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

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Meta Health

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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

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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.

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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

The new CPF life-cycle investment scheme, launching in 2028, could channel up to S$9 billion annually into Singapore equities, according to Citi. This initiative aims to provide CPF members with potentially higher returns by allowing investments in diversified portfolios, including equities, compared to the current risk-free interest rates.

Amova Singapore STI ETF

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Think hard about embracing the new CPF life-cycle investment scheme

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

FTXL

Singapore's non-oil domestic exports (NODX) surged 24.5% in April, the fastest growth since February 2012, driven by AI-related electronics demand. CGS International Securities upgraded its 2026 NODX growth forecast to 5%. Electronics exports rose 66.7%, with integrated circuits and disk media products leading the way. However, geopolitical tensions and rising oil prices pose risks to trade momentum. Singapore's trade surplus increased from $10 billion in March to $13.8 billion in April.

Singapore Business Review

FTSE Straits Times Index

First Trust Nasdaq Food & Semicon

AI boom insulates Singapore's exports from Middle East fallout: report

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.

STI ETF(ES3.SG)