Singapore's UOB pauses 2025 guidance due to US tariffs, posts stable Q1 net profit

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Singapore's UOB pauses 2025 guidance due to US tariffs, posts stable Q1 net profit - Channel News Asia

Quick Summary:

"We expect flows within ASEAN and between ASEAN and the rest of the world to continue growing as countries seek new ways to prosper," he said.

Wee also highlighted other opportunities amid uncertainties, including growing client demand for hedging and a healthy pipeline of infrastructure financing.

While it is too early to quantify the exact impact, we expect growth to slow in the near term," UOB deputy chairman and CEO Wee Ee Cheong said in a briefing, referring to the global outlook.