| 19-11-2007: StanChart e$aver advocates flexible banking
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd has launched an online banking product, the e$aver, which is designed to complement regular savings or checking accounts. The e$aver offers high interest rates of up to 3.5% on savings while providing the flexibility of managing funds online with no lock-in period. Without the need for a minimum amount, it comes with no maintenance fee, no minimum balance fee, no over-counter fee as well as no StanChart ATM withdrawal fee. “With this latest initiative, we expect a total of 40,000 new sign-ups which would further strengthen our targeted 10% growth rate," said Shyam Srinivasan, StanChart Malaysia country head of consumer banking. An early bird bonus interest of 0.25% per annum will added onto the account for customers who sign up before Dec 31, 2007.
Diana Clement: Good old-fashioned bank account hard to beat
Most of us think of "cash" as being the folding stuff we keep in our wallets. Cash investments, however, can range from simple savings accounts to highly leveraged cash funds. Cash investments are liquid - or short term - and relatively safe investments. Many, such as simple bank deposits, offer a guarantee that your principal will be returned. Depending on your definition (and they vary) "cash" includes term deposits, cash management accounts and short-term, fixed-income securities (similar to debt securities but much shorter in duration). Closely related are fixed-interest investments for a specified term, says Philip Macalister, publisher of the website depositrates.co.nz. Over the long term, the return from cash investments doesn't keep pace with other investment classes.
Bad taste is lucky for shark victim
WAILUKU » California resident Aaron Finley flew to Maui to deliver a CD he produced from a children's book called "How Do You Take a Shark to the Dentist?" On the CD, he voices the role of Mr. Shark. "It's ironic," remarked Maui resident Jane Foley, who wrote the book and song lyrics that go, "Oh, Mr. Shark. He's ever so mean. He'll eat you for breakfast like a jelly bean. Sometimes he'll hide in the nearest cave, swallow you up when you're passing on a wave." That's a fair approximation of what happened Monday as Finley took a leisurely swim off Wailea. "I felt something hit my leg really hard and then turned and saw this big gray thing swimming away and realized I'd just been bit," Finley, 32, said from his hospital bed in Wailuku, where a 6-inch, half-moon-shaped gash on his left calf served as a reminder of the encounter.
2 pharmacists indicted
The owner of a Grand Coteau pharmacy and his son are accused of illegally filling prescriptions for a Panamanian company via the Internet, racking up nearly $1 million in less than a year. Paul Williams Jr., 54, owner of the Grand Coteau Prescription Shoppe and his son, Paul Williams III, 28, both of Sunset, were indicted Thursday on one count of conspiracy to distribute controlled substances, one count of providing false information on an application and report to the Drug Enforcement Administration, 33 counts of distribution of a controlled substance, 13 counts of money laundering and two counts of forfeiture. .
Semper fi to your family at home
Q:MY WIFE and I are expecting our first child. The problem is that I'm in the U.S. Marine Corps on tour in Iraq. I have been here since the beginning of the pregnancy, and I might not be there for the birth of our child. My wife is having a hard time doing this on her own, and I feel that there's nothing I can do to support her. I'm reading your book, "The Expectant Father," which I find very helpful. But do you know of any resources that are specifically aimed at military dads and/or their families? A: There are more than 700,000 children younger than 5 in military families who are separated from their father or mother. As a former Marine myself, my heart goes out to all of them. Here are some great resources you and your wife can use to get the support you need. And because I know many military dads will read this column, I'm also including some tips on staying in touch with the kids and maintaining relationships while away.
Dismantled
NORTH ADAMS - Nato Thompson got an early warning, just as the curator started work on the most dramatic and expensive project in the history of the Massachusetts Museum of Contemporary Art. Christoph Büchel could be difficult, demanding, and temperamental. The tip came from an unlikely source: the artist himself. "He said, 'When you work with a curator in Germany, the artist will yell at the curator and stomp off, and the curator will do the same,' " Thompson remembers Büchel telling him last fall, after arriving here to begin work on his giant installation "Training Ground for Democracy." " 'This is the way things are done in a different culture.' " As time passed and the relationship soured between Büchel and Mass MoCA, that comment would nag at Thompson.
Securities fees hit $9.8 billion
Securities brokerage income for bank holding companies totaled $9.8 billion for the first six months of 2007, according to a new report. The report was compiled by Michael White Associates and sponsored by Symetra Financial. It measures bank holding companies' performance in generating fee income from insurance, securities, annuities and mutual funds. The figures are based on data reported by nearly 1,000 top-tier banking companies with consolidated assets of more than $500 million each. This year marks the first time such information has been available on bank holding companies' securities brokerage commissions. .
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