You can now send money to Thailand instantly via PayNow

PayNow to Thailand main banner

The pandemic has seen a fluctuating curve in terms of recovery, and no one knows exactly when we can cross borders to visit our loved ones overseas.

Financially, it can be worrying too. Thanks to Singapore’s PayNow and Thailand’s PromptPay partnership, users can now transfer funds up to S$1,000 or THB25,000 daily across the two countries. All you need is just a mobile number.

Real-time payment systems linkage

The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) shared that the transfers will be done in just minutes. This presents a much faster solution when compared to other cross-border remittance solutions.

Those who’ve sent money overseas before know that it takes up to two working days to complete a typical transfer process.

On our sunny island, the participating banks are the big names we know – DBS, UOB, and OCBC. In Thailand, there are four financial institutions – Bangkok Bank, Kasikornbank, Krung Thai Bank, and The Siam Commercial Bank.

What are the fees?
a woman holding onto an iPhone

Image Credits: unsplash.com

Convenience comes with a price to pay. But the MAS and BOT noted that the fees would be transparent and affordably priced. In addition, users will know the exact figure before proceeding with the transfers.

“Senders will also be able to view the applicable foreign exchange charges prior to sending their funds, with these rates benchmarked closely to prevailing market rates,” the central banks said.

ASEAN Payment Connectivity

As part of the ASEAN Payment Connectivity initiation two years ago, the PayNow-PromptPay collaboration has come into effect. This is in line with the overall aim to bring about more robust cross-border payment arrangements.

MAS managing director Ravi Menon mentioned that the PayNow-PromptPay linkage is only the beginning. Plans are in place to scale the system to involve other participants and even business transactions.

“MAS’ shared objective with BOT is to work with our ASEAN counterparts to expand this bilateral linkage into a network of linked retail payment systems across ASEAN,” Menon commented.

To that, UOB chief executive officer Wee Ee Cheong added that the PayNow-PromptPay linkage is a stepping stone to connect payment systems across ASEAN as we progress. This means that possibly more customers can transfer funds to their counterparts easily. They can also pay for goods and services within a few taps or clicks conveniently.

In fact, Thailand is already a step ahead with QR cross-border payment arrangements with other countries. This includes Laos, Japan, Vietnam, and Cambodia.

“This service by the MAS and the BOT will effectively address customers’ long standing pain points in the area of cross-border transfers and remittances including long transaction times and high costs,” said BOT governor Sethaput Suthiwartnarueput.

Not using PayNow? You might want to visit abs.org.sg/consumer-banking/pay-now for more information.

paynow-promptpay-linkage-infographic

Read More...

How to Save on Business Insurances and Cut Company Costs

It’s better to run a protected business than an inadequately insured company for saving costs. This doesn’t mean that you must go after expensive and shiny policies for your business and employees to get quality and protection. There are several ways to save on business coverages and find perfectly protective programs that don’t pursue your business budget and break it.

Business insurance is a requisite for all types of small and large trades. But business owners find it the hardest to procure these coverages and spend some dimes on protecting the future of the firms. Business insurances don’t have to be all that expensive; here are some expert ways you can cut considerable costs on your insurance and spent the rest of the cash on gaining revenue:

Do a Deductible Increase

The deductible is the amount provided to the insurance company before the policy sets in and your business gets insured. This amount can be a determining factor for your premiums that are to be paid as the policy commences. According to the insurance company processes, the higher the deductible amount at the beginning of the policy, the lower the premiums will be. This way, you can save paying high regular premiums and only have to make a big contribution once to cut costs.

Shop Until You Cut Costs

For finding low costs insurance programs, shopping around is the way. You can do this the easy way and get recommendations from your friends or partners. Prices can really vary from carrier to carrier in providing the same type of industry insurance and coverage. For this reason, call up all the coverage providers in your industry, write down and compare prices. Do conduct a background on the financial stability and reputation of the insurance providers and choose quality SME insurance Singapore firms.

Hire an Agent

Having an agent as a broker between you and your preferred insurance company can really help. In order to get all your coverage needs met and be assigned a reliable business insurance Singapore company of your unique attributes, it’s essential to hire an agent. Your agent can also help prepare for uncertain times and future losses and claims.

They can aid in better coverage and claims management and plan disaster-free business for you. All you have to do is keep them updated on all the major changes and future goals of your firm to help them match you up with the right coverage for the future as well and save costs considerably.

Look for Bundles

It’s evident that buying a bulk of anything can always help you save costs. The same goes for the coverages you need for your business. You can get a bundle program such as a business owner’s policy (BOP). Under such a plan, you can find several coverages that your business needs and get the collection at a lower price than individual plans. However, make sure to shop around for these as well and choose quality over quantity always. Check if any policies are missing from the bundle that you may have to procure individually that may add to the costs.

Read More...

Things You Should Know Before Getting DoT authority

The trucking industry is one of the booming industries in the United States. The main reason why more people are attracted to it is that it has been showing constant growth over the years. This is why many people are now willing to start their own trucking companies. Now, starting and running a trucking company is not a pipedream. You have to understand the complex jargon, ignore the wrong advice available online, and stay focused all at the same time. And besides that, you also have to get your DoT authority as well. In this article, you will find important facts about running a trucking company before you get authorized to hit the roads!

Think About The Expenses

The No.1 expense you have to handle when starting your new company is buying vehicles. A new truck costs A LOT, and you can’t buy used vehicles for a song either. You might have no problem handling this problem if you are rolling in money; however, thinking about tackling this obstacle is necessary if you have next to nothing. People who have money in their pockets can skip to the next tip. Now, what for those who don’t have money? You guys can:

  1. Find investors
  2. Get Loans

Long-term loans are the best options for the ones who don’t have flattery public skills. But don’t get discouraged if you don’t know how to present your idea to potential investors. You can learn about presenting your idea of a trucking company the right way if you take some time and make an effort. The reason why working with investors is good is that experienced investors can help you grow your company and find more customers as well.

The Registration Process

You must register your company first before you get to the Department of Transportation and demand trucking authority. There are three common ways to structure your new trucking company, you can:

  1. Register an LLC
  2. Establish a Corporation
  3. Claim Self-Proprietorship

Keep reading to find the details of each plan.

1.      LLC

Most new business in any industry goes with the LLC structure. LLC, an abbreviation of “Limited Liability Company,” is the favored choice because it provides security to the entrepreneur. In case your new trucking business fails to reach its full potential, no one will come knocking at your door asking you to hand over your assets. You can start a new business unless you have your assets in your hands, right? This business structure frees you from the thought of failing to pay the debts, so you can focus on growth and new ideas.

2.      Corporation

Before reading any further, don’t think that you need billions of dollars to register your trucking business as a corporation. Setting up a corporation is favorable because it provides more ease to scale your business. The corporation structure helps in taking your business operations to the next level. And you get the added benefit of secured personal assets in this business plan as well.

3.      Sole-Proprietorship

The option of setting up a sole proprietorship is the best for the people who already know all the details about establishing and running a trucking company. This one takes away the involvement of loan providers and investors and helps one focus on the company’s development. You can hire the people you want, take decisions on your own without asking the other investors and drive your company at your pace. However, if you get loans and fail to pay the debt, remember that this business structure can cause you to lose your assets.

Applying For The DoT Authority

What’s the next thing to do after you’ve bought the vehicles, set up a business structure, and have bought an insurance plan for your company? The next step is contacting the Department of Transportation to acquire the trucking authority. Getting the authority is a lengthy procedure and not the best for people who have busy schedules. The good thing is that you can hire a team of professionals who will apply for the DoT authority on your behalf and ensure that the registration process goes smoothly. You can find guys who will set up your DoT number and MC number at an affordable price. Still, you should prefer the professionals who know what to do before and after getting registered with the Department of Transportation.

Read More...

Online flower delivery in Singapore

Flowers are the most unique and best gift to our loved ones on special occasions. Flowers are the best ways to express feelings of affection and love for loved ones. Online flower delivery shows to your family and friends that you remember them on their special occasions and you really care for them and they have an important place in your heart and life. This act of love increases their happiness and makes your relationship better with them. The freshness of flowers feels the beauty. We give the flowers on different occasions to make the occasion good. In our life surprise gift plays an important part to strengthen our relationship with our special ones. Flowers have played an important role in conveying love good health, support, remembrance, etc. The flowers were, are, and will be the best way to connect with our loved ones. Online (flower delivery Singapore) is the best way to give the flowers at the right time. You can quickly select the type of flower and arrangements and send it to your special ones and the services are unaffected with Floristique online flower delivery Singapore.

Reasons why should we choose online delivery of flowers:

There are many reasons we choose floristique (flower delivery Singapore) some of them are listed below:

One reason is that we are living at the busiest pace of time. people do not have enough time and a large amount of workload sometimes we fail to remember the special occasion of our loved ones and this creates distance between people and the other ones feels ignored and forgotten.

So the best way to cheer them up and show them that how much you love them you send them flowers and for this, you do not have to go to any floral shop for buying flowers you just go on google and from floristique (flower delivery Singapore) floral website order bouquets for the loved one and send them on their address.

Another reason is with the busiest life you are unable to celebrate or attend every special occasion of your loved ones. So, you just send them online flowers from any online floral website and your delivery will reach them in just a few hours and they feel good and special. A bouquet you order online will reach where you cannot.

Most of the time we feel concerned about someone but we cannot tell them. So, what u cannot do will be done with flowers. You can send them online flowers and make them feel special and concerned from your side. You cannot go everywhere but online flowers can go.

How to arrange your delivery within Singapore online:

There are time slots available for online flower delivery within Singapore

  1. 10am-2pm
  2. 2pm-6pm

After making your order online, do make sure that the recipient will be present at the designated place at the time of delivery and there will be extra charges for re-delivery in Singapore.

If you are looking for a gift to get for your loved ones, do check out Floristique as they have a wide variety of gift options that are available.

 

 

Read More...

Understanding the Benefits of Physiotherapy

Physiotherapy is a medical practice that assesses, diagnoses, and treats different kinds of injuries and health conditions while aiming to restore mobility and function. In Singapore and several other countries, the term is used interchangeably with physical therapy.

In physiotherapy, a trained professional assesses your current condition and formulates a physical treatment plan to address the body’s weak points. Treatment includes exercises that can strengthen your muscles and improve fine and gross motor skills.

While people commonly associate physical therapy with athletes and sports injuries, its benefits are not limited to them. To elaborate further, here are some of the ways physiotherapy can help you.

Pain Management

If you are currently experiencing chronic pain, consider going to a physiotherapy clinic. The practice uses various techniques, exercises, and treatments, which restore muscle and joint function and reduce pain, swelling, and inflammation. Moreover, physiotherapy can also help prevent the pain from returning with a proper treatment plan.

Posture Correction

Poor posture can contribute to many problems, including back and neck pain, headaches, poor balance, and difficulty when walking. You can easily address these problems with physiotherapy. A licensed professional will assess your body mechanics and find what you need to have better posture. It can include stronger back muscles or better balance. By pinpointing what you need, a physical therapist can create a customized exercise program addressing your posture.

Increases Mobility and Movement

If you are currently having trouble while walking, running, or moving, physiotherapy can help you get back on track. Strengthening and stretching exercises may help restore your ability to move. It applies to individuals who have just undergone surgery as well.

Improves Balance

Proper balance is easily overlooked in day-to-day life, but it is crucial in preventing injuries. Individuals with poor balance are more prone to falling and have a greater chance of getting fractures and concussions. Therapeutic exercises that can improve your coordination and balance, helping decrease this risk. Physical therapists may also help you acquire a suitable assistive device.

Prevents Injury

One of the main goals of physical therapy is to assess the body and search for vulnerable points to injury. After identifying these, the physiotherapist will formulate an exercise program that can address these weakened points and make your body stronger as a whole. In this manner, you avoid getting injured.

Help Heart and Lung Diseases

People struggling with heart and lung conditions can benefit greatly from physiotherapy. For individuals with heart disease, physical therapy can strengthen the heart and improve mobility, which are crucial to rehabilitation. Meanwhile, physiotherapy can help people with lung diseases by clearing fluids in the lungs and maintaining lung patency.

Avoids and Helps with Surgery

If the doctor permits, there are some cases where you can opt for physiotherapy instead of surgery. While the process will take longer, it will help eliminate the pain, expediate the healing process, and consequently, improve your overall health. This can help you save on costs and efficiently guide your body down the road to recovery.

Even if you need to have surgery, physical therapy can still help you before and after the operation. Some cases will require physiotherapy beforehand to prepare you for the procedure. After all, you’ll be able to heal more quickly post-surgery if you’re in good shape. After the operation, you may need physical therapy as well to restore muscle function and get back on your feet.

Rehabilitation from Stroke

It is common for patients who have had a stroke to have limited mobility. Physical therapy aids in rehabilitating them. The initial three to four months of physiotherapy can help the patient recover function and mobility from the effects of a stroke. In this manner, the patient becomes more independent and slowly acclimate to the tasks of daily living.

Pregnancy and Postpartum Care

Pregnancy and childbirth put a lot of stress on the body, and women need a lot of help to recover. Physical therapists can contribute to easy delivery and help the woman cope with labor pains.

Their assistance extends to after the delivery as well. Women struggle with all kinds of pain after childbirth, including back pain and neck pain. By going through physiotherapy, the patient can learn proper posture and undergo helpful exercises that will not only reduce the pain but also help them recover efficiently.

Addresses Age-Related Medical Problems

As a person grows older, they begin to experience different health problems, including joint pains, osteoporosis, and arthritis. Older patients may benefit from the less strained and more conservative approach of physical therapy compared to having surgery. By effectively managing these conditions, you can reduce their effects and improve your quality of life.

Based on the points above, it becomes clear that physical therapy can help people from all walks of life in many different ways. It is not limited to athletes and seniors. If you are currently struggling with chronic pain or are simply looking to becoming fitter, consult a physical therapist and give your body the boost it needs to live a healthier life.

 

Read More...