January 22, 2021

Whether you need money to help with your new business, to purchase equipment, obtain a supply of cash to keep up with ongoing expenses, etc., you can always apply for a business line of credit. I’ve found my top tier direct sales business to be more profitable than my financial planning business, and it’s been easier and more fun to build, without the headaches and hassles of the financial planning industry. If you are running a business, then you might be aware of the financial losses, risks, and any other type of hazard that may harm your business. Business insurance is a type of insurance that provides coverage to the company against any damage such as natural calamities, thefts, income loss, employees’ sickness, death or injuries, any type of judicial proceedings, and sabotage. These events may cause severe regression in your ongoing business deals and may lead to huge losses. … Read the rest

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It beat even the Covid-19-induced lockdown worldwide with places far apart as Hong Kong and Australia letting it stay on track, albeit without the ‘human’ element milling around. For once it seemed that horses were luckier than humans and could run amuck without a virus pulling them down. That in parts can be attributed to a history as old as humans themselves.

Horseracing. Ancient Greeks had their slaves participate in it when Gladiatorial sports either seemed a tad too boring or when there were none left with the animals having devoured them all. The sands and heat of Egypt did not deter the Pharos from trying their hands (mostly of their slaves!) at horse-racing. Rome, Babylon, and Syria, they all did it, and enjoyed doing it immensely. Yes, that’s how old horse-racing has been. If archaeologists are to be believed, it began almost from the time that humans first Read the rest

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The Philippines’ dollar reserves reached a new all-time high as of end-2020, the central bank said on Friday.

GROSS international reserves (GIR) — which shield the country from liquidity shocks — stood at $109.8 billion as of end-December, up 4.8% from $104.8-billion level as of end-November and 25% higher than the $87.839 billion a year earlier.

“This buffer is equivalent to 11.7 months’ worth of imports of goods and payments of services and primary income, the Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday.

“It is also about 9.6 times the country’s short-term external debt based on original maturity and 5.5 times based on residual maturity,” it added.

The BSP said the increase was supported by inflows from the central bank’s foreign exchange operation, revaluation gains from its gold holdings, and proceeds from the national government’s global bonds.

These gains were partially offset by foreign currency debt … Read the rest

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Sales at Halfords shifted up a gear in the last quarter of 2020 as the bikes-to-car parts retailer rode a lockdown cycling boom.

Its shares jumped by almost 8 per cent, or 22p, to 299½p after it said that its sales had increased 11.5 per cent in the three months to January 1.

However, the company warned that bike sales were likely to be lower in the next three months of bad weather.

It added that it was still deciding whether to repay the government’s furlough money and would “provide an update when the Covid-19 situation becomes clearer”.

Halfords said that there had been a 35.4 per cent rise in like-for-like cycling sales, below the 49 per cent like-for-like growth in bike sales for the overall financial year so far. “Lockdowns weakened demand and supply chain disruption delayed stock arriving into the business,” it said.

Like-for-like sales of motoring products … Read the rest

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In 2014, a group of university students in Beijing founded Ofo, a bike-sharing startup that let customers scan QR codes to rent bikes for short rides around cities, picking up and dropping off the bikes wherever they wished.

The convenience and ease of dockless bike shares spawned competing startups like Mobike and Bluegogo, with each brand distinguished by the bright colors of its bicycles. The bikes became ubiquitous on the streets and sidewalks of China’s biggest cities, and the startups attracted billions in investments, turning founders like Dai Wei, the CEO of Ofo, into celebrity entrepreneurs.

But four years later, at least five Chinese bike-share startups had gone bankrupt, and a Chinese court revealed in June 2019 that Ofo, the sector’s pioneer that was once valued at more than $2 billion, had “basically no assets” and was unable to pay the significant debts it owed to suppliers and customers.

Subscribe Read the rest

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It never fails. If a product or service is seasonal it means that the majority of the sales occur at one or a few times a year. Tax accountants obviously have increased sales when the end of the financial year occurs and tax returns and other government reporting are required. Understanding market seasonality factors can lead to your small business maximizing sales through this period and also may highlight opportunities to spread your sales throughout the year. The small tasks involved in starting a new business can often times add up to become a seemingly overwhelming process when looked at in their entirety. It is important to remember that most of these tasks really are small, and looking at them as such makes things seem a lot easier. In this article I will focus on what I looked at in my situation in order to setup my business banking accounts. … Read the rest

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Life is full of unexpected surprises. When you are faced with emergency expenses like car repairs, medical expenses, or major home repairs you may not always have enough money in your savings to cover the costs. If you need help securing money quickly, you may be interested in an emergency loan.

When it comes to financing emergency expenses, you have a few different lending options. What loan options are available to you depends on your credit history and how much money you need. We will go over some of the most common options for emergency loans and the advantages and disadvantages of each. Be sure to calculate your costs, weigh your options, and thoroughly research your lenders before making a decision.

The Top 5 Emergency Loan Types

Payday Loans

Payday loans are a common short-term loan option. If you commit to a payday loan, a lender will loan you a … Read the rest

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SEOUL – Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone.

Analysts have said offering a stylus within the Galaxy S21 series might signal the South Korean tech giant will merge the S line with its other premium smartphone range, the Note, already equipped with a note-taking stylus. That could free up resources for Samsung to push its separate range high-end foldable phones as key mass products rather than niche devices.

Samsung is also looking to grab market share after China’s Huawei Technologies was hit with U.S. sanctions that restricted its supply and hurt sales, analysts have said.

An early Galaxy S21 launch is a likely tactic to capitalise on Huawei’s woes, said Counterpoint Research analyst Sujeong Lim. New … Read the rest

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A large London plumbing firm plans to rewrite all of its workers’ contracts to require them to be vaccinated against coronavirus.

Pimlico Plumbers chairman Charlie Mullins said it was “a no-brainer” that workers should get the jab.

If they do not want to comply with the policy, it will be decided on a case-by-case basis whether they are kept on, he said.

Employment lawyers said the plan carried risks for the business.

The NHS is seeking to vaccinate 15 million people from priority groups by mid-February as part of efforts to try to control the spread of Covid-19.

But, Business Matters columnist Mullins, said he was prepared to pay for private immunisations for people at the firm, should they become available, which would be done on the company’s time.

Doctors have warned that key hospital services in England are in crisis, with reports of hospitals cancelling urgent operations after … Read the rest

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Good afternoon, readers.

Say you walk into a hospital or other COVID vaccine distribution site. You qualify to get one because you’re a priority group under local regulations, and there are enough available doses around for you to get one. Which one would you actually receive?

The Food and Drug Administration (FDA) has already granted emergency authorization to two of them, one from Pfizer and its German partner BioNTech and the other from Moderna. But you’re unlikely to know which one of those you’ll be getting.

This pandemic has had a unifying theme: Triage. You get the resources to who needs them most. You allocate such resources accordingly. That was the case with coronavirus testing at the start of the outbreak. Now it’s the case for one of the most complex immunization campaigns in history.

While the Pfizer and Moderna vaccines share scientific roots, they’re still very different … Read the rest

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