Southeast Asia’s largest bank sees higher-than-expected quarterly profit increase
The Singapore-based DBS Group, Southeast Asia's largest bank by assets, has reported a stronger-than-expected 68% rise in quarterly profit last year thanks to a soar in net interest margins.
Hanoi (VNA) – The Singapore-based DBS Group, SoutheastAsia's largest bank by assets, has reported a stronger-than-expected 68% risein quarterly profit last year thanks to a soar in net interest margins.
According to Refinitiv data, DBS, the first Singaporean bankto report this season, said its October-December net profit rose to a record 2.34billion SGD (1.76 billion USD) compared with an average estimate of 2.16billion SGD from three analysts.
As reported by Reuters, at a news conference on February 13,DBS Chief Executive Piyush Gupta said US interest rate increases are likely tomoderate, though he doesn't expect rate cuts this year.
DBS reported a total net interest margin, a key gauge ofprofitability, of 2.05% for the latest quarter, up from 1.43% in the sameperiod a year earlier.
Singaporean banks are on track to report record full-yearresults as they benefited from an early rebound in the economy last year./.
The official visits to Singapore and Brunei by Prime Minister Pham Minh Chinh, his spouse and a high-ranking Vietnamese delegation have been successful with comprehensive, practical and specific results.
The official visits to Singapore and Brunei by Prime Minister Pham Minh Chinh, his spouse and a high-ranking Vietnamese delegation from February 8-11 have been successful, contributing to lifting Vietnam-Singapore strategic partnership and Vietnam-Brunei comprehensive partnership to a greater height, said Minister of Foreign Affairs Bui Thanh Son.
“Van Lang Sports Competition 2023”, sponsored by the Vietnamese Embassy in Singapore, was held in the city-state on February 12 with the aim of connecting Vietnamese people in the country.
Singapore’s economy expanded by 3.6% in 2022, slightly lower than the earlier estimate of 3.8%, data released by the country’s Ministry of Trade and Industry (MTI) on February 13 showed.
Prime Minister Pham Minh Chinh’s official visit to Singapore from February 8-10 has contributed to promoting bilateral relations, particularly economic cooperation, Dr. Pham Duc Minh from the Singaporean Government’s Agency for Science, Technology and Research has said, given the complicated developments of the world situation.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
