Clip Money is pleased to announce its financial results for the fiscal year 2025. The Company reported record revenue growth in 2025, up 143% from 2024.
Clip Money is pleased to announce its financial results for the fiscal year 2025. The Company reported record revenue growth in 2025, up 143% from 2024.
Singapore is considering additional gold storage space to accommodate other central banks’ holdings, as part of a broader push to establish the nation as an international bullion hub. The city state is evaluating potential locations, including a plot of land near Changi Airport, according to people with knowledge of the matter, declining to be named as the discussions are confidential. The central...
Singapore is considering additional gold storage space to accommodate other central banks’ holdings, as part of a broader push to establish the nation as an international bullion hub. The city state is evaluating potential locations, including a plot of land near Changi Airport, according to people with knowledge of the matter, declining to be named as the discussions are confidential. The central bank “is considering the use of our existing facilities for the vaulting of gold,” a spokesperson from the Monetary Authority of Singapore said in response to queries, but didn’t comment on whether it would enlarge its vault. Authorities in the country have announced a plan with a local industry group to develop services and products to boost the precious metal’s trade, including a clearing system for over-the-counter settlement as well as capital-market products. Read More: Singapore Looks to Become Hub for Hosting Central-Bank Gold Bullion vaults are often located in places with secure and efficient links to airports, where metal can be easily flown in or out, while minimizing the amount of time bullion is on the road. Attracting central banks – the ultimate providers of liquidity given the large volumes of gold they hold in reserves – will be key to Singapore’s plans, along with support from established financial institutions that serve as market makers. Together, these form the backbone of the world’s dominant gold-trading hub — London — where billions of dollars’ worth of the metal is traded every day. Monetary authorities globally hold nearly 39,000 tons of bullion, or about 18% of all gold ever mined, according to the World Gold Council. Even a small share of that market would bolster Singapore’s influence in regional trade that is currently dominated by Hong Kong, the gateway for precious metals going in and out of China, the world’s largest consumer.
Earnings Call Insights: GEN Restaurant Group (GENK) Q4 2025 Management View CEO Wook Kim said the quarter faced “a very challenging environment,” citing that “the majority of our customer base is Hispanic in many of our markets, and they have been put under extreme pressure through the immigration enforcement,” adding that “this significantly reduces our customer traffic,” and that “the increase i...
Earnings Call Insights: GEN Restaurant Group (GENK) Q4 2025 Management View CEO Wook Kim said the quarter faced “a very challenging environment,” citing that “the majority of our customer base is Hispanic in many of our markets, and they have been put under extreme pressure through the immigration enforcement,” adding that “this significantly reduces our customer traffic,” and that “the increase in the fuel prices because of the war has reduced customer discretionary spending,” contributing to “a decrease in our same-store sales.” CEO Kim highlighted development activity and early 2026 openings: “We opened 15 restaurants in 2025, including six located in South Korea for a total of 57 restaurants in operation,” and “in the first quarter of 2026, we opened two additional restaurants in Tucson, Arizona and Denton, Texas.” CEO Kim described a portfolio action: “we have recently entered into a joint venture with Chubby Cattle International to partner on five of our non-performing restaurants,” with GEN owning 49% and Chubby Cattle 51%, and said, “This transaction creates a $4.5 million write-down, but will create five profitable restaurants that will generate strong EBITDA in the future for which we are entitled to 49% of the profits.” CEO Kim outlined multiple initiatives: “We have adjusted our menu to streamline options,” “enhanced our incentive program with restaurant managers,” tested “new boba drinks as well as soju drinks,” began exploring “our new digital platform,” and said, “we recently launched our GEN loyalty program and are accepting cryptocurrency for payments,” alongside “our new enhanced e-commerce website” and “an AI program to create efficiencies and reduce corporate overhead.” CEO Kim said the Costco program performance was strong: “During 2025, we sold approximately $29 million in gift card to Costco, which is 150% increase over last year.” CEO Kim laid out the CPG expansion and targets, stating, “we had expanded our CPG business to over 800 locations,...