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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.


Singapore Could Emerge as a Premier Global AI Hub, Google Exec Says

A Google Cloud executive said that Singapore's environment that fosters innovation could make the country a global powerhouse in the AI industry.

Alphabet Seeks Investor Financing for GFiber Internet Service to Expand Beyond Current Sites

Alphabet wants to seek external funding for its GFiber internet connection company to expand to other locations.

Philippines' Meralco Sees an Increase in Electricity Bills This February

Electricity consumers in the Philippines may face another increase this February, according to Meralco.


Latest News

fighter jet
The Thai Air Force plans to petition the state budget for 19 billion baht ($538 million) to buy new fighter jets to replace its old fleet.
HSBC
The Bank of England fined HSBC £57.4 million ($72.8 million) for "serious failings" in customer money protection.
prison
Inmates are part of a covert workforce in the US that is associated with several famous food firms. A secret workforce in the United States is connected to hundreds of well-known food companies, and it involves prisoners.
Sara Lee Corp. Announces Earnings Dropped Around 25 Percent
After entering voluntary administration last October, Australian dessert maker Sara Lee is now being sold.
UKRAINE
The Security Service of Ukraine identified a $40 million corruption plot involving the Ukrainian military's arms purchase.
EVERGRANDE
Hong Kong court ordered real estate giant China Evergrande Group to liquidate, a sign that might shake China's financial markets.
UK Moves to Ban Disposable Vapes to Stop Use Among Children
UK Prime Minister Rishi Sunak is set to unveil plans on Monday to ban the sale of disposable vapes to prevent their use by children.
Vodafone and Three Merger: UK Gives Both Telcos 5 Working Days to Address Competition Concerns to Avoid in-Depth Probe
The UK's competition regulatory said it will investigate Vodafone's proposed merger with Three.
Mining Giants Ordered to Pay Nearly $10 Billion Over Brazil Dam Disaster That Killed 19 People
Mining giants BHP, Vale, and their iron ore joint venture Samarco have been ordered to pay $9.67 billion in damages over a deadly dam collapse in Brazil.
Woolworths Workers Criticize the Supermarket Over 'Woke' Australia Day Stance
Employees at Woolworths have voiced their displeasure over the supermarket's controversial Australia Day stance.
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