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18 May, 2021 Author Regina Liezl GambeRebecca Isjwara
Singapore s three major banks will continue to face pressure on their margins this year, though they may maintain their earnings momentum as the pace of loan growth may improve with the expected economic recovery, analysts say.
DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. reported unchanged net interest margins in the first quarter of 2021 over the fourth quarter of 2020. However, NIMs, a key measure of banks profitability, were lower than the year-ago period at all three lenders. For example, DBS, the biggest bank in Southeast Asia by assets, reported that its NIM fell to 1.49% in the March quarter, from 1.86% a year ago.
Singapore Faces Biggest-Ever Succession Planning Challenge Bloomberg 16 hrs ago Faris Mokhtar
(Bloomberg) The rumblings started shortly after Singapore’s ruling party won 89% of seats in last year’s election.
What would be hailed as a fantastic outcome in most places amounted to the worst parliamentary performance ever for the People’s Action Party, which has been in power since the country’s independence in 1965, one of the longest uninterrupted stretches for any party around the world.
Even more troubling, it could be viewed as a lack of enthusiasm for Heng Swee Keat, who had become heir apparent to Prime Minister Lee Hsien Loong in a carefully managed succession plan.
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Singapore: The rumblings started shortly after Singapore’s ruling party won 89% of seats in last year’s election.
What would be hailed as a fantastic outcome in most places amounted to the worst parliamentary performance ever for the People’s Action Party, which has been in power since the country’s independence in 1965, one of the longest uninterrupted stretches for any party around the world.
Even more troubling, it could be viewed as a lack of enthusiasm for Heng Swee Keat, who had become heir apparent to Prime Minister Lee Hsien Loong in a carefully managed succession plan.
The rumblings started shortly after Singapore’s ruling party won 89% of seats in last year’s election. What would be hailed as a fantastic outcome in most
Singapore Faces Biggest-Ever Succession Planning Challenge msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.