Tan Nai Lun

However, non-interest income is down on the back of weaker investment performance by insurance arm Great Eastern

The revisions follow similar cuts to UOB’s target prices after its results earlier this week

The earnings miss S$2.95 billion consensus forecast; bank expects mid-single-digit total income growth for 2027

Currently a board member, Lim will assume the chairmanship on Jan 1, 2027

GL1 Org builds on MAS’ GL1 initiative, which explores the development of a shared ledger infrastructure

Capital is important, but whether the momentum can be sustained is an indicator too, analysts say

The interim CEO of the new body is Alan Lim, head of MAS’ financial infrastructure and AI office

In addition, a S$30 million grant will defray costs of building up teams and skills, engaging professional services

There may be further monetary tightening in countries where currencies are under pressure

Offering comes as economic activity between the Republic and Malaysia rises, with increased economic integration expected from JS-SEZ