How income-investing can work in an inflationary environment
SINGAPORE - Most official inflation measures are going to rise over the coming months as the sharp fall in consumer prices during the outbreak of Covid-19 last year roll out of calculations. So it makes sense to consider its impact on your investments before this takes hold. Especially if you invest for income and hold a lot of bonds as a result. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
Bitcoin soars after Elon Musk’s Tesla buys US$1.5b of digital coin, plans to accept as payment for its cars
NEW YORK (REUTERS) - Bitcoin took another large stride towards mainstream acceptance on Monday (Feb 8) after Elon Musk's Tesla revealed it had bought US$1.5 billion (S$2 billion) of the cryptocurrency and would soon accept it as a form of payment for its electric cars. The announcements, buried deep in Tesla's 2020 annual report, drove a 13 per cent surge in the world's most widely held cryptocurrency to an all-time high above US$44,000. At current prices, 0.88 bitcoins would be enough to buy an entry-level Tesla Model 3. Investors anticipated other companies will soon join a list of firms that invest in or hold bitcoin including BlackRock, the world's largest asset manager, and payments companies Square and PayPal. Mr Elon Musk has upended Wall Street over the last year and briefly became the world's richest person as shares of Tesla surged nearly 500 per cent to become the fifth most-valuable US company, leaving other companies and investors eager to follow in his wake. "If any lesser mortals had made the decision to put part of their balance sheet in Bitcoin, I don't think it would have been taken seriously," said Thomas Hayes, managing member at Great Hill Capital. "But when th...
Company briefs: Jumbo Group; Boohoo Group; FJ Benjamin Holdings
Jumbo Group The food and beverage (F&B) player announced on Sunday that its indirect wholly owned subsidiary has entered into a joint venture (JV) agreement with The Art of Mee Pok to run outlets selling Teochew fishball and minced meat noodles. Jumbo Group of Restaurants will hold a 60 per cent stake in the JV company - JLL F&B Services - while The Art of Mee Pok will hold the remaining 40 per cent. The JV company will run outlets under the Jalan Tua Kong Lau Lim, The Art of Mee Pok, Lau Lim Mee Pok and/or JTKLL trade names. THE BUSINESS TIMES Boohoo Group The online fashion retailer has agreed to buy the Debenhams brand for £55 million (S$99.8 million) but will not keep the ailing British department stores open, leading to thousands of jobs lost. Boohoo said yesterday it will acquire the Debenhams brand and its fashion sub-brands, including Mantaray and Principles. The modest purchase price reflects the fact that Boohoo is not buying any of the retailer's stock or keeping its 124 stores, which - when the current lockdown in Britain ends - will reopen only long enough to sell remaining merchandise before closing again. BLOOMBERG FJ Benjamin Holdings The mainboard-listed retailer a...