I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Saturday 22 March 2014

DBS looking to capitalise on emerging markets to grow SME Banking business

DBS Bank is looking at opportunities in emerging markets such as China, India, Indonesia and Taiwan to grow its small- and medium-sized enterprise (SME) Banking business.

 
 
 
SINGAPORE: DBS Bank is looking at opportunities in emerging markets such as China, India, Indonesia and Taiwan to grow its small- and medium-sized enterprise (SME) Banking business.

The lender is hoping that in time, these markets will make up one-third of its SME Banking's takings, up from one-fifth currently.

Currently, Singapore and Hong Kong make up four-fifths of DBS' SME Banking income.

Last month, DBS reported that its SME business grew 11 per cent in 2013 to hit a record S$1.37 billion.

It expects performance this year to keep pace with or outdo last year’s record, although it is also cautious about the global outlook.

Lim Chu Chong, managing director and regional head of SME Banking at DBS Bank, said: "Because of the macroeconomic headwinds we see in some of these markets like India, Indonesia, and China, we do not expect loan growth to be as high. That's because we need to ensure that we manage our loan quality as we ride through the cycle. However, we will still expand our customer franchise by picking out good clients."

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