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Qingqiao Morning Post on November 22nd | Prices in Laos may rise by 25% this year
Release time:2024-11-22 Source: Qingqiao Number of views:

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good morning

At the beginning of the cold season, light snow suddenly arrives
Today in history:331 years ago today, Zheng Banqiao, a calligrapher, painter, and writer of the Qing Dynasty in China, was born. His representative works include "Xiu Zhu Xin Huang Tu", "Qing Guang Liu Zhao Tu", "Lan Zhu Fang Xin Tu", etc. He values the originality of art and the diversity of styles. His calligraphy has a sparse and elegant appearance, a strong style, and his paintings are not bound by ancient methods, leaving no room for one style. His poetry and prose are sincere and humorous, and are loved by the people. His poetry, calligraphy, and painting are known as the "Three Wonders" in the world. Today is still one of the traditional 24 solar terms in the Chinese lunar calendar, Xiaoxue. The arrival of this solar term means an increase in the frequency of cold waves and strong cold air activities.
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Politics
01Venezuela releases 225 protesters arrested after elections

According to Reuters, on November 16th, Venezuelan Attorney General Sabo stated in a statement that authorities have approved and implemented 225 freedom measures to release individuals charged with violent acts following the July 28th elections.


It is reported that VenezuelaThe results of the July presidential election have sparked controversy and large-scale protests. The opposition, human rights organizations, and trade unions have accused President Maduro's government of suppressing dissidents. Saab previously stated that the protests resulted in 28 deaths and nearly 200 injuries. According to data from the Criminal Forum, at least 1800 people were arrested in Venezuela after the July 28 elections, and local human rights organizations have verified that 107 people have been released from four prisons in Venezuela.


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military
01The United States approves for the first time Ukraine's use of long-range missiles to attack Russia

Lianhe Zaobao reported that recently, US President Biden authorized Ukraine to use US made weapons to attack deep areas of RussiaRussia-Ukraine WarA significant policy reversal. According to sources, the Biden administration's policy change is mainly aimed at Russia deploying North Korean ground forces to supplement its forces. North Korea's military support for Russia's war in Ukraine has raised high vigilance in Washington and Kiev.


It is reported that,The White House stated last year that the United States provided Ukraine with a shorter range missileATACMS, this is a ground to ground missile systemCan be struckTargets within 165 kilometersUkraine plans to launch its first remote attack in the coming days.


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Economics

01Prices in Laos may rise by 25% this year

According to recent data from the Asian Development Bank, prices in Laos surged by 23% in 2022, 31% last year, and may increase by 25% this year. The prices of basic staple foods such as rice, sugar, oil, and chicken doubled last year, causing particularly severe damage to households.


As of the end of last year, the total amount of public debt and publicly guaranteed debt in Laos was13.8 billion US dollars, equivalent to 108% of the gross domestic product. The World Bank warned in a report last week that Laos' public debt is unsustainable. China is the largest creditor country of Laos, accounting for about half of the Laotian government's external debt, mainly for loans to build cross-border railways between Laos and China. Repaying debts has led to the depreciation of the Laotian currency, the Kip, which in turn exacerbates inflation.

02TikTok's parent company, ByteDance, has a self valuation of about $300 billion

The Wall Street Journal reported that TikTok's parent company, ByteDance, recently proposed a buyback offer. The company offered investors a buyback price of $180.7 per share, with an estimated value of about $300 billion. Previously, according to the company's buyback offer to employees in October 2023, it valued itself at around $225 billion. The other repurchase in December of that year was valued at $268 billion.


It is reported that the US Congress has targetedTikTok is banned if not soldAccording to the divestiture act of TikTok, if ByteDance cannot be sold to US owners before the middle of January next year, TikTok will be prohibited from operating in the United States.


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security

01By 2023, the global number of measles infections will reach 10.3 million

According to the latest estimates from the World Health Organization and the Centers for Disease Control and Prevention in the United States, there will be approximately 10.3 million global cases of measles in 2023, an increase of 20% from 2022. The insufficient global immunization coverage is the main reason for the surge in cases.


The World Health Organization states that due to disparities in global vaccination coverage,In 2023, a total of 57 countries experienced large-scale or severe outbreaks of measles, affecting all regions except the Americas, an increase of nearly 60% compared to 36 countries last year. Measles can be prevented by receiving two doses of measles vaccine, but in 2023, 22 million children missed the first dose of measles vaccine.

02A fire broke out in a nursing home in Spain, resulting in at least 10 deaths

According to Agence France Presse, on November 15th, a nursing home located in the town of Villarrica de Ebro in northeastern Spain caught fire for unknown reasons. At the time of the incident, there were a total of 82 people in the nursing home, and the fire was concentrated in one room, causing at least 10 deaths and two serious injuries.


It is reported that this company is calledThe nursing home of "Villavolanda Garden" was built in 2008, initially providing accommodation for the elderly, but in recent years it has gradually transformed into a specialized facility for elderly people with mental health problems.


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Culture
01The Embassy of Malaysia in China hosts a food festival

ASEAN Finance News: Recently, the Malaysian Embassy in China held a cultural and culinary festival event in Beijing. Malaysian Ambassador to China Norman attended and delivered a speech. Envoys from multiple countries, Malaysian residents in China, and representatives from various sectors of China participated in the event.


It is reported that at the event site, tropical fruits such as bananas, pitaya, pineapple, and fragrant orchid Glutinous rice cakes, Banlan coconut rolls and other pastries with Malaysian characteristics were all displayed. In a specially designed demonstration session, the chefs present demonstrated the production process of Malaysian specialty foods such as mesh pancakes, attracting many guests to stop and watch. Malaysian Ambassador to China Norman expressed the hope that this event can promote the spread of Malaysian cuisine and culture in China, further strengthening cultural exchanges and mutual learning between China, Malaysia, and ASEAN.






Financial Newsletter
According to Caixin News Agency, the main glass futures contract FG2501 has fallen nearly 3% recently and has closed down for three consecutive trading days.


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