Sacombank and Maritime Bank are likely cooperating at Paradise Bay Resort Co., Ltd., developer of Alma Resort in Khanh Hoa Province, in order to trick customers that signed the company’s vacation right ownership contracts. After our articles on false advertising and other opacity surrounding Paradise Bay Resort Co., Ltd. and Alma Resort, VIR continued to receive letters from customers who claimed they were tricked out of their money. T. from Ho Chi Minh City said that at the conference held by the company to introduce the project, after he heard all the good things about the project and the benefits of exchanging vacations, a salesperson introduced to him a scheme through which he could open a Sacombank-Alma credit card reserved for customers with incomes of at least VND5 million ($219) a month, through which customers can borrow up to VND1 billion ($44,000). This arrangement also allows a customer that signs the contract to own vacation rights at Paradise Bay Resort Co., Ltd. … [Read more...] about Sacombank and Maritime Bank thick as thieves with Paradise Bay Resort?
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Related News Indonesia, S.Korea c.bank websites hit by cyber attacks; no losses By Reuters/Hidayat Setiaji  June 21, 2016 | 03:57 pm GMT+7 The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters. In response to the attempted hacks, Bank Indonesia (BI) has blocked 149 regions that don't usually access its website, including several small African countries, Deputy Governor Ronald Waas said in an interview late on Monday. He said several central banks were hit by similar attacks and were sharing the IP addresses used by the perpetrators. Central banks have been on high alert in the wake of revelations that hackers issued fraudulent money transfers to steal $81 million from the Bangladesh central bank in February. No money was lost in the attacks on Bank Indonesia and the … [Read more...] about Indonesia, S.Korea c.bank websites hit by cyber attacks; no losses
Riverbanks often collapse in June, the first month of monsoon rains. Experts say that this year it will be very difficult to forecast cave-ins because of global warming is changing weather patterns and amplifying tidal surges. So far this year, three riverbank cave-ins have been recorded in HCM City, one more than up to this time last year. There were none in 2007. The city currently has 36 sections of river and canal bank prone to collapse, totaling over 20 kilometers. "It doesn't mean that cave-ins will occur just in these areas, especially when urbanization is fast and results in the narrowing of river and canal flows," said Phan Cong Bang, the HCM City Waterway Management Unit deputy director. Notwithstanding the threat of more cave-ins and tidal surges, HCM City will not build any new prevention works this year, apart from the two projects which began last year. A senior official from the Waterway Management Unit said that 18 works that were planned for construction in 2008 but … [Read more...] about Stream and canal bank-dwellers must live with the threat of cave-ins
(VEN) - If the existing training strategy is not changed, the finance and banking sector will encounter a serious lack of high quality workers from 2015. The banks have spent a lot of money to hire foreign specialists, and even the State Bank of Vietnam still needs macro managers who are capable of doing research and forecasts and constructing system development strategies. Banks willing to pay efficient workers more Southern Commercial Joint Stock Bank Deputy General Director, Dr. Ngo Minh Chau said that competition in attracting talented staff has pushed up wage costs, with pay for a qualified financial director or administrator ranging from US$2,000-3,000 to US$5,000-7,000. A bank general director who is Vietnamese could currently be paid VND200-300 million per month, while a foreign person with the same position could be paid about US$50,000 per month. A marketing manager of a bank could be paid up to US$30,000 per month. Dr. Chau said that the banks would rather hire one … [Read more...] about Banking sector anxious for high quality workforce
Business is booming for the worldâ€™s biggest sperm bank, Denmarkâ€™s Cryos, which is struggling to meet demand despite a soaring number of donors and new offices opening around the world. At Cryos headquarters in Denmarkâ€™s second-biggest city Aarhus, Chief Executive Ole Schou smiles broadly, sitting at his desk adorned with pictures of cheerful babies as he speaks of the companyâ€™s unexpected success. Two years ago, he was ready to shut down the business, or at least move it abroad, because of a Danish tax authority proposal that would have required donors to declare income from their donations, thereby putting their anonymity at risk. But when it became clear that this would sound the death knell for Cryos, tax authorities withdrew the proposal. A year later, in 2008, the number of donors had grown threefold, from 30 a day to 100 at its four Danish offices in Aarhus, Copenhagen, Odense and Aalborg, while the number of men applying to be donors had risen from 350 to around 1,000. … [Read more...] about Business booms at worldÃ¢â¬â¢s biggest sperm bank