The three-listed banks — DBS, OCBC and UOB — make up around one-third of the benchmark Straits Times Index.
Straits Times IndexThe Southeast Asian city-state's financial regulator and central bank, the Monetary Authority of Singapore, said Wednesday that restrictions on bank dividend payments "will not be extended.
"to 60% of the previous year's amount in light of economic uncertainties due in part to the pandemic.is expected to continue on its recovery path, given strengthening global demand and progress in our vaccination programme," the regulator said in a statement.
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