The Afternoon Update with Lynlee Foo


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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.


NOV 11, 2024
11/11/24 - [SFF 2024 Special] Industry Insight:  How quantum computing and AI can give fintech a major boost
The global quantum computing market is estimated to be worth between US$45 billion and US$131 billion by 2040 (McKinsey). The single largest sector to be impacted is the financial services sector, with an estimated value at stake of US$450 billion. To this end, the business world is rapidly transforming with two revolutionary technologies leading the charge; quantum computing and AI. Each of these technologies represents immense potential to redefine the boundaries of what's possible. This powerful fusion of quantum computing and artificial intelligence is emerging, and it promises to reshape our world in ways we can hardly imagine.  Dipen Mehta, Head of Financial Services for SoftServe, a global IT consulting and digital services provider, sheds some light on the potential of quantum computing in financial services. 
19:10

NOV 11, 2024
11/11/24 - Viewpoint: COE injections' impact on premiums and the broader market
Up to 20,000 additional certificates of entitlement (COE) will be injected across the five vehicle categories over the next few years from February 2025. The announcement, made by Land Transport Authority on Oct 29, has sparked much discussion among many. The LTA says the move reflects recent trends in vehicle usage, the upcoming and improved ERP 2.0 system and significant investments in Singapore’s public transport network. Could a boost in COE supply lead to a drop in COE premiums and ease car ownership costs? Lee Nian Tjoe, Senior Transport Correspondent, The Straits Times, weighs in on the impact of this latest development.
12:36

NOV 11, 2024
11/11/24 - Market View: Unpacking Singapore Airlines' latest earnings release
Singapore Airlines Group's net profit fell 48.5% YoY to $742m in H1 FY2024/2025 on weaker operating performance. Shares of the city's flag carrier dropped after it reported a slump in profits due to increased competition and higher fuel costs.   Isaac Lim, Chief Market Strategist at investment platform moomoo Singapore joins The Afternoon Update to unpack details of the earnings release and shares his take on the charts for SIA's stocks.
07:32

NOV 9, 2024
09/11/24 - Industry Insight: Interactive live-streaming spurs virtual gifting through anime and entertainment
In recent years, the digital entertainment landscape has witnessed a fascinating evolution with the emergence of Virtual YouTubers, or VTubers. There is a rising trend of these content creators who use computer-generated avatars representing themselves in videos and live streams. The VTuber market, stands at around US$500 million ($658.7 million).  Today on Industry Insight, we find out more about this trend in the live-streaming industry from SGX-Listed live-streaming platform 17LIVE. The global company is the SGX’s first and only entity to have gone through a despac transaction reversed a US$118.2 million loss to profit.  CEO of 17LIVE, Jiang Honghui. shares more.  
17:39

NOV 7, 2024
07/11/24 - [SFF 2024 Special] Industry Insight: Bridging the gap between crypto and traditional finance
With the rise of digital assets, it can be quite an uphill journey and steep learning curve for both traditional banks and clients in navigating this space. This is where Singapore-based digital payment solution provider MetaComp enters the picture.  Describing themselves as the Compass of the Meta-Crypto World, Eddie Hui, COO and Co-President of MetaComp and Tin Pei Ling, Co-President of MetaComp, shares with us more about their vision, which is to build the bridge between traditional and crypto finance.
19:00

NOV 7, 2024
07/11/24 - [SFF 2024 Special] Industry Insight: How will quantum computing change the financial system?
While quantum computing is still in its developmental stages, it is gearing up to have a profound impact on the financial system. According to McKinsey, by 2035, quantum computing use cases in the finance industry could create $622billion in value. Here in Singapore, efforts are being made to tap into that potential. For example, just a few months ago, the Monetary Authority of Singapore announced plans to invest SGD$100 million to fund quantum computing and AI projects, as part of a scheme to support banks and other financial institutions as they innovate and develop capabilities in both quantum computing and artificial intelligence (AI) technologies. Dr Joe Fitzsimons, CEO of Horizon Quantum Computing shares his insight on the potential impact of quantum computing in the financial sector and how might quantum banking change the financial system.
17:49

NOV 6, 2024
06/11/24 - [SFF 2024 Special] Industry Insight: Why financial institutions are spending more than ever to fight financial crime
As global financial institutions and consumers navigate economic and regulatory changes, more effective ways are sought to predict risk. With the boom in generative AI, how has technology changed the financial services industry when it comes to financial crime compliance? What are the new challenges for financial institutions in the fight against financial crime? Rohit Mittal, APAC Director of Financial Crime Compliance and Payments at global data and analytics company LexisNexis Risk Solutions, shares more.
15:51

NOV 6, 2024
06/11/24 - [SFF 2024 Special] Industry Insight: Trends in payments innovation to scale and unlock new revenue streams
In an era of rapid digital transformation, efficient and innovative payment solutions are crucial for business success.  On Industry Insight, we look at the latest in payment solutions, and explore the advancements in payment technologies. From real-time transactions to embedded finance, what are some of the common initiatives industry players are focusing on, to help businesses scale and unlock new revenue streams through smarter and more secure payment infrastructures?  Sarita Singh, Managing Director of Southeast Asia, India and Greater China with global financial infrastructure company Stripe shares her views. 
14:45

NOV 6, 2024
06/11/24 - [SFF 2024 Special] Industry Insight: The role of carbon credits in the transition to a net zero economy
Carbon markets have evolved into a significant international market segment that has generated $104 billion in revenue in 2024 to fund climate and nature programs. Indeed, it is a growing sector, especially when energy transition and the race to net zero is entering a new phase of maturity in which nations and corporations are being held to higher levels of integrity in both compliance and voluntary carbon offset claims, reporting and data. Singapore’s Green Plan 2030 aims to make the country Asia’s carbon services and trading hub. Yet, there appears to be a slowdown in the voluntary carbon market. According to industry experts, the voluntary carbon market has been in the doldrums for two years amid doubts among buyers over the integrity of the process. Project Qatalyst, a due diligence platform and the brainchild of Standard Chartered Bank and French multinational power company Engie believes strongly that carbon credits are an invaluable tool in financing climate action and drive the transition to net zero.  Poyan Rajamand, venture lead for Qatalyst at SC Ventures, tells us more. 
15:51

NOV 4, 2024
04/11/24 - Industry Insight: Creating animal-free fat derived from nature
There is an emerging trend of innovative products being made to help boost food production without agriculture. For example, fat that is free from animal ingredients and artificial ingredients. Using precision fermentation, Australian food tech company Nourish Ingredients, a pioneer in the emerging 'animal-free' speciality fat segment has produced the world's first animal-free fat that is derived from nature. It claims this will help to accelerate the future food system by solving the biggest issues in the plant protein market around taste, nutrition, and consumer adoption. With its recent Singapore expansion, Nourish Ingredients hopes to scale up the production of its breakthrough fat.  Market intelligence research shows that the global precision fermentation ingredients market is projected to reach USD$38 billion by 2031, at a CAGR of 43.5% during the forecast period of 2024–2031. Ernest Vecilla, Head of Culinary Innovation, Nourish Ingredients shares more insights from the food tech industry.
14:07

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