Flat open expected for the STI; DBS likely to be in focus

Is Indonesia’s central bank moving to block DBS from taking over Danamon?

IG Markets Singapore said:

On the local market DBS is likely to be in focus today after rumours that Indonesia’s central bank will cap bank ownership at under 50%. Many see this as a move to block DBS from taking over Danamon and future foreign banks from taking big stakes in Indonesian banks.

CEO Piyush Gupta had been under fire for the planned takeover of the Indonesian bank but shareholders were warming up to the bid. Ironically, he could have the perfect opportunity to walk away from the deal without any shame if Indonesia pushes ahead with the ownership cap.

The futures market is pointing to a fairly flat open for the STI this morning. Japanese equities have opened firmer this morning after its inflation data came in at 0.2% for April.

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