DBS Group Holdings Ltd. has overtaken Singapore Telecommunications Ltd. to become the biggest company in Southeast Asia by market value.
As of Thursday’s close, DBS had a market capitalization of $46.8 billion compared to Singtel’s $44.86 billion.
DBS adopted a “digital to the core” strategy in 2016, signalling that Singapore’s largest bank would focus on going big on tech as well as honing in on customers who have generated a consistently higher return on equity.
“Some of this optimism may be reflective of what is happening with the tech firms,” said Diksha Gera, a Bloomberg Intelligence analyst in Singapore, in a Bloomberg report. “DBS is among the rare banks in the region who appears to be taking the challenge head-on with an extensive tech transformation.”
BDS | Jobsdb.com
Tech giants like Apple Inc. and Alibaba Group Holding Ltd. are among the world’s seven biggest companies by market capitalization, improving investor outlook for the industry.
DBS CEO Piyush Gupta unveiled his digital strategy to investors and analysts last week, which detailed an intent to lower costs and boost returns, reports Bloomberg. The bank has rallied 42% in 2017, twice the increase of the Bloomberg Asia Pacific Banks Index. Singtel added 1.4%, lagging behind the 12% gain of the Bloomberg Asia Pacific Telecommunications Index.
Things won’t necessarily get any easier for Singtel. Singapore’s largest telecommunications company is readying for more competition from a new entrant into the Singapore mobile-phone market: TPG Telecom Ltd.
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
More
understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
Less
