Money Matters with Hongbin Jeong and Chua Tian Tian

With Christian Pulisic in the news after sealing a move from Chelsea to AC Milan, we're wondering if footballers from America will ever be great? Well, the female footballers will certainly make a case for it when the 2023 FIFA Women's World Cup gets underway next week, and Team America eyes their 5th successive title triumph! Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Wellness drinks are one of the biggest beverage trends in the last few years, and we do not expect this craze to budge in the coming years. From coconut water and juice cleanses to kombuchas and kefirs, wellness is infiltrating our diets, menus, and office coffee machine conversations.  But what does ‘wellness’ actually mean for a beverage? And how can we mix wellness drinks into our favourite alcohol beverage?  Victoire Desvigne, General Manager Asia, Fever-Tree shares more with us.

Are you ready for it? Taylor Swift | The Eras Tour is Coming to Singapore and Klook is the official experience partner. The partnership marks a noteworthy milestone as Singapore will be the only Southeast Asian destination for this highly anticipated tour. Music tourism as a culture is growing and yet it’s often overlooked as a powerful vertical in the larger tourism sector. We find out how Singapore is establishing itself as the events and entertainment capital of Asia with Sarah Wan, General Manager for Indonesia, Malaysia, and Singapore, Klook.

Mining for minerals used in farming, infrastructure and even in electric vehicles. That’s what we’re going to talk about on the segment today, with the world’s largest mining company BHP.  Founded in 1885, BHP is a leading resources company headquartered in Melbourne, with about 80,000 employees and contractors across 90 locations worldwide.  It produces essential commodities through its assets such as open-cut and underground mines, as well as gas production and processing facilities. The minerals include copper for renewable energy, nickel for electric vehicles, iron ore, as well as coal used to make steel.  But how does it operate exactly? What is demand like for the different types of minerals at this point in time?  And with China’s leading steelmakers warning of a challenging second half amid sluggish economic recovery – what will this mean for BHP’s iron and coal mining business? Meanwhile, BHP earlier announced plans to decarbonise its mining operations to achieve net-zero by 2050, but how does it balance financial viability and environmental goals? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Vandita Pant, Chief Commercial Officer, BHP for more.

Daniel Ricciardo is making a surprising return to Formula 1 and will drive for Red Bull's sister team Alpha Tauri for the rest of the season. The 34-year-old Australian, who was released by McLaren last year, will race at the Hungarian Grand Prix on 23 July. He replaces Nyck de Vries, who has been dropped after only 10 races. Matthew Marsh, F1 analyst and former racing driver, sheds light on what this means for Ricciardo, and the rest of the grid. Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Singapore shares started the day on a softer note despite overnight gains on the global market. In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,159.74 points after 63.7 million securities changed hands in the broader market. In terms of companies to watch for today, we haveUOL Group and Singapore Land Group.  This comes as the Housing and Development Board announced the award of a mixed-use land parcel in Tampines to a joint venture between a UOL-Singapore Land consortium and CapitaLand Development.  Elsewhere, from Fast Retailing’s earnings being a bellwether of China’s retail industry to Huawei plotting a return to the 5G smartphone industry and to Japan’s wholesale inflation slowing for the 6th straight month, more international headlines continue to be in focus. On Market View, the Drive Time team unpacked these developments with Sarah Lien, Senior Product Specialist,  Allianz Global Investors. 

The importance of mental well-being remains pertinent to all individuals in Singapore. Geneco has launched a campaign to raise awareness about Singapore’s abundant green spaces and their positive impact on mental wellness. Alex Chan, Head of Brand, Communications and Marketing, Geneco shares with us more on Geneco's efforts on this front and the company's unconventional move to engage Daryl Aiden Yow. 

According to GlobalData, enterprises in ASEAN have accelerated their cloud adoption initiatives and as a result, superclouds have seen a rise in popularity. But how fast is the rise of supercloud in our own region?   Perry Krug, Head of Developer Experience, Couchbase gives us an overview of supercloud adoption in the Southeast Asian region and where Singapore is at in this front. 

From the relevance of former Malaysian PM Dr Mahathir Mohammad in the country’s political scene and the latest from Asean Foreign Ministers’ Meeting (AMM).  Nicholas Fang, Managing Director, Black Dot and Director for Security and Global Affairs, Singapore Institute of International Affairs gives us an analysis of those headline and more. 

We told you about the wholesale banking landscape in our conversation with ANEXT Bank a couple of months back. Now this time, we’re going to turn our attention to look at the digital retail banking sector.  Our guest for today is Trust Bank, which is the digital bank backed by Standard Chartered and FairPrice Group.  The bank had breached the S$1 billion mark in deposits in early May, with over 500,000 customers signing up, with over 70 per cent of customers coming through referrals.  Meanwhile, the company also set a goal to become the fourth largest retail bank in Singapore by customer numbers by the end of next year. It also intends to breakeven by 2025. Question is – how does it intend to do so with a focus on the mass market and how will it reduce its customer acquisition costs along the way? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down withDwaipayan Sadhu, CEO, Trust Bankfor more.