Diversified Banks

Mahindra & Mahindra partners with DBS Bank India to launch ESG-linked dealer financing plan

City Developments Limited Secures S$300M Sustainability-Linked Loan from DBS

MoneyMax Treasure Prices $30M 5-Year Notes, DBS as Lead Underwriter

CDL Secures SGD 300 Million Sustainability-Linked Loan from DBS

DBS Taiwan Launches DBS Spark Banking for Emerging Affluent Clients

Singapore Introduces Economic Strategy Review to Tackle AI Impact

Fitch Confirms and Upgrades DBS (Hong Kong)'s Ratings

DBS Hong Kong SME Head Sees Double-Digit New Customer Growth Target

DBSDY Stock Breaks Above 50-Day Moving Average With Analysts Upgrading to Strong Buy

DBS Launches New Wealth Centers in Mainland China, Hong Kong, and Taiwan

DBS CEO States Low Exposure in the Middle East

DBS CEO sees uncertain short-term outlook

DBS Group Holdings Announces Dividend at 2025 AGM

DBS released FY2026 Q1 earnings on April 30 Pre-Market SGT, actual revenue SGD 5.758 B (forecast SGD 5.895 B), actual EPS SGD 1.0324 (forecast SGD 0.9972)

DBS Group Exceeds Q1 Net Income Expectations

DBS Group posts 1% rise in Q1 net profit

DBS to Provide $10 Million in Cash Rebates to Consumers

DBS Enhances Spark GenAI Program to Support SMEs in Adopting AI

DBS Launches Spark GenAI Program to Help SMEs Adopt AI

DBS to release FY2026 Q1 earnings on April 30 Pre-Market SGT, forecast revenue SGD 5.895 B, EPS SGD 0.9972

Top GloveW300209

YangzijiMBeCW260930

Wilmar MB eCW260630

Beng Kuang W270904

HSI 20800MBePW260629

HSI 24400MBeCW260629

Meituan MB eCW260804

Seatrium MB eCW260630

STEng MBeCW260930

HSI 27800MBeCW260629

DBSDY

Singapore's first national adaptation plan aims to assess current climate measures and identify risks rather than propose new solutions. Minister Grace Fu emphasized the importance of this foundational framework, set for UN submission in 2027, during a recent event. The plan will facilitate discussions with businesses and banks on financing adaptation solutions. Fu highlighted the need for resilience in supply chains and the integration of climate risks into investment decisions. A partnership between DBS and the Climate Bonds Initiative was also announced to enhance funding for adaptation projects in the Asia Pacific.

- On May 19, a discussion took place involving Sean Kidney from the Climate Bonds Initiative, Minister Grace Fu, and Kelvin Wong from DBS Bank regarding Singapore's first National Adaptation Plan to tackle climate impacts.  
- The plan aims to assess current measures and identify climate risks, with an expected release in 2027 and a focus on informing discussions with stakeholders for future financing solutions.  
- Additionally, the collaboration between DBS Bank and the Climate Bonds Initiative seeks to enhance funding for resilience projects in the Asia-Pacific region, highlighting the need for innovative financing strategies in adaptation efforts.

Yahoo Finance

DBS Group

First S’pore adaptation plan to identify risks and take stock of current measures, rather than new solutions

02888

DBS CEO Tan Su Shan discusses the impact of agentic AI on banking. A new program offers undergraduates hands-on AI finance training with over 1,000 internships. The SQ321 report indicates a radar issue may have caused severe turbulence for Singapore Airlines. Standard Chartered plans to hire more wealth bankers in Singapore despite global job cuts. The CPF life-cycle investment scheme could boost liquidity in Singapore stocks by 2028. Temasek Trust and The Rockefeller Foundation launch a coalition to support nuclear power funding.

Businesstimes News

STANCHART

Standard Chartered PLC

SIA Engineering

Daily Debrief: What Happened Today (May 19)

Academy Securities has appointed Tom McCabe to its Advisory Board. With over 30 years of financial expertise, McCabe previously served as CEO for the Americas at DBS Bank for 11 years until his retirement in 2025. His extensive experience in the financial sector will benefit Academy Securities.

Unusual Whales

Thomas J. McCabe joins Academy Securities’ Advisory Board

Analyst Hashim Osman from Phillip Securities has upgraded SIA Engineering Co to a Buy with a target price of S$4.06, citing resilient earnings and attractive valuation despite start-up losses. He notes robust growth in engine repair volumes and maintenance activity, while acknowledging geopolitical risks. DBS also maintains a Buy rating with a S$3.80 target. The stock has seen a 15.26% drop over the past six months, from S$3.670 to S$3.110.

Tip Ranks

Analyst Reiterates Buy as Robust MRO Growth and Engine Capacity Offset Start-Up Losses, While Target Price Eases to S$4.06

DBS Bank CEO Tan Su Shan sold 100,000 shares for $6 million at $60.12 each on May 15, according to a Singapore Exchange filing. She now holds 1.3 million shares, representing 0.048% of the bank's total. DBS reported a net profit of $2.93 billion for Q1 2026. Tan, the first female CEO, took over in March 2025 and received $9.6 million in remuneration for the previous year.

- DBS Bank CEO Piyush Gupta sold 100,000 shares of the bank, earning $6 million.  
- The shares were traded at $60.12 each on May 15, according to the Singapore Exchange's announcement on May 18.  
- As of now, she holds 1.3 million shares, representing 0.048% of the bank's total common stock, and the bank reported a net profit of $2.93 billion for Q1 2026.

Asiaone

DBS CEO Tan Su Shan sells $6m in company stock

DBS CEO Tan Su Shan emphasizes the importance of agentic AI in transforming banking and fostering a culture of adaptability. Reflecting on past leadership meetings, she noted the evolution of their motto from 'Show me your code' to 'Show me your agent,' highlighting the bank's commitment to innovation.

‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

DBS has partnered with the Climate Bonds Initiative to enhance climate adaptation financing in the Asia-Pacific region. This collaboration aims to develop a research paper identifying investment opportunities in sectors like energy and real estate, while also building internal capabilities to integrate climate resilience into banking processes. The partnership responds to the urgent need for over $365 billion annually by 2035 for climate adaptation, emphasizing the importance of financing resilience investments to support economies facing climate risks.

TechNode

CityDev

CITYDEV NCCPS

DBS, Climate Bonds Initiative team up to advance climate adaptation financing across APAC

Shares of DBS Group and OCBC hit record highs as expectations for Federal Reserve rate cuts diminish. DBS shares rose 1.05% to S$61.40, while OCBC gained 0.8% to S$23.22. Analysts attribute this to U.S. inflation pressures and rising Singapore benchmark interest rates, which enhance net interest income prospects. Both banks reported strong Q1 earnings, bolstered by their wealth management sectors, with OCBC's acquisition of HSBC's business in Indonesia expected to further boost growth.

MorningStar

OCBC Bank

HSBC HOLDINGS

HSBC

HSBC 5xShortSG241213

HSBC Holdings Plc

DBS, OCBC Shares Hit Record Intraday Highs as Expectations for Fed Cuts Fade

DBS Bank plans to hire over 500 young local talents in 2026 through its Management Associate, internship, and traineeship programmes, aiming for nearly 1,600 hires from 2024 to 2026. The bank will recruit 112 management associates and over 400 interns, emphasizing AI's role in enhancing employee training and project involvement. CEO Tan Su Shan highlighted the use of internal AI tools like CodeBuddy and DBS-GPT to support coding and development tasks.

Singapore Business Review

DBS Bank to hire over 500 young talent in 2026 amidst AI push

The Young Talent Programme for AI in Finance has been launched in Singapore, offering undergraduates hands-on experience with AI in finance through internships and traineeships at 20 financial institutions. Supported by the Monetary Authority of Singapore, the program aims to provide over 1,000 positions to help students gain industry exposure and relevant skills. Participating firms include major banks like DBS, OCBC, and global lenders such as Goldman Sachs. The initiative is part of a broader effort to enhance talent pathways in the financial sector.

Goldman Sachs

Barclays

Deutsche Bank AG

UBS Group AG

United Overseas Bank (UOB)

Deutsche Bank AG Subscription Rights

Deutsche Postbank AG

GS Hldg R

Undergrads to get hands-on AI finance training; sector to offer over 1,000 internships, traineeships

DBS(D05.SG)