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Business Times - 06 Sep 2008
SingPost warns of higher fees
SINGAPORE Post has warned of a potential increase in its net terminal dues payments for international mailing. This comes after it was announced at the recent 24th Universal Postal Union (UPU) Congress in Geneva, Switzerland, that Singapore would be reclassified as a Target Country (previously known as 'Industrialised Country') from the current category of Net Contributor Country for the purpose of terminal dues settlement. The change will take effect from Jan 1, 2010.
Terminal dues refer to settlements for the processing and delivery of international mail between countries. Singapore will have to apply the relevant terminal dues system from 2010 to 2013 and contribute to the UPU Quality of Service Fund. The group foresees an increase in its net terminal dues payments for international mailing as the dues payable by target countries are generally higher.
(LONDON) More than two million Britons who are in permanent employment are at the same time trying to turn their favourite hobby into a business, according to a new survey released yesterday.
Commissioned by Direct Line for Business, the poll also found that for 23 per cent of Britons it would be a dream come true to start up their own business based on an outside interest. Of those who have already made the jump to self-employment, 32 per cent described it as a successful venture, and more than 25 per cent said they were making good money from the business.
The survey listed the most successful hobby-based businesses as fashion design, eBay selling, buy-to-let property development and web design. -- Reuters
Copyright © 2007
Singapore Press Holdings Ltd. All rights reserved.Oh yeah, I too would like to turn my interest into business. But the problem is I can't identify one that will make money.
I wonder what is the number be like for Singapore....
Realizing that many of its wealthy clients lack the time or patience to deal with their personal finances, Amsterdam-based private bank Insinger de Beaufort launched a new service that takes finances back to the basics: a shoebox.
After sitting down with their private banker to discuss financial planning, Insinger's clients are sent a big shoebox by courier every month. They drop anything admin-related into the box: bills to be paid, bank statements, receipts, tax returns, speeding tickets, insurance documents, etc. At the end of the month, Insinger sends a courier to pick up the box, and then processes its contents.
Clients are sent a complete overview of actions and transactions within three business days, after which the bank takes care of the entire follow-up process, including paying bills, filing tax returns and processing business expenses.
Every quarter, clients are sent a financial report, detailing spending categories, asset growth, etc, and once a year, they meet with their private banker to evaluate new developments and adjust their financial planning as needed. Sensing a gap in the market, Insinger de Beaufort offers its shoebox service to clients at other banks, too. The concept is of course entirely focused on convenience, saving (valuable) clients the time and hassle of dealing with the minutiae of their personal finances. While other banks provide their high-end clients with similar add-on services, the shoebox approach is undeniably elegant in its no-tech simplicity.
'The fact is that longer holding periods allow for larger gains, shorter holding
periods for smaller gains. This is consistent with the fact that real estate is
a long-term investment. Investors with short exit time frames should look for
alternative instruments,' said......