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CALL FOR JUSTICE Members of the Rural Missionaries of the Philippines demand justice for Fr. Marcelito “Tito” Paez, who was gunned down by unidentified assailants on Monday in Jaen, Nueva Ecija, during a condemnation rally at Jamboree Rotunda on Tomas Morato Avenue in Quezon City in this photo taken in 2017. —GRIG C. MONTEGRANDE MANILA, Philippines – The Rural Missionaries of the Philippines (RMP) denounced what it said was a “Marcosian state attack” against some of its members, who are facing non-bailable charges for allegedly financing the Communist Party of the Philippines – New People’s Army (CPP-NPA). The Department of Justice earlier indicted 16 individuals, including four RMP nuns, claiming that the group’s bank accounts showed that those involved “made funds available to the CPP-NPA.” READ: Members of church-based org face non-bailable raps for terror financing In a statement on Thursday, the RMP called the move a “part of [the] worsening state repression against … [Read more...] about Missionary group cries foul over terrorist financing raps vs members

People who are affected by infertility do have options to try, but in vitro fertilization (IVF) and the diagnostics, medication, surgery, and other treatments can be expensive. In some cases, medical insurance will cover many of the costs, but in other cases it won't. On a global scale, 15% of reproductive-aged couples are impacted by infertility around the world, according to World Health Organization (WHO) estimates. The majority of people affected by infertility (including men, women, LGBTQ couples, and single people), will pay out-of-pocket . Depending on the treatment, out-of-pocket costs can easily reach thousands of dollars. Some states have laws that require insurance companies to cover treatment for infertility, but the laws vary. Here, we'll explain how state laws affect insurance coverage for fertility treatment in more detail. Key Takeaways Mandatory insurance coverage for fertility treatment and medication is not widespread in the U.S. Many insurers do … [Read more...] about States Laws & Insurance Coverage for Fertility Treatments & Medication

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

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

- A + A KUALA LUMPUR (Aug 18): Dialog Group Bhd's net profit fell 14.65% to RM118.25 million for the fourth quarter ended June 30, 2022 (4QFY22), from RM138.54 million a year earlier, on higher project cost and losses in some of the projects under both its local downstream and international businesses. Earnings per share slipped to 2.1 sen from 2.46 sen previously, the group's Bursa Malaysia filing on Thursday (Aug 18) showed. Quarterly revenue however rose 29.4% to RM675.65 million from RM522.14 million following increased business activities in both local and international operations. For the full FY22, Dialog saw its net profit drop 6.47% to RM508 million from RM543.14 million in the previous financial year, despite revenue rising 44.04% to RM2.32 billion from RM1.61 billion. Dialog said the higher revenue reported by its local operations for 4QFY22 was due to increased activities in the upstream, midstream and downstream activities. The upstream activities … [Read more...] about Dialog’s 4Q net profit falls 15% on higher project cost, losses in some projects

- A + A KUALA LUMPUR (Aug 18): Lambo Group Bhd said it was unaware of any wrongdoing related to its indirect wholly owned subsidiary Fujian Accsoft Technology Development, after China's finance ministry imposed a penalty on the subsidiary's auditor last month. Referring to an article on the sinchew.com.my website on July 13 relating to the penalty, Lambo said it was only made aware of the article by Bursa Malaysia Securities on Wednesday. “At this juncture, the company is not aware of any wrongdoing in connection to Fujian Accsoft. Nevertheless, the company will verify the contents of the article and to take necessary action, if any,” Lambo said. “The company reserves all comments and shall make the necessary announcement(s) as appropriate when there are further developments to this matter,” said the company in a bourse filing. China’s Global Times reported in July that the country's finance ministry had imposed an administrative fine against an accounting firm … [Read more...] about Lambo says not aware of any wrongdoing in China subsidiary

- A + A (Aug 18): The UK government is holding talks with senior finance executives to find ways to stimulate demand for listings, the latest initiative that aims to boost the City of London after Brexit. Nadhim Zahawi, the Chancellor of the Exchequer, and Treasury officials are holding a series of informal discussions with senior bankers and other executives in the City to find new ways to stimulate investor demand in a bid to help attract more listings to London, boosting its competitiveness with New York, people familiar with the discussions said. Ideas that are under consideration include setting up a dedicated fund that would invest in equity offerings and incentivising institutional as well as retail investors to participate in share sales, people familiar with the matter said, asking not to be identified discussing private matters. Risk-averse fund managers are seen as a particular hurdle to a thriving equity capital market in London, one of the people said. … [Read more...] about Treasury taps City of London again in latest push to buoy IPOs

- A + A (Aug 18): Germany will temporarily cut sales tax on natural gas to 7% from 19% to ease the burden on households and companies suffering due to surging energy costs and hit by a new levy taking effect in October. Chancellor Olaf Scholz announced the move — which could cost about 14 billion euros (US$14.2 billion) in lost revenue — in a brief statement to reporters Thursday in Berlin and said the government expects suppliers to pass the VAT reduction fully on to consumers. The lower rate will apply from Oct 1 and expire at the end of March 2024. “With this step, we are reducing the burden for gas customers overall much more than the burden created by the gas levy,” Scholz said. “This reduced VAT rate will apply as long as the gas levy is collected.” The government is imposing the levy on gas consumers to help fund compensation for importers forced to pay higher prices due to Russia squeezing gas deliveries via the Nord Stream pipeline. If any of Germany’s … [Read more...] about Germany slashes VAT on gas to ease burden from soaring costs

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. Ong has been active in the local corporate scene over the past few years. (Photo by Mohd Izwan Mohd Nazam/The Edge) - A + A CHEMICAL products distributor Hextar Global Bhd, the flagship company of Datuk Eddie Ong Choo Meng, is selling its manufacturing plant and the land on which it sits to KIP Real Estate Investment Trust (KIP REIT), in which Ong has a stake as well. Hextar Global, which bought the land in Klang in October 2005 for RM12.58 million, will lease back the assets after the sale. The company explains that the RM27 million sale is to unlock asset value and reduce its funding requirements. Nonetheless, Hextar Global’s asset sale is not that big a deal compared with that of its controlling shareholder Ong. The 44-year-old businessman is selling two industrial properties, namely warehouses and a factory, to KIP REIT for RM51.7 million cash. His original … [Read more...] about Hextar group boss continues acquisition spree

Earlier this summer, Tesla announced its intention to split its stock—a surprise to many, since Tesla shares split just two years earlier . But shareholders obviously approved the additional split, as did Tesla’s board of directors, which officially okayed the 3-to-1 split on August 5. That split is now just a week away, but today is an important date for those hoping to benefit from it, too. Here are all the critical dates you need to know about Tesla’s upcoming stock split: advertisement Wednesday, August 17, 2022: Anyone wanting to receive two extra shares for each TSLA share they own needs to be a shareholder of record by this date. If you own TSLA shares on August 17, one week later you will receive two additional shares for each you own. Wednesday, August 24, 2022: One week after the shareholder of record cutoff is when TSLA shares actually split. After the stock market closes on August 24, TSLA shares will split 3-to-1, and by the next morning … [Read more...] about Tesla stock split: Date, day of record, and what happens next