The Business Times

Banking

Companies & Markets

UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts

The final dividend payment for 2025 'will not be impacted' by the higher pre-emptive general allowance, UOB says.
Companies & Markets

UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong

S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Companies & Markets

S$1 billion jump in allowances slash UOB Q3 profit to S$443 million

Singapore’s corporates, households and financial sector have stayed resilient amid strong financial positions, MAS said in its Financial Stability Review 2025.
Singapore

Financial stability risks elevated despite resilient global economy, strong investment sentiments: MAS

The Dubai-based lender will own about 60 per cent of RBL Bank once the deal is completed, according to an exchange filing on Saturday (Oct 18).
Banking & Finance

Emirates NBD plans to invest US$3 billion in India’s RBL Bank

FILE PHOTO: A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. REUTERS/Brendan McDermid//File Photo
Banking & Finance

Goldman’s profit beats estimates as dealmaking rebound boosts investment banking

Amro, in its latest flagship financial stability report, calls for closer monitoring of unlisted micro, small and medium-sized enterprises in raw materials and manufacturing, whom they say may have relatively higher levels of debt-at-risk.
ASEAN Business

Asean+3 financial stability at mercy of US policy swings, tested by greenback’s decline, banking’s digital shift

Lee Lung-Nien has been with Citibank for 35 years and volunteers with the FIA.
Lifestyle

From banking to the FIA: What Citi’s new Singapore head brings to the F1 governing body

Over the years, Dr Ng Chin Siau, founder of Q&M Dental Group, developed Singapore’s largest dental chain with diagnostics, dental education and lab capabilities.
ASEAN Business

Serial entrepreneurs are reshaping South-east Asia’s business landscape

Financial institutions in South-east Asia that are set to benefit from the lower risk-free rate environment are those that maintain both the ability and willingness to pay a stable dividend, Macquarie wrote.
Global Enterprise

As Fed and regional rates fall, Asia’s banks remain attractive yield plays: analysts

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