PAYDAY LENDING (The State)
PAYDAY LENDING (The State)
The case for and against Efforts to tighten regulation of payday lending in S.C. failed in the Legislature this year. Proposed bills would have capped annual interest rates at 36 percent instead of the 391 percent lenders can collect. An amended version of the bill would have limited borrowers to one loan at a time, total loans per year at two and required a five-day wait between loans. …
DepEd cash advances cut to P72 M (Yehey!)
The Department of Education (DepEd) has been implementing stringent fiscal procedures over the past year to drastically reduce unliquidated cash advances from a high of P405 million in 2007 to P71.9 million as of August 31, 2008.
Gold Advances for Second Day in London as Stocks Markets Climb (Bloomberg)
Oct. 29 (Bloomberg) — Gold rose for a second day in London as stock markets in Europe advanced, curbing investors’ sales in the metal to raise cash. Silver also climbed.
Financial Turmoil Threatens Biotechs Cash (New York Times)
So many biotechnology companies talk about extending the runway these days, you might think they had entered the airline business, The New York Timess Andrew Pollack writes.
Broader Financial Turmoil Threatens Biotech?s Innovation and Cash (New York Times)
Biotech companies, some of the riskiest stock around because most experimental drugs fail, have been negatively impacted by the financial crisis.
Noble Advances in Singapore, Forecasts Record Profit (Update2) (Bloomberg)
Oct. 28 (Bloomberg) — Noble Group Ltd. , the second-worst performer in Singapore’s benchmark index over the past month, surged after the commodity supplier forecast record profit for the three months to September and said cash balances were increasing.
Noble Advances in Singapore, Forecasts Record Profit (Update1) (Bloomberg)
Oct. 28 (Bloomberg) — Noble Group Ltd. , the worst performing stock in Singapore’s benchmark index over the past month, gained after the commodity supplier forecast record profit for the three months to September and said cash balances were increasing.
Global Cash Access Sets Date for Third Quarter 2008 Earnings Conference Call (wallstreet:online AG)
Global Cash Access Holdings, Inc. (NYSE:GCA), a leading supplier of cash access products and related
Police to file criminal charges against officers in cash scandal (GMA News)
MANILA, Philippines - The Philippine National Police (PNP) will file criminal charges against a retired official and three other active senior officers for the alleged unauthorized release of millions of pesos in cash advance for an official mission abroad.
Atlas seeks $48-M cash infusion for copper mine project (Philstar.com via Yahoo! Philippines News)
Atlas Consolidated Mining & Development Corp. (ACMC), the country’s second-largest mining firm, is seeking a $48-million cash infusion from its shareholders for unit Carmen Copper Corp. (CCC), which operates the Toledo copper mine in Cebu.