Renald Yeo
JOURNALIST
Renald writes about banks for The Business Times. Before that, he tracked macroeconomic trends and SME struggles.
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One prospectus, two markets: SGX-Nasdaq dual-listing highway to debut in 2026
It is open to companies with a market capitalisation of S$2 billion and above
Weak US dollar lowers net returns on investments, says Temasek chief
Hedging costs have risen, but rotating out of US equities ‘not easy”, adds executive director and CEO Dilhan Pillay
Acra wants boards to scrutinise the numbers ahead of FY2025 reporting
This call to action comes amid the global economic uncertainties from trade and tariff-related risks
UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
In general, analysts do not read the provisioning as a red flag for the bank
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
As a result of the higher allowances, net profit falls 72% to S$443 million
S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Move made ‘amid evolving macroeconomic conditions’; operating results down 16% at S$1.8 billion
Airwallex crosses US$1 billion in annualised revenue, eyes doubling within a year
The company’s portfolio includes multicurrency business accounts, corporate cards and payments processing services
DBS, OCBC and UOB expected to post flat or weaker Q3 earnings as margins narrow
Focus will be on whether stronger wealth and trading income can cushion lending slowdown
China Premier Li Qiang to make first official visit to Singapore this weekend
This is Li’s first official trip to the Republic
COE quota up 1.5% at 18,984 for November to January 2026 period
Bidding under the new quota will begin on Nov 3
