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JAS Mobile Held Liable for Any Damage Caused by Company’s Installment Payment Default

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9 years ago

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JAS Mobile Broadband bid 75.7 billion baht during the 900-megahertz spectrum auction and recently defaulted on installment payments. The company has been warned that it will be held liable for any damage caused by the company’s default.

The National Broadcasting and Telecommunications Commission (NBTC) announced that a new auction will be held on May 27 for the 900MHz license. The reserve price for the license is set at JAS’s winning bid of 75.7 billion baht. Experts on the NBTC’s advisory panel will determine JAS’s compensation liability on April 28.

The exact amount of compensation that the company will need to pay is dependent on the second auction.

Three key elements have been taken into account by the panel: damage due to defaulting, possible license revocation for Jasmine International and damages caused by other involved parties.

JAS will have to pay 100 million baht to the NBTC for operating expenses incurred for the primary auction and 20 million baht for the auction taking place in May. The NBTC further announced plans to contact the Industrial and Commercial Bank of China and the Bangkok Bank to discuss why the banks failed to loan money to JAS.

The NBTC will need to contact the banks to further investigate why JAS defaulted on their payment. Penalties placed against the company will be better understood after speaking with the banks.

JAS Mobile Broadband’s chief executive, Pete…

The investor looking to invest in Real Estate in China ought to definitely contemplate the financial and political background and legal frame provided by varied articles. Practically all the large fund companies have a fund that’s designed for publicity to the expansion of Real Estate in China and other Asian countries.

In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies – including raising the required downpayment for some property purchases, and five 2007 interest rate increases – due to concerns of overheating.

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China Limits Apple Operations as BYD Manufacturing Moves to India and Southeast Asia Amid Trade Frictions | International Business News – The Times of India

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6 hours ago

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January 19, 2025

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China is restricting the export of high-tech manufacturing equipment and personnel to India and Southeast Asia, aiming to maintain domestic production amid potential US tariffs, impacting companies like Foxconn and BYD.

China Curbs on High-Tech Manufacturing

China is intensifying restrictions on the movement of employees and specialized equipment essential for high-tech manufacturing in India and Southeast Asia. This measure aims to prevent companies from relocating production due to potential tariffs under the incoming US administration. Beijing has urged local governments to restrict technology transfers and export of manufacturing tools as part of this strategy.

Impact on Foxconn and Apple’s Strategy

Foxconn, Apple’s primary assembly partner, is facing challenges in sending staff and receiving equipment in India, which could impact production. Despite these hurdles, current manufacturing operations remain unaffected. The Chinese government insists it treats all nations equally while reinforcing its domestic production to mitigate job losses and retain foreign investments.

Broader Implications for India

Additionally, these restrictions affect electric vehicle and solar panel manufacturers in India, notably BYD and Waaree Energies. Although the measures are not explicitly targeting India, they complicate the business landscape. As foreign companies seek alternatives to China, these developments are likely to reshape manufacturing strategies amidst ongoing geopolitical tensions.

Source : China Restricts Apple, BYD Manufacturing Shifts to India & Southeast Asia Amid Trade Tensions | International Business News – The Times of India

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EFIS Maroc and China Eastern Airlines Set to Launch Service Between Morocco and China

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2 days ago

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January 17, 2025

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China Eastern Airlines is to partner with General Sales & Service Agent (GSSA), the ECS Group, on the launch of three weekly flights between Casablanca (CMN) and Shanghai (PVG) via Marseille (MRS).

China Eastern Airlines and EFIS Maroc will launch three weekly flights between Casablanca and Shanghai via Marseille starting January 19, 2025, enhancing cargo logistics for Morocco-China trade, particularly in the automotive sector.

New Flight Route Launch

China Eastern Airlines has partnered with EFIS Maroc to introduce three weekly flights between Casablanca (CMN) and Shanghai (PVG) via Marseille (MRS). This service is set to commence on January 19, 2025, operating on Tuesdays, Fridays, and Sundays, using Boeing 787-900 aircraft with a capacity of 18 tonnes for cargo.

Supporting the Automotive Industry

The service aims to enhance logistical support for the automotive sector, facilitating the secure and timely transport of high-value components between Morocco and China. This new route will not only strengthen local supply chains but also promote economic growth and trade relations between Africa and Asia.

Innovative Cargo Solutions

Jean Ceccaldi, CEO of ECS Group, emphasized that this collaboration marks a significant achievement for EFIS Maroc. Leveraging advanced digital tools like Squair for customs optimization and CargoAi for booking, EFIS Maroc will enhance operational efficiency, ensuring a superior cargo management solution tailored for China Eastern Airlines.

Source : EFIS Maroc and China Eastern Airlines to launch Morocco-China service

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China Considers Selling TikTok US Operations to Musk as a Viable Option – Bloomberg

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4 days ago

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January 15, 2025

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China is considering the sale of TikTok’s U.S. operations to Elon Musk as a potential option, according to a report by Bloomberg.

Potential Sale of TikTok to Elon Musk

Reports suggest that China is considering the sale of TikTok’s U.S. operations to Elon Musk as a viable option. This development follows ongoing scrutiny over the app’s data privacy practices and its links to the Chinese government. Officials believe that a sale could alleviate international concerns and preserve the platform’s presence in the U.S. market.

Strategic Implications

The potential transaction raises numerous strategic implications, not only for TikTok but also for Musk’s other ventures. If Musk were to acquire TikTok, it could enhance his digital footprint and provide new avenues for advertising and user engagement. Conversely, it could pose challenges in managing regulatory compliance and addressing data security issues.

Regulatory Hurdles Ahead

Despite the intriguing prospect of a sale, significant regulatory hurdles remain. Any acquisition would require approval from U.S. authorities, who continue to assess the risks associated with foreign ownership of tech companies. The outcome of these discussions could have widespread ramifications for both TikTok and the broader social media landscape.

Source : China Weighs Sale of TikTok US to Musk as a Possible Option – Bloomberg

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