Southeast Asia's largest bank, DBS, said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic.
— which resulted in a 29% year-over-year fall in net profit in the first quarter.
The Singaporean bank's net profit fell to 1.17 billion Singapore dollars in January-March this year, down from 1.65 billion Singapore dollars in the same period last year.Australia said a coronavirus outbreak in the state of Tasmania likely originated from the Ruby Princess cruise ship, according to a government report published Thursday, Reuters reported.
The health ministry said as of 6 a.m. local time on Thursday, there have been 6,746 confirmed cases and 90 people have died in Australia. Tasmania has 220 confirmed cases.More than 3.1 million people have been infected by the coronavirus around the world and over 227,000 people have died from the respiratory disease Covid-19, data from Johns Hopkins University showed.
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Singapore's DBS bank posts 29% fall in first-quarter net profitDBS, Southeast Asia's largest bank, said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic.
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Singapore's DBS bank posts 29% fall in first-quarter net profitDBS, Southeast Asia's largest bank, said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic.
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