The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

Cordlife’s cavalier response to breaches raises troubling questions

google-preferred-sourceAdd BT as a preferred source
Megan Cheah

Megan Cheah

Published Tue, Dec 12, 2023 · 05:00 AM
    • Cordlife has come under fire after seven of its 22 storage tanks were recorded with temperatures above acceptable limits of minus 150 deg Celsius. 
    • Cordlife has come under fire after seven of its 22 storage tanks were recorded with temperatures above acceptable limits of minus 150 deg Celsius.  PHOTO: CORDLIFE GROUP

    INVESTORS in cord-blood bank service provider Cordlife Group may be feeling hard done by – and rightfully so.

    After lapses found in Cordlife’s storage of cord-blood units recently came to light, the group sent several letters to customers, some of whom had spent near five-digit figures to store their children’s cord blood.

    These customers have every reason to be aggrieved, but so, too, do Cordlife’s shareholders.

    Hock Lock SiewcordlifeHealthcareSpotlight

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    Singtel's AI and cloud initiatives generated S$25 million in revenue from the initial phase of its data centre and AI deployment.

    DBS upgrades Singtel to ‘buy’ as Bharti Airtel gets valuation boost with upcoming industry tailwind

    Fortune notes that Tan Su Shan made history in 2025 as the first woman to lead DBS, South-east Asia’s largest bank by assets.

    DBS CEO Tan Su Shan ranks sixth globally on Fortune’s most powerful women list in 2026

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More