"Domestic demand momentum is certainly picking up and this will spill over into 2013, " said Eugene Leow of DBS Bank.
BBC: Thailand economic recovery picks pace in fourth quarter
"Firm CPI numbers raise upside risks for the WPI inflation number, especially on food costs, " said Radhika Rao, an economist at DBS Bank.
"The central bank is unlikely to embark on an aggressive easing cycle if they are not convinced that the structural constraints have been addressed, " said Radhika Rao, economist at DBS bank.
Singapore's DBS Bank is spreading across Asia and is becoming a formidable competitor to the big international banks such as Standard Chartered, HSBC and Citigroup in some of the world's fastest-growing markets.
Analysts at DBS Bank Ltd. in Singapore suggested the U.S. housing data was not all that spectacular, since it reflects a big jump not in single family homes but in apartment construction, which is typically volatile.
"Fed Chairman Ben Bernanke said this week that while the U.S. economy was significantly stronger than it was four years ago, it has yet to recover back to an acceptable state of health, " said analysts at DBS Bank Ltd. in Singapore.
Under Indonesia's new bank rules, DBS will also have to pass three financial tests over 18 months.
DBS, once the Development Bank of Singapore and still the banking face of the island state and its Temasek investment fund, is seen pushing outward from its Southeast Asian base toward a broader pan-Asian presence.
The Monetary Authority of Singapore reiterated its May 21 statement, saying it and Bank Indonesia are exploring further access into each other's markets, while Bank Indonesia Gov. Agus Martowardojo said the bank's position was unchanged and that "reciprocal" treatment is one of the considerations to allow DBS buy a bigger take in the Bank Danamon.
By this measure, it is bigger than Singapore's DBS Group and Korea's Kookmin Bank, and has attracted big stakeholders such as the Temasek fund of Singapore (it has 7.6%) and CLSA and Merrill Lynch funds.
By this measure, it is bigger than Singapore's DBS Group and Korea's Kookmin Bank (nyse: KB - news - people ), and has attracted big stakeholders such as the Temasek fund of Singapore (it has 7.6%) and CLSA and Merrill Lynch (nyse: MER - news - people ) funds.
Its focus on the mass consumer market fits with DBS's goal of becoming a leading Asian bank with a more diversified revenue mix across some markets.
This year's merger between DBS Group Holdings of Singapore and the Dao Heng Bank of Hong Kong illustrates the high price outsiders are willing to pay for quick entry--3.2 times book.
Singapore's DBS Group has received approval to buy a 40% stake in Indonesia's Bank Danamon, more than a year after it launched a multi-billion dollar takeover bid.
It merged with Far East Bank to form the largest local lender, and tied up with Singapore's DBS to lift regional operations, even as domestic banking opens up further to foreigners.
"We can approve the 40% ownership of Danamon by DBS and will not give them more unless there is some reciprocity, " said Indonesia's outgoing central bank governor Darmin Nasution.
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