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New sales in Singapore life insurance sector up 29% to S$1.25b in Q1

SINGAPORE'S life insurance industry recorded a total of S$1.25 billion in weighted new business premiums for the first quarter ended March, growing 29 per cent from a year prior.

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DBS issues more than S$450m in Sora-pegged SME loans

DBS announced on Monday that it has issued more than S$450 million in Singapore Overnight Rate Average (Sora)-pegged loans as at end-April 2021, just over six months after the bank launched the market's first Sora-pegged business property loan.

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Banks, tech firms hit by new work pass restrictions

SINGAPORE'S new restrictions on work pass holders from higher-risk regions could cause temporary uncertainty for companies in the technology and financial sectors, but this blip is unlikely to significantly dent expansion plans, observers told The Business Times.Continued on Page 2

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Inflation tantrum no easy win for consumer stocks

THE world has become used to low inflation, but now, fears of inflation overshooting central banks' expectations are giving some investors pause.

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UOB staff allegedly falls for scam, divulges data on 1,166 customers

UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.

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Singapore banks off to a strong start in Q1, beating estimates and with an eye on M&A

SINGAPORE banks kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020.

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UOB staff allegedly falls for scam, discloses information of 1,166 China-national customers

UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.

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Earnings wrap: Singapore banks make handsome beat on estimates in Q1

SINGAPORE banks breezed through earnings estimates in Q1, with profits rising from the year-ago quarter on strong fee income and smaller impairments.

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OCBC Q1 profit more than doubles to record S$1.5b

OCBC on Friday said first quarter net profit more than doubled, as it joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period.

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OCBC geared for ‘very strong’ Greater Bay area competition; Q1 profit more than doubles to record

OCBC is ready to fend against “very strong competition” coming up in the Greater Bay Area, and is open to M&A opportunities that may emerge from the Citi sale, said its top executive. 

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