Daily Briefing: DBS profit plummets on Swiber provisions; Half of Singaporeans looking to buy home

And here are Singapore’s most unique landmarks.

DBS Group Holdings Ltd.’s second-quarter profit declined 6 percent as provisions for troubled energy-services firm Swiber Holdings Ltd. overshadowed gains in interest and fee income. Net income fell to S$1.05 billion ($780 million) from S$1.12 billion a year earlier, Singapore’s largest bank said in an exchange filing Monday. That compared with the S$1.07 billion average of five analysts in a Bloomberg survey that was compiled before DBS revealed losses related to Swiber. Read more here.

Homebuyers are upbeat about the prospects of Singapore’s residential market in the long run. About 43%, or 217, of the 500 respondents polled in a recent survey shared that they were on the lookout to purchase a private home in Singapore. Find out more here.

Do you think you know all of Singapore's unique landmarks? Our country may just be a tiny red dot in the world and a young nation turning 51 this year, but we've got distinctive landmarks here on our sunny shores that add to our Singapore's vibrancy and uniqueness. Read more here.

Also Read

ESR-LOGOS secures $225m and JPY15.5b sustainability-linked term loans

Singapore leads SEA in FinTech funding

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit