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.

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)

Industry Insight:  Revving up Singapore's tourism

In Southeast Asia, streaming entertainment is mostly consumed via smartphones by users heavily reliant on their mobile devices. This means most businesses would stand to gain from using software designed with the smartphone in mind. To that end, industry players like Agora, a pioneer and leader in real-time engagement technology, are looking into mobile-first and AI-enhanced communication solutions.

What sort of innovations can we expect?

For more about their work, Lawrence Wu, Head of (Internet of Things)IoT Industry,and Effie Pang, Director of Sales, share more about their rapidly expanding video streaming and AI-driven communications software services that are mobile oriented for a more positive user experience. 

In Southeast Asia, streaming entertainment is mostly consumed via smartphones by users heavily reliant on their mobile devices. This means most businesses would stand to gain from using software designed with the smartphone in mind. To that end, industry players like Agora, a pioneer and leader in real-time engagement technology, are looking into mobile-first and AI-enhanced communication solutions.
What sort of innovations can we expect?
For more about their work, Lawrence Wu, Head of (Internet of Things)IoT Industry, and Effie Pang, Director of Sales, share more about their rapidly expanding video streaming and AI-driven communications software services that are mobile oriented for a more positive user experience.

Industry Insight: Emerging trends in real-time communication in the AI landscape

Nvidia reported Q3 earnings today (20 Nov) and results suggest that Nvidia is continuing to grow quickly while demand for its powerful artificial intelligence chips remains high.

However, the reported number of a 94% year-on-year surge in revenue for the third quarter to $35.08 billion is still a consecutive slowdown from the previous three quarters. 

In terms of price action, shares fell 2% in extended trading, from $145 a share to $142. The Options market expected moves of about 10%.  

Isaac Lim, Chief Market Strategist, at online investment platform, Moomoo Singapore, discussed this price action and the possible implications of the consecutive revenue slowdowns, and where Nvidia is headed in 2025.

Nvidia reported Q3 earnings today (20 Nov) and results suggest that Nvidia is continuing to grow quickly while demand for its powerful artificial intelligence chips remains high.
However, the reported number of a 94% year-on-year surge in revenue for the third quarter to $35.08 billion is still a consecutive slowdown from the previous three quarters. 
In terms of price action, shares fell 2% in extended trading, from $145 a share to $142. The Options market expected moves of about 10%.  
Isaac Lim, Chief Market Strategist, at online investment platform, Moomoo Singapore, discussed this price action and the possible implications of the consecutive revenue slowdowns, and where Nvidia is headed in 2025.

Market View: Why Nvidia's stock is down on strong Q3 earnings

The industrial real estate market in Vietnam has experienced a dramatic increase in foreign direct investment over the past two decades. As the country continues its transformative phase attracting a new wave of high-value investments, what are the factors that are shaping Vietnam’s industrial sector and contributing to its success, especially in the growth of new technology sectors such as data centres and electric vehicles? What do investors need to know about Vietnam's evolution into a major manufacturing, logistics, and digital hub in Southeast Asia? More importantly, how will Trump 2.0 impact the outlook for the country's industrial real estate? 

John Campbell, Director, Head of Industrial Services, Savills Vietnam, who is based in Ho Chi Minh city, shares his perspectives. 

The industrial real estate market in Vietnam has experienced a dramatic increase in foreign direct investment over the past two decades. As the country continues its transformative phase attracting a new wave of high-value investments, what are the factors that are shaping Vietnam’s industrial sector and contributing to its success, especially in the growth of new technology sectors such as data centres and electric vehicles? What do investors need to know about Vietnam's evolution into a major manufacturing, logistics, and digital hub in Southeast Asia? More importantly, how will Trump 2.0 impact the outlook for the country's industrial real estate? 
John Campbell, Director, Head of Industrial Services, Savills Vietnam, who is based in Ho Chi Minh city, shares his perspectives.

Industry Insight: Revving up Singapore's tourism

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