The Business Times
Young Zhan Heng

Young Zhan Heng

JOURNALIST

Young Zhan Heng is a journalist with BT, covering telcos, tech and artificial intelligence. Zhan Heng graduated from the National University of Singapore with a degree in data science and economics.

emailzhyoung@sph.com.sg
The S$1 billion in economic value by DBS was derived by comparing outcomes between customers offered AI-driven solutions and a control group.

DBS unlocks S$1 billion in AI value in 2025

But as Singapore’s lenders seek to ride the wave, agentic artificial intelligence’s rise poses challenges for local banking talent

To sustain a strong position in the market, the group acquired multiple industrial properties at Senang Crescent and completed an en-bloc purchase at Shaw Road (above) – a walking distance away from Tai Seng MRT station.
BROKERS’ TAKE

Maybank initiates ‘buy’ coverage on Soon Hock with S$0.75 target

The real estate player’s profit is expected to surge, given its project pipeline

Above: A data centre in Indiana in the US. While decentralised centres offer solutions that traditional hyperscalers struggle to answer, the two models are expected to coexist to meet rising AI demands.

Power crunch, red tape forcing Asia’s data centres out of hyperscaler hubs

Operators are pivoting towards a ‘decentralised’ model – which places data centres in ‘Tier-2’ cities

“The crash during the dotcom bubble was entirely due to exuberant expectation of earnings growth, which did not materialise,” says DBS' Hou Wey Fook. “The story is very different today.”

Not another dotcom bubble: DBS CIO doubles down on AI, healthcare

Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals

Performance of the three local banks were mixed. OCBC fell 1.8 per cent, while DBS and UOB rose 0.5 per cent and 0.03 per cent respectively

Singapore stocks track regional gains; STI up 0.1%

Across the broader market, gainers edge out losers 289 to 236, with 1.3 billion securities worth S$1.5 billion changing hands

The privately-owned digital infrastructure company was granted a license to provide facilities-based operations by the Infocomm Media Development Authority in 2015, allowing Colt to build and operate telco infrastructure in Singapore.

London player Colt targets data centre migration to expand Singapore market share

It views global connectivity as its competitive advantage, and identifies opportunities in SGX data centre migration

The worst performer among STI constituents was Singapore Exchange, falling 2.2 per cent or S$0.39 to close at S$17.31.

Singapore stocks track regional declines; STI down 0.2%

Across the broader market, gainers trail losers 271 to 300, after 1.4 billion securities worth S$1.7 billion change hands

Across the broader market, gainers beat losers 307 to 266, as 1.9 billion securities worth S$1.8 billion change hands.

Singapore stocks track Wall Street gains; STI up 0.2%

The iEdge Singapore Next 50 Index stays flat at 1,461.63

Shares of the three local banks have all risen.

Singapore stocks gain more ground amid mixed regional showing; STI up 1.3%

Across the broader market, losers edge out gainers 284 to 282, after 1.7 billion securities worth S$1.8 billion change hands

The Linton Hall facility is expected to generate US$14.8 million of annualised net property income, or US$13.3 million based on the Reit’s 90% share of the property.

Digital Core Reit bags 10-year lease at its US facility; portfolio occupancy rises to 98%

Its shares close 6.9% higher following the announcement

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