Let's Talk, Singapore

Asian Insider Ep 29: On the brink of recession thanks to the coronavirus

16:23 mins

Synopsis: This is Asian Insider, a series by The Straits Times every week. Together with our stable of 30 correspondents based around the world, we give an Asian perspective on the global talking points of the week.

The Straits Times US bureau chief Nirmal Ghosh hosts two special guests as they discuss the United States' coronavirus response and what it means for Asia.

Dr Saad B. Omer is the director of the Yale Institute for Global Health. Dr Danny Quah is dean, Lee Kuan Yew School of Public Policy, and Li Ka Shing professor in economics.

ST's correspondents across the region also chime in, on the latest status of the fight against the coronavirus.

Produced by: Nirmal Ghosh & Zia-ul Raushan

Edited by: Chong Lii

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Sani Hamid, Director of Wealth Management, Financial Alliance discusses if investors should take the chance to liquidate with markets rebounding or ride out the volatility.

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In a recent announcement by Senior Minister of State for Health, Edwin Tong, sugary drinks will have colour-coded labels from A to D depending on how much sugar they contain by the end of next year. Matthew Kovac, Executive Director, Food Industry Asia breaks down how this new implementation can help consumers make a healthier choice and if this implementation will affect beverage manufacturers. 

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The Blue Ginger was born out of the Teo family's shared passion for Peranakan fare and the convivial dining culture it represents. Teo Shi Kai, Director, The Blue Ginger shares with us on how Peranakan food is unique, how is it like working in his family business and how COVID-19 has impacted his business. 

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Brendan Sobie, analyst & founder, Sobie Aviation shares how this is the worst shape he's seen the industry covering it for over 2 decades, the urgency for rescue packages if not some airlines may go bankrupt in a matter of weeks, and the pressure SIA is under with high fuel hedges amid low oil prices.

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Raymond Soh, Director, TC Import & Export talks to us about the Malaysia lockdown, his solution for such a short notice announcement and how Food Gen 2 community is helping one another in this crucial times. 

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Raffles Health Insurance, a fully-owned subsidiary of Raffles Medical Group, is venturing into the IP space (IP) for the first time with their launch of Raffles Shield. It is the seventh private integrated shield plan to be launched in Singapore. Dr Morrison Loh, Clinical Director, Raffles Health Insurance breaks down the important questions to ask when signing up for an IP and how different is Raffles Shield from other IPs.

 

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Launched in 2013, Pomelo is a modern fashion brand that is still standing strong amidst the retail apocalypse, opening 10 new stores across Thailand and Singapore in 2019, with further plans to expand across Southeast Asia. Anders Heikenfeldt, Chief Retail Officer, Pomelo shares the reason for Pomelo's strategies, his vision for the company and their expansion plans. 

 

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Selena Ling, Chief Economist, OCBC Bank shares her outlook for Singapore's economy in view of Malaysia's restrictions affecting movement of workers, and whether there is enough urgency for the Monetary Authority of Singapore to make an off-cycle policy move.

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Sustainable consumption of seafood is the only way to reverse this decline and prevent the predicted collapse of fish stocks within our lifetime. Marine Stewards Singapore is a marine conservation organisation, which is set up to promote a healthy fishing culture through sustainable fishing guidelines. Sue Ye, Founder of Marine Stewards Singapore shares about more on Singapore's sustainability efforts within the fishing community.

 

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