Around 300 employees have been evacuated from Singapore's biggest bank, DBS, after one person fell ill with the new coronavirus.

All 300 had been working on the same floor, the 43rd, and were sent home on Wednesday.

"As a precautionary measure, all employees on the affected floor vacated the premises to work from home," DBS said in a statement.

Singapore had previously reported 47 cases of the new virus.

The employee was tested on Tuesday and his infection was confirmed on Wednesday.

DBS said "during this difficult time, the bank will be providing this employee and his family with every support and guidance"