Mon, Nov 30, 2020 – 11:58 AM
A SET of best practices for commodity financing was rolled out on Monday, the first such code for the industry in Singapore. This comes after the city-state’s reputation as a trusted hub for this lending segment has taken a hit of late.
The code was launched by the Association of Banks in Singapore (ABS), with the support of the Monetary Authority of Singapore (MAS), Enterprise Singapore (ESG) and the Accounting and Corporate Regulatory Authority (Acra).
The ABS Code of Best Practices for Commodity Financing lays out key principles governing prudent commodity trade financing
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Tony Hsieh, who became a frequently quoted and studied management guru by offering free shipping of shoes and persuading millions of people to buy them online at Zappos.com Inc., died Friday at the age of 46.
Mr. Hsieh died from injuries he sustained in a house fire on Nov. 18 in New London, Conn., said his attorney Puoy Premsrirut.
UOB has secured more than S$3 billion of foreign direct investment (FDI) into Vietnam in alliance with Vietnam’s Foreign Investment Agency (FIA) and is facilitating an additional pipeline of more than S$1.5 billion under an expanded Memorandum of Understanding (MOU) with FIA,…
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People look at jewelry at Macy’s Herald Square during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020.
Eduardo Munoz | Reuters
Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and avoided stores during the coronavirus pandemic, according to preliminary data from Adobe Analytics.
As of late Friday, online sales were on pace to amount to between $8.9 billion and $9.6 billion, an increase of between 20% and 29% from last year, depending on how many shoppers make purchases late
THEY gather unloved in jars and under cushions, unearthed only when laundry needs doing. They rattle in coat pockets, music to some ears and a nuisance to others. They sink into fountains and lurk in wells, a fortune in wishes but a nightmare to sort and count.
Coins are everywhere until they’re nowhere, and at the moment they’re hard to find. By upending normal habits, the pandemic has dropped them out of circulation and accelerated a trend towards cards, apps and other cashless payments that could eventually make coins obsolete. China has plans for a digital currency, and the US
Walt Disney Co. plans to lay off a total of 32,000 employees by March, the company said, a further reduction in its workforce that comes as the pandemic hits the entertainment company’s theme-park businesses especially hard.
The number of layoffs is about 4,000 more employees than the 28,000 job cuts announced in September. Most of the job losses will come in the company’s theme-park ranks, where thousands of workers have already been furloughed or laid off.