Yantoultra Ngui

Bank of Singapore plans more investment in hiring and technology as it aims to climb into Asia's top five private banks within five years after assets under management rose nearly 20% to exceed $145 billion in the third quarter, Chief Executive Jason Moo said.

China's push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS Group Chief Executive Tan Su Shan said on Tuesday.

Shares of Maynilad Water Services were little changed in their Philippine debut on Friday after the utility raised 34.3 billion pesos ($590 million) in the country's largest listing since 2021.

Singapore's DBS Group on Thursday reported better-than-expected earnings in the third quarter, sending its shares to a record high, while United Overseas Bank's profit dropped after it booked hefty credit allowances.

KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80% of ST Telemedia Global Data Centres - which would give them full ownership - for over S$5 billion ($3.9 billion), two people with direct knowledge of the plans said.

Sany Heavy Industry shares rose as much as 4.7% in their Hong Kong debut on Tuesday after the Chinese construction machinery maker raised HK$12.36 billion ($1.59 billion) in one of the city's biggest listings this year.

DBS Group Research on Wednesday said it expects Singapore's gross domestic product to double by 2040, with the state's benchmark Straits Times Index nearing 10,000 and the Singapore dollar reaching parity with the U.S. dollar.

Genting said on Monday it will make a conditional cash offer for all the shares in Genting Malaysia it does not own, in a deal worth 6.74 billion ringgit ($1.6 billion) as it aims to consolidate control of its casino and hospitality arm.

Artificial intelligence startups are attracting record sums of venture capital, but some of the world's largest investors warned that early-stage valuations are starting to look frothy, senior investment executives said on Friday.

Indonesia's new sovereign wealth fund Danantara will deploy about $10 billion in its first three months of operation starting in October, with 80% earmarked for domestic investments and the rest going overseas, its chief investment officer said on Thursday.