley-double?utm_source=rss_feed https://www.scmp.com/sport/racing/article/3341592/form-david-hayes-rings-700th-hong-kong-win-emotional-happy-valley-double?utm_source=rss_feed Wed, 28 Jan 2026 15:39:40 +0000 Zhu Wenqian Zhu Wenqian An increasing number of Chinese and foreign banks are launching gold-linked structured deposits to attract investors seeking higher returns tied to gold prices, which analysts say provide an alternative to poor returns from time deposits. Rising gold prices, which continue to hit new highs this year, are fuelling renewed enthusiasm in gold as an investment in mainland China. While gold has increased 6 per cent this year to over US$4,620 an ounce, a Goldman Sachs forecast last month projected... https://www.scmp.com/business/commodities/article/3340107/chinese-banks-lure-investors-gold-linked-deposits-amid-soaring-prices?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3340107/chinese-banks-lure-investors-gold-linked-deposits-amid-soaring-prices?utm_source=rss_feed Sat, 17 Jan 2026 01:30:14 +0000 Kolette Lim Kolette Lim After finishing his postgraduate studies in May, Tan Kwan Ann expected the job hunt to be difficult, but not so disheartening. The 33-year-old, who specialised in structural biology at Singapore’s Nanyang Technological University (NTU), sent out more than 600 applications while waiting for the formal conferment of his doctorate, but heard back from almost none of them. “It seemed like I was excluded from society and made me feel very lousy. It made me question if it was my fault that I chose to... https://www.scmp.com/week-asia/economics/article/3337546/singapores-young-graduates-feel-heat-draining-job-hunt?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3337546/singapores-young-graduates-feel-heat-draining-job-hunt?utm_source=rss_feed Wed, 24 Dec 2025 05:00:14 +0000 Coco Feng Coco Feng Ant International, the Singapore-based affiliate of Chinese fintech giant Ant Group, on Friday announced a partnership with the Women’s National Basketball Association (WNBA) team New York Liberty. The multi-year initiative would see the company’s Alipay+ fintech platform become an “official sponsor” and “innovation partner for sustainability” of the team, to “jointly support community programmes designed to advance community empowerment, environmental sustainability and youth development”... https://www.scmp.com/tech/tech-trends/article/3337122/alipay-announces-sponsorship-deal-wnba-team-new-york-liberty-amid-global-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3337122/alipay-announces-sponsorship-deal-wnba-team-new-york-liberty-amid-global-push?utm_source=rss_feed Fri, 19 Dec 2025 13:00:32 +0000 Wency Chen Wency Chen Ant International, the Singapore-based affiliate of Chinese fintech giant Ant Group, has named US basketball star Sabrina Ionescu as its global brand ambassador in a fresh partnership between sports and tech. The four-time all-star in the US Women’s National Basketball Association (WNBA) was chosen as part of an effort to expand access to financial tools via innovative technology, the digital payments provider said on Tuesday. The 28-year-old point guard – an Olympic gold medallist and the top... https://www.scmp.com/tech/big-tech/article/3335649/ant-international-signs-wnba-star-sabrina-ionescu-brand-ambassador?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335649/ant-international-signs-wnba-star-sabrina-ionescu-brand-ambassador?utm_source=rss_feed Mon, 08 Dec 2025 16:01:07 +0000 Enoch Yiu Enoch Yiu It was rare to see hundreds of regulators, financiers and executives of listed companies – including chairmen and CEOs – come together in Central on Sunday morning without striking deals. Instead, they were taking part in a charity run, raising HK$9.7 million (US$1.2 million). The top bosses of Hong Kong Exchanges and Clearing (HKEX), JPMorgan, DBS Hong Kong, Standard Chartered Bank, KPMG and Wharf (Holdings) were among those who had put on their running shoes to compete in relay races over 388... https://www.scmp.com/business/banking-finance/article/3333749/jpmorgan-dbs-standard-chartered-bosses-swap-deals-sneakers-hkex-charity-run?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333749/jpmorgan-dbs-standard-chartered-bosses-swap-deals-sneakers-hkex-charity-run?utm_source=rss_feed Sun, 23 Nov 2025 04:30:08 +0000 Paul McNamara Paul McNamara Hong Kong baseball player Egon Chan Cheuk-kiu has said the “huge struggle” of juggling a high-flying job with competing internationally will pay off when he steps into the National Games arena on Wednesday. Chan, 31, is a senior member of a team who will begin their campaign against hosts Guangdong in Zhongshan, having used annual leave from his job as a business risk specialist with DBS to play in the tournament. “I use all my time off for baseball and haven’t travelled on holiday for about... https://www.scmp.com/sport/hong-kong/article/3332382/hong-kong-baseball-players-struggle-and-sacrifice-rewarded-national-games?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3332382/hong-kong-baseball-players-struggle-and-sacrifice-rewarded-national-games?utm_source=rss_feed Wed, 12 Nov 2025 01:00:42 +0000 Biman Mukherji Biman Mukherji Swathes of Asia’s financial systems are vulnerable to potential disruption from quantum computing technology, including those hosting secure transactions, industry executives have warned. Only a handful of major economies in the region, such as China, Japan, South Korea and Singapore, have embarked on strategies to safeguard their systems, but most financial institutions across the region are vulnerable to quantum attacks because they are ill prepared, experts say. The threat looms even as... https://www.scmp.com/week-asia/economics/article/3330673/quantum-computing-threat-looms-over-asias-financial-systems-we-are-not-secure?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3330673/quantum-computing-threat-looms-over-asias-financial-systems-we-are-not-secure?utm_source=rss_feed Wed, 29 Oct 2025 02:08:11 +0000 Julie Zhang Julie Zhang The Hong Kong Monetary Authority (HKMA) has decided to focus development of the e-HKD on wholesale applications because the central bank digital currency (CBDC) has stronger potential value in large transactions than in daily retail use. The city’s de facto central bank announced the decision on Tuesday after a second phase of e-HKD trials that tested its usability and efficiency in both retail and wholesale scenarios over the past year. A CBDC is a digital version of a fiat currency built using... https://www.scmp.com/business/banking-finance/article/3330604/hong-kongs-e-hkd-better-suited-wholesale-use-retail-hkma-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330604/hong-kongs-e-hkd-better-suited-wholesale-use-retail-hkma-says?utm_source=rss_feed Tue, 28 Oct 2025 09:00:13 +0000 Jean Iau Jean Iau Every month, Rachel Tan, a 53-year-old Singaporean tutor, boards a bus across the 1km (0.6 mile) causeway for a day trip to Malaysia’s Johor state, where she stocks up on groceries and treats herself to lunch and a film. Thanks to streamlined immigration procedures, she rarely needs to present her passport, using a QR code to pass the checkpoint before catching a complimentary shuttle bus that whisks her to R&F Mall. The entire day out, including shopping, typically costs her about 300 ringgit... https://www.scmp.com/week-asia/lifestyle-culture/article/3329452/why-singaporeans-are-flocking-malaysias-johor-food-and-leisure?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3329452/why-singaporeans-are-flocking-malaysias-johor-food-and-leisure?utm_source=rss_feed Sun, 19 Oct 2025 00:00:15 +0000 Brian Rhoads,Neil Denslow Brian Rhoads,Neil Denslow Hong Kong cut interest rates for the first time this year, potentially boosting the city’s economy, stock market and property sector. The city’s base rate hit the lowest since December 2022 after the 25 basis point reduction to 4.5 per cent. The US Federal Reserve earlier lowered its target rate by the same amount. Hong Kong’s de facto central bank follows the Fed in setting rates because of the city’s currency peg to the US dollar. Fed policymakers also signalled the potential for two more cuts... https://www.scmp.com/plus/article/3325994/fed-rate-cut-boosts-hong-kong-chiefs-economy-push?utm_source=rss_feed https://www.scmp.com/plus/article/3325994/fed-rate-cut-boosts-hong-kong-chiefs-economy-push?utm_source=rss_feed Thu, 18 Sep 2025 09:15:39 +0000 Bloomberg Bloomberg Indonesia’s new finance minister wants to immediately flood the economy with roughly US$12 billion in cash to jump-start lending, proving his commitment to President Prabowo Subianto’s growth agenda barely three days into the job. The government would transfer half of the 400 trillion rupiah in cash reserves that it held with the central bank to state-owned lenders, Finance Minister Purbaya Yudhi Sadewa told lawmakers in a hearing on Wednesday. He added on Thursday that the cash injection would... https://www.scmp.com/news/asia/southeast-asia/article/3325221/indonesias-new-finance-chief-plans-us12-billion-boost-jump-start-lending?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3325221/indonesias-new-finance-chief-plans-us12-billion-boost-jump-start-lending?utm_source=rss_feed Thu, 11 Sep 2025 11:35:08 +0000 Enoch Yiu Enoch Yiu Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. Sales increased by 40 per cent from 2023 to a record HK$6.07 trillion (US$778.3 billion), according to a survey released on Thursday by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). As many as 1.2 million... https://www.scmp.com/business/banking-finance/article/3324366/hong-kongs-financial-market-booms-stocks-rally-fuels-sales-funds-bonds-and-others?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324366/hong-kongs-financial-market-booms-stocks-rally-fuels-sales-funds-bonds-and-others?utm_source=rss_feed Thu, 04 Sep 2025 10:34:06 +0000 Enoch Yiu Enoch Yiu A “low-rate honeymoon” for Hong Kong borrowers has come to an end with an increase in the interest rate banks use to set loan prices, a mixed blessing that drives away carry traders but threatens a property market recovery and discourages corporate borrowing, according to analysts. The Hong Kong Monetary Authority intervened 12 times in the currency market over the past two months, successfully defending the local currency’s peg to the US dollar by buying HK$119.95 billion and selling US$15.28... https://www.scmp.com/business/banking-finance/article/3322822/hong-kongs-low-rate-honeymoon-ends-hkmas-dollar-peg-defence-raises-hibor?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3322822/hong-kongs-low-rate-honeymoon-ends-hkmas-dollar-peg-defence-raises-hibor?utm_source=rss_feed Sun, 24 Aug 2025 23:00:12 +0000 Bloomberg Bloomberg Indonesia’s economy is growing at its fastest pace in two years. Not all consumers are buying it. Rohatta, owner of a fried rice restaurant on the outskirts of the capital, Jakarta, says his business is having its worst spell since the pandemic, with 50 to 70 customers a day – down from 150. “When they do come, they order fewer items. No drinks, no desserts,” he said. He has cut prices by about 20 per cent and added a less expensive rice bowl option to attract customers. Indonesians are using... https://www.scmp.com/news/asia/southeast-asia/article/3320892/how-can-indonesias-economy-be-heading-if-people-feel-so-down?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3320892/how-can-indonesias-economy-be-heading-if-people-feel-so-down?utm_source=rss_feed Wed, 06 Aug 2025 03:31:02 +0000 Enoch Yiu Enoch Yiu The strong growth of Hong Kong’s private banking and wealth management sectors will drive increased hiring and leasing of office space in the coming years, according to the chief executive of Hong Kong Monetary Authority (HKMA). Major private banks’ assets under management (AUM) in the city rose 14 per cent in the first half of the year compared with the end of December, while they hired more than 400 wealth management experts in the last two years, an increase of 12 per cent, said Eddie Yue... https://www.scmp.com/business/banking-finance/article/3320589/hong-kongs-booming-wealth-sector-lead-hiring-and-office-expansion-hkma-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3320589/hong-kongs-booming-wealth-sector-lead-hiring-and-office-expansion-hkma-says?utm_source=rss_feed Sun, 03 Aug 2025 23:30:11 +0000 Ralph Jennings Ralph Jennings When a 90-day tariff-free grace period expired this month, Taiwan escaped the letters that US President Donald Trump sent to two dozen other governments fixing new rates, including a 25 per cent duty on goods from Japan and South Korea. Is Taiwan’s letter still in the mail? The Trump administration announced worldwide tariffs on April 2, including double-digit rates for a list of exporters in Asia and 32 per cent slated for Taiwan. The US later paused most tariffs, including Taiwan’s, for 90... https://www.scmp.com/news/china/article/3318831/deal-or-no-deal-us-taiwan-avoids-tariffs-so-far-remains-edge?utm_source=rss_feed https://www.scmp.com/news/china/article/3318831/deal-or-no-deal-us-taiwan-avoids-tariffs-so-far-remains-edge?utm_source=rss_feed Fri, 18 Jul 2025 21:46:45 +0000 Aileen Chuang Aileen Chuang Hong Kong’s vast lead over Singapore as a listing venue appears unassailable, with even the Southeast Asian city’s home-grown companies heading north to raise funds, but the city state remains determined to improve its allure, according to bankers and analysts. IFBH, a Singapore-incorporated Thai firm that is the world’s second-largest bottler of coconut water, started trading on the Hong Kong stock exchange on Monday after completing a HK$1.16 billion (US$147 million) initial public offering... https://www.scmp.com/business/banking-finance/article/3316249/can-singapore-regain-allure-more-citys-companies-flock-hong-kong-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3316249/can-singapore-regain-allure-more-citys-companies-flock-hong-kong-ipos?utm_source=rss_feed Mon, 30 Jun 2025 00:30:12 +0000