Money Matters with Hongbin Jeong and Chua Tian Tian

The US Congress reached a deal on how much to spend for 2024 ahead of a possible government shutdown. The deal would establish an overall spending level of US$1.59 trillion in fiscal year 2024.  Does this move bring Congress closer to avoiding of a potential government shutdown? How will government spending define the 2024 US election? In this episode of Washington Report,Dr John Donaldson, Associate Professor of Political Science,  School of Social Sciences, Singapore Management University explains it all. 

AI marketing has become unavoidable for businesses these days because it facilitates ad targeting optimization, develops customer journey mapping, content creation, and more. But have marketers in Southeast Asia embraced AI the way they should be? How have the perception of AI marketing changed over the years? Kate Liew, Senior Marketing Director, APAC, Vonage explains. 

Singapore stocks opened stronger today,  tracking overnight gains in the European market. In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,176.59 points  after 65.6 million securities changed hands in the broader market. In terms of companies to watch today, we have Dyna-Mac. The offshore oil-and-gas contractor has proposed a bonus issue of up to 207.4 million warrants on the basis of one warrant for every five existing shares to raise up to S$31.1 million.  Elsewhere from more Bank of Japan watchers pushing back their predictions for the end of negative rates, to the outlook for oil prices in the year of 2024, more international headlines remain in focus. 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.

It’s already Friday and what better way to end the afternoon than with a good cup of coffee or Kopi. Speaking of coffee, you might have seen quite a number of new coffee chains sprouting in sunny Singapore, including several chains who have made their names in other parts of the world such as Indonesia and China.  And we’re going to speak to one such entrant today. Founded in 2017, Kopi Kenangan is a non-franchise tech-enabled coffee chain, where it focuses on serving coffee priced between the higher priced international brands versus the cheaper alternative sold by street vendors.  Fast forward to today, the firm is also one of the fastest growing grab-and-go coffee chains in Indonesia with around 800 stores across over 60 cities in Indonesia.  For one thing, the Sequoia Capital-backed startup served 30 million cups of coffee in the year of 2020 alone.  It also became the first F&B Unicorn in South East Asia in December 2021, following a US$96 million Series C round to help it expand internationally.  True enough, the firm entered into Malaysia and thereafter to Singapore last September. But how will the firm’s positioning strategy in Singapore differ from that in Indonesia given the differences in cost structures?  Also – how does the firm assess the Singapore market, as well as the recent exits of players such as Flash Coffee and Spinelli?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to James Prananto, Co-founder and CEO, Kenangan Coffee.

Singapore stocks opened muted today after global markets continued to retreat in the second trading day of the year. In early trade, the Straits Times Index edged up 0.03 per cent to 3,200.24 points after 55.7 million securities changed hands in the broader market. In terms of companies to watch, we have Seatrium, after its contract for a 1,260 megawatt offshore substation platform, valued at over S$250 million was cancelled.  Elsewhere, from minutes of the Federal Reserve’s December meeting to China’s fiscal spending and the Japanese market’s performance on its first day of trade this year, more international headlines remain in focus.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

Today we’re going to talk about helping patients with their rehabilitation through exoskeletons and even humanoid robots. Founded in 2015, our guest for today Fourier Intelligence aims to redefine rehabilitation robotics solutions by integrating inter-connectable intelligent robotics technology with creativity.  So far, the firm provides over 30 products and 200 solutions that can assist patients with upper and lower body impairments, as well as those with difficulties with movements and balance.  Why are we speaking to Fourier Intelligence you might ask? Well, it may be early days for robots in the rehabilitation industry now, but the space holds tremendous potential.  For one thing, Grand View Research valued the global rehabilitation robots market at US$226 million in 2021. It also expects the market to grow at a compound annual growth rate of 17.3% from 2022 to 2030 amid a rise in healthcare spending and an ageing population in maturing economies. So what are the opportunities ahead for Fourier Intelligence?  Meanwhile, the firm is also building a network of researchers to chart the new frontier of innovative medical technologies, with strategic partners such as the Shirley Ryan AbilityLab in Chicago, the National Healthcare Group in Singapore, and the University of Melbourne. What can we expect on this front? And just to get you excited – Fourier Intelligence also debuted what’s said to be the world’s first general-purpose humanoid robot for use in rehabilitative care and scientific research. But what does the invention mean for the company? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Zen Koh, Co-founder and Global CEO of Fourier Intelligence.

Singapore stocks opened weaker today following overnight losses in the US and Europe after technology stocks took a beating. In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,204.07 points, after 83.7 million securities changed hands in the broader market. Regional and international headlines are in focus today. Among which is the outlook for India’s manufacturing industry, after it ended 2023 on a slightly shaky footing. That’s with factory growth decelerating to an eighteen-month low in December.  Also on the table , the outlook for the US market and whether we can expect growth outside of the Magnificent Seven stocks. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked these developments with  James Cheo, Chief Investment Officer, Southeast Asia at HSBC Global Private Banking and Wealth.

Today we’re going to talk about an item that about half of the world’s population might need to wear by 2050.  You might have the answer already – that is glasses. According to a 2017 article by the World Economic Forum, half of the global population could be shortsighted by the middle of the century, an increase of over a third on 2017 figures.  And that presents business opportunities for our guest Lenskart, which operates over 1,500 omnichannel eyewear stores across 175 cities in India, Singapore and Dubai. Just to give you a sense of where things are at for the firm, Lenskart is delivering 10 million spectacles a year to people in India, Southeast Asia, the Middle East as of 2021, with the aim to deliver a billion pairs of spectacles over the next 10 years.  Given the goal, it is no wonder that the firm is expanding rapidly of late. It acquired a majority stake in Japanese eyewear brand Owndays in June 2022.  That’s in a deal that is said to value Owndays at a whopping US$400 million. But what is the strategic value brought about by Owndays though? On the organic expansion front, the Softbank-backed retailer said in December that it intends to open 300 to 400 stores in Southeast Asia over the next two years.  But where will Lenskart be focusing on as a start and what role will the Singapore market play in the bigger scheme of things? How does Lenskart intend to fund its growing ambitions? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Peyush Bansal, Co-founder, CEO, Lenskart.

Singapore stocks opened 2024 stronger, driven by banking stocks’ gains. The Straits Times Index (STI) rose 0.5 per cent to 3,255.63 points in early trade after 54.8 million securities changed hands in the broader market. In terms of companies to watch, we have Keppel Corporation. The conglomerate delivered 61.1 per cent in shareholder returns for 2023, higher than the 49.3 per cent posted in 2022.  Meanwhile, from China’s travel and tourism demand during the New Year’s Day holiday to key movements in the currency markets, more international headlines remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Jeff Ng, Head of Asia Macro Strategy, Sumitomo Mitsui Banking Corporation.

We’re going to kickstart the year by bringing you an inside look into the final company that was listed on the Singapore Exchange in 2023.  If you’ve guessed Winking Studios - you’re right! Established in 2003, Winking Studios is a game-art outsourcing studio majority owned by Acer Gaming.  Game art outsourcing, for context, involves the creation and development of digital art assets such as game character design and 3D.  Headquartered in Singapore, Winking Studios currently has seven studios across Nanjing, Shanghai and Taipei with a staff count of over 700 people. It has also expanded its suite of offerings to look at game development and the release of gaming peripherals. The firm said it is Asia’s third-largest and the world’s fourth-largest game art outsourcing studio, with 19 of the world’s 25 largest game developers being its customers. Back to the point on listing, Winking Studios is the sixth to list on the SGX in 2023 in a fully subscribed IPO. The company said prior to its listing that it intends to use its proceeds to establish overseas subsidiaries and offices in Asia. It wants to double down on business development and marketing efforts in the US and Europe, as well as pursue strategic acquisitions to grow its market share. But why is the firm expanding its sphere of influence lately and what opportunities does it see in the art outsourcing market in the near term? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Johnny Jan, Executive Chairman and Chief Executive Officer, Winking Studios.