Money Matters with Hongbin Jeong and Chua Tian Tian

Football took centre stage (thankfully!), as Chelsea and City player out an 8-goal thriller. But with VAR still being debated across the grounds, Elliott caught up with Gary Neville - who was in Singapore this past weekend! Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

In a volatile market with economic uncertainty, Singaporeans today face challenges in crafting a comprehensive and future-oriented strategy that hedges against such risks. How can ultra-high net worth individuals (UHNWIs) construct long term portfolios that ensure wealth growth and protection for their generations in the face of uncertainty? Kevin Teng, CEO, WRISE Wealth Management Singapore shares his perspectives. 

In this edition of China Perspective, we focus on the highly anticipated meeting between Chinese President Xi Jinping and his US counterpart Joe Biden. Could they get some sort of clarity in their increasingly difficult relationship? Is it time to put their differences aside and focus on other things domestically like China and its economic slowdown? Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs shares more. 

Singapore stocks opened stronger today, as the earnings season approaches an end. In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,114.97 points after 93.9 million securities changed hands in the broader market. In terms of companies to watch for today, we have Genting Singapore, after the company on Friday posted a net profit of S$216.3 million for the third quarter ended September. That’s up 59 per cent from S$135.8 million a year earlier.  Elsewhere from more on global EV sales, to expectations for the October's consumer price index due tonight, more international headlines are in focus.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Khoon Goh, Head of Asia Research at ANZ.

Today we’re going to talk about one of the world’s largest software companies that is currently playing in the cloud technology and enterprise IT space.  Drumrolls, and bingo if you’ve guessed Oracle. Founded in 1977, Oracle provides organisations around the world with computing infrastructure and software, to help them innovate, unlock efficiencies and become more effective.  These include enterprise resource planning software, human capital management software and customer management software that companies use to streamline mundane operations like financial reporting, payrolls processing, or to better analyse customer needs.  Serving some 430,000 customers in 175 countries across industries, the firm generated US$50 billion in revenue in FY 2023. But what is the role of APAC in the bigger scheme of things?  On that note, Oracle had in April announced a plan to open a second cloud region in Singapore to meet the growing demand for its cloud services. What does it mean by a cloud region and how does it position the firm for future growth? Meanwhile, the firm also signed a multi-year partnership with Microsoft to provide computing infrastructure that supports the explosive growth of the AI-enabled Bing conversational search.  What is the rationale behind this partnership between the frenemies, and how will AI reshape the competitive landscape in the software industry? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Chris Chelliah, Senior Vice President, Technology and Customer Strategy, Oracle JAPAC.

When you think football fashion, who is the first footballer that springs to mind? Be it flamboyant hairstyles or outlandish outfits, Elliott and Raushan take a trip down memory lane uncovering some head turners in the beautiful game! Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Shingles, also known as herpes zoster, is a painful skin rash caused by the re-activation of the chickenpox virus in people who have previously had chickenpox. The virus can be re-activated because of a range of issues that include advancing age, immune-suppressants, illness, or stress.  Dr Asok Kurup, Infectious Disease Expert, Mount Elizabeth Hospital tells us more about how to manage shingles and how long it takes to recover. 

Are you a fan of Vietnamese cuisine? If you are, there is a new player in town! Lộ Quậy is a new Vietnamese restaurant in Singapore’s buzzy Telok Ayer district. And the restaurant is its chef’s intentional, bold reimagination of the traditional dishes of her homeland, tapping into the flavours of her childhood in 1980s Saigon,  Quỳnh Brown, Chef, Lộ Quậy shares with us more. 

Singapore shares began trading in negative territory today, tracking overnight losses on Wall Street.  In early trade, the Straits Times Index (STI) was down 0.6 per cent to 3,116.28 points after 72.7 million securities changed hands in the broader market.  In terms of companies to watch today, we have OCBC, after it reported a 21.4 per cent rise in net profit for the third quarter. That’s supported by record growth in net interest income and higher non-interest income. Elsewhere from ST Engineering and First Resources. to Meta striking a deal with Tencent to sell VR headsets in China, more corporate headlines remain in focus. Also on deck today, Jerome Powell’s comments at the International Monetary Fund conference and his resolve to fight stubborning high prices in the US. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments withSunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

The fintech landscape in Singapore has evolved into a thriving ecosystem, cementing its position as a leading hub for fintech startups, established businesses and investors. While we are in the forefront in this scene, there is still a need for standardised procedures for identifying abnormalities and advanced solutions to combat vulnerabilities.  So how can financial institutions leverage AI and emerging tech for greater bank security?  Wen Huang, APAC Chief Technology Officer, SoftServe shares his views.