This is a company that you’ll come into contact with perhaps on a day to day basis. 

Make a guess - if you’re thinking along the lines of ride hailing apps - you’re on the right track! Established back in 2010, our guest is Southeast Asia’s ride hailing giant and leading on-demand platform Gojek.  

Fun fact here, the firm actually started out as a call centre focusing on courier and motorcycle ride-hailing services in the early 2010s before launching its app in January 2015 in Indonesia. 

Fast forward to today, the firm provides access to a wide range of services including transportation, food delivery and logistics, with the aim to use technology to remove life’s daily frictions. 

It now operates in markets including Indonesia, Vietnam and Singapore with over 2.5 million driver partners across the region. 

Gojek’s parent company GoTo Group reported that it turned EBITDA positive in the fourth quarter of the financial year ended 2023, even as the full year’s net loss widened by over 120%. But how far did Gojek Singapore contribute to the group’s performance? 

Also – how does Gojek Singapore assess its path to profitability in looking ahead with Q1 2024’s figures just in? 

Meanwhile, the firm recently announced a partnership with taxi operator ComfortDelGro that it will dispatch rides not taken up by drivers to each other’s platform. 

But how far will the collaboration bolster Gojek’s financials and help it increase customer retention with the shortage of drivers being a perennial issue within the industry here in Singapore? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Lien Choong Luen, General Manager, Gojek Singapore.

This is a company that you’ll come into contact with perhaps on a day to day basis. 
Make a guess - if you’re thinking along the lines of ride hailing apps - you’re on the right track! Established back in 2010, our guest is Southeast Asia’s ride hailing giant and leading on-demand platform Gojek.  
Fun fact here, the firm actually started out as a call centre focusing on courier and motorcycle ride-hailing services in the early 2010s before launching its app in January 2015 in Indonesia. 
Fast forward to today, the firm provides access to a wide range of services including transportation, food delivery and logistics, with the aim to use technology to remove life’s daily frictions. 
It now operates in markets including Indonesia, Vietnam and Singapore with over 2.5 million driver partners across the region. 
Gojek’s parent company GoTo Group reported that it turned EBITDA positive in the fourth quarter of the financial year ended 2023, even as the full year’s net loss widened by over 120%. But how far did Gojek Singapore contribute to the group’s performance? 
Also – how does Gojek Singapore assess its path to profitability in looking ahead with Q1 2024’s figures just in? 
Meanwhile, the firm recently announced a partnership with taxi operator ComfortDelGro that it will dispatch rides not taken up by drivers to each other’s platform. 
But how far will the collaboration bolster Gojek’s financials and help it increase customer retention with the shortage of drivers being a perennial issue within the industry here in Singapore? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Lien Choong Luen, General Manager, Gojek Singapore.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

Under The Radar

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Under the Radar: Gojek Singapore’s GM on driver supply crunch, path to profitability and whether players in the ride hailing industry can achieve sufficient economies of scale

Today we’re going to bring you an inside look into the B2B merchant services and fintech arm of Razer, Fiuu. 

Established back in April 2018 as Razer Fintech, Fiuu has grown to become the one of the largest O2O or Offline to Online digital payment networks in emerging markets and has processed over billions of dollars in total payment value. 

For one thing, Fiuu recorded a Total Payment Volume, or TPV of over US$6.6 billion for FY 2023, positioning it as one of the largest payment processors in Southeast Asia. 

Its business encompasses two verticals namely payment services and reload services. In terms of payment services, the firm supports global scheme cards and over 110 payment methods to power online and offline payments for global and regional blue-chip merchants in Southeast Asia. 

On the reload services front, the firm has built the region’s largest offline payment network with over 1 million physical acceptance points. This includes cash-over-counter services like the fulfilment of e-commerce purchases, bill payments and telco reloads and merchant acquiring services for third party e-wallets. 

Why are we talking to Fiuu you might ask? Well, the firm was rebranded from Razer Fintech to Fiuu in March this year to reinforce its intentions to become a leading force in the future of digital payments. 

But how far does the rebranding initiative allow the firm to move away from its gaming heritage? 

Meanwhile, a report by Google, Temasek and Bain & Company noted that digital payments now make up over 50% of transactions in Southeast East Asia. But what opportunities does this provide to Fiuu and Razer?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Limeng Lee, Executive Chairman, Fiuu, and Chief Strategy Officer, Razer.

Today we’re going to bring you an inside look into the B2B merchant services and fintech arm of Razer, Fiuu. 
Established back in April 2018 as Razer Fintech, Fiuu has grown to become the one of the largest O2O or Offline to Online digital payment networks in emerging markets and has processed over billions of dollars in total payment value. 
For one thing, Fiuu recorded a Total Payment Volume, or TPV of over US$6.6 billion for FY 2023, positioning it as one of the largest payment processors in Southeast Asia. 
Its business encompasses two verticals namely payment services and reload services. In terms of payment services, the firm supports global scheme cards and over 110 payment methods to power online and offline payments for global and regional blue-chip merchants in Southeast Asia. 
On the reload services front, the firm has built the region’s largest offline payment network with over 1 million physical acceptance points. This includes cash-over-counter services like the fulfilment of e-commerce purchases, bill payments and telco reloads and merchant acquiring services for third party e-wallets. 
Why are we talking to Fiuu you might ask? Well, the firm was rebranded from Razer Fintech to Fiuu in March this year to reinforce its intentions to become a leading force in the future of digital payments. 
But how far does the rebranding initiative allow the firm to move away from its gaming heritage? 
Meanwhile, a report by Google, Temasek and Bain &amp; Company noted that digital payments now make up over 50% of transactions in Southeast East Asia. But what opportunities does this provide to Fiuu and Razer?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Limeng Lee, Executive Chairman, Fiuu, and Chief Strategy Officer, Razer.

Under the Radar: How will Razer Fintech’s rebranding to Fiuu help it move away from its gaming heritage and be a leading force in the future of digital payments? – Its Executive Chairman Limeng Lee sheds light on the matter

Optimus Prime is in the house today as we speak to the company behind the Transformers franchise. 

Founded in 1923, our guest Hasbro actually started out selling textile remnants and pencil boxes before becoming the leading toy and game company it is today. 

Now, the firm aspires to entertain and connect generations of fans through the exhilaration of play. 

Some of the names under the company’s portfolio include Play-Doh, Monopoly, Peppa Pig, Transformers, Dungeons & Dragons, Hasbro Games as well as other premier partner brands. 

The firm had in April reported a smaller-than-expected drop in Q1 sales as leaner inventories and a steady stream of digital gaming revenue bolstered it from softer demand for toys. 

But with Grand View Research valuing the global toys and games market at US$324.7 billion in 2023 and the industry set to grow at a CAGR of 4.3% from 2024 to the end of the decade (2030), how does Hasbro assess its road ahead? Which brands will continue to drive growth?

Speaking of brands, the firm appears to be doubling down on its Monopoly brand, especially after the Monopoly Go mobile game reached US$2 billion in revenue in the first 10 months since its launch. 

For one thing, it had in April this year signed a deal with LuckyChap, the award winning production company headed by Margot Robbie to produce a motion picture movie based on the Monopoly classic board game.  

A Transformers animated movie is also set to release in September. But how far will movie production help Hasbro drive mind-share and profits looking at the success of its competitor Mattel and the Barbie movie? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Bhavesh Somaya, Senior Vice President, Asia Pacific, Hasbro.

Optimus Prime is in the house today as we speak to the company behind the Transformers franchise. 
Founded in 1923, our guest Hasbro actually started out selling textile remnants and pencil boxes before becoming the leading toy and game company it is today. 
Now, the firm aspires to entertain and connect generations of fans through the exhilaration of play. 
Some of the names under the company’s portfolio include Play-Doh, Monopoly, Peppa Pig, Transformers, Dungeons &amp; Dragons, Hasbro Games as well as other premier partner brands. 
The firm had in April reported a smaller-than-expected drop in Q1 sales as leaner inventories and a steady stream of digital gaming revenue bolstered it from softer demand for toys. 
But with Grand View Research valuing the global toys and games market at US$324.7 billion in 2023 and the industry set to grow at a CAGR of 4.3% from 2024 to the end of the decade (2030), how does Hasbro assess its road ahead? Which brands will continue to drive growth?
Speaking of brands, the firm appears to be doubling down on its Monopoly brand, especially after the Monopoly Go mobile game reached US$2 billion in revenue in the first 10 months since its launch. 
For one thing, it had in April this year signed a deal with LuckyChap, the award winning production company headed by Margot Robbie to produce a motion picture movie based on the Monopoly classic board game.  
A Transformers animated movie is also set to release in September. But how far will movie production help Hasbro drive mind-share and profits looking at the success of its competitor Mattel and the Barbie movie? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Bhavesh Somaya, Senior Vice President, Asia Pacific, Hasbro.

Under the Radar: Transformers, MONOPOLY, Play-Doh maker Hasbro on IP licensing, power brands that drive growth, money up for grabs in the movies and entertainment space

Phosphate provides a quarter of all nutrients plants need to grow and thrive. It is an essential ingredient in all fertilisers that go to support the crops we eat and use in our daily lives. 

And it is all about phosphate today as we speak to one of the world’s largest custodians and suppliers of phosphate-based fertilisers. 

Founded over a century ago in Morocco, our guest OCP Group started out as a single mine producing phosphate at Khouribga. Production started in March 1921, with exports done via the port at Casablanca done later that year. 

The company diversified over the years, moving to phosphate processing at Safi in 1965 and in Jorf Lasfar in 1984. It also became a state owned company under the Moroccan Government in 2008 and the Banque Populaire du Maroc. 

Fast forward to today, the firm’s operations now span across five continents and throughout the value chain ranging from mining, processing, manufacturing, exporting to even education and community development. Just to give you a sense of its scale, OCP now has sole access over 70% of the world’s phosphate reserves. 

Some of its products include raw materials like rock phosphate, phosphoric acid, standard and fortified fertilisers, as well as animal feed. 

Per the Moroccan World News, the firm reported revenues of 91.27 billion Moroccan Dirhams (or MAD or US$9 billion) in 2023, despite a drop in fertiliser prices. That is lower than the US$11.3 billion in the year prior. But which are the firm’s major demand markets contributing to the numbers and what is the role of Singapore in this regard?

And with poor weather conditions affecting the yield of crops like cocoa and Robusta coffee beans – what implications will this have on fertiliser makers? 

Meanwhile, the firm had in April raised US$2 billion in a dual tranche Eurobond to fund its green transition plan, but what can we expect here in Southeast Asia? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Bhavya Sehgal, General Manager, Singapore, OCP Group.

Phosphate provides a quarter of all nutrients plants need to grow and thrive. It is an essential ingredient in all fertilisers that go to support the crops we eat and use in our daily lives. 
And it is all about phosphate today as we speak to one of the world’s largest custodians and suppliers of phosphate-based fertilisers. 
Founded over a century ago in Morocco, our guest OCP Group started out as a single mine producing phosphate at Khouribga. Production started in March 1921, with exports done via the port at Casablanca done later that year. 
The company diversified over the years, moving to phosphate processing at Safi in 1965 and in Jorf Lasfar in 1984. It also became a state owned company under the Moroccan Government in 2008 and the Banque Populaire du Maroc. 
Fast forward to today, the firm’s operations now span across five continents and throughout the value chain ranging from mining, processing, manufacturing, exporting to even education and community development. Just to give you a sense of its scale, OCP now has sole access over 70% of the world’s phosphate reserves. 
Some of its products include raw materials like rock phosphate, phosphoric acid, standard and fortified fertilisers, as well as animal feed. 
Per the Moroccan World News, the firm reported revenues of 91.27 billion Moroccan Dirhams (or MAD or US$9 billion) in 2023, despite a drop in fertiliser prices. That is lower than the US$11.3 billion in the year prior. But which are the firm’s major demand markets contributing to the numbers and what is the role of Singapore in this regard?
And with poor weather conditions affecting the yield of crops like cocoa and Robusta coffee beans – what implications will this have on fertiliser makers? 
Meanwhile, the firm had in April raised US$2 billion in a dual tranche Eurobond to fund its green transition plan, but what can we expect here in Southeast Asia? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Bhavya Sehgal, General Manager, Singapore, OCP Group.

Under the Radar: Gojek Singapore’s GM on driver supply crunch, path to profitability and whether players in the ride hailing industry can achieve sufficient economies of scale

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