Jakarta/Singapore, Tuesday 8 September 2026 – New analysis from Market Forces reveals that the three largest Singaporean banks — DBS, OCBC, and UOB — have been bankrolling industrial ‘captive’ coal power plants between 2020 and 2025, despite publicly announcing and...
Singapore
Analisis Terbaru: Bank Singapura Masih Biayai PLTU Batu Bara, meski Berkomitmen untuk Berhenti
Jakarta/Singapore, 8 September 2026 – Analisis terbaru dari Market Forces mengungkapkan, tiga bank asal Singapura yaitu DBS, OCBC, dan UOB masih membiayai proyek PLTU batu bara captive antara tahun 2020 hingga 2025. Padahal sejak tahun 2019, ketiga bank tersebut...
Asian banks hide behind a coal funding smokescreenÂ
By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces Pick up any major Southeast Asian bank's sustainability report and you will find a coal funding commitment. The language is confident. The dates are specific. But banks from Jakarta to Kuala...
Complaint filed to SGX against OCBC for potential misleading conduct
Tuesday 24 February 2026 Market Forces has lodged a complaint at the Singapore Exchange against Singapore bank, Oversea-Chinese Banking Corporation - OCBC, for potential misleading conduct over finance enabling industrial coal power plants by Harita Nickel Group in...
OCBC bank ends new coal power lending, except for two projects in Vietnam
17 April 2018 OCBC's chief executive officer Samuel Tsien said in an interview earlier this week that OCBC will not fund any more new coal - but will remain in two projects in Vietnam. Subscription news sources suggest these projects are Van Phong 1 and Vung Ang 2....
Singapore banks need to warm up to renewable energy financing
Market Forces in the media By Julien Vincent, executive director Op-ed in the Business Times, 9 October 2018 THE launch in South Korea on Monday of the Intergovernmental Panel on Climate Change (IPCC) report on avoiding runaway global warming hammered home some stark...
Ad urging Standard Chartered to stop funding dirty coal published across Asia
23 August 2018 Today, with the help of community donors and partner organisations, Market Forces published a full-page advertisement in the Financial Times Asia, urging Standard Chartered Bank to stop funding new coal-fired power plants. Click here to email Standard...
Media release: Singaporean banks blowing smoke on climate
A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity...