Money Matters with Hongbin Jeong and Chua Tian Tian

Making healthcare more accessible, effective and less invasive. That’s the ambition of our guest for today, Castomize.  Spun off from the Singapore University of Technology and Design in late 2022, the firm aims to do so through the use of medical devices made with advanced manufacturing techniques.  It has since launched its first device, a series of 4D-printed orthopaedic casts which are more comfortable and convenient for patients. The casts are also easier for doctors to apply and remove, and require less resources for hospitals to deploy.  The casts have won awards at multiple startup events including the K-Startup Grand Challenge. As a firm, Castomize was also selected as the first startup in incubator VentureBlick’s super incubator programme.  It is also working with other incubators and accelerators such as Shinhan Square Bridge Incheon, Singapore Management University’s Business Innovations Generator, the Temasek Launchpad and the SUTD.  But what is the strategic value of working with these players and how does the Castomize envision its growth trajectory to be like?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Abel Teo, CEO, Castomize.

From Chinese and Philippine vessels colliding on contested waters to the agenda behind Chinese President Xi Jinping's two day visit to Vietnam starting today. We have on the line Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs gives us an analysis of those headlines and more. 

Our next guest has one of the most fascinating career progressions one could ever come across. From being an ASEAN scholar at Raffles Junior College to a surgeon, investment banker, c-suite at a large healthcare group and now a start-up founder with MiyaHeath.  His motivation to start his own company was because of his experience of losing a loved one, which made him realise the apparent gaps in our healthcare system. Dr Ramesh Rajentheran, CEO & Co-Founder, MiyaHealth shares his story with us. 

Today we’re going to talk about a company that helps organisations create a personalised, measurable and scalable coaching programme for the entire workforce regardless of department and seniority level.  Founded in 2018, CoachHub is a leading global talent development platform with over 3,500 certified business coaches in 90 countries.  The firm provides sessions in over 60 languages and serves over 1,000 clients around the world. They include some of the biggest names including Coca-Cola, Toyota, LVMH, L’Oreal and Twitter.  It says coaching helps firms reap benefits from increased employee engagement, higher levels of productivity, improved job performance and increased retention. And it seems like the market for coaching is a lucrative one. According to a 2020 International Coaching Federation (ICF) study undertaken by PwC, the estimated global total revenue from coaching in 2019 was US$2.849 billion, representing a 21% increase over the 2015 estimate.  But what are the drivers of growth in the industry and what do they mean for CoachHub?  Meanwhile, CoachHub raised US$200 million in Series C funding in a round led by Sofina and Softbank Fund Vision 2 in June last year. The company said then that it wants to use the money to expand its footprint within the APAC region, particularly in Singapore.  But what is the strategic value brought about by this group of investors, and how far has CoachHub’s plans to expand within Asia been realised, one year down the road? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Jimmy Li, VP for APAC, CoachHub.

Singapore stocks were pulled into positive territory today. That’s amid overnight gains on Wall Street, with the Nasdaq ending sharply higher, supported by heavy-weight tech stocks. In early trade, the Straits Times Index (STI) added 0.5 per cent to 3,090.02 points after 104.8 million securities changed hands in the broader market. In terms of companies to watch today, we have Vertex SPAC. The first special-purpose acquisition company of Singapore begins trading as 17Live Group today upon the completion of its business combination.  Elsewhere from Japan’s economy falling faster than initially expected  in the third quarter, to Google’s latest AI model for consumers, and expectations for November’s US non-farm payrolls, 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.

The Australian wine industry is one of the world's largest exporters of wine. Australia has exported 625 million litres of wine in 2021 and 2022, and its valued at $2.1 billion. And now one of the world's largest wine companies, Treasury Premium Brands has earmarked Australian heritage winery Wynns Coonawarra Estate to be its next luxury brand.  Kjetil Undhjem, Chief Marketing Officer, Treasury Premium Brands shares how his company plans to turn the 70 year old winery to the next luxury brand. 

Artificial intelligence is already having a major impact on many industries around the world, and it is only going to become more important in the future. In fact, the global robot software market is estimated to generate $47.24 billion by 2030. But how will 'no-code' robotics continue to push the boundaries of automation and AI? Daryl Lim, Co-Founder of Augmentus explains.  Augmentus has recently announced the successful completion of its USD 5M Series A round led by Sierra Ventures to revolutionize industrial robotics with its patented no-code and vision-based system.

Singapore's largest taxi operator ComfortDelGro has announced that it will increase its cab fares to help cabbies defray higher operating costs. The last time this was done was back in March 2022. A new peak hour surcharge will also be implemented from 10am to 1.59pm on Saturdays, Sundays and public holidays. But is there a real need for them to do so again?  Walter Theseira, Associate Professor, Economics & Head, Master of Management (Urban Transportation) Programme, Singapore University of Social Sciences shares his views. 

Messaging tools are much needed not just between individuals like you and me, but also between banks and financial institutions to support global and local financial flows, as well as trade and commerce all around the world.  Founded in 1973, our guest Swift is a global member-owned cooperative and also the world’s leading provider of financial messaging services.  While it does not hold funds or manage accounts on behalf of customers, Swift enables its community of users to communicate securely and exchange standardised financial messages in a reliable way.  So far, its platform, products and services connect over 11,500 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories.  The cooperative reported that close to 90% (89%) of cross-border transactions processed on its network reached recipient banks within an hour, ahead of speed targets set out by the Financial Stability Board. How is that achieved and what does it mean for Swift looking ahead?  Meanwhile, Swift also developed a Central Bank Digital Currency solution that interlinks CBDC networks and existing payment systems for cross-border transactions. But what wider implications will this have on the financial industry? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Sharon Toh, Head of ASEAN Region, Swift.

Health systems around the world are facing persisting and growing challenges, including an ageing population, health inequity, and workforce shortages. As the recent pandemic further widens the healthcare workforce gap, can digital tech plug the shortfall of workforce in the healthcare industry? To unpack the findings from the Philips Future Health Index 2023 is Ivy Lai, Country Manager, Philips Singapore.