DBS Group Holdings Ltd
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Piyush Gupta, CEO at DBS, says DBS, southeast Asia's biggest bank, can sustain a large part of its profits and explains why he is not worried about a slowdown in China or euro zone troubles.
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*Rate-setting scandals in US, London triggered review in Singapore. SINGAPORE, May 7- Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.
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HONG KONG, May 6- These are some of the leading stories in Hong Kong newspapers on Monday. --Nissan's premium car brand Infiniti, which will begin production on the mainland next year, would not opt for quantity despite a plan to gain 10 percent of both the Hong Kong and mainland premium car markets by 2020, said president Johan De Nysschen.
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May 3- These are some of the leading stories in Hong Kong newspapers on Friday. --Hong Kong government said it would set up an independent committee which would examine claims that the former head of the city's anti-graft agency, the Independent Commission Against Corruption, Timothy Tong, spent lavish sums of public money entertaining mainland officials.
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JAKARTA, May 2- Most Southeast Asian stock markets fell on Thursday, tracking Asian shares which retreated on weak Chinese manufacturing data that raised doubts about the health of the global economy. Thailand and Vietnam were down 0.54 percent and 0.31 percent, respectively.
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May 2- The latest press reports regarding a potential offer for Indonesian niche bank BTPN. highlight the ongoing interest in the country's banking system due to its growth potential, Fitch Ratings says. But high prices and regulatory restrictions on bank ownership increase transaction risks for potential buyers.
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JAKARTA/ LONDON/ SINGAPORE, May 02 The latest press reports regarding a potential offer for Indonesian niche bank BTPN highlight the ongoing interest in the country's banking system due to its growth potential, Fitch Ratings says. But high prices and regulatory restrictions on bank ownership increase transaction risks for potential buyers.
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Piyush Gupta, CEO at DBS, says DBS, southeast Asia's biggest bank, can sustain a large part of its profits and explains why he is not worried about a slowdown in China or euro zone troubles.
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The Singapore stock market has been on a tear recently, trading at highs not seen since late 2007, but the rally could be short-lived, analysts warn.
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May 2- Three months ending March 31, 2013. NOTE: Bank of the Philippine Islands. is a unit of Philippine conglomerate Ayala Corp and partly owned by Singapore's DBS Group Holdings.
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SINGAPORE, May 2- Singapore shares touched a five-year high on Thursday, with DBS Group Holdings rising over 4 percent, its biggest daily gain in more than three years after posting a record profit for the first quarter. "DBS remains an Outperform and our high-conviction top pick in Singapore banking," said CIMB Research.
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Roger Tan, CEO at SIAS Research advises on how to invest in Singapore's banking sector, and what to expect from the three big players DBS, UOB and OCBC.
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DBS posted a record quarterly profit, beating expectations, as higher fee and commission income offset a slight drop in income from its key lending business.
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SINGAPORE, May 2- Following is some company-related and market news which could have an impact on the local market. -Hutchison Port Holdings Trust, which controls container port assets in Hong Kong and Shenzhen, China, said its first-quarter profit fell 15 percent on the year to HK $380.3 million.
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The MSCI's broadest index of Asia-Pacific shares outside Japan was up 1 percent, after the S&P 500 index closed at an all-time high on Monday. Oversea-Chinese Banking Corp, Singapore's second-largest lender, traded flat at S $10.92, retreating from a record high of S $11.07 last week.
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*TPG executives in Tokyo for further talks with SMBC. By Denny Thomas and Taiga Uranaka. HONG KONG/ TOKYO, April 29- Japan's Sumitomo Mitsui Banking Corp is in advanced talks to buy a $1.3 billion stake in BTPN, an Indonesian lender backed by TPG Capital, people familiar with the matter told Reuters, lifting BTPN's shares 9 percent on Monday.
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*SMBC in talks to buy 40 pct stake in BTPN* TPG expecting 25 pct premium to current market price* TPG executives in Tokyo for further talks with SMBC* BTPN trades at 3.81 times price to book By Denny Thomas and Taiga Uranaka.
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*TPG executives in Tokyo for further talks with SMBC. By Denny Thomas and Taiga Uranaka. HONG KONG/ TOKYO, April 27- Japan's Sumitomo Mitsui Banking Corp is in advanced talks to buy a $1.2 billion stake in BTPN, an Indonesian lender backed by TPG Capital, people familiar with the matter told Reuters.
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HONG KONG/ TOKYO, April 27- Japan's Sumitomo Mitsui Banking Corp is in advanced talks to buy a $1.2 billion stake in BTPN, an Indonesian lender backed by TPG Capital, people familiar with the matter told Reuters. In 2008, TPG acquired a 71.6 percent stake in the Indonesian pensioners' savings bank, named Bank Tabungan Pensiunan Nasional Tbk, for $195 million.
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HONG KONG, April 25- Japan-focused Croesus Retail Trust launched a $292 million Singapore IPO on Thursday, looking to benefit from demand for high-yield securities and an expected increase in consumer spending in the world's third-largest economy.
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HONG KONG, April 25- Croesus Retail Trust, which focuses on retail real estate in Japan, launched a $292 million Singapore initial public offering on Thursday, a person with direct knowledge of the plans said.