According to the government by Mr Settha Thavisin, the Prime Minister and Ministers Minister of Finance There is a policy to help alleviate the debt burden of retail customers. and vulnerable groups By seeking the cooperation of financial institutions in the government and private sector when considering interest reductions
Most recently, the Government Financial Institutions Association revealed, at the association’s board meeting on April 25, 2024, that the meeting had jointly decided to reduce interest rates by 0.25% to help retail customers and vulnerable groups in line with policy’ the government. by the Government Savings Bank Government Housing Bank Small and Medium Enterprise Development Bank of Thailand Export-Import Bank of Thailand Small Industry Credit Guarantee Corporation Islamic Bank of Thailand Including the Bank for Agriculture and Agricultural Cooperatives, which has suspended debt payments to previously farmers. Together, they reduced the reference interest rate for each group of retail customers by 0.25% for a period of 6 months, including the retail customer loan interest rate (MRR – Minimum Retail Rate), the published interest rate (Rate Brief), and the reference rate of return for Prime retail customers (SPRR – Standard Rate of Return for Prime Retail Customer).
5 government banks reduce MRR interest rates. »Read More
Japan Wants To Promote The Middle Corridor Together…
The Japan International Cooperation Agency (JICA) is considering providing support to strengthen the logistics functions of the Middle Corridor.
As Day.Az reports, a source in the company told Trend about this.
“Azerbaijan’s advantageous geographic location, attractive government incentives and commitment to improving the business environment make it a desirable destination for investors seeking opportunities in both established and emerging sectors. Azerbaijan’s advantageous position as a country connecting Europe and Asia has encouraged investment in its transport infrastructure, including the development of roads, railways and ports. JICA is currently considering support to strengthen the logistics functions of the Middle Corridor,” the department said.
The organization recalled that in 2022, JICA signed a loan agreement on project financing with Masdar Azerbaijan Energy LLC, which is implementing a solar photovoltaic station project in Azerbaijan.
“This is the first large-scale solar power project (230 MW) in Azerbaijan, in which both construction and operation will be carried out by a private company. The Azerbaijani government intends to adhere to the Paris Agreement and aims to increase the share of renewable energy sources to 30 percent by 2030. This project will contribute to achieving these goals and ensure stable supply of electricity.
Microsoft Reports Strong Sales And Profit Growth Thanks…
Microsoft’s AI Bet is Starting to Pay Off
Microsoft Corp.’s success in the third quarter of 2024 featured strong growth in its artificial intelligence (AI) and cloud businesses. The software company’s revenue climbed 17%, beating analysts’ expectations, while its profit rose to $2.94 per share.
The success was driven by an increased demand for the tech giant’s AI tools, as more customers sign up for Azure cloud subscriptions featuring OpenAI products. Microsoft CEO Satya Nadella has infused Microsoft’s product line with AI technology from OpenAI, which has become a key stock driver.
Azure Revenue
Azure revenue continued to soar with a gain of 31% in Q3 2024, propelled partly by the increase in interest surrounding their AI-specific revenue stream. According to Dan Morgan from Synovus Trust Co., “Microsoft appears to be in an excellent position to thrive.”
“While of course it’s still early in the long-term AI monetization opportunity, we feel good about where we are.”, said Chief Financial Officer Amy Hood on how they will capitalize on this positive trend.
Mainstream Adoption
Microsoft revealed that more than 65% of Fortune500 companies use Azure OpenAI services revealing signs of mainstream adoption. Additionally;
Vigevano District, Luxury Contractors Grow With Technology And…
Someone took advantage of a moment of crisis to change direction, expand their business, and in peak moments they managed to produce (even) 12 thousand pairs of soles for sneakers from a well-known luxury brand every day. Someone else took over a historic company that ended up in the orbit of one of the great collapses of Italian fashion, corrected the direction of production by becoming a subcontractor, and thanks to a growing business, began to acquire small nearby shoe factories in severe crisis.
The footwear district of Vigevano and Lomellina, although over the years it has suffered from the competitiveness of other Italian luxury footwear hubs, continues to represent a center of excellence which generates 7.3% of the added value of the total Pavia industry: « A district, made up of footwear and Meccano footwear together, which is an evolving ecosystem capable of activating more than one billion euros in annual turnover, with an increase of 28.5% from 2019 to 2022 – explained Alessandro Spada, president of Assolombarda -. Important numbers that could be further increased thanks to teamwork and investment in innovation.” Spada, together with Maria Vittoria Brustia, president of Assomac, and Andrea Ceffa, mayor of Vigevano,
PUBLIC TRANSPORT The State Wants To Modernize Taxis
The capital’s taxis are, for the most part, vehicles in poor condition.
The project to modernize Antananarivo taxis has not completely fallen through. It even emerges from the Greater Antananarivo Urban Mobility Forum that this project still appears in the State program. Valéry Ramonjavelo, Minister of Transport, confirms this. At the Ivato International Conference Center, the government member insisted on the fact that the State still intended to “find solutions to provide financing to help transporters renew their vehicles”. The majority of buses in the capital date back to fifteen or twenty years ago. Improving Antananarivo’s taxis will certainly be a major headache for the authorities and the cooperatives themselves. Antananarivo and its surrounding areas currently have seven thousand buses, most of which are in very poor condition.
The observation is striking: there are too many minibuses and obsolete cars; there are also too many owners but strangely little efficiency in urban transport. Few owners can afford new buses due to high maintenance costs due to the state of the capital’s roads. Nevertheless, the government works hand in hand with technical and financial partners. Among these, the non-governmental organization Codatu which has operated since 1980 in the mobility of large cities in the South.
The Deadline For The SBS To Present The…
The promulgation of the law that authorizes the extraordinary withdrawal of Pension funds has been well received by members of the Private Pension System (SPP)who are awaiting the operating procedure established by the Superintendence of Banking, Insurance and AFP (SBS). The deadline for the regulation of the seventh withdrawal AFP in 2024 expires on May 3, as provided by the Parliament in the «Final Complementary Provision» from Law No. 32002.
After the approval of the Law No. 32002 On April 11, the official statement of the SBS about the start of applications. The regulations, detailed in A Peruvian man, establishes that the beneficiaries may receive up to S/20,600 in four fleets, once the SBS post the details of the operating procedure.
- First army:
– S/5,150 on June 5 - Second army:
– S/5,150 during the first half of July - Third Army:
– S/5,150 during the first half of August - Fourth army:
– S/5,150 during the first half of September
It should be noted that pension fund withdrawals for this seventh occasion will also maintain their intangible status.
Likewise, members will have 90 calendar days to make requests,
Bank Victim Of Fraud Worth Hundreds Of Millions.…
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A Singapore bank was the target of a fraud worth hundreds of millions by cybercriminals who used avatars of the CEO and other employees to carry out the scam.
The story began when a bank employee in Singapore received an email from the CEO, requesting the transfer of hundreds of millions of company funds to an offshore bank account. Given the strangeness of the request, the employee requested a video call to clarify the instructions, says ‘elEconomista’.
The CEO agreed to the video call and explained the necessary procedures in detail. The employee, after more than 20 minutes of conversation, transferred the funds as instructed.
However, hours later, the bank was alerted to the fraud. The CEO who participated in the video call was not real, but an avatar created by AI. Additionally, all the colleagues who appeared on the video call were also AI-powered bots.
Chinas Unexpected Trade Statistics With Russia: What Happened…
/Pogled.info/ China showed unexpected statistics on trade with Russia. In March, sales of Chinese machinery and equipment to Russia decreased. Although in January and February, trade continued to grow at a high level, as in all of 2023, when a new historical record was set. What could have happened in March and how will it affect further trade between Russia and China?
Chinese statistics showed that direct supplies to Russia of machines, equipment (including electrical equipment), mechanisms, their parts and accessories in March 2024 decreased by 15% compared to March 2023 – to $ 2.9 one billion. This is the first decline in 16 months since December 2022 (then there was a decline of 11% since December 2021).
Exports of Chinese land vehicles (cars, trucks, tractors and their parts) fell further, 20%, to $1.4 billion compared to March 2023.
Against the background of the highest growth in trade turnover between Russia and China over the past two years, such a decline seems rather strange. Already in January and February 2024, China registered a growth in trade turnover by 14.1% – up to 36.1 billion dollars. China’s exports to Russia rose 12.5% in two months to $16.8 billion.
Africa: Cooperation, Codeway Program Online
by: Gianfranco Belgrano | April 26, 2024
The Codeway program is online, the expo organized by Fiera Roma and dedicated to development cooperation and in particular the role of businesses in this area.
International development cooperation has witnessed various changes in recent years. What was once solely a bilateral framework between traditional actors and stakeholders now incorporates, together with civil society and multilateral institutions, the decisive involvement of private actors. This is also achieved by offering new areas of action to emerging countries: the latter simultaneously become beneficiaries and drivers of sustainable development in which they are increasingly protagonists.
From these assumptions, Codeway Expo was born, the platform created to bring together the most important players in the world of international cooperation under one roof. The objective is to provide tools to support and stimulate the role of businesses (public and private sector) within the Italian and European development aid strategy. The next appointment is scheduled at Fiera di Roma, from 15 to 17 May. For more information, click here.
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