TMI recently caught up with Shailesh Venkatesh (DBS) to discuss the steps treasurers can take to achieve centralisation of liquidity.
Singapore – With prolonged global trade disruptions accelerating the demand for digital services to strengthen supply chains, DBS is dialling up efforts on digitalising financing capabilities offered through trade platforms, potentially benefiting more than 15,000 SMEs across Asia by end 2022. According to the DBS Digital Readiness Survey [1], 97% of businesses in Asia-Pacific have […]
Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms. With this tight timeframe in mind, our guests […]
A new Two-Pillar Solution from the OECD aims to address the tax challenges arising from the digitalisation of the economy. Aaron Lee and Joseph Lee from DBS Bank recently joined TMI’s Eleanor Hill in the TreasuryCast virtual studio to discuss these reforms and outline actions treasurers should be taking ahead of the 2023 implementation date. […]
Singapore – DBS has completed Singapore’s first trade finance transaction referencing the Bloomberg Short-Term Bank Yield Index (BSBY) with Reliance Global Energy Services (S) Pte Ltd, the energy trading arm in Singapore of the Indian multinational conglomerate, Reliance Industries Limited. This benchmark pricing option is in addition to the Secured Overnight Financing Rate (SOFR) based pricing […]
Head of Global Transaction Services, DBS Bank John Laurens will be retiring from DBS at the end of 2021 after seven years of committed leadership to establish the bank’s transaction banking franchise as a global leader in digitalisation, trade, cash and securities services. John has stepped down as Group Head of Global Transaction Services, passing […]
Lim Soon Chong took over as DBS’ Group Head of Global Transaction Services on 1 August replacing John Laurens, who will be retiring at the end of the year. Lim, who also continues in his role as Head of Digital for DBS’ institutional banking group, spoke to TMI about his new position, and the role […]
Singapore – The third edition of the DBS Digital Readiness Survey1 has revealed that although there has been continued momentum in digitalisation efforts by businesses across the Asia-Pacific (APAC), there remains room for further improvement. Involving around 2,600 corporate treasurers, CEOs, CFOs and business owners across 13 markets in APAC2, as well as the US […]
The automotive sector is in the midst of great change as motive power switches progressively from the internal combustion engine to electric. DBS, which is involved in financing this revolution in Asia, talks to TMI about its role in innovating across the supply chain, revealing lessons for all sectors. The rapid acceleration in demand for […]
Singapore – Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan (NYSE: JPM) and Temasek today announced plans to develop an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, through a newly-established technology […]
Singapore, China, Hong Kong, Australia – To further push the digitalisation of trade finance in major trade hubs in the region, DBS Bank has expanded its offerings on Contour’s rapidly growing trade finance network to corporate customers in four key markets in the Asia-Pacific region (APAC). DBS was the first Singapore-based bank to join Contour’s […]
DBS Bank announced that it has provided a USD60 million structured trade facility to PT Chandra Asri Petrochemical Tbk (Chandra Asri), to support the company’s efforts to expand export growth of petrochemical products from Indonesia. Chandra Asri is the largest integrated petrochemical producer in Indonesia and operates the country’s only Naphtha cracker that produces Olefins […]
With the first fully digital, blockchain-secured end-to-end letter of credit transaction between Nanjing Iron & Steel and Rio Tinto complete, TMI asks Rio Tinto’s Michel Alves, Customer Service Manager, Iron Ore and James Liu, Account Manager, Southern China, to share their highlights from the experience. Engage in a conversation about cross-border trade and eventually talk […]
The world of payments has never been so exciting. Digital payments are gaining significant traction and smart innovation is gathering pace. In the 24/7/365 world of commerce, treasurers have an opportunity to leverage these developments to help their organisation gain a competitive advantage, says Atul Bhuchar, Group Head of Payments, DBS. Eleanor Hill, Editor, TMI […]
The global payments landscape continues to transform, with emerging technologies such as blockchain, internet of things, and more recently, contact-free solutions coming to the forefront with Covid-19. Eleanor Hill, TMI, chats to Atul Bhuchar, Group Payments Head, Global Transaction Services, DBS Bank, about real-life cases on how banks are leveraging on payments innovation to enable clients to go digital and to navigate the diverse, fast-changing landscape.
Contour and DBS Bank continue to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC)
Claiming the ‘Best Bank Connectivity’ accolade in TMI’s 2019 Awards for Innovation and Excellence, John Laurens, Group Head of Global Transaction Services at DBS, discusses the forces reshaping corporate to bank connectivity. He also explains how to achieve best-fit bank connectivity and outlines the role of open application programming interfaces (APIs) in treasury innovation, integration […]
