The Afternoon Update with Lynlee Foo
About
Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.
NOV 1, 2024
01/11/24 - Weekly Wrap: Will Japan's Ishiba remain as Prime Minister despite the LDP's bruising loss?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 mark.
Walter Sim, Japan Correspondent at The Straits Times, weighs in on the contributing factors of the LDP's poor performance, the impact of the hung Parliament and the challenges for Japan in the days ahead.
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16:37
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OCT 30, 2024
30/10/24 - Viewpoint: Trump vs Harris: What to watch in the final stretchWith 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 expect? What is the state of play?
Samuel Garrett, Research Associate at the University of Sydney's United States Studies Centre shares his views as we enter the final stretch.
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13:40
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OCT 30, 2024
30/10/24 - Industry Insight: Revolutionising food security with cutting-edge vaccine technologyWith 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 the range of 70% of entire yields being wiped out.
On Industry Insight, we look into solutions to do with synthetic biology and cutting-edge bioinformatics in managing disease in aquaculture with CEO and Founder of TeOra, Dr. Rishita Changede, whose company uses Nobel prize-winning technologies to transform the biotechnology landscape.
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11:29
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OCT 29, 2024
29/10/24 - Industry Insight: Real-time payments: Cross-border challenges, AI in fraud managementAsia 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 regulations, fragment systems and the advancement of AI.
In a wide-ranging interview, Thomas Warsop, CEO of global payments company ACI Worldwide, provides his insights on current trends and challenges shaping the way we pay.
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21:23
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OCT 28, 2024
28/10/24 - Market View: Trump vs Harris. Who's better for the markets?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, Chinese Markets and Emerging markets.
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10:40
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OCT 25, 2024
25/10/24 - Industry Insight: Revving up Singapore's tourismOver 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 Singapore Grand Prix, such as concerts featuring music icons Taylor Swift, Coldplay and Bruno Mars, what is the economic significance of the international visitor influx?
Ken Wong, Head of Data Science for Asia Pacific at digital payments firm Visa, tells us more.
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13:29
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OCT 25, 2024
25/10/24 - Market View: How elections can shake up the currency marketsJapan 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.
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09:51
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OCT 24, 2024
24/10/24 - Industry Insight: Are 'finfluencers' taking over financial advisor roles?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 traditional face-to-face meetings with financial advisors. This has led to a rise in 'finfluencers' - online influencers who provide financial guidance and investment tips. How is this 'finfluencer' trend impacting the financial advisory industry? Will 'finfluencers' take over traditional roles in the industry?
Louis Koay, Senior Financial Services Director, PhillipCapital, weighs in.
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11:42
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OCT 24, 2024
24/10/24 - Market View: Tesla's Q3 profit and the "Elon Musk Effect"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 many appearances and headlines.
How will the stock be impacted by the latest earnings result and by Elon Musk's latest antics?
Isaac Lim, Chief Market Strategist at global trading and investment platform Moomoo, shares his fundamental and technical analysis.
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08:24
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OCT 24, 2024
24/10/24 - Viewpoint: Should your will be kept secret?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 expertise in the basics of estate planning, and how you can confidently manage your assets, and hopefully avoid family drama.
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14:32
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