DBS Bank

“We must be humble, hardworking, honest and sincere ... Trust is the cornerstone of any enduring relationship, whether between friends, colleagues, or business partners.” – Tse Koon Shee, Group Head of Consumer Banking and Wealth Management, DBS Bank What does it mean to be a good leader? As well-loved mentors with decades of experience in their respective fields, Tse Koon and Jackie Tham, owner of hawker stall Hon Ni Kitchen, sit down for a candid chat over breakfast, exchanging stories and reflecting on the importance of attitude in the journey of learning and growth.

The ageing global population and rising life expectancy has led to increased spending on healthcare. Global healthcare spending – estimated at 9.2% of global GDP in 2022 by OECD – has risen since the pandemic and is expected to stay high. According to a study by McKinsey, the adoption of GenAI could yield USD60-110bn of productivity gains for the pharmaceutical and medical product industries annually. Healthcare makes up more than 10% of major global stock indices, and commands the most compelling price-to-earnings growth ratio across the S&P 500 sub-sectors. This indicates decent earnings growth at a relatively inexpensive valuation. Find out how to gain exposure to this space via ETFs: https://go.dbs.com/4d1FVSM Follow DBS Insights Direct on Telegram for daily investment ideas! https://go.dbs.com/3W7aEqT #investing #stockmarket #growth #healthcare #future #pharmaceuticals #artificialintellignence

"(In unexpected situations), you’ve got to have patience. You’ve got to remember your core competency … to come out of the situation in the most optimal way.” – Piyush Gupta, DBS Group CEO In the second part of this video series, Piyush and Singaporean kitefoiler Max Maeder, two-time and current world champion, sat down to chat about navigating the head- and tailwinds of business and sport. And, there are more similarities than one might expect! We're honoured to welcome Max as our brand ambassador. Max has shown a relentless dedication to his craft and an unshakable trust in his spark — values that DBS shares and strives to inspire in the communities we serve. #TrustYourSpark

DBS is honoured to announce our multi-year partnership with Singaporean kitefoiler Max Maeder, two-time and current world champion, and Asian Games gold medalist, to galvanise youth to embrace their aspirations. At just 11 years old, Max declared that he would become “world champion”. Five years later, he became the youngest world championship title-holder in any Olympic sailing class. Now at 17, he's gearing up for his next big challenge in Paris. 🇫🇷 Max’s journey is guided by a strong sense of purpose and passion for excellence in his sport. His drive to do better embodies relentless dedication to the craft and an unshakable trust in his spark — values that DBS shares and strives to instil in the communities we serve. Said DBS Group CEO Piyush Gupta, “I’m very impressed by how young Max is driven by an unwavering sense of purpose and by how much he has achieved on the world stage. It gives us great pride in joining him on his journey ahead, both in and out of the water. His drive to do better, combined with hard work and determination, resonate with all of us at DBS, young and old alike. These qualities attest to how we can achieve more when we lean into our spark within, believe in it and trust it." Watch part one of the video interview between Piyush and Max as they discuss the parallels between business and sport, and how being empowered to overcome doubt and aim high enabled DBS and Max to perform at the highest level. We are proud to partner Max as he flies the Singapore flag high. #TrustYourSpark

We are honoured to have been named by The Banker as Asia’s Investment Bank of the Year. This award is in recognition of our continued focus to support our clients’ financing needs, especially for sustainable financing, amid challenging and volatile market conditions across Asia. DBS Global Head of Investment Banking Clifford Lee said, “We remain committed to our clients, keeping the markets open to Asian and non-Asian participants alike, while continuing our drive towards sustainable financing.”

The US economy is at an inflection point as we head into the second half of 2024. While payrolls have remained resilient, the unemployment rate has ticked above 4%, and labour market indicators suggest softening in the months ahead. Assuming inflation remains in line with consensus, the case can be made for less restrictive monetary policy in 2H. DBS Group Research maintains our view that the Fed will cut twice in 2024 and four more times in 2025. The Fed has a dual mandate of full employment and stable prices, and as the economic cycle ages, the employment component will play an increasingly important role. What are the key trends to watch? Find out at https://go.dbs.com/3LbOn6e Follow DBS Insights Direct on Telegram for daily investment ideas! https://go.dbs.com/4cTx0TE #investing #economy #usa #inflation #employment #jobs

At 11 years old, he declared his dream of becoming world champion. Now at 17, he's a world champion, twice over. What sparked Singaporean kitefoiler Maximilian Maeder's passion and drive? And what similarities does his experience have with the business world? DBS Group CEO Piyush Gupta and Max recently sat down for a chat, where they shared what trusting their spark means to them, and what it takes to ride the head- and tailwinds of business, sport and life. Stay tuned for more! #TrustYourSpark

Back in the 90s, getting your hands on coveted shares meant enduring long queues – sometimes, queues that even led out of the old DBS Building. It was a time-consuming process as people had to wait for an application form, apply for a cashier’s order, fill up the form, and finally submit it with payment. But then, a game-changer in 1993: Electronic Share Application (ESA). Customers could now follow step-by-step instructions on the ATM, securing shares with remarkable ease and time. The ESA was a world’s first - it revolutionised the share application process and slashed wait times drastically. And it all started with a simple resolve: there has got to be a better way. 🎙️Learn more about banking in the 90s. Tune into our podcast, where we delve into how innovations such as the ESA came about: https://go.dbs.com/4bA7DVA #ThrowbackThursday #TrustYourSpark

“If we take charge, if we don't let change happen to us but we drive the process of change … then I think we will see a utopian world.” – Piyush Gupta, DBS Group CEO Even as technology continues to be a big driver of change in the nature of work today, we can be proactive to take charge of these transformations and emerge the better for it, said Piyush at the 19th World Human Resource Congress (WHRC). He shared his views around marrying HR and IT to keep up with the ever-evolving landscape, and indicated that organisations must manage their workforce through strategic reskilling and upskilling. Some examples of this at DBS include hackathons, where employees can learn by doing and take risks. We’ve also pivoted towards a horizontal organisation that empowers and motivates everyone contributing to each Customer Journey to make decisions and excel.

Chronic obstructive pulmonary disease (COPD) affects millions globally with a 5 year mortality rate of around 25%. The disease is characterised by lung damage and narrowed airways, leading to breathing difficulties. Dupilumab, a drug that can treat asthma, chronic rhinosinusitis, among other conditons, has shown superior results in enhancing lung function and reducing flare ups, relative to standard treatments. This could be a breakthrough for type 2 COPD treatment, pending approval from regulatory authorities in the US, EU, and China. DBS believes the likelihood of approval from the US, EU and China in 2H24 is high as the European Medicines Agency’s Committee for Medicinal Products has issued a positive opinion, which is a good sign. Which pharmaceutical companies could benefit? Find out what we think at https://go.dbs.com/3RPmzrP Follow DBS Insights Direct on Telegram for daily investment ideas! https://go.dbs.com/3W8j7vi #investing #stockmarket #pharmaceuticals #healthcare #global #future #us #china #eu