Your Way Home with Hongbin Jeong

There’s a new k-drama series, and it screams Korean Deadpool.

It’s called “Stealer: The Treasure Keeper.”

And it’s a new caper comic action drama in which a mysterious cultural asset thief named Skunk and an unofficial heritage redemption team known as Team Karma collaborate to fight against those who cannot be judged by the law. 

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Erling Haaland has broken the Premier League record for goals in a season - notching his 35th goal in 34 games to go one clear of Andy Cole and Alan Shearer, whose 34-goal tallies had come in a 42-match campaign. So is Haaland the greatest goalscorer the league has seen? And will he lead Manchester City to total dominance?

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Singapore shares dipped slightly in early trade today following confirmation of a 25 basis point Fed rate hike.

In early trade, the Straits Times Index (STI) lost 0.1 per cent, to 3,257.8 points after 55.3 million securities were traded in the broader market. 

In terms of companies to watch, we have  Frasers Logistics & Commercial Trust, after its manager announced a distribution per unit of S$0.0352 (3.52 Singapore cents) for the first half of FY2023, representing an 8.6 per cent year-on-year decline. 

Meanwhile, the Federal Reserve soured the mood on Wall Street in the previous session by raising rates. Also weighing on investors are fears that US officials may fail to reach a deal on raising the US debt ceiling, triggering a damaging default as early as next month. 

On Market View, the Drive Time team dived into the details with Terence Wong, CEO, Azure Capital.

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Our next guest, sustainable packaging firm TRIA (pron as it is) together with KFC Singapore, has launched the world’s first closed-loop single-use packaging solution through a pilot programme in September last year.

And their initiative aims to catalyse circularity in the F&B industry. But what goes behind the scenes when producing a sustainable food packaging product?

Lin Qing Yao, Senior Operations Manager, TRIA shares more with us.

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Supercars are on our agenda today, and this time, we want to talk about luxury car brand Lamborghini and its new hybrid model, the Revuelto.

Priced at around US$600,000, the Revuelto is Lamborghini’s first ever plug-in hybrid. 

The model, which was launched just back in March, already has a waiting list and two years worth of orders by mid-April, signalling the strength of the wealthy consumer amid a global economic slowdown. 

But what will the rollout of the model look like with production scheduled to start in the second half of this year and delivery to the US to begin in the fourth quarter?

Meanwhile, Automobili Lamborghini also reported a record breaking year for 2022. The company saw its best sales figure and delivered 9,233 cars worldwide - a 10 per cent increase over the previous year. 

To what extent was this contributed by Asia and to what extent is the Chinese market a wild card? 

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Francesco Scardaoni, Region Director for Automobili Lamborghini Asia Pacific. 

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He is a man with many talents - a man with many hats. He’s a multinational businessman & CEO Influencer, venture capitalist, lawyer, and a K-Pop artist.

He’s David Yong. 

And he has just released his newest Single - “Maybe Love” - and this is a collaboration with Moonbyul from MAMAMOO. 

On K-influencers today, David Yong joins Hongbin Jeong to dive in further about his journey as a K-pop star, working in the Kpop industry as well as working with Moonbyul for his latest single.

 

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Singapore shares opened markedly lower today, tracking overnight losses on Wall Street and Europe.

The Straits Times Index shed 0.7 per cent to 3,260.77 points in early trade after 59.3 million securities changed hands in the broader market.

In terms of companies to watch, we have for you Keppel Corporation, after the group said it will undergo a reorganisation. that will remove its conglomerate structure in favour of one which comprises fund management, investment and operating platforms. 

Meanwhile, investors continue to keep their eyes peeled on the US Federal Reserve’s latest policy meeting. 

The technology sector is also in focus with the chief executives of Alphabet’s Google and Microsoft, Open AI and Anthropic set to meet Vice President Kamala Harris and top administration officials to discuss key issues surrounding artificial intelligence.

On Market View, the Drive Time team unpacked some of these developments on the show today.

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With 75-year old Roy Hodgson making a big impression since being re-appointed at Crystal Palace, and 68-year old Sam Allardyce rumoured to be in line for a shock return to Premier League management - Elliott and Raushan ponder if age matters at all for football managers. What do you think?

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Escape indoors into Raffles City and cool down with Spanish painter Sergi Cadenas’ first overseas exhibition since the onset of the pandemic!

Taking centre stage are his signature masterpieces on which Sergi has made his name; kinetic optical portraits that unveil two different faces in one painting when seen from different angles.

Sergi Cadenas, Artist, Represented by Singapore art gallery - Ode To Art tells us more on what to expect from his first overseas exhibition. 

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From Malaysian Prime Minister Anwar Ibrahim acknowledging that there are parties plotting to topple his administration and the EU and US warning Malaysia of security risk in Huawei's bid for 5G role. 

Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs gives us an analysis of those headlines. 

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