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HNWs in Singapore place bets on crypto going mainstream

THE public listing of cryptocurrency exchange Coinbase in April is a sign that crypto may be edging into the mainstream of finance.

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Fintech companies SDAX and Minterest to merge, build digital asset exchange ecosystem

BLOCKCHAIN platform Digiassets Exchange (Singapore) (SDAX) and fintech company Minterest Holdings have agreed to merge to build a global digital asset exchange ecosystem amid growing demand for alternative investments.

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UOB confident of exiting coal lending, but avoids ‘big declarations’: sustainability chief

DESPITE being "relatively confident" of exiting coal-financing within the next two decades, UOB has refrained from making a public position to focus on helping its clients make the transition, said Eric Lim, the bank's newly-appointed sustainability chief.

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UOB confident of exiting coal in 20 years, but avoids ‘big declarations’, says its sustainability chief

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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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