Daily Debrief: What Happened Today (May 4)

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Published Mon, May 4, 2026 · 06:31 PM

The central bank says the proof-of-value will lay the groundwork for deeper industry collaboration. PHOTO: BT FILE

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MAS partners banking industry to tap AI, machine learning to combat financial crime

[SINGAPORE] The Monetary Authority of Singapore (MAS) on Monday (May 4) said it will harness artificial intelligence and machine learning techniques to combat financial crime.

Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers

[SINGAPORE] Recent data released for the first quarter of 2026 showed Housing & Development Board (HDB) resale flat prices fell on a quarterly basis while private home prices rose.

Singapore, New Zealand can cooperate in supply chain resilience, AI and green economy: PM Wong

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[SINGAPORE] The Republic and New Zealand can strengthen ties in key areas such as supply chain resilience, and pursue new partnerships in areas such as the digital and green economy, Singapore’s Prime Minister Lawrence Wong said on Monday (May 4).

Analysts upgrade DBS, lift target price on improved forecasts, wealth franchise growth

[SINGAPORE] CGS International (CGSI) and Macquarie upgraded their calls on DBS, citing improved forecasts for Singapore’s largest bank after its strong first quarter earnings beat expectations last week.

Institutions and wealth managers in Asia propel outsourced-CIO demand in an uncertain world

[SINGAPORE] Institutional investors and wealth managers in Asia are increasingly turning to providers of outsourced chief investment officer (OCIO) services, as they seek to broaden their portfolio allocations and benefit from cost savings, experts said.

AI skills pull in higher salaries for engineers, as demand shifts to senior roles: report

[SINGAPORE] Singapore-based software engineers with artificial intelligence skills earned higher salaries than their peers without such expertise in 2025, the Tech Salary Report 2026 by career platform NodeFlair found.

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