The Evening Runway with Hongbin Jeong and Chua Tian Tian

Stamps, parcels and postage fees - that’s right - we are putting the spotlight on the postal and parcel industry today.  In particular, we’re going to be looking at Singapore Post, which has seen a number of developments of late. The company is raising postage rates for postage, package delivery and doorstep parcel delivery this year as a result of the Goods and Services Tax hike as well as other inflationary cost increases.  On the investment front, SingPost will dilute and potentially sell its stake in Chinese e-commerce provider, Shenzhen 4PX Information and Technology,  Yet at the same time, the firm also expects to eventually acquire the whole of Freight Management Holdings, a leading 4th party logistics service company in Australia, to tap the fast growing market there.  What are the reasons behind the rebalancing of its portfolio and the adjustment of prices, and really, what’s next for SingPost?  On Under the Radar, Drive Time’s Finance Presenter Chua Tian Tian posed these questions to Lee Eng Keat, Head, Strategy & Programs Office at SingPost.

In this edition of Budget Day 2023 Reactive Panel Discussion, MONEY FM's Drive Time team speak to Alvin Liew, Senior Economist, UOB, Harvey Koenig, Partner, Energy & Natural Resources, Telecommunications, Media & Technology, Tax, KPMG in Singapore and Eugene Tan, Associate Professor of Law, Singapore Management University. 

From Malaysia Prime Minister Anwar Ibrahim saying he has no plans to implement GST in the country to Thailand imposing a $12 entry fee for foreign travellers from June as tourism booms. Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International gives his analysis of those headlines and more. 

Singapore shares slid in early trade today following gains in US and Europe markets.   The Straits Times Index fell 0.1 per cent to 3,376.24 points in early trade after 47.7 million securities changed hands.  Some notable names seeing developments today included inflight caterer and ground handler Sats (S58).  The company reported a net profit of S$500,000 for the third quarter to December, reversing two consecutive quarters of losses, as aviation recovery continues. How significant is it for the company to swing into the black after earlier losses? Aside from that, Singaporeans are also keeping a close eye on the announcements made during Deputy Prime Minister and Finance Minister Lawrence Wong’s Budget 2023 speech., as well as their effect on households and businesses. But to what extent have these influenced the STI’s performance today?  On Market View, the Drive Time team posed these questions to Matthias Chan, Head of Research at SAC Capital. 

Singapore shares open in the green today reversing last week’s loss streak. The benchmark Straits Times Index gained 0.4 per cent to 3,375.41 points in early trade after 55.8 million securities changed hands. Some companies to watch today include Singapore’s largest lender DBS, which saw a 69 per cent year-on-year rise in net profit to a record S$2.3 billion for its fourth quarter ended Dec 31, 2022. But to what extent have higher interest rates boosted results and what’s the outlook ahead as interest rates around the world begin to level? Another company we’re tracking is Thomson Medical, after it reported an 82.6 per cent year-on-year jump in net profit to S$22.8 million in the half year ended Dec 31. But why is this the case? To what extent will the opening of borders boost medical tourism here in Singapore this year? On Market View, Drive Time’s finance presenter Chua Tian Tian posed these questions to  David Kuo, Co-founder, The Smart Investor.

In a Facebook post, Deputy Prime Minister Lawrence Wong has said that the Budget’s theme will be “moving forward in a new era”, and will set out how Singapore will secure its prospects in a troubled world. But as we move away from Covid-19, what can this Budget do to help businesses cope with the ever evolving business landscape? Yong Jiahao, Partner, IGH & Manufacturing, Tax, KPMG in Singapore shares KPMG's recommendations on measures that can be introduced for enterprises to cope with evolving business landscape

Today we discuss the importance of a particular sport itself vs entertainment value and what we look out for when attending a major sports event. 

Are you looking to invest in a property overseas? Maybe somewhere in the United Kingdom? Here's an outlook for the property market in the UK this year.  On Culture Club, Drive Time's Elliot Danker and Timothy Go also speak with Emma Cariaga, Joint Head of Canada Water and Head of Residential, British Land to find out “Why London” for Singapore investors who are looking for opportunities out of Asia post-pandemic. The team also finds out more about Canada Water, one of the largest and most sustainable London projects. 

Ever wondered who are the ones keeping our work desks clean and tidy when we return to work on a Monday morning? Well, today we’re going to look at how facility management companies position themselves in a market that is set to reach around US$121 billion globally by 2030.  This is also an exciting time for the industry, as it tries to convince clients on the need to automate and reduce reliance on manual labour amid an ongoing manpower shortage.  But how successful are players in gaining industry buy-in, and what are facility management companies doing to move workers to higher value roles with automation? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian spoke with Gina Toh, CEO of ISS Facility Services, Singapore for more.

Have you been more cautious with how much you spend on your groceries or online shopping for example amidst rising prices?  To help counter this, Lazada, is paving the way for sellers and consumers to navigate and combat rising costs.  Loh Wee Lee, CEO, Lazada Singapore shares with us his observations on consumer shopping behaviour amidst rising prices and the initiatives Lazada have developed to help consumers save on purchases and delivery.