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Temasek-linked firms lift dividends 40% to record S$9.3 billion

DBS accounts for almost half of total payout, Singtel S$2.8b and the rest S$2.2b

Wed, Jun 20, 2018 - 5:50 AM

2017-11-06T030516Z_1906124695_RC13CCF33000_RTRMADP_3_DBS-RESULTS.JPG

The DBS Property Marketplace is intended to be a one-stop-shop where new homebuyers can browse listings, make cheque-free payments, and link up with utilities providers, as well as renovation, cleaning and moving services.

PHOTO: REUTERS

Singapore

SHAREHOLDERS of Temasek-linked companies will be enjoying a dividend bonanza this year as payouts will jump almost 40 per cent to a record S$9.3 billion.

The combined dividends of eight TLCs for 2018 is expected to balloon 38 per cent from 2017's S$6.7 billion which...