Kapa to face criminal raps over P50-B investment scam

The Philippine Securities and Exchange Commission (SEC) announced on Monday, June 10, that it will file criminal complaints against officials of Kapa Ministry International...

California set to provide health insurance to illegal immigrants

California is set to become the first ever state to provide government-backed health care coverage to immigrants illegally living in the country. This follows...

Russian Sovereign Wealth Fund: US Allegations to Huawei are Unproven and...

Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), has responded to the U.S. claim that China’s Huawei presents a national...

Synapse Raises $33 Million for Scaling Operations and Expansion

Synapse, a financial technology company that operates a platform that allows banks and other fintech companies to efficiently develop financial services has concluded a...

PhilHealth: ‘Overpayments’ not Fraud but ‘Efficiency Gains’

The Philippine Health Insurance Corporation (PhilHealth) explained that allegations of overpayments are untrue, reports the Philippine Daily Inquirer. Instead, these suspected overpayments are considered...

Possible Finance Gets $10.5m, Aims for Softer Lending Policies

On June 6, 2019, Possible Finance announced its successful round of funding. The company closed a whopping $10.5 million in funding under the Series...