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Skipton International Launches Limited Company Buy-To-Let Lending

Begins 2023 by cutting interest rates on some products and offers base rate trackers

GUERNSEY – Media OutReach – 31 January 2023 – Skipton International, the award winning Guernsey-licensed bank, has announced the launch of limited company buy-to-let lending giving customers an additional financing option for growing UK property portfolios.

Roger Hughes - Skipton International
Roger Hughes – Skipton International

According to Hamptons, a leading UK estate and letting agency and part of the Skipton Group, purchases of UK property via company structures increased by nearly 40 per cent. From September 2021 to September 2022, 50,445 new companies were set up in the UK to hold buy-to-let property: the second highest figure in any 12-month period.

“The UK property market continues to demonstrate resilience and is an attractive investment option for international investors. By introducing limited company buy-to-let lending, these investors can now expand and simplify the management of their existing UK property portfolio,” said Roger Hughes, Business Development Manager, Skipton International.

Skipton International’s Limited Company buy-to-let lending product is, for now, limited to two properties only, and is for the principal activity of buying and holding residential investment properties. The minimum loan size is GBP250,000 and interest rates start from 4.9 per cent (5.8 per cent annual percentage rate) on loans of GBP500,000 and above.

“Introducing limited company buy-to-let lending together with our sterling and US dollar savings accounts, competitive borrowing and lending rates, reaffirms Skipton’s commitment to offering innovative products and services to our global customers,” added Hughes.

Rates Cut for Some Mortgage Products, Reintroduces Base Rate Trackers

In mid-January 2023 , Skipton International cut interest rates on several mortgage products by up to .30 per cent. This includes its five year fixed rate at 90 per cent LTV with a rate of 5.49 per cent (was 5.79 per cent). For remortgages, there is a five year fixed rate also at 5.49 per cent and fee free.

Also, this month, Base Rate Trackers were reintroduced. A 3 year tracker UK buy-to-let mortgage starts from a minimum base floor of 3.00%; Skipton International’s lowest current rate.

For more information about limited company lending, buy-to-let mortgages and rates, visit www.skiptoninternational.com

Hashtag: #SkiptonInternational

The issuer is solely responsible for the content of this announcement.

About Skipton International

Headquartered in Guernsey, Skipton International is a bank wholly owned by Skipton Building Society, the fourth largest building society in the UK. We are a leading offshore bank and winner of multiple awards, including the Moneyfacts ‘Best Offshore Account Provider’ award 2022.

Our aim is to help customers achieve their property owning and savings goals, by offering quality products and excellent customer service.

Additional Information for Editors

Skipton International’s Company Limited Buy-To-Let Lending: Maximum number of Directors is 2. There will be restrictions on Standard Industrial Classification codes (SIC codes). Maximum LTV 65%. Independent legal advice (ILA) when signing the guarantee will be recommended but not insisted upon. The underlying client(s) will need to establish a suitable property holding company (SPV) and a bank account with a UK provider in the name of the Limited Company. The application is submitted in the company name and will be supported by personal guarantee from the Directors. Pricing as personal lending. Arrangement fee GBP4,999.00 payable upon application. Security is to be a charge over the property being purchased or re-mortgaged along with a guarantee from all Directors of the Company with any guarantee to be joint and several.

Skipton International offers a range of offshore savings accounts and is one of the Channel Islands’ leading mortgage lenders for residential Channel Island mortgages and UK Buy-To-Let mortgages for expats and non-UK resident nationals. It is the winner of the Moneyfacts ‘Offshore Bank Account of the Year’ award 2022, and the Mortgage Introducer ‘Top Mortgage Employer’ Award 2022.

Skipton International Limited (Skipton), registered in Guernsey: 30112, is a wholly owned subsidiary of Skipton Building Society.

Skipton is licensed under the Banking Supervision (Bailiwick of Guernsey) Law. Skipton is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for ‘qualifying deposits’ up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any five-year period. Full details are available on the Scheme’s website www.dcs.gg or on request. To help maintain service and quality, telephone calls may be recorded and monitored.

Skipton International has a customer service rating of 4.7 / 5 according to Feefo, an independent online assessor of customer service, and is a three-times Platinum award winner as a trusted provider.

Over 3 million tonnes of ore extracted from Udokan copper deposit

MOSCOW, RUSSIA – Media OutReach – 31 January 2023 – More than 3 million tonnes of copper ore have already been mined from the western pit of the Udokan copper deposit, in Russia’s Trans-Baikal Region.

The deposit is being developed as part of mining and capital works that began in mid-2020. The ore extracted at this stage will be used to run cold and hot tests of equipment at the processing plant. Upon completion of the mining and capital works, sites, roads and other facilities will be ready so that heavy equipment can conduct open-pit mining.

According to Alexey Yashchuk, CEO of Udokan Copper, pre-production mining will increase by at least 150% this year. “This will enable us to produce a more than adequate stockpile by the start of the first phase of the mining and smelting plant, thus ensuring an uninterrupted production cycle”, he said.

As the deposit is mined, ore of satisfactory quality will be sent to the processing plant; the remaining ore will first be sorted by grade for further blending (in the required proportion) and then sent to the processing plant.

Production at Udokan is set to begin in 2023. The plant will have a processing capacity of up to 15 million tonnes of ore per year. The company will produce up to 135 thousand tonnes of copper annually in the form of copper cathodes and sulphide concentrate.

Hashtag: #UdokanCopper

The issuer is solely responsible for the content of this announcement.

About the company

Udokan Copper was founded to develop the Udokan copper deposit. It is part of USM, a diversified holding. With 26.7 million tonnes of copper reserves, Udokan is the largest deposit in Russia. The copper content, according to the guidelines of the JORC Code, is 0.97%.

The deposit is located in the Kalar District of the Trans-Baikal Region in Russia’s Far East, 30 km from the Novaya Chara station on the Baikal–Amur main line. Under the project, a mining and smelting plant is to be commissioned which will produce cathode copper and sulphide concentrate.


Oasys to be Listed on Leading Japanese Crypto Exchange, bitbank

Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi

SINGAPORE – Media OutReach – 31 January 2023 – Oasys, a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank, a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world.

According to statistics by Newzoo1, Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games.

Daiki Moriyama, Director, Oasys, said: “We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan.”

Atsushi Kuwabara, Head of Business Development, bitbank, said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space.”

The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services.

The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan.

_______________________________________________

1 Market Statistics by Newzoo
https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues

Important Notice
This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction.


Hashtag: #Oasys #Blockchain #Gaming

The issuer is solely responsible for the content of this announcement.

About Oasys

Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain.

With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play.

More information on Oasys is available at:
Website:
Twitter:
Discord:

About bitbank

bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange “bitbank.cc” and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association.

VACUUMSCHMELZE (VAC) Announces Binding Supply Agreement with General Motors (GM) to Support EV Growth

HANAU, GERMANY – Newsaktuell – 30 January 2023 – VAC announced a binding long-term supply agreement with GM for North America permanent magnet production – another major step forward to create a strong, sustainable and scalable supply chain for electric vehicles. As part of the agreement, VAC will build a facility in North America to manufacture permanent magnets for electric motors used in a broad portfolio of EVs. The new facility will use locally sourced raw materials. The binding agreement finalizes a Memorandum of Understanding VAC and GM announced in December 2021.

With 100 years of experience, VAC is a leading global developer and producer of advanced magnetic solutions. VAC is the largest producer of rare-earth NdFeB permanent magnets in the Western Hemisphere.

“The demand for rare earth permanent magnets and supporting technologies is intensifying at an unprecedented rate as the world shifts to sustainable clean energy. VAC is extremely excited to be partnering with General Motors to take this important step to ensure the realization of GM’s all-electric future”, said Dr. Alexander Barcza, VAC Vice President Permanent Magnets.

VAC is in the process of establishing a North American permanent magnet production facility to support GM for a minimum of 10 years. The finished magnets will be delivered to facilities building EV motors for GM within North America. The VAC facility is expected to start production in 2025 and create hundreds of new jobs.

“Our agreement with VAC for permanent magnet production in North America represents another major milestone in building a strong, secure, sustainable and cost-competitive supply chain to support our EV growth”, said Jeff Morrison, GM Vice President, Global Purchasing and Supply Chain.

The issuer is solely responsible for the content of this announcement.

Miss Universe Laos Donates Nearly LAK 10 Million to Hmong Women Network

Payengxa Lor spoke in a seminar with Hmong Women Network in November last year.

Payengxa Lor, Miss Universe Laos 2022 and a Finalist in the Miss Universe pageant,  has contributed almost LAK 10 million to Hmong Women Network for under privileged Hmong women.

Lao Food Producers Hope for Place on the International Stage

Lao food and beerlao.(Cr: jipnoi).

Have you ever been to the Lao Food Festival in Vientiane? This year’s Lao Food Festival was organized last week, attracting a number of domestic and international guests to taste Lao cuisine.

Laos National Assembly Approves Cabinet Reshuffle and New Appointments

Minister of Finance Mr. Bounchom Oubonpaseuth assures National Assembly that public debt is manageable (Photo: KPL)
Minister of Finance Mr. Bounchom Oubonpaseuth assures National Assembly that public debt is manageable (Photo: KPL)

The Government of Laos approved the replacement of three ministers in a surprise reshuffle.

Lao-American Chef Celebrates the Joys of Cultural Exchange, the Lao Food Festival, and Bamboo Soup

Saeng Douangdara Discusses American, Lao Cuisine
Saeng Douangdara with VoyageLA team (photo: voyagela)

Saeng Douangdara, a famous Lao-American chef spoke with The Laotian Times last week during his visit to Laos to give his thoughts on Lao and American cuisine.