Just read an article in CNA and I am just thinking out loud if it is still a good idea to invest in Singapore banks?
Southeast Asia's biggest bank has said demand for home and car loans in
Singapore has plunged this year following government measures to cool
inflation.
DBS Group's chief executive, Piyush Gupta, told Channel
NewsAsia new home loan demand fell by 50 to 60 per cent last month.
He
said lending this year is unlikely to match 2012.
.... Mr Gupta said much of the bank's Singapore operations lose money and Indonesia
is the focus for growth this year....