Reset with Lynlee

Elon Musk seems to have changed his mind about buying Twitter. He’s now willing to proceed with his takeover at the original price $54.20 a share. But the plan now is also contingent on him lining up the necessary debt financing. And that means, major banks led by Morgan Stanley could potentially lose millions. On Money in the Market, Ville Heiskanen, Technology Editor at Bloomberg News, joins us to tells about the latest developments in the deal and what the everything app "X" could offer. 

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Lawyer, Writer, and Social Justice Advocate, Amanda Chong has been voted Her World Young Woman Achiever of the Year 2022 for her work championing early childhood education and literacy in Singapore. In this episode of The View, Rachel Kelly speaks to Amanda to find out more about her journey as a writer, upcoming projects and finding inspiration.

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On Money in the Market, Geoff Howie, Market Strategist at SGX, joins us to give us a wrap of what's been moving in markets this week. He talks STI's performance this week; Yangzijiang Shipbuilding, Sembcorp Marine, and other REITs; as well as what to expect next week with the MAS policy statement and Singapore's GDP figures released at the end of the week. 

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We have seen the cost of daily necessities rising at an unprecedented rate, while inflation has hit unprecedented highs in 2022. As central banks in major economies continue to raise interest rates, we are seeing the implications not only in our loans and purchasing power but in our investments as well. On Money in the Market, Wilfred Lim, Head of Strategy, Investment Solutions at PhillipCapital joins us to explain how rising interest rates will affect retail investors and their investment objectives.
 

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While the EV adoption rate in Singapore has doubled this year compared to last, uptake in the country is still substantially behind more advanced EV markets - That’s according to the latest report from KPMG. Of the 645,150 cars on Singapore roads in 2021, only 2,942 were electric. To find out what more needs to be done to adopt EV adoption - Rachel Kelly spoke to Sharad Somani, Partner and Head of Infrastructure, KPMG Asia Pacific.

01:13 - Why is EV adoption in Singapore still so low?

03:42 - Is Singapore on track for EV infrastructure roll out?

05:00 - Are consumers ready for EV adoption?

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Gold is hovering above $1,700 an ounce amid continued uncertainty over whether the US central bank will maintain its resolve to crush inflation by hiking rates. Meanwhile, prices of copper have fallen by nearly a third since March, but we’ve seen a bit of a gain today, after the London Metal Exchange said that it will restrict new deliveries of metals from Russia. On Money in the Market, Sabrin Chowdhury, Head of Commodities at Fitch Solutions, joins us to tells us more on the outlook of prices for commodities including gold and copper.

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UK Investors are now shifting from the poor growth and inflation mix to the extremely negative external balance picture in the UK. The UK economy is currently being impacted by different forces that make forecasting the economic outlook increasingly difficult. Meanwhile, the pound has rebounded from its recent plunge, but some expect that rally could end. On Money in the Market, Pierre Blanchet, Head of Investment Intelligence at Amundi joins us to tells if the plunge has an effect on Asian currencies. 

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Dr Leong Hoe Nam, Infectious Disease Expert at the Rophi Clinic joins #TheAfternoonUpdate to talk about the uptick in Covid-19 cases, and tell us all about what we need to know to combat HFMD.

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Singapore was an early proponent of crypto regulation, attempting to establish itself as a hub for global digital-asset companies. But it’s been a year of high-profile crypto failures and market meltdowns. Several of the biggest casualties of the crypto winter was based in Singapore. And amidst these tightening of regulations, Independent Reserve is one of the first virtual asset service providers to obtain full licensure approval in Singapore. On Money in the Market, co-founder and CEO of Independent Reserve Adrian Przelozny joins us to tell us more on the current crypto space and how Independent Reserve has navigated through such regulatory challenges.

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The Monetary Authority of Singapore will contribute to a $5 million Asia climate solutions grant -

This is part of a push to move closer to net-zero carbon emissions by 2050.

The grant will be hosted by a global network for blended finance.

The funding was announced at the inaugural Transition Finance Towards Net Zero Conference. 

The Monetary Authority of Singapore, together with knowledge partners McKinsey & Company and Convergence Blended Finance, hosted the event which sought to bring together key public and private sector stakeholders to mobilise capital at scale to help economies and corporates decarbonise. Rachel Kelly speaks with Sven Smit, Senior Partner, McKinsey & Company to find out more. 

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