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As any Singaporean crossing the Causeway recently may have noticed, Malaysia's currency has jumped quite a bit against the Singapore dollar lately. The ringgit hit an all-time low of 3.57 against the Singapore dollar earlier in February, but it has since improved. Can the ringgit's rebound continue? Sean Cheong speaks with Yeap Jun Rong, Market Strategist at IG, to discuss this. 

As any Singaporean crossing the Causeway recently may have noticed, Malaysia's currency has jumped quite a bit against the Singapore dollar lately. The ringgit hit an all-time low of 3.57 against the Singapore dollar earlier in February, but it has since improved. Can the ringgit's rebound continue? Sean Cheong speaks with Yeap Jun Rong, Market Strategist at IG, to discuss this.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. 

We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

The Afternoon Update with Lynlee Foo

The Afternoon Update with Lynlee Foo (1pm – 4pm)

Market View: Will Malaysia's ringgit continue to rise?

Over this year’s Singapore Grand Prix weekend, a 20 percent increase in the number of international visitors was observed, while the number of high-net-worth visitors surged by over 70%. According to data from Visa’s Formula One Travel Spending Data Report, the exciting and busy weekend drove close to 30% spending uplift. 

With several high-value tourist events happening this year besides the Singapore Grand Prix, such as concerts featuring music icons Taylor Swift, Coldplay and Bruno Mars, what is the economic significance of the international visitor influx?

Ken Wong, Head of Data Science for Asia Pacific at digital payments firm Visa, tells us more. 

Over this year’s Singapore Grand Prix weekend, a 20 percent increase in the number of international visitors was observed, while the number of high-net-worth visitors surged by over 70%. According to data from Visa’s Formula One Travel Spending Data Report, the exciting and busy weekend drove close to 30% spending uplift. 
With several high-value tourist events happening this year besides the Singapore Grand Prix, such as concerts featuring music icons Taylor Swift, Coldplay and Bruno Mars, what is the economic significance of the international visitor influx?
Ken Wong, Head of Data Science for Asia Pacific at digital payments firm Visa, tells us more.

Industry Insight:  Revving up Singapore's tourism

Japan goes to the polls on October 27. In the US, Americans will vote on their next president in a couple of weeks. 

How will elections impact both the USD and the Japanese Yen? What is the effect on the Sing dollar against these major currencies?

Yeap Junrong, Market Strategist at IG, shares his insights. 

Japan goes to the polls on October 27. In the US, Americans will vote on their next president in a couple of weeks. 
How will elections impact both the USD and the Japanese Yen? What is the effect on the Sing dollar against these major currencies?
Yeap Junrong, Market Strategist at IG, shares his insights.

Market View: How elections can shake up the currency markets

The GameStop stock craze in 2021, which was fueled by Youtuber “Roaring Kitty”, or Keith Gill signified the growing power of social media in shaping financial markets.

Indeed, social media platforms like YouTube, TikTok, and Instagram have become popular channels for Gen Z to seek financial insights. The younger digital natives prefer the immediacy and accessibility of online content over traditional face-to-face meetings with financial advisors. This has led to a rise in 'finfluencers' - online influencers who provide financial guidance and investment tips. How is this 'finfluencer' trend impacting the financial advisory industry? Will 'finfluencers' take over traditional roles in the industry?

Louis Koay, Senior Financial Services Director, PhillipCapital, weighs in. 

The GameStop stock craze in 2021, which was fueled by Youtuber “Roaring Kitty”, or Keith Gill signified the growing power of social media in shaping financial markets.
Indeed, social media platforms like YouTube, TikTok, and Instagram have become popular channels for Gen Z to seek financial insights. The younger digital natives prefer the immediacy and accessibility of online content over traditional face-to-face meetings with financial advisors. This has led to a rise in 'finfluencers' - online influencers who provide financial guidance and investment tips. How is this 'finfluencer' trend impacting the financial advisory industry? Will 'finfluencers' take over traditional roles in the industry?
Louis Koay, Senior Financial Services Director, PhillipCapital, weighs in.

Market View: Will Malaysia's ringgit continue to rise?

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