8 March 2023
Market View: Cosco Shipping International’s JV with Supply Fortune to invest in logistics infrastructure assets; Lian Beng’s new construction project bumps order book in Singapore to S$2.1b; Fed Chair Jerome Powell’s testimony before the Senate Banking Committee; Exchange with Senator Elizabeth Warren on impact of hikes on unemployment
Singapore shares started the day in the negative territory, after interest rate hike fears spread across global markets overnight.
The Straits Times Index (STI) was down 0.3 per cent in early trade to 3,235.95 points after 186.9 million securities changed hands.
Some companies seeing new developments include Cosco Shipping International, which formed a joint venture with its associate, Supply Fortune, to invest in logistics infrastructure assets.
Meanwhile, investors continue to sieve through details from US Federal Reserve Chair Jerome Powell’s hawkish comments before the Senate Banking Committee.
On Market View, the Drive Time team sieved through the details with Christopher Forbes, Head of CMC Invest Singapore.

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8 February 2023
Bigger Picture: AI chatbot race heats up
Christopher Forbes, Head of CMC Invest Singapore, discusses Microsoft's announcement that it will be integrating ChatGPT technology into its Bing search engine, and Edge browser - plus plans to let other companies create their own chatbots with the technology. He discusses how much of a threat this will be for Google, as well as other post-Covid trends investors can focus on this year.

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