Your Way Home with Hongbin Jeong

Whether you’re heading out for work or leisure, ride hailing has become one of the most common modes of transportation these days. 

Besides tech giants Grab and Gojek, we want to talk about a newer player on the block that has been gaining prominence in Southeast Asia - TADA. 

Launched in Singapore in 2018, TADA is the world’s first blockchain-based zero-commission ride hailing application, where its key mobility data such as transactions, movements, and the maintenance of people and vehicles are recorded in a single Mass Vehicle Ledge or MVL ecosystem.  

The company further expanded into Cambodia in the same year, before setting foot into Ho Chi Minh City in Vietnam. But how does the company’s blockchain based application help it differentiate itself against major incumbents in the ride hailing industry?

More recently, TADA has entered into a strategic partnership with foodpanda to introduce new user benefits for customers in Asia, starting with Singapore and Cambodia. What does this partnership mean for TADA as it positions itself for future growth? 

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down  with Jonathan Chua, Regional General Manager, TADA Mobility (Singapore) for more. 

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Korea is known for its efficient and fast delivery food service.

You can order anything from chicken wings and burgers to rice noodles and kimchi jjigae.

On K-food today - I’ll tell you all the top foods South Koreans order on these delivery apps - so the next time you’re in South Korea, and you don’t want to leave your hotel room or your airbnb- you can just order like the Koreans.

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Aged 52, Phua Min Tze is Team Singapore’s most senior female athlete at the 2023 SEA Games in Cambodia - two decades since she first represented the flag. Proving that age is certainly no barrier, Min Tze tells Elliott and Raushan about her journey and juggling act - between being the head of investment & asset management and a part of the national indoor hockey team.

READ MORE:
https://www.straitstimes.com/sport/first-sea-games-in-two-decades-for-52-year-old-indoor-hockey-player

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Singapore shares rose this morning after the Labour Day holiday, mirroring gains in Europe.

In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,287.75 points after 56.2 million securities changed hands in the broader market. 

In terms of companies to watch today, DBS, after the lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended March, on higher interest rates, sustained business momentum and resilient asset quality. 

Elsewhere, investors continue to digest the takeover of First Republic Bank by JP Morgan Chase as they remain laser focused on the Federal Reserve’s interest rate decision due mid-week. 

On Market View, the Drive Time team sat down with Matthias Chan, Head of Research at SAC Capital for more. 

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Startup investing is potentially lucrative, but it is important to understand that it comes with big risks. Seedstars is an investment holding on a mission to impact people’s lives in emerging markets through technology and entrepreneurship.

Alisee de Tonnac, CEO, Seedstars shares more about her company and the progress in the startup ecosystem within the region. 

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Singapore Academy of Law has recently launched a free guide that can help businesses facing financial distress more effectively adopt a cheaper and quicker debt restructuring tool known as an out-of-court workout.

Sim Kwan Kiat, Head, Restructuring and Insolvency Practice, Rajah & Tann Singapore LLP shares more about the guide and how out-of-court workout might be better than the other tools available. 

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From China revising their conscription law to the country increasingly barring people from leaving, including foreign executives. 

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

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From content writing, to providing human-like responses in chatbots, and to even coding. Generative AI has made its potential known to the world with the introduction of ChatGPT. 

But besides, did you know that generative AI can be used in the process of drug discovery as well? 

Today we speak with Insilico Medicine, a clinical stage AI driven drug discovery company that is delivering breakthrough solutions to discover and develop medicines in areas such as cancer, immunity and ageing.

The company was selected by NVIDIA as one of the top 5 AI companies for its potential for social impact back in 2017. But how does it work, and what does a new drug discovery mean for the company?

Separately, Insilico Medicine had also signed a strategic research collaboration with pharmaceutical giant Sanofi in a deal worth up to US$1.2 billion last November. So, what is the status right now?

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Dr Alex Zhavoronkov, CEO of Insilico Medicine.

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Today’s slang word is one of Gen Z’s favourite word.It's a word they live by - or strive to at least. 

It’s 갓생 (godsaeng). 

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Singapore shares fell this morning, despite gains in global markets overnight.

In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,279.49 points after 89.3 million securities changed hands in the broader market.

In terms of companies to watch today, we have Singtel, after the telco announced yesterday that it will be combining its consumer and enterprise business in Singapore into a singular operating company from June. 

Meanwhile, property stocks continue to be in focus as investors mull the impact of the latest hikes in Additional Buyers’ Stamp Duty on homebuyers. 

And not to mention - the number of S-REITS reporting their distribution per unit figures for the latest quarter ended March.

My Drive Time colleagues and I discussed the latest market moves and views with Benjamin Goh, Head of Research and Investor Education, SIAS.

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