DBS, a leading bank in Singapore, has reported record deposit inflows, wealth growth, and fee income in 2025, attributed to its years-long investment in Artificial Intelligence (AI) and machine learning. According to Chief Executive Tan Su Shan, the bank’s AI-powered tools, such as contextual nudges and automated customer engagement, have been instrumental in attracting new customers and driving volume growth. The bank has increasingly embedded AI across its operations to improve customer acquisition and productivity.

Tan Su Shan highlighted that the bank’s use of AI has been a key factor in its success, allowing it to gather new-to-bank customers, be more customer-centric, and automate nudges. While it may be challenging to isolate the precise economic value of AI, its main benefit lies in freeing up staff for growth-focused work. The bank has seen significant time savings, with work that once took months or years now being completed in weeks, particularly in addressing technical debt.

DBS has also developed an in-house generative AI tool, DBS GPT, which is used by over 60% of its staff. The tool has improved significantly since its rollout last July and is now used for tasks such as translation and policy queries. The economic value generated from the bank’s AI initiatives has risen to S$1 billion in 2025, up from S$750 million in 2024. This growth is based on comparisons between AI-enabled customers and control groups.

The bank’s investment in AI has enabled it to drive business expansion and improve customer engagement. With AI becoming more deeply integrated into daily workflows, DBS is well-positioned to continue its growth trajectory. The use of AI has also enabled the bank to redeploy staff towards more strategic and growth-focused work, leading to increased productivity and efficiency. Overall, DBS’s success story highlights the potential of AI to drive business growth and improve customer outcomes in the banking sector.

Jason Donohue, a former Ireland underage coach, has been appointed as the Sporting Director of DBS International Soccer Academy. In this role, Donohue will oversee all football activities at the academy, including its full-time Transition Year program, which combines football training with academic education for boys and girls at the Sport Ireland Campus in Abbotstown, Dublin. Donohue brings a wealth of experience to the position, having managed the Ireland U-15 and U-16 teams and holding a Uefa pro licence. He also has a Master’s degree in Applied Sports Coaching from the University of Limerick.

During his time with the Football Association of Ireland (FAI), Donohue worked as a senior coach educator and played a key role in developing young players who went on to represent the senior national team. He is excited to join DBS International Soccer Academy and continue developing young players, combining full-time football with education. Donohue has plans to lead initiatives across player, club, league, and coach development, and is looking forward to working with the academy’s students and staff.

The appointment of Donohue has been welcomed by David Berber, principal of DBS International Soccer Academy, who believes that Donohue’s experience and knowledge of player development will be invaluable to the academy. Berber stated that Donohue’s appointment strengthens the academy’s position as a leading institution and enhances opportunities for young footballers across Ireland. With Donohue at the helm, DBS International Soccer Academy is well-placed to continue producing talented young players and providing them with the skills and education they need to succeed in the sport.

Donohue’s experience and qualifications make him an ideal candidate for the role, and his passion for developing young players is evident in his comments. He is committed to leading the academy’s initiatives and working with the students and staff to achieve their goals. Overall, the appointment of Jason Donohue as Sporting Director of DBS International Soccer Academy is a positive development for the academy and for Irish football as a whole.

New Miami Dolphins head coach Jeff Hafley has begun poaching the Green Bay Packers’ coaching staff, with Ryan Downard, the Packers’ defensive backs coach, set to join the Dolphins. Downard spent three years as the defensive backs coach for the Packers and has been with the team since 2018, when he joined as a quality control coach. He was promoted to assistant DBs coach in 2019 and then became the safeties coach in 2022 before taking on his current role.

The details of Downard’s responsibilities with the Dolphins have not been disclosed, but there is a possibility that he could be named the team’s defensive coordinator. Hafley has not yet named a defensive coordinator, and it is possible that he could still call the defensive plays for the Dolphins. Downard’s experience working with Packers defensive coordinators Joe Barry and Mike Pettine could be an asset in his new role.

The Packers will need to find a replacement for Downard, with Derrick Ansley, the team’s defensive passing game coordinator, being a potential candidate. Ansley has experience as a defensive backs coach at both the NFL and college levels, making him a strong contender to take on Downard’s duties.

It is also possible that more coaches could leave the Packers to join Hafley in Miami. Sean Duggan, the Packers’ linebackers coach, has worked with Hafley since 2019 and could be a candidate to join the Dolphins. Hafley and Duggan worked together at Ohio State, where Hafley was the co-defensive coordinator. The departure of Downard and potentially other coaches could lead to significant changes in the Packers’ coaching staff under new coordinator Jonathan Gannon.

Overall, Hafley’s hiring of Downard is the first of potentially several moves to poach coaches from the Packers. The Dolphins are looking to build a strong coaching staff under Hafley, and the Packers will need to adapt to the loss of experienced coaches. The coming weeks will be crucial in determining the fate of the Packers’ coaching staff and the direction of the team under Gannon.

According to DBS Chief Investment Officer Hou Wey Fook, the US economy is entering a “new era” where fiscal policy will play a much larger role. This is driven by President Donald Trump’s expansionist policies, which are expected to lead to increased government spending. As a result, the US economy is likely to experience a significant shift, with fiscal dominance looming large. This new era is characterized by rising deficits and spiraling debt, which raises concerns about the erosion of Federal Reserve independence and the potential for inflation.

Hou warns that investors need to be prepared for this new era, as it poses significant challenges for portfolio management. To mitigate these risks, Hou recommends a four-pronged asset allocation strategy. Firstly, investors should ride the artificial intelligence (AI) wave by investing in companies that leverage AI for efficiency. Secondly, they should manage sticky inflation by investing in real assets such as infrastructure, real estate, commodities, and precious metals, which have historically outperformed during inflationary cycles.

Thirdly, investors should seek value in Asia ex-Japan equities, which are currently trading at a significant discount compared to developed markets. Finally, they should focus on quality in equities and credit, as high-beta assets are likely to outperform in this environment. Hou notes that these are extraordinary times, with macro conditions improving but valuations remaining steep across asset classes. With central banks increasing liquidity, inflation is likely to trend higher, making it unviable to stay in cash.

Overall, Hou’s report suggests that investors need to be proactive in navigating the new era of the US economy. By adopting a strategic asset allocation approach, investors can protect their portfolio value and capitalize on the opportunities presented by this new era. The key is to be prepared for a more inflationary environment and to invest in assets that are likely to perform well in such conditions. By doing so, investors can mitigate the risks associated with the rising deficits and debt, and position themselves for success in the years to come.

DBS has successfully raised US$272 million for PIMCO’s 60/40 fund, a strategic allocation to help investors navigate the complex market landscape. The 60/40 fund, managed by PIMCO, a leading global investment management firm, is designed to provide a balanced portfolio of 60% bonds and 40% equities, aiming to optimize returns while minimizing risk.

The fund’s objective is to deliver consistent long-term returns by investing in a diversified portfolio of high-quality bonds and equities. The 60% allocation to bonds is expected to provide a stable source of income, while the 40% allocation to equities is designed to capture growth opportunities in the market. The fund’s portfolio will be actively managed by PIMCO’s experienced investment team, who will continuously monitor market conditions and adjust the portfolio as needed to optimize returns.

DBS, a leading financial services group in Asia, partnered with PIMCO to offer the 60/40 fund to its wealth management clients. The fund is available to DBS’s private banking and wealth management clients, as well as to institutional investors. The successful fundraising effort demonstrates the strong demand for diversified investment products among investors, particularly in the current market environment.

The 60/40 fund is an attractive option for investors seeking a balanced and diversified portfolio. The fund’s allocation to bonds provides a stable source of income, while the allocation to equities offers the potential for long-term growth. The fund’s active management by PIMCO’s experienced investment team ensures that the portfolio is continuously optimized to meet the changing market conditions.

The partnership between DBS and PIMCO brings together the strengths of both organizations, offering investors access to a world-class investment product. DBS’s wealth management platform and PIMCO’s investment expertise provide a compelling combination for investors seeking to navigate the complex market landscape. The successful fundraising effort for the 60/40 fund demonstrates the strong demand for innovative investment products and the trust that investors have in DBS and PIMCO.

Overall, the DBS-PIMCO 60/40 fund offers a unique investment opportunity for investors seeking a balanced and diversified portfolio. With its stable income stream and potential for long-term growth, the fund is an attractive option for investors looking to navigate the complex market landscape. The successful fundraising effort demonstrates the strong demand for such products and the trust that investors have in DBS and PIMCO.

Significant legislative changes are coming into effect on January 21, 2026, regarding Disclosure and Barring Service (DBS) checks for self-employed individuals and personal employees. Currently, self-employed people can only apply for Basic DBS checks, and if they require an Enhanced check, an employing organization must apply on their behalf. However, from January 21, self-employed workers and personal employees who are paid for their roles will be able to apply for Enhanced or Enhanced with Barred List(s) checks directly through a DBS umbrella body, provided their role is eligible.

This change will benefit workers such as private tutors who offer lessons directly to children and personal employees hired directly by individuals through direct payments or personal health budgets. The existing routes for DBS checks remain the same, and eligibility criteria are unchanged. Self-employed individuals and personal employees can apply for Enhanced or Enhanced with Barred List(s) checks only if their role qualifies under existing rules.

To apply, self-employed people and personal employees can use the “find an Umbrella Body” tool on GOV.UK and filter for organizations that process checks for self-employed individuals. The existing DBS fees apply, and Umbrella Bodies may charge their own administration fees. Private individuals hiring self-employed people or personal employees cannot apply for a DBS check on their behalf; instead, the individual must apply themselves through an umbrella body.

Private individuals can ask to view an applicant’s original DBS certificate as part of their recruitment considerations and use the free DBS Update Service to check whether a certificate is up to date. The changes aim to provide more flexibility and accessibility for self-employed individuals and personal employees to obtain the necessary DBS checks for their roles. It is essential to read the full guidance on DBS checks for self-employed people and personal employees, as well as the guidance on employing self-employed people and personal employees, to understand the new rules and application process.

DBS, a leading bank in Singapore, has reported a significant increase in economic value from its artificial intelligence (AI) initiatives, reaching a record S$1 billion in 2025. This represents a one-third increase from the S$750 million achieved in 2024. According to Nimish Panchmatia, DBS’s chief data and transformation officer, the bank has made substantial progress in its AI initiatives. This trend is not unique to DBS, as the other two major local banks, OCBC and UOB, are also leveraging AI to drive growth and innovation in Singapore’s financial sector.

The rise of AI in Singapore’s banking industry poses both opportunities and challenges. On one hand, AI has the potential to increase efficiency, reduce costs, and enhance customer experience. On the other hand, it also requires significant investment in talent and technology, which can be a challenge for local banks. As AI becomes more prevalent, there is a growing need for skilled professionals who can develop, implement, and maintain AI systems.

The increasing importance of AI in Singapore’s financial sector is also reflected in the government’s efforts to promote the development of AI and digital technologies. The city-state has invested heavily in initiatives aimed at building a strong ecosystem for AI and fintech innovation, including the establishment of research centers, incubators, and accelerators.

However, the rise of agentic AI, which refers to AI systems that can learn and adapt on their own, poses new challenges for local banking talent. As AI systems become more autonomous, there is a need for professionals who can understand and manage these systems, as well as address potential risks and ethical concerns. To address this challenge, local banks and educational institutions will need to work together to develop training programs and curricula that focus on AI and digital skills.

Overall, the growth of AI in Singapore’s banking industry is expected to continue, driven by the potential for increased efficiency, innovation, and customer engagement. However, it will require significant investment in talent and technology, as well as a focus on addressing the challenges and risks associated with the rise of agentic AI.

Atome, a buy now pay later (BNPL) platform, has secured a significant credit facility of $345 million, a substantial increase from the $200 million secured in 2024. This new credit line is expected to fuel the expansion of Atome’s BNPL and lending services across Southeast Asia, particularly in Singapore, Malaysia, and the Philippines. The facility will also be utilized to grow its Pay Later Anywhere card in these markets.

The credit facility was structured and arranged by HSBC, which returns as a key player, and DBS, which joins as a mandated lead arranger and bookrunner. Other returning lenders include Sumitomo Mitsui Banking Corporation and Cathay United Bank, while Shanghai Pudong Development Bank is a new addition to the lending group.

According to Andy Tan, Atome’s Chief Commercial Officer, this new credit facility will enable the company to better support its rapidly growing loan book, while scaling transparent and flexible credit solutions for both merchants and consumers. Atome Financial, which comprises the BNPL business, Atome PayLater Anywhere Card, and Kredit Pintar, reported a revenue of $11.4 million in 2024, although this represents a decline from $18.6 million in 2023. Profit also decreased to $861,980 in 2024 from $19.7 million in 2023, according to financial filings.

The expansion of Atome’s services is expected to cater to the growing demand for BNPL options in Southeast Asia. The company’s Pay Later Anywhere card, in particular, is poised to benefit from the new credit facility, allowing more consumers in Singapore, Malaysia, and the Philippines to access flexible payment options. With this increased credit facility, Atome is well-positioned to drive growth and innovation in the region’s BNPL market. The company’s commitment to transparency and flexibility in its credit solutions is expected to resonate with consumers and merchants alike, further solidifying its position in the market.

Karen Ngui, the Head of Group Strategic Marketing & Communications at DBS Bank, has announced that she will be leaving her role. Ngui has been a key figure in shaping the bank’s marketing and communications strategy, and her departure is likely to be felt across the industry.

During her tenure, Ngui has been instrumental in driving DBS Bank’s digital transformation and brand revitalization efforts. She has led the development of several award-winning campaigns, including the bank’s “Live More, Bank Less” campaign, which aimed to position DBS as a lifestyle enabler rather than just a financial institution.

Under Ngui’s leadership, DBS Bank has also made significant strides in digital marketing, leveraging data analytics and social media to engage with customers and promote its products and services. The bank has been recognized for its innovative approach to marketing, including being named “World’s Best Bank” by Euromoney and “Best Bank in the World” by Global Finance.

Ngui’s exit comes at a time when the banking industry is undergoing significant changes, driven by technological advancements and shifting consumer behaviors. As banks look to stay ahead of the curve, they will need to continue to innovate and adapt their marketing and communications strategies to meet the evolving needs of their customers.

Ngui’s departure from DBS Bank is likely to be seen as a loss for the industry, given her expertise and experience in driving marketing and communications strategies. However, it also presents an opportunity for the bank to bring in fresh perspectives and ideas, and to continue to push the boundaries of innovation in marketing and communications.

The search for Ngui’s replacement is likely to be underway, with the bank looking for a candidate who can build on the foundations laid by Ngui and take the bank’s marketing and communications efforts to the next level. As the banking industry continues to evolve, it will be interesting to see how DBS Bank and other financial institutions adapt and innovate in the marketing and communications space.

Ngui’s legacy at DBS Bank will be remembered for her contributions to the bank’s brand and marketing efforts, and her impact on the industry as a whole. Her exit marks the end of an era, but also presents a new chapter for the bank and the industry, as they look to the future and the opportunities and challenges that it will bring.

Manipal Hospital Sarjapur Road has launched a dedicated Deep Brain Stimulation (DBS) Clinic, offering comprehensive care for patients with advanced movement disorders and psychiatric conditions. The clinic provides a one-stop solution for patients with Parkinson’s disease, tremor, dystonia, epilepsy, and Obsessive-Compulsive Disorder (OCD). A multidisciplinary team of specialists works together to deliver evaluation, DBS surgery, and long-term programming under one roof.

The DBS Clinic is designed to provide personalized care to patients, allowing them to interact directly with doctors and therapists. Patients can undergo detailed assessments, advanced DBS surgery, and post-operative programming tailored to their specific needs. The clinic aims to improve the quality of life for patients who have not responded to medication alone. With around 15 successful DBS procedures performed in the last two years, Manipal Hospital Sarjapur Road has established itself as a reputable center for DBS treatment.

The DBS Clinic operates on a weekly schedule, every Wednesday, and offers dedicated consultation slots for patients and caregivers. During these sessions, patients can discuss their eligibility for DBS, understand the potential risks and benefits, and clarify their expectations from the surgery. The clinic’s goal is to provide comprehensive care and support to patients, enabling them to make informed decisions about their treatment.

The launch of the DBS Clinic at Manipal Hospital Sarjapur Road marks a significant development in the field of neurology and psychiatry. The clinic’s multidisciplinary approach and state-of-the-art facilities make it an ideal destination for patients seeking advanced care for movement disorders and psychiatric conditions. With its patient-centric approach and commitment to delivering high-quality care, the DBS Clinic is poised to make a positive impact on the lives of patients and their families. By providing a one-stop solution for DBS treatment, the clinic aims to improve patient outcomes and enhance their overall quality of life.

A groundbreaking consensus has been reached among leading experts in neurology and neurosurgery on the optimal referral criteria for Parkinson’s disease patients considered for deep brain stimulation (DBS) surgery. The recommendations, published in the journal npj Parkinson’s Disease, provide a comprehensive framework for refining patient selection, enhancing surgical outcomes, and streamlining multidisciplinary care pathways. Parkinson’s disease affects millions worldwide, and while pharmacological treatments are often the standard of care, they can become insufficient as the disease progresses. DBS offers a neuromodulatory therapeutic avenue that targets specific brain circuits to alleviate symptoms, but it is not a one-size-fits-all solution, making the selection process critical.

The consensus arises from a rigorous synthesis of cutting-edge clinical research, expert clinical experience, and patient-centered considerations. The recommendations emphasize tailoring decisions to individual symptomatology, disease stage, cognitive status, and comorbidities, moving beyond arbitrary timelines or single symptom thresholds. Early identification of DBS candidates is essential for improving long-term functional outcomes, and the consensus advocates for proactive screening within specialized Parkinson’s centers. The guidelines also highlight the importance of refining preoperative evaluation protocols, including multimodal imaging techniques and wearable sensor data, to optimize patient candidacy assessment.

The consensus framework advocates for a multidisciplinary care team approach, including neurologists, neurosurgeons, neuropsychologists, nurses, physical therapists, and social workers. This team-based model facilitates holistic management, encompassing medication adjustments, neurostimulation parameter optimization, rehabilitation, and psychosocial support. The practical implications of this consensus extend to healthcare systems and policy makers, with recommendations for standardizing referral criteria and care pathways to reduce variability in access and outcomes.

The guidelines also emphasize the importance of ongoing education for community neurologists and primary care providers, who frequently serve as gatekeepers. The consensus acknowledges emerging innovations, such as closed-loop DBS systems and adaptive neurostimulation, and calls for ongoing research to define indications and timing for next-generation devices. The guidelines emphasize ethical considerations related to informed consent and decision-making autonomy, advocating transparent communication about expected benefits, risks, and uncertainties.

In conclusion, the consensus expert recommendations provide a refined, evidence-based roadmap for referring Parkinson’s disease patients for DBS surgery, integrating advanced neuroscience with patient-centered care. The guidelines seek to optimize therapeutic outcomes, reduce health disparities, and stimulate innovation in the evolving field of neurostimulation. With over a dozen global Parkinson’s centers participating in the expert panel, the consensus embodies a truly international effort grounded in deep clinical expertise and scientific rigor, setting the stage for improved patient outcomes and enriched understanding of Parkinson’s disease neurobiology.

As the NFL season comes to a close, teams are already looking ahead to the offseason and preparing for free agency. A recent list has identified the top 40 free agents, and surprisingly, two defensive backs from the Kansas City Chiefs have made the cut. The list highlights the top players who are set to become free agents, and it’s no surprise that the Chiefs’ defensive backs are among them.

The two Chiefs DBs who made the list are Juan Thornhill and Andrew Wylie. Thornhill, a safety, has been a key player for the Chiefs’ secondary, known for his athleticism and ball-hawking skills. Wylie, a cornerback, has also been a valuable contributor to the team’s defense, providing depth and versatility. Both players have been instrumental in the Chiefs’ success, and their potential departure could leave a significant gap in the team’s defense.

The list of top 40 free agents is dominated by offensive players, with 24 of the top 40 spots going to players on that side of the ball. However, the inclusion of Thornhill and Wylie highlights the importance of defensive players in the NFL. The Chiefs will likely try to retain both players, but they may face competition from other teams looking to bolster their defenses.

The free agency period is set to begin in March, and teams will have the opportunity to sign players to new contracts. The Chiefs will need to decide whether to prioritize re-signing Thornhill and Wylie or pursue other options in free agency. The team’s front office will have to weigh the costs and benefits of keeping the two defensive backs, considering factors such as salary cap space and the team’s overall needs.

The inclusion of Thornhill and Wylie on the list of top 40 free agents is a testament to the Chiefs’ strong roster and the team’s ability to develop talent. The Chiefs have a reputation for identifying and developing young players, and the success of Thornhill and Wylie is a prime example of this. As the team looks to the future, they will need to balance their desire to retain key players with the need to manage the salary cap and build a competitive roster. With the free agency period just around the corner, the Chiefs and their fans will be watching closely to see what the future holds for Thornhill and Wylie.

DBS Bank Ltd has released a report on S-REITs (Singapore Real Estate Investment Trusts), predicting a multi-year earnings upgrade cycle from 2026 to 2027. The report cites lower interest rates as a key driver, with refinancing tailwinds expected to boost distributions per unit (DPUs). The sector is anticipated to experience a rotation in preferences, with Office, Industrial, Retail, and Hotels ranked in that order. Grade A office and industrial/logistics/data centers are expected to show the strongest upside due to supply scarcity and robust demand.

The report notes that valuations remain attractive, with a price-to-book ratio of 0.9x and a forecasted yield of 5.7% for FY26F. This presents a 3.7% spread over the 10-year bond yield, making it a compelling re-entry point for investors. Lower interest rates have also led to a resurgence in acquisition activities, with S-REITs pursuing accretive deals in Singapore and developed markets.

DBS Bank Ltd’s top picks for 2026 include CICT, MLT, CLAR, PREIT, and mid-cap names like LREIT, CAREIT, NTTDCR, and CLAS. These S-REITs are expected to benefit from liquidity uplift and clear catalysts. However, the report also highlights key risks, including a more hawkish Federal Reserve and potential global recession, which could reverse the positive interest rate environment.

The report is positive on the sector outlook, citing historical data that shows positive 12-month returns for S-REITs at current valuation levels. Additionally, MAS initiatives to improve market liquidity and narrow yield gaps between large-cap and mid-cap REITs are expected to be additional catalysts. Overall, the report suggests that S-REITs are poised for a strong performance in 2026, driven by favorable interest rates and fundamentals. Clients of DBS Bank Ltd can access the full report on the bank’s website.

According to Taimur Baig, Managing Director and Chief Economist at DBS Group, India’s equity markets may have appeared lackluster in 2025, but the groundwork has been laid for a stronger 2026. Baig believes that the economy is setting up for faster growth and healthier earnings, with a longer-term view showing a more optimistic outlook. Despite weak equity returns, the capital market activity in 2025 was stronger in terms of per-deal revenue, which is a more important indicator of future earnings.

Baig expects India’s nominal GDP growth to rise to 10% in 2026, up from 9.2% in 2025, which could translate into double-digit corporate earnings growth by 2026-27. Financial companies are expected to be among the biggest beneficiaries as borrowing sentiment improves and net interest margins expand. However, global uncertainty, particularly the United States, remains a key challenge. Baig emphasizes the need for India to diversify away from overdependence on the US market and explore other regions such as the Middle East, Europe, and East Asia for exports, technology sourcing, and deal-making.

Baig also sees non-US regions becoming increasingly important for Indian businesses, with the Middle East, Europe, and East Asia emerging as key partners. He notes that Indian venture capitalists and industrialists are actively scouting opportunities in markets such as Seoul and Tokyo. On foreign private equity exits from India, Baig takes a contrarian view, seeing them as evidence of market maturity and a sign that patient capital is being rewarded.

Furthermore, Baig highlights the rise of cutting-edge technology coming out of China, citing breakthroughs in drug discovery, gene therapy, and protein folding. He believes that geopolitical constraints on China’s engagement with the US could make it a more open and competitive partner for India, leading to better terms for technology transfer and joint ventures. This could add another structural tailwind to India’s medium-term growth story. Overall, Baig’s outlook for India’s economy and equity markets is optimistic, with a focus on the underlying economic momentum and the potential for faster growth and healthier earnings in the coming years.

KIMS Hospitals in Thane has introduced Deep Brain Stimulation (DBS) surgery for the treatment of advanced Parkinson’s disease. This innovative procedure aims to provide relief to patients suffering from severe symptoms of the disease. Parkinson’s disease is a neurodegenerative disorder that affects movement, causing symptoms such as tremors, stiffness, and difficulty with balance and coordination.

DBS surgery involves implanting a small device called a neurostimulator in the brain, which delivers electrical impulses to specific areas of the brain that control movement. This helps to regulate abnormal brain activity and alleviate symptoms of Parkinson’s disease. The procedure is typically recommended for patients who have not responded well to medication or have experienced significant side effects from medication.

The introduction of DBS surgery at KIMS Hospitals in Thane marks a significant milestone in the treatment of Parkinson’s disease in the region. The hospital’s team of expert neurosurgeons and neurologists have undergone extensive training in DBS surgery and have access to state-of-the-art equipment and facilities. Patients undergoing DBS surgery at KIMS Hospitals can expect to receive personalized care and attention from a multidisciplinary team of healthcare professionals.

The benefits of DBS surgery for Parkinson’s disease are numerous. The procedure has been shown to significantly improve motor symptoms, reduce medication side effects, and enhance quality of life. Patients who have undergone DBS surgery have reported improved mobility, reduced tremors, and increased independence. Additionally, DBS surgery can help reduce the risk of complications associated with long-term medication use, such as dyskinesia and motor fluctuations.

The introduction of DBS surgery at KIMS Hospitals in Thane is expected to benefit a large number of patients suffering from advanced Parkinson’s disease in the region. The hospital’s commitment to providing cutting-edge medical technology and expert care makes it an ideal destination for patients seeking effective treatment for this debilitating disease. With the availability of DBS surgery, patients in Thane and surrounding areas can now access a new and innovative treatment option that has the potential to significantly improve their quality of life.

The Children and Families Agency in Japan has finalized guidelines for a child-protection system, similar to Britain’s Disclosure and Barring Service (DBS), which will enable employers to check the sex crime records of prospective teachers and care workers. The system, set to take effect in December 2026, aims to prevent sex offenders from working with children. The guidelines clarify the types of businesses that are obliged to use the system, including schools, certified child day care centers, and kindergartens, as well as those that can use it voluntarily, such as unlicensed nursery facilities, cram schools, and sports clubs.

The system will allow employers to retract job offers or reassign workers to non-children tasks if they have a history of sex crimes. Businesses will be required to take measures to detect harm to children, investigate incidents, and manage the information acquired. The guidelines also specify that businesses cannot check for sex crimes if 20 years have elapsed since the completion of the custodial sentence, and only certain types of crimes, such as non-consensual sexual intercourse and child prostitution, can be checked.

The guidelines provide boundaries for businesses in the voluntary category, including teaching children, having multiple instructors, and continuing activities with the same child for more than six months. Individual babysitters and private tutors can be checked if they are dispatched by job-placement agencies, and school bus drivers can be checked if they work alone without attendant staff. The guidelines also outline actions that can be considered inappropriate behavior, such as unnecessary trips alone with a child or exchanging contact information for private conversations.

To ensure the effectiveness of the system, the guidelines recommend the use of security cameras for early detection of misconduct or as a deterrent. The agency encourages operators and parents to discuss the installation of such cameras. The introduction of the DBS system in Japan is a significant step towards protecting children from sex offenders and ensuring their safety in various settings. The guidelines provide a clear framework for businesses to follow, and the system is expected to take effect in December 2026.

The article from FinanceFeeds explores the safety and security of DBS Crypto Wallet for institutional and high-net-worth investors. DBS, a Singapore-based bank, launched its cryptocurrency trading platform, DBS Digital Exchange, in 2020, which includes a crypto wallet for storing and managing digital assets. The platform is designed to provide a secure and reliable way for institutional and high-net-worth investors to trade and store cryptocurrencies.

To assess the safety of DBS Crypto Wallet, the article highlights several key factors:

1. Regulatory compliance: DBS is a licensed and regulated bank in Singapore, which provides an additional layer of security and trust. The bank is subject to strict regulatory requirements and guidelines, ensuring that it maintains high standards of security and risk management.
2. Security measures: DBS Crypto Wallet employs robust security measures, including multi-layered encryption, secure key management, and strict access controls. The platform also uses cold storage solutions to store the majority of its assets, reducing the risk of hacking and unauthorized access.
3. Insurance coverage: DBS provides insurance coverage for its crypto assets, which protects investors against losses due to theft, hacking, or other security breaches.
4. Auditing and compliance: DBS undergoes regular audits and compliance checks to ensure that its crypto platform and wallet meet the required standards of security and risk management.
5. Institutional-grade infrastructure: DBS Crypto Wallet is built on institutional-grade infrastructure, which provides a high level of scalability, reliability, and performance.

The article concludes that DBS Crypto Wallet is a safe and secure option for institutional and high-net-worth investors. The platform’s robust security measures, regulatory compliance, and insurance coverage provide a high level of protection for investors’ assets. Additionally, DBS’s reputation as a trusted and established financial institution adds to the platform’s credibility and reliability.

However, the article also notes that investing in cryptocurrencies carries inherent risks, and investors should always conduct their own research and due diligence before investing. Furthermore, the article suggests that investors should consider factors such as market volatility, liquidity, and regulatory changes when investing in cryptocurrencies.

Overall, DBS Crypto Wallet appears to be a secure and reliable option for institutional and high-net-worth investors looking to trade and store cryptocurrencies. The platform’s robust security measures, regulatory compliance, and insurance coverage provide a high level of protection for investors’ assets, making it an attractive option for those looking to invest in the cryptocurrency market.

Crypto.com, a leading cryptocurrency platform, has announced an expansion of its partnership with DBS Bank, the largest bank in Southeast Asia. The collaboration aims to enhance the deposit and withdrawal options for Crypto.com users in Singapore, allowing them to transfer SGD and USD more easily and efficiently. This partnership is a significant development for Crypto.com, as Singapore is the company’s headquarters and a critical hub for its growth strategy.

Through this partnership, Crypto.com users in Singapore will be able to use unique virtual accounts to deposit and withdraw SGD and USD, making transactions faster and more convenient. The new deposit and withdrawal capabilities are designed to strengthen Crypto.com’s regulated fiat payment offering, simplify access to its products and services for local users, and advance crypto adoption across Asia.

The partnership is also significant because it operates under the regulatory framework of the Monetary Authority of Singapore (MAS), ensuring that all transactions are secure and compliant with local regulations. According to Karl Mohan, EVP of Financial Services at Crypto.com, the new capabilities will enhance the overall user experience and provide a more seamless way for users to engage with the platform.

Chin Tah Ang, General Manager Singapore at Crypto.com, noted that working with DBS allows the company to expand its provision of seamless SGD and USD transfers for its users. This partnership is a testament to Crypto.com’s commitment to providing innovative and user-friendly services to its customers, while also ensuring regulatory compliance.

Overall, the expanded partnership between Crypto.com and DBS Bank is a positive development for the cryptocurrency industry in Singapore, and is expected to contribute to the growth of crypto adoption in the region. With its enhanced fiat payment capabilities, Crypto.com is well-positioned to continue to innovate and expand its services, providing a more seamless and convenient experience for its users.

The Anudip Foundation, in partnership with DBS Bank India, has launched a DeepTech Training Centre in Maharashtra. This initiative aims to equip underprivileged youth with skills in emerging technologies such as artificial intelligence, data science, and cybersecurity. The centre will provide training and employment opportunities to young individuals from marginalized communities, enabling them to secure better-paying jobs and improve their socio-economic status.

The DeepTech Training Centre is part of the Anudip Foundation’s efforts to bridge the skills gap in the technology industry. The foundation has been working towards empowering underprivileged youth by providing them with market-relevant skills and connecting them with potential employers. DBS Bank India’s support for this initiative is a testament to the bank’s commitment to giving back to the community and promoting digital inclusion.

The training centre will offer a range of programs, including certification courses in AI, data science, and cybersecurity. The curriculum will be designed to provide hands-on experience and practical skills, enabling students to apply their knowledge in real-world scenarios. The centre will also provide mentorship and career guidance to students, helping them to navigate the job market and secure employment.

The partnership between Anudip Foundation and DBS Bank India is expected to have a significant impact on the lives of underprivileged youth in Maharashtra. By providing access to quality education and training, the initiative will help to reduce unemployment and promote economic growth in the region. The centre will also contribute to the development of a skilled workforce, which is essential for India’s growing technology industry.

The launch of the DeepTech Training Centre is a significant milestone in the Anudip Foundation’s mission to empower underprivileged youth. With the support of DBS Bank India, the foundation is well-positioned to make a positive impact on the lives of thousands of young individuals. The initiative is a shining example of how partnerships between non-profit organizations and corporates can drive social change and promote economic development.

In conclusion, the Anudip Foundation and DBS Bank India’s DeepTech Training Centre is a groundbreaking initiative that has the potential to transform the lives of underprivileged youth in Maharashtra. By providing access to quality education and training in emerging technologies, the centre will help to bridge the skills gap and promote economic growth in the region. The partnership is a testament to the power of collaboration and social responsibility, and is expected to have a lasting impact on the community.

According to DBS Bank, the trend of diversification away from the US is gaining momentum. This shift is driven by various factors, including the ongoing trade tensions, rising protectionism, and the increasing attractiveness of alternative markets. As a result, investors and businesses are looking beyond the US to expand their portfolios and operations.

One of the primary drivers of this trend is the trade war between the US and China. The ongoing tensions have led to increased uncertainty and volatility, causing investors to seek more stable and predictable environments. Additionally, the rising protectionism in the US, exemplified by the “America First” policy, has made it less attractive for foreign investors.

In contrast, other regions, such as Asia, are becoming increasingly appealing. The region’s growing economies, large consumer markets, and favorable business environments are attracting investors and businesses. Countries like China, India, and Southeast Asia are experiencing rapid growth, driven by urbanization, digitalization, and innovation.

DBS Bank notes that this diversification trend is not limited to trade and investment. It is also evident in the financial sector, where investors are seeking alternative currencies and assets to the US dollar. The bank expects this trend to continue, driven by the growing economic influence of emerging markets and the increasing importance of regional trade agreements.

The bank’s analysis suggests that the diversification away from the US is a long-term trend, driven by fundamental shifts in the global economy. As the world becomes more interconnected, investors and businesses are recognizing the opportunities and benefits of expanding beyond traditional markets. The trend is expected to have significant implications for global trade, investment, and economic growth.

In conclusion, DBS Bank’s assessment highlights the accelerating trend of diversification away from the US. Driven by trade tensions, rising protectionism, and the attractiveness of alternative markets, investors and businesses are seeking opportunities beyond the US. As the global economy continues to evolve, this trend is likely to have far-reaching implications for trade, investment, and economic growth. The shift towards more diversified portfolios and operations is expected to benefit emerging markets, particularly in Asia, and contribute to a more multipolar global economy.

Singapore is facing a scam epidemic, with billions of dollars lost since 2020. However, there are frontline heroes who are fighting against these scams and protecting vulnerable customers. One such hero is Fionice Teoh, a pregnant DBS banker who foiled a $200,000 scam. Teoh, who was 38 weeks pregnant at the time, noticed that an elderly woman was constantly on her phone, following instructions from unknown parties. She became suspicious and delayed the withdrawal, alerting DBS’s anti-scam team.

The woman had been manipulated into believing that her cash needed to be “examined” for money laundering and was being controlled by scammers who were impersonating officials. Despite the woman’s initial hostility and frustration, Teoh’s persistence bought time for the authorities to intervene. It was later discovered that the victim had already withdrawn $12,000 elsewhere. The scammers had been exploiting the woman’s fear and trust in authority, pressuring her into secrecy and controlling her every move.

The scale of the scam problem in Singapore is staggering, with more than $4 billion lost since 2020. Impersonation scams alone have drained $151.3 million in 2024. The authorities have responded with harsher penalties, including caning, to deter offenders. However, laws alone cannot stop scams, and frontline vigilance is crucial in preventing these crimes. Bank tellers and staff like Teoh play a vital role in detecting and preventing scams, often putting themselves in difficult situations and facing hostility from victims who are confused and distrustful.

Teoh’s intervention saved the woman’s life savings, and the victim later returned to thank her with chocolates. This small gesture highlights the human cost of scams and the quiet heroism of those who stop them. Teoh’s bravery and quick thinking are an inspiration, and her story underscores the importance of frontline staff in the fight against scams. Her actions demonstrate that even in the face of hostility and adversity, one person can make a difference and prevent a scam from succeeding.

A remarkable story of vigilance and dedication to protecting vulnerable individuals from scams has emerged from Singapore. On December 24, 2024, a 70-year-old woman visited the DBS Century Square branch, demanding to withdraw $190,000 in cash. The woman, who was being coached by a scammer over the phone, became agitated and verbally abusive when the bank refused to allow the withdrawal due to suspicions of a scam.

Assistant service manager Fionice Teoh, who was 38 weeks pregnant at the time, calmly and professionally handled the situation, despite the woman’s abuse. Teoh alerted the bank’s anti-scam team, and after two hours of convincing, the woman finally left the bank. The police’s Anti-Scam Centre was contacted, and Deputy Superintendent Benedict Ng visited the woman’s home, discovering that she had already withdrawn $12,000 from another branch and was about to hand it over to the scammers.

The scammers had convinced the woman that they were banking personnel and law enforcement officers, and that they needed to examine her cash as part of a money laundering investigation. Ng spent an hour convincing the woman that it was a scam, and she was relieved to learn the truth. Thanks to the quick thinking and actions of Teoh and Ng, the woman avoided losing over $200,000 of her life savings.

This incident highlights the importance of vigilance and education in preventing scams. Since 2020, victims in Singapore have lost about $4 billion to scams, with 1,504 cases of government official impersonation scams reported in 2024 alone. Laws have been passed to cane scammers, and banks are continually fine-tuning their safeguards to protect customers. The public is advised to add security features like the ScamShield app, verify the identity of callers or senders, and lodge police reports in case of suspected scams. As Ng noted, every successful intervention means a family keeps their savings, or someone’s future remains secure.

In a remarkable display of dedication and quick thinking, a pregnant bank employee in Singapore, Fionice Teoh, helped prevent a 70-year-old woman from losing over $200,000 to a scam. The incident occurred on December 24, 2024, when the woman, who was being coached by a scammer over the phone, attempted to withdraw $190,000 in cash from a DBS bank branch. Teoh, who was 38 weeks pregnant and on one of her final shifts before maternity leave, suspected that the woman was a scam victim and alerted the bank’s anti-scam team.

Despite being verbally abused by the woman for almost two hours, Teoh remained calm and professional, reminding herself that her job was not just about transactions, but also about protecting vulnerable customers. The woman’s behavior raised several red flags, including her agitation, inconsistent stories, and refusal to make eye contact. Teoh suggested that the woman return the next day, buying time for the bank’s anti-scam team and the authorities to intervene.

Deputy Superintendent Benedict Ng from the police’s Anti-Scam Centre visited the woman’s home that night and discovered that she had already withdrawn $12,000 from another branch and was about to hand it over to the scammers. The scammers had convinced her that they were banking personnel and law enforcement officers, and that they needed to examine her cash as part of a money laundering investigation. Ng spent about an hour convincing the woman that she was a victim of a scam, and she was eventually relieved to learn the truth.

The incident highlights the importance of vigilance and quick action in preventing scams. Teoh and Ng’s efforts helped the woman avoid losing her life savings, and she later returned to the bank to thank them with a bag of chocolates. The case also underscores the need for the public to be aware of the dangers of scams and to take steps to protect themselves, such as using security features like the ScamShield app and verifying the identity of callers or senders.

In Singapore, scams have resulted in losses of over $4 billion since 2020, with government official impersonation scams being a common type of scam. Laws have been passed to cane scammers, with a maximum of 24 strokes depending on the severity of the offence. Banks and financial institutions are also working to strengthen their defenses and enhance their security tools to empower customers to bank safely and with confidence.

DBS, Singapore’s largest bank, has been recognized as the Global Bank of the Year by The Banker, a publication of the Financial Times. This marks the third time DBS has received this award, having previously won in 2018 and 2021. In addition to the global award, DBS also received several regional and category-specific awards, including Asia Bank of the Year, Singapore Bank of the Year, Asia-Pacific Investment Bank of the Year, and Investment Bank of the Year for Financial Institutions Group.

The awards given by The Banker are based on an assessment of financial institutions’ financial performances, technological innovation, sustainability initiatives, and service to clients. DBS’ noteworthy investment in artificial intelligence to protect customers from financial scams was particularly highlighted by Silvia Pavoni, editor-in-chief of The Banker. The bank’s efforts to train its staff to adopt new technology were also recognized.

DBS CEO Tan Su Shan expressed her appreciation for the award, stating that it is a testament to the bank’s continued leadership and impact globally. However, she also emphasized that DBS will remain committed to pushing boundaries and embracing new technologies and sustainable practices to shape the future of banking. The bank’s commitment to innovation and customer service has been a key factor in its success, and it continues to be a leader in the financial industry.

The recognition received by DBS is a reflection of its strong financial performance, innovative approach to technology, and dedication to sustainability. The bank’s use of artificial intelligence to protect customers from financial scams is a notable example of its commitment to innovation and customer service. As DBS continues to grow and evolve, it is likely to remain a major player in the global banking industry. With its strong leadership and commitment to innovation, DBS is well-positioned to shape the future of banking and continue to make a positive impact on the industry.

DBS Bank has signed a memorandum of understanding (MOU) with the Korean Ocean Business Corporation (KOBC) to support the expansion of Korea’s maritime firms into Asia. The partnership aims to provide Korean shipping and offshore companies with access to DBS’ extensive network and expertise in the region, helping them to tap into new markets and opportunities.

Under the MOU, DBS and KOBC will work together to provide a range of services, including financing, trade finance, and cash management solutions, to Korean maritime companies looking to expand their operations in Asia. The partnership will also facilitate the sharing of market insights and industry expertise, enabling Korean firms to better navigate the complexities of the Asian market.

The MOU is expected to benefit Korean shipping and offshore companies, which have been facing increasing competition and margin pressures in recent years. By partnering with DBS, these companies will be able to leverage the bank’s extensive network and expertise in Asia to identify new business opportunities, manage risks, and improve their competitiveness.

DBS’ involvement in the partnership is part of its strategy to strengthen its presence in the maritime sector, which is a key industry in Asia. The bank has a long history of supporting maritime companies in the region and has a deep understanding of the industry’s unique needs and challenges.

The partnership with KOBC is also expected to contribute to the growth of trade and investment between Korea and other Asian countries. By facilitating the expansion of Korean maritime firms into the region, the MOU is likely to increase trade volumes and promote economic cooperation between Korea and other Asian nations.

Overall, the MOU between DBS and KOBC is a significant development for Korea’s maritime industry, providing companies with the support and expertise they need to succeed in the competitive Asian market. With DBS’ extensive network and expertise, Korean shipping and offshore companies will be well-positioned to capitalize on new opportunities and drive growth in the region. The partnership is a testament to the importance of collaboration and cooperation in promoting economic growth and development in Asia.

The USD/JPY exchange rate remains sensitive to monetary policy divergence, with market expectations shifting towards a potential Federal Reserve (Fed) rate cut on December 10 and a Bank of Japan (BOJ) interest rate hike on December 19. This development is expected to support Tokyo’s efforts to stabilize the Japanese Yen (JPY). The BOJ is closely monitoring inflation, as the weak JPY has sparked market attention, and Governor Kazuo Ueda is becoming less concerned about the impact of tariffs.

Meanwhile, the market is awaiting US President Donald Trump’s announcement on the next Fed Chair, with Kevin Hassett emerging as a credible and Senate-confirmable candidate. Hassett is considered market-friendly and may shift policy expectations away from current Fed Chair Jerome Powell. US Treasury Secretary Scott Bessent has indicated that Trump may announce his Fed Chair pick before Christmas, which could have significant implications for monetary policy.

The potential for a Fed rate cut and a BOJ hike has gained traction, with markets firming up their bets on these outcomes. This has provided more credibility to Tokyo’s intentions to stabilize the JPY, which has been under pressure due to the weak currency. The BOJ’s focus on inflation is also driven by the weak JPY, which could boost inflation and support the economy.

Overall, the USD/JPY exchange rate is expected to remain volatile in the coming weeks, driven by monetary policy divergence and the uncertainty surrounding the next Fed Chair. The market will be closely watching Trump’s announcement and the subsequent reaction of the Fed and the BOJ. With the potential for a shift in monetary policy, investors will need to be cautious and adapt to the changing landscape. The next few weeks will be crucial in determining the direction of the USD/JPY exchange rate and the overall outlook for the global economy.

The US dollar is expected to experience weakness in the final month of the year due to market anticipation of a Federal Reserve interest rate cut. The Fed’s Federal Open Market Committee (FOMC) is set to meet on December 10, and analysts believe that a rate cut is likely. This expectation is driven by a softening labor market, weaker demand, and tightening credit conditions.

Recent comments from US Labor Secretary Lori Chavez-DeRemer and Fed Presidents John Williams and Mary Daly suggest that the risks associated with a slowing labor market outweigh the need to maintain high interest rates. As a result, the market is heavily pricing in a rate cut, which is putting pressure on the US dollar.

Additionally, the Fed is scheduled to end its quantitative tightening program on December 1. This program, which involves allowing maturing securities to roll off the Fed’s balance sheet, has been in place for some time. However, the Fed will now begin reinvesting the proceeds from maturing securities, rather than allowing them to roll off. This change in policy is also expected to contribute to a weaker US dollar.

The combination of a potential rate cut and the end of quantitative tightening is likely to weigh on the US dollar in the short term. As a result, the currency is expected to experience weakness in the lead-up to the FOMC meeting and potentially beyond. Overall, the market is positioning for a dovish pivot from the Fed, which is likely to have significant implications for the US dollar and other financial markets. With the year coming to a close, the US dollar’s performance will be closely watched by investors and traders, who will be looking for any signs of a shift in the Fed’s monetary policy stance.

Temasek Holdings, Singapore’s sovereign wealth fund, has appointed Piyush Gupta, the former CEO of DBS Bank, as its non-executive Chairman for India, effective December 1, 2025. This strategic move aims to deepen Temasek’s presence in India and strengthen its ties with Indian stakeholders in government and industry. Gupta will work alongside Ravi Lambah, Temasek’s Head of India and Strategic Initiatives, to shape long-term investment strategies in India, offer strategic support to Temasek’s portfolio companies, and enhance government and business engagement in India.

Gupta, 65, is a proven leader with deep regional experience, having led DBS Group from 2009 to 2025. During his tenure, he oversaw a comprehensive digital transformation of DBS Bank, expanded the bank’s presence across Asia-Pacific, and earned global recognition for DBS as one of the world’s leading digital banks. His leadership acumen, understanding of the Indian market, and credibility in financial and governmental circles are expected to bring strategic depth to Temasek’s India operations.

Temasek sees India as a critical growth market and has significantly increased its investment in Indian enterprises, focusing on financial services, technology and digital infrastructure, healthcare and pharmaceuticals, consumer goods, and clean energy and logistics. India’s strong post-pandemic economic rebound and structural reforms have attracted growing interest from global funds like Temasek, which aims to position itself as a long-term partner in India’s development. Gupta’s appointment signals Temasek’s commitment to high-level strategic advisory and region-specific expertise, and his role will be crucial in shaping the firm’s India-focused investment strategy.

With Gupta’s expertise and Temasek’s growing portfolio in India, the firm is well-positioned to capitalize on the country’s growth opportunities. Temasek’s investment strategy in India is focused on long-term growth, and the firm aims to work closely with Indian stakeholders to support the country’s development. Gupta’s appointment is a significant milestone in Temasek’s India strategy, and his leadership is expected to play a key role in shaping the firm’s future growth in the region. Overall, Temasek’s move to appoint Gupta as its non-executive Chairman for India reflects its commitment to deepening its presence in the country and supporting India’s long-term growth and development.

DBS is welcoming its second cohort of Pandejpong Awards Scholars, demonstrating the bank’s commitment to excellence and supporting the next generation of leaders. The Pandejpong Awards is a prestigious scholarship program that recognizes and rewards outstanding students who have achieved academic excellence and demonstrated exceptional leadership potential.

The program is designed to provide financial support and mentorship to talented individuals, enabling them to pursue their academic and professional goals without financial constraints. DBS, a leading financial services group, has partnered with the Pandejpong Foundation to offer this scholarship, which is named after the late Pandejpong, a renowned Thai businessman and philanthropist.

The second cohort of scholars consists of high-achieving students from various academic disciplines, including business, engineering, and humanities. These scholars have demonstrated exceptional academic performance, leadership skills, and a strong commitment to making a positive impact in their communities.

DBS’s commitment to the Pandejpong Awards Scholars program reflects the bank’s values of excellence, innovation, and community engagement. By supporting these talented individuals, DBS aims to empower the next generation of leaders to drive positive change and make a meaningful difference in the world.

The scholarship program provides more than just financial support; it also offers mentorship, networking opportunities, and access to DBS’s extensive resources and expertise. Scholars will have the opportunity to engage with DBS’s senior leaders, learn from industry experts, and gain valuable insights into the banking and finance sector.

DBS’s partnership with the Pandejpong Foundation is a testament to the bank’s dedication to corporate social responsibility and its commitment to giving back to the community. By investing in the education and development of talented individuals, DBS is helping to create a more sustainable and equitable future for all.

The Pandejpong Awards Scholars program is a highly competitive and prestigious initiative that attracts top talent from across the region. DBS is proud to be a part of this program, and the bank looks forward to supporting the academic and professional journeys of these exceptional individuals. With the second cohort of scholars on board, DBS is reaffirming its commitment to excellence and its role as a responsible and caring corporate citizen.

On November 24, 2025, Allen & Gledhill advised DBS Bank Ltd. on the establishment of a S$500 million multicurrency medium term note programme. The programme included the issue of S$70 million and S$30 million 5% notes due 2028 by MoneyMax Treasure Pte. Ltd. These notes are guaranteed by MoneyMax Financial Services Ltd. DBS was appointed as the arranger and sole dealer of the programme, as well as the sole dealer for the issue of the notes.

A separate team from Allen & Gledhill advised The Bank of New York Mellon’s Singapore, London, and Dublin branches. The Bank of New York Mellon, Singapore Branch, was appointed trustee of the programme and will handle various tasks such as issuing and paying agent, calculation agent, transfer agent, and registrar for the Central Depository system. The London and Dublin branches were appointed to handle non-Central Depository tasks.

The Allen & Gledhill team advising DBS consisted of Partners Margaret Chin and Sunit Chhabra. Meanwhile, Partner Daselin Ang advised The Bank of New York Mellon’s branches. This deal highlights the involvement of prominent financial institutions and law firms in the establishment of a significant medium term note programme.

The notes issued under this programme have a fixed interest rate of 5% and are due to mature in 2028. The guarantee by MoneyMax Financial Services Ltd provides an additional layer of security for the investors. The appointment of DBS as the arranger and sole dealer, as well as the involvement of The Bank of New York Mellon’s branches, demonstrates the confidence of these institutions in the programme.

The advice provided by Allen & Gledhill to both DBS and The Bank of New York Mellon’s branches showcases the law firm’s expertise in handling complex financial transactions. The firm’s ability to advise on multiple aspects of the deal, from the establishment of the programme to the issue of the notes, highlights its comprehensive capabilities in the financial sector. Overall, this deal represents a significant development in the financial market, with prominent institutions coming together to establish a substantial medium term note programme.

Apollo Hospitals, Greams Lane, has launched Tamil Nadu’s first Centre of Excellence for Parkinson’s and Deep Brain Stimulation (DBS) care. This state-of-the-art facility aims to provide comprehensive and advanced treatment options for patients with Parkinson’s disease and other movement disorders. The centre is equipped with cutting-edge technology and staffed by a team of expert neurologists, neurosurgeons, and other healthcare professionals.

The Centre of Excellence will offer a range of services, including diagnosis, treatment, and management of Parkinson’s disease, as well as other movement disorders such as dystonia, essential tremor, and obsessive-compulsive disorder. The centre will also provide DBS therapy, a minimally invasive surgical procedure that involves implanting a device that sends electrical impulses to specific areas of the brain to help control symptoms.

The launch of this centre is a significant milestone in the treatment of Parkinson’s disease in Tamil Nadu, as it will provide patients with access to world-class care and treatment options that were previously unavailable in the state. The centre will also serve as a hub for research and education, with a focus on advancing the understanding and treatment of Parkinson’s disease and other movement disorders.

The Centre of Excellence is equipped with advanced technology, including a dedicated DBS operating room, a movement disorder clinic, and a rehabilitation unit. The centre will also offer a range of support services, including patient education, counseling, and support groups.

The team of experts at the centre includes neurologists, neurosurgeons, rehabilitation specialists, and other healthcare professionals who have extensive experience in the treatment of Parkinson’s disease and other movement disorders. The centre will also collaborate with international experts and institutions to stay updated on the latest advancements in the field.

The launch of the Centre of Excellence for Parkinson’s and DBS care at Apollo Hospitals, Greams Lane, is a significant step forward in the treatment of Parkinson’s disease in Tamil Nadu. With its advanced technology, expert team, and comprehensive range of services, the centre is poised to provide world-class care to patients with Parkinson’s disease and other movement disorders, and to improve the quality of life for those affected by these conditions. The centre is expected to become a leading destination for patients seeking treatment for Parkinson’s disease and other movement disorders in the region.

DBS analysts have released a positive economic outlook for Asia in 2026, predicting that the region’s currencies will regain stability and economic growth will only be marginally lower. This optimism is due to the US trade restrictions not being as severe as initially anticipated, allowing countries to adapt and find alternative trade paths. As a result, countries such as Malaysia, Singapore, and Vietnam are experiencing record foreign direct investment. The report notes that while the US tariffs have had some impact, they have not drastically affected demand from US consumers, and most Asian countries have actually increased exports to the US.

The US shift away from multilateralism has led to increased engagement between other countries, with new deals being made in areas such as cybersecurity, climate tech, and cross-border payment. The report highlights that the Malaysian ringgit and Thai baht are likely to benefit from interest rate cuts in the US next year. Regional equity markets are expected to be driven by country-specific factors and accommodative monetary policies, with initiatives in Singapore and the Philippines helping to mitigate external uncertainties.

For Singapore specifically, DBS anticipates a slower GDP growth rate of 1.8% in 2026 due to the lagged impact of US tariffs, but expects this to be offset by tech investments and supportive financial conditions. Inflation is predicted to remain below 2%, with the Monetary Authority of Singapore expected to maintain a cautious stance. The Singapore equity market is expected to experience gentler gains in 2026, with the construction sector projected to outperform due to major transport investments and housing development.

Overall, the report suggests that Asia has passed the test of resilience in the face of global trade uncertainty and is poised for stability and growth in 2026. The region’s ability to adapt and find alternative trade paths has helped to mitigate the impact of US tariffs, and country-specific drivers and accommodative monetary policies are expected to support equity markets. As the global economy continues to evolve, Asia is likely to play an increasingly important role, with countries such as Singapore, Malaysia, and Vietnam at the forefront of this growth.

DBS and UnionPay International have launched the SplendorPlus campaign for the DBS Business Card in Nigeria. The campaign aims to provide exclusive benefits and rewards to DBS Business Cardholders who use their cards for transactions with UnionPay International merchants.

As part of the campaign, DBS Business Cardholders will enjoy discounts and rewards at participating merchants, including restaurants, hotels, and retail stores. The campaign is designed to enhance the overall payment experience for business owners and entrepreneurs in Nigeria, providing them with more value and convenience when making transactions.

The partnership between DBS and UnionPay International is expected to drive growth and increase acceptance of the DBS Business Card in Nigeria. UnionPay International has a wide acceptance network in the country, with over 100,000 merchants accepting its cards. The partnership will enable DBS Business Cardholders to enjoy seamless and secure transactions at these merchants.

The SplendorPlus campaign is also expected to boost economic growth in Nigeria by promoting electronic payments and reducing the reliance on cash transactions. The campaign will run for a limited time, and DBS Business Cardholders are encouraged to take advantage of the exclusive benefits and rewards on offer.

To participate in the campaign, DBS Business Cardholders simply need to use their cards for transactions at participating merchants. The discounts and rewards will be automatically applied to their transactions, and they will also receive notifications about the campaign via email and SMS.

DBS and UnionPay International are committed to providing innovative payment solutions to business owners and entrepreneurs in Nigeria. The SplendorPlus campaign is a testament to their commitment to enhancing the payment experience and driving economic growth in the country.

The campaign is expected to have a positive impact on the Nigerian economy, as it will increase the use of electronic payments and reduce the reliance on cash transactions. It will also provide business owners and entrepreneurs with more value and convenience when making transactions, enabling them to focus on growing their businesses.

Overall, the SplendorPlus campaign is a significant development in the Nigerian payment landscape, and it is expected to have a positive impact on the economy and businesses in the country. DBS and UnionPay International are well-positioned to drive growth and innovation in the payment industry, and their partnership is expected to yield significant benefits for business owners and entrepreneurs in Nigeria.

JPMorgan and DBS, two of the world’s leading financial institutions, have announced a strategic partnership to enhance interoperability for tokenized deposits. This groundbreaking collaboration aims to facilitate seamless interactions between different blockchain networks, revolutionizing the way financial institutions interact with tokenized assets.

Tokenized deposits refer to the digital representation of traditional assets, such as cash or securities, on a blockchain network. This innovation has the potential to increase efficiency, reduce costs, and enhance security in various financial transactions. However, the lack of interoperability between different blockchain networks has hindered the widespread adoption of tokenized deposits.

The partnership between JPMorgan and DBS seeks to address this challenge by developing a common standard for tokenized deposits, enabling smooth interactions between different blockchain networks. This will allow financial institutions to transfer tokenized assets across various platforms, promoting greater liquidity and flexibility in the market.

The collaboration will leverage JPMorgan’s blockchain platform, Onyx, and DBS’s digital assets platform, DBS Digital Exchange. Onyx is a blockchain-based platform that enables the creation, transfer, and storage of digital assets, while DBS Digital Exchange is a platform for trading and custodial services for digital assets.

The partnership will focus on several key areas, including:

1. Standardization: Developing common standards for tokenized deposits to ensure seamless interactions between different blockchain networks.
2. Interoperability: Enabling the transfer of tokenized assets between different blockchain platforms, promoting greater liquidity and flexibility.
3. Security: Implementing robust security measures to protect tokenized assets and prevent unauthorized access.
4. Regulatory compliance: Ensuring that the tokenized deposit platform adheres to relevant regulatory requirements and industry standards.

The partnership between JPMorgan and DBS is a significant milestone in the development of tokenized deposits and blockchain technology. By addressing the issue of interoperability, this collaboration has the potential to unlock the full potential of tokenized assets, transforming the way financial institutions interact with digital assets. As the financial industry continues to evolve, this partnership is expected to play a crucial role in shaping the future of tokenized deposits and blockchain-based financial services.

DBS, a leading bank in Asia, has been at the forefront of using technology to help its customers become more savvy savers and investors. With the rise of digital banking, DBS has leveraged technology to provide its customers with innovative solutions to manage their finances more effectively. Here’s how DBS helps its customers become savvier savers and investors:

Digital Banking Platform: DBS’s digital banking platform provides customers with a seamless and intuitive experience to manage their accounts, track their expenses, and set financial goals. The platform offers features such as budgeting tools, transaction tracking, and personalized financial recommendations, empowering customers to take control of their finances.

AI-powered Investment Tools: DBS has introduced AI-powered investment tools that provide customers with data-driven insights and recommendations to make informed investment decisions. These tools analyze market trends, assess risk tolerance, and suggest personalized investment portfolios, enabling customers to make smart investment choices.

Robo-Advisory Services: DBS’s robo-advisory services offer customers a low-cost, automated investment solution that is tailored to their individual financial goals and risk profiles. This service provides customers with a diversified investment portfolio, regular portfolio rebalancing, and real-time monitoring, making investing more accessible and convenient.

Financial Education: DBS provides its customers with access to a range of financial education resources, including online tutorials, webinars, and workshops. These resources aim to enhance customers’ financial literacy, enabling them to make informed decisions about their finances and investments.

Gamification: DBS has introduced gamification elements to its digital banking platform, making saving and investing more engaging and fun. Customers can set financial goals, track their progress, and earn rewards, which motivates them to adopt healthier financial habits.

Partnerships and Collaborations: DBS collaborates with fintech companies, startups, and other industry experts to stay at the forefront of innovation. These partnerships enable DBS to leverage the latest technologies and trends, providing its customers with cutting-edge solutions to manage their finances.

By leveraging technology and innovation, DBS has empowered its customers to become more savvy savers and investors. With its digital banking platform, AI-powered investment tools, robo-advisory services, financial education resources, gamification, and partnerships, DBS has made managing finances more accessible, convenient, and engaging. As a result, customers can make informed decisions, achieve their financial goals, and secure their financial future.

DBS and JP Morgan have announced a collaboration to develop a framework for cross-border tokenised deposit transfers. The project aims to facilitate the transfer of tokenised deposits between the two banks, allowing for faster, cheaper, and more efficient transactions.

The framework will enable the banks to leverage blockchain technology and tokenisation to represent traditional deposits as digital assets, which can then be transferred across borders in a secure and efficient manner. This innovation has the potential to transform the way banks conduct cross-border transactions, reducing the need for intermediaries and increasing the speed of settlement.

The collaboration between DBS and JP Morgan is significant, as it brings together two major banks with extensive experience in digital innovation. DBS has been at the forefront of blockchain adoption, having launched a digital exchange for tokenised assets in 2020. JP Morgan, on the other hand, has developed its own blockchain-based platform, JPM Coin, for cross-border payments.

The development of a cross-border tokenised deposit framework is a major step forward in the adoption of blockchain technology in the banking industry. Traditional cross-border transactions often involve multiple intermediaries, resulting in high costs, long settlement times, and increased risk. By tokenising deposits, banks can reduce the need for intermediaries and increase the speed of settlement, making cross-border transactions faster, cheaper, and more efficient.

The framework will also provide an added layer of security, as transactions will be recorded on a blockchain, making them immutable and tamper-proof. This increased security, combined with the potential for faster and cheaper transactions, is expected to increase the adoption of cross-border tokenised deposit transfers among banks and financial institutions.

The collaboration between DBS and JP Morgan is expected to pave the way for further innovation in the banking industry, as other banks and financial institutions look to adopt similar frameworks for cross-border transactions. As the use of blockchain technology and tokenisation becomes more widespread, we can expect to see significant changes in the way banks conduct cross-border transactions, with increased speed, efficiency, and security.

In conclusion, the development of a cross-border tokenised deposit framework by DBS and JP Morgan is a significant innovation in the banking industry. By leveraging blockchain technology and tokenisation, the two banks aim to facilitate faster, cheaper, and more efficient cross-border transactions, reducing the need for intermediaries and increasing the speed of settlement. As the adoption of blockchain technology and tokenisation continues to grow, we can expect to see major changes in the way banks conduct cross-border transactions.

DBS, a Singapore-based lender, and Kinexys by J.P. Morgan are collaborating to develop an interoperability framework that enables the seamless transfer of tokenized value between their respective on-chain ecosystems, DBS Token Services and Kinexys Digital Payments. The framework aims to facilitate the exchangeability and settlement of tokenized deposits across both public and permissioned blockchains, setting a new standard for the industry. This collaboration will allow clients to conduct cross-bank transactions on-chain, providing them with broader reach and enabling real-time, 24/7 payments across borders.

The proposed framework will establish interoperability highways between the two banks, spanning both public and permissioned blockchain environments. This will enable J.P. Morgan institutional clients to pay DBS institutional clients using J.P. Morgan Deposit Tokens (JPMD) on the Base public blockchain, with the recipient able to exchange or redeem it for equivalent value via DBS Token Services. The goal is to ensure that tokenized deposits across banks and blockchains are fungible and represent the same value, upholding the principle of the singleness of money.

According to Rachel Chew, Group Chief Operating Officer and Head of Digital Currencies at DBS Bank, instant 24/7 payments provide businesses with the optionality, agility, and speed to navigate global uncertainties and capture emerging opportunities. She emphasized that interoperability is critical in reducing fragmentation and ensuring the safe transfer of tokenized money across borders. Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, added that the collaboration is an example of how financial institutions can work together to further the benefits of tokenized deposits for institutional clients while protecting the singleness of money and ensuring interoperability across markets.

The initiative comes amidst accelerated growth in the world of tokenized finance, with commercial banks in nearly one-third of surveyed jurisdictions having launched, piloted, or conducted research on tokenized deposits, according to a 2024 survey by the Bank for International Settlements. Through this collaboration, DBS and Kinexys by J.P. Morgan aim to advance the usability and scalability of tokenized deposits, transforming how global businesses manage their finances while ensuring robust regulatory adherence. The partnership has the potential to pave the way for future collaborations and scale the next generation of financial services for clients.

Franklin Templeton and DBS Bank have partnered to launch Singapore’s first tokenized money market fund, the Franklin Onchain US Dollar Short-Term Money Market fund. The fund has received approval from the Monetary Authority of Singapore (MAS) and is now available to DBS’ wealth clients and accredited investors. Retail access is expected to be available in the first quarter of 2026. The fund uses Franklin Templeton’s proprietary Benji technology platform, which utilizes blockchain-integrated recordkeeping to provide investors with enhanced transparency, improved liquidity, and greater accessibility.

The tokenized fund mirrors the strategy of a Luxembourg-domiciled FTIF Franklin US Dollar Short Term Money Market Fund, which was launched over 30 years ago. Investors can access the MAS-approved fund with a minimum investment sum of $20. The fund’s blockchain technology provides a decentralized, tamper-proof system, ensuring secure and transparent investment tracking. This collaboration between Franklin Templeton and DBS Bank marks a significant milestone in the development of tokenized funds in Singapore, making it easier for investors to access and invest in these funds.

Tariq Ahmad, head of Apac at Franklin Templeton, expressed excitement about the collaboration, citing the growing interest in tokenized funds and digital assets. James Tan, group head of investment products & advisory at DBS Bank, noted that the partnership makes it simpler and more convenient for customers to start investing and build resilience through market cycles. The launch of this tokenized fund is a significant step towards increasing accessibility and transparency in the investment industry.

The partnership between Franklin Templeton and DBS Bank is expected to pave the way for further innovation in the tokenized fund space. With the growing demand for digital assets and tokenized funds, this collaboration is well-timed and has the potential to attract a wide range of investors. The use of blockchain technology and the Benji platform will provide investors with a secure and transparent way to track their investments, making it an attractive option for those looking to diversify their portfolios. Overall, the launch of the Franklin Onchain US Dollar Short-Term Money Market fund is a significant development in the Singaporean investment market.

RHB Research has maintained its “buy” rating for DBS Group Holdings and a “neutral” rating for United Overseas Bank (UOB) following the release of their 3QFY2025 results. This stance contrasts with the calls made by OCBC Investment Research, which had downgraded DBS to “hold” and upgraded UOB to “buy” after the same set of results.

RHB Research cited DBS’s strong 3QFY2025 performance, which saw a 9% year-on-year increase in net profit to SGD 2.24 billion, driven by higher net interest income and non-performing loan (NPL) recoveries. The research house also noted that DBS’s return on equity (ROE) improved to 14.1%, surpassing its long-term target of 12-13%. Additionally, RHB highlighted DBS’s robust capital position, with a common equity tier-1 (CET-1) ratio of 14.1%, providing a buffer against potential risks.

In contrast, RHB maintained its “neutral” rating for UOB, citing the bank’s lower net interest margin (NIM) and higher credit costs compared to DBS. While UOB’s 3QFY2025 net profit rose 6% year-on-year to SGD 1.13 billion, its NIM declined 10 basis points to 1.82%, and its credit costs increased to 23 basis points. RHB also noted that UOB’s ROE of 11.4% was lower than DBS’s, and its CET-1 ratio of 13.4% was slightly below DBS’s.

The differing views between RHB and OCBC Investment Research reflect varying assessments of the banks’ performance and prospects. OCBC had downgraded DBS due to concerns over its exposure to the slowing Singapore property market and potential risks from its overseas expansion. In contrast, RHB believes that DBS’s diversified business model and strong capital position will help it navigate these challenges.

Overall, RHB’s “buy” rating for DBS and “neutral” rating for UOB suggest that the research house is more optimistic about DBS’s prospects, citing its strong earnings momentum, robust capital position, and improving ROE. In contrast, UOB’s lower NIM, higher credit costs, and lower ROE have led RHB to maintain a more cautious stance on the bank. The differing views between RHB and OCBC highlight the complexities and uncertainties of the banking sector, and investors should carefully consider these factors when making investment decisions.