Dede Sophie

Up to 14,000 dormant accounts at Bank of South Pacific Financial Group Limited will be closed and funds remitted to the Department of Finance at the end of 2022. BSP Group Chief Executive Officer Robin Fleming told NBC News that most of these customer accounts have less than K20 and have not been charged account maintenance fees since. He said under Sections 6 (3) and 7(1)(a)(b)(i) of the Unclaimed Monies Act 1963, customer funds which remained unused for more than seven (7) years will be paid to the Finance Department, and therefore is encouraging customers concerned to approach the Bank and claim their monies or reactivate their accounts, among other options. “One of the main reasons we have such a large number of accounts that haven’t been activated is because we stopped charging a monthly maintenance fee on those accounts. And we stopped charging that monthly maintenance fees many years ago now.” “We actually have almost 6,000 accounts which have balances les...

When I had an introduction to the Mazda CX-60 a while back, I remember liking the way the company was thinking, writes Brian Byrne. Moving upwards into a true premium brand — though I have personally always considered their products to be at the top end of their market, not least because of their cars’ reputation for reliability. The CX-60 was the first model from a new Large Product architecture aimed at lifting the brand to a new level. The car was also a new shift in being a rear-wheel-drive model, with availability of AWD. Rear-driven wheels are a thing with both BMW and Mercedes-Benz, reflecting a notion of better handling by ‘real’ drivers from the string-backed driving gloves era. Never subscribed to it myself, especially in slush and snowy conditions where FWD as popularised by the original Mini from the 1960s showed its worth (as had the Citroen Traction Avant from the 1930s, but that was long before my time). Going RWD also means the CX-60 and its upcoming siblings now h...