Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore equities began the day firmly in positive territory after global equities largely fell overnight. To end the day, STI closed up 0.5%. So how did the STI fare today ahead of the important non farm payroll tomorrow?  Meanwhile, as scepticism over the artificial intelligence hype grows momentum, Broadcom's recent tests of Intel's 18A chipmaking process have revealed that it has not produced satisfactory results. So how should investors react? On top of this, Broadcom is due to report its latest results soon. What should investors look out for?  On Market View, David Chow, Director of Azure Capital joins Hongbin Jeong for the latest market moves and views. 

AI has been taking the world by storm since ChatGPT was launched two years ago. Soon you may be able to watch a blockbuster entirely generated by artificial intelligence. AI CREATE is set to bring Singapore's first AI film showcase at the ArtScience Museum. Taking place on September 14 and 15, Creator RenAIssance will showcase 18 iconic short films and documentaries created using AI. The event is set to redefine how we view filmmaking and the role of AI in the creative process. On Culture Club, Hongbin Jeong and Roshan Gidwani speak with David Webster, Co-Founder of AI CREATE and CEO & Co-Founder of The Carrot Collective to find out more about the upcoming festiva. They also deep dive into how AI is revolutionising the creative landscape in Singapore. Presented by: Hongbin Jeong and Roshan Gidwani Feature produced and edited by: Nadiah Koh  Do you have a story to tell on The Evening Runway show? Contact nadkoh@sph.com.sg

On What's Trending, students are using TikTok to showcase their decorated dorm rooms, a trend similar to Gossip Girl. They are hiring interior designers to create rooms with trendy decor, smart storage solutions, and unique personal touches. Also, Anna Sorokin, known for her infamous 2018 arrest for swindling over $200,000, is set to appear on Season 33 of Dancing With the Stars, with an ankle monitor on her leg as part of her house arrest. Sorokin will be joining Team USA's breakout star, Stephen Nedoroscik, known as "Pommel Horse Guy."

It’s similar to surge pricing when vendors raise prices based on demand… But is it fair? And what’s the recent kerfuffle all about? Roshan Gidwani, Hongbin Jeong and Chua Tian Tian spill the tea!  Get in touch with our anchors at rgidwani@sph.com.sg, chuatt@sph.com.sg and hongbin@sph.com.sg.   

Singapore shares started trading in negative territory today, tracking overnight losses in global markets. The Straits Times Index (STI) opened 1.7 per cent lower at 3,422.71 points after 50.9 million securities changed hands in the broader market. In terms of companies to watch for today, we have CapitaLand Integrated Commercial Trust. The trust will issue 171.7 million new units at an issue price of S$2.04 apiece. Elsewhere from the global tech rout we saw overnight with Nvidia shedding nearly US$280 billion in value to Singapore Airlines inspecting some engines in its A350-900 planes as a precaution after Cathay Pacific Airways identified an engine component failure on one of its flights – we’ve got more international and corporate headlines remain in focus.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

Imagine a productivity super app for businesses to digitalise operations from HQ to storefront, streamline communications, and achieve operational efficiency – all in one place. That’s Lark for you.  Initially developed by Chinese social media giant ByteDance in 2016 for internal use, Lark started as a platform that aims to combine business processes and collaborative documents in a single platform to transform workplace collaboration.  The platform was later spun off in 2019 to become a subsidiary of ByteDance, providing tools for project management, video conferencing, chat, documentation, and automation to help enterprises simplify their workflows. The firm serves some of the fastest growing companies from over 125 countries, ranging from Pop Mart, Atome, Xiaomi, Aeon Mall and even hotpot chain Haidilao, and is widely seen as a close competitor of Slack.  But how does Lark define its positioning within the industry and the geographical markets it wants to double down on?  Also, a technode article in December 2021 had said that Lark was aiming to achieve US$1 billion in global revenue from the five years counting from 2021. Three years later, an Yicai Global report said in March 2024 that Lark is reportedly launching a downsizing initiative and a new round of organisational adjustments. But what were the reasons behind the move and how far is the Lark still in line with the earlier targets it had set out to achieve? What will be the key drivers of growth for the firm? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Mark Dembitz, General Manager of APAC, Lark.

Ever found yourself tongue-tied when it comes to discussing money with your partner, family, or friends? You’re not alone! In this episode of That's How!, Hongbin Jeong and Roshan Gidwani tackle one of the trickiest aspects of financial life: having effective money conversations. Source: www.prnewswire.com/news-releases/62-of-americans-dont-talk-about-money-according-to-new-empower-research-and-their-silence-may-come-at-a-cost-301797007.html

Envision a leader who excels in both the high-stakes world of wealth management and the demanding course of a marathon, driven by a singular vision: to leave a lasting legacy.  CEO by day, Master Athlete by night. This is no other than Martin Wong, Regional CEO of Grandtag. Martin directs Grandtag, a leading financial advisory firm serving the ultra-rich since 2007. His successful leadership is also echoed on the track, where he has won numerous medals at various Masters Athletics competitions in his 50s. On R.I.C.H, Hongbin Jeong and Roshan Gidwani speak with Martin to find out how he balances both his professional and personal life.  Presented by: Hongbin Jeong and Roshan Gidwani Feature produced and edited by: Nadiah Koh  Do you have a story to tell on The Evening Runway show? Contact nadkoh@sph.com.sg

On What's Trending, OCBC bank has introduced the OCBC MyOwn Account, allowing children aged seven to 15 to have their own bank accounts digitally through the OCBC Digital app. The account, available from October 20th, requires parents to open it via their OCBC Digital app. Also, TikTok users are embracing the 'Fridgescaping' trend, which involves decorating the inside of their refrigerator with ornate food storage containers, ornaments, picture frames, mirrors, and figurines. Some users have even incorporated the Regency aesthetic of Bridgerton, using wicker baskets and floral designs.

Asian spirits have long held a revered status in their home countries, with rich cultural traditions and centuries-old craftsmanship shaping their identity. So dive into the world of vintage spirits and traditional Asian beverages at JIU Asia 2024, featuring more than 100 varieties of Asian-origin spirits. Explore the rich traditions and craftsmanship that will be showcased at the three-day event from September 6th to 8th. On Culture Club, Hongbin Jeong and Roshan Gidwani speak with Keith Nakamura, Head of Marketin, VMSD and Jacelyn Lee, Managing Director, VMSD to find out more. Presented by: Hongbin Jeong and Roshan Gidwani Feature produced and edited by: Nadiah Koh  Do you have a story to tell on The Evening Runway show? Contact nadkoh@sph.com.sg