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Finance

Singapore's DBS hikes payouts as other lenders reel from COVID

Central banks in the city-state and Thailand ease guidance on dividends

Singapore's central bank is allowing United Overseas Bank, DBS and Oversea-Chinese Banking Corp to pay out higher dividends.   © Reuters

SINGAPORE -- Singapore banks this week loosened their purse strings to reward investors on strong second quarter results, showing they are comfortable that the recovery from COVID-19 remains on track despite setbacks across Asia.

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