Goldman Sachs officials reach $79.5-million shareholder settlement over 1MDB scandal

GOLDMAN SACHS Group, Inc. officials have a reached a settlement for shareholder claims. — REUTERS NEW YORK — Goldman Sachs Group, Inc. officers and directors reached a $79.5-million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting scandal at Malaysia’s 1MDB sovereign wealth fund. A preliminary […]

Reissued T-bonds fetch higher rates

THE GOVERNMENT partially awarded the reissued Treasury bonds (T-bonds) it offered on Wednesday as markets again reacted to a hawkish US Federal Reserve and an expected tightening by the Bangko Sentral ng Pilipinas (BSP) at the next Monetary Board meeting. The Bureau of the Treasury (BTr) raised just P25.10 billion via the reissued 10-year T-bonds […]

SEA Games boxers, starring Nesthy Petecio, Eumir Marcial, confident of Vietnam prospects

THE Association of Boxing Alliances in the Philippines (ABAP) is “cautiously optimistic” as its 10-strong contingent defends its overall crown in the Southeast Asian Games (SEAG) against perennial rival Thailand and vastly-improved host Vietnam. “We are proceeding with a lot of enthusiasm and focus hoping that we can maintain the same kind of excellence that […]

Myanmar Government to Accelerate Energy Projects and Amid Power Shortages; Says Sanctions End Up Hurting Foreign Investors, Local Workers and Businesses More

NAY PYI TAW, MM, Apr 21, 2022 – (ACN Newswire via SEAPRWire.com) – The Myanmar Government will accelerate development of hydrocarbon and renewable energy even as it repairs power lines damaged by terrorists while seeking to increase foreign investments despite the threat of fresh economic sanctions, the Ministry of Information (MOI) and Ministry of Investment […]

DENSO Products Electrify Toyota and Subaru’s New All-Electric bZ4X and SOLTERRA

KARIYA, JAPAN, Apr 14, 2022 – (JCN Newswire via SEAPRWire.com) – DENSO Corporation today announced it is providing key electrification components to Toyota and Subaru’s all-new, all-electric bZ4X and SOLTERRA, scheduled to be released in May 12, 2022 and mid-2022 respectively. DENSO products help the battery electric vehicle (BEV) go farther, charge faster, optimize battery […]

Ancient sarcophagus found under Notre Dame cathedral in Paris

PARIS —  Archaeologists have found an ancient lead sarcophagus under Notre-Dame cathedral along with fragments of a rood screen, offering a new insight into the history of the building which is currently under reconstruction after a devastating fire in 2019. Notre-Dame, which dates back to the 12th century, commissioned the excavation works inside the cathedral […]

Obesity policy to be approved in April

A National Policy on Addressing Overweight and Obesity is in its final review stage, and is scheduled for approval in April by the governing board of the next National Nutrition Council (NCC). The multisectoral policy addresses the growing obesity rates in the Philippines by providing guidance for population-based approaches for prevention, mechanisms to influence the food environment, […]