Your Way Home with Hongbin Jeong

Put fintech, payments and affiliate marketing together – and you get a company called Fave.  Founded in 2015, Fave prides itself as Southeast Asia’s fastest growing platform that allows users to pay using QR codes and receive cashbacks on their digital transactions. The firm also enables users to buy and redeem restaurant deals, spa, massage, travel and activity offers using its apps. It even provides eCards to customers to save on their purchases.  So far, the firm operates in 35 cities across Malaysia, Singapore and India with over 40,000 retailers and merchants and 20 million annual transactions. But which is the most important revenue stream and geographical market for the Fave where money is concerned?  And with Southeast Asia’s digital economy tipped to see gross merchandise value hit US$1 trillion by 2030, what opportunities lie ahead of the firm? Meanwhile, Fave is also seeing a number of exciting developments. For instance, Fave had in November last year said it was taking part in the Singapore Quick Response Code+ or SGQR+ POC (proof of concept) led by the Monetary Authority of Singapore.  The initiative aims to enhance interoperability between merchants and QR payment apps. But what does Fave’s participation mean when it comes to the dollars and cents? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Hayley Pang, Head of Strategic Partnerships, Fave.

Reports have emerged that ex-Manchester United manager Ole Gunnar Solskjaer is a shock potential interim solution should Bayern Munich part ways with the underfire Thomas Tuchel mid-season. Would it the right move? We hear from a Bayern fan to get their thoughts! Plus, Dan Ashworth's imminent arrival at Manchester United takes shape with Newcastle putting him on 'gardening leave' while both clubs negotiate a deal. If Ashworth is the answer to United's woes, what are the questions at hand? We discuss! Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Singapore shares fell at the opening bell today despite overnight gains in European markets. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,223.59 points after 27 million securities changed hands in the broader market. In terms of companies to watch, we have for you  Sembcorp Industries (U96):  The energy company posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half of the year ended Dec 31, 2023.  Elsewhere from China lowering its five-year loan prime rate, to Japanese companies posting record quarterly profits – more international headlines remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.

China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corporation of China (Comac), has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow on Feb 18. With its C919 aircraft, Beijing wants to challenge the decades-long dominance of Western plane-makers in the global passenger market while reducing its reliance on foreign technology. Can China’s homegrown airliner compete with Airbus and Boeing? How will Comac position itself as a viable alternative? Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs explains. 

Singapore has one of the safest construction industries on earth, with the second lowest incident rate of any country, according to one recent study. Even so, there’s no doubt that construction sites are riskier workplaces than most. Improvements to workplace safety should not be viewed as an end goal, and efforts to create safer workplaces will need to continue.  How can technology help industry players manage safety risks? How can Singapore’s construction firms effectively work with their existing workforce to integrate these technologies?  Sumit Oberoi, Senior Manager for APAC Construction Strategy at Autodesk explains. 

In recent years, female entrepreneurship has been on the rise, with a growing number of women-owned startups making their mark in various industries. In the lead up to this year’s International Women’s Day themed “Inspire Inclusion”, Lilian Ong, Founder of Class Living, a social enterprise, and Women of Courage Asia, Lilian Ong shareshow she became a successful social entrepreneur in Singapore while overcoming her personal battles.

In today’s ultra-demanding marketplace, consumers expect more. But organisations often struggle to meet their demands. And when it comes to communication, a frustrating experience can be the difference between a sale and a disgruntled ex-customer. So how can companies better serve customers, boost the experience, and separate from the pack? Kate Liew, Senior Marketing Director, APAC explains.

Semiconductors have been the talk of the town for the past two years, have you heard of a new type of chip called chiplets? Think of it this way. According to IBM Research, computer chips today are made using a technique called systems on a chip or SOC, where multiple computer functions such as general processing, data storage are put into a single chip.  While this way of building chips has worked well in the past, every chip comes with multiple functions, some of which that the customer may or may not need.  This means that it is not efficient to use such chips for high performance tasks such as AI computing or big data processing. So what the chiplet technology does is to break apart the system into its composite function parts. These individual parts are called chiplets.  Chiplets could be mixed and matched on a module to then create chips with more efficient and specific functions, just like Lego blocks. They are in fact increasingly adopted by big tech firms such as Apple and AMD. But why are we talking so much about chiplets today? Well, that’s because our guest is startup venture Silicon Box, which focuses on the semiconductor design of chiplets.  Started in 2021 by the founders of NASDAQ-listed chipmaker Marvell, the firm raised US$200 million in a Series B round this year. The firm said its valuation surpassed the US$1 billion mark, making it a unicorn less than three years after founding.  But how does the firm assess its valuation numbers and what are the key drivers of growth in the chiplets space?  Meanwhile, SiliconBox opened a US$2 billion facility in Tampines in July last year but what is the role of Singapore in its wider portfolio? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Mike Han, Head of Business, Silicon Box.

Bayern Munich’s latest 3-2 loss to Bochum capped off a nightmare week of three consecutive defeats for Thomas Tuchel. With Harry Kane under scrutiny and an 8-point game to Bundesliga leaders Leverkusen, the perennial German champions  have plunged into deep crisis. Will Tuchel survive the season? Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Singapore shares remained relatively unchanged at the opening bell this morning, the first trading day following Singapore’s Budget announcement on Friday. The latest Budget focused on rolling out the first instalment of the Forward Singapore programme. Singapore’s Budget 2024 set aside top-ups for cost-of-living support, businesses and housing support for young families. It also included the introduction of a new SkillsFuture programme and Refundable Investment Credit scheme for companies.  Local companies are in focus today as we deep dive into the 13 blue-chip stocks that could benefit from the measures announced.  Aside from that, we also have Olam Group after a review concluded by the food and agri-business giant has turned up no evidence that its Nigerian unit was involved in a multibillion-dollar fraud as reported by media outlets in 2023.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.