News

Financial Services

Gerv Tacadena

, Singapore

Published:

8 years ago

DBS chief says O&G woes could still impact Singapore banks

Costs in O&G support service sector will persist with low oil prices.

CNBC reported that The latest report cards from Singapore three home-grown lenders reinforced expectations that the banking sector in one of the world's primary financial centers has seen its worst.

Yet, shares of all three banks were in the red on Friday after Southeast Asia's largest lender, DBS Group Holdings, rounded up the sector's earnings season with a warning that asset quality could deteriorate in the coming quarters due to continued weakness in the oil and gas segment.

"Asset quality pressures will continue and the risk of heightened credit costs in the oil and gas support services sector will persist with low oil prices," DBS CEO Piyush Gupta said at a media briefing.

Read the rest of the story here.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Maritime market to hit $24.47b by 2031 as automation reshapes ports

Tuas Port eyes 65 million TEUs of annual capacity by the 2040s.

Shipping & Marine

3 hours ago

Balestier Centre launched for $180m collective sale

It will have no land betterment charge payable.

Commercial Property

3 hours ago

Singapore’s AI tool analyses heart attack damage within one minute

Cardiovascular disease is the leading cause of death in Singapore.

Healthcare

3 hours ago

Surbana Jurong begins global CEO search as Sean Chiao retires

He will retire on 31 July after leading the group for more than three years.

Building & Engineering

3 hours ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

3 days ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

4 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

5 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

6 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.