Money Matters with Hongbin Jeong and Chua Tian Tian

Chat GPT, Generative AI and the money behind them! That’s what we’re going to talk about on the segment today. Our guest for today is from Microsoft, which has invested over US$10 billion in ChatGPT maker Open AI.  The company also launched earlier this month new versions of its Bing internet search engine and Edge browser powered by the newest technology from OpenAI.  At the launch, Microsoft had said that every percentage point of market share it gains in the search advertising market could bring in another US$2 billion of ad revenue.  But much of a share is the company aiming for? Also - what is the financial value of such Generative AI solutions at scale for businesses and how would that shake up the tech industry? How much of a first mover advantage can Microsoft gain as other tech giants play catch up? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Richard Koh, Chief Technology Officer & Customer Success Lead, Microsoft Singapore for more. 

Singapore shares edged down today following losses in the US and Europe.  The Straits Times Index dropped 0.1 per cent to 3,303.11 points in early trade after 63.9 million securities changed hands.  In terms of companies to watch for today, we have Wilmar International, which posted an 8.6 per cent year-on-year rise in net profit to US$1.2 billion for its second half ended December.  And more good news from SIA as well. The carrier posted record operating profits for its third quarter ended December, rising 11.4 per cent on-quarter to S$755 million. On Market View, the Drive Time team unpacked the key market movements for the day with Dr Robin Han, Portfolio Manager, Phillip Securities.

We discuss one's willingness to suffer as a sports fan and how much benefit of the doubt do you give your club manager. 

At Budget 2023, Deputy Prime Minister and Finance Minister Lawrence Wong announced more support measures and payout to help households, workers and businesses deal with inflation in his speech.  But how will these additional support measures impact Singapore’s red hot property market?  Christine Sun, Senior Vice President of Research & Analytics, OrangeTee & Tie.  shares her views. 

Ever wondered which are the companies who give startups their first investment cheque? Well, our guest for today Quest Ventures is one such company.  The Venture Capital firm, which was founded in 2011, is a leading venture capital firm in areas such as artificial intelligence, e-commerce and marketplaces, entertainment, finance and even food. It’s also invested in a number of well-known companies such as 99.co, Carousell, Shopback and Hepmil.  But what exactly does the company look out for when it comes to investing? How does it assess the business environment it lies in, and what are some of its recent investments?  On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with James Tan, Managing Partner, Quest Ventures for more. 

Singapore might be a food capital but feeding the country is no easy task when 90 percent of our food is imported. So how can agri food tech solutions offer a route to ease the problem of food security while also addressing a host of other sustainability-related issues?  Phil Ceulen, Co-founder & Partner, Mandalay shares his thoughts on how tech might just be the solution. 

From what to expect from Malaysia’s Prime Minister Anwar Ibrahim first Budget speech on Friday to the EU imposing new sanctions on military-ruled Myanmar. Dr. Felix Tan, Political Observer, Nanyang Technological University gives us an analysis of those headlines and more. 

Singapore stocks opened nearly flat today following gains in the European market.   The Straits Times Index fell 0.04 per cent to 3,307.59 points in early trade after 87.2 million securities changed hands.  In terms of companies developments to watch today, integrated resort operator Genting Singapore’s net profit for its second half-year ended December more than doubled from the year-ago period to S$255.7 million Similarly, Sembcorp Industries posted a 54 per cent on-year increase for its H2 net profit ended December, as a result of  higher contributions from its renewables and conventional energy segments. On Market View, the Drive Time team broke down key market developments with  Shekhar Jaiswal, Head of Equities Research, RHB Singapore.

We speak to ST sports reporter Deepanraj Ganesan about how sons of famous Singapore footballers are coping with living up to their father’s legacy

More businesses are adopting a four-day work week to provide a better employee experience. But such an arrangement is not for everyone, and especially as the job security in the tech industry continues to dilute, the workforce can become increasingly skeptical around the success of this arrangement. Janet Ravin, VP, Global Communications, Culture, and Experience, Rimini Street shares more on how her company's four day workweek program and the mindset shift that is needed to make such a program a success.