The Afternoon Update with Lynlee Foo

China's yuan has rallied since the beginning of 2023, as the country eases its COVID-19 control measures and reopens its borders. Meanwhile, the US dollar continues to slide to new lows. Can we continue to see a boost in the Chinese yuan for the rest of the year? And could the era of the King dollar ever return? On Money in the Market, Lim Jun Kit, strategist at Phillip Nova, joins us to tell us more. 

Singapore’s real estate market has remained a bright spot globally, amid growing macroeconomic headwinds. But while continuous rise in inflation and recession concerns have cast a shadow over global real estate markets, could Singapore’s property market continue to stay resilient? And for those looking to sell or buy a new home - is the market still hot? On Money in the Market,Hongbin Jeong speaks to Audrey Siek, Show Host and Producer at Ohmyhome to find out more.

Turnaround hopes for Asian equities are growing after a near $5 trillion wipeout in valuation. Some investors are betting that some of the biggest bugbears of last year will evolve into tailwinds for 2023, while others even expect Asia to outperform the US. On Money in the Market, Hongbin Jeong speaks to Ishika Mookerjee, deputy team leader for Asia stocks at Bloomberg News to find out more on the path of Asian stocks. 

Ms Adeline Goh, Manager, Diploma in Hospitality & Tourism Management Ms. Joanna Tan, Senior Academic Mentor, School of Business at Temasek Polytechnic share their outlook for the job market and new initiatives by Temasek Polytechnic to help students prepare for the working world.

Web 3.0 is a new generation of internet platforms created using blockchain technology and decentralised networks. These platforms can be a variety of things, including currency exchanges, storage facilities, developer tools, and games. The Web 3.0 space is expected to witness significant growth over the next few years. On Money in the Market, Haoyu Yin, General Manager at Greaterheat joins us to tell us more about the investment opportunities that lies in Web 3.0. 

As clouds of a global recession are forecast to loom over 2023 - economists are predicting a less than sunny forecast for the labour market in comparison to 2022.  To help you navigate a potential career storm - and to share with us top tips to kick start your dream career Rachel Kelly spoke with Adrian Choo, CEO/Founder Career Agility as well as Dan Koh, Producer, Money FM 89.3 who shared about his career journey.

Chinese shares are off to a strong start in 2023, putting behind a dismal year as signs of the second largest economy are turning friendlier to both the outside world and its own entrepreneurs. Chinese market is looking like an investor darling again, as optimism about the eventual benefits of the abrupt end to Covid curbs outweighs concerns over the short-term pain. So can Chinese equities continue this momentum for the rest of the year? And what stocks are set to benefit the most out of the reopening rally? On Money in the Market, finance producer Hongbin Jeong speaks to Nirgunan Tiruchelvam, Head of Consumer and Internet at Alētheia Capital to find out more.

Did you know there’s an alternative investment that you can actually taste? Well, that’s the case of fine wine investments. PhillipCapital has recently announced that it has issued the company’s first Digital En Primeur Wine-Based Token, providing an attractive alternative investment opportunity to cater to the needs of modern-day investors. To find out more about these wine tokens, finance producer Hongbin Jeong speaks to Luke Lim, Managing Director of Phillip Securities and Willie Chang, Chief Operating Officer at Alta.  Highlights:  01:00 - What is the Digital En Primeur Wine-Based Token? 01:43 - Is there a big market for those who want to invest in fine wine? 03:36 - How can investors invest in these fine wines?  04:17 - Why do fine wines make interesting investment assets?  07:19 - Expectations for wine investments for the year ahead

Savills Singapore recently announced the sale of shopping mall Ming Arcade at a record-breaking price. Setting a new price benchmark in Singapore, this exceeds the previous price record that Hong Kong-listed Shun Tak Holdings paid for Park House en bloc sale site in 2018. On Money in the Market, finance producer Hongbin Jeong speaks to the man who brokered the deal - Jeremy Lake, Managing Director of Capital Markets & Investment Sales at Savills Singapore, to find out more.

As we come closer to the end of the year, how have REITs performed? What were some of the trends we saw when it came to investing in REITs? And what can we expect for the year ahead? And what type of REITs should investors look out for next year? On Money in the Market, finance producer Hongbin Jeong speaks to Vijay Natarajan, Analyst at RHB Group and Rachel Tan, Property, REITs and Healthcare Analyst at DBS Group Research to find out more.