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2025-01-21
SET-listed Thonburi Healthcare Group (THG) has denied involvement in the alleged multi-billion-baht fraud involving its founder and former chairman Boon Vanasin, his wife and a daughter, saying the case does not affect its business or operations. In a filing to the Stock Exchange of Thailand (SET) on Monday, THG's secretary Nattakan Jittinapat said Dr Boon resigned from his position as director and chairman of the company in August 2022 and currently holds no position or role in the firm's management. The statement followed news reports that the court issued arrest warrants against Dr Boon on charges of fraud and money laundering, as well as against his spouse Charuvarn Vanasin and their daughter Nalin. The hospital tycoon, who allegedly lured some 7.5 billion baht of investments in fake medical projects, has fled to China. Both Mrs Charuvarn and Ms Nalin, who currently serve as directors of the company, have voluntarily surrendered themselves to the police and denied the allegations by stating that the signatures on documents related to the allegations had been forged. "THG's operations remain unaffected and continue as normal without any impact on the company's business or activities," said Ms Nattakan. Currently, THG operates seven leading hospitals in Thailand and two overseas. According to the company's website, the group has 1,100 registered beds and a combined capacity to service 9,700 outpatients daily, making the group one of the leading healthcare providers in Thailand. "The company has not received any explanation from the two directors regarding the allegations reported in the media, nor have they expressed any intention to resign from their positions as directors of the company," she said. Based on the current facts and legal principles, the criminal charges against them do not disqualify them from serving as directors of the company, as the legal proceedings are ongoing and no final judgement has been rendered. "Nonetheless, the board recognises the importance of this matter and is closely monitoring developments to assess any potential impact on the company's reputation. The board may consider presenting this matter to the shareholders' meeting to deliberate on the qualifications and appropriateness of the two directors to continue serving in their roles." Shares of Thonburi surged as much as 21% in Bangkok on Monday, the biggest intraday advance since they began trading in 2017. Dr Boon, now 86, was fined by the Securities and Exchange Commission (SEC) when he was THG chairman in 2022 for misleading investors by disseminating false information. He was barred from serving as a director or executive in a public company for 42 months. While THG continues to operate with transparency and adhere to principles of good corporate governance, "the company advises all investors to exercise caution when receiving information not officially issued by the company and verify the source of such information before making any investment decisions," Ms Nattakan noted. NO INVOLVEMENT THG also denied the previous reports suggesting Dr Boon invested personal funds in the Jin Wellbeing County project in partnership with the company. "The investment in the Jin Wellbeing County project was solely undertaken by Thonburi Wellbeing Co Ltd, a subsidiary wholly owned by the company since the project's inception," said the statement. The investment in this project was approved by an extraordinary general meeting of shareholders in 2016, and the company has consistently reported its progress at annual shareholders' meetings and in its annual reports. Regarding reports of Dr Boon inviting investors to participate in five medical projects, THG clarified that all such investment solicitations were conducted solely by Dr Boon and the company is "not involved at all". The projects are a cancer centre in Pinklao, a wellness centre in Rama III, three hospitals in Laos, joint ventures with a hospital in Vietnam, and the establishment of a medical intelligence centre. THG initially got involved in signing a memorandum of understanding (MoU) for a joint venture project to establish a cancer centre, a post-surgery rehabilitation centre, a comprehensive elderly care centre, and a holistic health centre in the Pinklao area, along with a feasibility study for an investment in a hospital in Ho Chi Minh City, Vietnam. "These two projects were only at a preliminary study stage and the signing of an MoU. The company has thoroughly evaluated the feasibility plans for both projects and decided not to proceed with investments in either of them," the statement noted. Subsequent announcements about these projects were made by Dr Boon without the company's knowledge or involvement, it added. The SEC said on Monday that it has been closely monitoring Dr Boon's alleged fraud and initially found Dr Boon acted on his own and was not involved with THG. "Therefore, it may be considered a fraud under the Criminal Code, which does not yet fall under the Securities and Exchange Act BE 2535 [the Securities Act], which focuses on fraud in companies offering securities to the public," the regulator said in a statement. "If any actions that may fall under the Securities Act are found, the SEC will expedite the process and coordinate with the investigators." The SEC has investigated the actions that may be considered as an offence under the Securities Act. For example, THG disclosed information to the SET on Sept 20 regarding the discovery of suspicious transactions by a subsidiary of THG in making loans to companies related to the Vanasin family, including ordering products from a company registered in Singapore. But the actual goods were not delivered. CAUTION REQUIRED Stock market analysts advised investors to be extra cautious when investing in THG given the ongoing uncertainties. Daol Securities (Thailand) recommends avoiding investments in THG, while Tisco Securities recommends selling THG given a negative profit due to a large amount of provisions. The business restructuring has not yet materialised, resulting in weak revenue for many business units. It will still take a long time for revenue to recover because the business restructuring has not been fully implemented. "In addition, there are still cases related to the company's directors that still need time in order to consider the case," Tisco said. Dr Boon: Fined by the SEC in 2022President Joe Biden pledged another 600 million US dollars (£472 million) on Wednesday for an ambitious multi-country rail project in Africa as one of the final foreign policy moves of his administration. Mr Biden told African leaders the resource-rich continent of more than 1.4 billion people had been “left behind for much too long”. “But not anymore,” Mr Biden added. “Africa is the future.” Mr Biden used the third and final day of a visit to Angola – his long-awaited, first trip to sub-Saharan Africa as president – to travel to the coastal city of Lobito and tour an Atlantic port terminal that’s part of the Lobito Corridor railway redevelopment. Mr Biden described it as the largest US investment in a train project outside America. The US and allies are investing heavily in the project that will refurbish nearly 1,200 miles of train lines connecting to the mineral-rich areas of Congo and Zambia in central Africa. The corridor, which likely will take years to complete, gives the US better access to cobalt, copper and other critical minerals in Congo and Zambia that are used in batteries for electric vehicles, electronic devices and clean energy technologies that Mr Biden said would power the future. China is dominant in mining in Congo and Zambia. The US investment has strategic implications for US-China economic competition, which went up a notch this week as they traded blows over access to key materials and technologies. The African leaders who met with Mr Biden on Wednesday said the railway corridor offered their countries a much faster route for minerals and goods – and a convenient outlet to Western markets. “This is a project that is full of hope for our countries and our region,” said Congo President Felix Tshisekedi, whose country has more than 70% of the word’s cobalt. “This is not just a logistical project. It is a driving force for economic and social transformation for millions of our people.” The leaders said the corridor should spur private-sector investment and improve a myriad of related areas like roads, communication networks, agriculture and clean energy technologies. For the African countries, it could create a wave of new jobs for a burgeoning young population. Cargo that once took 45 days to get to the US – usually involving trucks via South Africa – would now take around 45 hours, Mr Biden said. He predicted the project could transform the region from a food importer to exporter. It’s “something that if done right will outlast all of us and keep delivering for our people for generations to come,” he said. The announcement of an additional $600 million took the U.S.’s investment in the Lobito Corridor to 4.0 billion dollars (£3.15 billion).BOCA RATON, Fla. (AP) — Deshawn Purdie threw a 47-yard touchdown pass to O'Mega Blake for the go-ahead score and Charlotte defeated Florida Atlantic 39-27 on Saturday in a game that matched two new interim coaches. Charlotte (4-7, 3-4 American Athletic Conference) fired Biff Poggi on Monday and Tim Brewster took over. FAU (2-9, 0-7) fired Tom Ferman, also on Monday, with Chad Lunsford taking charge. After Blake's third touchdown catch of the game that came with 5:25 left, the 49ers extended their lead when Tyriq Starks was strip-sacked by Ja'Qurious Conley and 335-pound Katron Kevans carried it 22 yards into the end zone. Blake made five catches for a career-high 205 yards, including a 75-yard touchdown. Purdie was 16 of 30 for a career-best 396 yards passing with the three scores plus an interception. The 49ers only rushed for 46 yards. Stephen Rusnak kicked four field goals. Starks was 12-of-23 passing for 179 yards including a 65-yard score to Omari Hayes in the final minute of the third quarter to get FAU within six of the 49ers. CJ Campbell rushed 58 yards to score early in the fourth quarter and the Owls had a 27-26 lead. Campbell finished with 150 yards on 21 carries. ___ AP college football: and . Sign up for the AP’s college football newsletter: The Associated Press9 gaming license



Oklahoma sophomore quarterback Jackson Arnold will enter the transfer portal, according to multiple reports on Wednesday. A five-star recruit in 2023 out of Denton, Texas, Arnold began this season as the starter, lost his spot and later regained it as the Sooners went 6-6. Monday is the first day that underclassmen can transfer during the winter portal window. Arnold completed 154 of 246 passes (62.6 percent) for 1,421 yards, 12 touchdowns and three interceptions in 10 games. He also ran the ball 150 times for 444 yards and three TDs, including 25 attempts for 131 yards in the Sooners' 24-3 win over Alabama on Nov. 23. As a freshman last season playing behind Dillon Gabriel, Arnold appeared in seven games and was 44 of 69 (63.8 percent) for 563 yards, four TDs and three picks. A former Gatorade Texas Player of the Year, Arnold started for Oklahoma in the Alamo Bowl last December, when the Sooners lost 38-24 to Arizona. He was QB1 for the 2024 campaign, but three early turnovers caused him to be pulled in a 25-15 defeat to Tennessee on Sept. 21 and replaced by true freshman Michael Hawkins Jr. Arnold came off the bench to replace Hawkins in a 35-9 loss to South Carolina on Oct. 19, and head coach Brent Venables afterward fired offensive coordinator Seth Littrell. Co-offensive coordinator Joe Jon Finley became the interim play-caller. Venables filled the position permanently on Monday by hiring Washington State OC Ben Arbuckle, who could bring Cougars QB John Mateer with him to Norman, Okla. --Field Level MediaAs smart-home devices become more advanced and viable, they also become more ubiquitous. You can have all kinds of smart setups in your home , from security cameras to Internet-of-Things-compatible appliances to smart speakers taking your commands. That said, when certain things become more ubiquitous, some believe there's an unspoken obligation that you need to embrace those things wholly and unquestioningly. If smart-home setups are the next big thing, you might as well go whole hog from the word go, right? Doing this, however, presents some risks. There's nothing inherently wrong with the notion of a smart-home setup, so long as you do your necessary research and due diligence. It's in the small nooks and holes of those who do not do their research that cheap, shady, and even outright malicious actors may try to sneak into your home. As with any big purchase, particularly when it comes to electronics, the best course of action is to play defensively and keep an eye out for certain red flags. There are a lot of smart-home devices on the market from a veritable galaxy of brands. This isn't unusual; it's a big, profitable sector, and companies big and small want to get in on it . If you go browsing for devices on Amazon, there's a good chance you will find some from brands you aren't familiar with. This is where you should do some research to see what the people are saying about those brands to determine if they're trustworthy. If your research turns up a statistically significant portion of complaints, grievances, and concerns about a particular brand's devices, that's a good reason to give them a wide berth. More than that, though, you should also be wary of smart-home brands that you can't seem to find any information on at all. It's normal if one person hasn't heard of a brand, but if multiple searches turn up absolutely nothing, there's a chance that this brand has spontaneously appeared from the ether. That's a classic scammer tactic, making up a brand name to hock half-baked or non-functioning hardware and trying to entice shoppers with low prices. If you see a steep discount from a complete unknown brand, it's almost definitely too good to be true. Even if you're considering a smart-home device from a known, well-established brand, that shouldn't give it an automatic free pass into your home. The fact of the matter is that many software and hardware companies, even prominent ones, have been victimized by cyberattacks, the results of which are usually publicly available. If the brand of a device you're considering has previously suffered some manner of security breach, you should do some research into the event to determine what exactly happened and what was affected. If it was a minor breach and no users were severely affected (leaked payment info, personal details, virus circulation, etc.) and the brand is taking measures to prevent it from happening again, then that's excusable. If, however, the brand suffered a severe breach resulting in leaked user data, that's a good reason to be wary of its devices. Moreover, if the brand's response to said severe data breach was effectively "whoops, our bad" and nothing further, that's an even bigger red flag. It's bad enough to know that the company that makes your smart-home device or the device itself may be compromised , but it's even worse to know the brand is not doing anything about it. Modern technology moves exceptionally fast. What seems brand new one moment could become outdated and unusable as quickly as a year out from its release. Of course, any reputable tech brand does its best to future-proof its products, building in fail-safes and compatibility with both old and new frameworks. Unfortunately, these efforts can only go so far — sooner or later, every smart-home device will become obsolete, replaced by something newer and more readily compatible with changed paradigms. As frustrating as it is to have to upgrade your setup, it is important that your smart-home devices are at least relatively new and up to date with the latest connectivity standards. If you purchase a device that's severely out of date, it may have difficulty connecting to other devices in your home, or it may have security protocols that are vulnerable because they are no longer supported. Yes, older hardware is usually cheaper, but what you gain in savings, you may lose in peace of mind. The trick is to find the ideal middle ground between cost and functionality, something you can afford but still retains all the necessary features and protections. Some tech brands have a bit of a bad habit of trying to reinvent the wheel, unnecessarily iterating on concepts and systems that everyone already understood and had the way they liked. With smart-home devices in particular, this can manifest as strange, unnecessarily complex systems and interfaces. If you're going to have a smart-home setup, you want to be able to control it easily and conveniently, such as with a few quick swipes on a smartphone app. If your devices require some kind of bizarre, unintuitive setup process that's too difficult to figure out without calling tech support, that's not a great start. Or, if the companion app is poorly designed and won't take your commands without jumping through a lot of hoops, then you won't be able to actually use your smart-home setup when you want or need to. When looking into smart-home devices, seek out opinions from users on how easy they are to utilize. If there are a lot of complaints and confusion, there's a good chance you won't fare much better. With the use of smart-home devices comes something of a pact between you and the brand that you're willing to divulge some aspects of your private life in the name of increased convenience. It's the nature of the beast, unfortunately, but at the very least, good smart-home tech will give you a degree of control over how much of your privacy you have to give up. A quality smart-home device or framework has a laundry list of privacy settings that you can freely tweak. If you don't want your smart speaker to passively listen for your voice or the sounds of your home, for instance, you should be able to turn that function off without any fuss. However, some lower-quality smart-home devices may be lacking in privacy features. They want to listen to anything and everything that happens in your home, and if you don't like that, that's just too bad. Again, you kind of have to make your own stance on how much you value privacy versus functionality, but for what it's worth, there are probably better devices you can get with more detailed privacy features than whatever you're trying to use.Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

President-elect Donald Trump on Monday pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China. Trump, who takes office on Jan. 20, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs and migrants crossing the border. For analysis on the potential economic and political impacts, we speak with Inu Manak, a fellow for trade policy at the Council on Foreign Relations (CFR).Reports: Oklahoma QB Jackson Arnold entering transfer portal

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A new frame is coming to Warframe with the game’s upcoming 1999 expansion: Cyte-09. Cyte-09 will be Warframe’s 59th frame and the latest after Koumei, but until recently, not much has been known about him. But that’s changing as developer Digital Extremes releases more information. We don’t know exactly when Warframe: 1999 is coming, although it’s set for December, but there is a lot to look forward to, like Cyte-09, the Technocyte Coda , new weapons, new modes, new areas, and more. Keep reading to learn everything we know about Warframe’s next frame, Cyte-09. What are Cyte-09’s abilities in Warframe? The concept for Cyte-09 is a stealthy sniper Warframe, and that’s been known for a while, but we’ve only learned recently what his abilities actually do, which is as follows: Sneak : Plant an antenna that projects a forward wave scan. Detected enemies take increased weak point damage and become visible through walls. Weapons gain punchthrough. Resupply : Throw two elemental ammo packs that instantly refill the active weapon’s magazine and grant the weapon an additional instance of a selected elemental damage type and status effect. Reload clears the effect. Sniper rifles gain extra damage. Evade : Jump backwards and become invisible for a short duration. Weak point kills extend the duration and heal Cyte-09. Neutralize : Summon the Neutralizer, Cyte-09’s exalted sniper rifle. Bullets ricochet off weak points to seek out other nearby weak points. Alt fire lobs a cold grenade that completely freezes enemies. The big question when it comes to Cyte-09 is how his exalted sniper rifle will work. It’s unclear not only how powerful it will be but also exactly what its mechanics are and how they might synergize with Cyte-09’s other abilities. We don’t have these answers yet, but Warframe: 1999 isn’t too far off. What does the Warframe community think about Cyte-09? In general, spirits are high. Many community members are excited to see another stealth frame get added to the game, the prospect of an exalted sniper rifle many find fresh and interesting, and Cyte-09’s kit seems to appeal to many Warframe fans. However, some do have concerns. Considering the Warframe meta is so strongly focused on AoE damage potential, particularly when it comes to weapons, some worry that a sniper rifle might not be able to keep up in higher-level content. Some already anticipate replacing Cyte-09’s sniper rifle ability with something else. Others wonder how ‘bullets ricocheting off weak points to seek out other weak points’ will work in the context of Cyte-09’s overall kit and if that ricochet power will be enough to take down tough enemies with ease or not. Of course, this is all speculation in the here and now.

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