Latest news updates: Singapore’s DBS rejects Myanmar link to failure as services go back to regular

DBS Bank, south-east Asia’s biggest lending institution, stated late Wednesday its online services were going back to regular after 2 days of interruptions.

The Singapore-based bank stated a problem left lots of consumers not able to log into their accounts. Disruptions started on Tuesday early morning, DBS stated.

“We have since been working round the clock, together with our third-party engineering providers, to fix the problem and services were restored at 2am,” Shee Tse Koon, DBS Singapore nation head, informed consumers in a video address.

However, the issues returned on Wednesday. “The same problem recurred and while the situation is less severe than yesterday, we know that many of you are still unable to get access,” he stated.

The bank stated late on Wednesday it was bring back service. “Please be informed that our digital banking services are returning to normal,” DBS composed on social networks.

DBS rejected speculation in Myanmar that the disturbances were in some way linked to the sale of treasury bonds there.

“There have been rumours that DBS’s digibanking service disruption is linked to the sale of treasury bonds by Myanmar’s National Unity Government,” the bank composed on Twitter. “There is no truth to this. DBS has not sold any such bonds.”

Myanmar media had actually kept in mind the timing, recommending the occasions were connected. “After a lot of purchases for the NUG bonds in Singapore on Monday evening, online banking services of POSB and DBS, Singapore-based banks, got stuck,” the pro-democracy Mizzima outlet reported.


News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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