Showing posts with label DBS. Show all posts
Showing posts with label DBS. Show all posts

Monday, 27 October 2025

World food day 2025: Bank DBS Indonesia goes for better foods and a better future

To mark World Food Day 2025, Bank DBS Indonesia worked with multiple partners to support national food security in line with this year's theme, Hand in Hand for Better Foods and a Better Future.

Head of Group Strategic Marketing & Communications PT Bank DBS Indonesia Mona Monika said, “The theme of Hand in Hand for Better Foods and a Better Future reflects the importance of collaboration in creating fair and sustainable access to food for all. As a bank committed to ESG principles, we want to act as a catalyst in strengthening the food supply chain, improving the welfare of farmers, driving the green economy in the agricultural sector, and increasing equitable access to nutritious food. This is the tangible manifestation of our sustainability pillar, Impact Beyond Banking.”

As part of its vision to be the Best Bank for a Better World, Bank DBS Indonesia believes that a sustainable food future can only be achieved through cross-sector collaboration between the financial sector, the government, businesses, communities, and the general public. Through various green financing initiatives, support for agritech startups, and social programmes held jointly with DBS Foundation, Bank DBS Indonesia plays an active role in building a resilient, inclusive, and competitive food system:

- The FEAST (Flores Empowerment for Agricultural Sustainability and Transformation) programme, held in collaboration with Yayasan Humanis dan Inovasi Sosial, equips farmers with climate-smart agricultural practices, financial literacy, and nutritional knowledge. A total of 40 village champions have been trained to assist 1,600 smallholder farmers (half of them women) in eight districts in Flores, Nusa Tenggara Timur (NTT). 

They take part in 50 climate field school sessions and test climate-smart agriculture methods in demonstration farm plots. Additionally, the programme provides nutrition education for 4,000 farming families to improve their knowledge and nutritional status. The programme will be expanded to all districts in Flores within the next 2-3 years.

- Green financing in the form of blended finance for Adena Coffee to nurture coffee farmers and increase coffee bean production in a sustainable manner, as well as to develop software to support compliance with the European Deforestation Regulation (EUDR). 

In addition, Adena Coffee will establish a Multipurpose Production and Training Centre by building new wet mill and fermentation facilities to train farmers in the proper application of wet processing and fermentation methods, ensuring consistent and high-quality yields; and conduct six capacity-building sessions for 500 small-scale coffee farmers in Gayo, Flores, Bali, and West Java.

- The Food Rescue Warrior programme, held in collaboration with FoodCycle Indonesia and DBS Foundation. From January 2024 to September 2025, the programme saved 1.36 million kg of surplus food from 155 partner hotels, restaurants, and plantations. Of the total, more than 600,000 kg was edible and packaged into more than 3 million food packages for 128,000 recipients. 

The programme succeeded in reducing the food insecurity rate from 77% to 36% in 17 months, according to a FoodCycle survey of a sample of recipients. Additionally, more than 700,000 kg of food waste were processed into animal feed and compost fertiliser at the urban farm developed under this programme. Education on the circular food system was also actively provided for the community at the urban farm to raise awareness about sustainable food security.

Food waste management is also very crucial for food sustainability.

- Magalarva, a social impact company and a recipient of the DBS Foundation Grant 2023, has made a significant impact on food waste management over the past two years. Food waste processing volume increased to nearly 3,000 tonnes per year, double the amount of the previous year. This has also reduced greenhouse gas (GHG) emissions by 9,000 tonnes.

Founder & CEO Magalarva Rendria Labde said, “Since partnering with DBS Foundation, we have been able to accelerate the transformation of our waste management system. We have now increased our food waste processing capacity by 66%, improved efficiency through waste sorting units and a new operational fleet, and opened up export opportunities to more countries. The impact is being felt by both the environment and the economy.”

ESG stands for environmental, social, and governance.

Sunday, 26 April 2020

DBS introduces DBS eGifts for Eid

Source: DBS. DBS eGifts are now available for Eid.
Source: DBS. DBS eGifts are now available for Eid.
Although safe distancing measures in place this Eid al-Fitr (Hari Raya Puasa), the Muslim community in Singapore can still continue to preserve the tradition of exchanging green packets and well wishes digitally with DBS eGift, via DBS PayLah!.

Said Jeremy Soo, MD and Head of Consumer Banking Group (Singapore), DBS Bank, “The season of Ramadhan and Hari Raya is an important time for the Muslim community to celebrate as well as strengthen bonds among families and loved ones. In these unprecedented times, we are heartened to see individuals and communities looking to alternative ways to mark this special occasion, in order to keep everyone safe. We hope that our Hari Raya-themed DBS eGifts will help keep the spirit of exchanging well wishes via green packets alive, as they celebrate within their family households.”

Customers simply need to use DBS PayLah!, a mobile payment platform with close to 1.8 million users, to send and receive a DBS eGift. To send an eGift, tap on the ‘Pay’ button on DBS PayLah!’s dashboard and toggle on the ‘Send as eGift’ function after entering the desired amount and message. Givers should check that they are sending the eGift to official mobile numbers used by recipients to register for DBS PayLah! and/or PayNow*. The eGift can also be sent to mark other occasions all-year round such as birthdays and weddings, as well as Mother’s Day on 10 May and Father’s Day on 21 June.

Till 20 June 2020, those who successfully send or receive a DBS eGift are eligible to participate in the DBS PayLah! eGift contest. The top 200 users every week who make qualifying transactions of at least S$2 per transaction in a week stand a chance to win a cash prize of S$18 each. A qualifying transaction is defined as a successful DBS PayLah! eGift transaction between a unique giver-receiver pair (i.e. multiple transactions between the same giver-receiver pair are counted as one transaction). Each qualified user may win the weekly cash prize once throughout the contest.

DBS was the first bank to launch the first digital red packet in Singapore in 2015. This year, DBS eGift drew over 16,000 new eGift users and saw an increase of 20% in total amounts transacted during Chinese New Year compared to last year.

*PayNow is a peer-to-peer funds transfer service available to retail customers of nine participating banks in Singapore, including DBS/POSB. Launched in July 2017, PayNow enables customers to instantly send and receive Singapore dollar funds from one bank to another in Singapore through Fast And Secure Transfers (FAST) by using their mobile number or Singapore ID. This allows senders to do away with the recipient’s bank and account number when transferring money.