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Gold Bars Drop in Price as Global Interest Rates Decline
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The price of gold bars in Vietnam decreased on Friday morning due to easing international bullion rates. The price of Saigon Jewelry Company’s gold bars decreased by 0.25% to VND120.2 million (US$4,627.34) per tael. The cost of gold rings remained constant at VND116.5 million per tael. It’s worth noting that one tael equates to…
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Kenya’s Auditor Unveils $448M Missing from eCitizen Platform
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The Auditor General, Nancy Gathungu, revealed that approximately KSh 100.8 billion was gathered through the eCitizen portal during the fiscal year of 2023/2024. Gathungu bemoaned the government’s lack of complete control over the system and its heavy reliance on a vendor She highlighted a balance of KSh 7.1 billion held across nine USD accounts…
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Bill Gates: I Don’t Want to Die Rich – An International Perspective
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Billionaire philanthropist Bill Gates has announced plans to donate almost his entire $200 billion fortune, retaining just one percent for personal use, as he discontinues the Bill and Melinda Gates Foundation. On Thursday, the Microsoft co-founder announced via a posting on his personal blog, GatesNotes, that this organization, recognized as one of the world’s…
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OCBC Reports 5% Rise in Net Profit to S$1.88B in Q1 2025
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The earnings per share for the quarter stand at S$1.68. Oversea-Chinese Banking Corporation According to OCBC’s most recent performance highlights report, the bank recorded a net profit of S$1.88 billion for the first quarter of 2025, which represents a decline of 5% compared to the same period in 2024. In comparison to Q4 2024,…
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South Korea’s Record-Breaking $9.14B Current Account Surplus in March
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In March, South Korea’s current account recorded a surplus of $9.14 billion, marking its 23rd straight month of surpluses, according to data released by the Bank of Korea on May 9. It was the third-longest stretch since 2000, following streaks of 83 months from May 2012 to March 2019 and 27 months from May…
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Could the Black Market Be the Sole Marketplace in Zimbabwe?
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On the left, Wellington Kaseke and Oasis Ishingwe cater to customers and accept US dollars at an impromptu grocery store commonly referred to as a tuckshop. Such unregistered enterprises have thrived as traditional stores face difficulties, with many Zimbabweans now favoring American currency over the nation’s recently introduced gold-backed money. Photo Credit: Gamuchirai Masiyiwa,…
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Ponzi Schemes: Illusions of Quick Riches – International Edition (English)
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An age-old adage goes: “When falsehood puts on fresh attire, the credulous mistake it for reality.” In Nigeria, this deceptive narrative of quick and effortless riches has been adorned in countless guises—ranging from schemes like MMM to Racksterli, Loom to Ultimate Cycler, and most recently, CBEX. These ventures come dressed up with contemporary style,…
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Vietnamese Families Can Now Afford Million-Dollar Homes in the U.S.: Here’s How
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In Boston, Massachusetts, where our combined annual earnings amounted to roughly $450,000, we required just about two years’ salary to purchase a home. In the U.S., the typical yearly salary in New York stands at around $120,000, whereas a two-bedroom apartment typically costs approximately $1 million, which equates to roughly ten times the annual…
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Value for Money Surges: Public Entities Improve by 7% Says AG Report
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In 2024, the percentage of public institutions receiving unqualified opinions regarding their efficiency and effectiveness in utilizing public funds climbed to 66%, up from 59% in 2023—a growth of seven percentage points—according to Auditor General Alexis Kamuhire. This statement came during his presentation before Parliament on Tuesday, May 6th, where he submitted his annual…
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Singapore’s 6 billionaires under 50 boast nearly $20B in net worth
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Out of Singapore’s 49 billionaires, only six are below 50 years old; however, these six together amass a fortune worth $19.8 billion, as per Forbes’ 2025 ranking. Kishin RK, 41 Kishin RK, the founder and CEO of property developer RB Capital. The photo is provided courtesy of the World Economic Forum. Kishin RK, the…