Posts by Stephanie Irvin
UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut
[SINGAPORE] UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from May 1, the maximum interest rate will be cut to 3.3 per cent per annum on the first S$150,000, down from 4 per cent. This is the second year in a…
Read MoreHo Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
[SINGAPORE] Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer AVJennings. This comes after AVJennings accepted a competing binding offer. In January, Ho Bee Land – which indirectly holds a 5.49 per cent stake in AVJennings – launched a non-binding…
Read MoreBuffett’s Berkshire Hathaway mandates banks for yen bond deal
WARREN Buffett’s Berkshire Hathaway is planning to sell yen bonds in the global markets, after the billionaire revealed that the firm is looking to increase ownership in Japan’s five main trading houses. The US conglomerate, which has been a regular issuer of yen bonds since it first tapped the market in 2019, mandated BofA Securities…
Read MoreKeppel Infrastructure Trust to buy 46.7% stake in subsea cable firm Global Marine for US$90.6 million
[SINGAPORE] Keppel Infrastructure Trust (KIT) will be acquiring about 46.7 per cent stake in Global Marine Group (GMG), a leading subsea cable solutions provider for about US$90.6 million, its manager announced on Tuesday (Apr 1). The stake will be acquired from Keppel Infrastructure Fund (KIF), KIT’s trustee-manager, which previously held 100 per cent interest in…
Read MoreCordlife served two letters of demand from customers; any settlement likely to hit group’s finances
One group of clients seeking damages under contract breach, negligence; the other wants warranties and cost compensation [SINGAPORE] Cordlife received two letters of demand on Mar 28, with regard to prior claims alleging loss and damage from cord blood units storage. The clients, whose cord blood units are stored with Cordlife, fall under two categories.…
Read MoreBusiness Collateral: What Banks Really Want
When you’re looking to secure a business loan, one of the most important things to consider is collateral. Collateral can be a game changer, helping you get better loan terms and even higher amounts. But not all collateral is created equal. Understanding the different business collateral types and what banks really want can help you…
Read MorePerformance Pay: Motivation or Manipulation?
Performance based pay is a hot topic in many workplaces today. Some believe it boosts motivation, while others argue it can lead to manipulation. This article explores the ins and outs of performance based pay, its advantages and disadvantages, and how to find a balance that works for everyone involved. Key Takeaways Performance based…
Read MoreThis Rochester-Based Clinic Is Helping Men Take Control of Their Health
Before founding the Adult Health NP of WNY, Igor Gorchakov moved to the United States from Ukraine at age seven. He grew up relying on the church’s help, but knew that when he grew up, he wanted to give back, so he studied to become a nurse practitioner. He succeeded, but as he worked at…
Read MoreHow to Resolve Co-Founder Conflict & Avoid Startup Failure
Unfortunately, startup failures are all too common. Entrepreneurs who want to enter the startup market face multiple hardships, such as running out of money and being unable to raise more capital, a lack of need, market saturation, poor product design, and even legal difficulties. But what happens when you have the right product, the right…
Read MoreDigital Payment Revolution: Keep Up or Get Left Behind
Digital payment systems are reshaping the way we handle transactions today. With the rapid growth of technology and changing consumer habits, businesses must adapt to keep pace. The pandemic only accelerated this shift, making it clear that those who don’t embrace these changes risk falling behind. This article explores the rise of digital payments, the…
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