Top Reads of The Week 31/3/2024

DBS Bank confident of 15-17% ROE in next 3-5 years: CEO says

https://www.businesstimes.com.sg/singapore/dbs-bank-confident-15-17-roe-next-3-5-years-ceo-says 

DBS Bank CEO Piyush Gupta expressed confidence in achieving a return on equity (ROE) of 15-17% over the next 3-5 years, despite global economic challenges.

DBS Bank's recent financial performance has been robust, with record net profits and a healthy balance sheet.

China's Property Crisis Is Rippling Through Its Biggest Banks

https://www.bloomberg.com/news/articles/2024-03-28/china-s-property-crisis-is-rippling-through-its-biggest-banks 

China's ongoing property crisis is taking a toll on the country's largest banks, with mounting bad loans and declining profitability.

This has put pressure on their balance sheets and raised concerns about the stability of the financial system.

Analysts warn that the situation could worsen if the property market continues to deteriorate.

Dalio on Xi's '100-year Storm' Prediction: What Lost Decade Means for China

https://www.bloomberg.com/news/articles/2024-03-28/dalio-on-xi-s-100-year-storm-prediction-what-lost-decade-means-for-china 

Ray Dalio, founder of Bridgewater Associates, discusses the implications of Chinese President Xi Jinping's warning of a "100-year storm" for the country's economy.

He highlights the need for China to address issues such as rising debt levels, demographic shifts, and the transition to a consumption-driven economy.

Despite these challenges, Dalio remains optimistic about China's long-term prospects.

Singapore Dollar's Stellar Run Seen Ending on Monetary Easing

https://www.bloomberg.com/news/articles/2024-03-24/singapore-dollar-s-stellar-run-seen-ending-on-monetary-easing 

The Singapore dollar's impressive performance may be coming to an end as the country's central bank is expected to ease its monetary policy.

This shift in policy could lead to a weakening of the Singapore dollar against major currencies in the coming months.

Malaysia Needs the Fed More Than Patriotism to Save Ringgit

https://www.bloomberg.com/opinion/articles/2024-03-26/malaysia-needs-the-fed-more-than-patriotism-to-save-ringgit?srnd=homepage-asia 

Malaysia's efforts to boost patriotic sentiment and encourage the use of the ringgit may not be enough to save the currency from further depreciation.

The ringgit has been under pressure due to a combination of factors, including the strengthening US dollar, rising interest rates, and concerns over the country's economic outlook.

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