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Technology is driving the transition to a more sustainable future. Green tech innovations are at the forefront of the global sustainability push, offering practical solutions to some of the most pressing environmental challenges. Recently, UOB FinLab, the Bank’s innovation accelerator, awarded a total of more than $100,000 to selected Green Technology (GreenTech) firms to pilot 15 sustainability s...

The US dollar is soaring amid strong momentum to the upside following Donald Trump’s US election win.  What does this mean for the USD / JPY pair and the carry trade? How will a strong dollar and impending tariffs impact the Chinese markets? How does the USD pair with the Singapore dollar in the current market conditions? Yeap Junrong, Market Strategist at IG, weighs in with his views on the green...

The global quantum computing market is estimated to be worth between US$45 billion and US$131 billion by 2040 (McKinsey). The single largest sector to be impacted is the financial services sector, with an estimated value at stake of US$450 billion. To this end, the business world is rapidly transforming with two revolutionary technologies leading the charge; quantum computing and AI. Each of these...

Up to 20,000 additional certificates of entitlement (COE) will be injected across the five vehicle categories over the next few years from February 2025. The announcement, made by Land Transport Authority on Oct 29, has sparked much discussion among many. The LTA says the move reflects recent trends in vehicle usage, the upcoming and improved ERP 2.0 system and significant investments in Singapore...

Singapore Airlines Group's net profit fell 48.5% YoY to $742m in H1 FY2024/2025 on weaker operating performance. Shares of the city's flag carrier dropped after it reported a slump in profits due to increased competition and higher fuel costs.   Isaac Lim, Chief Market Strategist at investment platform moomoo Singapore joins The Afternoon Update to unpack details of the earnings release and shares...

In recent years, the digital entertainment landscape has witnessed a fascinating evolution with the emergence of Virtual YouTubers, or VTubers. There is a rising trend of these content creators who use computer-generated avatars representing themselves in videos and live streams. The VTuber market, stands at around US$500 million ($658.7 million).  Today on Industry Insight, we find out more about...

With the rise of digital assets, it can be quite an uphill journey and steep learning curve for both traditional banks and clients in navigating this space. This is where Singapore-based digital payment solution provider MetaComp enters the picture.  Describing themselves as the Compass of the Meta-Crypto World, Eddie Hui , COO and Co-President of MetaComp and Tin Pei Ling , Co-President of MetaCo...

While quantum computing is still in its developmental stages, it is gearing up to have a profound impact on the financial system. According to McKinsey, by 2035, quantum computing use cases in the finance industry could create $622billion in value. Here in Singapore, efforts are being made to tap into that potential. For example, just a few months ago, the Monetary Authority of Singapore announced...

As global financial institutions and consumers navigate economic and regulatory changes, more effective ways are sought to predict risk. With the boom in generative AI, how has technology changed the financial services industry when it comes to financial crime compliance? What are the new challenges for financial institutions in the fight against financial crime? Rohit Mittal, APAC Director of Fin...

Carbon markets have evolved into a significant international market segment that has generated $104 billion in revenue in 2024 to fund climate and nature programs. Indeed, it is a growing sector, especially when energy transition and the race to net zero is entering a new phase of maturity in which nations and corporations are being held to higher levels of integrity in both compliance and volunta...

In an era of rapid digital transformation, efficient and innovative payment solutions are crucial for business success.  On Industry Insight, we look at the latest in payment solutions, and explore the advancements in payment technologies. From real-time transactions to embedded finance, what are some of the common initiatives industry players are focusing on, to help businesses scale and unlock n...

There is an emerging trend of innovative products being made to help boost food production without agriculture. For example, fat that is free from animal ingredients and artificial ingredients. Using precision fermentation, Australian food tech company Nourish Ingredients , a pioneer in the emerging 'animal-free' speciality fat segment has produced the world's first animal-free fat that is derived...

With the US election and Fed meeting on the horizon, there is a noticeable shift in investor sentiment across Asian markets. Key movements in currencies hint at regional resilience amid global uncertainties as the dollar weakened ahead of the outcome of the U.S. presidential election this week. However, the Malaysian ringgit has seen its move to the upside halted, closing in October lower by 5.8 p...

For Singapore-based investors, letting properties in the UK is one of the best ways to make a steady income. But a long-distance landlord job can be challenging. Research by independent letting and sales agent Benham and Reeves has highlighted the increasing number of fraudulent lettings applications by rogue tenants in the UK. The research found that the number of false applications being detecte...

China’s top legislature will convene a meeting from November 4-8 to discuss a wide range of issues facing the country.  The meeting which usually takes place at the end of October, will be held as the US elects its next president. How will the US elections impact China’s markets? Gary Ng, Senior Economist at investment banking firm Natixis, tells us more about what to expect from China’s top legis...

Japan's Prime Minister Shigeru Ishiba insists that he would not step down following the ruling Liberal Democratic Party (LDP)’s resounding defeat in the lower house election. A special Diet session must be held within 30 days of the election to elect the prime minister, as bound by the Constitution. But whether this will again be Mr Ishiba, who had taken office only on Oct 1, is a big question mar...

With the US Election exactly a week away, opinion polls show a frozen presidential race, between Vice-President Kamala Harris and former president Donald Trump, especially in the handful of decisive swing states. All the polls are within the margin of error, as both camps continue to fight for every vote.  What happens in the coming days will be pivotal in deciding the winner, so what can we expec...

With more than 90% of Singapore food coming from imported sources, food security is a big issue here since we are more vulnerable to many factors outside our control. Therefore, a Singapore Aquaculture Plan has been implemented to uplift the local aquaculture sector and work towards sustainably producing 30% of our food by 2030, especially as aquaculture has some of the highest attrition rates in...

Asia Pacific is home to some of the world’s largest real-time payments markets. In the last decade, there has been rapid proliferation of digital payment solutions such as digital wallets, peer-to-peer transfers, and contactless payments, which have enabled the growth of digital economies across Asia and beyond. While the payments experience may seem simpler, providers face growing challenges from...

The US presidential election is just a week away. A win for either side will significantly change what happens in the world, including market movements. What would a Kamala Harris or Donald Trump victory mean for the US stock market and global markets? Yeap Junrong , Market Strategist at IG, looks ahead to the possibilities, the various permutations of the results and the impact on the S&P 500...

Over this year’s Singapore Grand Prix weekend, a 20 percent increase in the number of international visitors was observed, while the number of high-net-worth visitors surged by over 70%. According to data from Visa’s Formula One Travel Spending Data Report, the exciting and busy weekend drove close to 30% spending uplift.  With several high-value tourist events happening this year besides the Sing...

Japan goes to the polls on October 27. In the US, Americans will vote on their next president in a couple of weeks.  How will elections impact both the USD and the Japanese Yen? What is the effect on the Sing dollar against these major currencies? Yeap Junrong , Market Strategist at IG, shares his insights.  See omnystudio.com/listener for privacy information.

The GameStop stock craze in 2021, which was fueled by Youtuber “Roaring Kitty”, or Keith Gill signified the growing power of social media in shaping financial markets. Indeed, social media platforms like YouTube, TikTok, and Instagram have become popular channels for Gen Z to seek financial insights. The younger digital natives prefer the immediacy and accessibility of online content over traditio...

Tesla’s latest earnings report topped analysts’ estimates even as revenue came in just shy of expectations, sending the stock popping 12% in extended trading to about $240. This breaks the stock's losing streak since the Robotaxi announcement earlier this month. Overall, it is a busy month for Tesla, not just in terms of announcements, but also for the man himself, Elon Musk, who has been making m...

In Singapore, estate planning is not just for the wealthy; it’s a practical step for anyone wanting to manage their assets responsibly. Whether or not you share the wishes outlined in your estate plan is your choice. In some situations, it may be in your best interest to let certain people in on the secret. Jonathan Wong , lawyer and director of Singapore practice Bayfront Law, shares his expertis...