Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore stocks opened weaker today, following overnight losses on Wall Street and Europe. In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,182.7 points after about 51.9 million securities changed hands in the broader market.  In terms of companies to watch today, we have the mainboard-listed Creative Technology, after it announced a tie-up with Chinese electronics company Skyworth.  Elsewhere from Delivery Hero in talks to sell its foodpanda business in Singapore and six other Southeast Asian markets to a look at major central bank’s latest rate decisions, more corporate and 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.

2023 in particular has been the year of generative AI, and new developments have both impressed and alarmed people all around the world.  However, fear seems to be the winning sentiment in the current business landscape, even AI experts and industry executives are calling for an “AI-pause” in developing more powerful systems. So how can a company like Aboitiz Data Innovation achieving harmony between operationalisation and innovation of AI and data?  David R. Hardoon, Chief Executive Officer, Aboitiz Data Innovation shares more. 

Today we’re going to talk about a company that supplies steel pipes, tie rods, as well as crane rails for waterfront, underground and even rail projects.  Founded in 2011, Mlion Corporation is a foundation solutions company that focuses on port and waterfront developments, civil excavation and power generation related infrastructure in Asia.   It also adds value to the supply chain by providing downstream services such as warehousing, storage and logistics to access local markets.  Think of the landmark Apple Store at Marina Bay Sands Waterfront, the T235 Viaduct and Tunnels for the RTS Link to Johor Bahru, and the Thomson East Coast Line. These are all projects that Mlion had taken part in previously.  And with offices in Singapore, China, Indonesia, Malaysia, Philippines, Taiwan, Thailand and Timor Leste, which is the biggest market for Mlion financially?  Meanwhile, steel prices have plunged as more Chinese producer export the commodity. So what does this mean for Mlion in terms of the cost and selling price of its products? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Eric Leong, Chairman & CEO, Mlion Corporation to share more about the business with us. 

Another day, another defeat. Manchester United's difficult start to the season continued, as they suffered a THIRD consecutive defeat - this time in the UEFA Champions League away to Bayern Munich. But beyond the losses and goals conceded, it's the worrying lack of identity that has dominated the headlines. We discuss and dissect the state of affairs in the company of Deepanraj Ganesan, sports reporter with The Straits Times. Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

In this special edition of The Evening Runway, guest co-hosts May and Choy Wan discuss their life post MTV days in the corporate sector plus juggling motherhood and a thriving career. 

And as we approach the last quarter of 2023, where are Singaporean travellers looking at going? How important is a good 'deal' for us?  Lavinia Rajaram, Travel Expert, Asia Public Relations Director, Expedia Group shares with us more on Expedia's Q4 travel forecast and Singaporean’s travel shopping preferences as we approach the year end period.  

More than 150 world leaders are gathered in New York as the 78th Session of the UN General Assembly kicks off this week. The spotlight is on Ukraine yet again, but is there room for other global priorities at UN leaders’ gathering? Meanwhile, British Prime Minister Rishi Sunak has been criticised for announcing plans to roll back on climate change commitments on the same day world leaders met at a UN climate summit. We weigh in on these developments with Professor Cedomir Nestorovic, Professor of Geopolitics, ESSEC Business School, Asia-Pacific.

Over the past 20 years, female entrepreneurship has grown by 114 percent worldwide with plenty of famous female entrepreneurs emerging. Despite this progress, we have barely scratched the surface of equal opportunities for all genders in the business world.  And to empower more women entrepreneurs, Exabytes has recently launched the third edition of their Accelerate Women Entrepreneurship with Exabytes (AWEWE).  Michelle Yap, Assistant Vice President for Marketing, Exabytes shares more about the AWEWE and what to expect in next year's edition. 

Singapore shares dipped today, tracking overnight losses on Wall Street. In early trade, the Straits Times Index (STI) fell 0.4 per cent to 3,228.96 points after 28.6 million securities changed hands in the broader market. In terms of companies to watch, we have for you Singapore Exchange, after its regulatory arm has launched a public consultation on proposed amendments to its Futures Trading Rules and other rulebooks.  Elsewhere, from where US officials see interest rates moving for the rest of the year and into the next, to Amazon scrapping a planned merchant fee, more international and corporate headlines remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the major developments of the day.

Let us put on our lab coats and head over to the chemistry lab today! That’s probably what you may have heard years ago as a student. Why am I bringing this up? Well, I’m bringing this up because our guest for today is New York Stock Exchange-listed Waters Corporation, or a global leader that makes analytical instruments and software used in scientific laboratories.   Founded in 1958, Water Corporation serves a wide range of customers including those from the pharmaceutical, food and environment sciences as well as design and development industries. Its instruments and software ensure the safety of the medicines we take, the purity of the food and water we consume, and the quality and durability of products we use every day.  Waters Corporation has over 8,200 employees worldwide, and operations in over 35 countries. But what is its scale within Singapore, and how does it assess its growth in the coming years?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian found out more about Waters Corporation’s diverse business lines from David Curtin, Vice President Asia Pacific, Waters Corporation.