STI ETF

Bank of China and Singapore Exchange Sign MOU to Deepen Financial Cooperation

Hong Kong Land Raises 2026 Profit Outlook, Q1 Underlying Profit Up 5% and Capital Recycling at 90%

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

ST Engineering Q1 FY2026 Revenue Up 11%, Secures S$4.8B in New Contracts

IMDA Halts Review, Jeopardizing Keppel's Sale of M1 to Simba Deal

Keppel launches 90-day efficiency plan for M1, targets S$2-3 billion asset divestment by 2026

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

OCBC Plans to Add 30-50 Staff in Hong Kong by 2026 to Expand Wealth Management Team

OCBC Hong Kong Branch Attracts New Customers with Lifestyle Strategy, Account Growth Surges 125%

UOL Acquires UOB's Remaining Stake in Orchard Road Faber House for $68.5M

Keppel Enterprise and Telstra International Sign 25-Year Usage Rights Agreement for Bifrost Subsea Cable

OCBC Bank 2026 H1 Revenue Surges 18%, Targets Top 10 Hong Kong Rank by 2030

CDL Secures SGD 300 Million Sustainability-Linked Loan from DBS

DBS Taiwan Launches DBS Spark Banking for Emerging Affluent Clients

AirTrunk Seeks $2.3B Loan for Data Center Project

SingTel 10 to Release FY2026 Earnings on May 21 Pre-Market SGT, Forecast Revenue SGD 14.46 B

Singapore Exchange Reports 6% YOY Increase in Securities Market Turnover in April

OCBC signs agreement with Australia to boost trade and investment cooperation between ASEAN and Australia

Singapore Introduces Economic Strategy Review to Tackle AI Impact

CityDev MBeCW260930

SingtelMBeCW261030

Teho

Meta Health

DBS MB eCW260730

OCBC Bk MB eCW260930

TencentMBeCW261005

DBS MB eCW260929

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

DBS Group

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

Singapore Land Group (SingLand) has increased its stake in Novena Square to 40% by acquiring United Overseas Bank's shares in two joint ventures for $299 million. Additionally, Novena Square Investments purchased a strata lot for $19.5 million. The transactions, completed on May 15, 2026, aim to enhance SingLand's recurring income from stabilized assets amid ongoing redevelopment efforts. The remaining strata lots in Novena Square are valued at $1.5 billion.

Singapore Business Review

Singapore Land

United Overseas Bank (UOB)

SingLand raises Novena Square stake with UOB share deal

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

DBSDY

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.

OCBC Bank

Goldman Sachs

Barclays

Deutsche Bank AG

UBS Group AG

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

City Developments Limited (CDL), led by Singapore's second-richest man Kwek Leng Beng, has secured a S$300 million (US$234 million) sustainability-linked loan from DBS. The loan aims to enhance climate resilience through various sustainability targets. CDL has raised over S$11 billion in sustainable financing since 2017 to support its net-zero goals. This marks the second partnership between CDL and DBS for sustainability-linked financing.

vnexpress

CityDev

CITYDEV NCCPS

Singapore’s 2nd richest man Kwek Leng Beng’s CDL secures $234M sustainability-linked loan from DBS

A recent survey revealed that 39% of Singapore businesses faced AI-related cyber events, the highest among 15 markets. Additionally, 42% experienced supplier-linked cyberattacks. Despite these challenges, 97% of firms expect AI to positively impact their operations. Key reasons for AI adoption include productivity and innovation. However, concerns about AI-related risks persist, with 54% citing phishing as the main attack method. Notably, 18% of companies lack cyber insurance, and 15% do not have a cyber response plan.

Amova Singapore STI ETF

QBE Insurance Group

Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets

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.

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

MoneyMax Treasure, a subsidiary of MoneyMax Financial Services, has priced $30m in 5.00% fixed rate notes due 2028 under its $500m multicurrency medium-term note programme. The notes will be issued at 100.50% of their principal amount and are expected to be issued on 21 May 2026, maturing on 30 October 2028. Proceeds will be used for general corporate purposes, including refinancing and capital expenditure. DBS Bank is the lead manager for the issuance.

MoneyMax Fin

MoneyMax subsidiary prices $30m 5% notes due 2028

Companies pursuing low-carbon transition plans may incur higher costs in the short term due to the Iran war, according to OCBC's chief sustainability officer Mike Ng. This geopolitical situation necessitates a more strategic approach to decarbonisation investments and capital expenditure, as sustainability efforts are critical for energy security and resilience.

Costs of energy transition likely to go up over short term due to Iran war, says OCBC CSO

STI ETF(ES3.SG)