Indonesia to launch new sovereign wealth fund with over $900 billion in assets
JAKARTA (Reuters) -Indonesia's President Prabowo Subianto will launch a new sovereign wealth fund called Danantara Indonesia on February 24 with assets under management exceeding $900 billion, ...
RBI’s forex reserves sale highest among Asian peers
Foreign exchange reserves peaked in September 2024 and the RBI is estimated to have sold $111.2 billion, or around 18% of ...
Bank Indonesia Says Liquidity Measure Will Support Government Housing Goal
JAKARTA (Reuters) - Indonesia's central bank said it will increase to 80 trillion rupiah ($4.9 billion) the amount of ...
DBS Group Is Leveraged to Regional Growth in Greater China and Asia
DBS has strong capital buffers that allow it to weather economic downturns. As of December 2024 its common equity Tier 1 ratio was 17.0% on a transitional basis and still 15.1% even assuming final ...
The Asset5d
Piyush Gupta’s DBS legacy: More digital, sustainable, globally respected
Tan Su Shan now steps into the leadership role with the foundation of Piyush Gupta’s transformative legacy, inheriting a bank ...
DBS is setting aside $23.6 million to reward staff of Southeast Asia’s largest bank for a ‘record performance’
The bank, driven by its wealth management business and an increase in loans, reported a net profit of $8.4 billion for 2024, ...
EMERGING MARKETS-Most Asia shares fall on trade war jitters; Singapore stocks hit record high
Indonesia stocks at lowest since June, 2023 * Taipei shares drop as much as 1.3% * DBS gains up to 4.1% (Updates as of 0627 GMT) By Rishav Chatterjee and Rajasik Mukherjee Feb 10 (Reuters) - Emerging ...
Singapore's DBS surges to record on higher margins, capital return plans
Shares of DBS soared to a record high on Monday after Singapore's largest bank flagged an improvement in net interest income ...