Vietnam’s richest woman, Truong My Lan. (Photo/Dazhi/Associated Press)
Vietnam’s richest woman, Zhang Mei Lan, has been sentenced to the biggest financial fraud case in Vietnam’s history for misappropriating up to US$4.4 billion (about NT$143.1 billion) in cash from Saigon Commercial Bank in the past 11 years. death penalty. However, a rumor recently appeared on the Internet, claiming that Zhang Meilan said in court that she hid gold worth 673 trillion Vietnamese dong (about NT $ 770 billion) in the sea, causing a large number of netizens to joke , “The age of navigation is coming.” More Many people made fake photos and launched “treasure hunt at sea” activities.
According to comprehensive foreign media reports, Zhang Meilan’s trial ended in April, and she was eventually sentenced to death, while her 68-year-old Hong Kong husband Zhu Liji was sentenced to 9 years in the prison The whole case can still be appealed.
A recent video sparked heated discussion among Vietnamese netizens. When Zhang Meilan was on trial in court, he bluntly said that no one knew where he hid the money when he heard the other party say, “The defendant must honestly inform the trial committee In order receive mercy.” Zhang Meilan quickly said,
This Is A Little Unexpected, But Lithuanians Will…
There are signs of recovery in the economy
“We are seeing more and more good news on the economic front,” N. Mačiulis assures, adding that this is “a bit unexpected” due to the geopolitical situation in the world, still very high interest rates.
Swedbank does not change this year’s growth forecast for Lithuania’s gross domestic product (GDP), as previously forecast, the country’s GDP should increase by 1.8 percent. Next year’s growth forecast is increased to 2.8 percent.
It is predicted that this year the economic growth of Lithuania will be the fastest among the Baltic countries, and the problems of last year are already in the past.
The expectations of Lithuanian residents were and are high, and they rate their personal financial situation particularly well. According to N. Mačiulis, last year the majority of the population probably could not even say that they felt the economic recession. It is believed that this may have happened because employment in the labor market is at record highs, unemployment is low, and wages are rising.
As previously announced by the Department of Statistics, annual inflation in Lithuania fell to zero in March, the price of goods was 2.4 percent.
Exploring Opportunities: Musks Journey To India And The…
(Bloomberg) — Elon Musk’s Visit to India: A Strategic Move
Days after Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings, Elon Musk will fly to India to squeeze in a meeting with Prime Minister Narendra Modi.
High Stakes Meeting
It’s not an idle period for Modi either, who’s criss-crossing states for election rallies days after voting kicked off in the world’s biggest ballot where he’s seeking a third term.
The tight timing of their meeting early next week underscores the high stakes for both men. For Musk, the prize is India’s permission for SpaceX’s Starlink Inc. to operate in what will be by far its biggest market, given China’s resistance to the American company.
For Modi, the appearance of Tesla cars in the streets of Delhi and Mumbai — and a potential investment in manufacturing by the carmaker — will cast him as a leader who’s brought marquee foreign investment to India, modernized its cities into global metropolises, and created jobs.
Growing Foreign Investor Interest
“It’s symbolic of the growing foreign investor interest in India,” said Sonal Varma, chief economist for India and Asia ex-Japan at Nomura Holdings Inc.
Wall Street Opens With Losses And The Dow…
NEW YORK, New York.— This Wednesday, the day on Wall Street opened with red numbers, when the Dow Jones Industrialsits main indicator, fell 0.55%with the market attentive to inflation report which will be published this week. At the opening
Ten minutes after the market opened, the Dow Jones stood at 38,757 points, and the selective S&P 500 It fell 0.28%, to 5,064 integers.
The Composite Market Index Nasdaqwhere the main technology companies are listed, fell 0.40%, to 15,971 units.
What affects the markets today?
Investors are waiting for the personal consumption expenditure price index (PCE, in English), a key piece of information for the Federal Reserve (Fed) that will be announced on Thursday and will give clues about the health of the economy and the direction of monetary policy.
“A positive surprise in the PCE would reassure markets about the upcoming cuts in the federal funds rate, since a more flexible monetary policy could also reduce financial risk,” the head of strategy for firm investment Global X ETFs, Morgane Delledonne.
In early market trading, e-commerce company eBay rose more than 7% after the company posted quarterly results Tuesday that beat analysts’ expectations and announced a $2,000 share buyback program.
ODOF PROGRAM A Fruit Drying Unit In Fnrive-Est
The Fénérive-Est industrial unit was inaugurated yesterday.
Avoiding losses and maximizing yield for producers is the objective of the lychee processing unit installed in Fénérive-Est.
A multifunction dryer is the heart of the industrial unit installed in Fénérive-Est, a local factory which is part of the “One district, one Factory”, or “Taninketsa indostrialy” program.
Already operational, this industrial unit produces dried fruits, specializing in dried lychee, a fruit abundant in the Analanjirofo region and localities located in neighboring regions. Its inauguration was made yesterday by Andry Rajoelina, President of the Republic, accompanied by Christian Ntsay, Prime Minister.
As explained by Fano Rakotondrazaka, director of economic monitoring and communication at the Ministry of Industrialization and Trade, the idea is to transform lychees that are not exported or not sold on the market, in order to increase their value. added instead of letting them rot. “Every year, we export between 17,500 and 20,000 tonnes of lychees. However, there remain several tonnes which could not be sold and which are rotting on site,” indicates the ministerial official.
“This is a concrete example of the positive impact of the ODOF or Taninketsa indostrialy program that you initiated and included in state policy.
Kohler Co. Shortlisted For Milan Design Weeks FuoriSalone…
Designer Samuel Ross
Kohler, Wisconsin (ots/PRNewswire) – Limited edition of the Formation 02 intelligent toilet on display at an architectural exhibition
During Milan Design Week, Kohler becomes a beacon of innovation and design excellence, captivating audiences with its latest product launches at the Salone del Mobile and the impressive installation at the Palazzo del Senato.
The Kohler stand at the global design fair received over 10,000 visitors in the first two days, and its Fuorisalone installation was shortlisted for the Fuorisalone.it Award 2024. Voting for the “best project” is open now until Saturday, April 20th. Click here for Kohler x SR_A agree.
Installation, Terminal 02, und Limited-Edition Smart Toilet, Formation 02
Kohler unveils a large-scale installation, Terminal 02and a new limited edition smart toilet, Formation 02in collaboration with the artist and designer Dr. Samuel Ross MBE and his industrial design studio SR_A. This is the second iteration of the multi-year partnership between Kohler and SR_A.
The expressive brutalist sculptural form of Formation 02 invites the visitor to rethink the materiality of the toilet while incorporating Kohler’s latest cutting-edge technologies.
ODOF PROGRAM A Fruit Drying Unit In Fnrive-Est
The Fénérive-Est industrial unit was inaugurated yesterday.
Avoiding losses and maximizing yield for producers is the objective of the lychee processing unit installed in Fénérive-Est.
A multifunction dryer is the heart of the industrial unit installed in Fénérive-Est, a local factory which is part of the “One district, one Factory”, or “Taninketsa indostrialy” program.
Already operational, this industrial unit produces dried fruits, specializing in dried lychee, a fruit abundant in the Analanjirofo region and localities located in neighboring regions. Its inauguration was made yesterday by Andry Rajoelina, President of the Republic, accompanied by Christian Ntsay, Prime Minister.
As explained by Fano Rakotondrazaka, director of economic monitoring and communication at the Ministry of Industrialization and Trade, the idea is to transform lychees that are not exported or not sold on the market, in order to increase their value. added instead of letting them rot. “Every year, we export between 17,500 and 20,000 tonnes of lychees. However, there remain several tonnes which could not be sold and which are rotting on site,” indicates the ministerial official.
“This is a concrete example of the positive impact of the ODOF or Taninketsa indostrialy program that you initiated and included in state policy.
Electric Car Demand Decreases Drastically In Germany: KBA…
The data collected by the KBA (Federal Motor Vehicle Agency) shows that the decrease in demand for electric cars is very impressive even in three months.
According to the information published on the KBA website, registrations of fully electric cars (BEV) in Germany decreased by 28.9 percent in March, but the situation of this sector is not encouraging even in the first quarter.
In the first quarter of 2024, a total of 304,725 new cars with an alternative driver were registered in Germany, which combines fully electric cars, conventional and plug-in hybrids, cars with fuel cells and gas drives. This segment, which accounts for 43.9 percent of the total number of 694,785 passenger cars registered in the first quarter, shows an increase of 4.4 percent compared to the first quarter of 2023.
The biggest increase was in the plug-in hybrid segment – 44,495 cars were registered, which is an increase of 19.8 percent compared to 2023, while the demand for BEV cars fell by 14.1 percent (81,337 units on the sale).
Among German BEV manufacturers, buyers preferred Volkswagen (8,637 units), followed by BMW (7,959) and Mercedes (7,720). Among importers, Tesla did the best with 13,068 registrations ahead of Škoda (3,922) and Hyundai (3,777).
Financial InsightThe Second Phase Of Public Fund Rate…
The second phase of public fund rate reform measures have all been implemented, and the industry’s comprehensive rate has been steadily reduced
On April 19, the China Securities Regulatory Commission announced the official implementation of the “Regulations on the Management of Securities Transaction Fees for Publicly Offered Securities Investment Funds” starting from July 1, 2024. This marks the successful implementation of the second phase of fee rate reform in the public fund industry, leading to a continuous decline in the industry’s comprehensive fee rate. It is estimated that the first two stages of fee rate reform measures could save investors approximately 20 billion yuan in cumulat ive costs each year.
According to the recent State Council’s “Several Opinions on Strengthening Supervision, Preventing Risks and Promoting High-Quality Development of the Capital Market,” the government aims to steadily reduce the comprehensive fee rate of the public fund industry. The China Securities Regulatory Commission has also emphasized the importance of reforming fee rates in the industry to achieve this goal.
The newly implemented regulations prioritize investors’ interests by adjusting commission rates for public fund stock transactions to a more reasonable level. They have also established a dynamic adjustment mechanism for commission rates to keep them in line with market-wide rates.