Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares opened markedly lower today, tracking overnight losses on Wall Street and Europe. The Straits Times Index shed 0.7 per cent to 3,260.77 points in early trade after 59.3 million securities changed hands in the broader market. In terms of companies to watch, we have for you Keppel Corporation, after the group said it will undergo a reorganisation. that will remove its conglomerate structure in favour of one which comprises fund management, investment and operating platforms.  Meanwhile, investors continue to keep their eyes peeled on the US Federal Reserve’s latest policy meeting.  The technology sector is also in focus with the chief executives of Alphabet’s Google and Microsoft, Open AI and Anthropic set to meet Vice President Kamala Harris and top administration officials to discuss key issues surrounding artificial intelligence. On Market View, the Drive Time team unpacked some of these developments on the show today.

With 75-year old Roy Hodgson making a big impression since being re-appointed at Crystal Palace, and 68-year old Sam Allardyce rumoured to be in line for a shock return to Premier League management - Elliott and Raushan ponder if age matters at all for football managers. What do you think? Got a story to tell? Get in touch with us! edanker@sph.com.sg raushan@sph.com.sg

Escape indoors into Raffles City and cool down with Spanish painter Sergi Cadenas’ first overseas exhibition since the onset of the pandemic! Taking centre stage are his signature masterpieces on which Sergi has made his name; kinetic optical portraits that unveil two different faces in one painting when seen from different angles. Sergi Cadenas, Artist, Represented by Singapore art gallery - Ode To Art tells us more on what to expect from his first overseas exhibition. 

From Malaysian Prime Minister Anwar Ibrahim acknowledging that there are parties plotting to topple his administration and the EU and US warning Malaysia of security risk in Huawei's bid for 5G role.  Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs gives us an analysis of those headlines. 

Whether you’re heading out for work or leisure, ride hailing has become one of the most common modes of transportation these days.  Besides tech giants Grab and Gojek, we want to talk about a newer player on the block that has been gaining prominence in Southeast Asia - TADA.  Launched in Singapore in 2018, TADA is the world’s first blockchain-based zero-commission ride hailing application, where its key mobility data such as transactions, movements, and the maintenance of people and vehicles are recorded in a single Mass Vehicle Ledge or MVL ecosystem.   The company further expanded into Cambodia in the same year, before setting foot into Ho Chi Minh City in Vietnam. But how does the company’s blockchain based application help it differentiate itself against major incumbents in the ride hailing industry? More recently, TADA has entered into a strategic partnership with foodpanda to introduce new user benefits for customers in Asia, starting with Singapore and Cambodia. What does this partnership mean for TADA as it positions itself for future growth?  On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down  with Jonathan Chua, Regional General Manager, TADA Mobility (Singapore) for more. 

Korea is known for its efficient and fast delivery food service. You can order anything from chicken wings and burgers to rice noodles and kimchi jjigae. On K-food today - I’ll tell you all the top foods South Koreans order on these delivery apps - so the next time you’re in South Korea, and you don’t want to leave your hotel room or your airbnb- you can just order like the Koreans.

Aged 52, Phua Min Tze is Team Singapore’s most senior female athlete at the 2023 SEA Games in Cambodia - two decades since she first represented the flag. Proving that age is certainly no barrier, Min Tze tells Elliott and Raushan about her journey and juggling act - between being the head of investment & asset management and a part of the national indoor hockey team. READ MORE: https://www.straitstimes.com/sport/first-sea-games-in-two-decades-for-52-year-old-indoor-hockey-player Got a story to tell? Get in touch with us! edanker@sph.com.sg raushan@sph.com.sg

Singapore shares rose this morning after the Labour Day holiday, mirroring gains in Europe. In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,287.75 points after 56.2 million securities changed hands in the broader market.  In terms of companies to watch today, DBS, after the lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended March, on higher interest rates, sustained business momentum and resilient asset quality.  Elsewhere, investors continue to digest the takeover of First Republic Bank by JP Morgan Chase as they remain laser focused on the Federal Reserve’s interest rate decision due mid-week.  On Market View, the Drive Time team sat down with Matthias Chan, Head of Research at SAC Capital for more. 

Startup investing is potentially lucrative, but it is important to understand that it comes with big risks. Seedstars is an investment holding on a mission to impact people’s lives in emerging markets through technology and entrepreneurship. Alisee de Tonnac, CEO, Seedstars shares more about her company and the progress in the startup ecosystem within the region. 

Singapore Academy of Law has recently launched a free guide that can help businesses facing financial distress more effectively adopt a cheaper and quicker debt restructuring tool known as an out-of-court workout. Sim Kwan Kiat, Head, Restructuring and Insolvency Practice, Rajah & Tann Singapore LLP shares more about the guide and how out-of-court workout might be better than the other tools available.