Consumer finance fight with black credit Actual situation of consumer credit Speaking at the seminar about solutions to repel black credit, which took place in the head office of VIR on March 15, Dr Can Van Luc, chief economist of BIDV, said that the Vietnamese financial market has been developing at a tremendous pace in the past 20 years. The financial depth shown by the size of credit amounted to VND7.2 quadrillion ($313.04 billion), equivalent to 131 per cent of the GDP by the end of 2018. Dr Can Van Luc, chief economist of BIDV Consumer lending was formally authorised in Vietnam in 1995, and has grown strongly in the last 10 years, promoting economic growth (including consumption, production, and services), increasing access to credit, reducing the rate of black credit, and limiting cash payments. Besides, there are still problems that need to be solved. Consumer finance is a part of consumer credit. The Vietnamese consumer finance market was born in the late 1990s, … [Read more...] about Consumer finance to combat black credit
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Indonesia finds ‘minor’ faults in two other 737 MAX jets after crash
A wallet belonging to a passenger of the ill-fated Lion Air flight JT 610 floats at sea. (Photo: AFP/Arif Ariadi) The ministry is inspecting 10 of the newly released jets owned by Lion and flagship carrier Garuda, as authorities analyse data from a recovered black box that may help explain why flight JT 610 plummeted into the Java Sea, killing 189 people on Monday. Few details were released, but the ministry said it had looked over half a dozen jets so far and discovered that one had a problem linked to its cockpit display while another had a glitch in a jet stabilisation system. Both Lion-owned planes required new components, it said. Aviation analyst Dudi Sudibyo said the cockpit display issue could include a speed-and-altitude glitch reported in the doomed jet. "They can be minor issues but they have to be fixed," he added. "With airplanes, even if there is a single, tiny fault it should not fly." Stephen Wright, an aviation expert at the University of Leeds, told AFP that the … [Read more...] about Indonesia finds ‘minor’ faults in two other 737 MAX jets after crash
Indonesia closes in on location of doomed Lion Air jet’s black box
The Boeing-737 MAX 8, which went into service just a few months ago, crashed into the Java Sea off Indonesia's northern coast moments after it had asked to return to Jakarta on Monday (Oct 29). (Photo: AFP/Hadi Sutrisno) Retrieving the black box will be key to unlocking why the Boeing 737-MAX, one of the world's newest and most advanced commercial passenger jets, nosedived into the Java sea so soon after leaving Jakarta. Authorities picked up the box's signals some 30-40 meters (100-130 feet) below the surface of the water off Indonesia's north coast, where the plane crashed Monday. "We have not found the black box's location, but it's in the area, within a three-kilometre radius," Soerjanto Tjahjono, head of Indonesia's National Transportation Safety Committee, told Kompas TV. "Usually the black box location is near the main wreckage." The box contains flight data that shows the speed, altitude and direction of the plane, while the cockpit voice recorder keeps track of … [Read more...] about Indonesia closes in on location of doomed Lion Air jet’s black box
Jury orders Samsung to pay Apple US$533m in iPhone case
A federal court jury on Thursday (May 24) ordered Samsung to pay Apple US$533 million or copying iPhone design features in a patent case dating back seven years. The logo of Samsung Electronics, photo AFP Jurors tacked on an additional US$5 million in damages for a pair of patented functions. The award appeared to be a bit of a victory for Apple, which had argued in court that design essentially was the iPhone. The case was sent back to the district court following a Supreme Court decision ro revisit an earlier US$400 million damage award. The jury essentially split the difference between Apple's request for US$1 billion and Samsung's argument for US$28 million. To arrive at a damages award of more than a half-billion dollars, jurors would likely have needed to buy into Apple's reasoning that design was so integral to the iPhone that it was essentially the "article of manufacture." The lower figure sought by the South Korean consumer electronics titan would have involved … [Read more...] about Jury orders Samsung to pay Apple US$533m in iPhone case
Apple Samsung iPhone design copying case goes to jury
Jurors are set to return to a Silicon Valley courtroom on Monday (May 21) to put a price on patented iPhone design features copied by Samsung in a legal case dating back seven years. Apple-Samsung iPhone design copying case goes to jury, photo AFP Apple is seeking slightly more than a billion dollars in damages, while Samsung wants a figure closer to US$28 million. The jury has been asked to determine whether design features at issue in the case are worth all profit made from Samsung smartphones that copied them or whether those features are worth just a fraction because they are components. "Samsung isn't saying it isn't required to pay profits," Samsung attorney John Quinn said during closing arguments on Friday. "It is just saying it isn't required to pay profits on the whole phone." The three design patents in the case apply to the shape of the iPhone's black screen with rounded edges and a bezel, and the rows of colorful icons displayed. Samsung no longer sells the … [Read more...] about Apple Samsung iPhone design copying case goes to jury