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07.08.26 - 02:01
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Singapore′s DBS CEO Sees AI Costs Falling in ′Token Paradox′ (Bloomberg)
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DBS Group CEO Tan Su Shan sees AI costs trending down with more use of tokens, driven by what she calls the 'paradox of token spend.' She emphasizes that the bank maintains an open architecture, staying open-minded and avoiding being 'too wedded' to a model or any one provider. In a wide-ranging interview with Bloomberg's Haslinda Amin, Tan also outlines key growth areas, highlighting Taiwan as the bank's most exciting market opportunity in the next two to three years. (Source: Bloomberg)...
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06.08.26 - 05:00
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DBS 2Q Net Profit Rises 9% to Record High (AAStocks)
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DBS announced that net profit for 2Q26 rose 9% YoY to a record SGD3.08 billion. Total income grew 6% to an all-time high of SGD6.09 billion, reflecting structural growth in customer business.Affected by lower interest rates, the group's net interest income for 2Q fell 2% to SGD3.58 billion, although strong loan and deposit growt......
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05.08.26 - 17:21
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China Chunlai Education Group to Acquire Dublin Business School From Kaplan (Business Wire)
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DUBLIN--(BUSINESS WIRE)--China Chunlai Education Group Co., Ltd. (China Chunlai), a leading private higher education group in China, has agreed to acquire Dublin Business School (DBS), Ireland's leading independent third-level higher education institution, from Kaplan, the global education company.
China Chunlai today filed the Transaction Announcement with the Hong Kong Exchanges and Clearing Limited (HKEX). The value of the acquisition is US$127,500,000.
The transaction remains subject to the satisfaction of the agreed completion conditions, and is expected to complete once these are met.
Junyu Hou, Executive Director, China Chunlai, said:
“DBS represents an important long-term investment for China Chunlai – a platform for future growth, innovation and international collaboration. This acquisition reflects our recognition of DBS's strong reputation, academic quality, and long history of successfully delivering career-focused education.”
Andy Rosen, Chief Executive Officer, Kaplan, Inc. said:
“...
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05.08.26 - 09:00
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UOB to Sell Asset Management Businesses in Eight Asian Markets to Allianz (AAStocks)
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United Overseas Bank has agreed to sell its asset management business to Allianz Global Investors, a subsidiary of Allianz, for SGD555 million (about USD430 million). The transaction is expected to generate a pre-tax gain of nearly SGD330 million and lift the bank's common equity tier 1 capital ratio by 14 bps.Allianz Global Inv......
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05.08.26 - 08:54
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Allianz kauft erneut in Singapur zu (Börsen-Zeitung)
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Allianz baut ihr Geschäft in Singapur weiter aus und übernimmt die Fonds-Sparte der United Overseas Bank. Das soll der Vermögensverwaltungstochter AllianzGI neue Vertriebswege eröffnen. Das vor Ort verwaltete Vermögen könnte sich dadurch verdoppeln....
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