Vietnam arrests 5 'fraudulent' ex-bankers
HANOI • Vietnam has arrested five former bank employees for alleged mismanagement, including a former managing director and his deputy, the latest executives to be punished in the scandal-hit sector.
Tran Phuong Binh, his deputy Nguyen Thi Ngoc Van and three others were arrested for "violating laws on financial and banking activities", said a statement from partially state-owned Dong A Bank on Saturday. State-run Thanh Nien newspaper said Binh is suspected of causing major financial losses due to poorly managed loans.
More electric-vehicle stops for China
BEIJING • China's state grid will build more charging facilities and expand public fast-charge networks for electric vehicles in coming years, the company's chairman said yesterday.
It plans to build 10,000 charging stations and 120,000 charging poles by 2020 in cities such as Beijing, Shanghai and Hangzhou, said chairman Shu Yinbiao at a forum.
Tibet is warmer and wetter
LHASA • The "roof of the world" has become warmer and wetter, according to a report jointly released by the climate centre of China's Tibet Autonomous Region and the regional remote sensing applications research centre.
The report showed that the average temperature in Tibet during the flood season from May to September has seen a significant increase from 1981 to 2016, up 0.3 deg C every decade on average.
Precipitation during the same period has grown 10.1mm every decade on average.
Cyclone heading towards India
MUMBAI • India's weather office called on fishermen yesterday to stay ashore hours before a very severe cyclone storm was due to strike the south-eastern coast, including Chennai, one of the most populous Indian cities.
Cyclone Vardah is moving in from the Bay of Bengal and will hit land along and off Chennai this afternoon with wind speed of 100kmh, the Indian Meteorological Department said.