SINGAPORE: When Chocolate Finance discovered that some customers were “gaming” its miles reward system by making big payments on AXS machines, the financial services platform decided to “nip it in the bud”. This led to “a lot of unhappiness that such a lucrative benefit was suddenly cut short”, founder and CEO Walter de Oude said on
SINGAPORE: Chocolate Finance has temporarily suspended instant fund withdrawals due to “high demand”, it said in a notice to customers on Monday (Mar 10). The financial services platform said that withdrawals will now take three to 10 working days before they are reflected in users’ bank accounts. Such withdrawal requests also cannot be cancelled once
Maya Inayat Ismail — Chair, HBL Microfinance Bank and HBL Sustainability Committee (left) and Maria Smith – Chief Impact Officer, BII (right) sign agreement. — HBL/BII A $75 million finance facility was announced on Monday by British International Investment (BII), the UK’s development finance institution and impact investor, with Habib Bank Limited (HBL). “The new
The Cyprus Housing Finance Corporation (HFC) is set to proceed with the sale of non-performing loans (NPLs) worth €57 million from its total portfolio of €270 million, according to statements made before the House Finance Committee on Monday. The announcement was made by HFC director general Christoforos Kaplanis during discussions on the organisation’s 2025 budget.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The animal spirits unleashed by Donald Trump’s re-election were supposed to spur a flood of US dealmaking. Instead, Wall Street’s finest have been sitting on their hands while volatile equity markets and escalating trade warfare
After the publication of the interview, a response came from Russia: “You will still have to answer for your actions and return what was stolen,” Russian parliament speaker Vyacheslav Volodin said. Last year, the G7 countries agreed to provide Ukraine with $50 billion via a series of bilateral loans that Kyiv could pay off using
In order to understand the extent of gap between what is needed in terms of climate finance, and what is currently being offered overall, the ‘Third report of the independent high-level expert group [IHLEG] on climate finance’ pointed out ‘External finance from all sources, international public and private along with others, will need to cover
Chhattisgarh Finance Minister OP Choudhary presented the 100-page handwritten budget in the state Assembly on March 4. He said that a handwritten document reflects the attachment and emotions better. In an age where AI-powered chatbots are being widely used and promoted, Chhattisgarh’s Finance Minister, OP Choudhary, opted to write a 100-page budget by himself in
Dr Cassiel Ato Baah Forson, the Minister of Finance, will present the Business Statement and Economic Policy of the government for the year ending December 31, 2025, to Parliament on Tuesday, March 11. The presentation is in accordance with Article 179 of the 1992 Constitution. This was announced on Friday by Mr Kweku Ricketts-Hagan, the
GST rate cut: Finance Minister Nirmala Sitharaman said that the government is very close to taking a final decision on some very important issues like rate cuts, rationalisation, considering the number of slabs and others. GST rate cut: Finance Minister Nirmala Sitharaman said that GST rates will be further reduced and the process of rationalising tax