Articles worth reading
Image : U.S. believes Russia deployed new missile in treaty violation

U.S. believes Russia deployed new missile in treaty violation

person Orange Themes access_time Feb 15,2017

Yahoo News Russia has deployed a new cruise missile despite complaints by U.S. officials that it violates an arms control treaty banning ground-based U.S. and Russian intermediate-range missiles, a senior Trump administration official said on

Image : Indiana official: Altered voter registrations raise concerns

Indiana official: Altered voter registrations raise concerns

person Orange Themes access_time Oct 19,2016

INDIANAPOLIS (AP) — Thousands of voter registrations were altered, raising concerns about possible fraud, says Indiana's chief elections official, whose office warned voters to check whether their information is correct online and encouraged voting

Image : Student charged with murder in Quebec mosque attack

Student charged with murder in Quebec mosque attack

person Orange Themes access_time Jan 31,2017

Yahoo News A Canadian political science student known to have nationalist sympathies was charged Monday with six counts of murder over a shooting spree at a Quebec mosque -- one of the worst attacks ever to target Muslims in a western country. Prime

Latest blog articles

Exchange, interest rates take bite out of Viettel's global operations

access_time Apr 20,2016 chat_bubble_outline 165 views
Exchange rate fluctuations and sharply rising expenses have left the international arm of Vietnam's largest telco reeling as profits continue to plunge.

Viettel Global’s total business sales reached nearly VND14.9 trillion (about $667 million) in 2015, with post-tax profit of VND500 billion. This marked a significant drop from the previous year when the group's foreign investment company made post-tax profit of $2.3 trillion (more than $103 million). This is the lowest profit after tax Vietnam’s largest teleco has made in the last four years.

According to a report by Viettel Global JSC on the 2015 business results for Viettel Group's regions, business sales in the African market reached nearly VND4.9 trillion (over $220 million), rising 25 percent compared with 2014, but the group’s post-tax profit fell by VND2.6 trillion (about $117 million), three times more than in 2014.

Exchange, interest rates take bite out of Viettel's global operations

Exchange rate fluctuations dragged on Viettel's foreign investment profit in Africa. Photo by VIR

The Southeast Asian market did not incur a loss but business sales dropped over nine percent to VND6.2 trillion (about $278 million). Post-tax profit was only VND1.2 trillion, declining nearly 28 percent compared with 2014.

Latin America enjoyed a slight increase in business sales and profit reached VND213 billion ($9.6 million), an increase of VND 87 billion from 2014.

A Viettel Global representative said that exchange rates, interest rates and goods prices were the main factors affecting business operations. The report showed that expenses for financial activities in 2015 were higher than in 2014, with the exchange rate variance five times higher and interest rate expenses 1.5 times higher.

Viettel Global reported a net loss from exchange rate variance of more than VND600 billion (nearly $27 million) in 2015. The African market witnessed significant devaluation of domestic currencies against the US dollar, affecting Viettel’s investments in Africa.

Viettel Global JSC is under management of the Vietnam Military Telecommunications Group (Viettel), Vietnam’s largest mobile network operator. Viettel is a state owned enterprise and operated by the Ministry of Defence.

Viettel Global is responsible for investing in foreign markets and currently operates mobile networks in Laos, Cambodia, Timor Leste (Southeast Asia), Mozambique, Cameroon, Tanzania, Burundi (Africa) and Haiti (Latin America).

Rescuers listen for signs of life in avalanche-struck hotel

FARINDOLA, Italy (AP) — Rescuers listened for signs Saturday of any more survivors, three days after an avalanche slammed into a resort hotel in Italy's central Apennines mountains. Using saws, shovels and just gloved hands, they advanced slowly through the wreckage in hopes of locating some 23 guests and hotel workers still missing.By Saturday morning, nine survivors have been pulled out of the snow-crusted debris of the Hotel Rigopiano and were recovering in the hospital. So far, the bodies… chat_bubble_outline Read More...

Vietnam earns $42mln from lychee export to China

Read on the original site chat_bubble_outline

'Aggrieved' Du Plessis appeals after ball tampering verdict

JOHANNESBURG (AP) — South Africa captain Faf du Plessis has appealed the guilty verdict against him for ball tampering in the second test against Australia.Cricket South Africa says Thursday that Du Plessis and his lawyers studied the written decision made by match referee Andy Pycroft before deciding to formally appeal.Du Plessis was found guilty of ball tampering after TV replays showed him applying saliva to the ball while sucking a sweet. He was fined his match fee but escaped a ban. The… chat_bubble_outline Read More...

Clashes in Somalia kill 11, displace 50,000: U.N.

By Abdi SheikhMOGADISHU (Reuters) - Clashes between two semi-autonomous regions of Somalia this week have killed at least 11 people and displaced around 50,000, the United Nations said on Friday, stoking concerns the violence could escalate.Clashes have been intensifying between forces loyal to the semi-autonomous regions of Puntland and forces from the semi-autonomous Galmudug region. The two sides are fighting in the town of Galkayo, which is divided between clan militias loyal to the… chat_bubble_outline Read More...

Catching dinner at Ky Co beach

VietNamNet Bridge – Located at the foothills of the towering Phuong Mai mountain range in the peninsula town of Nhon Ly in Quy Nhon City, the pristine Ky Co beach is picturesque, possessing both majestic and poetic beauty. The beach attracts many tourists, especially the adventurous sorts, because it not only has enchanting scenery, but also various surprises. Secluded spot: The pristine beach, almost untouched by humans, with its crystal-clear water is special to Ky Co. From downtown Quy… chat_bubble_outline Read More...

folder_open Assigned tags



Trends in Singapore

Trends in Indonesia

Trends in Philippin