BT Money Hacks

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. In this 104th episode of Money Hacks, correspondent Howie Lim speaks to Morgan Terigi, CEO and co-founder of Incomlend about how cash-strapped SMEs can access diversified sources of working capital, especially during these challenging times. Highlights of the conversation: SMEs’ lack of access to working capital as Government support schemes ease (1:15) Why SMEs should consider non-recourse financing options, though it’s riskier for lenders (4:00) Other alternative and suitable financing options for SMEs (7:26) How ESG can be an accelerator for an SME’s growth (11:27) Produced by: Howie Lim, Ernest Luis and Lee Kim Siang Edited by: Howie Lim Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOM --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's 103rd episode explores whether it’s ever too late to start planning for retirement and what you can do if you’re 60 and haven’t. Correspondent Howie Lim speaks with Jay Phua, Financial Services Director at Great Eastern. Highlights of the conversation: The common misconceptions surrounding retirement planning (1:49) Is it too late for a 60-year old to start planning for retirement? (4:55) Is reducing equity exposure when nearing retirement a good idea? (8:05) Unique hurdles to financial planning women face (9:51) Survey results: Biggest regrets when retirement planning according to respondents (11:43) Produced by: Howie Lim and Ernest Luis Edited by: Howie Lim Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOM --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode helps you understand the reasons behind the changing regulatory climate in China and how to act on them while taking fewer risks, brought to you by OCBC Securities: www.iocbc.com BT's digital editor Chris Lim hosts Lim Yuin, chief investment strategist from Lion Global Investors, and Darren Tan, head of fixed income, Structured Products and ETFs at OCBC Securities. They explain the following: Why the Chinese market could surpass the US by 2026; Alibaba v Amazon an example of Chinese growth potential (1:00) Sectors to monitor for long-term potential despite Chinese regulatory tweaks (3:02) Know common key barriers for Singapore-based investors when it comes to Chinese investments; overcome them safely and easily (3:52) How investors can avoid common pitfalls with easy-to-use basket options such as the Lion-OCBC Securities China Leaders ETF (5:58) Main pros and cons of DIY investing at one extreme vs simply buying an ETF at the other extreme? (8:24) How geographic diversification can strengthen a Singapore-based investor's portfolio (9:52)  Lion-OCBC Securities China Leaders ETF: www.iocbc.com/chinaleaders OCBC Securities: www.iocbc.com Lion Global Investors: https://www.lionglobalinvestors.com/en/index.html Produced by: Chris Lim & Ernest LuisEdited by: Hadyu RahimFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. An investor should read the prospectus that can be attained from www.iocbc.com before deciding whether to subscribe for or purchase units in the ETF. This advertisement has not been reviewed by the Monetary Authority of Singapore. --- Discover more BT podcast series: BT Mark To Market Podcast at: http://bt.sg/btmark2mkt WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM --- For more on personal finance, go to: https://bt.sg/moneyplaybook #BTPodcastSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's 101st episode explores whether there are too many financial advisers in Singapore and if we actually need them. Is it possible to take care of your own financial planning?  Correspondent Howie Lim speaks with Wayne Chen, founder and CEO of GoalsMapper, a financial planning software that combines technology with the experience of financial consultants. Highlights of the conversation: The implications of too many financial advisers (2:30) If it’s possible to do your own financial planning (3:35) What a DIY plan looks like (6:30) The need for more ethical, upstanding and trustworthy financial advisers (8:36) How technology can aid the financial planning process (10:55) Produced by: Howie Lim (howielim@sph.com.sg), Ernest Luis & Fa'izah Sani Edited by: Hadyu Rahim and Howie Lim Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOM --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's monumental 100th episode looks at the importance of investing the extra cash you have, instead of saving too much. You could actually lose money if you just allow it to do nothing. BT's digital editor Chris Lim and his new co-host - correspondent Howie Lim - speak with David Kuo, co-founder of The Smart Investor. Chris and some listeners also tell us what they learnt from crucial episodes along the way to this 100th episode of Money Hacks. Highlights of the conversation: Chris talks about his favourite Money Hacks episodes (1:58) Start investing now! Lose money if you do nothing and leave your cash idle (4:47) The Rule of 100 and the Rule of 72 in relation to risk aversion (7:42) Low interest rate environment is another reason you should invest (9:25) Your age - more than how much you earn - should dictate how much you invest (11:20) Establish your goal in a proper investing plan and not treat it as a hobby (13:37) Produced by: Chris Lim (limchris@sph.com.sg), Howie Lim (howielim@sph.com.sg) & Ernest Luis Edited by: Hadyu Rahim and Howie Lim Read: Saving too much for rainy day can dampen retirement:  https://www.businesstimes.com.sg/banking-finance/money-playbook/saving-too-much-for-rainy-day-can-dampen-retirement Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOM --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how many people have set up a part-time business, or side-hustle, especially amid the disruption and uncertainty caused by the Covid-19 pandemic. Understand how to turn your side hustle into a money-making ESG (Environmental, Social, and Governance) business in this episode, brought to you by Withers KhattarWong: https://www.withersworldwide.com/en-gb/ BT's digital editor Chris Lim hosts Helga Angelina, entrepreneur and founder of Burgreens and Green Rebel, in Indonesia. She explains the following: How her health issues gave her an idea to start her businesses after graduating from college (1:40) Challenges to start a healthy food business in Indonesia as there was initially no mainstream society understanding of plant-based diets there (3:12) Why market education on healthy eating lifestyle, collaborations and invitations by key opinion leaders to public talks, makes a difference (5:00) Step-by-step guide to convert your passion project or beliefs into a real business idea and ESG-driven model (7:40) Find a co-founder who shares the same mission and values (9:17) Advice for budding ESG women entrepreneurs (10:17) Withers Worldwide: https://bit.ly/3xiTFo0 Produced by: Chris Lim & Ernest LuisEdited by: Adam Azlee and Hadyu RahimFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at what it takes to start a crypto or blockchain-based business. Understand the foundational technology of crypto in this episode, which is brought to you by Withers KhattarWong: https://www.withersworldwide.com/en-gb/ BT's digital editor Chris Lim hosts Pang Xue Kai, co-founder of Tokocrypto, a cryptocurrency exchange based in Indonesia. He explains the following: What were the key challenges when starting a cryptocurrency exchange? (1:12) Key challenges faced when starting Tokocrypto in Indonesia, and common challenges overseas (2:10) Being compliant or even overly compliant, to legitimise a crypto exchange and make it mainstream with formative legal regulations (2:42) Key factors you need to know to start a crypto or blockchain-based business in emerging markets (5:05) Relating better to the local people of that market: In Indonesia, how showing that cryptocurrencies has characteristics similar to "digital gold" worked (5:38)  Six steps of advice for listeners looking to start a cryptocurrency exchange or crypto-based business (7:35) Withers Worldwide: https://bit.ly/3xiTFo0 Produced by: Chris Lim and Ernest LuisEdited by: Adam Azlee and Hadyu RahimFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how fees can quickly multiply and hurt the bottom-line when businesses deal in multiple currencies via traditional payment rails. Find out why and how multi-currency wallets - for businesses - are one way around it, in this episode brought to you by HSBC: https://www.business.hsbc.com.sg/ BT's digital editor Chris Lim hosts Winnie Yap, managing director and head of Global Liquidity and Cash Management Singapore at HSBC. She explains the following: What are the costs that SMEs face when making cross-border payments by transacting in multiple currencies through traditional payment rails? (1:00) What is a multi-currency wallet for businesses, such as the HSBC Global Wallet, and how can it save time and money? (1:29) Addressing SMEs' concerns about foreign exchange rates (3:05) Does the HSBC Global Wallet work like virtual consumer wallets such as GrabPay? (3:52) What are the risks to businesses that don't embrace new payment options such as multi-currency wallets? (5:52)  A step-by-step guide for SME businesses to get started with multi-currency wallets if they want to save time and money (9:05) HSBC Global Wallet: https://www.business.hsbc.com.sg/globalwallet HSBC Business Banking for SMEs: https://www.business.hsbc.com.sg/hsbc-sme-business-banking HSBC Commercial Banking for Singapore: https://www.business.hsbc.com.sg Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how disability insurance and long-term care aren’t on the radar of many. Find out why this should be on your must-do list during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following: Can you ever be too young to worry about disability insurance (1:48) What is a "living" benefit, and why this is key if you have a longer runway of potential needs (2:52) Many young people suffer disabilities caused by accidents and unforeseen circumstances (3:15) Calculating long-term care costs in Singapore (5:50)  How a 30-year-old can use CPF Medisave to pay for premiums up to $600 a year, including a yearly cash top-up for higher monthly payout benefits (6:47) Great Eastern: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html Great Eastern’s Live Lifeproof with GREAT CareShield: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/health-insurance/great-careshield/disability-support.html Great Eastern’s Disability Coverage Calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/disability-income.html Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode covers insurance, a risk management fundamental you need to sort out before considering more advanced money hacks. Find out why critical illness insurance is more crucial than ever during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following: What is critical illness insurance and where it sits in your insurance portfolio (0:44) Understanding the latest multi-pay critical illness plan (3:12) How such a plan can continue to cover you even after you suffer from your first critical illness (4:50) Ensuring continued critical coverage given that illnesses are happening at a younger age (8:30) The percentage top-up premium needed to ensure continued multi-pay critical illness coverage (9:35) Great Eastern’s Live #Lifeproof: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html Great Eastern’s Great Life Advantage with add-on critical illness coverage: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/life-insurance/great-life-advantage.html Great Eastern’s Critical Illness Cover calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/critical-illness-cover.html Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.