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By Karen Freifeld NEW YORK Wed Jul 9, 2014 8:13pm EDT (Reuters) – German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The penalty, previously reported to be more than $500 million, includes a demand from New York’s top banking regulator, Benjamin Lawsky, for more than $300 million from the […]
Certain provisions of the Disbursement Acceleration Program or DAP have been declared unconstitutional. This is exactly the decision of the Supreme Court. Consequently, the Palace reaped criticism from some sectors of our society due to the false distribution of additional funds to the legislators. There also calls for the return of the said funds to the state coffers by those involved in the issue. In its defense, the Palace said that they made use of […]
(Reuters) – Both candidates claimed victory in Indonesia’s presidential election on Wednesday, suggesting there could be a drawn out constitutional battle to decide who will next lead the world’s third-largest democracy. Just a few hours after voting closed, Jakarta governor Joko “Jokowi” Widodo said he had won, based on quick counts of more than 90 percent of the votes. A victory for him would be seen as a triumph for a new breed of politician […]
MANILA (Philippine News Agency) — The Metropolitan Manila Development Authority (MMDA) and local government units (LGUs) of Metro Manila will deploy a Metro Manila Public Safety Legion to ensure the safety of millions of participants who are expected to join the Iglesia ni Cristo (INC) centennial anniversary on July 27 at the Philippine Arena in Bocaue, Bulacan. MMDA Chairman Francis Tolentino announced Wednesday that the legion will be composed of traffic enforcers, rescue personnel, policemen, […]
The Commission on Audit announced that almost Php 1.1 billion was spent by TESDA on fake scholars. Said money came from the controversial DAP.
A drunk man was arrested in Tondo, Manila when he punched a police officer.
The rice supply of the Philippines continue to dwindle especially now in what is considered lean months. According to the Philippine Statistics Authority, the rice supply has dwindled by 8%.
The Department of Transportation and Communications announced that there is still no exact date regarding the implementation of the increased price rate of the LRT and the MRT.
Germany and Argentina will face each other in the championship game of th e 2014 World Cup after winning their respective semi-finals match.
One of the accused in the pork barrel scam, Atty. Gigi Reyes is already in the custody of the Bureau of Jail Management and Penology, in the female dormitory of its compound in Camp Bagong-Diwa, Bicutan, Taguig City.
Senator Ramon Revilla will not attend the hearing for his motion for bail, but his lawyer is already in Sandiganbayan.
(Reuters) – The new Harry Potter attraction at Universal Orlando opened on Tuesday to crowds of fans eager to be among the first to experience the theme park’s Diagon Alley expansion based on J.K. Rowling’s books and the popular films about the boy wizard. Fans began lining up before dawn for the public opening of the “The Wizarding World of Harry Potter – Diagon Alley” attraction, modeled after the London shopping district for wizards that […]
