DBS becomes Southeast Asia's most valuable company
DBS Group Holdings has overtaken Singapore Telecommunications (Singtel) to become Southeast Asia's biggest company by market value. As of Thursday's close, the lender had a market capitalisation of $46.8 billion, compared to Singtel's $44.8 billion. Earlier, DBS CEO Piyush Gupta had delivered his digital strategy to investors, seeking to lower costs and boost returns. 