Month: July 2020

Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

dhita yudha

Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect right after the monetary policy review by the Reserve Bank of Zimbabwe (RBZ) on August 21.

In a sign that MNOs have lost an appetite to fight the RBZ, the mobile money market leader, Ecocash also said funds in “frozen agent accounts will only be liquidated into the affected agent’s formal bank account.” On top of that, the liquidation will “require RBZ approval on a case by case basis.”

Ecocash has previously sought relief against RBZ directives through national courts. However, following changes to the regulations that govern MNOs in July, the RBZ now has

… Read More

Know the Rules for Business Use vs. Commercial Use vs. Pleasure Use Insurance

dhita yudha

AMHERST, N.Y., Sept. 24, 2020 /PRNewswire/ — Up for a challenge? Let’s test your understanding of different requirements relevant to personal, business, and commercial vehicle insurance.

Question: Does your personal car insurance policy cover the vehicle you own if you use it regularly to do your job?

CarData Consultants
CarData Consultants

Answer: Employees who use their personal vehicle for business on a regular and recurring basis need to have a “Business Use” designation on their vehicle insurance policy. Typically, Business Use means that the driver owns the car and depends on their vehicle to visit prospects or customers in multiple locations.

Insurance companies will add a Business Use endorsement to the driver’s personal auto insurance policy for an additional premium, it’s an expense worth taking on. A Business Use designation reduces risk for the company and the employee. Drivers should be compensated for the additional premium through their Vehicle Reimbursement Program. 

… Read More

How to get a cash advance with Capital One

dhita yudha



a person sitting at a table: Rob Lewine/Getty Images

© Rob Lewine/Getty Images
Rob Lewine/Getty Images

A Capital One credit card cash advance is one way to get cash when you really need it – you’re essentially borrowing cash from your line of credit and promising to pay it back later.

Although cash advances are rarely your best option due to their high fees and even higher interest rates, taking out a cash advance can help you in a situation where you might not have enough money in your bank account to cover a cash-only expense.



Jerry Marr sitting at a table using a laptop computer: Person on the phone

© Rob Lewine/Getty Images
Person on the phone

How do you get a Capital One cash advance? Is there a Capital One cash advance fee? Let’s take a closer look at how Capital One cash advances work and what you should consider before you request one.

Loading...

Load Error

What is a cash advance?

A cash advance allows you to get cash from a

… Read More

Student bank accounts with perks that make the grade

dhita yudha

A-level fiasco has thrown university plans for many into chaos, but here are student bank accounts with perks that make the grade

By Toby Walne, Financial Mail on Sunday

Published: | Updated:

The recent A-level fiasco has thrown the plans of half a million students hoping to start university into chaos. But a spot of homework should still enable them to get rewards picking a bank account. 

Fortunately, there is no need for dodgy algorithms and grade predictions when choosing a bank. 

Young adults starting university next month are eligible for a student account that comes with benefits and interest-free overdrafts. 

The banks are not just being nice. They know that once a bank account is set up, the customer may be hooked for life. Last year just one in 50 customers switched bank. 

Jake Butler, a finance adviser for

… Read More

Colorado Springs military contractors mostly untouched by COVID job losses | Colorado Springs News

dhita yudha

Even as the COVID-19 battered the Colorado Springs economy, costing tens of thousands of jobs, the defense contracting industry stayed strong.

Why? Thank U.S. Space Command and the new Space Force, at least in part. The arrival of the joint command, the creation of the new military branch and a greater emphasis on space have triggered a major wave of growth for local defense contractors.


Competitors in 25 states woo U.S. Space Command, but local leader remains confident

Industry officials say the defense industry is thriving in Colorado Springs, where more than a third of the local economy depends on military spending, because the U.S. Space Command is based at Peterson Air Force Base, at least temporarily, and much of the operations of the new Space Force also are spread across area bases.

“The opportunity (from U.S. Space Force and U.S. Space Command) is on par with when NorthCom (U.S.

… Read More

ComEd reminds customers that expanded financial assistance options only available for a short time

dhita yudha

ComEd reminds customers that expanded financial assistance options only available for a short time

Published on September 25, 2020 by Chris Galford

© Shutterstock

While $500 in grants and other, more flexible payment options are still on the table for customers of ComEd struggling through the COVID-19 pandemic, the company sent out a reminder this week that these assistance options will only be available for a limited time.

These options include both $500 in bill assistance for eligible low-income customers now past due on their accounts and plans of up to 18 installed payments with 10 percent own payments for certain residential customers. In the case of the direct bill assistance, households in question must earn 200 percent or less of the federal poverty level. For the flexible payment options, the plan offers further reductions for low-income residential customers and those facing financial hardship, allowing them to spread the payback

… Read More

12% Yield, 20% Discount: BlackRock TCP Capital (NASDAQ:TCPC)

dhita yudha

BlackRock TCP Capital Corp (TCPC) is a Business Development Corp. specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1.5 billion. It prefers to make equity investments in companies for an ownership stake. (TCPC site)

Like other BDC’s that we’ve covered in recent articles, TCPC has gotten hit hard in the 2020 COVID-19 crash – it’s still down -34% year to date, even with bouncing back 45% since the March lows.

It has had a pretty good run since our last article in early July, delivering a total return of 11.53% in ~10 weeks:

It has outperformed the UBS ETRACS Linked to the Wells Fargo Business Development

… Read More

Services continue to languish – Telegraph India

dhita yudha

The crippled services industry fell for the sixth straight month in August as Covid-19 restrictions continued to hurt business operations and demand, causing the longest streak of job losses on record, an industry survey has showed.

The IHS Markit Services Purchasing Managers’ Index increased to 41.8 in August from July’s 34.2 but remained well below the 50-mark separating growth from contraction.

“August highlights another month of challenging operating conditions in the Indian services sector. Sustained periods of closure and ongoing lockdown restrictions in both domestic and foreign markets have weighed heavily on the health of the industry,” said Shreeya Patel, economist at IHS Markit.

Shilan Shah, senior India economist at Capital Economics, said, “The rise in  August PMI pales in comparison with the decline during the lockdown and it is highly likely that output is still a very long way from pre-pandemic levels. Given the bleak economic outlook, we think

… Read More

Some CT business owners are thankful for Phase 3 but say it’s not enough to heal their financial wounds

dhita yudha

CONNECTICUT (WTNH) — With some 20% of state eateries gone for good, the Phase 3 reopening rollout will fix some wounds for restaurants and businesses, but not others.

“As long as we keep our masks on, keep the distance, keep the rules that they set, then we should be fine,” said Jasmine Sheppard, a customer at the always bustling Zoi’s in New Haven.

“As long as people are practicing social distancing, I don’t think there’s going to be a problem,” agreed fellow customer, Greg Morehead.

The governor’s easing of indoor capacity limits for restaurants and salons from 50% to 75% is coming right on time.

“With the cold weather, with the outdoor seating, we’re going to lose that, so the fact that we’re going to have more indoor seating, it’s going to be a plus for us,” said Stacey Kattis with Zoi’s.

Salons are also looking forward to the easing

… Read More