Tag Archives: DBS

DBS Group selling PwC Building to Manulife

In the first transaction of an entire Singapore office building this year, DBS Group announced on Friday evening that it is selling PwC Building at 8 Cross Street to an indirect subsidiary of Manulife Financial Corp. The deal values the … Continue reading

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DBS to buy stake in MBFC Tower 3

DBS Group on Monday announced plans to acquire a stake in Marina Bay Financial Centre Tower 3 (MBFC), where the bank’s headquarters is located. In a filing with the Singapore Exchange, the bank said it will pay S$1.035 billion for … Continue reading

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DBS Bank signs up as main tenant at Marina Bay Financial Centre Tower 3

Leasing momentum in the office sector remains strong with an improving economy. Analysts said this has drastically cut the amount of so-called “shadow space” or vacant office space not on the market. In the first half of 2009, shadow space … Continue reading

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DBS, OCBC hit by global turmoil; Q1 net profits fall

Two Singapore banks on Wednesday reported falls in first-quarter net profit as trading activities took a hit from global financial turmoil. DBS Group, Southeast Asia’s biggest bank, said its net profit in the first quarter ended March 31 dipped 2.0 … Continue reading

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Singapore banks likely to ride out challenges ahead

Global ratings agency, Fitch Ratings, sees a more challenging operating environment for Singapore banks going forward. According to its latest report, Fitch expects the three local banks – DBS, OCBC and UOB – to see a slowdown in investment banking … Continue reading

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DBS Group’s Q4 profit down 18% on sub-prime provisions

DBS Group, Southeast Asia’s biggest bank, said on Friday its fourth quarter net profit fell 18 percent from the previous year as it set aside heavy provisions to cover its exposure to risky US mortgages. Net profit for the three … Continue reading

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