UOB announced a flat first-quarter net profit of S$1.49 billion, missing expectations as higher credit costs and market volatility weighed on performance.

Net interest income rose 2% to S$2.41 billion, though net interest margin slipped to 2.00%. Credit costs increased to 35 basis points from 25 bps in Q4, as the bank set aside pre-emptive provisions.

Meanwhile, the US and China are preparing for their first formal trade talks since former President Trump imposed sweeping 145% tariffs on most Chinese goods.

The People’s Bank of China cut its seven-day reverse repo rate to 1.4% and trimmed the reserve requirement ratio by 50 basis points, releasing an estimated 1 trillion yuan in long-term liquidity.

On Market View, Alexandra Parada speaks to Jeremy Tan, CEO of Tiger Fund Management, to discuss more about the latest market movements.

 

UOB announced a flat first-quarter net profit of S$1.49 billion, missing expectations as higher credit costs and market volatility weighed on performance.
Net interest income rose 2% to S$2.41 billion, though net interest margin slipped to 2.00%. Credit costs increased to 35 basis points from 25 bps in Q4, as the bank set aside pre-emptive provisions.
Meanwhile, the US and China are preparing for their first formal trade talks since former President Trump imposed sweeping 145% tariffs on most Chinese goods.
The People&rsquo;s Bank of China cut its seven-day reverse repo rate to 1.4% and trimmed the reserve requirement ratio by 50 basis points, releasing an estimated 1 trillion yuan in long-term liquidity.
On Market View, Alexandra Parada speaks to Jeremy Tan, CEO of Tiger Fund Management, to discuss more about the latest market movements.
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Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.