Only 38% of banks that have adopted AI report a financial return, while McKinsey estimates generative and agentic AI could add close to $2 trillion annually to banking, according to Gartner and McKins…
Singapore's Purchasing Managers' Index (PMI) edged up 0.1 point to 51.4 in July, marking 12 straight months of expansion, according to data from the Singapore Institute of Purchasing and Materials Man…
DBS Group COO Derrick Goh is leading the bank's AI strategy, which recently rolled out an agentic AI assistant named DBS Joy to all corporate clients in Singapore, with plans to expand to Hong Kong an…
Blackstone-owned data centre firm AirTrunk secured a US$2.3 billion green loan from 30 lenders for its JHB2 hyperscale data centre in Johor, Malaysia, its largest single-asset financing to date. The l…
The Monetary Authority of Singapore directed banks to report cryptoasset exposures and engage on prudential treatment before a full Basel-aligned framework takes effect on January 1, 2027, and propose…
DBS rolled out an agentic artificial intelligence assistant to 350,000 corporate clients in Singapore, including small and medium-sized enterprises, on Tuesday (Jul 28). The move makes DBS one of the …
The sustainability of the artificial intelligence investment boom has become a key risk to global growth and financial stability, said Chia Der Jiun, managing director of the Monetary Authority of Sin…
DBS on Tuesday rolled out an agentic artificial intelligence assistant to 350,000 corporate clients in Singapore, including small and medium-sized enterprises, through its DBS Joy virtual assistant. T…
Banks in Singapore, including DBS, OCBC and UOB, are deploying agentic AI systems that can autonomously plan and execute complex tasks across wealth advisory, client onboarding, KYC, compliance and op…
Singapore stocks fell on Monday, with the Straits Times Index (STI) down 0.2% to 5,498.95, amid a tech rout in Asian markets triggered by the launch of Chinese startup Moonshot AI's Kimi 3.0 model, wh…
The Government Technology Agency (GovTech) has retrenched 93 employees in the first phase of a two-year workforce transformation expected to affect 7 to 9 per cent of its staff. DBS targets S$1 trilli…
OCBC plans to raise annual technology spending to more than $771mn, as new CEO Tan Teck Long doubles down on AI and digital banking. The increase, one of Tan's first strategic signals since taking ove…
AirTrunk, the Blackstone-backed hyperscale data center operator, is nearing a confidential IPO filing for a real estate investment trust in Singapore, targeting a raise of $1 billion to $1.2 billion. …