Money Matters with Hongbin Jeong and Chua Tian Tian

Apparently, the famous actor doesn’t even like doing Laundry that much. So he reverted to buying the same item again and again. What could it be? Roshan Gidwani, Hongbin Jeong and Chua Tian Tian spill the tea!  Get in touch with our anchors at  rgidwani@sph.com.sg, chuatt@sph.com.sg and hongbin@sph.com.sg.   

Singapore shares were little changed this morning after previously ending higher on Federal Reserve chair Jerome Powell’s Jackson Hole comments signalling a September rate cut. In early trade, the Straits Times Index (STI) was down slightly by 0.01 per cent, to 3,395.75 points after 36.6 million securities changed hands in the broader market. In terms of developments to watch, we have Silverlake Axis. The enterprise technology company has received a voluntary unconditional offer to go private at S$0.36 per share in cash.  Alternatively, shareholders may choose to receive a combination of cash and redeemable preference shares.  Elsewhere, from a deep dive into comments by Fed officials Mary Daly and Thomas Barkin, and what big tech names like Nvidia can tell us about the longevity of the AI boom, more international and corporate headlines remain in focus.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

Today we’re going to talk about a company whose mission is to increase the GDP of – not a country or city – but the internet.  Founded in 2010, our guest Stripe is a technology company that prides itself on building the economic infrastructure for the internet.  With dual headquarters in San Francisco and Dublin, and offices dotted across major financial hubs such as London, Tokyo and Singapore, the firm assists customers from the world’s largest enterprises to budding startups in accepting payments, growing their revenue and tapping new business opportunities.  That means its suite of products and services cuts across a number of functions, from pricing, billing, checkouts, payment links, revenue recognition, to invoicing and even marketplace solutions.   The firm said over 100 industry leaders process more than US$1 billion on its platform annually, while over US$817 billion in payments were processed by businesses on the platform in 2022. In Singapore specifically, the firm works with some of the fastest growing players including Grab and Carousell. Now, why are we speaking to Stripe you might ask? Well, the internet or the digital economy is an interesting one to look at, with the digital economy in ASEAN alone widely tipped to grow to US$1 trillion by 2030.  But where are the opportunities within the broader APAC region? And more importantly, what are the complexities involved in capturing them given how fragmented the payment landscape is here? Not to throw in the cost of compliance as well? Meanwhile, the Stripe is also seeing a number of developments of late. It had in April raised US$694.2 million in a tender offer, giving the fintech player a 30 per cent higher valuation amid the cooler funding climate. The move is said to allow employees to cash out their share compensation without an IPO. But is the firm ready for an IPO anytime soon?  Meanwhile, Stripe had also in July this year acquired its competitor Lemon Squeezy. But what was the rationale behind the move? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Paul Harapin, Chief Revenue Officer, Asia Pacific & Japan, Stripe.

Athletes can appear almost superhuman. Despite tremendous pressure and the millions watching them, they stay focused, composed, and poised as they push their bodies to peak performance. To reach the highest levels of their sport, they have developed both physical and mental resilience. On That's How!, Hongbin Jeong and Roshan Gidwani dive into how sports can build mental resilience with Illyas Lee, a professional footballer in Singapore who plays as a defender for Singaporean club Hougang United FC.  Source: www.mentalaccelerator.com/resource/purpose-vision/building-mental-resilience-a-key-to-sports-success

Singaporean sisters, Hong Wei Ting and Wei Ling are revitalising their family's legacy at Fortune Food, which started as a hawker stall in Geylang, renowned for its traditional handmade popiah skin and kueh pie ti. From university graduates, these sisters ventured into a competitive (and often male-dominated) industry like F&B with a very hands-on approach to the business. On R.I.C.H., Hongbin Jeong and Roshan Gidwani speaks to Hong Wei Ting, Co-Founder, Souperstar, to share more about their story. Presented by: Hongbin Jeong and Roshan Gidwani Produced and Edited by: Alexandra Parada (alexparada@sph.com.sg) and Aaron Lam Want to get featured on our show? Drop me an email today!

You’ve probably heard the buzz: Livestream shopping is the future of e-commerce. Livestream shopping is a trend where hosts showcase and sell products live to an online audience, combining the thrill of shopping with the immediacy of live entertainment. But what’s all the hype really about? And is it just another trend or the new way to make serious money online? On Culture Club, Hongbin Jeong and Roshan Gidwani speaks to Kenneth Tan, Co-founder and CEO of BeLive Technology, to share about the live-selling craze.

On What's Trending, Liam and Noel Gallagher have reportedly hinted at an Oasis reunion, with a clip featuring the band's logo appearing on their social media accounts and the official Oasis page. The brothers, who broke up in 2009 after a backstage brawl at the Rock en Seine festival in Paris, have been urged to regroup since their breakup in 2009. Also, a 38-year-old man from Rome was arrested after being caught in the middle of a burglary, distracted by a Greek mythology book he found at the scene. The man became so engrossed in the book that he continued reading it even as the 71-year-old homeowner confronted him. Attempting to escape, the thief tried to flee via the balcony he had used to enter but was apprehended by the police.

Justin Bieber and Hailey Bieber have given birth to their first son, Jack Blues Bieber. The name has a deeper meaning as it is the middle name of Justin's father, Jeremy Bieber. The couple has grown closer over the years, and Jack's arrival also means that three generations of Bieber men share the 'JB' initials. But some celebrity baby names are pretty unusual as compared to the rest. Hongbin Jeong spills the tea.

Expensively assembled squad? Check. Huge expectations to deliver? Check. Struggling to convince us of an identity? Check. The similarities between the Lion City Sailors and Manchester United are uncanny. Why is this the case? And what should Aleksandar Rankovic & Erik ten Hag do to overcome their respective 'identity crisis' issues. Deepanraj Ganesan & Zia-ul Raushan take a deep dive on Sports Minutes! Got a story to tell? Get in touch with us! raushan@sph.com.sg

More and more people are beginning to see the value of investing in art. Appreciating fine art might be difficult to wrap your head around, but it’s easier than ever before to invest in it. On That's How, Hongbin Jeong and Roshan Gidwani dive into how you can get started.  Source: www.insights.masterworks.com/alternative-investments/art-investing/a-beginners-guide-to-investing-in-art-2/