Singapore's Financial Sector Roars: DBS Record Profit, New ETF, and Regional Shifts

DBS Group just posted a record quarterly net profit of S$3.08 billion (US$2.40 billion), beating estimates and sending its shares to a record high of S$75.80. The bank raised its full-year guidance after a 9% jump in Q2 profit, driven by strong wealth management, treasury sales, and trading income.

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• New SGX ETF Launch: The CGS Fullgoal Singapore Next 50 Active ETF is now live, offering the first active, SGX-traded exposure to Singapore's small- and...