On November 9th, sources said that DBS Group of Singapore is exploring entry into Malaysia, potentially acquiring stakes in its banks, including one of the smallest banks in terms of assets in Malaysia. Sources said DBS Group is exploring the acquisition of a 29.1% stake in Alliance Bank Malaysia Bhd from Singapore's state-owned investor Temasek, with the current value of this stake being approximately $0.46 billion. Sources mentioned other options for entering Malaysia include buying retail banking assets of Kuwait Finance Company in Malaysia, valued at over $0.5 billion, which have already been put up for sale.