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PFGBest mystery deepens with Vegas marriage as Iowa brokers pack

CEDAR FALLS, Iowa: Employees emptied their desks and a local charity collected food from the cafeteria of failed broker PFGBest's Iowa offices on Wednesday, most still seeking answers to the expanding scandal that has shaken the industry.

Facebook agrees to pay US$10mil

SAN FRANCISCO: Facebook Inc has agreed to pay US$10mil to charity to settle a lawsuit that accused the site of violating users’ rights to control the use of their own names, photographs and likenesses, according to court documents made public over the weekend.

U.S. charitable giving approaches $300bil in 2011

NEW YORK: Donations to charity rose to $298.42 billion last year, but were still $11 billion below a 2007 record as nonprofits battle through the sector's second-slowest recovery from recession in 40 years, a study released on Tuesday said.

Genting Plantations profit down

PETALING JAYA: Genting Plantations Bhd’s net profit for the first quarter of 2013 fell 44% to RM44mil from RM78.7mil a year ago, due to the effects of lower palm product selling prices and a RM31mil contribution for charity purposes.

Focusing on responsibility

THE story of Trumer International Bhd began with a small charity group offering support and help for those with chronic illnesses. Eventually, the group decided to form a company to promote their core principles — truth and mercy — and it was from here that the name Trumer was derived.

Company raises funds to improve Montfort Boys Town

KONICA Minolta Business Solutions (M) Sdn Bhd hosted a charity drive for Montfort Boys Town in conjunction with the Sime Darby LPGA 2013 and CIMB Classic 2013 tournaments where they were the official document solutions partner.

BToto is sole eligible bidder of Philippines lottery system

PETALING JAYA: Berjaya Philippines Inc has emerged as the only bidder eligible for the five-year lease of the Philippine Charity Sweepstakes Office (PCSO) lottery system through its subsidiary Philippine Gaming Management Corp (PGMC).

Double dipping

THERE seems no end to scandals involving charities, especially those that espouse the highest standards of integrity.


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