Latest blog articles
Panama Papers: Who are the 189 individuals linked to Vietnam with offshore accounts?
This data is obtained from the International Consortium of Investigative Journalism (ICIJ) database:
- Offshore Leaks: current through 2010; leaked from Portcullis Trustnet (now Portcullis) and Commonwealth Trust Limited.
- Panama Papers: current through 2015; leaked from Mossack Fonseca.
There are 19 entities linked to Vietnam in the Panama Papers and Offshore Leaks, of which 15 originate from the British Virgin Islands. Over half, 65 percent, of Vietnam based companies linked to these offshore entities are based in Ho Chi Minh City.
Eight of the 19 entities are still active.
The majority of entities are doing business in real estate.
Not all of the 189 individuals are Vietnamese nationals. In fact, only a half of them have a Vietnamese name or a semi Vietnamese name, the remaining names are mostly Chinese, Korean or Caucasian.
According to ICIJ, intermediary is a canal between an offshore corporation and an offshore service provider. Intermediary is usually a law-firm or a middleman that asks an offshore service provider to create an offshore firm for a client. In Vietnam, SGL Capital Investment Management Ltd has the most connections (8 entities), followed by V-Trac Holdings Ltd with 5 clients.
Source: International Consortium of Investigative Journalism (ICIJ)Read on the original site
Pilgrims in Bethlehem, fears in Europe on Christmas Eve
Bethlehem (Palestinian Territories) (AFP) - Pilgrims on Saturday thronged Bethlehem for Christmas Eve as Europeans worked up some holiday spirit despite tight security in the shadow of the Berlin market attack.Crowds of Palestinians and tourists flocked to Bethlehem's Manger Square near the Church of the Nativity, ahead of midnight mass at the site where Christians believe Jesus was born.Some snapped selfies near a giant Christmas tree and watched the annual Scouts parade in the city, a short… chat_bubble_outline Read More...
The Resentment at the Heart of Today’s Philippine-U.S. Tensions
Through many decades the consciousness, the cultural and immigration-pattern ties, the economic relations, and most other international connections from people of the Philippines have been dominated by ties to the United States. This has good and bad ramifications, as we’ll see, but it’s been a central part of the modern Philippine experience.Through the past few years, the Philippines’ ties with China have become increasingly strained, largely because of China’s expanded ambitions in the… chat_bubble_outline Read More...
Benefit of mepolizumab for asthma not proven in trials
WASHINGTON, May 2 (UPI) -- The agency responsible for drug safety in Germany has questioned the efficacy of mepolizumab, a drug for severe asthma, after finding what it called inadequate clinical trials before its approval for use there. Mepolizumab, sold as Nucala, was not compared fairly against other asthma treatments, raising questions as to whether it has benefits over other drugs already used for the condition, the German Institute for Quality and Efficiency in Health Care said in a press… chat_bubble_outline Read More...
We've seen the villain in Fantastic Beasts before - here's everything you need ...
Read on the original site chat_bubble_outline Read More...
Egypt central bank says to float currency
Cairo (AFP) - Egypt's central bank said Thursday it was floating the country's pound as part of a raft of reforms aimed at shoring up confidence in the economy.The bank said in a statement it had moved to a "liberalised exchange rate... to create an environment for a reliable and sustainable supply of foreign currency".Egypt has been struggling to boost its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former ruler Hosni… chat_bubble_outline Read More...