Money Matters with Hongbin Jeong and Chua Tian Tian

In Tom Hanks’s new movie, Here, he’s seen as a teenager again. Should older actors be using technology to look younger or should the parts be given to up and coming actors?  Roshan Gidwani and Hongbin Jeong spill the tea!  Get in touch with our anchors at  rgidwani@sph.com.sg, chuatt@sph.com.sg and hongbin@sph.com.sg.  

The Kampung Buangkok futsal team is set to make history as the first Singaporean futsal team to compete in an overseas league. The team will compete in the Brunei Futsal League 2024, which is expected to kick off in August 2024. Impressed? Wait, there's more! Their participation will be completely self-funded and is expected to cost approximately SGD$90,000. So why are this team putting their money where their mouth is, hoping to "showcase the potential of futsal in Singapore and inspire others to take up the sport"? We speak to Luis Lim, team captain and Kenneth Kwang, team goalkeeper & spokesperson, to find out! Got a story to tell? Get in touch with us! raushan@sph.com.sg

Singapore equities maintained their strong uptrend this morning after global equities ended mixed overnight. In early trade, the Straits Times Index (STI) climbed 1 per cent to 3,401.7 points after 36.9 million securities changed hands in the broader market. In terms of developments to watch, we have  Keppel, after it merged two indirect wholly owned subsidiaries, Keppel Fund Management and Keppel Capital Alternative Asset, to streamline the company’s organisational structure.  Elsewhere, from Fed Chair Jerome Powell’s comments on inflation at a forum on central banking to Chinese services activity growth hitting a 8-month low – more international headlines remain in focus.  Also in store – how the trio of local banks continued their rising trajectory after setting fresh records in the previous session.  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.

Pop diva Celine Dion, American country music singer Nate Smith, and Korean girl group Blackpink’s Lisa. They have all worked with the company we’re going to talk to for today, in one capacity or another.  With a footprint spanning across 100 countries, our guest Sony Music Entertainment, an American music recording company owned by the Sony Music Group.  The company prides itself as sitting at the intersection of music, entertainment and technology, bringing imagination and expertise to the newest products, platforms, embracing new business models and breakthrough tools as it helps artists push through creative boundaries and reach new audiences.  It supports a diverse roster of international superstars, developing and independent artists and visionary creators, and is said to be one of the big three recording labels in the world as of last year.  According to data from Statista, Sony Corporation's music segment revenue for 2023 stood at a whopping US$10.35 billion, up from the US$9.15 billion seen in FY2022.  But to what extent is this driven by Sony Music Entertainment, and how far have markets in Southeast Asia, and in particular Singapore, Malaysia and Vietnam contributed to the numbers?  Which are the key trends to watch in the music industry and which will be the key markets that will lead the pop culture in ASEAN? How will changing patterns in music consumption augment the power dynamics between record companies and streaming players, and increasingly, social media platforms? And what value does Singapore bring to record labels with the country being the hotspot for live music events with global acts by international names such as Tate Mcrae and Laufey?  Plus – what is Sony Music Entertainment's stance towards the use of artificial intelligence in music creation? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Kenny Ong, Managing Director for Malaysia, Vietnam and Singapore and Special Projects Southeast Asia, Sony Music Entertainment.

Traditionally, art collecting has been associated with older, affluent individuals, but millennials are rapidly embracing art as an alternative investment. So, what is driving this shift? What are they collecting? And how can aspiring collectors get started?  Kim Tay, Co-Founder, and Gallery Director of The Artling explains. The Artling is an international Art and Design consultancy and online gallery focused on highlighting the best of contemporary art and design. The Artling offers consultancy services to both private and corporate clients, working with private collectors and with interior designers, architects and property developers. Presented by: Hongbin Jeong and Roshan Gidwani Feature produced and edited by: Nadiah Koh  Do you have a story to tell on The Evening Runway show? Contact nadkoh@sph.com.sg

Houbii Spot is an adventure park located within the Singapore Zoo, designed for thrill-seekers and adventurers of all ages. Known for its expansive and challenging rope courses, Houbii Spot features a variety of obstacles that test physical prowess and agility. The park recently doubled its size, adding even more exciting elements, including the new "Tarzan" obstacle, which allows participants to glide across platforms using their own momentum. On Culture Club, Hongbin Jeong and Roshan Gidwani speaks to Bruno Wauters, Co-Founder and CEO, Houbii Spot, to find out more about this new thrill-seeking adventure. Presented by: Hongbin Jeong and Roshan Gidwani Produced and Edited by: Alexandra Parada (alexparada@sph.com.sg) Want to get featured on our show? Drop me an email today!

On What's Trending, Jeff Bezos, the CEO of Amazon, owner of Blue Origin, and a billionaire investor, prioritises his day to ensure adequate sleep and rest. In a video shared on social media, Bezos shares his morning routine, including finishing high IQ meetings before lunch and getting eight hours of sleep. Also, Cup Noodles, the world's first instant noodles brand, is introducing a new flavour called "Cup Noodles Campfire S'mores." This limited-edition offering combines microwavable noodles with a sauce-based flavour blend of chocolate, marshmallow, and graham crackers, along with additional mini marshmallows.

Singapore shares were pulled into positive territory today, tracking overnight gains in US and Europe markets. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,344.94 points after 44.1 million securities changed hands in the broader market. In terms of companies to watch, we have UMS, after the semiconductor company acquired 2.2 hectares or about 235,000 square feet of leasehold industrial land in Penang, Malaysia, for RM15.2 million (S$4.5 million).  Elsewhere from more on how Hong Kong-listed Chinese property companies surged today to a rebound for tech titans Apple, Nvidia and Microsoft – more corporate and international headlines remain in focus.  Also on deck – what to watch when it comes to Nike, Lululemon, Roaring Kitty and Chewy. On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Thomas Chua, Founder, Steady Compounding.

Myka Stauffer, a YouTube star wanted to lower her expenses when it came to her adopted child. Instead of paying for higher therapy sessions, she vlogged that she would prefer the cheaper ones. All this was done whilst she had a Cartier bracelet on. Was she being too honest? Where do her priorities lie?  Roshan Gidwani and Hongbin Jeong spill the tea!  Get in touch with our anchors at rgidwani@sph.com.sg, chuatt@sph.com.sg and hongbin@sph.com.sg.   

There are many reasons why people decide to become their own boss. Some just fall into it, others decide to jump the corporate ship, and then there are those who do it to survive. William Chin, went from having $70 left in the bank to spearheading Mummys Market, the largest baby fair in Southeast Asia. William Chin, Founder of Mummys Market sits down with The Evening Runway to share how he successfully transformed his life and the lessons he learnt along the way.  Presented by: Hongbin Jeong and Roshan Gidwani Feature produced and edited by: Nadiah Koh  Do you have a story to tell on The Evening Runway show? Contact nadkoh@sph.com.sg