<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 2): DBS Group announced on Nov 2 that it will invest S$300 million in 2022 to further bolster its digital and intelligent banking capabilities for its wealth and retail customers.</p></div>

<div class=newsTextDataWrapInner><p>The sum, which represents a 14% y-o-y increase, will also go into enhancing hyper-personalised experiences across the bank’s digital and physical touchpoints.</p></div>

<div class=newsTextDataWrapInner><p>In addition, the investment will go towards boosting the bank’s tech infrastructure and talent, embedding<a href="https://www.theedgesingapore.com/news/banking-finance/dbs-group-invest-300-mil-grow-digital-and-intelligent-banking-capabilities" target="_blank"><em>...(click on link for full story on theedgesingapore.com)</em></a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (Nov 2): DBS Group announced on Nov 2 that it will invest S$300 million in 2022 to further bolster its digital and intelligent banking capabilities for its wealth and retail customers.

DBS Group to invest S$300 mil to grow digital and intelligent banking capabilities

France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the fate of Prime Minister Michel Barnier’s government.

The rate on 10-year French notes, traditionally considered among the safest in the euro area, briefly rose to 3.03% before paring the move.

French 10-Year borrowing costs match Greece’s for first time

European bond issuance has reached a record-breaking €1.705 trillion ($1.8 trillion) this year, passing the high-water mark previously set in 2020. 

Debt sales in the region’s publicly-syndicated market hit the milestone on Thursday, according to data compiled by Bloomberg.

Europe’s €1.705 trillion bond sales in 2024 beat pandemic record

European stocks snapped two days of declines, with technology leading the advance amid hopes that US curbs on chip equipment sales to China may prove lighter than feared.

The US is considering measures on sales of semiconductor equipment and AI memory chips to China that would stop short of stricter limits previously under discussion, Bloomberg News reported.

Tech reprieve lifts stocks, French crisis swirls

Colform Group Bhd’s upcoming debut on the ACE Market of Bursa Malaysia Securities has received the nod from the capital market operator, the steel and building material specialist based in Kota Kinabalu said.

Sabah-based IBS system maker Colform gets Bursa nod for ACE Market listing

Negri Sembilan Oil Palms Bhd (KL:NSOP), which shares the same major shareholder and management with Chin Teck Plantations Bhd (KL:CHINTEK), has declared a 14 sen dividend payout — comprising a special nine sen and second interim five sen payout — after reporting a 26.6% jump in its third quarter net profit from the previous year, largely on higher revenue.

Negri Sembilan Oil Palms pays 14 sen dividend, including special nine sen payout as 3Q profit jumps

Here is a brief recap of some corporate announcements that made the news on Thursday.

TNB, CIMB, Alliance Bank, HLFG, Hong Leong Bank, Axiata, IHH, Sime Darby, Genting, GENM, PPB, Capital A, Berjaya Corp, Supermax, Farm Fresh, Chin Teck, Icon Offshore, Globetronics

High-quality corporate reporting could play a role within the Madani Economy framework, where Malaysia aims to 'raise the ceiling' by expanding the economic pie, fostering broader participation and increasing the complexity of our economy.

High-quality corporate reporting can help country ‘raise ceiling’, says Amir Hamzah

The SA Sentral and Section 13 development plan, set to be implemented over the next seven years starting next year, will cover 58.6 hectares (145 acres) and aims to transform the area into a modern, dynamic, and competitive integrated hub in the country.

PKNS unveils development plan for SA Sentral 

The flood situation in Kelantan, Terengganu, Kedah, and Perlis continues to decline, with the number of victims increasing on Thursday night, while the flooding in Johor was over when the last temporary relief centre was closed this afternoon.

Number of flood victims across four states rises, Johor fully recovers 

Wellcall Holdings Bhd (KL:WELLCAL) declared a special dividend on top of an interim dividend, despite a 56.22% drop in the industrial rubber hose maker’s fourth quarter net profit — mainly due to foreign exchange (forex) losses.

Wellcall's 4Q profit drops 56% on forex loss, pays 2.2 sen dividend

<p>Genting Malaysia Bhd's (KL:GENM)&nbsp;third-quarter net profit jumped over threefold from the previous year, as it recognised net unrealised foreign exchange (forex) translation gains totalling RM601.8 million on its US-dollar denominated borrowings, as opposed to a forex loss of RM1.7 million previously.&nbsp;</p>


Genting Malaysia's 3Q profit highest in nearly six years on forex gains

<p>Gaming-to-plantation conglomerate Genting Bhd (KL:GENTING) reported a 57% drop in its third-quarter net profit, as it was hit by higher property, plant and equipment (PPE) write-off totalling RM207.3 million, as opposed to RM1.3 million previously.</p>


Genting's 3Q net profit more than halves on higher write-off

<p>Supermax Corp Bhd (KL:SUPERMX) extended its streak of losses to seven quarters, as a surge in&nbsp;operating expenses sank the glovemaker&nbsp;into the red,&nbsp;compounded by currency losses.</p>


Supermax trudges through 1Q as losses pile up, expects better finances next year

<p>The weaker US dollar was a tailwind to Capital A Bhd (KL:CAPITALA) in the third quarter ended Sept 30, 2024 (3QFY2024).</p>

<p>After four consecutive quarters of losses, Capital A posted a record-high net profit of RM1.64 billion for 3QFY2024, as opposed to a net loss of RM102.75 million a year ago, as the group recognises RM2.27 billion in foreign exchange (forex) gains compared with a forex loss of RM93.92 million in the corresponding quarter.</p>


Forex gains of RM2.27 bil lift Capital A earnings to record high in 3QFY2024 

<p>Tenaga Nasional Bhd (KL:TENAGA) posted an 85% rise in net profit to RM1.58 billion for its third quarter ended Sept 30, 2024 (3QFY2024) thanks to hefty foreign exchange (forex) gains, against RM856.2 million in the same quarter last year, according to the utility giant’s bourse filing on Thursday.</p>


TNB 3Q profit up 85% on RM1.12b forex gain

<p>Berjaya Corp Bhd (KL:BJCORP) kicked off its new financial year with another quarterly loss dragged by its retail and services businesses, but said it is optimistic that some of the units will improve.</p>


Berjaya Corp suffers another quarterly loss, optimistic some segments will improve

<p>Globetronics Technology Bhd (KL:GTRONIC) said it is partnering Canada-headquartered POET Technologies Inc to work together on advanced manufacturing and testing of optical engines, designed for applications such as data centres and telecommunications.</p>


Globetronics partners with Canada's POET Technologies to manufacture optical engines for data centres

<p>Here is a brief recap of some corporate announcements that made the news on Thursday.</p>


<p>Malaysia’s central bank said on Thursday it has asked insurance companies to review their repricing strategies amid public concerns over a spike in premiums of medical and health insurance products.</p>


BNM asks insurers to be 'more reasonable' with premium repricing

<p>PPB Group Bhd's (KL:PPB) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fell 44.1% to RM208.12 million, from RM372.55 million a year earlier, largely due to lower contribution from its 18.8%-owned associate Wilmar International Ltd, as well as lower profit from its core business segments.</p>


PPB 3Q profit falls 44% on lower Wilmar contribution

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EVENING 5: Five things you need to know today

<p>Digital Minister Gobind Singh Deo said on Thursday that Digital Nasional Bhd's (DNB) governance, financial practices, and administrative operations are in order and comply with legal requirements.</p>


Due diligence on DNB finds its operations, financial practices all in order, says Gobind

<p>Chin Teck Plantations Bhd (KL:CHINTEK) declares a special dividend of seven sen per share plus a first interim dividend of eight sen per share for the financial year ending Aug 31, 2025 (FY2025).</p>


Chin Teck declares 15 sen dividend for FY2025, including a seven-sen special

<p>Solar District Cooling Group Bhd (KL:SDCGB), which listed on the ACE Market of Bursa Malaysia on Sept 19, posted a net loss for the third quarter on high administrative expenses related to the initial public offering (IPO) expenses.</p>


Newly listed Solar District Cooling posts 3Q net loss on IPO-linked expenses

<p>Hong Leong Bank Bhd’s (KL:HLBANK) first-quarter net profit&nbsp;grew 5.8% year-on-year (y-o-y), boosted by strong growth in both net interest income (NII) and non-interest income (NOII).</p>


Hong Leong Bank earnings up 6% in 1Q, driven by higher net interest income

<p>Public Bank Bhd (KL:PBBANK) has formally extended a conditional mandatory general offer (MGO) for the remaining shares in LPI Capital Bhd (KL:LPI) at RM9.80 sen apiece.</p>


Public Bank formally extends MGO for remaining LPI shares

<p>Australia’s social media ban for children under the age of 16 will become law after passing the Senate, the upper house of Parliament, even as questions linger over how the new restrictions will be implemented.</p>


Australia’s social media ban for children under 16 to become law

<p>Protasco Bhd’s (KL:PRTASCO) net profit increased six times to RM18.93 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM3.13 million a year ago, lifted by improved performance from its maintenance segment.</p>


Protasco's 3Q net profit rises six-fold to near nine-year high

<p>Malaysia’s insurance and takaful industry saw an unprecedented cumulative medical claims cost inflation rate of 56%&nbsp;from&nbsp;2021 to&nbsp;2023, according to several associations.</p>
