DBS

Singapore's Biggest Bank DBS Cuts CEO’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.

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As oil slides, Singapore oilfield service firms struggle to refinance debt

Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said.

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