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- NewsReuters SG
Singapore's DBS has seen inflows in SVB aftermath, CEO says
DBS Group, Singapore's largest bank, has benefited from inflows amounting to a "few hundred millions" in the aftermath of the collapse of Silicon Valley Bank, its chief executive said on Friday. Piyush Gupta, speaking to shareholders at an annual general meeting (AGM), did not specify a currency for the inflows. He added DBS had generally been benefiting from safe-haven inflows into Singapore since last year, which had been boosted by the recent banking crisis in the West.
- BusinessReuters SG
Asia M&As drop to decade low as tumultuous backdrop deters dealmaking
Mergers and acquisitions (M&A) in the Asia-Pacific region fell to a decade low in the first three months of this year as a tumultuous geopolitical and macroeconomic environment left dealmakers cautious. There are signs of a slow recovery, deal advisors told Reuters, citing an increase in their conversations with private equity firms and corporations over strategic plans for assets. The collapse of Silicon Valley Bank and rescue of Credit Suisse Group AG added to the negative sentiment even without directly impacting Asian dealmaking, advisors said.
NewsYahoo Finance Singapore6 ways to reduce income tax in Singapore (2023)
Find out the different types of personal income tax relief that individuals can get in Singapore.
