According to reports, DBS, OCBC, and UOB are restricting funding for Russian energy deals

Singapore's leading banks are limiting trade financing for Russian raw materials, as the conflict in Ukraine prompts lenders in Asia's largest resource and commodities trading hub to cut their exposure to the sanctioned country.

According to reports, the restrictions include a p...

DBS joins United Nations Net-Zero Banking Alliance to tackle climate change

Singapore’s DBS Bank has decided to join the United Nations’ Net-Zero Banking Alliance, in order to tackle climate change. In this alliance, DBS will be committing to transitioning greenhouse gas emissions from its portfolios to meet its net zero target by 2050 or may be before t...

DBS LAUNCHES TWO EMPLOYEE WORKING PLAN FOR FEASIBILITY PURPOSES

HIGHLIGHTS

• South-east Asia's biggest bank, DBS, will present a conventional occupation-sharing plan to help representatives who need more adaptable work courses of action, among different activities pointed toward changing how its staff work in a post-pandem...

Favorable external environment benefitted Indian Economy in 2019

According to Singapore's DBS Banking Group, in 2019, the Indian Economy benefited from the favorable external environment following which the portfolio inflows into equity and debt touched a multi-year high. If this momentum sustains, it will bode well for the country's external balance.<...

A drop in export orders from Taiwan amidst trade war trouble

The export orders from Taiwan in the month of November dropped for the 13th consecutive month and an increased pace, with the blame put by the government on weak market demand, as well as, disturbance caused due to the trade war between the United States and China in spite of a rise in demand for...

Billionaires investing in Chinese electric vehicles experience knockdowns

China’s richest businessmen invested billions into Chinese electric vehicle firms to back the nation’s aim of establishing itself as the forerunner in the electric car-making sector. 

However, a reckoning seems to be in order following the slowing down of car sales and ...

DBS says economic growth will fall in 2020

The outlook on the Indian economy has constantly been changing and as OCED yesterday announced that the nation would be growing absolutely amazingly in the coming year and there was optimism seen in the nation’s outlook and we think that this was a completely misplaced optimism based on the...

TCurrencies tread water, waiting for news from the trade war

Major currencies dominated Monday's time as investors waited to see if Washington and Beijing might soon sign off on an agreement to end a trade war that was a drag on global economic growth.

A statement from Chinese state news wire Xinhua, which said the two sides had "constru...