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Business

UnionPay cards issued outside mainland China, exceeds 100 million

UnionPay International announced on Thursday that the number of UnionPay cards issued outside the Chinese Mainland has exceeded 100 million. The volume of transactions made with these overseas-issued UnionPay cards has grown by over 40% during the first three quarters of this year. In some markets outside mainland China, over 90% of the transactions made with locally-issued UnionPay cards happen …

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Temasek pays US$250m for 3-yr-old Israeli cybersecurity firm when original investor only put in US$4.3m

Reuters reported yesterday (16 Oct) that Temasek Holdings is buying Israeli cybersecurity technology and services provider Sygnia. Financial details were not provided but a source with knowledge of the deal, who asked not to be named, told Reuters that Temasek is paying US$250 million. Sygnia, which has offices in Tel Aviv and New York, will maintain its operational independence while …

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What extent is the liability of a personal guarantee for business loan

There are countless reasons why SME owners would apply for a business loan. It may be because you want to take advantage of a business opportunity that rarely comes by and you have to grab that chance. You may also need emergency funds to bail you out of a potential cash flow problem. It’s also possible that your business plans …

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StarHub to retrench 300 permanent staff members as part of its restructuring programme, citing “intense” competition

Following its "strategic transformation plan," telecommunications giant StarHub has announced that it will be reducing its workforce. In a press release dated 3 Oct, StarHub reasoned that the retrenchment of some "300 full-time employees" serves as a part of its "operational efficiency programme". The "strategic review process," stated the company, aims to increase "productivity" and "speed in decision making," as …

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DBS Bank and FPAS announce first of its kind partnership to promote financial planning, CFP certification

Financial Planning Association of Singapore (FPAS), part of the global assembly of the Financial Planning Standards Board (FPSB) in the US, and DBS Bank today announced a partnership to develop training and assessment programs for more than 1,000 wealth planning managers within the bank. This is the first time FPAS is collaborating with a bank for a large-scale training programme. …

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Mediacorp star’s husband removed as CEO of POKKA International

The Chinese news media broke the news on Wed (26 Sep) that Mediacorp artist Vivian Lai's husband, Alain Ong, has been removed as CEO of POKKA International. Pokka International is the international marketing arm of POKKA. POKKA confirmed that it is indeed undergoing changes to its management team in the midst of an internal audit. The change sees Ms Rieko Shofu …

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IRENA conference to showcase centrality of off-grid renewables to energy access and sustainable development

The central role of off-grid renewable energy in achieving universal energy access and sustainable development will be under the spotlight during the fourth edition of the International Off-grid Renewable Energy Conference and Exhibition (IOREC). Registrations are now open for the two-day conference, organised in cooperation with the Alliance for Rural Electrification (ARE), that will take place on October 31 – November 1, …

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Direct selling via the live videos is about to become the new norm

In the past couple of years, there’s been an increasingly popular method of business that makes full use of the ‘live video’ feature on social media. These are usually done by small, internet-based stores. The store owner will host a live video session on Facebook, Instagram, or Youtube featuring the products they sell as a way to draw in more …

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