The Evening Runway with Hongbin Jeong and Chua Tian Tian

Singapore shares were pulled into negative territory today after US and Europe stocks both ended lower overnight. The Straits Times Index fell 0.01 per cent in early trade to 3,385.58 points after 25 million securities changed hands. Engineering and technology group Boustead Singapore made the headlines today. The group is making a voluntary unconditional general cash offer to take its real estate subsidiary, Boustead Projects, private. Question is - can we expect more of such moves in the new year? Elsewhere,  US Treasury Secretary Janet Yellen said last night that the US can avoid a recession with unemployment at a 53-year low. Is a strong labour market reading an indication that the Fed can achieve a soft landing? And what can we expect when Fed Chair Jerome Powell speaks later tonight? On Market View, the Drive Time team posed these questions to Jeremy Tan, CIO, Tiger Brokers (Singapore).

ChatGPT is a newly released application from OpenAI, is giving users amazing answers to questions, and many of them are amazingly wrong. But is this app spell AI for good or bad? Gregory Francis, CEO, Access Partnership shares his views. 

If you’ve been searching the skies for air travel recently, you have probably been struck by the sky-high flight prices you’re seeing. But, travellers in the region can expect soaring airfares to dip in 2023 as airlines gear up to meet the strong demand for air travel, according to industry players. So, will flight prices go up or down in 2023 according to experts? And how much will you be paying for a ticket? In The Spotlight, Drive Time's Elliot Danker and Timothy Go speak with Brendan Sobie, Independent Analyst and Consultant, Sobie Aviation for the travel trends they're looking out for in the coming months. 

Supply chain snarls and high inflation have weighed on economies around the world for much of the past year, especially with China sticking to its strict zero-COVID strategy.  But how have things changed as China reopens for business in 2023 and the country puts the Lunar New Year holiday behind it? What are the key trends within the logistics and supply chain industry and how are players grappling with high inflation? Today we speak with the world’s largest contract logistics provider, GXO Logistics to find out how they view the supply chain landscape, as well as their business strategy ahead.  The company also recently held its Investor Day conference not too long ago, where it expects to triple its adjusted EBITDA or earnings before interests, taxes, depreciation and amortisation, between 2021 and 2027. But what will the company need to do to achieve this? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Mark Manduca, Chief Investment Officer at GXO for more. 

From China’s reaction to the US shooting down a Chinese balloon that has supposedly veered off course to China’s growing mutual political trust with Russia.  Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International gives us an analysis of those headlines and more. 

Singapore shares barely moved in early trade today following mixed activity in US and Europe markets.   Some notable names seeing developments today included shipbuilding company Sembcorp Marine. It had reported an improvement in net debt to equity ratio from 0.53 times as at end September 2022 to 0.26 times as at end-2022. But what does this mean for Sembmarine, which is working towards a merger with Keppel O&M? In terms of new listings, the operator of Yew Kee Duck Rice and bubble tea brand Chicha San Chen’s Singapore franchise, YKGI kicked off its trading debut today. But how has the company fared so far?  Elsewhere, the US labour market added over half a million jobs in January, defying market expectations. But what’s next for the US economy? On Market View, the Drive Time team posed these questions to David Kuo, Co-founder, The Smart Investor.

Have you ever thought about taking time off just to catch up on work? Or perhaps, you have done so more than you think. This is 'leavism', and it’s workplace culture that you need to leave behind in 2023.  But why does 'leavism' happen? How bad is it for the workplace? And how can we break the habit? On Culture Club, Drive Time's Elliot Danker and Timothy Go dive into this phenomenon with Dr Aaron Ng Yi Kai, Singapore Institute of Technology, where he teaches in the Digital Communications and Interactive Media programme.

We’ll give you an inside look into a Swiss private bank founded in not 1996, but 1796!  With 358 billion Swiss Francs worth of total client assets, we’ll find out how Lombard Odier positions itself amid changing demands from private clients such as high net worth individuals.  Apparently private clients are getting increasingly worried about market volatility and the negative impact on portfolio performance amid rising inflation and a recession on the horizon. Lombard Odier spoke with over 450 high net worth individuals across Asia Pacific and over two thirds of high-net worth individuals in APAC have acted decisively to realign their portfolios. But what role do banks play in this regard? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian spoke with Stephane Monier, Chief Investment Officer at Lombard Odier for more. 

data.ai’s latest 'State of Mobile' report has identified macro-trends for leading brands and publishers and what success looks like for mature apps across gaming, fintech, retail, social, video streaming. So what are these macro-trends and how will these trends mold the marketing scene moving forward? David Kim, Managing Director for APAC, data.aishares more. 

Chinese surveillance balloons over the US weren't something many of us had in our 2023 bingo cards, but the US military has shot down a Chinese high-altitude balloon after it drifted off the East Coast near the Carolinas. US officials say the balloon was being used for surveillance, while China insists it was a civilian research vessel. What does this mean for US-China relations? And with US President Joe Biden's State of the Union address 2023 just around the corner, will China be an uninvited guest on Tuesday night? On Washington Report, Drive Time's Elliot Danker and Timothy Go speak with Trisha Craig, Vice President (Engagement) and Senior Lecturer of Social Sciences (Sociology and Political Science), Yale-NUS College to unpack the latest developments out of the US.