DBS overtook SingTel as South-east Asia’s most valuable company in November 2017. According to The Straits Times and TodayOnline, “The lender had a market capitalisation of┬áS$62.97 billion as of Thursday (Nov 24)’s close, compared with Singtel’s S$60.42 billion. The telecommunications company is expected to face more competition from new Singapore mobile-phone entrant TPG Telecom Ltd.”