Your Way Home with Hongbin Jeong

Singapore shares opened slightly higher today after international markets ended mixed on news of US inflation cooling.

In early trade, the Straits Times Index increased by 0.03 per cent to 3,423.11 points, after 71.6 million shares were traded.

In terms of companies to watch, we have Singapore Airlines. The national flag carrier announced that it intends to redeem half of the mandatory convertible bonds (MCBs) it issued in June 2021. 

Meanwhile, shares of The Place Holdings were heavily traded after the group said it is in talks to sell up to 11 per cent of New Vision Holding. Investors are also keeping tabs on a number of companies seeing developments today ranging from SingPost to CapitaLand Investment. 

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

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Having recently surpassed the 1000 mark for gold medals won at the SEA Games, just how many more can Team Singapore clinch at the 2023 edition? David Lee, Sports Correspondent with The Straits Times, joins us from Cambodia to review and preview the games thus far. 

READ MORE:
https://www.straitstimes.com/multimedia/graphics/2023/05/singapore-sea-games-1000-gold-medals/index.html?shell

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After nearly three years, China has finally reopened its borders. That also means the return of Chinese tourists, who will provide a boost to businesses, especially in neighbouring countries, that used to rely on them.

But will Chinese tourists make a revenge comeback? 

Dr. Yong Chen, Professor of Marketing and Economics, EHL Hospitality Business School shares his views. 

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From UK’s Prime Minister Rishi Sunak’s ruling Conservatives suffering big losses at an electoral test and what we know so far about Russia’s claims that Ukraine has launched a series of drone attacks on its territory in recent weeks. 

Dr Samir Puri, Visiting Lecturer in War Studies at King's College London and author of 'Russia's Road to War with Ukraine' gives us an analysis of those headlines and more. 

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At this time of the day we want to ask the question - what’s for afternoon tea.

We're asking this question because we’re talking to a company that sells a snack commonly paired with Kopi O or soybean milk. 

Bingo if you’ve guessed Youtiao or Chinese fried dough sticks. Our guest for today is You Tiao Man, which had its humble beginnings in a hawker stall back in the 1940s. 

That is, before its fourth generation owner transformed it into the multi-chain food manufacturer it is today. 

The company is now one of the largest wholesalers of You Tiao to hotels, caterers, restaurants, food courts and hawkers in Singapore and began distributing to supermarkets in Singapore in 2021. 

From a traditional hawker business into a B2B and B2B2C manufacturing brand, we want to find out how this process has been for You Tiao Man, and what’s next for the company. 

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Audrey Chew, Chief Executive Officer, You Tiao Man for more.

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According to a McKinsey & Company report, one in three employees in Asia experiences symptoms of burnout, and 80 percent are not turning to professionals for help.  

The common factor contributing to these burnouts is work, and yet, 38 percent of employees in Southeast Asia are reluctant to share their mental health concerns with their managers.

Lin Tan, ICF Master Certified Coach and Founder of Collective Change Institute shares with us what needs to be done to break this barrier or wall of mental health conversations at work. 

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Napoli ended their long wait to win the Italian Serie A, ending 33 years of pain since club icon Diego Maradona led the team to their last title in 1990. But will this be the start of a Naples dynasty, or will it be a flash in the pan much like Leicester City's surprise Premier League title win?

Elliott & Raushan are in conversation with Kaustubh Pandey, Editor-in-Chief at Get Italian Football News to find out more! 

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Singapore stocks rose this morning, despite overnight losses on Wall Street and in Europe. 

In early trade, the Straits Times Index climbed 0.2 per cent to 3,249.78 points after some 53.2 million securities changed hands in the broader market. 

In terms of companies to watch, we have for you OCBC, after the bank announced that net profit for its first quarter rose 39 per cent to a record S$1.88 billion, bolstered by strong net interest income growth. 

Meanwhile, investors zoom in on Olam Group after reports said the agri food giant is planning to launch in June a dual IPO of its agricultural unit that could raise up to US$1 billion in Singapore and Saudi Arabia. 

If actualised, the dual listing would solidify Southeast Asia as a global IPO hotspot and give a lift to Singapore’s IPO activity. 

Elsewhere, all eyes are on April’s US consumer inflation due later tonight. That’s as traders continued to watch President Joe Biden and top lawmakers’ attempt to break a deadlock over raising the US$31.4 trillion US debt limit. 

On Market View, the Drive Time team unpacked these developments with Carmen Lee, Head of OCBC Investment Research.

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According to research by Boston College, companies that are already participating in the world’s largest-ever trial of the 4-day work week are not returning to the 5-day standard.

But the real question here is, are organisations equipping their employees with the right tools to help them become more productive, portending a future where they need less time to complete ‘a week’s worth of work?’

Sherie Ng, Country Director, Singapore, Google Cloud gives us her perspective on this matter. 

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From Thailand’s upcoming general election to the latest on the ASEAN Summit happening in Indonesia. 

Dr. Felix Tan, Political Observer, Nanyang Technological University gives us an analysis of those headlines and more. 

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