
Yen Nee Lee
CNBC
- Singapore
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- CNBC6 articles
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- Higher inflation may be ‘more entrenched’ than transitory, CEO of major Asian bank says5 Nov 2021—CNBCIn this article .STI+22.65 (+0.70%) DBSM-SG+0.08 (+0.25%) watch now SINGAPORE — There are signs that higher prices will become “more entrenched” and harder to reverse, according to the chief executive of Singapore’s largest bank. “You’re beginning to see more entrenched inflation coming through,” Piyush Gupta, CEO of DBS Group Holdings, told CNBC’s “Capital Connection” Friday. “Some of the inflation that we’re seeing is really wage inflation. Salaries are beginning to dial up and I don’t...
- Indonesian unicorn Bukalapak looks to possible expansion into the Middle East27 Jun 2019—CNBCwatch now Indonesian e-commerce platform Bukalapak has expanded into five overseas markets in Asia since its founding in 2010 — and the Middle East could be next, the company’s co-founder said Thursday. Bukalapak is one of the few start-ups from Southeast Asia to have attained “unicorn” status — a term used to describe young companies valued at $1 billion or more. In recent years, the e-commerce firm has ventured outside of Indonesia and into Singapore, Malaysia, Brunei, Hong Kong and...
- Fintech start-ups are now more ready to work with banks, says ANZ exec27 Jun 2019—CNBCwatch now There are now more “adequately mature” financial technology start-ups that can help banks with corporate clients, according to an executive from Australian banking group ANZ. Fintech firms have for years changed some of the ways that banks operate, particularly in serving consumers. But recently, those start-ups have made some headway into the corporate banking space too. “A few years ago, when I started dealing with fintechs, it was quite hard to find adequately mature fintechs who...
- Singapore bank expects China slowdown to hit growth in loans22 Feb 2019—CNBCA man walks past an OCBC branch in the central business district of Singapore. The economic slowdown in China will affect Oversea-Chinese Banking Corp's ability to grow its loans business this year, the lender's chief executive said on Friday. OCBC, the second-largest Singaporean bank by assets, reported a 9 percent increase in customer loans in 2018. That growth rate is expected to moderate this year amid greater uncertainties in China and globally, said its CEO Samuel Tsien. "Despite that...
- Fintech won't drain money away from traditional banks, regulators say11 Oct 2018—CNBCThe rise of financial technology — more commonly known as fintech — won't threaten the existence of banks and it's the responsibility of authorities to make sure that traditional lenders are prepared for changes in their industry, policymakers and regulators said in a CNBC-moderated panel Thursday. The comments were made in Bali, Indonesia where the International Monetary Fund and the World Bank are holding their annual meetings. The two organizations on Thursday jointly launched a paper, the...
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