ECONOMY | Staff Reporter, Singapore

Daily Briefing: Hyundai's future in Asia still bleak with Grab deal; Singapore to host WTA Finals one last time

And here's how you can use the weak US dollar to your advantage.

From Forbes:

Hyundai-Kia may be the world’s third-largest automaker, but they’re lagging in Southeast Asia. The South Korean automaker’s market share in Southeast Asia is just 3.6%, according to IHS Markit. Meanwhile, Japanese automakers have claimed 80% of the market for the past three decades.

That’s a serious issue for the automaker — but it’s also an opportunity. As I reported last month, Hyundai had poor sales in 2017. Global sales sunk by 6%, U.S. sales by 18% and sales in China, the world’s largest auto market, dropped by an alarming 40%.

Read more here.

From MoneySmart:

Even if you never leave the house, you can’t escape the USA’s influence on our daily lives, from that episode of Rick and Morty you just watched on your computer and the article shared by your Facebook network about Donald Trump’s latest gaffe to… the plethora of online shopping websites which charge in USD.

So before the SGD’s strength wanes, knock yourself out and shop online.

Even if you’re more of a Scrooge than a shopaholic, you might be happy to know that there are quite a few products that cost less on US sites than in Singapore.

Here are some sites to shop at while the SGD is high.

Read more here.

From AFP News via Yahoo! Finance:

Singapore will host the elite WTA Finals for the last time in 2018, organisers said Wednesday, ending the season-ending tournament's run in the city-state.

The $7m event, which Singapore took over from Istanbul in 2014, sees the top eight female players battle it out for the Billie Jean King trophy, and is part a busy end-of-year schedule focused on Asia.

Event organiser Lagardere Sports confirmed the decision Wednesday in a joint statement with the country's tourism authorities and the national sports agency.

Read more here.

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