Next DBS CEO should have the skills to run the ‘Digital Bank of Singapore’

Following a spate of incidents, DBS CEO Piyush Gupta or his replacement will need to assure investors that digital disruptions are a thing of the past.

https://bt.sg/zrq6

*➡️As Piyush Gupta nears his 15th year at the helm of DBS, who will be his successor?* https://bt.sg/ydmM

PODCAST: How is everyone dealing with high costs in the costliest city in the world: Singapore? Howie Lim finds out. #moneyhacks #btpodcasts

? Listen here: bt.sg/tsKv

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MAS prioritises policyholders, competitive market in assessing Allianz-Income deal: Chee Hong Tat

MAS sees a competitive insurance industry as the “most effective way” to meet the insurance needs of Singaporeans, said Second Minister for Finance Chee Hong Tat, in response to questions on the deal.

https://bt.sg/fa7x

PODCAST: Is the market dominance of big agencies worrying? Do property agents provide a valuable service? Senior correspondent Leslie Yee gets insights from National University of Singapore's Professor Tien Foo Sing. #propertybt #btpodcasts

? Listen here: bt.sg/Hwaj

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GXS Singapore CEO Charles Wong steps down, remains as an adviser

In a recent media event on Jul 11, GXS group CEO Muthukrishnan Ramaswami was seen to be the face of senior management, rather than Wong, perhaps already signalling then that a shakeup was on the cards.

https://bt.sg/4AQzL

Allianz provides more than capital for Income; it’s also strategic growth partner, says NTUC Enterprise

Income’s market share in the life business has slipped through the years, from a high of 20.8% in 2020 to around 5.7% today, having lost key contracts to its global and regional competitors.

https://bt.sg/EPcP

Prime residential properties account for majority of loss-making resale deals in Q2

Prime residential units lost S$780,000 and S$2.1 million in value, yet 80% of resale transactions in the Core Central Region (CCR) remained profitable.

https://bt.sg/7p7S

MAS proposes relaxed leverage requirements for S-Reits

Under the proposal, all Reits will be subject to a minimum ICR threshold of 1.5 times, and an aggregate leverage limit of 50%

“This underscores the responsibility of Reit managers in ensuring that Reits can adequately meet their interest payments,” says MAS.

https://bt.sg/iC6CF

BYD jumps to second place behind Toyota in H1 Singapore car sales, beats BMW, Mercedes-Benz

Compared to the same period last year, BYD’s market share has risen further to 13.9% from 2.8%.

https://bt.sg/MAjD

World’s biggest luxury fortunes lose US$17 billion as market slows

Is the luxury sector's golden age waning? LVMH's Bernard Arnault loses top billionaire spot as demand drops, impacting L'Oreal, Burberry and Swatch.

https://bt.sg/H5Pr