INQUIRER FILE PHOTO LEGAZPI CITY—Three drug personalities were arrested and more than P10,000 worth of shabu (crystal meth) were confiscated in separate buy-bust operations on Tuesday, August 9, in Naga City in Camarines Sur province. Master Sergeant Tobias Bongon, Naga City police spokesperson, said in a statement Wednesday that Melvin Burce, 34, and Christine Mirando, 20, were arrested around 7:30 p.m. in Barangay Sabang. Authorities recovered five sachets of shabu worth P6,500 from the suspects, who are in the police’s illegal drugs watch list. In Barangay Balatas, Cesar Talagtag, 48, was also arrested at 1:47 p.m. Four sachets of shabu worth P4,080 were confiscated from Talagtag. The suspects face charges of violating the Comprehensive Dangerous Drugs Act of 2002. RELATED STORIES https://newsinfo.inquirer.net/1632635/three-nabbed-for-illegal-drugs-gun-in-naga-city https://newsinfo.inquirer.net/1618411/p3-4-million-shabu-seized-in-naga-city lzb … [Read more...] about 3 nabbed in Naga City buy-busts
Ring alarm where to buy
Mapping The Future Sustainability Of Buy Now, Pay Later
Share to Twitter Share to Linkedin Yaacov Martin is CEO and Co-Founder of Jifiti , a global fintech that provides white-labeled BNPL solutions to leading banks and lenders. With Klarna’s valuation dropping around 80% to around $7 billion and other BNPL fintech stocks crashing left, right and center, it’s inevitable that one may wonder, “Is the BNPL model sustainable?” Before exploring this question, it’s important to take a step back and understand the BNPL landscape and its place within the greater economic picture. Compared to the rest of the market, why is their downturn more like a nosedive? Why have BNPL fintechs, which were previously booming, taken such a hit to their valuations? The interest by regulatory bodies, such as the CFPB’s BNPL inquiry in December 2021 , sparked an immediate decline, but there is a greater economic factor at play here. The signals began in 2021, the minute investors started feeling … [Read more...] about Mapping The Future Sustainability Of Buy Now, Pay Later
Blue Nile Acquisition Completed, Company To Go Private
Share to Twitter Share to Linkedin An investor group comprised of Bain Capital Private Equity, Bow Street and Adama Partners completed the acquisition of online diamond and jewelry retailer, Blue Nile, Friday for $40.75 per share in cash, the Seattle-based company said in a statement. A Securities and Exchange Commission 8-K document said the “total amount of funds used to complete the merger and related transactions and pay related fees and expenses was approximately $520 million.” The transaction was first announced on Nov. 7, 2016 , and was approved by Blue Nile's shareholders on February 2. Trading in Blue Nile’s common stock on NASDAQ will end February 21. “Blue Nile has disrupted and transformed the way consumers shop for and purchase diamonds and fine jewelry by creating price transparency while simultaneously providing value to suppliers,” said Blue Nile chairman, CEO and president Harvey Kanter. “As we enter the next phase of growth, Blue Nile will … [Read more...] about Blue Nile Acquisition Completed, Company To Go Private
How Blue Nile Delivered A Million Pieces Of Bridal Jewelry
Share to Twitter Share to Linkedin It hides in plain sight in a Seattle neighborhood. A building that would not attract even a hint of curiosity. Inside it’s a bit of a different story as this seemingly bare-bones structure serves as the fulfillment center for Blue Nile , the world’s largest Internet retailer of diamond jewelry. It’s easy to view Blue Nile solely as an early eCommerce success story but perhaps its greatest feat is the ability to produce and ship jewels in a highly efficient manner based on the individual requirements of an online order. This efficiency is one of the ways it earns the trusts of customers making a highly emotional purchase. The nondescript nature of the facility is due to security concerns. The merchandise is highly valuable, consisting of diamonds, colored gems and precious metals. Inside, multiple doors are used to enter and leave certain areas for security purposes. Workers were not identified in the story for the same … [Read more...] about How Blue Nile Delivered A Million Pieces Of Bridal Jewelry
Micron to invest US$40b by 2030 to build US memory plants
- A + A (Aug 9): Micron Technology Inc said it will use “anticipated” government grants and credits to help it invest US$40 billion by the end of the decade to build out US semiconductor manufacturing capacity. The company expects to begin to produce chips after 2025 and said it will create as many as 40,000 jobs, the Boise, Idaho-based memory manufacturer said in a statement on Tuesday. The investment is being funded with subsidies it believes it will be awarded from the Chips and Science Act, Micron said. The spending plan is part of the company’s previously announced US$150 billion global investment goal, which it detailed last year. President Joe Biden is expected to sign the chips act into law on Tuesday as part of a package of spending and tax reforms. Most of Micron’s production is done in Japan, Singapore and Taiwan. “Micron’s domestic leading-edge manufacturing capabilities will ensure US national security and supply chain resilience as demand for memory … [Read more...] about Micron to invest US$40b by 2030 to build US memory plants
Pelosi trip hinders Biden effort to galvanize Asia against China
Supporters await a convoy carrying US House Speaker Nancy Pelosi outside the Grand Hyatt hotel in Taipei, Taiwan, on Tuesday, Aug 2, 2022. US House Speaker Nancy Pelosi landed in Taiwan on Aug 2 evening, in defiance of Chinese threats, a trip that would make her the highest-ranking American politician to visit the island in 25 years. - A + A (Aug 9): House Speaker Nancy Pelosi’s swing through Asia aimed to convey the US’s “strong and unshakable” support for the region. It ended up leaving many countries in stunned silence, as China conducted unprecedented military drills around Taiwan. The shockwaves from the highest-level US visit to Taiwan in a quarter century are still reverberating around the region days after she flew back to Washington. China’s military has extended exercises designed to show an ability to encircle the island and cut off the Taiwan Strait, one of the world’s busiest trade routes, days after launching missiles that likely flew over Taipei … [Read more...] about Pelosi trip hinders Biden effort to galvanize Asia against China
Biden to sign bill to boost US chips, compete with China
- A + A WASHINGTON (Aug 9): President Joe Biden on Tuesday will sign a bill to provide US$52.7 billion in subsidies for US semiconductor production and research and to boost efforts to make the United States more competitive with China's science and technology efforts. The White House is touting investments that chip companies are making even though it remains unclear when the US Commerce Department will write rules for reviewing grant awards and how long it will take to underwrite projects. The chief executives of Micron, Intel, Lockheed Martin, HP and Advanced Micro Devices will attend the signing, set for 10am EDT, as will cabinet officials and auto industry and union leaders, including United Auto Workers President Ray Curry, the White House said. Also attending will be governors of Pennsylvania and Illinois, the mayors of Detroit, Cleveland and Salt Lake City, and lawmakers. The White House said the bill's passage was spurring new chip investments. It noted … [Read more...] about Biden to sign bill to boost US chips, compete with China
Bursa ends mixed
- A + A KUALA LUMPUR (Aug 9): Bursa Malaysia closed mixed on Tuesday (Aug 9) with the benchmark index ending in the positive territory backed by buying in heavyweights, in sync with the mixed performance in regional bourses. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.65 points to 1,497.68 from Monday’s close of 1,496.03. The benchmark index, which opened 2.49 points higher at 1,498.52 on Tuesday morning, fluctuated between 1,495 and 1,501.03 throughout the trading session. The broader market was negative as losers beat gainers 395 to 373, while 460 counters were unchanged, 1,039 untraded, and eight others suspended. Total turnover increased to 2.52 billion units worth RM1.26 billion from 2.19 billion units worth RM1.33 billion on Monday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said investors seemed reluctant to make more significant moves due to the absence of buying catalysts as the market undertone remained jittery … [Read more...] about Bursa ends mixed
MOF Inc-owned Pernas seeks summary judgement in RM46 mil lawsuit against Serba Dinamik MD, two former execs
- A + A KUALA LUMPUR (Aug 9): Perbadanan Nasional Bhd (Pernas), who is suing Serba Dinamik Holdings Bhd's managing director Datuk Dr Mohd Abdul Karim Abdullah and two former senior executives of the oil and gas services outfit's subsidiaries to claim the return of RM46.49 million over a share investment that went bad, has applied for a summary judgement against the trio. It filed the application on Aug 1 through Messrs Azmi & Associates, claiming that the defendants' defence has no merit, and that there are no longer triable issues to be decided by the court. Pernas, a Minister of Finance Inc (MOF Inc)-owned company with the mandate to lead the development of Malaysia's franchise industry, initiated the lawsuit in May. The two other defendants named in the lawsuit are Rosland Othman and Rosli Hamat. Rosland was previously senior vice president (special project) under Serba Dinamik Group Bhd (SDGB), while Rosli was senior VP (investment) of Serba Dinamik … [Read more...] about MOF Inc-owned Pernas seeks summary judgement in RM46 mil lawsuit against Serba Dinamik MD, two former execs
Opinion: What happens next to Brittney Griner is beyond our control
Gene Seymour is a critic who has written about music, movies and culture for The New York Times, Newsday, Entertainment Weekly and The Washington Post. Follow him on Twitter @GeneSeymour . The opinions expressed in this commentary are solely those of the author. View more opinion on CNN. (CNN) Nobody trusts my ability to forecast the future, least of all me. Nevertheless, I feel fairly safe in predicting that WNBA star Brittney Griner will not serve all nine years of her sentence by a Russian court for drug possession and smuggling. Gene Seymour It's not that much of a stretch to imagine this coming true, especially when recapping the basis for that charge: two vape cartridges of hashish oil found in Griner's luggage at a Moscow airport in February. Nine years? For two cartridges? The maximum sentence is 10 years , and at least Griner didn't get that. Those with long enough memories can't help but think of the incredulous … [Read more...] about Opinion: What happens next to Brittney Griner is beyond our control