Renald Yeo

Renald Yeo

JOURNALIST

Renald writes about banks for The Business Times. Before that, he tracked macroeconomic trends and SME struggles.

UOB continues to expect low single-digit loan growth, a full-year net interest margin of between 1.75% and 1.8%, and high single-digit fee growth in FY2026.

UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%

CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across Asean

The Indonesia deal is "quite in line" with OCBC's updated strategy, unveiled by group chief executive Tan Teck Long in February, analysts say.

OCBC’s Indonesia deal boosts wealth push, may herald more M&A under new CEO Tan Teck Long: analysts

Industry watchers say the bank might look to high-growth Asean markets for more acquisitions

Across the broader market on Thursday, losers outnumbered gainers 348 to 284.

Singapore stocks rise 1.1% on Thursday, lifted by DBS’ above-expectation earnings

For the truncated trading week, the Straits Times Index is down 1.7%

In 2025, Vietnam’s economy grew 8%, its second-fastest pace in 15 years. It is targeting economic growth of 10% this year.
INSIDE ASEAN

No longer just an outpost: Vietnam’s rise opens new front for DBS, OCBC, UOB

The financing needs of businesses there have grown as they integrate into Asian trade and capital flows

“Deposit growth should be at the high (to) higher single-digit range,” says DBS CEO Tan Su Shan.

DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1

The lender declares a dividend of S$0.81 per share, up from S$0.75 the year before

Singapore’s three local banks all finished lower.

Singapore stocks fall 0.6% on Wednesday as Middle East conflict enters third month

Across the broader market, gainers outpace losers 324 to 292, as 2.2 billion securities worth S$2.4 billion change hands

Isca president Lee Boon Teck says he is looking forward to working with the council and members to build on the strong foundations it has in place.

Deloitte’s Lee Boon Teck succeeds Teo Ser Luck as president of Singapore’s national accounting body

New president says focus now is to ensure that every member can see and feel the difference Isca makes

Across the broader market, losers outnumber gainers 350 to 267.

Singapore stocks slip as oil tops US$110; STI down 0.1%

Benchmark index is close to where it was on first trading day after Iran war began

The Straits Times Index is down 30.13 points at 4,892.73.

Singapore shares fall, dragged by banks; STI slips 0.6%

Across the broader market, losers outpace gainers 341 to 265 after two billion securities change hands

DBS is expected to kick off the earnings season on Apr 30, with UOB due to report on May 7 and OCBC on May 8.

Safe-haven flows, no Q1 Fed cut support positive earnings outlook for DBS, OCBC, UOB: analysts

All 3 lenders have little to no exposure to private credit risks, management teams say