Under The Radar

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.

  1. 6d ago

    Under the Radar: (SPECIALS) Why is Burger King, Popeyes and Tim Hortons’ parent Restaurant Brands International expanding aggressively in APAC right now?

    What comes to mind when you think of the phrase “flamed-grilled” burgers, or even to “have it your way”?  For over seven decades, Burger King built its identity around its freshly flame-grilled burgers and the iconic Whopper. But behind that familiar bite, is a giant food empire altogether.  The brand is part of Restaurant Brands International, a company formed in 2014 following the merger of Burger King and coffee chain Tim Hortons.  Today, the Toronto headquartered company owns four of the world’s most prominent fast food chains, namely Burger King, Tim Hortons, Popeyes and Firehouse Subs. It is more notably one of the world’s largest quick service restaurant companies with nearly US$49 billion in annual system-wide sales generated across over 33,000 restaurants in more than 120 countries and territories.  Restaurant Brands International is a company to look at not just because of the sheer scale of its operations, but also because of its recent efforts to rejuvenate APAC business in the past three years.  In late October 2022, Restaurant Brands International’s subsidiary PLK Apac appointed Fei Siong Group to run the Popeyes fried chicken chain in Singapore after working with Malaysian restaurant operator Revenue Valley for over a decade.  The firm also launched the Popeye’s brand in Indonesia and South Korea that same year, and announced a nationwide expansion in China the following year. Then came the year 2023, where its coffee brand Tim Hortons entered the Singapore market, and made a plan to open over 150 outlets in South Korea in five years.  But perhaps what’s even more exciting was a move by Restaurant Brands International to buy Burger King China back from Turkish restaurant franchise operator TFI and global private equity firm Cartesian in 2025.  Later that year, the company announced a joint venture with Chinese alternative asset manager CPE to reimagine the next phase of growth for Burger King, with the aim to expand the burger chain’s footprint from roughly 1,250 outlets to over 4,000 by 2035.  So why is the firm aggressively expanding in Asia right now?  On Under the Radar, finance presenter Chua Tian Tian posed these questions to Daphne Kuah, Chief Commercial Officer, Restaurant Brands International APAC. See omnystudio.com/listener for privacy information.

    Under the Radar: (SPECIALS) Why is Burger King, Popeyes and Tim Hortons’ parent Restaurant Brands International expanding aggressively in APAC right now?
  2. Sep 23

    Under the Radar: (SPECIALS) On the Go in Tokyo and Seoul — How is Levi’s capturing the hearts of its next generation consumers through its pop-ups featuring K-pop icon ROSE? It’s CMO and CCO explain.

    It’s all about how an apparel maker is redefining that pair of jeans you’re wearing today.  Finance presenter Chua Tian Tian was away for the past week attending “Levi’s Women Experience FOR EVERY ORIGINAL” series of pop-up events in Tokyo and Seoul.  The pop-up experiences aim to celebrate the women who continue to redefine originality today, and is part of Levi’s ongoing efforts to drive growth among female shoppers, a demographic it sees great promise in.  And at the heart of the campaign is the company’s global brand ambassador ROSE from K-pop girl group Blackpink, whose authenticity, creativity and self-expression Levi said embody the spirit of a modern female Original. ROSE made a special appearance at the pop-up in Tokyo prior to its opening. And in this “On the Go” Special episode of Under the Radar, Tian Tian shares what happened at the pop-ups she visited, including one with a media photo call with ROSE. She also spoke with Kenny Mitchell, Chief Marketing Officer; Gianluca Flore, Chief Commercial Officer; and Vicky Skelton, Managing Director for East Asia Pacific at Levi Strauss & Co.  on how the firm is internalising consumer trends across markets, and utilising cultural moments, brand ambassadors, pop-culture as well as its heritage to capture the hearts of the next generation of female denim wearers. See omnystudio.com/listener for privacy information.

    Under the Radar: (SPECIALS) On the Go in Tokyo and Seoul — How is Levi’s capturing the hearts of its next generation consumers through its pop-ups featuring K-pop icon ROSE? It’s CMO and CCO explain.
  3. Sep 21

    Under the Radar: What should we know about Hongkong Land’s strategic shift besides capital recycling efforts? Its CEO tells us all.

    Today we’re going to take you through a company that spent over a century building some of Asia’s most recognisable commercial properties, from the skyscrapers in Marina Bay Singapore to those in Hong Kong’s Central financial district and even the West Bund in Shanghai. With its origins dating back to 1889 in Hong Kong, our guest for today Hongkong Land is a major listed property development, investment and management group.  The company, owned by Hong Kong conglomerate Jardine Matheson, has a primary listing on the London Stock Exchange and secondary listings in Singapore and Bermuda. The firm develops, owns and manages premium and ultra-premium mixed-used real estate in Asian gateway cities, ranging from Grade A office, luxury retail, residential and hospitality products with assets under management coming in at over US$50 billion. Hongkong Land is a company that we want to speak to given how it is now embarking on what’s perhaps one of the biggest strategic changes in its history.  Instead of growing primarily by owning and developing properties on its own, Hongkong Land now wants to focus on investing in ultra-premium commercial properties in Asia’s gateway cities while recycling capital from assets that no longer fit into its strategy. All while bringing in third-party capital to recycle assets and fund growth. In a series of moves to better align the firm with its new strategy, Hongkong Land stopped investing in its build-to-sell segment while recycling capital from the business into new, high-quality integrated commercial property opportunities to drive long-term value creation. More importantly, the firm launched its inaugural private real estate fund called the Singapore Central Private Real Estate Fund or the SCPREF. The fund had an initial portfolio assets under management of S$8.2 billion and seeks to focus on ultra-premium integrated commercial properties in Singapore.  But what was the one reason that led to the strategy shift right now? Is the firm simply reshaping its portfolio or do the moves fundamentally change the economics of the business? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Michael Smith, Group Chief Executive, Hongkong Land Holdings. See omnystudio.com/listener for privacy information.

    Under the Radar: What should we know about Hongkong Land’s strategic shift besides capital recycling efforts? Its CEO tells us all.
  4. Sep 7

    Under the Radar: How is MongoDB positioning itself for the next phase of enterprise computing?

    For decades, software applications were built around a relatively straightforward premise. Businesses stored information in structured tables, rows and columns neatly organised inside relational databases. But the internet has changed everything, with modern applications now expected to process vast amounts of structured and unstructured data, scale across millions of users and integrate with hundreds of services. Not to mention that they’re also increasingly being used to power artificial intelligence.  What this means is that traditional databases that bound information by parameters in rows and columns are now struggling to keep pace.  This change has given rise to a new generation of database platforms such as MongoDB that aims to help developers build modern applications faster.  Instead of storing data in rows and columns, MongoDB stores them like documents, making it easy to model data the same way the application code uses it. This allows developers to change their data model quickly and also handle non-uniform data.  Today, MongoDB serves over 67,000 customers across almost every industry, and counts about 75 per cent of Fortune 100 firms under its belt. Other notable clients include L’Oreal, Wells Fargo, Cathay Pacific Airways and Novo Nordisk. The Nasdaq-listed company had also in May 2026 reported better-than-expected first quarter results for fiscal 2027 first quarter. MongoDB also raised its full-year fiscal 2027 guidance for revenue to a range of US$2.92 billion to US$2.96 billion. But what are the key drivers for the firm at this point in time? And turning our attention to the Asia Pacific region, how are organisations across the region modernising their application stack? Where is demand coming from and how is MongoDB positioning itself for the next phase of enterprise computing? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Thorsten Walther, Managing Director, CXO Advisory Asia at MongoDB. See omnystudio.com/listener for privacy information.

    Under the Radar: How is MongoDB positioning itself for the next phase of enterprise computing?
  5. Aug 31

    Under the Radar: (SPECIALS) Why is the “next China” still China? Chairman of McKinsey Greater China explains.

    In January 2023, at the World Economic Forum in Davos, several dozen Asia-focused CEOs and senior executives of the world’s largest companies gathered for a private dinner.  The executives had commanded operations employing tens of thousands of people, with their supply chains spanning dozens of cities from Shanghai to London and Abu Dhabi.  They had invested heavily in, and also reaped the benefits of China’s rise over the past two decades. But yet for the first time in memory, the mood was different. The conversation didn’t centre around growth targets or market expansion, but instead, it was about whether their China strategies worked at all.  It was about how China is navigating geopolitical tensions, economic uncertainty, the ongoing housing market downturn and rapid technological change.  And with that comes the big question. “What’s the next China?” How should companies diversify or hedge against China?  Well, according to the host of that private dinner, Joe Ngai, Chairman, McKinsey Greater China, the next China, is still China. He details why in his new book “The Next China is still China”, co-written with Nick Leung, McKinsey Global Institute Director and Senior Partner in Hong Kong. In this “In the Community” Special episode of Under the Radar, finance presenter Chua Tian Tian sat down with Joe Ngai, Chairman, McKinsey Greater China for more. They also discussed how companies can redesign their strategies to sell to China going forward. See omnystudio.com/listener for privacy information.

    Under the Radar: (SPECIALS) Why is the “next China” still China? Chairman of McKinsey Greater China explains.
  6. Aug 24

    Under the Radar: How will artificial intelligence augment the growth trajectory of digital transformation player Temus? Its CEO explains.

    Digital transformation has become one of the defining priorities for organisations over the past decade.  What began as a push to digitalise customer touchpoints has since evolved into a broader effort to rethink business models, modernise legacy technology, strengthen cybersecurity and more recently, harness the power of artificial intelligence to improve productivity and create new sources of growth.  And today, we’re going to revisit a company whose role in digital transformation has never been more important.  Set up by global investment firm Temasek in 2021, our guest Temus works with government agencies and public institutions to enhance digital services, improve citizen experiences and drive national-scale transformation in line with Singapore’s Smart Nation vision to create a more connected, intelligent and efficient society.  For instance, Temus teamed up with the Singapore Department of Statistics to design and deliver the SingStat Mobile App to enable fast access to official statistics. It also worked with a national education authority to reimagine Special Education experiences for students, parents, and staff alike through comprehensive service design. On the private sector front, the company works with businesses to innovate, scale and thrive amid the ever-changing business environment, by helping them adopt what it calls human-centered digital solutions that drive real business outcomes. And more things are brewing for Temus than before. In October 2025, the firm inked three new strategic collaborations with the Infocomm Media Development Authority in Singapore, as well as with insuretech player Peak3 and third-party AI assurance provider Resaro to accelerate AI transformation across Singapore.  Fast forward to May 2026, it’s also launched an AI Foundry to expand Singapore’s AI talent base and strengthen production-grade AI delivery for enterprises.  But what should we know about the moves by Temus to position itself as a transformation partner of choice for both the public and private sectors in Singapore? How will AI augment its growth trajectory? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Sng Ren Yeong, CEO, Temus. See omnystudio.com/listener for privacy information.

    Under the Radar: How will artificial intelligence augment the growth trajectory of digital transformation player Temus? Its CEO explains.
  7. Aug 17

    Under the Radar: (SPECIALS) What are the long-term consumption trends bolstering white label chocolate giant Barry Callebaut? Its President for the AMEA region spills the cocoa beans.

    When you unwrap your favourite chocolate bar from one of your favourite brands, do you know who actually makes the chocolate?  You’d be surprised to find out that it may not be the company whose name appears on the wrapper.  In fact, some of the world’s biggest confectionery brands like Nestle, Mondelez and Hershey rely on specialist manufacturers, or so-called white label producers, who’re often working quietly behind the scenes.  Our guest for today is one of the largest – Barry Callebaut. The company’s roots can be traced back to over a century ago in 1911, when Octaaf Callebaut, the grandson of a brewer in the small Belgian town of Wiez secretly worked on his first chocolate recipe.  His secrets of chocolate making would go on to be passed from one generation to another, who learned the craft from their predecessors who still make chocolate with all of their senses. Fast forward to today, Barry Callebaut is a world leading provider of high quality chocolate experiences across the full spectrum of chocolate, cocoa, cacao coatings and non-cocoa alternatives, and is involved from the sourcing and processing of cocoa beans to the crafting of premium chocolates, fillings and decorations.  With over 60 production facilities worldwide, Barry Callebaut serves the entire food industry from large-scale food manufacturers to artisanal and professional users such as chocolatiers, pastry chefs and restaurants.  Barry Callebaut is a company that we want to zoom in on given how it is a gauge of global chocolate demand following a period of record cocoa prices. That’s particularly so with concerns surrounding a strong El Nino weather pattern in the coming months.  To this end, the firm had in July 2026 reported that third quarter sales volumes rose for the first time in two years, and also forecast a smaller full-year volume decline than earlier expected.  So what’s bolstering demand and how does the firm intend to mitigate headwinds from seasonal weather patterns? What are the longer term consumption trends that will support Barry Callebaut’s business looking ahead? Speaking of the longer term, the firm also opened its Callebaut Global Innovation Center in Singapore to accelerate innovation and transformation across the chocolate and cocoa industry.  But what is the strategic role played by its operations in Singapore and how important will the new innovation center be in positioning the firm for future growth? On Under the Radar, finance presenter Chua Tian Tian posed these questions to Vamsi Mohan Thati, President of AMEA (Asia Pacific, Middle East and Africa) at Barry Callebaut Group. See omnystudio.com/listener for privacy information.

    Under the Radar: (SPECIALS) What are the long-term consumption trends bolstering white label chocolate giant Barry Callebaut? Its President for the AMEA region spills the cocoa beans.

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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.

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