
Singapore Tonight - Mon 16 Jun 2025
47:49 Min
Singapore Tonight
From business to politics, health to technology, we bring you up-to-date with the latest news on Singapore and analyze how these events may affect you tomorrow.
Singapore Tonight
About the show:
From business to politics, health to technology, we bring you up-to-date with the latest news on Singapore and analyze how these events may affect you tomorrow.

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Money Talks - When to get the best exchange rates for foreign currencies
Money Talks Play If the US dollar weakens against the Singdollar, should you buy it even if you're not traveling to the US anytime soon? And what happens if the rate drops drastically? In this week's Money Talks episode, Khoon Goh, head of Asia research for ANZ gives a run down the basics of currency exchange.


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an hour ago
- CNA
Money Talks Podcast: When to get the best exchange rates for foreign currencies
If the US dollar weakens against the Singdollar, should you buy it even if you're not traveling to the US anytime soon? And what happens if the rate drops drastically? In this week's Money Talks episode, Khoon Goh, head of Asia research for ANZ gives a run down the basics of currency exchange. Here is an excerpt from the conversation: Andrea Heng, host: One of our guests in a previous Money Talks episode told us that when he saw the Japanese yen dropping, he immediately went and changed a large sum of money and kept it in his multi-currency app. What are the pros and cons of doing this? Khoon Goh, head of Asia research for ANZ: It makes sense to look at a very favourable rate, particularly if a trip is coming up, and you know you're going to utilise that. So it makes sense to convert ... But the downside is that potentially that rate could get even better. Secondly, in terms of these multi-currency wallets, bear in mind you're not actually earning any interest when you convert into it. If you still retain your Sing dollars in your savings account, at least you're earning something, not much, but at least something. So there is that opportunity cost of lost interest that has to be borne. It's not going to be a large amount obviously, but it's really around the potential for the rates getting better. So if you're converting, say, the whole amount, then you're missing out on any potential better rates. But on the other hand, it could also revert, and therefore in my mind, let's not have any regrets, because whatever rate that you are changing is obviously a rate that you're happy with, and you're going to spend that amount anyway. Andrea: But that's the thing, right? I've always often wondered, when do you know it's a good time to change? Is it when everyone goes: 'Hey, the US dollar has come down. I think better change now.' Or is there something that we can refer to as a gauge? Khoon: There's a lot of things that affect currency movements, but if you're already committed, or you've already made a decision to travel or go on a holiday to a certain destination, then even a two to five per cent currency move is not going to be material.


CNA
2 hours ago
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SoftBank seeks to raise $4.9 billion in T-Mobile share sale, Bloomberg News reports
Japan's SoftBank Group Corp is looking to raise nearly $4.9 billion in an unregistered overnight block sale of T-Mobile shares, Bloomberg News reported on Monday. SoftBank is offering to sell 21.5 million shares for $224 to $228 each, Bloomberg said, citing the deal terms. Bank of America Corp is working on the deal. The sale represents a discount of more than 3 per cent to T-Mobile's closing price of $230.99 on Monday, and the stake offered would represent about 1.9 per cent of T-Mobile's outstanding shares, Reuters calculations showed. In May, the Japanese technology investment group reported a 1.15 trillion yen ($7.94 billion) profit for the year ended March, compared with a loss of 227.6 billion yen a year earlier. SoftBank's approach of investing in high-growth technology companies is epitomized by the success of its investment in Chinese e-commerce leader Alibaba Group as well as the bankruptcy of U.S. office-space startup WeWork. ($1 = 144.7500 yen)