DBS surrenders Hong Kong office space

Working remotely: The Singapore-based lender is joining other global banks in giving up office space in Hong Kong. Multinational firms are more likely to adopt flexible working arrangements. — Bloomberg

HONG KONG: DBS Group Holdings Ltd is set to join UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many employees still working from home.

DBS is surrendering some floors in Swire Properties Ltd’s One Island East tower in Quarry Bay, according to sources.