Your Way Home with Hongbin Jeong

Singapore stocks started the day on an optimistic note. That’s following news by the Ministry of Trade and Industry that gross domestic product was estimated to grow 0.7 per cent year on year in the second quarter of 2023. 

In terms of companies to watch today, we have Hotels Properties Limited. That’s after its co-founder and managing director Ong Beng Seng has been asked by the Corrupt Practices Investigation Bureau (CPIB) to provide information on his interactions with Transport Minister S Iswaran, who is currently on a leave of absence. 

Meanwhile, from the latest Singapore GDP numbers to Tesla selling Chinese-made Model Y in South Korea and PepsiCo’s earnings estimates, more economic and corporate headlines continue to be in focus.

On Market View, the Drive Time team unpacked the developments of the day.

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Transport Minister S Iswaran is assisting the Corrupt Practices Investigation Bureau (CPIB) with an investigation into a case uncovered by the agency. These investigations invoke doubts about Singapore's incorruptibility. Moreover, Mr Iswaran's involvement would make the PAP need to reassess his role in the upcoming election as the MP of West Coast GRC.

We speak to Eugene Tan, Associate Professor of Law, Singapore Management University more about this.

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Today we’re going to bring you an inside look into the private education business.

Founded in 1907, ESSEC Business school is a major French business school with a tightly knit community of some 62,000 graduates.

With the region, ESSEC Business School Asia-Pacific, was established in Singapore in 2005 to offer academic and executive programmes with Asian insights and Western perspectives. It has since welcomed over 5,000 managers and students. 

But how does the school differentiate itself from other publicly funded institutions? Who are its target customers and how does it position itself against other players in the education market? 

Meanwhile, ESSEC Business School Asia Pacific recently launched its Academy of Luxury to cater to professionals eager to elevate their knowledge and hone skills in luxury management and break into the coveted luxury sector. 

The programme was touted as the first of its kind in APAC and seeks to address the ongoing talent shortage in the luxury sector — but to what extent is this shortage driven by a lack in training opportunities?

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Prof Reetika Gupta, Deputy Dean of ESSEC Business School, Asia-Pacific. 

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Singapore shares opened stronger today following overnight gains in the global market. This comes as the easing of US inflation data stoked optimism of the Federal Reserve ending its interest rate hiking cycle soon.

In early trade, the Straits Times Index (STI) was up 1 per cent to 3,207.5 points after 114.5 million securities changed hands in the broader market. 

In terms of companies to watch, we have Seatrium, after the offshore and marine engineering player obtained a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to fund its sustainability efforts. 

Meanwhile, from China’s trade figures to the latest US earnings expectations, more international and corporate headlines continue to be in focus.

On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.

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With Christian Pulisic in the news after sealing a move from Chelsea to AC Milan, we're wondering if footballers from America will ever be great? Well, the female footballers will certainly make a case for it when the 2023 FIFA Women's World Cup gets underway next week, and Team America eyes their 5th successive title triumph!

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Wellness drinks are one of the biggest beverage trends in the last few years, and we do not expect this craze to budge in the coming years. From coconut water and juice cleanses to kombuchas and kefirs, wellness is infiltrating our diets, menus, and office coffee machine conversations. 

But what does ‘wellness’ actually mean for a beverage? And how can we mix wellness drinks into our favourite alcohol beverage? 

Victoire Desvigne, General Manager Asia, Fever-Tree shares more with us.

 

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Are you ready for it? Taylor Swift | The Eras Tour is Coming to Singapore and Klook is the official experience partner. The partnership marks a noteworthy milestone as Singapore will be the only Southeast Asian destination for this highly anticipated tour.

Music tourism as a culture is growing and yet it’s often overlooked as a powerful vertical in the larger tourism sector. We find out how Singapore is establishing itself as the events and entertainment capital of Asia with Sarah Wan, General Manager for Indonesia, Malaysia, and Singapore, Klook.

 

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Mining for minerals used in farming, infrastructure and even in electric vehicles. That’s what we’re going to talk about on the segment today, with the world’s largest mining company BHP. 

Founded in 1885, BHP is a leading resources company headquartered in Melbourne, with about 80,000 employees and contractors across 90 locations worldwide. 

It produces essential commodities through its assets such as open-cut and underground mines, as well as gas production and processing facilities. The minerals include copper for renewable energy, nickel for electric vehicles, iron ore, as well as coal used to make steel. 

But how does it operate exactly? What is demand like for the different types of minerals at this point in time? 

And with China’s leading steelmakers warning of a challenging second half amid sluggish economic recovery – what will this mean for BHP’s iron and coal mining business?

Meanwhile, BHP earlier announced plans to decarbonise its mining operations to achieve net-zero by 2050, but how does it balance financial viability and environmental goals?

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Vandita Pant, Chief Commercial Officer, BHP for more.

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Daniel Ricciardo is making a surprising return to Formula 1 and will drive for Red Bull's sister team Alpha Tauri for the rest of the season. The 34-year-old Australian, who was released by McLaren last year, will race at the Hungarian Grand Prix on 23 July. He replaces Nyck de Vries, who has been dropped after only 10 races.

Matthew Marsh, F1 analyst and former racing driver, sheds light on what this means for Ricciardo, and the rest of the grid.

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Singapore shares started the day on a softer note despite overnight gains on the global market.

In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,159.74 points after 63.7 million securities changed hands in the broader market.

In terms of companies to watch for today, we have UOL Group and Singapore Land Group. 

This comes as the Housing and Development Board announced the award of a mixed-use land parcel in Tampines to a joint venture between a UOL-Singapore Land consortium and CapitaLand Development. 

Elsewhere, from Fast Retailing’s earnings being a bellwether of China’s retail industry to Huawei plotting a return to the 5G smartphone industry and to Japan’s wholesale inflation slowing for the 6th straight month, more international headlines continue to be in focus.

On Market View, the Drive Time team unpacked these developments with Sarah Lien, Senior Product Specialist,  Allianz Global Investors. 

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