Your Way Home with Hongbin Jeong

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. 

With a reputation as one of Singapore's greatest strikers and two AFF Championships under his belt in 2004 and 2007, it's safe to say Noh Alam Shah knows a thing or two about local football. And the former Lion, now team manager with Tanjong Pagar United, was at his effervescent best as Elliott and Raushan discuss the Football Association of Singapore's findings of its SEA Games review. READ MORE: https://www.straitstimes.com/sport/football/fas-to-work-on-10-areas-for-sea-games-teams-after-review-pledges-to-build-a-better-future Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Singapore stocks were higher at the open, following cautious sentiment in Wall Street as investors await critical inflation data out of the US. In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,160.10 points after 38.5 million securities changed hands in the broader market. In terms of companies to watch for today, we haveDBS, after the bank agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to private equity firm Tower Capital Asia. Elsewhere, from China signalling more economic support measures to inflation forecasts for Asean +3 and the US and nuclear stocks jumping in South Korea, we’ve got more international headlines for you. On Market View, the Drive Time team unpacked these developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management. 

60 percent of Singapore’s reef area has been lost to land reclamation. The Nature Conservancy (TNC) is a global conservation organisation dedicated to resolving issues such as the loss of coral reefs. It is establishing partnerships with organizations for funding and research to achieve this goal. We speak to Thomas Brzostowski, Singapore Country Director, The Nature Conservancy more about this.

Our guest for today is no stranger to Singaporeans. Founded in 1974, Temasek is a global investment company with 12 offices across eight countries.  The state investor has a long term horizon, where activities are guided by their views on long-term structural trends. It mostly invests in equities though it does not set limits for geographies, sectors or asset classes.  The firm released its latest annual review for FY 2023 today, where its net portfolio value dropped to S$382 billion from the S$403 billion seen in 2022.  Meanwhile, its 1-year total shareholder return was at negative 5% due to a fall in the valuation of public and private equities, though its 10-year and 20 year total shareholder returns remained robust at 6% and 9% respectively. So how does Temasek read into its latest performance? What is its current portfolio construction strategy and outlook for Singapore companies? Also – what is Temasek’s view on the crypto sector and new growth investments after its investment in FTX? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down withPng Chin Yee, Chief Financial Officer, Temasekfor more.

In this turbulent economy, in order to combat cyber threats, there must be solid communication and trust in the digital workspace, whether within the company or with partners. This is at the forefront of importance for Tanium, a company that provides a powerful and flexible platform to secure endpoint devices. We speak to Dan Streetman, Global Chief Executive Officer, Tanium more about this.

US Treasury Secretary Janet Yellen has concluded her four day visit in China on Sunday. However, press releases do not indicate any substantive outcomes from this visit with both sides refusing to waver from their terms. China looks to take on the role of mediator in the Russia-Ukraine War to cement its role on the international stage. Finally, China and the Solomon Islands have announced a comprehensive strategic partnership. What implications could this have? We speak to Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs more about these headlines.

Speaking exclusively to Sports Minutes, Australian International and former Sunderland defender Bailey Wright tells us why he swapped Sunderland for Singapore, his aims & ambitions with the Lion City Sailors and playing at the 2022 Qatar World Cup.  Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Singapore shares opened stronger after global markets closed mixed on Friday. In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,141.17 points after 75.2 million securities changed hands in the broader market.  In terms of companies to watch for today, we have Dasin Retail Trust. Its trustee-manager reported today a net loss of S$221.5 million for the second half ended December 2022, widening from the net loss of S$51.8 million seen in the same period a year prior to that. Meanwhile, from China ending its long-running crackdown on the technology sector to the US non-farm payroll numbers, more international headlines continue to be in focus.  On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.

Should treatment for rebound COVID-19 patients be different from those who contracted it for the first time? How does Oral Antiviral drug Paxlovid work? Lastly, should we be afraid of a return of the COVID-19 endemic? We answer these questions with Dr Lee Tau Hong, Infectious Disease Specialist, Mount Elizabeth Medical Centre.