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Sabah can retain 64th Malaysian School Sports Council crown
Sabah can retain 64th Malaysian School Sports Council crown

Daily Express

time08-07-2025

  • Sport
  • Daily Express

Sabah can retain 64th Malaysian School Sports Council crown

Published on: Tuesday, July 08, 2025 Published on: Tue, Jul 08, 2025 By: Johan Aziz Text Size: Raisin (centre) handing over the MSSS championship flag to 2026 host Ranau's representative. TAMBUNAN: State Education Department Director Raisin Saidin believes that Sabah can maintain the glory of last year when the State emerged the overall champions of the 64th Malaysian School Sports Council (MSSM) Athletics Championship. He said this is based on the performance of the athletes competing in the 57th Sabah School Sports Council (MSSS) Athletics Championship where many new records were set in this year's championship. 'I have been informed that a total of 47 new records were set in the 29 track and field events contested over the four days of the tournament,' he said when closing the championship at the Sports Complex here. According to him, this is a very proud achievement because Sabah is increasingly shining in the national and international sports arena. He said this is in line with the intention and purpose of the MSSS Athletics Championship to uncover the talent and potential of athletes to represent Sabah at the 2025 MSSM Championship and hopes that athletes representing the State will be able to make a commitment and then strive to win medals for their beloved 'Land Below the Wind'. Raisin said this kind of tournament is a platform to foster a culture of sports among students and athletes who participate must undergo sports training involving physical training, mental and spiritual preparation. 'The exposure like this needs to be implemented continuously so that its impact can be achieved and can subsequently improve health and quality of life as well as produce potential and great athletes. 'Indeed, a healthy mind comes from a healthy body. These words prove how important it is to have a healthy lifestyle with sports activities that will ultimately harmonise every journey of a person's life, in line with the theme of this year's MSS Sabah 2025, which is 'Sports Build Character, Shaping the Future',' he said. According to him, this MSSS Athletics Championship not only tests mental and physical strength, but can also foster cooperation, in line and in step with efforts to elevate sports, thus improving the country's image and reputation in the eyes of the world. He also expressed appreciation and congratulations for the efforts made by all parties to make this year's athletics championship a success. Organising this championship requires strong commitment and sacrifice from all parties to ensure its smooth running. At the ceremony, Raisin also handed over the Championship flag to Ranau, which will host the championship in 2026, and was given a lively welcome by members of the Ranau contingent. Also present at the ceremony were the District Education Officer Dr. Haison Jahudin, Deputy Director, Student Development Sector, Sabah State Education Department Muddin Beting, Chief Assistant Director, Student Talent Development Unit, Student Development Sector, Sabah State Education Department Datu Asrah Datok Ambas, District Officer Sobitun Makajil, heads of state and federal government departments, Principals and Headmasters, Teachers and Parents. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

'Don't tell too many people': A financial advisor on what to do if you've just won the Lotto
'Don't tell too many people': A financial advisor on what to do if you've just won the Lotto

The Journal

time18-06-2025

  • Business
  • The Journal

'Don't tell too many people': A financial advisor on what to do if you've just won the Lotto

A SINGLE TICKET holder from Ireland has won the €250m EuroMillions jackpot, in what is said to be the largest jackpot to be won in the country. We don't know who the lucky person is, though we do know the winning ticket was sold in a shop in Munster, and the winner now has 90 days to claim the prize. National Lottery spokesperson Emma Monaghan has advised that that person should keep calm (if that's possible), make sure their name is on the back of the ticket and it is safe, and have a cup of tea. Once they contact the National Lottery HQ, they will then be guided through the steps of the process. But what should they do once they claim the prize, and are suddenly in receipt of tens of millions of euro? We've sought out some advice on their behalf. Nicholas Charambous, the Managing Director of the Alpha Wealth financial advisory firm in Cork has been here before – in his 27 year career, he's dealt with lotto winners. 'The first thing you need to do is remain calm, and let the euphoria die down a little bit before you tell too many people, or make any sudden decisions. 'Avoid heading to buy a Ferrari as a first port of call, there will be time to think about what you want to spend on,' he said. Charambous advises that telling a wide circle of people your good news too early is a bad idea, as you might get a lot of conflicting advice. 'Coming into a large amount of money gives you a lot of options you may not have considered before, so it's important to get qualified advice, and that's not just a plug for financial advisors,' he said. Advertisement Charambous added that you want the advice you get to be independent and qualified, rather than someone who is tied to a fund, or an institution, that could potentially profit from getting you to spend or invest your money in a certain way. 'Pay off all of your debts, this puts you in a great position to be debt-free, and it's a sensible first step,' he added. Be careful with gifting The Cork- based financial advisor says that giving everyone in your life the same amount off the bat might not be the best idea. 'People will get taxed different amounts, and they will be taxed differently depending on their relationship to you, the ceiling for gifts to your parent or child will be different to the ceiling for your sister's partner, for example,' Charambous said. When it comes to any savings, whether you opt for deposit accounts or invest your money in stocks, or a managed fund, depends on how soon you will need to access it. 'If you are dealing with a very large amount of money, you should do a combination, and you should get advice before you start making investments, especially if that world is totally new to you,' Charambous said. He added that online banks like Raisin can often offer a better interest rate for deposit accounts than the standards rates offered banks in Ireland. 'Whatever you do, even if it is such a large amount that you could live off it forever, do not just leave it sitting in a current account. A) The rate of inflation will eat into its value and B) under the Deposit Guarantee Scheme your money is only insured up to €100,000 per each institution, so you'd really want to be spreading that money around to different trusted institutions and through sound investments,' Charambous said. Plan your financial future He added that financial roadmapping is important if you come into money suddenly, especially if you plan to quit your job. 'The reality is that you have new options open to you, and you might be able to buy properties in multiple countries, and to quit your job. You need to think about how thi money will sustain you in the longterm and replace potential earnings losses. 'Planning also helps to avoid feeling overwhelmed. It can be quite stressful for people, and research does show that once the euphoria dies down, some people actually end up going back to a version of their life before, and even resume their previous job. You want to make sound decisions so you can enjoy the winnings rather than being overwhelmed,' Charambous added. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal

Wales named UK's gardening capital and Cardiff top city
Wales named UK's gardening capital and Cardiff top city

South Wales Argus

time17-06-2025

  • Lifestyle
  • South Wales Argus

Wales named UK's gardening capital and Cardiff top city

New research shows residents spend an average of 27 hours a month tending to their outdoor spaces—one-third more than the UK average of 17 hours. Kevin Mountford, co-founder and personal finance expert at Raisin, said: "While at first savings and gardening might not appear very similar, there are many elements to gardening that translate to saving. "It's not just about personality traits like being calm, organised and adaptable—it is about the long game. "In both cases, taking time up front to research your options based on your specific situation can see you make great rewards down the line." Cardiff was named the most green-fingered city, with residents spending a full day—24 hours—gardening each month. The research, commissioned by savings platform Raisin, explored the similarities between gardening and saving habits, with Welsh residents spending an average of 17 hours a month researching savings options.

5 Things You Need To Know About Inflation If You Ever Want To Retire
5 Things You Need To Know About Inflation If You Ever Want To Retire

Yahoo

time13-06-2025

  • Business
  • Yahoo

5 Things You Need To Know About Inflation If You Ever Want To Retire

Inflation can quietly erode retirement savings, diminishing the future purchasing power of money saved today. As prices rise, it becomes increasingly important to build a retirement plan that accounts for higher living costs over time. Trending Now: Read More: Here are five things you need to know about inflation if you ever want to retire. Inflation doesn't just raise prices. It reshapes the entire financial landscape, from daily spending to retirement income. 'Inflation can unravel much like a domino effect,' said Daniel Gleich, CEO and president of Madison Trust Company. 'A change in our economic landscape will likely trickle down into a variety of aspects typically pertaining to our day-to-day lives.' Gleich said that fixed sources, such as pensions, may lose purchasing power, and even market-based investments can experience downturns when inflation ripples through the economy. 'Equally, anyone who participates in publicly-traded products like stocks, bonds and mutual funds might endure a significant dip in their retirement investments,' Gleich said. 'The stock market and our economy's theme are generally correlated.' Be Aware: While it's important to keep some cash for emergencies or near-term expenses, too much sitting in low-yield accounts can quietly lose value in a high-inflation environment. 'Many retirees feel secure keeping large sums of cash or equivalents (money markets, CDs),' said Chad Gammon, a certified financial planner (CFP) and owner of Custom Fit Financial. 'That is fine to do for a period of time, but sometimes retirees have a decades' worth of cash, and it won't keep up with inflation and could impact their retirement.' In a high-inflation environment, it's essential to park money in places that help maintain purchasing power. Treasury Inflation-Protected Securities (TIPS) and I Bonds are specifically designed to rise with inflation, making them strong tools for long-term value preservation. For shorter time horizons or emergency savings, high-yield savings accounts and certificates of deposit (CDs) can also play a role. 'You can prioritize safe, guaranteed investments like CDs and high-yield savings accounts to earn interest and fight inflation,' said Cetin Duransoy, U.S. CEO at Raisin. 'Even modest amounts can grow meaningfully over time when placed in competitive, insured savings products, and that kind of consistency is key in a high-cost environment.' While they don't adjust with inflation directly, the stable, guaranteed returns of CDs and high-yield savings accounts, especially in a high-rate environment, can help offset rising costs and keep cash from losing value too quickly. Healthcare expenses often rise faster than overall inflation, and they typically increase as people age. According to the latest Fidelity Retiree Health Care cost estimate, the average 65-year-old couple retiring today can expect to spend around $330,000 (after tax) on healthcare costs throughout retirement, not including long-term care. Retirement plans that don't account for escalating medical costs risk underestimating one of the biggest long-term expenses, especially in the final decades of life. 'If eligible, you may want to look into contributing to a health savings account (HSA),' Gleich said. 'One of the most prevalent mistakes retirement savers may make is to only save for a set number of years. 'None of us can predict the future, and the average lifespan is only continuing to increase. Some may save for 15 or 20 years but then need funds for another five to ten. All in all: The more you save, the better off you'll likely be.' Alternative investments, such as real estate and precious metals, can help protect a retirement portfolio during periods of inflation. 'These assets typically remain valuable, or increase in value, in times of inflation,' Gleich said. 'Furthermore, physical, tangible assets — like real estate and precious metals — are likely to never reach a zero-dollar value. Both land and precious metals like gold and silver hold historical reverence, along with a track record of persisting throughout centuries of monetary unpredictability.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 6 Hybrid Vehicles To Stay Away From in Retirement The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on 5 Things You Need To Know About Inflation If You Ever Want To Retire Sign in to access your portfolio

Kotapay signs Raisin as first client for Banking-as-a-Service platform
Kotapay signs Raisin as first client for Banking-as-a-Service platform

Finextra

time10-06-2025

  • Business
  • Finextra

Kotapay signs Raisin as first client for Banking-as-a-Service platform

Kotapay, a division of First International Bank & Trust (FIBT), today announced Raisin, the global savings and investment platform, as the first financial technology company to integrate with its new bank-direct banking as a service (BaaS) platform, known as Kavinu. 0 This integration expands on FIBT's existing partnership with the German-based fintech leader, which already included serving as the holder of Raisin customers' cash accounts. With the conversion of service bank responsibilities to FIBT, Raisin now accesses a variety of cloud-based microservices to processes fund transfers between external accounts and the 80+ banks and credit unions on the Raisin marketplace, as well as perform critical risk management and compliance functions. By removing unnecessary middleware and nonbank providers used by many to connect banks and fintechs, Kotapay's vertical integration simplifies the BaaS model and accelerates speed-to-market for fintechs and embedded finance providers. 'Kavinu represents the next generation of banking as a service where innovative companies like Raisin connect directly to an experienced banking partner like FIBT and Kotapay,' said Trent Sorbe, Chief Payments Officer at FIBT. 'Raisin is an ideal first partner for demonstrating Kavinu's capabilities and the advantages of our BaaS 2.0 approach. One contract and one connection greatly accelerated speed to market, as Raisin was able to launch in less than half the time experienced by other fintechs reliant on convoluted, unstable models.' Kotapay, which already provides payments processing to more than 107,000 employers and 1.5 million consumers nationwide, launched Kavinu to redefine BaaS by emphasizing direct relationships between fintech companies and banks. This approach ensures fintech solutions are built on a trusted foundation with faster time to market, proven scalability and increased revenue potential. Key advantages of the Kavinu platform include: Direct bank integration - Provides financial innovators with a direct connection to an experienced banking partner. Bank-grade security - Leverages FIBT's robust compliance infrastructure, extensive risk management systems, and deep regulatory prowess. Accelerated speed to market - Enables faster implementation compared to other models, allowing partners to launch new products and services faster. Proven scalability - Supported by Kotapay's existing payments infrastructure, which processed over 64 million transactions totaling more than $102 billion in 2024. Experienced leadership - Benefits from a team of industry leaders that propelled FIBT to one of only six community banks on the Nacha's top-50 ACH originators list. Versatile architecture - Cloud-native, API-driven technology layer adaptable to various business models beyond typical BaaS use cases. 'FIBT and Kotapay are among a small group of institutions that are both technology-forward leaders in electronic transaction processing and backed by the stability of a 115-year-old, family-owned bank,' said Cetin Duransoy, CEO at Raisin. 'The combination of industry leadership and superior technology in a single bank-direct platform is the right solution as we continue to grow and scale our platform. Kavinu also meets the high standards expected by our 75+ partner banks and credit unions and their regulators.' Commenting on becoming Raisin's new service bank, Peter Stenehjem, CEO of FIBT, added, 'We've been a proud partner since June 2024 and are excited to see our Kavinu platform come to life as Raisin's new service bank. By reclaiming embedded payments from fractured middleware models, we're ensuring financial innovators like Raisin have the stability, efficiency, and speed they need for long term success.'

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