Amova Singapore STI ETF

Singapore's Green Investment Partnership Completes Second Fundraising Round, Totaling Approximately S$1 Billion

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

SingtelMBeCW260730

Abundance

Geely MB ePW261005

Asiatic

HSI 28000MBePW260629

Alibaba MB eCW260703

Teho

P-Nova Short MSSG-1X USy

NKY 55000MBePW260911

NKY 52000MBePW260612

DBSDY

A DBS Group Research report highlights Singapore's potential as the world's first 'Trusted AI Financial Hub', emphasizing the importance of AI integration, governance, and digital infrastructure in shaping global finance. The report introduces the Global AI Financial Hub Index, assessing 15 financial centres, with Singapore leading due to strong regulatory coherence and institutional AI adoption. New York remains a top hub but faces governance challenges, while San Francisco excels in AI talent. The study underscores Asia's growing influence in the financial landscape as AI reshapes the industry.

FiNews

DBS Group

Singapore Leads Emerging Race to Become World’s First «Trusted AI Financial Hub»

Singapore stocks closed lower on May 20, with the Straits Times Index (STI) down 0.5% to 5,044.91. Wilmar International gained 2.2%, while Yangzijiang Shipbuilding fell 3.3%. Local banks also declined, with DBS down 1.1%. The iEdge Singapore Next 50 Index dropped 0.9%. Overall, losers outnumbered gainers 344 to 258, amid negative regional indices.

Businesstimes News

FTSE Straits Times Index

Wilmar

YZJ Shipbldg SGD

OCBC Bank

Frencken

First Resources

Hang Seng Index

YZJ Shipbldg RMB

United Overseas Bank (UOB)

Singapore stocks end lower amid downbeat regional showing; STI down 0.5%

Deputy Prime Minister Gan Kim Yong emphasized the need for Singapore to enhance its status as a trusted AI financial hub during the launch of a DBS Bank study. Singapore ranked first in trust but lagged in talent compared to cities like New York. The government aims to improve AI literacy and support workforce reskilling while encouraging employers to invest in employee training to maintain competitiveness in the global economy.

Straitstimes

Singapore must strengthen its position as a trusted AI financial hub: DPM Gan

Tan Su Shan, CEO of DBS Bank, sold 100,000 shares for approximately SGD6 million (US$4.7 million) on May 15. Post-sale, she retains 1.3 million shares, about 0.048% of the bank's total. DBS shares were trading around SGD61. Tan, the first female CEO, succeeded Piyush Gupta in March 2022 and earned SGD9.6 million last year.

vnexpress

Morgan Stanley

Citigroup

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Tan Su Shan, CEO of Singapore’s biggest lender DBS, sells $4.7M worth of shares

Singapore's climate finance initiative, Financing Asia’s Transition Partnership (Fast-P), has secured an additional $1 billion, raising its total funding to $800 million. This funding will support unbankable green projects in Asia, including solar energy, electric vehicles, and bio-energy initiatives. The initiative aims to attract public, private, and philanthropic capital to finance Asia's decarbonisation efforts, with a target of raising up to $5 billion. New partners include DBS Bank and Cathay United Bank, enhancing the initiative's capacity to address financing gaps in sustainable projects.

Yahoo Finance

S’pore climate initiative secures $1 billion to finance green projects in Asia

HSBC

00005

HSBA

OCBC has outbid competitors by over US$100 million to acquire HSBC's retail and wealth assets in Indonesia, entering bilateral negotiations for the deal. The transaction, valued based on net asset value and a premium of up to S$480 million, aims to strengthen OCBC's presence in Southeast Asia. The deal is expected to be finalized in the first half of next year, pending regulatory approvals. Analysts view the acquisition positively, anticipating it will enhance OCBC's profitability and growth in the region.

- OCBC has significantly outbid other contenders to acquire HSBC's retail and wealth assets in Indonesia, exceeding rival offers by more than US$100 million.  
- The deal, aimed at enhancing OCBC’s presence in Southeast Asia, is valued based on HSBC Indonesia's net asset value and a premium of approximately S$480 million, subject to regulatory approval.  
- This acquisition, which includes employing all 1,300 HSBC Indonesia retail staff, marks the first major move for OCBC's new CEO as the bank seeks to expand its operations in the region.

HSBC HOLDINGS

HSBC Holdings Plc

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial

Commonwealth Bank of Australia

HSBC 5xShortSG241213

OCBC outbids banks on HSBC Indonesia deal by wide margin: sources

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.

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.

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

Amova Singapore STI ETF(G3B.SG)