CINXE.COM
<!doctype html> <html lang="en"> <head> <meta charset="UTF-8" /> <link href="/favicon.ico" rel="icon" type="image/x-icon" /> <meta content="width" name="MobileOptimized" /> <meta content="true" name="HandheldFriendly" /> <meta content="width=device-width, initial-scale=1" name="viewport" /> <meta content="ie=edge" http-equiv="x-ua-compatible" /> <meta name="google-play-app" content="app-id=com.ps.bt" /> <meta name="apple-itunes-app" content="app-id=531275824" /> <link rel="manifest" href="/manifest.json" /> <script type="text/javascript" src="https://adtag.sphdigital.com/tag/ads/ads_checker.js" ></script> <script> // Initialize the google variables. var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; // Add a place to store the slot name variable. googletag.slots = googletag.slots || {}; </script> <title data-rh="true">Banking & Finance - Companies & Markets - The Business Times</title><meta data-rh="true" name="description" content="THE BUSINESS TIMES Banking & Finance - Find Banking & Finance News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times."/><meta data-rh="true" name="google-site-verification" content="64YzaSIKUvOcgG1DccSNNzlWDqXwjSx4lDDgbgtDLJE"/><meta data-rh="true" name="format-detection" content="telephone=no"/><meta data-rh="true" property="og:site_name" content="The Business Times"/><meta data-rh="true" property="og:type" content="article"/><meta data-rh="true" property="og:url" content="https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" property="og:title" content="Banking & Finance - Companies & Markets"/><meta data-rh="true" property="og:image" content="https://www.businesstimes.com.sg/assets-web2/logo-business-times-home-og-BtdYjdmJ.jpg"/><meta data-rh="true" property="og:image:width" content="1200"/><meta data-rh="true" property="og:image:height" content="630"/><meta data-rh="true" property="og:image:alt" content=""/><meta data-rh="true" property="fb:admins" content="100008016031098"/><meta data-rh="true" property="fb:pages" content="288031731262011"/><meta data-rh="true" property="fb:app_id" content="328386607332790"/><meta data-rh="true" name="twitter:card" content="summary_large_image"/><meta data-rh="true" name="twitter:site" content="@BusinessTimes"/><meta data-rh="true" name="twitter:title" content="Banking & Finance - Companies & Markets"/><meta data-rh="true" name="twitter:url" content="https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" name="twitter:description" content="THE BUSINESS TIMES Banking & Finance - Find Banking & Finance News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times."/><meta data-rh="true" name="twitter:image" content="https://www.businesstimes.com.sg/assets-web2/logo-business-times-home-og-BtdYjdmJ.jpg"/><meta data-rh="true" name="twitter:image:alt" content=""/><meta data-rh="true" name="twitter:app:country" content="US"/><meta data-rh="true" name="twitter:app:id:iphone" content="531275824"/><meta data-rh="true" name="twitter:app:url:iphone" content="com.sph.bt://url=https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" name="twitter:app:id:ipad" content="531283825"/><meta data-rh="true" name="twitter:app:url:ipad" content="com.sph.bt://url=https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" name="twitter:app:id:googleplay" content="com.ps.bt"/><meta data-rh="true" name="twitter:app:url:googleplay" content="com.sph.bt://url=https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" property="al:ios:url" content="https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" property="al:ios:app_store_id" content="531275824"/><meta data-rh="true" property="al:ios:app_name" content="Business Times"/><meta data-rh="true" property="al:android:url" content="https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" property="al:android:package" content="com.ps.bt"/><meta data-rh="true" property="al:android:app_name" content="The Business Times"/><meta data-rh="true" property="al:web:url" content="https://www.businesstimes.com.sg/companies-markets/banking-finance"/><meta data-rh="true" name="grapeshot_tag" id="grapeshot" data-testid="grapeshot" content="no_analysis"/><link data-rh="true" rel="preconnect" href="https://dev.visualwebsiteoptimizer.com"/><link data-rh="true" rel="alternate" href="android-app://com.ps.bt/https/www.businesstimes.com.sg/companies-markets/banking-finance"/><link data-rh="true" rel="canonical" href="https://www.businesstimes.com.sg/companies-markets/banking-finance"/><style data-rh="true" type="text/css">@media (min-width: 767px) { .overlayWhite { height: 100%; width: 100%; position: fixed; inset: 0; z-index: 1000001; background-color: #ffffff; overflow-y: hidden; } } </style><script data-rh="true" type="text/javascript" id="vwoCode" async="true"> window._vwo_code || (function() { var account_id=786877, version=2.1, settings_tolerance=2000, hide_element='body', hide_element_style = 'opacity:0 !important;filter:alpha(opacity=0) !important;background:none !important', /* DO NOT EDIT BELOW THIS LINE */ f=false,w=window,d=document,v=d.querySelector('#vwoCode'),cK='_vwo_'+account_id+'_settings',cc={};try{var c=JSON.parse(localStorage.getItem('_vwo_'+account_id+'_config'));cc=c&&typeof c==='object'?c:{}}catch(e){}var stT=cc.stT==='session'?w.sessionStorage:w.localStorage;code={use_existing_jquery:function(){return typeof use_existing_jquery!=='undefined'?use_existing_jquery:undefined},library_tolerance:function(){return typeof library_tolerance!=='undefined'?library_tolerance:undefined},settings_tolerance:function(){return cc.sT||settings_tolerance},hide_element_style:function(){return'{'+(cc.hES||hide_element_style)+'}'},hide_element:function(){if(performance.getEntriesByName('first-contentful-paint')[0]){return''}return typeof cc.hE==='string'?cc.hE:hide_element},getVersion:function(){return version},finish:function(e){if(!f){f=true;var t=d.getElementById('_vis_opt_path_hides');if(t)t.parentNode.removeChild(t);if(e)(new Image).src='https://dev.visualwebsiteoptimizer.com/ee.gif?a='+account_id+e}},finished:function(){return f},addScript:function(e){var t=d.createElement('script');t.type='text/javascript';if(e.src){t.src=e.src}else{t.text=e.text}d.getElementsByTagName('head')[0].appendChild(t)},load:function(e,t){var i=this.getSettings(),n=d.createElement('script'),r=this;t=t||{};if(i){n.textContent=i;d.getElementsByTagName('head')[0].appendChild(n);if(!w.VWO||VWO.caE){stT.removeItem(cK);r.load(e)}}else{var o=new XMLHttpRequest;o.open('GET',e,true);o.withCredentials=!t.dSC;o.responseType=t.responseType||'text';o.onload=function(){if(t.onloadCb){return t.onloadCb(o,e)}if(o.status===200){_vwo_code.addScript({text:o.responseText})}else{_vwo_code.finish('&e=loading_failure:'+e)}};o.onerror=function(){if(t.onerrorCb){return t.onerrorCb(e)}_vwo_code.finish('&e=loading_failure:'+e)};o.send()}},getSettings:function(){try{var e=stT.getItem(cK);if(!e){return}e=JSON.parse(e);if(Date.now()>e.e){stT.removeItem(cK);return}return e.s}catch(e){return}},init:function(){if(d.URL.indexOf('__vwo_disable__')>-1)return;var e=this.settings_tolerance();w._vwo_settings_timer=setTimeout(function(){_vwo_code.finish();stT.removeItem(cK)},e);var t;if(this.hide_element()!=='body'){t=d.createElement('style');var i=this.hide_element(),n=i?i+this.hide_element_style():'',r=d.getElementsByTagName('head')[0];t.setAttribute('id','_vis_opt_path_hides');v&&t.setAttribute('nonce',v.nonce);t.setAttribute('type','text/css');if(t.styleSheet)t.styleSheet.cssText=n;else t.appendChild(d.createTextNode(n));r.appendChild(t)}else{t=d.getElementsByTagName('head')[0];var n=d.createElement('div');n.style.cssText='z-index: 2147483647 !important;position: fixed !important;left: 0 !important;top: 0 !important;width: 100% !important;height: 100% !important;background: white !important;';n.setAttribute('id','_vis_opt_path_hides');n.classList.add('_vis_hide_layer');t.parentNode.insertBefore(n,t.nextSibling)}var o='https://dev.visualwebsiteoptimizer.com/j.php?a='+account_id+'&u='+encodeURIComponent(d.URL)+'&vn='+version;if(w.location.search.indexOf('_vwo_xhr')!==-1){this.addScript({src:o})}else{this.load(o+'&x=true')}}};w._vwo_code=code;code.init();})();</script><script data-rh="true" >;window.NREUM||(NREUM={});NREUM.init={session_replay:{enabled:true,block_selector:'',mask_text_selector:'*',sampling_rate:10.0,error_sampling_rate:100.0,mask_all_inputs:true,collect_fonts:true,inline_images:false,inline_stylesheet:true,mask_input_options:{}},distributed_tracing:{enabled:true},privacy:{cookies_enabled:true},ajax:{deny_list:["bam.nr-data.net"]}};;NREUM.loader_config={accountID:"225023",trustKey:"225023",agentID:"1103312515",licenseKey:"NRBR-70564e4017ab43d3811",applicationID:"1103312515"};;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"NRBR-70564e4017ab43d3811",applicationID:"1103312515",sa:1};</script><script data-rh="true" type="text/javascript" src="/assets-web2/nr-loader-spa.1.252.0.min-DkQvycqG.js" async="true"></script><script data-rh="true" id="ga_data_layer_"> var _data = {}; _data = { "articleid" : "", "cue_articleid" : "", "at" : "", "author" : "", "chapter1" : "banking finance", "contentcat" : "1", "contenttype" : "", "keyword" : "", "level2" : "companies markets", "pagination" : "1", "permutive_id" : window.localStorage.getItem("permutive-id") || "", "pubdate" : "", "story_threads" : "", "title" : "Companies_Markets_Index", "visitorcat" : "1", "termid" : "", "product_flag" : "(not set)", "user_keyword" : "(not set)", "adblocker" : 0, "cd_version" : "bt2", "gs_channels" : "undefined", "event" : "undefined", }; var isArticlePage = false; if (typeof _data != "undefined" && typeof _data.articleid != "undefined" && _data.articleid != "") { isArticlePage = true; } </script><script data-rh="true" id="permutive_script"> var permutive_keys = { articleid: "", chapter1: "banking finance", contentcat: "1", contenttype: "", gsKeywords: [], keywords: [""], sph_seg: [], story_threads: "", title: "Companies_Markets_Index", visitorcat: "anonymous", }; per_userid = ""; var per_ptid = ""; if (typeof _data != 'undefined') { if (typeof _data.at != 'undefined' && _data.at != "") { per_userid = _data.at; } if ( typeof per_getcookie("mysph_lr") != "undefined" && per_getcookie("mysph_lr") != "" ) { per_ptid = per_getcookie("mysph_lr"); } if (typeof _data.pagination != 'undefined' && _data.pagination != "") { permutive_keys.pagination = parseInt(_data.pagination); } if (typeof _data.printcat != 'undefined' && _data.printcat != "") { permutive_keys.printcat = _data.printcat; } } function per_getcookie(cname) { if (document.cookie.length > 0) { c_start = document.cookie.indexOf(cname + "="); if (c_start != -1) { c_start = c_start + cname.length + 1; c_end = document.cookie.indexOf(";", c_start); if (c_end == -1) { c_end = document.cookie.length } return unescape(document.cookie.substring(c_start, c_end)) } } return "" } var per_suid = per_getcookie('suid'); var sph_seg = per_getcookie('sph_seg'); if (typeof sph_seg != 'undefined' && sph_seg != "") { permutive_keys.sph_seg = sph_seg.toLowerCase().split(','); } !function (e, o, n, i) { if (!e) { e = e || {}, window.permutive = e, e.q = []; var t = function () { return ([1e7] + -1e3 + -4e3 + -8e3 + -1e11).replace(/[018]/g, function (e) { return (e ^ (window.crypto || window.msCrypto).getRandomValues(new Uint8Array(1))[0] & 15 >> e / 4).toString(16) }) }; e.config = i || {}, e.config.apiKey = o, e.config.workspaceId = n, e.config.environment = e.config.environment || "production", (window.crypto || window.msCrypto) && (e.config.viewId = t()); for (var g = ["addon", "identify", "track", "trigger", "query", "segment", "segments", "ready", "on", "once", "user", "consent"], r = 0; r < g.length; r++) { var w = g[r]; e[w] = function (o) { return function () { var n = Array.prototype.slice.call(arguments, 0); e.q.push({ functionName: o, arguments: n }) } }(w) } } }(window.permutive, "ab403253-b305-47fa-a31b-3efb2473166f", "5f876161-9740-4cc8-9b64-4585990b2690", {}); window.googletag = window.googletag || {}, window.googletag.cmd = window.googletag.cmd || [], window.googletag.cmd.push(function () { if (0 === window.googletag.pubads().getTargeting("permutive").length) { var e = window.localStorage.getItem("_pdfps"); window.googletag.pubads().setTargeting("permutive", e ? JSON.parse(e) : []); var o = window.localStorage.getItem("permutive-id"); window.googletag.pubads().setTargeting("puid", o ? o : ""); window.googletag.pubads().setTargeting("ptime", Date.now().toString()); window.permutive.config.viewId && window.googletag.pubads().setTargeting("prmtvvid", window.permutive.config.viewId); window.permutive.config.workspaceId && window.googletag.pubads().setTargeting("prmtvwid", window.permutive.config.workspaceId); } }); permutive.identify([ { id: per_userid, tag: "userid", priority: 0, }, { id: per_ptid, tag: "ptid", priority: 1, }, { id: per_suid, tag: "suid", priority: 2, }, ]); permutive.addon('web', { page: permutive_keys }); // Permutive Ready check with Timeout function definition window.permutive.readyWithTimeout = function (e, i, t) { var u = !1, n = function () { u || (e(), u = !0) }; (t = t || 1 / 0) !== 1 / 0 && window.setTimeout(n, t), permutive.ready(n, i) }; </script><script data-rh="true" type="text/javascript" src="https://securepubads.g.doubleclick.net/tag/js/gpt.js" async="true"></script><script data-rh="true" >var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.slots = googletag.slots || {}; window.bt_page_data = {"path":"/companies-markets/banking-finance","adUnits":[{"id":"dfp-ad-lb1","type":"lb1","pattern":"/5908/bt/lb1/companies-markets/banking-finance","slotSize":[[970,90],[728,90],[970,250],[320,50],[320,100],[320,250],["fluid"]],"sizeMapping":[[[1024,0],[[970,90],[728,90],[970,250],"fluid"]],[[740,0],[[728,90],"fluid"]],[[320,0],[[320,50],[320,100],[320,250],"fluid"]],[[0,0],[[320,50],[320,100],[320,250],"fluid"]]],"position":"1","weight":"1","slotTargets":[]},{"id":"dfp-ad-imu2","type":"imu2","pattern":"/5908/bt/imu2/companies-markets/banking-finance","slotSize":[[300,250],[300,600],["fluid"]],"sizeMapping":[],"position":"2","weight":"6","slotTargets":[]},{"id":"dfp-ad-bn1","type":"bn1","pattern":"/5908/bt/bn1/companies-markets/banking-finance","slotSize":[["fluid"],[1,1],[728,90],[320,50],[320,100]],"sizeMapping":[[[1024,0],[["fluid"],[1,1],[728,90]]],[[0,0],[["fluid"],[1,1],[320,50],[320,100]]]],"position":"1","weight":"1","slotTargets":[]},{"id":"dfp-ad-prestitial","type":"prestitial","pattern":"/5908/bt/prestitial/companies-markets/banking-finance","slotSize":[1,1],"sizeMapping":[],"position":"prestitial","weight":"3","slotTargets":[]},{"id":"dfp-ad-catfish","type":"catfish","pattern":"/5908/bt/catfish/companies-markets/banking-finance","slotSize":[1,1],"sizeMapping":[],"position":"catfish","weight":"3","slotTargets":[]},{"id":"dfp-ad-abm","type":"abm","pattern":"/5908/bt/abm/companies-markets/banking-finance","slotSize":[1,1],"sizeMapping":[],"position":"1","weight":"1","slotTargets":[]}],"adTargets":[{"key":"page","value":"listing"}],"userInfo":{"service_type":"","display_name":"","mysphw":"","mySPHSessionId":"","usertype":"y-anoy"},"smxPrebidJs":"https://adtag.sphdigital.com/tag/smx/smx_prebid.js"}; var loaded_dfp_tags = '{"lb1":{"adunit":"/5908/bt/lb1/companies-markets/banking-finance","slotname":"dfp-ad-lb1","size":"970x90,728x90,970x250,320x50,320x100,320x250,fluid"},"imu2":{"adunit":"/5908/bt/imu2/companies-markets/banking-finance","slotname":"dfp-ad-imu2","size":"300x250,300x600,fluid"},"bn1":{"adunit":"/5908/bt/bn1/companies-markets/banking-finance","slotname":"dfp-ad-bn1","size":"fluid,1x1,728x90,320x50,320x100"},"prestitial":{"adunit":"/5908/bt/prestitial/companies-markets/banking-finance","slotname":"dfp-ad-prestitial","size":"1,1"},"catfish":{"adunit":"/5908/bt/catfish/companies-markets/banking-finance","slotname":"dfp-ad-catfish","size":"1,1"},"abm":{"adunit":"/5908/bt/abm/companies-markets/banking-finance","slotname":"dfp-ad-abm","size":"1,1"}}';(function() { if (typeof window > "u") return; const t11 = window.location.search.includes("dfp_preview"); screen.width >= 768 && t11 && setTimeout(function() { const s15 = document.getElementById("MyPageOverlay"); s15 && (s15 == null || s15.classList.remove("overlayWhite")); }, 4e3); })()</script><script data-rh="true" type="text/javascript" src="https://dsuwzj1tch87b.cloudfront.net/suid/suid.min.js"></script><script data-rh="true" type="text/javascript" src="https://adtag.sphdigital.com/tag/smx/prebid.js"></script><script data-rh="true" type="text/javascript" src="https://adtag.sphdigital.com/tag/smx/smx_prebid.js"></script><script data-rh="true" type="text/javascript" src="/_web2/2.14.6/bt_ads.js?v=2.14.6" async="true"></script><script data-rh="true" type="text/javascript" src="/_web2/betterads_head2.js?v=2.14.6"></script><script data-rh="true" >var gs_channels = ["no_analysis"];</script><script data-rh="true" type="application/ld+json">{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Companies & Markets","item":"https://www.businesstimes.com.sg/companies-markets"},{"@type":"ListItem","position":2,"name":"Banking & Finance","item":"https://www.businesstimes.com.sg/companies-markets/banking-finance"}]}</script> <script type="module" crossorigin src="/assets-web2/index-C1kf6tt2.js"></script> <link rel="stylesheet" crossorigin href="/assets-web2/index-Dwn-k9jd.css"> </head> <body> <div id="MyPageOverlay" class="overlayWhite"></div> <div id="postitial_holder"></div> <div id="app"><main class="flex w-screen max-w-full flex-col antialiased" id="background_container"><div class="mx-auto flex w-full flex-grow flex-col items-center" id="content-container"><div class="w-full"><div id="dfp-ad-lb1" class="ad-placeholder flex min-h-[50px] flex-col items-center justify-center border-b border-gray-175 bg-gray-125 py-1 text-center md:py-3 lg:min-h-[250px]" data-testid="dfp-ad-lb1" data-ad-type="lb1" data-ad-index="0"></div><header data-testid="navigation-bar" class="_componentHeader_wuadj_1 sticky left-0 top-[-1px] z-30 w-full flex-none"><div class="relative flex min-h-[50px] w-full items-center border-b border-gray-175 bg-white"><div class="mx-auto flex h-full min-h-[50px] w-full max-w-[1900px] px-2 lg:px-6 justify-between"><div class="flex items-center"><button aria-label="Toggle side menu" class="block flex-none cursor-pointer opacity-100 duration-300 h-[48px] w-[48px] border-0 !outline-none focus-within:outline-0 focus:outline-0 lg:h-9 lg:w-9 lg:hover:rounded-full lg:hover:bg-gray-250"><img class="block h-full w-full px-[6px] lg:hidden" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2036%2036'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3crect%20x='8'%20y='17.25'%20width='6'%20height='1.5'%20fill='%232B2B2B'/%3e%3crect%20x='24.4141'%20y='20'%20width='3.64363'%20height='1.5'%20transform='rotate(45%2024.4141%2020)'%20fill='%232B2B2B'/%3e%3crect%20x='8'%20y='22.5'%20width='9'%20height='1.5'%20fill='%232B2B2B'/%3e%3crect%20x='8'%20y='12'%20width='9'%20height='1.5'%20fill='%232B2B2B'/%3e%3ccircle%20cx='21'%20cy='18'%20r='3.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3c/svg%3e" width="36" height="36" alt="hamburger icon"/><img class="hidden h-full w-full lg:block" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2036%2036'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3crect%20x='11'%20y='12'%20width='14'%20height='1.8'%20fill='%232B2B2B'/%3e%3crect%20x='11'%20y='17'%20width='14'%20height='1.8'%20fill='%232B2B2B'/%3e%3crect%20x='11'%20y='22'%20width='14'%20height='1.8'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="36" height="36" alt="hamburger icon"/></button><div class="hidden flex-none lg:block"><a class="flex cursor-pointer items-center justify-center opacity-100 duration-300 border-0 !outline-none focus-within:outline-0 focus:outline-0 lg:hover:rounded-full lg:hover:bg-gray-250" aria-label="Search" href="/search"><img src="data:image/svg+xml,%3csvg%20viewBox='0%200%2036%2036'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3crect%20x='21.4141'%20y='20'%20width='5'%20height='1.8'%20transform='rotate(45%2021.4141%2020)'%20fill='%232B2B2B'/%3e%3ccircle%20cx='17'%20cy='17'%20r='5.1'%20stroke='%232B2B2B'%20stroke-width='1.8'/%3e%3c/svg%3e" class="h-full w-[36px]" width="36" height="36" alt="close"/><p class="m-0 block font-poppins text-xs font-normal tracking-2% text-gray-850 lg:hidden">Search</p></a></div></div><div class="absolute left-1/2 top-1/2 block -translate-x-1/2 -translate-y-1/2"><div class="mx-auto py-4 lg:py-0"><a title="The Business Times" href="/?ref=logo"><img src="/assets-web2/logo-masthead-PNobukBu.svg" alt="The Business Times" width="220" height="19"/></a></div></div><div class="mr-auto flex items-center"><div data-testid="section-navigation-component" class="hidden items-center"><div class="mx-3 h-[24px] w-[1px] flex-none bg-gray-175"></div><p class="m-0 mr-3 flex h-9 w-auto items-center justify-center text-nowrap rounded-[25px] px-3 font-poppins text-2xs font-semibold leading-none tracking-tightest text-gray-850 duration-300 lg:hover:bg-gray-250"><a rel="noopener noreferer" href="/companies-markets?ref=header">Companies</a></p></div></div><div class="flex flex-none items-center"><div class="flex items-center justify-center lg:mr-3"><button data-testid="user-login-trigger" type="button" class="text-gray-850 cursor-pointer font-poppins text-2xs font-semibold opacity-100 flex items-center justify-center rounded-[25px] leading-none tracking-tightest focus-within:outline-0 focus:outline-0 lg:p-3 lg:hover:bg-gray-175" data-rac=""><p class="m-0 hidden lg:block">Login</p><img class="block lg:hidden" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2048%2048'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1600_10292)'%3e%3ccircle%20cx='24'%20cy='22'%20r='4.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3ccircle%20cx='24'%20cy='40'%20r='11.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1600_10292'%3e%3crect%20width='20'%20height='15'%20fill='white'%20transform='translate(14%2017)'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="48" height="48" alt="account"/></button><div class="relative hidden flex-none" data-testid="my-account-header-anon-trigger-component" id="my-account-anon-trigger"><div class="relative z-10"><button data-testid="user-login-trigger" type="button" class="cursor-pointer font-poppins text-2xs font-semibold opacity-100 flex items-center justify-center rounded-[25px] leading-none tracking-tightest focus-within:outline-0 focus:outline-0 lg:hover:bg-gray-175 lg:p-3" data-rac=""><span class="hidden lg:block">Sign in / Sign up for free</span><img class="block lg:hidden" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2048%2048'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1600_10292)'%3e%3ccircle%20cx='24'%20cy='22'%20r='4.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3ccircle%20cx='24'%20cy='40'%20r='11.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1600_10292'%3e%3crect%20width='20'%20height='15'%20fill='white'%20transform='translate(14%2017)'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="48" height="48" alt="my-account"/></button></div><div class="absolute right-0 z-[10000]"></div></div></div><div class="hidden lg:block"><a rel="noopener" class="group inline-flex h-[37px] cursor-pointer items-center justify-center rounded-full bg-orange-300 px-6 font-poppins font-semibold tracking-tightest md:text-white visited:text-white text-2xs" data-testid="subscribe-trigger" href="https://subscribe.sph.com.sg/btpe-mthlyprepaid/?utm_campaign=btp99&utm_medium=sph-publication&utm_source=bt&utm_content=subscribebutton-header" target="_blank"><span class="opacity-100 duration-300 lg:group-hover:opacity-75">Subscribe</span></a></div></div></div></div></header><div class="block pt-1 text-center lg:hidden"><a rel="noopener" class="group inline-flex h-[37px] cursor-pointer items-center justify-center rounded-full px-6 font-poppins tracking-tightest md:text-white visited:text-white text-2xs bg-transparent !text-orange-300 visited:!text-orange-300 font-normal" data-testid="subscribe-trigger" href="https://subscribe.sph.com.sg/btpe-mthlyprepaid/?utm_campaign=btp99&utm_medium=sph-publication&utm_source=bt&utm_content=subscribebutton-header" target="_blank"><span class="opacity-100 duration-300 lg:group-hover:opacity-75">Subscribe from S$9.90/month</span><span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="arrow-right" class="svg-inline--fa fa-arrow-right fa-sm inline-block pl-2" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512"><path fill="currentColor" d="M438.6 278.6c12.5-12.5 12.5-32.8 0-45.3l-160-160c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3L338.8 224 32 224c-17.7 0-32 14.3-32 32s14.3 32 32 32l306.7 0L233.4 393.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0l160-160z"></path></svg></span></a></div><div class="fixed bottom-24 right-4 z-[99999] px-3 lg:px-0" data-testid="pulse-entry-component"><div data-testid="pulse-entry-tooltip-component"></div><div data-testid="pulse-entry-button-component"></div></div><div class="flex-none"><div data-component="component-container" class="container px-3"><h1 class="pb-3 pt-6 font-playfair text-6xl font-semibold uppercase text-gray-850 md:text-8xl">Companies & Markets</h1><div><div><div class="w-auto"><div class="border-b border-gray-850 pb-3 m-auto"><div class="splide"><div class="splide__arrows absolute bottom-1/2 flex w-full gap-2"><button class="splide__arrow splide__arrow--prev left-0 !bg-white disabled:opacity-0 min-[1040px]:-left-10"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-right" class="svg-inline--fa fa-chevron-right fa-sm block !h-4 !w-4 cursor-pointer rounded-full border border-black fill-gray-650 p-1.5 hover:opacity-100 " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 320 512"><path fill="currentColor" d="M310.6 233.4c12.5 12.5 12.5 32.8 0 45.3l-192 192c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3L242.7 256 73.4 86.6c-12.5-12.5-12.5-32.8 0-45.3s32.8-12.5 45.3 0l192 192z"></path></svg></button><button class="splide__arrow splide__arrow--next right-0 !bg-white disabled:opacity-0 min-[1040px]:-right-10"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-right" class="svg-inline--fa fa-chevron-right fa-sm block !h-4 !w-4 cursor-pointer rounded-full border border-black fill-gray-650 p-1.5 hover:opacity-100" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 320 512"><path fill="currentColor" d="M310.6 233.4c12.5 12.5 12.5 32.8 0 45.3l-192 192c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3L242.7 256 73.4 86.6c-12.5-12.5-12.5-32.8 0-45.3s32.8-12.5 45.3 0l192 192z"></path></svg></button></div><div class="splide__track [&>ul>li:first-child>div]:pl-0 [&>ul>li:last-child>div]:border-r-0 [&>ul>li:last-child>div]:pr-0"><ul class="splide__list"><li class="splide__slide"><div class="relative box-border flex shrink-0 items-center border-r border-gray-175 pr-3 font-poppins text-sm tracking-tightest text-gray-850 hover:opacity-80"><a href="/companies-markets?ref=listing-menubar">Top stories</a></div></li><li class="splide__slide"><div class="companies-markets-banking-finance relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 !font-bold px-3 hover:opacity-80 "><a href="/companies-markets/banking-finance?ref=listing-menubar">Banking & Finance</a></div></li><li class="splide__slide"><div class="companies-markets-reits-property relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 px-3 hover:opacity-80 "><a href="/companies-markets/reits-property?ref=listing-menubar">Reits & Property</a></div></li><li class="splide__slide"><div class="companies-markets-energy-commodities relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 px-3 hover:opacity-80 "><a href="/companies-markets/energy-commodities?ref=listing-menubar">Energy & Commodities</a></div></li><li class="splide__slide"><div class="companies-markets-telcos-media-tech relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 px-3 hover:opacity-80 "><a href="/companies-markets/telcos-media-tech?ref=listing-menubar">Telcos, Media & Tech</a></div></li><li class="splide__slide"><div class="companies-markets-transport-logistics relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 px-3 hover:opacity-80 "><a href="/companies-markets/transport-logistics?ref=listing-menubar">Transport & Logistics</a></div></li><li class="splide__slide"><div class="companies-markets-consumer-healthcare relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 px-3 hover:opacity-80 "><a href="/companies-markets/consumer-healthcare?ref=listing-menubar">Consumer & Healthcare</a></div></li><li class="splide__slide"><div class="companies-markets-capital-markets-currencies relative box-border flex shrink-0 items-center border-r border-gray-175 font-poppins text-sm font-normal tracking-tightest text-gray-850 px-3 hover:opacity-80 "><a href="/companies-markets/capital-markets-currencies?ref=listing-menubar">Capital Markets & Currencies</a></div></li></ul></div></div></div></div></div></div></div></div><div data-component="component-container" class="container px-3"></div><div data-component="component-container" class="container px-3 pt-6"><div data-component="component-row" class="-mx-3 flex flex-wrap"><div data-component="component-column" class="px-3 w-full lg:w-8/12 mb-6"><section data-testid="section-listing-component"><div class="stories"><div class="story border-b border-gray-175 pb-3"><div data-testid="basic-card" data-cueid="5888262" class="relative flex flex-wrap items-stretch"><div class="flex flex-grow flex-col w-3/4 lg:w-1/2 order-2 p-4 lg:pt-0 lg:pb-0 lg:pr-0 items-center lg:items-start text-center lg:text-left bg-gray-850 lg:bg-transparent text-white lg:text-gray-850"><h3 class="my-1 _title_d4ajx_12 text-4xl lg:text-6xl" data-testid="title_link_5888262"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="ECB watchers are now forecasting even lower rates for 2026" href="/international/ecb-watchers-are-now-forecasting-even-lower-rates-2026" target="_blank"><span class="inline-block hover:underline">ECB watchers are now forecasting even lower rates for 2026</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5887802" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/international/asean/indonesias-ina-japans-dbj-launch-hybrid-fund-mid-sized-businesses" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/2792ddd417e092aeefbf4573e1ba284b2b3d32afe7792dc0649e8b06a980aa47?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/2792ddd417e092aeefbf4573e1ba284b2b3d32afe7792dc0649e8b06a980aa47?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/2792ddd417e092aeefbf4573e1ba284b2b3d32afe7792dc0649e8b06a980aa47?q=20&w=3&h=2&f=webp" loading="lazy" alt="Indonesia plans to launch a second sovereign wealth fund named Danantara Indonesia on Feb 24, which aims to manage assets exceeding US$900 billion." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5887802"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses" href="/international/asean/indonesias-ina-japans-dbj-launch-hybrid-fund-mid-sized-businesses" target="_blank"><span class="inline-block hover:underline">Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5887034" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/australias-perpetual-gets-new-offer-kkr-its-wealth-trust-units" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/6d9bf0a3345e64b15ea6861551a3f4ec8abe3579d656d700cc1164741a9a1dac?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/6d9bf0a3345e64b15ea6861551a3f4ec8abe3579d656d700cc1164741a9a1dac?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/6d9bf0a3345e64b15ea6861551a3f4ec8abe3579d656d700cc1164741a9a1dac?q=20&w=3&h=2&f=webp" loading="lazy" alt="Media reports over the weekend stated KKR had returned with an enhanced all-cash proposal exceeding A$8 per share for the Australian asset manager’s corporate trust and wealth units." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5887034"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Australia’s Perpetual gets new offer from KKR for its wealth, trust units" href="/companies-markets/banking-finance/australias-perpetual-gets-new-offer-kkr-its-wealth-trust-units" target="_blank"><span class="inline-block hover:underline">Australia’s Perpetual gets new offer from KKR for its wealth, trust units</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5886882" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/hsbc-investors-back-ceos-investment-banking-retrenchment" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/aa15dc5d8233894a7038c955101cdf1166a0f8e66070340370332568f9370424?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/aa15dc5d8233894a7038c955101cdf1166a0f8e66070340370332568f9370424?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/aa15dc5d8233894a7038c955101cdf1166a0f8e66070340370332568f9370424?q=20&w=3&h=2&f=webp" loading="lazy" alt="Once a sprawling behemoth spanning more than 100 countries, HSBC has spent the last decade slowly shrinking its global footprint and exiting low-return businesses." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5886882"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="HSBC investors back CEO’s investment banking retrenchment" href="/companies-markets/banking-finance/hsbc-investors-back-ceos-investment-banking-retrenchment" target="_blank"><span class="inline-block hover:underline">HSBC investors back CEO’s investment banking retrenchment</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5886507" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/bank-japan-nearing-end-bank-stock-sales-shifts-focus-etf-assets" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/de7814facfe19491cf74e3cd67d84271ba776cd0e2f530c1d20686b8144a1a02?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/de7814facfe19491cf74e3cd67d84271ba776cd0e2f530c1d20686b8144a1a02?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/de7814facfe19491cf74e3cd67d84271ba776cd0e2f530c1d20686b8144a1a02?q=20&w=3&h=2&f=webp" loading="lazy" alt="The BOJ began to buy the stock funds in December 2010 as part of a monetary stimulus programme aimed at stoking inflation. " class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5886507"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Bank of Japan nearing end of bank stock sales shifts focus to ETF assets" href="/companies-markets/banking-finance/bank-japan-nearing-end-bank-stock-sales-shifts-focus-etf-assets" target="_blank"><span class="inline-block hover:underline">Bank of Japan nearing end of bank stock sales shifts focus to ETF assets</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div id="dfp-ad-bn1" class="ad-placeholder flex flex-col items-center justify-center border-b border-gray-175 py-3" data-testid="dfp-ad-bn1" data-ad-type="bn1" data-ad-index="0"></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5886467" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/westpac-posts-higher-quarterly-profit-loan-volumes-grow-late-repayments-decline" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/f2cee5a32f0d17dbc0a5e08b8fe2ed6364cf01fe5f77afbaf4930942e5cefb6b?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/f2cee5a32f0d17dbc0a5e08b8fe2ed6364cf01fe5f77afbaf4930942e5cefb6b?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/f2cee5a32f0d17dbc0a5e08b8fe2ed6364cf01fe5f77afbaf4930942e5cefb6b?q=20&w=3&h=2&f=webp" loading="lazy" alt="Westpac posted an unaudited net profit of A$1.7 billion (S$1.44 billion) for the three months ended December 31, compared with A$1.5 billion posted a year earlier." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5886467"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Westpac posts higher quarterly profit as loan volumes grow, late repayments decline" href="/companies-markets/westpac-posts-higher-quarterly-profit-loan-volumes-grow-late-repayments-decline" target="_blank"><span class="inline-block hover:underline">Westpac posts higher quarterly profit as loan volumes grow, late repayments decline</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5886458" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/australia-set-first-rate-cut-2020-trade-risks-mount" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b6b24e390bf093b6ade4015bd58abc504726fa97cfdcc49db429cf0e5672facd?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b6b24e390bf093b6ade4015bd58abc504726fa97cfdcc49db429cf0e5672facd?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/b6b24e390bf093b6ade4015bd58abc504726fa97cfdcc49db429cf0e5672facd?q=20&w=3&h=2&f=webp" loading="lazy" alt="The RBA’s level of policy restrictiveness remains broadly on par with its major counterparts because it did not tighten as aggressively in 2022 to 2023" class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5886458"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Australia set for first rate cut since 2020 as trade risks mount" href="/companies-markets/banking-finance/australia-set-first-rate-cut-2020-trade-risks-mount" target="_blank"><span class="inline-block hover:underline">Australia set for first rate cut since 2020 as trade risks mount</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5885979" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/rise-dollar-forwards-builds-risk-asias-central-banks" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/ac4a74c33771f74b436ec0ee790a10d00b424878dad37e71d8b1c4213120ced5?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/ac4a74c33771f74b436ec0ee790a10d00b424878dad37e71d8b1c4213120ced5?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/ac4a74c33771f74b436ec0ee790a10d00b424878dad37e71d8b1c4213120ced5?q=20&w=3&h=2&f=webp" loading="lazy" alt="The Reserve Bank of India’s net US dollar short forward position – the amount of dollars that will be sold at a future date for a pre-set price – hit an all-time high of US$68 billion in December." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5885979"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Rise of US dollar forwards builds risk for Asia’s central banks" href="/companies-markets/banking-finance/rise-dollar-forwards-builds-risk-asias-central-banks" target="_blank"><span class="inline-block hover:underline">Rise of US dollar forwards builds risk for Asia’s central banks</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5884774" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/outcome-italys-bank-m-wave-be-decided-investors-cenbank-says" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b910f83cc308867996326660441ac2816e020fe517a3de5c3f2b57c6ebc67285?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/b910f83cc308867996326660441ac2816e020fe517a3de5c3f2b57c6ebc67285?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/b910f83cc308867996326660441ac2816e020fe517a3de5c3f2b57c6ebc67285?q=20&w=3&h=2&f=webp" loading="lazy" alt="Italy’s No 2 bank UniCredit has bid for smaller rival Banco BPM, which in turn is trying to buy fund manager Anima Holding. " class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5884774"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Outcome of Italy’s bank M&A wave to be decided by investors: central bank" href="/companies-markets/banking-finance/outcome-italys-bank-m-wave-be-decided-investors-cenbank-says" target="_blank"><span class="inline-block hover:underline">Outcome of Italy’s bank M&A wave to be decided by investors: central bank</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div><div class="story border-b border-gray-175 py-3"><div data-testid="basic-card" data-cueid="5884742" class="relative flex flex-wrap items-stretch"><div class="relative flex order-1 flex-shrink-0 lg:order-2 w-1/4"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/banking-finance/resurging-uk-inflation-will-keep-boe-cautious-cutting-rates" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/124e34477f61e1d31d8db401e08fe41655f9b48761e7c14cf78aab017cce2775?w=400&h=267&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/124e34477f61e1d31d8db401e08fe41655f9b48761e7c14cf78aab017cce2775?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/124e34477f61e1d31d8db401e08fe41655f9b48761e7c14cf78aab017cce2775?q=20&w=3&h=2&f=webp" loading="lazy" alt="While there are signs that Britain’s jobs market is loosening, pay pressures are seen as too strong to keep inflation near the BOE’s 2 per cent target." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-3/4 order-2 lg:order-1 pl-4 lg:pl-0 lg:pr-4"><div data-testid="basic-card-kicker-component" class="break-words font-poppins text-4xs font-light leading-4 text-gray-515">CENTRAL BANK WATCH</div><h3 class="my-1 _title_d4ajx_12" data-testid="title_link_5884742"><a class="inherit word-break hover:underline text-gray-850" rel="noopener" title="Resurging UK inflation to keep BOE cautious on cutting rates" href="/companies-markets/banking-finance/resurging-uk-inflation-will-keep-boe-cautious-cutting-rates" target="_blank"><span class="inline-block hover:underline">Resurging UK inflation to keep BOE cautious on cutting rates</span></a></h3><div class="mt-auto"><div class="_createTime_d4ajx_101 truncate uppercase" data-testid="create-time-component"></div></div></div></div></div></div><div></div></section></div><div data-component="component-column" class="px-3 w-full lg:w-4/12 mb-6"><div class="mb-6 lg:h-[800px]"><div id="dfp-ad-imu2" class="ad-placeholder flex flex-col items-center justify-center lg:!sticky lg:top-[60px]" data-testid="dfp-ad-imu2" data-ad-type="imu2" data-ad-index="0"></div></div></div></div></div><div id="dfp-ad-catfish" class="ad-placeholder" data-testid="dfp-ad-catfish" data-ad-type="catfish" data-ad-index="0"></div><div id="dfp-ad-abm" class="ad-placeholder" data-testid="dfp-ad-abm" data-ad-type="abm" data-ad-index="0"></div><div id="dfp-ad-prestitial" class="ad-placeholder" data-testid="dfp-ad-prestitial" data-ad-type="prestitial" data-ad-index="0"></div></div></div></main><div data-testid="footer-container" id="footer-container" class="antialiased"><div data-component="component-container" class="container px-3 pt-0 pb-10 lg:pb-8"><div class="flex items-center justify-between border-t-2 border-gray-850 pb-5 pt-6 lg:pb-8"><div class="px-0 !py-0 max-w-[300px] lg:max-w-[360px] py-4 lg:py-0"><a title="The Business Times" href="/?ref=logo"><img src="/assets-web2/logo-masthead-PNobukBu.svg" alt="The Business Times" width="360" height="31"/></a></div><div class="hidden lg:block"><div class="mx-auto flex max-w-[300px] flex-wrap justify-center gap-3 sm:max-w-full lg:gap-2"><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://t.me/BizTimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="telegram" data-testid="link-button-telegram" aria-label="telegram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20fill-rule='evenodd'%20clip-rule='evenodd'%20d='M2.30615%2010.7785C7.40641%208.55638%2010.8074%207.09144%2012.5091%206.38365C17.3677%204.36276%2018.3773%204.01172%2019.0354%204.00012C19.1801%203.99757%2019.5037%204.03344%2019.7133%204.20353C19.8903%204.34715%2019.939%204.54116%2019.9623%204.67733C19.9856%204.8135%2020.0146%205.12369%2019.9916%205.36606C19.7283%208.1325%2018.589%2014.8459%2018.0094%2017.9444C17.7642%2019.2554%2017.2813%2019.695%2016.8138%2019.7381C15.7978%2019.8315%2015.0263%2019.0666%2014.0422%2018.4216C12.5024%2017.4122%2011.6325%2016.7839%2010.1378%2015.7989C8.4105%2014.6606%209.53027%2014.035%2010.5147%2013.0125C10.7723%2012.7449%2015.2488%208.67325%2015.3354%208.30388C15.3463%208.25768%2015.3563%208.08549%2015.254%207.99456C15.1517%207.90364%2015.0007%207.93473%2014.8918%207.95946C14.7373%207.99451%2012.2775%209.62041%207.51212%2012.8371C6.81389%2013.3166%206.18145%2013.5502%205.61481%2013.538C4.99014%2013.5245%203.78851%2013.1848%202.89523%2012.8944C1.79958%2012.5382%200.928776%2012.3499%201.0046%2011.7451C1.0441%2011.43%201.47795%2011.1078%202.30615%2010.7785Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Telegram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://wa.me/?text=THE%20BUSINESS%20TIMES%20-%20Get%20the%20Latest%20Business%20%26%20Financial%20News%20%0D%0Ahttps%3A%2F%2Fwww.businesstimes.com.sg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="whatsapp" data-testid="link-button-whatsapp" aria-label="whatsapp" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M19.0854%204.91005C18.164%203.98398%2017.0665%203.24972%2015.8569%202.75011C14.6473%202.25049%2013.3499%201.99552%2012.0402%202.00006C6.55276%202.00006%202.0804%206.45005%202.0804%2011.91C2.0804%2013.66%202.54271%2015.36%203.40704%2016.86L2%2022L7.27638%2020.62C8.73367%2021.41%2010.3719%2021.83%2012.0402%2021.83C17.5276%2021.83%2022%2017.38%2022%2011.92C22%209.27004%2020.9648%206.78005%2019.0854%204.91005ZM12.0402%2020.15C10.5528%2020.15%209.09548%2019.75%207.81909%2019L7.51759%2018.82L4.38191%2019.64L5.21608%2016.6L5.01508%2016.29C4.18869%2014.977%203.74989%2013.4593%203.74874%2011.91C3.74874%207.37004%207.46734%203.67005%2012.0301%203.67005C14.2412%203.67005%2016.3216%204.53005%2017.8794%206.09005C18.6507%206.85401%2019.262%207.7627%2019.6778%208.76346C20.0936%209.76422%2020.3056%2010.8371%2020.3015%2011.92C20.3216%2016.46%2016.603%2020.15%2012.0402%2020.15ZM16.5829%2013.99C16.3317%2013.87%2015.1055%2013.27%2014.8844%2013.18C14.6533%2013.1%2014.4925%2013.06%2014.3216%2013.3C14.1508%2013.55%2013.6784%2014.11%2013.5377%2014.27C13.397%2014.44%2013.2462%2014.46%2012.995%2014.33C12.7437%2014.21%2011.9397%2013.94%2010.995%2013.1C10.2513%2012.44%209.75879%2011.63%209.60804%2011.38C9.46734%2011.13%209.58794%2011%209.71859%2010.87C9.82914%2010.76%209.96985%2010.58%2010.0905%2010.44C10.2111%2010.3%2010.2613%2010.19%2010.3417%2010.03C10.4221%209.86004%2010.3819%209.72004%2010.3216%209.60004C10.2613%209.48004%209.75879%208.26004%209.55779%207.76004C9.35678%207.28004%209.14573%207.34004%208.99497%207.33004H8.51256C8.34171%207.33004%208.0804%207.39004%207.84925%207.64004C7.62814%207.89004%206.98492%208.49004%206.98492%209.71004C6.98492%2010.93%207.8794%2012.11%208%2012.27C8.1206%2012.44%209.75879%2014.94%2012.2513%2016.01C12.8442%2016.27%2013.3065%2016.42%2013.6683%2016.53C14.2613%2016.72%2014.804%2016.69%2015.2362%2016.63C15.7186%2016.56%2016.7136%2016.03%2016.9146%2015.45C17.1256%2014.87%2017.1256%2014.38%2017.0553%2014.27C16.9849%2014.16%2016.8342%2014.11%2016.5829%2013.99Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="icon"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.instagram.com/businesstimessg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="instagram" data-testid="link-button-instagram" aria-label="instagram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1157_680)'%3e%3cpath%20d='M7.8%202H16.2C19.4%202%2022%204.6%2022%207.8V16.2C22%2017.7383%2021.3889%2019.2135%2020.3012%2020.3012C19.2135%2021.3889%2017.7383%2022%2016.2%2022H7.8C4.6%2022%202%2019.4%202%2016.2V7.8C2%206.26174%202.61107%204.78649%203.69878%203.69878C4.78649%202.61107%206.26174%202%207.8%202ZM7.6%204C6.64522%204%205.72955%204.37928%205.05442%205.05442C4.37928%205.72955%204%206.64522%204%207.6V16.4C4%2018.39%205.61%2020%207.6%2020H16.4C17.3548%2020%2018.2705%2019.6207%2018.9456%2018.9456C19.6207%2018.2705%2020%2017.3548%2020%2016.4V7.6C20%205.61%2018.39%204%2016.4%204H7.6ZM17.25%205.5C17.5815%205.5%2017.8995%205.6317%2018.1339%205.86612C18.3683%206.10054%2018.5%206.41848%2018.5%206.75C18.5%207.08152%2018.3683%207.39946%2018.1339%207.63388C17.8995%207.8683%2017.5815%208%2017.25%208C16.9185%208%2016.6005%207.8683%2016.3661%207.63388C16.1317%207.39946%2016%207.08152%2016%206.75C16%206.41848%2016.1317%206.10054%2016.3661%205.86612C16.6005%205.6317%2016.9185%205.5%2017.25%205.5ZM12%207C13.3261%207%2014.5979%207.52678%2015.5355%208.46447C16.4732%209.40215%2017%2010.6739%2017%2012C17%2013.3261%2016.4732%2014.5979%2015.5355%2015.5355C14.5979%2016.4732%2013.3261%2017%2012%2017C10.6739%2017%209.40215%2016.4732%208.46447%2015.5355C7.52678%2014.5979%207%2013.3261%207%2012C7%2010.6739%207.52678%209.40215%208.46447%208.46447C9.40215%207.52678%2010.6739%207%2012%207ZM12%209C11.2044%209%2010.4413%209.31607%209.87868%209.87868C9.31607%2010.4413%209%2011.2044%209%2012C9%2012.7956%209.31607%2013.5587%209.87868%2014.1213C10.4413%2014.6839%2011.2044%2015%2012%2015C12.7956%2015%2013.5587%2014.6839%2014.1213%2014.1213C14.6839%2013.5587%2015%2012.7956%2015%2012C15%2011.2044%2014.6839%2010.4413%2014.1213%209.87868C13.5587%209.31607%2012.7956%209%2012%209Z'%20fill='%232B2B2B'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1157_680'%3e%3crect%20width='24'%20height='24'%20fill='white'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="24" height="24" alt="Share on Instagram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.facebook.com/thebusinesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="facebook" data-testid="link-button-facebook" aria-label="facebook" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M13.3333%209.33333V7.74583C13.3333%207.02917%2013.4917%206.66667%2014.6042%206.66667H16V4H13.6708C10.8167%204%209.875%205.30833%209.875%207.55417V9.33333H8V12H9.875V20H13.3333V12H15.6833L16%209.33333H13.3333Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Facebook"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://twitter.com/businesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="twitter" data-testid="link-button-twitter" aria-label="twitter" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M16.3134%205.2207H18.6135L13.5884%2010.964L19.5%2018.7793H14.8706L11.2452%2014.0394L7.097%2018.7793H4.79551L10.1703%2012.6362L4.5%205.2207H9.24551L12.5225%209.5532L16.3134%205.2207ZM15.5061%2017.4026H16.7806L8.55368%206.52511H7.186L15.5061%2017.4026Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Twitter"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.linkedin.com/showcase/the-business-times" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="linkedin" data-testid="link-button-linkedin" aria-label="linkedin" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M5.37194%209.72833H8.28677V18.5H5.37194V9.72833ZM6.84886%205.5C5.85124%205.5%205.19946%206.15495%205.19946%207.01459C5.19946%207.85655%205.83216%208.53054%206.81072%208.53054H6.8293C7.846%208.53054%208.47916%207.85652%208.47916%207.01459C8.46008%206.15495%207.84604%205.5%206.84886%205.5ZM15.4435%209.52227C13.8963%209.52227%2013.2031%2010.3733%2012.8164%2010.9701V9.72833H9.90071C9.93931%2010.5512%209.90071%2018.5%209.90071%2018.5H12.8164V13.6013C12.8164%2013.3389%2012.8355%2013.0775%2012.9122%2012.8896C13.1233%2012.3658%2013.603%2011.8234%2014.4077%2011.8234C15.4635%2011.8234%2015.8851%2012.6282%2015.8851%2013.8068V18.5H18.8004V13.4701C18.8004%2010.7759%2017.3625%209.52227%2015.4435%209.52227Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Linkedin"/></a></div></div></div><div data-testid="footer-navigation-items" class="flex flex-col lg:flex-row lg:gap-6"><div class="flex flex-col lg:flex-row lg:gap-6"><div data-testid="footer-navigation-news" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-news" data-testid="side-drawer-navigation-news"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>News</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-breaking-news" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/breaking-news?ref=footer">Breaking News</a><a data-testid="footer-children-property" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/property?ref=footer">Property</a><a data-testid="footer-children-property-residential" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/property/residential?ref=footer">Residential</a><a data-testid="footer-children-property-commercial-industrial" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/property/commercial-industrial?ref=footer">Commercial & Industrial</a><a data-testid="footer-children-singapore" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/singapore?ref=footer">Singapore</a><a data-testid="footer-children-international" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/international?ref=footer">International</a><a data-testid="footer-children-startups-tech" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/startups-tech?ref=footer">Startups & Tech</a><a data-testid="footer-children-opinion-features" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/opinion-features?ref=footer">Opinion & Features</a><a data-testid="footer-children-esg" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/esg?ref=footer">ESG</a><a data-testid="footer-children-working-life" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/working-life?ref=footer">Working Life</a></div></div></div><div data-testid="footer-navigation-companies" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-companies" data-testid="side-drawer-navigation-companies"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Companies</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-companies-markets" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets?ref=footer">Companies & Markets</a><a data-testid="footer-children-companies-markets-banking-finance" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/banking-finance?ref=footer">Banking & Finance</a><a data-testid="footer-children-companies-markets-reits-property" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/reits-property?ref=footer">Reits & Property</a><a data-testid="footer-children-companies-markets-energy-commodities" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/energy-commodities?ref=footer">Energy & Commodities</a><a data-testid="footer-children-companies-markets-telcos-media-tech" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/telcos-media-tech?ref=footer">Telcos, Media & Tech</a><a data-testid="footer-children-companies-markets-transport-logistics" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/transport-logistics?ref=footer">Transport & Logistics</a><a data-testid="footer-children-companies-markets-consumer-healthcare" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/consumer-healthcare?ref=footer">Consumer & Healthcare</a><a data-testid="footer-children-companies-markets-capital-markets-currencies" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/capital-markets-currencies?ref=footer">Capital Markets & Currencies</a></div></div></div><div data-testid="footer-navigation-wealth" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-wealth" data-testid="side-drawer-navigation-wealth"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Wealth</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-wealth" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth?ref=footer">Wealth</a><a data-testid="footer-children-wealth-wealth-investing" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/wealth-investing?ref=footer">Wealth & Investing</a><a data-testid="footer-children-wealth-personal-finance" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/personal-finance?ref=footer">Personal Finance</a><a data-testid="footer-children-wealth-crypto-alternative-assets" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/crypto-alternative-assets?ref=footer">Crypto & Alternative Assets</a><a data-testid="footer-children-wealth-supplements" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/supplements?ref=footer">Supplements</a></div></div></div><div data-testid="footer-navigation-living" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-living" data-testid="side-drawer-navigation-living"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Living</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-lifestyle" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle?ref=footer">Lifestyle</a><a data-testid="footer-children-lifestyle-food-drink" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/food-drink?ref=footer">Food & Drink</a><a data-testid="footer-children-lifestyle-motoring" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/motoring?ref=footer">Motoring</a><a data-testid="footer-children-lifestyle-style-travel" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/style-travel?ref=footer">Style & Travel</a><a data-testid="footer-children-lifestyle-watches" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/watches?ref=footer">Watches</a><a data-testid="footer-children-lifestyle-arts-design" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/arts-design?ref=footer">Arts & Design</a><a data-testid="footer-children-lifestyle-bt-luxe" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/bt-luxe?ref=footer">BT Luxe</a></div></div></div><div data-testid="footer-navigation-more" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-more" data-testid="side-drawer-navigation-more"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>More</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-epaper" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="https://e-paper.sph.com.sg/bt?ref=footer" target="_blank">E-paper</a><a data-testid="footer-children-videos" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/videos?ref=footer">Videos</a><a data-testid="footer-children-newsletter" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/newsletter/sign-up?ref=footer">Newsletters</a><a data-testid="footer-children-podcasts" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/podcasts?ref=footer">Podcasts</a><a data-testid="footer-children-Personal Subscription" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="https://subscribe.sph.com.sg/promotions/bt-personal/?ref=footer">Personal Subscription</a><a data-testid="footer-children-Group Subscription" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="https://subscribe.sph.com.sg/corporate-plans/?ref=footer">Group Subscription</a><a data-testid="footer-children-paid-press-release" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/paid-press-release?ref=footer">Paid Press Release</a><a data-testid="footer-children-advertise" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/advertise?ref=footer">Advertise with Us</a><a data-testid="footer-children-events-awards" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/events-awards?ref=footer">Events & Awards</a></div></div></div></div><div class="border-gray-175 lg:border-l lg:pl-6"><div data-testid="footer-navigation-recommends" class="flex-1"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-recommends" data-testid="side-drawer-navigation-recommends"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>bt recommends</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-thrive" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/thrive?ref=footer">Thrive</a><a data-testid="footer-children-startups-tech-tech-in-asia" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/tech-in-asia?ref=footer">Tech in Asia</a><a data-testid="footer-children-international-asean" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/international/asean?ref=footer">Asean Business</a><a data-testid="footer-children-international-global" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/international/global?ref=footer">Global Enterprise</a><a data-testid="footer-children-singapore-smes" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/singapore/smes?ref=footer">SGSME</a></div></div></div><div class="mt-6 border-t border-gray-175 pt-8 lg:pt-6"><div class="mx-auto block pb-10 text-center lg:hidden"><div class="mx-auto flex max-w-[300px] flex-wrap justify-center gap-3 sm:max-w-full lg:gap-2"><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://t.me/BizTimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="telegram" data-testid="link-button-telegram" aria-label="telegram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20fill-rule='evenodd'%20clip-rule='evenodd'%20d='M2.30615%2010.7785C7.40641%208.55638%2010.8074%207.09144%2012.5091%206.38365C17.3677%204.36276%2018.3773%204.01172%2019.0354%204.00012C19.1801%203.99757%2019.5037%204.03344%2019.7133%204.20353C19.8903%204.34715%2019.939%204.54116%2019.9623%204.67733C19.9856%204.8135%2020.0146%205.12369%2019.9916%205.36606C19.7283%208.1325%2018.589%2014.8459%2018.0094%2017.9444C17.7642%2019.2554%2017.2813%2019.695%2016.8138%2019.7381C15.7978%2019.8315%2015.0263%2019.0666%2014.0422%2018.4216C12.5024%2017.4122%2011.6325%2016.7839%2010.1378%2015.7989C8.4105%2014.6606%209.53027%2014.035%2010.5147%2013.0125C10.7723%2012.7449%2015.2488%208.67325%2015.3354%208.30388C15.3463%208.25768%2015.3563%208.08549%2015.254%207.99456C15.1517%207.90364%2015.0007%207.93473%2014.8918%207.95946C14.7373%207.99451%2012.2775%209.62041%207.51212%2012.8371C6.81389%2013.3166%206.18145%2013.5502%205.61481%2013.538C4.99014%2013.5245%203.78851%2013.1848%202.89523%2012.8944C1.79958%2012.5382%200.928776%2012.3499%201.0046%2011.7451C1.0441%2011.43%201.47795%2011.1078%202.30615%2010.7785Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Telegram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://wa.me/?text=THE%20BUSINESS%20TIMES%20-%20Get%20the%20Latest%20Business%20%26%20Financial%20News%20%0D%0Ahttps%3A%2F%2Fwww.businesstimes.com.sg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="whatsapp" data-testid="link-button-whatsapp" aria-label="whatsapp" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M19.0854%204.91005C18.164%203.98398%2017.0665%203.24972%2015.8569%202.75011C14.6473%202.25049%2013.3499%201.99552%2012.0402%202.00006C6.55276%202.00006%202.0804%206.45005%202.0804%2011.91C2.0804%2013.66%202.54271%2015.36%203.40704%2016.86L2%2022L7.27638%2020.62C8.73367%2021.41%2010.3719%2021.83%2012.0402%2021.83C17.5276%2021.83%2022%2017.38%2022%2011.92C22%209.27004%2020.9648%206.78005%2019.0854%204.91005ZM12.0402%2020.15C10.5528%2020.15%209.09548%2019.75%207.81909%2019L7.51759%2018.82L4.38191%2019.64L5.21608%2016.6L5.01508%2016.29C4.18869%2014.977%203.74989%2013.4593%203.74874%2011.91C3.74874%207.37004%207.46734%203.67005%2012.0301%203.67005C14.2412%203.67005%2016.3216%204.53005%2017.8794%206.09005C18.6507%206.85401%2019.262%207.7627%2019.6778%208.76346C20.0936%209.76422%2020.3056%2010.8371%2020.3015%2011.92C20.3216%2016.46%2016.603%2020.15%2012.0402%2020.15ZM16.5829%2013.99C16.3317%2013.87%2015.1055%2013.27%2014.8844%2013.18C14.6533%2013.1%2014.4925%2013.06%2014.3216%2013.3C14.1508%2013.55%2013.6784%2014.11%2013.5377%2014.27C13.397%2014.44%2013.2462%2014.46%2012.995%2014.33C12.7437%2014.21%2011.9397%2013.94%2010.995%2013.1C10.2513%2012.44%209.75879%2011.63%209.60804%2011.38C9.46734%2011.13%209.58794%2011%209.71859%2010.87C9.82914%2010.76%209.96985%2010.58%2010.0905%2010.44C10.2111%2010.3%2010.2613%2010.19%2010.3417%2010.03C10.4221%209.86004%2010.3819%209.72004%2010.3216%209.60004C10.2613%209.48004%209.75879%208.26004%209.55779%207.76004C9.35678%207.28004%209.14573%207.34004%208.99497%207.33004H8.51256C8.34171%207.33004%208.0804%207.39004%207.84925%207.64004C7.62814%207.89004%206.98492%208.49004%206.98492%209.71004C6.98492%2010.93%207.8794%2012.11%208%2012.27C8.1206%2012.44%209.75879%2014.94%2012.2513%2016.01C12.8442%2016.27%2013.3065%2016.42%2013.6683%2016.53C14.2613%2016.72%2014.804%2016.69%2015.2362%2016.63C15.7186%2016.56%2016.7136%2016.03%2016.9146%2015.45C17.1256%2014.87%2017.1256%2014.38%2017.0553%2014.27C16.9849%2014.16%2016.8342%2014.11%2016.5829%2013.99Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="icon"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.instagram.com/businesstimessg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="instagram" data-testid="link-button-instagram" aria-label="instagram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1157_680)'%3e%3cpath%20d='M7.8%202H16.2C19.4%202%2022%204.6%2022%207.8V16.2C22%2017.7383%2021.3889%2019.2135%2020.3012%2020.3012C19.2135%2021.3889%2017.7383%2022%2016.2%2022H7.8C4.6%2022%202%2019.4%202%2016.2V7.8C2%206.26174%202.61107%204.78649%203.69878%203.69878C4.78649%202.61107%206.26174%202%207.8%202ZM7.6%204C6.64522%204%205.72955%204.37928%205.05442%205.05442C4.37928%205.72955%204%206.64522%204%207.6V16.4C4%2018.39%205.61%2020%207.6%2020H16.4C17.3548%2020%2018.2705%2019.6207%2018.9456%2018.9456C19.6207%2018.2705%2020%2017.3548%2020%2016.4V7.6C20%205.61%2018.39%204%2016.4%204H7.6ZM17.25%205.5C17.5815%205.5%2017.8995%205.6317%2018.1339%205.86612C18.3683%206.10054%2018.5%206.41848%2018.5%206.75C18.5%207.08152%2018.3683%207.39946%2018.1339%207.63388C17.8995%207.8683%2017.5815%208%2017.25%208C16.9185%208%2016.6005%207.8683%2016.3661%207.63388C16.1317%207.39946%2016%207.08152%2016%206.75C16%206.41848%2016.1317%206.10054%2016.3661%205.86612C16.6005%205.6317%2016.9185%205.5%2017.25%205.5ZM12%207C13.3261%207%2014.5979%207.52678%2015.5355%208.46447C16.4732%209.40215%2017%2010.6739%2017%2012C17%2013.3261%2016.4732%2014.5979%2015.5355%2015.5355C14.5979%2016.4732%2013.3261%2017%2012%2017C10.6739%2017%209.40215%2016.4732%208.46447%2015.5355C7.52678%2014.5979%207%2013.3261%207%2012C7%2010.6739%207.52678%209.40215%208.46447%208.46447C9.40215%207.52678%2010.6739%207%2012%207ZM12%209C11.2044%209%2010.4413%209.31607%209.87868%209.87868C9.31607%2010.4413%209%2011.2044%209%2012C9%2012.7956%209.31607%2013.5587%209.87868%2014.1213C10.4413%2014.6839%2011.2044%2015%2012%2015C12.7956%2015%2013.5587%2014.6839%2014.1213%2014.1213C14.6839%2013.5587%2015%2012.7956%2015%2012C15%2011.2044%2014.6839%2010.4413%2014.1213%209.87868C13.5587%209.31607%2012.7956%209%2012%209Z'%20fill='%232B2B2B'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1157_680'%3e%3crect%20width='24'%20height='24'%20fill='white'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="24" height="24" alt="Share on Instagram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.facebook.com/thebusinesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="facebook" data-testid="link-button-facebook" aria-label="facebook" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M13.3333%209.33333V7.74583C13.3333%207.02917%2013.4917%206.66667%2014.6042%206.66667H16V4H13.6708C10.8167%204%209.875%205.30833%209.875%207.55417V9.33333H8V12H9.875V20H13.3333V12H15.6833L16%209.33333H13.3333Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Facebook"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://twitter.com/businesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="twitter" data-testid="link-button-twitter" aria-label="twitter" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M16.3134%205.2207H18.6135L13.5884%2010.964L19.5%2018.7793H14.8706L11.2452%2014.0394L7.097%2018.7793H4.79551L10.1703%2012.6362L4.5%205.2207H9.24551L12.5225%209.5532L16.3134%205.2207ZM15.5061%2017.4026H16.7806L8.55368%206.52511H7.186L15.5061%2017.4026Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Twitter"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.linkedin.com/showcase/the-business-times" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="linkedin" data-testid="link-button-linkedin" aria-label="linkedin" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M5.37194%209.72833H8.28677V18.5H5.37194V9.72833ZM6.84886%205.5C5.85124%205.5%205.19946%206.15495%205.19946%207.01459C5.19946%207.85655%205.83216%208.53054%206.81072%208.53054H6.8293C7.846%208.53054%208.47916%207.85652%208.47916%207.01459C8.46008%206.15495%207.84604%205.5%206.84886%205.5ZM15.4435%209.52227C13.8963%209.52227%2013.2031%2010.3733%2012.8164%2010.9701V9.72833H9.90071C9.93931%2010.5512%209.90071%2018.5%209.90071%2018.5H12.8164V13.6013C12.8164%2013.3389%2012.8355%2013.0775%2012.9122%2012.8896C13.1233%2012.3658%2013.603%2011.8234%2014.4077%2011.8234C15.4635%2011.8234%2015.8851%2012.6282%2015.8851%2013.8068V18.5H18.8004V13.4701C18.8004%2010.7759%2017.3625%209.52227%2015.4435%209.52227Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Linkedin"/></a></div></div><div class="hidden lg:block"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Mobile</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden -rotate-180" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div></div><div class="pt-3"><div class="flex flex-row justify-center gap-1 lg:flex-col"><a class="mr-5 lg:mr-1" rel=" noopener noreferrer" href="https://apps.apple.com/sg/app/the-business-times/id531275824" target="_blank"><img width="135" height="40" src="/assets-web2/icon-app-ios-D0cj50Hv.svg" alt="Download on the Apple Store"/></a><a rel="noreferrer noopener" href="https://play.google.com/store/apps/details?id=com.ps.bt&hl=en" target="_blank"><img width="135" height="40" src="/assets-web2/icon-app-google-pUYdZ-wS.svg" alt="Download on the Google Play Store"/></a></div></div></div></div></div></div><div data-component="component-container" class="container px-3"><div class="w-full border-t py-4"><ul class="flex flex-wrap justify-center gap-3 font-public-sans text-4xs text-gray-650 md:gap-5"><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="/content/about-us?ref=footer">about us</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="/content/contact-us?ref=footer">contact us</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="/help?ref=footer">help</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/sph_privacy/?ref=footer">privacy policy</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/website_tnc/?ref=footer">terms & conditions</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/cookie-policy/?ref=footer">cookie policy</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/pdpa/?ref=footer">data protection policy</a></li></ul><div class="py-4 text-center font-public-sans text-4xs leading-[1.375rem] tracking-[0.00294rem] text-gray-650"><p class="mb-0">MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.</p></div></div></div></div><div data-testid="cas-block-component" id="sph_cdp_76"></div><span data-testid="package-version-tag" class="hidden">2.14.6</span><span data-testid="page-generated-at-tag" class="hidden"></span><script>window.__staticRouterHydrationData = JSON.parse("{\"loaderData\":{\"1\":\"%7B%22type%22%3A0%2C%22statusCode%22%3A200%2C%22payload%22%3A%7B%22kind%22%3A%22section%22%2C%22data%22%3A%7B%22entity%22%3A%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%22%2C%22title%22%3A%22Banking%20%26%20Finance%20-%20Companies%20%26%20Markets%20-%20The%20Business%20Times%22%2C%22overview%22%3A%5B%7B%22id%22%3A%225888262%22%2C%22title%22%3A%22ECB%20watchers%20are%20now%20forecasting%20even%20lower%20rates%20for%202026%22%2C%22urlPath%22%3A%22%2Finternational%2Fecb-watchers-are-now-forecasting-even-lower-rates-2026%22%2C%22created%22%3A%222025-02-17T06%3A02%3A17.000Z%22%2C%22updated%22%3A%222025-02-17T06%3A02%3A41.000Z%22%2C%22edited%22%3A%222025-02-17T06%3A02%3A43.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Officials%20are%20debating%20how%20much%20further%20to%20cut%20rates%20after%20five%20such%20moves%20since%20last%20June.%20%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20AFP%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22KIRILL%20KUDRYAVTSEV%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Companies%20and%20households%20also%20face%20a%20lack%20of%20political%20direction%20in%20France%20and%20Germany%2C%20whose%20lacklustre%20economies%20have%20been%20holding%20back%20the%20wider%20region.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5848351%22%2C%22content%22%3A%7B%22sourceId%22%3A%2256a435aa-c8c9-48ab-9f8b-c042df037706%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5848351%2F2025%2F2%2F8%2F6%2Ffile7z5d6y6bczlxvgow9lz.jpg%22%2C%22id%22%3A%225848351%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F042f1e0cce8050bf633921092f295033f287fc0c7616f3080f45d8dff6af0592%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FORIGINAL%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FLANDSCAPE_480%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FLANDSCAPE_480%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FLANDSCAPE_1024%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FLANDSCAPE_1024%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FBASE_WIDE%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A8256%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fbc3c27b471306cf7374f9df89bf3162b0709537749518d3ad89c25874a5b2b75%22%2C%22height%22%3A5504%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F4996b88bb199def5e3ac36b51c07d54ba3371ca184b813dd086cc2c5a85238d8%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F8ef02f3b5bfc9c81cdd38c81dd5d3d0a863fe23a14ade4e1ee974f9324102eaa%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22Flags%20of%20the%20European%20Union%20(EU)%20flutter%20in%20front%20of%20the%20headquarters%20of%20the%20European%20Central%20Bank%20(ECB)%20prior%20to%20a%20press%20conference%20on%20the%20Eurozone's%20monetary%20policy%20in%20Frankfurt%20am%20Main%2C%20western%20Germany%2C%20on%20January%2030%2C%202025.%20(Photo%20by%20Kirill%20KUDRYAVTSEV%20%2F%20AFP)%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FBASE_FREE%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221738965704402%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%221560709%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%228256%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7z5d6y6bczlxvgow9lz.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%225504%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FBASE_PORTRAIT%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F355353da5bc66662e464aa06726c42f998fcf8aa20c7df14fdfb4385e85b0b95%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fd928b82d905186325b78b940be8966a7f7ce43ab81d14ee9d1e68f07759a9c9b%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FBASE_SQUARE%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7546d3846aa9dfa6579922d7b27ee1fd849f7afe3f0082717ce1f599b186f641%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FBASE_SQUARE_30_26%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22AFP%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe9030ae0e988c737f1c3aed70574f1cf1b749214fbb54a85f6ab3814741eedf9%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F4996b88bb199def5e3ac36b51c07d54ba3371ca184b813dd086cc2c5a85238d8%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fp250f0-germany-ecb-eurozone-inflation-rate-122953.jpg%2Falternates%2FBASE_LANDSCAPE%2FGERMANY-ECB-EUROZONE-INFLATION-RATE-122953.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%2250360f5c-00d0-408a-b353-f6c8d2215f03%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22EURO-ZONE%20forecasters%20are%20increasingly%20predicting%20that%20the%20European%20Central%20Bank%20(ECB)%20will%20resume%20interest-rate%20cutting%20after%20a%20pause%20with%20a%20reduction%20below%202%20per%20cent%20in%202026.%20%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22Economists%20expect%200.9%20per%20cent%20expansion%20in%20the%20euro%20area%20this%20year%2C%20down%20from%201%20per%20cent%20in%20the%20previous%20poll%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22international%22%2C%22name%22%3A%22International%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Finternational%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22international%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fecb%22%5D%2C%22name%22%3A%22ECB%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fecb%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Aecb%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221126%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22527%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fecb%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fecb%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Finterest-rates%22%5D%2C%22name%22%3A%22Interest%20rates%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Finterest-rates%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Ainterest-rates%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221482%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22595%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Finterest-rates%22%2C%22urlPath%22%3A%22%2Fkeywords%2Finterest-rates%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225887802%22%2C%22title%22%3A%22Indonesia%E2%80%99s%20INA%2C%20Japan%E2%80%99s%20DBJ%20launch%20hybrid%20fund%20for%20mid-sized%20businesses%22%2C%22urlPath%22%3A%22%2Finternational%2Fasean%2Findonesias-ina-japans-dbj-launch-hybrid-fund-mid-sized-businesses%22%2C%22created%22%3A%222025-02-17T04%3A23%3A22.000Z%22%2C%22updated%22%3A%222025-02-17T04%3A23%3A31.000Z%22%2C%22edited%22%3A%222025-02-17T04%3A23%3A31.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Indonesia%20plans%20to%20launch%20a%20second%20sovereign%20wealth%20fund%20named%20Danantara%20Indonesia%20on%20Feb%2024%2C%20which%20aims%20to%20manage%20assets%20exceeding%20US%24900%20billion.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BLOOMBERG%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22Muhammad%20Fadli%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Indonesia%20plans%20to%20launch%20a%20second%20sovereign%20wealth%20fund%20named%20Danantara%20Indonesia%20on%20Feb%2024%2C%20which%20aims%20to%20manage%20assets%20exceeding%20US%24900%20billion.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F3073868%22%2C%22content%22%3A%7B%22sourceId%22%3A%22ca51d396-b08b-4659-adc7-4e348e78ebe0%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F3073868%2F2024%2F2%2F26%2F13%2Ffile7u5g2ehct9h1hxf9s14z9.jpg%22%2C%22id%22%3A%223073868%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb57dc2dfbcbf275e527e61a47d551b65ae420a374f8c757027a6b69bb27d8554%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FORIGINAL%2F407645036.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FLANDSCAPE_480%2F407645036.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FLANDSCAPE_480%2F407645036.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FLANDSCAPE_1024%2F407645036.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FLANDSCAPE_1024%2F407645036.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FBASE_WIDE%2F407645036.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A2000%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb004d5f4ed1ee3d44e3e7c15c02d40b73c52960baeb5269f8b7494a38addda0c%22%2C%22height%22%3A1500%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F2792ddd417e092aeefbf4573e1ba284b2b3d32afe7792dc0649e8b06a980aa47%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3951972b1188c0f5d068c23a56ceae747cbd8f3e857f3890d575b65d806d3b29%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22Buildings%20in%20the%20central%20business%20district%20in%20Jakarta%2C%20Indonesia%2C%20on%20Thursday%2C%20Feb.%2015%2C%202024.%20Indonesian%20stocks%20jumped%20in%20early%20trading%20as%20traders%20bet%20on%20policy%20continuity%20after%20Defense%20Minister%20Prabowo%20Subianto%20declared%20victory%20in%20Wednesday's%20presidential%20vote.%20Photographer%3A%20Muhammad%20Fadli%2FBloomberg%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FBASE_FREE%2F407645036.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221708926014625%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%22534574%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%222000%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7u5g2ehct9h1hxf9s14z9.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221500%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FBASE_PORTRAIT%2F407645036.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ffc3d65b86b28b1c3749accf441adbf68eac6f24780a1a3ec6130159dba2c2816%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F9ec3d773f9eb0f615f3e0e68a33cd10a743c64c085e3df0717edb72d9589ce96%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FBASE_SQUARE%2F407645036.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa5dd4efa7f0962491fc36c718db98db30777ef25d6bdd7c9d70291bfc392f141%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FBASE_SQUARE_30_26%2F407645036.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22Bloomberg%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F2070a3e6cf2124349db3aa4de36c8a56fd49137cb593c4f96b28386c448f1da1%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff2dab294f38819b9bda35103b11f32c0c7b48dfa46e7dd21675d71fbe1449df0%22%2C%22height%22%3A855%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fkrvc2-407645036.jpg%2Falternates%2FBASE_LANDSCAPE%2F407645036.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%227a437eab-f3d0-4bb0-aa91-bdffcbf45e1a%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22INDONESIA%20Investment%20Authority%20(INA)%2C%20the%20country%E2%80%99s%20first%20sovereign%20wealth%20fund%2C%20and%20the%20Development%20Bank%20of%20Japan%20(DBJ)%20have%20launched%20a%20hybrid%20fund%20to%20provide%20financing%20for%20medium-sized%20businesses%20in%20Indonesia.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22Indonesia%20has%20emerged%20as%20a%20crucial%20market%20for%20several%20Japanese%20financial%20institutions%20in%20South-east%20Asia%20to%20expand%20their%20businesses%20in%20the%20country%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22international%22%2C%22name%22%3A%22International%22%2C%22directoryName%22%3A%22international%22%7D%2C%22uniqueName%22%3A%22international_asean%22%2C%22name%22%3A%22Asean%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Finternational%2Fasean%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22asean%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Findonesia%22%5D%2C%22name%22%3A%22Indonesia%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Findonesia%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Aindonesia%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%2216491%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22170%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Findonesia%22%2C%22urlPath%22%3A%22%2Fkeywords%2Findonesia%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fsovereign-wealth-funds%22%5D%2C%22name%22%3A%22Sovereign%20wealth%20funds%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fsovereign-wealth-funds%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Asovereign-wealth-funds%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%222293%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%229698%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fsovereign-wealth-funds%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fsovereign-wealth-funds%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225887034%22%2C%22title%22%3A%22Australia%E2%80%99s%20Perpetual%20gets%20new%20offer%20from%20KKR%20for%20its%20wealth%2C%20trust%20units%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Faustralias-perpetual-gets-new-offer-kkr-its-wealth-trust-units%22%2C%22created%22%3A%222025-02-17T02%3A03%3A30.000Z%22%2C%22updated%22%3A%222025-02-17T02%3A03%3A43.000Z%22%2C%22edited%22%3A%222025-02-17T02%3A03%3A43.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Media%20reports%20over%20the%20weekend%20stated%20KKR%20had%20returned%20with%20an%20enhanced%20all-cash%20proposal%20exceeding%20A%248%20per%20share%20for%20the%20Australian%20asset%20manager%E2%80%99s%20corporate%20trust%20and%20wealth%20units.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20REUTERS%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22BRENDAN%20MCDERMID%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Media%20reports%20over%20the%20weekend%20stated%20KKR%20had%20returned%20with%20an%20enhanced%20all-cash%20proposal%20exceeding%20A%248%20per%20share%20for%20the%20Australian%20asset%20manager%E2%80%99s%20corporate%20trust%20and%20wealth%20units.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5887030%22%2C%22content%22%3A%7B%22sourceId%22%3A%22e9513cb6-db84-4cfb-b9bf-16abb58a7ff7%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5887030%2F2025%2F2%2F17%2F10%2Ffile7zedrtuc4z41aqmajwaj.jpg%22%2C%22id%22%3A%225887030%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe62c7e41334251c4d57cc9abec47b8e249d03a5cc8f7dc8c0ce1169bacaf9575%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FORIGINAL%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FLANDSCAPE_480%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FLANDSCAPE_480%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FLANDSCAPE_1024%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FLANDSCAPE_1024%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FBASE_WIDE%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A4327%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F770dd3df81f7ac0953c486c09cc01273455985bc228781ad5ef504956bebfd7a%22%2C%22height%22%3A2884%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F6d9bf0a3345e64b15ea6861551a3f4ec8abe3579d656d700cc1164741a9a1dac%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F165892d2e5e18b412a6938eab74efeac81466acd62f05032ac587c2c9370f4f6%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22FILE%20PHOTO%3A%20Trading%20information%20for%20KKR%20%26%20Co%20is%20displayed%20on%20a%20screen%20on%20the%20floor%20of%20the%20New%20York%20Stock%20Exchange%20(NYSE)%20in%20New%20York%2C%20U.S.%2C%20August%2023%2C%202018.%20REUTERS%2FBrendan%20McDermid%2FFile%20Photo%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FBASE_FREE%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221739757752875%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%223238806%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%224327%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7zedrtuc4z41aqmajwaj.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%222884%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FBASE_PORTRAIT%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F333a4a1e50600f2d36c010e0be777a18c66b3614351be72e058dfb9b7096e423%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F897f86b2a7a68b1fdf5f44c7bb2856ddd386be8c9756dd397123c458ddb1eeb4%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FBASE_SQUARE%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F4ae81f7f62d2b75654b8ab70a5815b12a91d34b0cde1bdb3649ed237aaaee00d%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FBASE_SQUARE_30_26%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22REUTERS%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fda6de624e378eb8e36e0385287e4758365652ee8bcdd411f0f85158be93eadeb%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F1cbe53f0c262680d1b7885bb98461a7634000c855945bfaffeab4f44c518dd20%22%2C%22height%22%3A759%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fuigctd-2025-02-17t014716z_1859096064_rc20wcasqqdw_rtrmadp_3_perpetualltd-m-a-kkr.jpg%2Falternates%2FBASE_LANDSCAPE%2F2025-02-17T014716Z_1859096064_RC20WCASQQDW_RTRMADP_3_PERPETUALLTD-M-A-KKR.JPG%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22ae954dfc-2750-4c1e-b94c-451ce85a5b40%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22AUSTRALIA%E2%80%99S%20Perpetual%20confirmed%20on%20Monday%20it%20received%20a%20revised%20proposal%20for%20its%20wealth%20management%20and%20corporate%20trust%20businesses%20from%20buyout%20firm%20KKR%20%26%20Co%2C%20but%20said%20the%20offer%20includes%20commercial%20terms%20that%20still%20need%20to%20be%20finalised.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22AUSTRALIA%E2%80%99S%20Perpetual%20confirmed%20on%20Monday%20it%20received%20a%20revised%20proposal%20for%20its%20wealth%20management%20and%20corporate%20trust%20businesses%20from%20buyout%20firm%20KKR...%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fkkr%22%5D%2C%22name%22%3A%22KKR%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fkkr%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Akkr%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221587%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%226507%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fkkr%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fkkr%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fkeywords%2Fm-a%22%5D%2C%22name%22%3A%22M%26A%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fm%22%2C%22%2Fkeywords%2Fm-a%22%2C%22%2Fkeywords%2Fma%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Am-a%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221681%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22321%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%2C%7B%22value%22%3A%221729234911%22%2C%22key%22%3A%22modifiedAt%22%7D%5D%2C%22uri%22%3A%22main%2Fm-a%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fm-a%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225886882%22%2C%22title%22%3A%22HSBC%20investors%20back%20CEO%E2%80%99s%20investment%20banking%20retrenchment%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Fhsbc-investors-back-ceos-investment-banking-retrenchment%22%2C%22created%22%3A%222025-02-17T01%3A31%3A35.000Z%22%2C%22updated%22%3A%222025-02-17T01%3A31%3A50.000Z%22%2C%22edited%22%3A%222025-02-17T01%3A31%3A52.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Once%20a%20sprawling%20behemoth%20spanning%20more%20than%20100%20countries%2C%20HSBC%20has%20spent%20the%20last%20decade%20slowly%20shrinking%20its%20global%20footprint%20and%20exiting%20low-return%20businesses.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BLOOMBERG%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22Betty%20Laura%20Zapata%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Once%20a%20sprawling%20behemoth%20spanning%20more%20than%20100%20countries%2C%20HSBC%20has%20spent%20the%20last%20decade%20slowly%20shrinking%20its%20global%20footprint%20and%20exiting%20low-return%20businesses.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5886880%22%2C%22content%22%3A%7B%22sourceId%22%3A%22cfb63fba-4005-45a0-8b1c-cd9e1ccb29d7%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5886880%2F2025%2F2%2F17%2F9%2Ffile7zd5tuf4ctv1fmw1figd.jpg%22%2C%22id%22%3A%225886880%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff578dfffa1cfbd265ea9b5bd69859403fdb792acf50cf38e1350f48338703dfb%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FORIGINAL%2F427324705.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FLANDSCAPE_480%2F427324705.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FLANDSCAPE_480%2F427324705.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FLANDSCAPE_1024%2F427324705.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FLANDSCAPE_1024%2F427324705.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FBASE_WIDE%2F427324705.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A2000%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fd4d2b9b58d7d450b0a42cc336f34b24b01dd3b32586a6838aaed51e3f025bb26%22%2C%22height%22%3A1334%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Faa15dc5d8233894a7038c955101cdf1166a0f8e66070340370332568f9370424%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F412438b7b3d0a571345eaf012da778bdc999bfd2c003883c898598487bba4e78%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22The%20HSBC%20Holdings%20Plc%20UK%20headquarters%20in%20the%20Canary%20Wharf%20business%2C%20financial%20and%20shopping%20district%20in%20London%2C%20UK%2C%20on%20Friday%2C%20Feb.%2014%2C%202025.%20HSBC%20reports%20its%20full-year%20results%20on%20Feb.%2019.%20Photographer%3A%20Betty%20Laura%20Zapata%2FBloomberg%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FBASE_FREE%2F427324705.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221739755876964%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%22351662%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%222000%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7zd5tuf4ctv1fmw1figd.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221334%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FBASE_PORTRAIT%2F427324705.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fd06a8a0382b4bb35dcdaeb216eccebeee34e618660c14dcce9f7c2abd599fe4f%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F547459c99df988174d69939bbf1c61df08ac4dbab84cec89cf030ce9034b101c%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FBASE_SQUARE%2F427324705.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F542c9b3196ba4371b56f95479b2cfee0a3c4599d0b37196354d053cc46aaea42%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FBASE_SQUARE_30_26%2F427324705.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22Bloomberg%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F8d23d573ed67d60ddac25d6847f14a8bd92750e6e3250036fe79ee6564ebe2a9%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F91579c31e4e2a0c9c9664d9a98ae853317437e7dced6dbb6069642b286a08691%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fm1o174-427324705.jpg%2Falternates%2FBASE_LANDSCAPE%2F427324705.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22fc130011-99fe-4c02-a829-5e887880c7b2%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22INVESTORS%20in%20HSBC%20are%20backing%20management%20attempts%20to%20shutter%20parts%20of%20its%20investment%20bank%2C%20even%20as%20US%20President%20Donald%20Trump%E2%80%99s%20deregulatory%20agenda%20fuels%20hopes%20for%20a%20boom%20in%20capital%20markets%20activity.%20Four%20shareholders%2C%20including%20two%20of%20the%2020%20largest%2C%20said%20last%20month%E2%80%99s%20decision%20to%20axe%20HSBC%E2%80%99s%20mergers%20and%20equity%20capital%20markets%20teams%20in%20the%20Americas%20and%20Europe%20made%20sense%20as%20the%20bank%20focuses%20on%20its%20strongest%20franchises%20in%20its%20core%20Asian%20markets.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22Staff%20in%20affected%20businesses%20are%20concerned%20about%20their%20jobs%2C%20while%20those%20in%20related%20divisions%20fear%20they%20may%20be%20next%2C%20denting%20morale%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fhsbc%22%5D%2C%22name%22%3A%22HSBC%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fhsbc%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Ahsbc%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%2223214%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%222191%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fhsbc%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fhsbc%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Flayoffs%22%5D%2C%22name%22%3A%22Layoffs%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Flayoffs%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Alayoffs%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221621%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%2210255%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Flayoffs%22%2C%22urlPath%22%3A%22%2Fkeywords%2Flayoffs%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225886507%22%2C%22title%22%3A%22Bank%20of%20Japan%20nearing%20end%20of%20bank%20stock%20sales%20shifts%20focus%20to%20ETF%20assets%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Fbank-japan-nearing-end-bank-stock-sales-shifts-focus-etf-assets%22%2C%22created%22%3A%222025-02-16T22%3A48%3A09.000Z%22%2C%22updated%22%3A%222025-02-16T22%3A48%3A23.000Z%22%2C%22edited%22%3A%222025-02-16T22%3A48%3A25.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22The%20BOJ%20holds%20about%2037%20trillion%20yen%20of%20ETFs%20by%20book%20value%2C%20according%20to%20the%20latest%20account%20data.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BLOOMBERG%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22TORU%20HANAI%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22The%20BOJ%20began%20to%20buy%20the%20stock%20funds%20in%20December%202010%20as%20part%20of%20a%20monetary%20stimulus%20programme%20aimed%20at%20stoking%20inflation.%20%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5652248%22%2C%22content%22%3A%7B%22sourceId%22%3A%2264377200-3000-48fd-acbe-5d7263578912%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5652248%2F2024%2F12%2F27%2F8%2Ffile7yjneqy6ktj13gr951g1r.jpg%22%2C%22id%22%3A%225652248%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F16b9d90595845f47fdabf7d791105e2a28ba69679a9c8a7d971ed83b0fde47d8%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FORIGINAL%2F422411624.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FLANDSCAPE_480%2F422411624.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FLANDSCAPE_480%2F422411624.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FLANDSCAPE_1024%2F422411624.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FLANDSCAPE_1024%2F422411624.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FBASE_WIDE%2F422411624.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A2000%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fef14c51bf98673e19fe32000410518741608de88c417579e49d2ec0eda9e5156%22%2C%22height%22%3A1333%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fde7814facfe19491cf74e3cd67d84271ba776cd0e2f530c1d20686b8144a1a02%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3774f1ff418bf89f9eafe3441cd4becd5f268b0f67cbc4e50295e9d6b6226da6%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22The%20Bank%20of%20Japan%20(BOJ)%20headquarters%20in%20Tokyo%2C%20Japan%2C%20on%20Thursday%2C%20Dec.%2019%2C%202024.%20The%20Bank%20of%20Japan%20kept%20its%20monetary%20policy%20settings%20steady%20as%20it%20bides%20its%20time%20for%20now%2C%20while%20a%20dissenter's%20proposed%20rate%20hike%20suggests%20momentum%20for%20another%20increase%20is%20building.%20Photographer%3A%20Toru%20Hanai%2FBloomberg%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FBASE_FREE%2F422411624.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221735260658100%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%22531084%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%222000%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7yjneqy6ktj13gr951g1r.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221333%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FBASE_PORTRAIT%2F422411624.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3c301857b401464f00e3b46485fa1d4863457c03976b2f50ec79ebb23fd8c33d%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3c9cac4c31410d9009d51683b1f61f56dcd371d2db3f8f52b7f34739579a5a54%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FBASE_SQUARE%2F422411624.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb7939a52d5960e14df0eb952852581790aed83f1ad6ded0afce76c552fae3e50%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FBASE_SQUARE_30_26%2F422411624.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22Bloomberg%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F17a0f5042ceba9d0cf407cf3c1a666fd4d4692fba588ccb4b8b3df6549366739%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F5a42e6752a2c51a2363c43c2ec707543b82c590a9e28163003004e2014dbbfc8%22%2C%22height%22%3A759%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F7obf5-422411624.jpg%2Falternates%2FBASE_LANDSCAPE%2F422411624.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%2232b21f5c-f5f6-47e8-b84e-7e328b6587f7%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22THE%20Bank%20of%20Japan%20(BOJ)%20is%20on%20course%20to%20finish%20offloading%20millions%20of%20US%20dollars%20of%20stocks%20that%20it%20bought%20from%20beleaguered%20banks%20during%20the%20financial%20crisis%20two%20decades%20ago%20sooner%20than%20scheduled%2C%20a%20development%20that%20throws%20into%20focus%20the%20fate%20of%20its%20considerably%20larger%20holdings%20of%20exchange-traded%20funds%20(ETFs).%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22The%20average%20pace%20of%20the%20BOJ%E2%80%99s%20bank%20stock%20selling%20has%20been%2011.1%20billion%20yen%20per%20month%20since%202021%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fbank-japan%22%5D%2C%22name%22%3A%22Bank%20of%20Japan%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fbank-japan%22%2C%22%2Fkeywords%2Fbank-of-japan%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Abank-of-japan%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%22783%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%221107%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fbank-of-japan%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fbank-japan%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fetf%22%5D%2C%22name%22%3A%22ETF%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fetf%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Aetf%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%2221642%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%2212609%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fetf%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fetf%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225886467%22%2C%22title%22%3A%22Westpac%20posts%20higher%20quarterly%20profit%20as%20loan%20volumes%20grow%2C%20late%20repayments%20decline%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fwestpac-posts-higher-quarterly-profit-loan-volumes-grow-late-repayments-decline%22%2C%22created%22%3A%222025-02-16T22%3A14%3A34.000Z%22%2C%22updated%22%3A%222025-02-16T22%3A15%3A15.000Z%22%2C%22edited%22%3A%222025-02-16T22%3A15%3A15.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Westpac%20posted%20an%20unaudited%20net%20profit%20of%20A%241.7%20billion%20(S%241.44%20billion)%20for%20the%20three%20months%20ended%20December%2031%2C%20compared%20with%20A%241.5%20billion%20posted%20a%20year%20earlier.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20REUTERS%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22LOREN%20ELLIOTT%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Westpac%20posted%20an%20unaudited%20net%20profit%20of%20A%241.7%20billion%20(S%241.44%20billion)%20for%20the%20three%20months%20ended%20December%2031%2C%20compared%20with%20A%241.5%20billion%20posted%20a%20year%20earlier.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5886465%22%2C%22content%22%3A%7B%22sourceId%22%3A%22bf6ed9e6-1923-4d9a-ab7f-559b26778e2f%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5886465%2F2025%2F2%2F17%2F6%2Ffile7zearma128nii7n4wbx.jpg%22%2C%22id%22%3A%225886465%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F45d04bdde8bce828cd922ad97cd461651ec0e53cd6496d18f7757947f1d57650%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FORIGINAL%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FLANDSCAPE_480%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FLANDSCAPE_480%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FLANDSCAPE_1024%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FLANDSCAPE_1024%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FBASE_WIDE%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A3828%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F40828786e66b0259cc8281bea964b874b59f30283c18891041d8385f7a7b01d3%22%2C%22height%22%3A2549%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff2cee5a32f0d17dbc0a5e08b8fe2ed6364cf01fe5f77afbaf4930942e5cefb6b%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff9cc54162534544b7d93e254a850bd1274b9792d2171b1280db55ebfdd2b2850%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22FILE%20PHOTO%3A%20An%20office%20building%20with%20Westpac%20logo%20is%20seen%20amidst%20the%20easing%20of%20the%20coronavirus%20disease%20(COVID-19)%20restrictions%20in%20the%20Central%20Business%20District%20of%20Sydney%2C%20Australia%2C%20June%203%2C%202020.%20REUTERS%2FLoren%20Elliott%2FFile%20Photo%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FBASE_FREE%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221739744053440%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%222501004%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%223828%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7zearma128nii7n4wbx.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%222549%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FBASE_PORTRAIT%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F529b48d0909db9ee0a6a8f2e1cdbd7855303b53a2c6ac567d368d749f0838f5c%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F50521383aab9978e49a00c80b03798ccee79013f5bfe0e376401adf3193c8f99%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FBASE_SQUARE%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ffa30d1aab5b49541973397564b1259ce55ef661c1521359af26c26da5f9ebac0%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FBASE_SQUARE_30_26%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22REUTERS%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe9a25ef095c72cdec7547b728876dd71df4558f594da3a86cb10e2fd9486f0f7%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa6950f29c60df5952476c826a73e26f31f872868883f1f5583ab54f94817ff23%22%2C%22height%22%3A759%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fz8ryqv-2025-02-16t215122z_1179071594_rc2wvcas2g6p_rtrmadp_3_westpac-results.jpg%2Falternates%2FBASE_LANDSCAPE%2F2025-02-16T215122Z_1179071594_RC2WVCAS2G6P_RTRMADP_3_WESTPAC-RESULTS.JPG%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22fccaa5a8-b3fa-426e-b78d-bf59877609cc%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22AUSTRALIA%E2%80%99S%20Westpac%20posted%20a%20rise%20in%20its%20first-quarter%20net%20profit%20on%20Monday%20as%20deposits%20and%20loan%20volumes%20grew%2C%20and%20said%20a%20widely%20awaited%20interest%20rate%20cut%20by%20the%20central%20bank%20should%20help%20households%20and%20businesses%20grappling%20with%20cost-of-living%20pressures.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22AUSTRALIA%E2%80%99S%20Westpac%20posted%20a%20rise%20in%20its%20first-quarter%20net%20profit%20on%20Monday%20as%20deposits%20and%20loan%20volumes%20grew%2C%20and%20said%20a%20widely...%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fbanks%22%5D%2C%22name%22%3A%22Banks%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fbanks%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Abanks%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%22787%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22342%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fbanks%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fbanks%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Faustralia%22%5D%2C%22name%22%3A%22Australia%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Faustralia%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Aaustralia%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%2216482%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22313%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Faustralia%22%2C%22urlPath%22%3A%22%2Fkeywords%2Faustralia%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225886458%22%2C%22title%22%3A%22Australia%20set%20for%20first%20rate%20cut%20since%202020%20as%20trade%20risks%20mount%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Faustralia-set-first-rate-cut-2020-trade-risks-mount%22%2C%22created%22%3A%222025-02-16T22%3A06%3A56.000Z%22%2C%22updated%22%3A%222025-02-16T22%3A07%3A07.000Z%22%2C%22edited%22%3A%222025-02-16T22%3A07%3A10.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22The%20RBA%E2%80%99s%20level%20of%20policy%20restrictiveness%20remains%20broadly%20on%20par%20with%20its%20major%20counterparts%20because%20it%20did%20not%20tighten%20as%20aggressively%20in%202022%20to%202023.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BLOOMBERG%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22BRENDON%20THORNE%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22The%20RBA%E2%80%99s%20level%20of%20policy%20restrictiveness%20remains%20broadly%20on%20par%20with%20its%20major%20counterparts%20because%20it%20did%20not%20tighten%20as%20aggressively%20in%202022%20to%202023%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5418545%22%2C%22content%22%3A%7B%22sourceId%22%3A%22576123e2-ea91-4f53-ac6d-25dcb09fda22%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5418545%2F2024%2F11%2F29%2F10%2Ffile6ubyhhnikw6e7ldaev3.jpg%22%2C%22id%22%3A%225418545%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F28a7795f4bd0e4eb87fe2c9add304a2e557f0f0684c6be360f9bc1977d37ebd2%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FORIGINAL%2F14777921_H1292265.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FLANDSCAPE_480%2F14777921_H1292265.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FLANDSCAPE_480%2F14777921_H1292265.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FLANDSCAPE_1024%2F14777921_H1292265.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FLANDSCAPE_1024%2F14777921_H1292265.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FBASE_WIDE%2F14777921_H1292265.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A4000%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe0f1390c890a91f558086784fce4a4d8b63e2fd8706984e7891075ff7ad46d62%22%2C%22height%22%3A2667%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb6b24e390bf093b6ade4015bd58abc504726fa97cfdcc49db429cf0e5672facd%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F44c9e69906ddfc87c4acafab563bcfb5489ea923747f79db8ed3d28de4a21018%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22A%20pedestrian%20walks%20past%20the%20Reserve%20Bank%20of%20Australia%20(RBA)%20headquarters%20in%20Sydney%2C%20Australia%2C%20on%20Tuesday%2C%20Sept.%203%2C%202013.%20Australian%20equities%20and%20government%20bonds%20are%20moving%20in%20opposite%20directions%20for%20the%20first%20time%20since%20January%20amid%20optimism%20record-low%20interest%20rates%20will%20boost%20the%20economy%20as%20an%20election%20revives%20business%20confidence.%20Photographer%3A%20Brendon%20Thorne%2FBloomberg%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FBASE_FREE%2F14777921_H1292265.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221732847316205%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%222237975%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%224000%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file6ubyhhnikw6e7ldaev3.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%222667%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FBASE_PORTRAIT%2F14777921_H1292265.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F5a4a087acd1868190bf1b61eb7990e7f523c60878f194cb8fb30170aa7423049%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F4bd95264841945224335ed2e10c17b3ea628d24335aad19171b683d5debcd237%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FBASE_SQUARE%2F14777921_H1292265.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F62c48583986c82adf1aa5cc17c75ad83023fdacbeb7df650590f3890e9014448%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FBASE_SQUARE_30_26%2F14777921_H1292265.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa57c582ed92b38b7826ddfdc5fd5f2f6a4eb8a99ecdf5a6fb338cc8597db1df9%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fd5d64f37b18c301b4e0af60bd3625bee6bcc52c7aab43320d0890d3b12595e12%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2F90qr3e-14777921_h1292265.jpg%2Falternates%2FBASE_LANDSCAPE%2F14777921_H1292265.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22218090f2-77e9-413a-9d40-e5a6f75ee7b2%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22AUSTRALIA%E2%80%99S%20central%20bank%20is%20poised%20to%20cut%20interest%20rates%20for%20the%20first%20time%20in%20four%20years%20even%20as%20the%20board%20remains%20alert%20to%20potential%20inflationary%20pressures%20from%20mounting%20global%20trade%20turmoil%20and%20risks%20of%20an%20election%20splurge%20at%20home.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22Economists%20expect%20the%20RBA%E2%80%99s%20latest%20inflation%20forecasts%20to%20show%20a%20downward%20revision%20to%20its%20closely-watched%20trimmed%20mean%20gauge%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Freserve-bank-of-australia%22%5D%2C%22name%22%3A%22Reserve%20Bank%20of%20Australia%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Freserve-bank-of-australia%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Areserve-bank-of-australia%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%222047%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22443%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Freserve-bank-of-australia%22%2C%22urlPath%22%3A%22%2Fkeywords%2Freserve-bank-of-australia%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Finterest-rates%22%5D%2C%22name%22%3A%22Interest%20rates%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Finterest-rates%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Ainterest-rates%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221482%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22595%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Finterest-rates%22%2C%22urlPath%22%3A%22%2Fkeywords%2Finterest-rates%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225885979%22%2C%22title%22%3A%22Rise%20of%20US%20dollar%20forwards%20builds%20risk%20for%20Asia%E2%80%99s%20central%20banks%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Frise-dollar-forwards-builds-risk-asias-central-banks%22%2C%22created%22%3A%222025-02-16T13%3A30%3A20.000Z%22%2C%22updated%22%3A%222025-02-16T13%3A38%3A02.000Z%22%2C%22edited%22%3A%222025-02-16T13%3A38%3A02.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22The%20Reserve%20Bank%20of%20India%E2%80%99s%20net%20US%20dollar%20short%20forward%20position%20%E2%80%93%20the%20amount%20of%20dollars%20that%20will%20be%20sold%20at%20a%20future%20date%20for%20a%20pre-set%20price%20%E2%80%93%20hit%20an%20all-time%20high%20of%20US%2468%20billion%20in%20December.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BLOOMBERG%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22Dhiraj%20Singh%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22The%20Reserve%20Bank%20of%20India%E2%80%99s%20net%20US%20dollar%20short%20forward%20position%20%E2%80%93%20the%20amount%20of%20dollars%20that%20will%20be%20sold%20at%20a%20future%20date%20for%20a%20pre-set%20price%20%E2%80%93%20hit%20an%20all-time%20high%20of%20US%2468%20billion%20in%20December.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5885997%22%2C%22content%22%3A%7B%22sourceId%22%3A%2274ef1355-37f6-4207-b148-07bb29a69d42%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5885997%2F2025%2F2%2F16%2F21%2Ffile7z9djsw3qpelhfbpuaz.jpg%22%2C%22id%22%3A%225885997%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb983afa5fbd4e1425830095f2e4a1ae87fdc2fbb8efb2f528a25a54649652fd6%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FORIGINAL%2F426596775.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FLANDSCAPE_480%2F426596775.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FLANDSCAPE_480%2F426596775.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FLANDSCAPE_1024%2F426596775.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FLANDSCAPE_1024%2F426596775.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FBASE_WIDE%2F426596775.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A2000%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7885a076ddc3fd2e1c5984e3bab348b96e6fb316f5458f9e51562e4507c6a340%22%2C%22height%22%3A1334%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fac4a74c33771f74b436ec0ee790a10d00b424878dad37e71d8b1c4213120ced5%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F454c68cf0a5a2170d3e428d2fa7a493781e1cf2965a6e1d0f00be39fc2f7042c%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22The%20logo%20for%20Reserve%20Bank%20of%20India%20(RBI)%20at%20the%20central%20bank's%20headquarters%20building%20in%20Mumbai%2C%20India%2C%20on%20Friday%2C%20Feb.%207%2C%202025.%20India's%20new%20central%20bank%20governor%20cut%20interest%20rates%20for%20the%20first%20time%20in%20almost%20five%20years%20to%20help%20spur%20a%20slowing%20economy%20as%20global%20risks%20intensify.%20Photographer%3A%20Dhiraj%20Singh%2FBloomberg%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FBASE_FREE%2F426596775.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221739713040847%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%22386425%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%222000%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7z9djsw3qpelhfbpuaz.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221334%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FBASE_PORTRAIT%2F426596775.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ffc730014030ba2bde19a0eb54a60912e8f8ae69b469078e78f86651b14b6a989%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe38b23e6d35b9287463d1e157c5ef23846ec7758f39f24204c95d86f4b2ee095%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FBASE_SQUARE%2F426596775.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff7020976e919ea9d85b0a6c8b521fdb34d7f93dbe65d4eabd853a69f4cd8b9f5%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FBASE_SQUARE_30_26%2F426596775.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22Bloomberg%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa8d202db71b8a882f0d3a3e56c576b4112403bc6ffa37556ba9c9b767783771d%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F97412b6b964e43cf95a50368ecdcd3c429de3502db2d55bb895682db9ebd3222%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fi5qd4p-426596775.jpg%2Falternates%2FBASE_LANDSCAPE%2F426596775.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22ece-auto-gen-0842013b-468c-4e22-9d4e-fe5d999edc38%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%7B%22length%22%3A8%2C%22name%22%3A%22capitals%22%2C%22index%22%3A0%2C%22value%22%3A%22true%22%7D%5D%2C%22value%22%3A%22Central%20banks%20across%20Asia%20are%20increasingly%20using%20derivatives%20to%20protect%20their%20currencies%20against%20a%20strong%20US%20dollar%2C%20raising%20questions%20over%20how%20long%20they%20can%20do%20so%20and%20whether%20they%20are%20just%20storing%20up%20trouble%20for%20the%20future.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22Central%20banks%20across%20Asia%20are%20increasingly%20using%20derivatives%20to%20protect%20their%20currencies%20against%20a%20strong%20US%20dollar%2C%20raising%20questions%20over%20how%20long...%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%2C%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22international%22%2C%22name%22%3A%22International%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Finternational%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22international%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fcentral-banks%22%5D%2C%22name%22%3A%22Central%20banks%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fcentral-banks%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Acentral-banks%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%22903%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%221380%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fcentral-banks%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fcentral-banks%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225884774%22%2C%22title%22%3A%22Outcome%20of%20Italy%E2%80%99s%20bank%20M%26A%20wave%20to%20be%20decided%20by%20investors%3A%20central%20bank%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Foutcome-italys-bank-m-wave-be-decided-investors-cenbank-says%22%2C%22created%22%3A%222025-02-16T07%3A19%3A39.000Z%22%2C%22updated%22%3A%222025-02-16T07%3A23%3A43.000Z%22%2C%22edited%22%3A%222025-02-16T07%3A23%3A43.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Italy%E2%80%99s%20No%202%20bank%20UniCredit%20has%20bid%20for%20smaller%20rival%20Banco%20BPM%2C%20which%20in%20turn%20is%20trying%20to%20buy%20fund%20manager%20Anima%20Holding.%20%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20REUTERS%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22YARA%20NARDI%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Italy%E2%80%99s%20No%202%20bank%20UniCredit%20has%20bid%20for%20smaller%20rival%20Banco%20BPM%2C%20which%20in%20turn%20is%20trying%20to%20buy%20fund%20manager%20Anima%20Holding.%20%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5884789%22%2C%22content%22%3A%7B%22sourceId%22%3A%22960bbc85-507e-44e6-bb67-7778f2d914fa%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5884789%2F2025%2F2%2F16%2F15%2Ffile7zbgv3yp6johg6qll01.jpg%22%2C%22id%22%3A%225884789%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F46b0affd3d2dfe3b1ed905ba8bae67c01f6e122e4e75c59af0b7c38696e42cf5%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FORIGINAL%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FLANDSCAPE_480%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FLANDSCAPE_480%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FLANDSCAPE_1024%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FLANDSCAPE_1024%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FBASE_WIDE%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A5088%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F9607287556380e49cd062586c811ad91b37db8bdc1a52d9d2abf8f220c0af836%22%2C%22height%22%3A3392%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb910f83cc308867996326660441ac2816e020fe517a3de5c3f2b57c6ebc67285%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fd52e988f5ce92f0c6ca5a8264565d380fa1bc80621c2289467b385e7cbefb208%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22FILE%20PHOTO%3A%20A%20person%20uses%20an%20ATM%20as%20people%20walk%20past%20the%20UniCredit%20bank%20branch%20in%20Rome%2C%20Italy%2C%20November%2025%2C%202024.%20REUTERS%2FYara%20Nardi%2FFile%20Photo%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FBASE_FREE%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221739690568336%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%225965338%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%225088%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7zbgv3yp6johg6qll01.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%223392%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FBASE_PORTRAIT%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F892d4a5b077adabd1d5b50b64ab31b9f4cd969d46178fbc1a9d6af7924be35cf%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F4b980920d2e7947fa13abcf7e0fc96fd1cb91f28ebf280e0d26cf78125309d30%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FBASE_SQUARE%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb606ae68b55e8189700dbbb381fcee2f046986b795500b976695491e7447ff9c%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FBASE_SQUARE_30_26%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22REUTERS%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7242ebea281e09da53ac635d87e0c1e950111d515cc4f1092fe8d1ade6c74617%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb910f83cc308867996326660441ac2816e020fe517a3de5c3f2b57c6ebc67285%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fliwmxz-2025-02-11t093940z_72406910_rc29cbaswqrh_rtrmadp_3_unicredit-results.jpg%2Falternates%2FBASE_LANDSCAPE%2F2025-02-11T093940Z_72406910_RC29CBASWQRH_RTRMADP_3_UNICREDIT-RESULTS.JPG%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22ece-auto-gen-92679df5-4623-4e17-b51a-2007ee40ce70%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%7B%22length%22%3A9%2C%22name%22%3A%22capitals%22%2C%22index%22%3A0%2C%22value%22%3A%22true%22%7D%5D%2C%22value%22%3A%22Investors%20will%20ultimately%20determine%20the%20outcome%20of%20a%20raft%20of%20takeover%20bids%20rocking%20Italy%E2%80%99s%20financial%20sector%2C%20the%20country%E2%80%99s%20central%20banker%20said%2C%20adding%20that%20supervisors%20only%20assessed%20the%20soundness%20of%20the%20entity%20resulting%20from%20the%20various%20tie-ups.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22blurb%22%3A%22Investors%20will%20ultimately%20determine%20the%20outcome%20of%20a%20raft%20of%20takeover%20bids%20rocking%20Italy%E2%80%99s%20financial%20sector%2C%20the%20country%E2%80%99s%20central%20banker%20said%2C%20adding...%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fbanking-0%22%5D%2C%22name%22%3A%22Banking%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fbanking-0%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Abanking%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%2216183%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22115284%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fbanking%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fbanking-0%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fkeywords%2Fm-a%22%5D%2C%22name%22%3A%22M%26A%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fm%22%2C%22%2Fkeywords%2Fm-a%22%2C%22%2Fkeywords%2Fma%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Am-a%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221681%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22321%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%2C%7B%22value%22%3A%221729234911%22%2C%22key%22%3A%22modifiedAt%22%7D%5D%2C%22uri%22%3A%22main%2Fm-a%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fm-a%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fitaly%22%5D%2C%22name%22%3A%22Italy%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fitaly%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Aitaly%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%2219157%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%22515%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fitaly%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fitaly%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225884742%22%2C%22title%22%3A%22Resurging%20UK%20inflation%20to%20keep%20BOE%20cautious%20on%20cutting%20rates%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbanking-finance%2Fresurging-uk-inflation-will-keep-boe-cautious-cutting-rates%22%2C%22created%22%3A%222025-02-16T07%3A08%3A51.000Z%22%2C%22updated%22%3A%222025-02-16T07%3A17%3A48.000Z%22%2C%22edited%22%3A%222025-02-16T07%3A17%3A48.000Z%22%2C%22paywall%22%3A%7B%22agencySource%22%3A%22%22%2C%22copyright%22%3A%22NONSPH%22%2C%22contentAccess%22%3A%220%22%2C%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%7D%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22While%20there%20are%20signs%20that%20Britain%E2%80%99s%20jobs%20market%20is%20loosening%2C%20pay%20pressures%20are%20seen%20as%20too%20strong%20to%20keep%20inflation%20near%20the%20BOE%E2%80%99s%202%20per%20cent%20target.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20AFP%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22HENRY%20NICHOLLS%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22While%20there%20are%20signs%20that%20Britain%E2%80%99s%20jobs%20market%20is%20loosening%2C%20pay%20pressures%20are%20seen%20as%20too%20strong%20to%20keep%20inflation%20near%20the%20BOE%E2%80%99s%202%20per%20cent%20target.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5884763%22%2C%22content%22%3A%7B%22sourceId%22%3A%220d22a027-2be4-4db9-8a56-3b40a724ed72%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F5884763%2F2025%2F2%2F16%2F15%2Ffile7zcltgevlzk4ug1nlt5.jpg%22%2C%22id%22%3A%225884763%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa0e4060a2ebd822b78cb24c9b597ca82fc05f4244e649fd70bb0412b077e5751%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FORIGINAL%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FLANDSCAPE_480%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FLANDSCAPE_480%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FLANDSCAPE_1024%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FLANDSCAPE_1024%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FBASE_WIDE%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A5770%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F90056b3ed2990e99a74dba24d517a1aa8442b89777218cf9275ce7f5bc79820f%22%2C%22height%22%3A3847%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F124e34477f61e1d31d8db401e08fe41655f9b48761e7c14cf78aab017cce2775%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fc8ca7adb4c099643dd022231d17ca644b66108ea58bf35db513c42e8aa3a98fa%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22The%20Bank%20of%20England%20is%20reflected%20in%20a%20window%20as%20people%20walk%20past%20in%20the%20City%20of%20London%20Financial%20district%20in%20London%20on%20February%2013%2C%202025.%20Britain's%20economy%20surprisingly%20picked%20up%20at%20the%20end%20of%202024%2C%20official%20data%20showed%20on%20February%2013%2C%202025%20relieving%20some%20pressure%20on%20the%20Labour%20government%20as%20the%20country%20faces%20up%20to%20US%20tariffs.%20(Photo%20by%20HENRY%20NICHOLLS%20%2F%20AFP)%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FBASE_FREE%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221739690232262%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%221315497%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%225770%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file7zcltgevlzk4ug1nlt5.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%223847%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FBASE_PORTRAIT%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fdb5df318440d0060eb93e1b11351b22defe5d9c8f53313ab70193161544ef8ab%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F73a01a3b415fe17d03baef5602aafe1b89367e4a6df72e22d0fe57e5d68f22a3%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FBASE_SQUARE%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fac6ab3f6060fd6786b15263d2cfddffe366a66b1c5ddddb407ae208d31413e46%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FBASE_SQUARE_30_26%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22AFP%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F4c61587d89a7de684e8c6c4fc8bc26170b99439bd058aa220e09f9a613ed6e15%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F5e7041c71412b1a7275e8319ee27c2d9d9786f8c7f2ca9c67a81b6a2879317ac%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Flpo5fk-britian-economy-finance-144544.jpg%2Falternates%2FBASE_LANDSCAPE%2FBRITIAN-ECONOMY-FINANCE-144544.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22storyContent%22%3A%7B%22shortURL%22%3A%22%22%2C%22blurb%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22slug%22%3A%22%22%2C%22elements%22%3A%5B%7B%22id%22%3A%22ece-auto-gen-41e1750a-007a-4e60-8152-15dee02a9daf%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22annotations%22%3A%5B%7B%22length%22%3A10%2C%22name%22%3A%22capitals%22%2C%22index%22%3A3%2C%22value%22%3A%22true%22%7D%5D%2C%22value%22%3A%22UK%20inflation%20probably%20hit%20its%20highest%20level%20in%2010%20months%20in%20January%2C%20continuing%20a%20resurgence%20in%20price%20pressures%20that%20has%20made%20the%20Bank%20of%20England%20(BOE)%20wary%20over%20rushing%20into%20interest-rate%20cuts.%22%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22displaySetting%22%3A%7B%22hideOutbrain%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22externalURL%22%3A%22%22%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22displayAssets%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22hideFromSectionListing%22%3Afalse%2C%22isWinnerPage%22%3Afalse%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22publishToGoogleAMP%22%3Atrue%2C%22noDuplication%22%3Afalse%2C%22zbsgFlag%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22sticky%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22hideMedia%22%3Afalse%7D%2C%22sort%22%3A%5B%5D%2C%22kicker%22%3A%7B%22id%22%3A%2204acaf48-0561-4893-9eca-85bd7dcf79ac%22%2C%22type%22%3A%22kicker%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22kicker%22%2C%22annotations%22%3A%5B%5D%2C%22value%22%3A%22CENTRAL%20BANK%20WATCH%22%7D%5D%7D%2C%22blurb%22%3A%22UK%20inflation%20probably%20hit%20its%20highest%20level%20in%2010%20months%20in%20January%2C%20continuing%20a%20resurgence%20in%20price%20pressures%20that%20has%20made%20the...%22%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3A%7B%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22directoryName%22%3A%22companies-markets%22%7D%2C%22uniqueName%22%3A%22companies-markets_banking-finance%22%2C%22name%22%3A%22Banking%20%26%20Finance%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbanking-finance%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22banking-finance%22%7D%5D%2C%22authors%22%3A%5B%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fcentral-banks%22%5D%2C%22name%22%3A%22Central%20banks%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fcentral-banks%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Acentral-banks%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%22903%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%221380%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fcentral-banks%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fcentral-banks%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%7D%2C%22attachments%22%3A%5B%5D%7D%5D%7D%7D%7D\"},\"actionData\":null,\"errors\":null}");</script></div> <div id="mysph" lan="en" svc="bts"></div> <script type="text/javascript"> var _mySPHObj; </script> </body> </html>