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HOCK LOCK SIEW

Singapore banks missing the boat in booming S-E Asia

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Domestic sluggish growth, the property market slump and the weak interest rate environment have contributed to poorer earnings for the local banks.

THE three local banks are not having a good year, mostly due to forces beyond their control, but they seem to be also scoring own goals - missing opportunities right on their doorstep, our South-east Asian neighbours.

The past two decades have been a waste in terms of what they should