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BSP Fiji transitions to an independent subsidiary with no impact on customers
BSP Financial Group has officially transitioned its Fiji branch operations into a wholly-owned subsidiary, BSP Financial Group (Fiji) Pte Limited.
Announcing the move, Board Chairman Robert Bradshaw highlighted that this restructuring aligns with a growing trend among large companies seeking to enhance operational efficiency. Bradshaw noted that the Fijian Parliament passed the BSP Fiji Act 2024 on 5 December, following stakeholder consultations. This ensured a seamless transition with no disruptions for customers or employees.
Reassuring clients, Bradshaw confirmed that accounts, loans, and services remain unaffected, with only the legal name of the bank in Fiji changing. He expressed gratitude to the Reserve Bank of Fiji, the Deputy Prime Minister, the Minister for Finance, and the Fijian Government for their support throughout the process.
Read the original article here: https://www.fijivillage.com/news/BSP-Fiji-transitions-to-an-independent-subsidiary-with-no-impact-on-customers-xr4f58/
Submission deadline for Commonwealth Peace Prize extended until January 2025
The Commonwealth Peace Prize has received significant interest, prompting an extension of the nomination deadline to 17 January 2025. Part of the Faith in the Commonwealth Initiative, the prize honours peacebuilders who use faith to foster dialogue, resolve conflicts, and promote lasting peace across the Commonwealth’s diverse communities.
Announcing the extension in London, Commonwealth Secretary-General Rt Hon Patricia Scotland KC highlighted the importance of peace in achieving just societies. Sir David Khalili, Chairman of the Khalili Foundation, praised faith as a powerful tool for harmony and understanding.
Launched on the International Day of Peace 2024, the prize will be awarded every three years and celebrates individuals with a proven track record of faith-driven contributions to peace and conflict resolution within the Commonwealth.
Read the original article here: https://thecommonwealth.org/news/submission-deadline-commonwealth-peace-prize-extended-until-january-2025
Ride-hailing giant InDrive invests in Pakistan’s Krave Mart
Ride-hailing giant inDrive has invested in the Pakistani online grocery delivery firm Krave Mart as part of its strategy to expand into emerging markets. While the deal’s value remains undisclosed, the investment will enable Krave Mart to strengthen its presence in Pakistan and explore new markets.
Headquartered in Mountain View, California, inDrive launched a $100 million venture capital initiative in 2022 to support innovative startups in developing regions. Recent investments include micro-insurer MIC Global. Operating in 46 countries, inDrive stands out by allowing passengers and drivers to negotiate fares. It was the world’s second-most downloaded ride-hailing app in 2017, according to data.ai.
Founded in 2021, Krave Mart competes with Foodpanda and processes thousands of daily orders. The company has boosted profitability by introducing a range of private-label products, from everyday essentials like bread to personal care items such as handwash.
Read the original article here: https://www.techjuice.pk/ride-hailing-giant-indrive-invests-in-pakistans-krave-mart/
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Peter Vas is a Partner at Loeb Smith and is in charge of the firm’s Banking and Finance and Corporate Groups in Hong Kong. He specializes in finance, corporate and non-contentious restructuring transactions.