If this year has taught us anything, it is that life is uncertain. Through this lens, I have started to abandon some conservative personal finance principles. This summer, I went against the adage of “staying the course” with retirement and sold some stocks. I also bought a house in what can be considered a risky environment. To date, I have […]
Read moreInternational risk assessment firm Fitch Solutions has advised clients that Jacinda Ardern will serve a second term as New Zealand Prime Minister. But the report, headlined “Second Term Likely In The Bag For Prime Minister Ardern In New Zealand” suggests Ardern’s “star-quality has faded” in this campaign. “We expect her centre-left Labour Party to secure another comfortable majority,” the Fitch […]
Read moreOCBC has been named the best managed bank during the Covid-19 crisis at this year’s Asian Banker Leadership Achievement Awards. Chief executive Samuel Tsien also won the Leadership Achievement Award for best Covid-19 response in Singapore. The Asian Banker said yesterday that OCBC had rolled out various relief measures for customers, including deferring loan repayments. The bank extended moratorium relief […]
Read moreThe Business Roundtable, a group of chief executives of major U.S. companies, announced on Thursday initiatives meant to advance racial equity and justice and to reduce the “economic opportunity gap in communities of color.” The group said it hoped to: Give $1 billion to community lending institutions, which provide funds for Black households and small businesses, by 2025. Give $600 […]
Read moreSINGAPORE (BLOOMBERG) – Tencent Holdings has chosen a co-working space for its first office in Singapore, joining other Chinese tech giants in using the city state for a launching pad into the rest of Asia. The WeChat owner will have almost 200 seats at JustCo’s co-working space in OCBC Centre East at Raffles Place, according to people familiar with the […]
Read moreJ.C. Penney is mediating with a group of first-lien lenders and landlords Simon Property Group and Brookfield Property, to push forward their negotiations for a planned sale that would keep the retailer in business. The mediation is taking place before U.S. Bankruptcy Judge Marvin Isgur in Texas, after the parties agreed to the process to try to resolve issues, according […]
Read moreThe airline has to figure out which planes to stash in the desert and which ones to park at airports without knowing when demand will recover. A United Airlines plane undergoes inspection at O’Hare International Airport in Chicago before it is cleared for flight. The airline is trying to predict where travelers will fly, a challenge in the best of […]
Read moreNEW YORK (Reuters) – Will loan losses from the coronavirus recession get worse, much worse or extremely worse over the next six-to-12 months? All of the above, bank executives said this week.Slideshow ( 2 images )In reporting third-quarter results, CEOs and finance chiefs at the five biggest U.S. lenders gave a muddled picture of what to expect. Economic conditions improved […]
Read moreNEW YORK (Reuters) – Will loan losses from the coronavirus recession get worse, much worse or extremely worse over the next six-to-12 months? All of the above, bank executives said this week.Slideshow ( 2 images )In reporting third-quarter results, CEOs and finance chiefs at the five biggest U.S. lenders gave a muddled picture of what to expect. Economic conditions improved […]
Read moreStarting a cleaning firm might not have been uppermost on the minds of many businessmen a while back, but entrepreneur Alvin Tan is now reaping the rewards as the Covid-19 outbreak sparks a huge demand for such services and products. Mr Tan, the founder and managing director of Sureclean, is seeing the payoff from investing in the business over the […]
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