Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares started trading in positive territory today largely mirroring global markets. In early trade, the Straits Times Index (STI) was up 0.4 per cent at 3,220.16 points after 109 million securities changed hands across the broader market.  In terms of companies to watch today, we have Singapore Airlines, after news emerged that Temasek is selling around S$400 million worth of shares, or a 1.85 per cent stake, in the national carrier as a portfolio rebalancing act.  Meanwhile, from Nike’s earnings to SHEIN denying a US lPO more companies continue to be in focus. Also on our agenda today, China’s latest manufacturing activity contracted for a third straight month in June amid weak demand.  On Market View, the Drive Time team unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.

Today we’re going to talk to a company that hires over 105,000 employees around the world.  With over 130 years of history, ABB is a Switzerland-based technology leader in electrification and automation to drive industrial transformation and enable a more sustainable and resource efficient future.  The firm serves a wider range of clients from industries ranging from automotive, mining, marine, metals, life sciences, power generation, process automation to even pulp and paper and railway.  But how does it define the market it is in, and position itself differently for the different verticals or customer segments?  Also – what is in its order book for this year as far as Singapore is concerned? ABB, meanwhile, is investing US$1 million (check currency) to open a Digital Solutions and Training Centre in Singapore to train its staff to implement and operate digital solutions for electric systems. But what can we expect looking ahead? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Jerrica Chooi, Country Holding Officer at ABB.

The discussion on the transfer market frenzy continues, with a host of clubs in the hunt for fresh blood. Who holds the trump card in these negotiations - the selling club, the buying club, the owners, the managers or the players themselves? Listen in as we hear from Fabrizio Romano, Eniola Aluko & Dharmesh Sheth on the latest transfer stories dominating the headlines. Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Quiet hiring, where employers make existing employees do tasks outside their regular job scope, is increasing in Singapore. This removes the need to go through the long process of bringing in new talent for that task. However, employers must not exploit the workers who take this initiative and recognize the merits of their hard work. We speak to Dr. Aaron Ng, Assistant Professor, Singapore Institute of Technology more about this.

Singapore shares started trading in positive territory today, tracking gains in the US and Europe. In early trade, the Straits Times Index was up 0.5 per cent at 3,220.76 points after 51.3 million securities changed hands across the broader market. In terms of companies to watch, we have Catalist-listed Don Agro International. The Russia-based agricultural company has proposed to sell its crop and milk production business –for 6.2 billion roubles or around S$113 million. Meanwhile, from UBS preparing to cut over half of Credit Suisse’s 45,000-strong workforce to SIA’s remuneration for its chief executive and its dividends for shareholders, corporate headlines continue to be in focus. On Market View, the Drive Time team unpacked these developments with Robert St Clair, Managing Director and Strategist, Fullerton Fund Management.

From Umno pressing for Malaysia's former prime minister Najib Razak's release to Thailand’s newly elected parliament meeting on July 03 but who will be their new prime minister?  We speak to Nicholas Fang, Managing Director, Black Dot and Director for Security and Global Affairs, Singapore Institute of International Affairs more about these headlines.

In the latest "World Robotics" report it has been revealed that the use of new industrial robots is at an all-time high. Digital transformation in forms such as this looks to help the manufacturing industry be more sustainable and efficient and implementing this technology will be crucial for the future growth of businesses in this sector. We speak to Marcelo Tarkieltaub, Southeast Asia’s Regional Director, Rockwell Automation more about this.

What is the first thing you would do once you get to the airport?  Well, if you’re like me, you might make a beeline to some of the fast food outlets or traditional kopi kiosks to grab a quick bite or your daily dose of caffeine.  On that note, did you know that the franchise branded stores for Subway and Killiney across all four airport terminals in Singapore, as well as at The Jewel are all managed under one company?  With a heritage dating back to 1986 with the opening of the first terminals at the Changi Airport, Palms Food International is one of the earliest established airport F&B operators in Singapore.  But why is the company focused solely on the airport? And how has that changed since Palms Food International was acquired by RMA Group in 2012? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian spoke with Avon Lau, General Manager, PALMS Food International for more.

Singapore shares started trading in positive territory today This contrasts with global markets, which closed lower amid uncertainty about ongoing events in Russia. The Straits Times Index (STI) was up by 0.3 per cent at 3,199.63 points in early trade as 82.7 million securities changed hands in the broader market.  In terms of companies to watch for today, we have  Yangzijiang Shipbuilding, after it said yesterday that it obtained a contract from Maersk to build six methanol dual-fuel container ships for delivery between 2026 and 2027.  The shipbuilder also said in a separate bourse filing that the new orders to date are worth around US$5.6 billion, exceeding its US$3 billion target for 2023.  Meanwhile, from Indian billionaire Gautam Adani’s confidence in his conglomerate’s governance and disclosure standards to Baidu claiming its Ernie Bot now beats ChatGPT on key measures, corporate headlines continue to be in focus. On Market View, the Drive Time team unpacked these developments with Oriano Lizza, Sales Trader, CMC Markets.

The transfer madness is in full swing with the likes of Harry Kane, Mason Mount & Declan Rice dominating the headlines for eye-catching prices. What determines the value of these players, and how has inflation 'messed with the market'? James Walton, Sports Business Leader for Deloitte Singapore and Southeast Asia joins us to make sense of the numbers, or at least try to! Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg