Yantoultra Ngui

DBS Group's incoming CEO Tan Su Shan is open to "bolt-on" acquisitions, and will focus on boosting the Singaporean lender's high-return businesses such as wealth and transaction banking.

Japan's Nomura Holdings has appointed Ong Kin Yok as managing director and team head for Malaysia and Singapore of its international wealth management business, according to an internal memo seen by Reuters on Thursday.

Singapore's second-largest bank, Oversea-Chinese Banking Corp , on Wednesday joined rivals in declaring multi-billion capital returns alongside their 2024 record earnings but warned of an uncertain global outlook from tariffs and trade tensions.

Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks.

Shares of Singapore's United Overseas Bank, or UOB , hit a record high on Wednesday after it posted a 9% rise in fourth-quarter net profit that beat expectations and announced a S$3 billion ($2.24 billion) package to return surplus capital to investors.

Singapore-based financial technology firm Atome Financial said on Wednesday it had secured a private credit fund managed by asset manager BlackRock and venture debt provider InnoVen Capital in a $80 million private credit facility.

Singaporean banks are set to report stronger profits for the fourth quarter, but growth could take a hit this year as U.S. President Donald Trump's trade tariffs and other policies threaten to undermine the global economy, analysts say.

BNP Paribas said on Wednesday that it has appointed Karine Delvallee as its new regional head for Southeast Asia and new chief executive officer of the BNP Paribas Singapore branch, according to a statement from the French bank.

Indonesia's sovereign wealth fund, Indonesia Investment Authority (INA), and Japan's Mitsui & Co are among prospective buyers of CVC Capital Partners' 25% stake in Indonesian toll road operator RKE International, valued at up to $300 million, two sources with knowledge of the matter said.

MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more than 6 billion ringgit ($1.34 billion), two sources with knowledge of the matter said.