Tag: DBS

DBS employee who posted image of torn Singapore flag accuses Singapore of being racist

Avijit Das Patnaik, the Singapore permanent resident who shared on social media an image of a Singapore flag being ripped to reveal an Indian flag has come under fire for accusing Singapore of having racist practices. The 46-year-old who is originally from India took to...

Full-year recession inevitable, says DBS economist

With the world's economies experiencing tension amid the uncertainty brought about by the Covid-19 pandemic, a senior DBS Bank economist has pointed out that things are not looking good for Singapore either and that a full-year recession "appears inevitable". In a research note on Thursday (March...

Crisp banknotes are still available for your hongbao

If you have been busy preparing for the Year of the Rat holidays and still need more crisp banknotes for the hongbao, here is where you can still get them. OCBC -- All branches Visit any OCBC branch until Jan 24. The bank will be restocking...

Amid slowdown, “We are not in a crisis scenario yet,” says DBS senior economist

The Singapore economy is not in tip-top shape. According to Singapore Business Federation (SBF), small and medium-sized enterprises (SMEs) have been reporting lower growth expectations while the latest Purchasing Managers' Index pointed to a three-year low in manufacturing sentiment in September. However, ministerial composure prevails. Singapore's...

Ex-DBS manager who cheated elderly customers of S$200,000 gets close to 4-year jail sentence

Singapore — Liaw Tick Kwan, a former relationship manager at DBS Bank, was sentenced to three years and 10 months in jail on June 6, Thursday for pocketing S$200,000 from two older customers. Mr Liaw had handled the investments of the two retirees during the...

The battle heats up: Go-Jek/DBS vs Grab/UOB

The fight for domination in the ride-hailing market just got a little hotter. A partnership between Indonesia’s Go-Jek and DBS bank has been announced to provide payment services when its beta app launches, right before Go-Jek makes its debut in the country. A joint...

What Asia’s top firms are doing to take care of the needs of their female executives

The gender gap in top management positions in firms is more pronounced in Asia than it is in the United States and in Europe. An April 2018 study by McKinsey & Co showed that only one in four positions in the managerial level or...

Facebook just made life a little easier: you can now order food via Messenger at Marina Bay

For the ever-busy workers in the Marina Bay area, it’s become a little more convenient to order food. Yes, delivery services abound, but for those who want to pick up their food from one point to the next, a cashless initiative by DBS called...