The Afternoon Update with Lynlee Foo
About
Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.
SEP 18, 2024
18/09/24 - ECO MONEY: Singapore sustainable energy professionals call for more aggressive action on goalsSingapore has once again emerged as the ASEAN leader in energy transition efforts, for the second year in a row.
That's according to the latest annual survey by the Sustainable Energy Association of Singapore (SEAS) with 250 industry professionals from the energy sector.
However, nearly one-third of energy professionals believe the city-state’s renewable energy targets need more aggressive action.
SEAS says respondents are concerned that Singapore remains dependent on natural gas and see lack of regulatory frameworks and barriers in cross-border interconnection agreements as well as regulatory uncertainties in tightened energy markets as hurdles.
Rachel Kelly speaks to Kavita Gandhi, Executive Director of the Sustainable Energy Association of Singapore to find out more.
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14:39
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SEP 17, 2024
17/09/24 - Industry Insight: Empowering Gen Alpha with digital bankingAccording to recent research, the economic footprint of Gen Alpha is expected to reach $5.46tn by 2029. Born into a digital world, this generation is set to reshape the financial landscape. To this end, OCBC has come up with an initiative to engage the new generation of potential customers. Come October, OCBC will serve and enable ‘Gen Alpha’, digital natives born after 2009, to bank digitally via their own bank accounts.
Tan Siew Lee, OCBC's Head of Group Wealth Management, shares more about how MyOwn Account works, ahead of the launch on October 20.
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10:35
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SEP 13, 2024
13/09/24 - Industry Insight: Connecting businesses through multi-vertical eventsNetworking and collaborating with people outside of your industry may not be an easy task. To that end, event companies are coming up with cross-industry conferences that enable attendees to not just gain new knowledge but also participate in some corporate matchmaking which can lead to collaborative business success. Jasper Donat, Chief Executive Officer of live media and events company, Branded shared insights into the multi-vertical events business. The company has been organising All That Matters, its flagship executive conference for more than 18 years. The event serves as the region's meeting point for some of the most influential leaders across music, sports, gaming, AI, Web3, marketing and the arts industries.
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14:04
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SEP 13, 2024
13/09/24 - Weekly Wrap: Why Singapore will have the largest share of EVs in Southeast AsiaAccording to a report from Bloomberg’s energy research service Bloomberg New Energy Finance (BloombergNEF), Singapore is forecast to have the largest share of passenger electric vehicles in South-east Asia by 2040. A total of 80 per cent of all passenger vehicles here are expected to be electric by that year,compared with a regional average of 24 per cent. What's pushing Singapore ahead? And will this EV trend continue?
On The Weekly Wrap, Lynlee Foo buckles down to find out more from Komal Kareer, clean transport analyst and lead author of the report at BloombergNEF .
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15:03
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SEP 12, 2024
12/09/24 - Industry Insight: Oil demand outlook and shifts in the global energy mixThis week, thousands gathered at the Asia Pacific Petroleum Conference (APPEC) in Singapore to talk oil and the broader market, with China’s slowdown and the structural shifts in the global energy mix taking the spotlight. APPEC is the biggest Asian energy conference held annually in the city state, and is known as a cornerstone of the energy industry for the past 40 years. What are the major concerns surrounding the growing supply-demand imbalance, and the latest on decarbonisation? What role does Singapore play in alternative fuels? Chairman of APPEC 2024, Dave Ernsberger, who is Head of market reporting and trading solutions at S&P Global Commodity Insights, shares the key takeaways from the conference and more.
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12:20
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SEP 11, 2024
11/09/24 - Industry Insight: Australia's housing crisis and the impact on foreign homebuyersInvesting in Australian real estate has long been an attractive proposition for Singaporeans. The 2022-2023 financial year saw Singapore buyers acquired A$300m of residential real estate in Australia. However, the housing market is in crisis with Australia struggling with a shortage of homes as building approvals fall to their lowest in more than a decade in 2024. How will this impact overseas investors? What do you need to know about buying Australian real estate? Melbourne-based agent, Perry Loong from real estate firm HarcourtsInternational shares some insights.
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11:29
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SEP 11, 2024
11/09/24 - ECO MONEY: CEOs’ prioritization of sustainability has declinedThere’s been a sharp decline in CEOs’ prioritization of sustainability - that’s according to the latest research from Bain & Co.
Instead AI, growth, inflation, and geopolitical uncertainty have risen to the top of their agendas.
That said, this slowing momentum on sustainability could come with a tangible cost.
Bain estimates a temperature increase of 2 degrees Celsius could cut $6 trillion from the value of the S&P 5001, in addition to the devastating environmental and social consequences.
Many companies are reassessing, adjusting, and, in some cases, retracting their climate commitments.
Rachel Kelly has more in this week's Eco Money.
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03:44
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SEP 10, 2024
10/09/24 - Industry Insight: ROI on Gen AI? It is in the front office35 per cent of Singapore's C-suites regard Generative AI as a critical business priority for Singapore C-suites, and 52 per cent of them place it among their top three priorities.
That’s according to new research commissioned by Salesforce, a leading provider of cloud-based customer relationship management software. However, the study highlighted that many businesses do not actually know how AI can add value, but feel pressured to keep up with their competitors and ride the latest technology trend.
Where is the ROI gap in Generative AI investment? How can C-suite leaders optimise the value of Gen AI?
Gavin Barfield, Chief Technology Officer, Salesforce ASEAN weighs in and shares some interesting findings from the research.
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12:23
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SEP 10, 2024
10/09/24 - Market View: Analysing SGD/USD and SGD/JPYLate last month (Aug 23), the Singapore dollar advanced to its strongest in almost a decade, hitting levels last seen in 2014 against the greenback. Two weeks on, is the trend continuing?
In addition, the Sing dollar is also not far off highs against the Japanese currency.
Yeap Junrong, Market Strategist at IG gives his take on the SGD / USD pair, the SGD / Yen pair, and shares his trading strategy.
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05:44
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SEP 9, 2024
09/09/24 - Industry Insight: Mobile app security in a 'scamdemic' eraMobile users are keenly aware of the growing security, fraud and privacy threats when they use mobile apps. Nevertheless, cybercrime and online fraud are growing at an alarming rate, impacting millions across the globe. The so-called 'scamdemic' shows no signs of slowing down. The rising number of mobile users worldwide, projected to reach 6.3 billion by 2030, according to the Cyber Security Agency of Singapore (CSA), poses a significant challenge for both users and app developers. Compromised devices can lead to data breaches, financial losses, and a degraded user experience. How can we close this gap in keeping the apps and users secure? Is AI the answer?
Jan Sysmans, Mobile App Security Evangelist, at mobile security firm Appdome shares more.
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12:57
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