Low interest rates, high staff costs may dent bank profits in Singapore

Xinhua, 6 Jan 2011
SINGAPORE, Jan. 6 (Xinhua) -- Low interest rates and rising staff costs could squeeze the profits of Singapore banks this year, although they are still likely to do well as the economy continues to grow strongly, ...... Singapore is estimated to register a record economic growth of 14.7 percent for 2010, and strength growth of 4 to 6 percent is expected for 2011, according to the latest estimates of the Ministry of Trade and Industry. Full story