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King grants audience to Vice President of Turkiye

August 18, 2022 by www.theedgemarkets.com

The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah (fourth, left) granted an audience to Turkiye Vice President Fuad Oktay in conjunction with His Majesty’s state visit to Turkiye in Ankara, on Wednesday, Aug 17, 2022.(Bernamapix) - A + A ANKARA (Aug 18): Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah on Wednesday (Aug 17) granted an audience to Turkiye Vice President Fuad Oktay at the JW Marriot Ankara Hotel here, in conjunction with His Majesty's state visit to Turkiye. Comptroller of the Royal Household for Istana Negara Datuk Seri Ahmad Fadil Shamsuddin in a statement said the unscheduled audience was held following His Majesty's meeting with Turkish President Recep Tayyip Erdogan, after the state welcome ceremony on Tuesday. In the hour-long audience, several issues were discussed, especially on bilateral relations. Ahmad Fadil said the audience was in line with Prime Minister Datuk Seri Ismail … [Read more...] about King grants audience to Vice President of Turkiye

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Kristin Cavallari & Stephen Colletti Get Candid About Their New Podcast And Finding Success Beyond Reality TV

August 18, 2022 by www.forbes.com

Share to Twitter Share to Linkedin For especially millennials, seeing Kristin Cavallari and Stephen Colletti brings a strong sense of nostalgia from their days starring on the hit 2004 MTV reality show Laguna Beach: The Real Orange County , which followed a group of high schoolers weaving their way through young love & friendship in the California beachfront town. These days, however, you will find two very grown-up entrepreneurs that have paved their own unique paths in business, understanding that Laguna Beach gave them their start but they alone have built what will ultimately become their legacies. Now nearly 18 years since they were first introduced to the world on reality television, Cavallari and Colletti are now the hosts of their own Laguna Beach rewatch podcast with Dear Media called Back to the Beach . On the weekly show, which surpassed one million downloads in its first week alone, they dive into the parts that never made it to … [Read more...] about Kristin Cavallari & Stephen Colletti Get Candid About Their New Podcast And Finding Success Beyond Reality TV

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Going Back to School with Stock Market Fundamentals

August 15, 2022 by www.investopedia.com

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals

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TNB-Malakoff unit gets new court date for RM596 mil IRB assessment notices claim

August 18, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 18): The High Court has granted Kapar Energy Ventures Sdn Bhd (KEV) an interim stay extension on the Inland Revenue Board’s (IRB) enforcement of notices of assessment until Sept 13, 2022. KEV is a 60%-owned subsidiary of TNB Power Generation Sdn Bhd, the latter being a wholly-owned subsidiary of Tenaga Nasional Bhd (TNB), while it is also a 40%-owned associate of Malakoff Corp Bhd. In a filing with Bursa Malaysia, both TNB and Malakoff said the High Court, at the case management session on Thursday, has also vacated the hearing for KEV’s leave application for judicial review that was initially fixed on Aug 18. “The High Court has rescheduled the hearing date for the application on Sept 13, 2022,” they said. According to a filing with Bursa Malaysia on Nov 5, 2021, KEV received notices of assessment from the IRB amounting to over half a billion ringgit. KEV, on Nov 1, 2021, received notices of assessment for 2011, 2012 and 2014, and … [Read more...] about TNB-Malakoff unit gets new court date for RM596 mil IRB assessment notices claim

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Binance secures approval for Kazakhstan operations

August 18, 2022 by business.inquirer.net

FILE MANILA, Philippines — The Astana Financial Services Authority (AFSA) has granted Binance preliminary authorization to operate a digital asset trading facility and offer custody at the Astana International Financial Center (AIFC). The world’s leading blockchain and cryptocurrency infrastructure provider will be able to operate a digital asset trading facility and custody in Kazakhstan. Binance’s CEO expressed his gratitude to AFSA for giving the trust to allow operations in Kazakhstan, stating Binance’s commitment to being a compliance-first exchange and providing products and services in a safe and well-regulated environment around the world. “Kazakhstan has shown itself to be a pioneer in Central Asian crypto adoption and regulation,” said Changpeng Zhao (CZ), founder and CEO of Binance. Gleb Kostarev, Regional Head of Asia at Binance, said “This is a landmark achievement for Binance in Kazakhstan. We are grateful to the Astana International Financial Center for their … [Read more...] about Binance secures approval for Kazakhstan operations

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Makati court sets aside void order vs Gatchalian’s P34-B reclamation project

August 18, 2022 by business.inquirer.net

A Makati City court has set aside an earlier order voiding the disputed P34-billion Manila Bay reclamation venture of the Gatchalian family, calling the decision last April “premature.” This involved the 2017 joint venture agreement for the Manila Waterfront City, a sprawling mixed-use development spanning 318 hectares that would be located west of the Quirino Grandstand up to the breakwater of Manila South Harbor. The project was assailed by petitioner Asean Seas Resources and Construction Development Corp., which claims overlapping rights in the area that was awarded three decades ago during the term of the late president Corazon “Cory” Aquino. But on Aug. 4, the Makati court said the petitioner failed to “implead” the Office of the President, which it said was an indispensable party, when it sued the joint venture parties and stakeholders Philippine Reclamation Authority (PRA), the City of Manila and Gatchalian-led Waterfront Manila Premier Development Corp. The President … [Read more...] about Makati court sets aside void order vs Gatchalian’s P34-B reclamation project

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A new SMDC community in Angeles City, Pampanga built for the new breed of investors

August 18, 2022 by business.inquirer.net

The last two years have changed how young investors look at real estate. The far-reaching effects of pandemic on their personal and professional lives was the game-changer. They realized the value of owning living spaces that are not only conducive for their ideal lifestyle, but also infallible when it comes to financial gain and stability. Let’s take a look at the reasons why property investments capture this segment’s interest, and why Angeles City, Pampanga is a hotbed one should definitely consider. Property as the wisest investment Now Residences, a mid-rise garden community in Angeles City, Pampanga presents both end-users and investors a sure and wise choice when it comes to investing outside of Metro Manila. Financial gurus agree that r eal estate is emerging as a strong hedge against the roaring inflation, and young investors are at the forefront of it. Industry leader SM Development Corporation (SMDC) realized this with 54% of their increase in revenue … [Read more...] about A new SMDC community in Angeles City, Pampanga built for the new breed of investors

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Pharma company distributed Rs 1000 Cr freebies to prescribe Dolo 650mg tablets: SC told

August 18, 2022 by www.moneycontrol.com

Representative Image The Supreme Court Thursday was told by an NGO that the Central Board of Direct taxes has accused the Pharma company manufacturing popular Dolo tablets, an anti-inflammatory, fever reducer drug, of distributing Rs 1000 crore freebies to doctors for prescribing a dosage of its 650 mg tablets. A bench of Justices DY Chandrachud and AS Bopanna was told by senior advocate Sanjay Parikh and advocate Aparna Bhat, appearing for petitioner 'Federation of Medical and Sales Representatives Association of India', that the market price of any tablet up to 500mg is regulated under price control mechanism of the government but the price of drug above 500mg can be fixed by manufacturer Pharma Company. He said that to ensure a higher profit margin, the company distributed freebies to doctors to prescribe the Dolo drug of dosage 650mg capacity. Parikh added that it is an "irrational dose combination" and said that he would like to bring more such facts to the knowledge of … [Read more...] about Pharma company distributed Rs 1000 Cr freebies to prescribe Dolo 650mg tablets: SC told

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SC orders status quo, says Delhi HC-appointed CoA will not take over affairs of IOA

August 18, 2022 by www.moneycontrol.com

Supreme Court In an interim relief, the Supreme Court on Thursday ordered status quo and said the Delhi High Court-appointed three-member Committee of Administrators (COA) will not take over the affairs of the Indian Olympic Association. A bench headed by Chief Justice N V Ramana took note of the submissions of Solicitor General Tushar Mehta, appearing for the Centre and the IOA, that the world sports body does not recognise any un-elected bodies like the CoA and consequently, India may be barred from taking part in international sports events. The top court took note of the submissions of the law officer that the order may have negative repercussions on the nation and granted the interim relief ordering status quo into the affairs of the IOA. Consequently, the Delhi High Court-appointed COA, comprising former Supreme Court judge Justice Anil R Dave, former Chief Election Commissioner S Y Quraishi, and former Secretary of Ministry of External Affairs Vikas Swarup, will not … [Read more...] about SC orders status quo, says Delhi HC-appointed CoA will not take over affairs of IOA

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SpiceJet, Credit Suisse agree to withdraw litigation from Supreme Court

August 18, 2022 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × SpiceJet and Credit Suisse have agreed to withdraw the litigation from the Supreme Court after placing terms of settlement before it. On August 18, the parties informed the top court that a settlement was arrived at earlier this year and placed the final terms of settlement the court. In light of the settlement of the dispute, the parties consented to withdraw the litigation, the Supreme Court was told. Allowing the request for withdrawal, the apex court granted liberty to the parties to approach the Madras High Court for withdrawal of bank guarantee for $ 5 million deposited to the court. The payment dispute between Credit Suisse and SpiceJet had led to the Madras High Court ordering the winding up of the airline. The high court's order was affirmed by a division-bench of the same … [Read more...] about SpiceJet, Credit Suisse agree to withdraw litigation from Supreme Court

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