Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares advanced in early trade today, tracking overall gains in global markets. The Straits Times Index (STI) rose 0.1 per cent to 3,072.09 points then, after 26 million securities changed hands in the broader market. In terms of companies to watch today, we have Great Eastern, after the insurance arm of OCBC posted a 5 per cent increase in total weighted new sales to S$419.4 million for the third quarter ended September.  Elsewhere from WeWork reportedly filing for a Chapter 11 petition in New Jersey to more on media reports of China Evergrande’s plans for offshore bondholders, more corporate headlines are in focus.  Also on the table today – more news on two automakers that both have their names start with the letter ’T’ – Tesla and Toyota. On Market View, The Evening Runway’s finance presenter Chua Tian Tian sat down with Matthias Chan, Head of Research at SAC Capital for more.

Does owning a home at sea makes financial sense?  The World, Residences at Sea, the only privately-owned residential yacht on Earth, will be berthing in Singapore in May 2024. Investors looking for a unique ultra-luxury lifestyle of global exploration from the comfort of ‘home' can expect a small number of private residences available for resale onboard the The World. We sit down with Craig Bowen, Ambassador for The World to find out more about the investment and lifestyle opportunities The World presents.

The Netherlands has strong ties with Singapore, dating back to the 19th century and fast forward, more than 1600 Dutch companies are active in Singapore.  Mrs. Anneke Adema, Ambassador of the Netherlands to Singapore and Brunei tells us more on how the relationship between Singapore and the Netherlands have progressed over the years and Dutchcham Winsemius Awards' role in all of these. 

From the conclusion of the 10th Singapore-Malaysia Leaders’ Retreat to Malaysian Prime Minister Anwar Ibrahim revealing that the US has tried to pressure Malaysia on the Palestine-Israel conflict.  Dr Mustafa Izzuddin, Senior International Affairs Analyst, Solaris Strategies Singapore gives us an analysis of those headlines and more. 

Enabling a world where everyone and everything can be intelligently connected. That’s the mission of our guest for today Qualcomm Technologies.  Founded in 1985, Qualcomm is a semiconductor designer and an innovator in wireless communications technologies. The firm relies on third party manufacturers like TSMC and Globalfoundries to make chips, which are then sold to smartphone makers.  While it is not a hardware firm, Qualcomm still transforms the way we work, live and communicate through its processors and modems.  Take your Samsung Galaxy phones powered using Qualcomm Technologies’ 5G connectivity solutions, or even the technologies behind the smart and connected factories that make the items we consume.  The firm is perhaps closer to us than we think. But with preliminary data from the International Data Corporation showing worldwide smartphone shipments declined 0.1 per cent on-year to 302.8 million units in the third quarter of 2023, what bearing will this have on Qualcomm Technologies’ business?  Meanwhile, Qualcomm Technologies said in May that it is transitioning from a communications company to an “intelligent edge computing” firm. But to what extent has that got to do with the rise in Generative AI?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Ehsanul Islam, VP Engineering & Regional Head of Qualcomm Technologies SEA.

For the eighth (and possibly the last time) Lionel Messi won the Ballon d’Or award - pipping competition from Manchester City’s treble-winners, namely one Erling Haaland. An inevitable result after he inspired Argentina to their first World Cup since 1986, or a complete farce - overlooking merit - to give one of the football's greatest players a(nother) fairytale farewell? Elliott and Raushan are at odds on this one! Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

In the ever-evolving fashion world, diversity and inclusivity have become essential values that brands embrace to meet the changing demands of consumers. But what about adaptive fashion that is suitable for individuals with physical or sensory disabilities who may have difficulty dressing or wearing standard clothing? Claudia Poh, founder of Werable is on a mission to make clothes to empower stroke survivors and those with limited mobility.

Singapore shares opened higher today, tracking overnight gains in the US and Europe. In early trade, the Straits Times Index (STI) headed up 0.6 per cent to 3,083.78 points after 66.1 million securities changed hands in the broader market. In terms of companies to watch today, we have Samudera Shipping Line, after the carrier said yesterday revenue and earnings for the third quarter ended September “recorded a contraction” compared with the year-ago period.  Meanwhile, from more on the Bank of Japan’s latest monetary policy decision to the impact of the boom in weight-loss drugs on the shares of US fast food companies, more international headlines remain in focus. Not to mention, expectations on the upcoming Federal Reserve interest rate decision and the risk of global economies decoupling from the King Dollar. On Market View, The Evening Runway’s finance presenter Chua Tian Tian sat down with Jeremy Tan, Chief Executive Officer (CEO) of Tiger Fund Management for more.

“Uncertainty is like kryptonite for supply chains” warned the Retail Industry Leaders Association, underlining that the repercussions of supply chain disruptions are no longer just theoretical. And as supply chains move towards customised and sustainable solutions, Quincus has unveiled a comprehensive guide into the supply chain and logistics trends anticipated in the APAC region as we head in 2024.  Katherina Lacey, Chief Product Officer & Co-Founder, Quincus tells us more about the key highlights from the advisory. 

Spaghetti, macaroni, fettuccine and linguine and you get it.  Pasta is a favourite when it comes to dinner choices but did you know that the global pasta market is actually worth some US$45 billion in 2022?  In fact, Fortune Business Insights projects the figure to reach US$68.97 billion by 2030, representing a compound annual growth rate of 5.26% during the forecast period of 2023 to 2030.  But how does a pasta manufacturer work, and what are the intricacies when it comes to operating a company that is reliant on commodities such as wheat?  Well, let’s pose these questions to our guest for today. Established in 1877, Barilla is an Italian family-owned food company that is now present in over 100 countries.  The firm is a world leader in the markets of pasta and ready-to-use sauces in continental Europe and is widely recognised as a symbol of Italian know-how.  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Federico Vescovi, Asia Pacific President, Barilla.