Reset with Lynlee

The dollar has climbed close to a 24-year peak against the yen today after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve. The dollar surged as high as144.965 yen, taking it close to the144.99 level hit a week ago. On Money in the Market, Lim Jun Kit, Strategist at Philip Nova explains the dollar's impact on the Japanese yen, the Chinese yuan, and the euro.  

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Global investment in clean energy will need to triple to an estimated $3.5 trillion annually by 2030, and nearly every industry will need a period of heightened investment. On the back of this - Singapore bank DBS has announced a landmark set of decarbonisation commitments. 

Rachel Kelly speaks to Yulanda CHUNG, Head of Sustainability, Institutional Banking Group, DBS to find out more.

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On Money in the Market, we take a look at the current trends of emerging markets in the current market, as we continue to face the impacts of the Russia-Ukraine war, surging inflation and continuous interest rate hikes. Steve Sun, Senior Portfolio Specialist with the Emerging Markets Equity team at Morgan Stanley Investment Management, joins us as we dive into the outlook of EM equities as well as how such markets are integrating ESG investments. 

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Oil prices have declined at the start of this week, amid mounting speculation that global demand is weakening. Crude has sunk by nearly a third since June, shedding all the gains since the start of the Russia-Ukraine war. On Money in the Market, Serene Cheong, Team Leader of oil trading in Asia at Bloomberg, joins us to tell us more about the recent oil price trends. 

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Singapore’s healthcare leaders are stepping up focus on social responsibility and are looking to digital solutions to support goals in this area. According to the latest Future Health Index findings from Philips - there is a noticeable shift in the leaders’ attitudes towards environmental sustainability. Coming up in the best of The Afternoon Update - Rachel Kelly speaks to  Ivy Lai, Country Manager of Philips Singapore to find out more. 

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Fundnode is a new distributed ledger fund settlement utility that was launched by public-private partnership group The Singapore Funds Industry Group (SFIG) to improve the efficiency of funds settlement in Singapore. This new utility leverages the distributed ledger technology, and provides a single platform for market participants, such as distributors, fund managers, transfer agents and fund service providers, to conduct multiple activities across the settlement process. Fundnode is owned and operated by Marketnode, a joint venture between SGX Group and Temasek. On Money in the Market, Martin Pickrodt, CEO of Marketnode, joins us to tell us more details about Fundnode.

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Investors will be closely watching Federal Reserve Chair Jerome Powell’s speech later today as markets brace for another 75 basis-point hike later this month. And the European Central Bank is set to raise its own interest rate hike later this evening as well - and markets are placing their bets on a 75 basis point rate hike. But what does this mean for markets in the region? On Money in the Market, Vishnu Varathan, Head of Economics & Strategy, Asia at Mizuho Bank, joins us to tell give us more insights on what to expect. 

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Exposure to chemicals in nonstick cookware have been linked to elevated liver cancer risk - That’s according to recent research from the University of Southern California. Rachel Kelly spoke to  Professor Pierce Chow, Senior Consultant, National Cancer Centre Singapore  to find out more and what you need to know about liver cancer. 

01:33: How prevalent is liver cancer in Singapore?

04:06: Why do more men have liver cancer?

07:30: A study from the US has linked cookware to liver cancer - what do we need to know?

09:10: How treatable in liver cancer?

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Online trading platform Tiger Brokers has recently announced the launch of TradingFront. It’s a new extension to its wealth management platform. TradingFront aims to transform the financial advisory sector by leveraging Tiger Brokers’ next generation technology platform. On Money in the Market, Grace Yong, Business Development Director of Tiger Brokers, joins us to tell us more about this new platform.

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Rachel Kelly speaks with Alexander Hammond, Policy Analyst at the Institute of Economic Affairs to find out more about the new British Prime Minister, Liz Truss. and what the government under Liz Truss means for businesses and the British economy.

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