Arrest warrant expected for 4th warder over prison escape
Police are anticipated to request an arrest warrant for a third prison warder in connection with the two-week-old escape of accused criminal Chaowalit Thongduang, also known as Sia Paeng Nanod, from the Nakhon Si Thammarat doctor.
At the municipal key prison, three warders have already been detained and accused of neglecting their duties. Additionally, they were let go from their jobs.
Three guards had previously reported to Pol Maj Gen Somchai Suetortrakul, the police captain of Nakhon Si Thammarat. After being questioned, they were each given a 200-baht bond.
Warinthorn Thongprachong, 41, and Ekkalak Chaiyakarn, 35, were the first two people detained. Soon after, the Criminal Court for Corruption and Misconduct Cases approved an arrest warrant for druid Weerachai Nuduang.
Chaowalit’s chains had been changed by Weerachai the day before he managed to escape from the clinic by slipping out of them. & nbsp,
Chaowalit, 37, was facing numerous another criminal charges, including murder, and was currently incarcerated for attempted murder.
On October 22, he took off from Maharat Nakhon Si Thammarat. After being taken that for medical care, he was later admitted after collapsing and claiming to have excruciating leg pains. He was chained to the pillow and restrained, but he managed to escape immediately.
Although Pol Maj Gen Somchai stated on Tuesday that there had been development in the police investigation, he is still at large.
According to him, police were gathering electrical and other proof to support a request for an arrest permit for at least one more think.
Although he would not provide any more information, it was widely believed that a third jail guard was the subject of the arrest warrant.
After the imprisonment warrants were issued, acting director-general of the Department of Corrections and deputy continuous justice minister Sahakarn Phetnarin announced on Tuesday that he had signed an attempt to temporarily dismiss the three warriors. In accordance with legal service regulations, a fact-finding screen had also been established.
Sutiwat Khunnarong, another believe in the escape, was previously detained. Pol Col Natthawut Thongthip, acting captain of Muang police, examined a Honda car on Tuesday. According to legend, Sutiwat was the driver of the vehicle that transported Chaowalit from the doctor in the early hours of October 22.
In Phatthalung’s Banthad rock variety, he left the prisoner there. It is the second car that has been taken from people who are reportedly helping the inmate’s escpe.
The Phatthalung Provincial Court sentenced Chaowalit to 20 years and six months in prison last year for attempted murder in connection with an armed assault on officers during an attempted kidnapping on September 2, 2019, in this southern state.
He started serving time at Phatthalung Prison in January 2022, and on August 7 of this year, he was transferred to Nakhon Si Thammarat Prison. & nbsp,
Ex-CEO of Oriental Group Limited who left Singapore after leading market-rigging scheme jailed
SINGAPORE: On Tuesday, November 7, the former chief executive officer of the now-defunct steel manufacturer and trader Oriental Group Limited ( OGL ) was given a nine-year prison term for directing an elaborate market-rigging scheme that ultimately led to the company’s demise.
A 47-year-old Malaysian named Lee Wan Sing had tricked traders, banks, and investing companies by using at least 50 trading accounts to carry out fraudulent trades, distorting the business and causing OGL’s share value to rise steadily by more than 300 percent.
He obtained credit facilities totaling S$ 1.4 million from banks by pledging his own OGL shares as security, despite the fact that their value had been artificially inflated, in order to finance the trades. He took S$ 500, 000 ( US$ 369,000 ) in cash from the company and stored it in a safe in his room.
Lee even fabricated records like sales orders and revenue invoices to conceal his songs from OGL’s auditors.
Despite knowing that the committee of OGL had filed a police record, he declared bankruptcy in March 2017 and left Singapore for Malaysia in May 2017.
Until his arrest in Malaysia in December 2021 and transfer to the Commercial Affairs Department, he remained outside of Singapore.
Lee admitted guilt to 17 costs, including fraud, document falsification, and other Securities and Futures Act offenses. 46 additional claims were taken into account.
CASE STUDY
The prosecutor was informed that OGL was a Singapore-incorporated firm engaged in the production and trade of metal bars.
From February 2010 until the settlement of OGL in May 2019, its stocks were listed on the Singapore Exchange’s Catalist table. & nbsp,
OGL had 342 owners as of August 18, 2016.
OGL reported net loss of 6.2 million renminbi( S$ 1.2 million ) and 87.6 million, both, for the fiscal decades of 2014 and 2015.
Lee was named OGL’s CEO in 2014. For the fiscal year 2015, he was paid S$ 240, 000 in income and S$ 20,000 in varying benefit.
Midway through 2014, he observed that OGL’s share rate had begun to fall. In order to counter its collapse, he wanted to increase the share value because doing so would undermine investor confidence and make it challenging for OGL to raise money through share securities.
Lee had conversations with his fellow assassins, including Allan Chan Geok Leng, a stockholder who owned at least 2 % of the company’s stock, Tan Seow Juay, the Group Financial Controller of OGL, and Lee Ong, investor Tan, all of whom held stocks in the firm.
With the help of Chong Yong Von, an OGL investment partnership manager who Lee recruited around October 2014, they agreed to participate in a plan to increase the price of the company’s shares.
Between April 2015 and January 2016, the plan was carried out, starting in October 2014.
During this time, Lee instructed his cronies to manage the exchanging of OGL shares in an effort to artificially raise the price.
Between December 2014 and December 2015, the plan was implemented using at least 50 records, 40 of which were opened per Lee’s guidelines.
Additionally, the partners engaged in cross-trades, which were typically priced higher than the previous done rate, raising the share value.
Deals were conducted in the program accounts on 185 days out of the 186 effective trading days during the program time. The accounts accounted for at least half of OGL’s everyday traded quantity on 157 of these days.
According to the prosecution, these accounts were used to trade around 339.5 million OGL shares overall, or 79.8 % of the total volume traded during the plan time.
OGL’s discuss price appeared to be rising as a result of the program. It increased from a period-low of Mho$ 0.030 on April 8, 2015, to an epoch-high Mho$ 134 in December, and then closed at S 0.127 on January 14, 2016.
OGL’s share rate dropped yet further between the buying reverses in January 2016 and March 2016, from S$ 0.127 to S$ 114, resulting in a market capitalization loss of S$ 6.86 million, according to the trial.
Lee and Chan worked together to matter false sales orders of scaffold materials in order to raise more money for the scheme.
OGL requested to stop trading its stocks on January 15, 2016, after a police report was filed in December 2016. & nbsp,
A few days after, OGL issued a statement asking for the trading block to be lifted regarding unauthorized transactions involving two subsidiaries of its organization that were related to the scheme.
On January 26, 2016, the share price dropped to a single-day small of S$ 0.090, but by January 29, 2016, it had recovered to S$ 0.121.
In March 2016, OGL requested to hold exchanging of its stock once more as well as a buying break. The share price exploitation by Lee and his associates was not mentioned in the related news.
On May 11, 2016, Lee resigned from his position. He left Singapore for Malaysia in May 2017 after being declared destitute on March 23, 2017. Until his arrest in Malaysia on December 1, 2021, he remained outside of Singapore.
About S$ 3.2 million was owed to several trading companies as of March 8, 2016, for the false professions in the accomplices’ accounts. The individual partners have fully repaid these, but S$ 113, 000 is still owing in Lee’s personal trading accounts.
According to the trial, Lee’s offenses affected OGL, its buyers, banks, buying firms, the broader stocks market, and the investing public. The prosecutors sought 10 and a half to 12 years in prison for Lee.
According to Deputy Public Prosecutor Ryan Lim and Gan Ee Kiat, the accused’s” direct monetary losses to OGL and the bankers were very considerable, at S$ 357, 500, and S 381, 135 both.”
They claimed that they unquestionably contributed to OGL’s eventual death.
A passion for wine in Vietnamâs Central Highlands – Southeast Asia Globe
The climate of Vietnam’s Central Highlands, rising high above the country’s muggy coast and river deltas, wasn’t lost on erstwhile French colonists. In the early 20th century, seeking relief from tropical lethargy and illness, they carved a health resort from pine forests at 1,600 metres elevation. They named it DaLat.
As it turned out, apart from íts benefits for well-being, DaLat was a great place to grow things that didn’t do well at sea level. Vegetables and fruits like avocados, artichokes and strawberries thrived in the cooler climate. So, too, did flowers: orchids, roses, hydrangeas. Coffee farms and cashew orchards proliferated on the steep-sided mountain slopes.
Much to the gall of the Gauls, however, grapes didn’t do as well. French being French, they loved their wine, and they had high hopes that the upland climate might yield something akin to the Vitis vinifera of their European homeland: A merlot, perhaps. A robust cabernet. A crisp sauvignon blanc.
Through many fits and starts, they finally have it, although the French colonists (obviously) are long gone.
Today the Ladora Winery, operated by Ladofoods, is firmly established in greater DaLat. Its wines may not be to the taste of many Westerners, but as wineries go, it is the “only one with a proper vineyard and winemaking”, affirmed Tu Lê Huy, president and co-founder of the Saigon Sommelier Association. Indeed, Ladora is the only start-to-finish winery anywhere in the former French Indochina.
Ladora grows its own grapes and processes its own wines. The grapes — cabernet sauvignon, shiraz, merlot and sauvignon blanc, plus the hybrid Cardinal varietal — are grown in 125 hectares of vineyards near Phan Rang, not far from ancient Champa Empire ruins. Immediately upon their twice-yearly harvest, they are trucked 60 kilometers to the Ladofoods factory to be de-stemmed, crushed, fermented, pressed, filtered, aged and bottled.
The French had found the local grapes to be far too tart for wine. Even with vineyard cuttings from Europe, the heat and humidity produced only low yields of bitter berries. So they turned their attention to making sweeter fruit wines, especially apple and strawberry. (The Vietnamese already knew that tropical fruits, including bananas and pineapples, could be fermented to produce a high-proof if barely palatable household plonk.)
Upon the normalization of diplomatic relations with the West in the 1990s, wine grapes made a reappearance in Vietnam, boosted by Australian and European investment and modern technology. The key to success was planting in a different climate zone than the production facility.
“DaLat is too rainy, too fertile for grapes,” said Huy, one of three Vietnamese men who founded the sommeliers’ group in 2017. (It has now grown to 120 members.) “DaLat is great for tea and coffee, but not good for grapes. That’s why Lado grows its grapes in Ninh Thuan province.”
Wine in Asia
Elsewhere in Vietnam, Hanoi’s MAM Distillery, established in 2019, blends rice wine with fermented fruit juices, 15 in all, kumquats to raspberries to lemons. Sơn Tinh, founded in Hanoi by a Swiss winemaker in 2000, makes a small-batch rice wine noted for its herbal qualities.
The DalatBeco wine company, launched in 2007, has been importing fruit from France to counter struggles with the quality and consistency of grapes produced by local growers, despite a joint-venture partnership with wine experts in Avignon. “A lot of bulk wine importers bottle their own wine here,” Huy noted.
The nearest full wineries to southern Vietnam are 1,000 km from DaLat, in Thailand’s Khao Yai hills northeast of Bangkok. (Cambodia has a fruit winery at Battambang.) Other Asian countries are slowly progressing.
One of their champions is American wine educator and author Liz Thach, a certified Master of Wine and a professor at California’s Sonoma State University.
“I am pleased to see the growth of wineries in Asia, along with consumer interest in wine,” Thach said. “China actually has a very old wine culture and over 400 wineries, with some of them producing excellent award-winning wines. Bali now has four wineries, and I recently visited one of them and was extremely impressed with the quality of the wine.
“Vietnam has also been producing wine for many years, and they have become very creative in pairing wine with the delicious Vietnamese cuisine. Wineries are growing in number in Thailand, Japan, Korea and India. I believe there is an exciting future for wine in Asia.”
Huy was less enthusiastic about Chinese wine than Japanese. “China is still very much in the early stage of winemaking,” he said. “I tried some; it still has a lot of tannin and lacks character. But Japan makes some nice whites, which they’ve crossed with native grapes suitable to the climate.”
Profit and projection
From a profitability standpoint, wine is far from big business in Vietnam. Consumption of imported wines far exceeds domestic brands, yet in 2023, the market yielded only US$229 million, about $2.30 per capita. (By contrast, U.S. wine revenue was over $56 billion, with per capita consumption of about $58.) Continued growth in the Vietnam wine market is anticipated at a rate of just under 4 percent per year through 2027.
Figures from Ladofoods highlight the fallout the domestic industry experienced in 2022 as a result of the COVID-19 pandemic. Vietnam’s leading wine producer netted US$10.15 million in sales in 2021, yet that figure plummeted to $7.85 million in 2022. It’s likely that 2023 will show a recovery to more than $9.2 million (223 billion in Viet Nam Dong).
About 40 percent of Ladora’s production is exported to other Asian countries, said tasting-room manager Ngoc Dung. Of that, Japan gets the lion’s share, followed by Korea. Lesser amounts are shipped to Thailand, Cambodia, Malaysia, Singapore, Laos, China and Taiwan. That leaves 60 percent for the domestic market.
“The Vietnam market is definitely an entry-level market,” said Huy. “They are only starting to get the idea of wine pairing. There’s a niche market of well-educated and really wealthy Vietnamese for whom classic Bordeauxs are number one.
“They’ve started to drink white with seafood. But for the most part, white wine is not working well here. It’s better in the north because North Vietnamese have a different palate. They like more acidity but not sweet. Central Vietnam likes more spice. The South likes sugar.”
A visit to Ladora
The Ladora Winery is located 28 kilometers east of DaLat city in the hill country of the Phat Chi district. The elegant Chateau DaLat, sitting atop a garden knoll, is at the heart of a building complex overlooking a landscape of greenhouses that provide colourful flowers to the markets of DaLat and Ho Chi Minh City.
Twenty-five steps beneath an earth-covered hummock is an elaborate and extensive wine cellar. Oak barrels filled with aging cabernet sauvignon, shiraz and merlot, and stainless-steel drums of sauvignon blanc, are stacked against the walls. A tower of unlabeled bottles of reds occupies the middle of one room. A long tasting table awaits tour groups, not present on this day.
Assistant winemaker Nguyen Lan said the company makes two principal kinds of wine with these same grapes, for two distinct markets. The Chateau DaLat brand is designed for those of European predilection; wines are plus or minus 12 percent alcohol. Vang DaLat, its grapes blended with the hybrid Cardinal varietal, is typically over 15 percent. (Ladoro also makes a sweet but lower-alcohol Nouvo Sangria and a sparkling Vivazz fruit wine.)
“Mostly, Asians like the sweeter wines,” Lan said. “So we add mulberries, whose sugar increases the alcohol content while making the colour a bit lighter.”
“In DaLat, there’s just not enough sugar in the natural wine,” sommelier Huy reiterated. “The mulberry adds more sugar and more colour.”
Europeans, by contrast, prefer the unblended Chateau DaLat varietals, made under the direction of head winemaker Lê Binh together with European consultants. Some of these have been honoured at wine competitions in Hong Kong and San Francisco.
A sample tasting
A visit to Ladora’s sophisticated, Czech-designed tasting room begins with a video presentation introducing the Ninh Thuan vineyards. The company owns one-fifth of the grapes here; the remaining 100 hectares belong to private farmers contracted to sell the grapes to Ladora. Drip irrigation ensures the plants have sufficient water in the dry season. Flocks of ducks patrol the wine hedges to eat insect pests.
Annual grape production averages 10 to 15 tonnes per hectare, Lan said. All of the fruit is transported uphill to the modern Central Highlands factory, where the temperature is maintained at a steady 18 to 20 degrees Celsius.
It would be impossible to taste each one of the more than two dozen wines in the Ladofoods catalogue in a single sitting. A sample tasting is more instructional than comprehensive. The 2017 Chateau DaLat Special sauvignon blanc (12.5 percent) is very dry, a little sour, with aromas of lime and passion fruit. It’s recommended to be enjoyed with shellfish.
The Vang Dalat Classic Special is a 70-30 blend of Cardinal grapes with mulberries. Despite high acidity and peppery spice, it has a mellow finish. “It’s my favorite,” said the assistant winemaker. Vang Dalat Strong, at 15 percent alcohol, is an 85-15 blend of Cardinal and mulberries with a lighter ruby colour and the aroma of sweet berries, almost like jam on bread. “Korean guests love this one,” Lan said. Because of their mulberry content, the Vang Dalat wines don’t carry a vintage date.
More traditional in approach is the 2018 Chateau Dalat Reserve cabernet sauvignon (12.5 percent), aged in French-made American oak barrels for 1½ years. A subtle flavour of black currant presides over a gentle red that retails at US$14. Aged six months longer, the 2019 Chateau Dalat Signature shiraz (13 percent) is earthy and full-bodied with rich tannins and a white-pepper finish. Its retail price is US$34. “Japanese and Koreans love this one,” said Lan.
“Most people in Vietnam have the idea that import wine is better than wine from Vietnam,” the assistant winemaker said. “So it’s hard to change their mind.”
Of course, not all Vietnamese are enamoured with their country’s domestically produced wines. Lê Huy, the sommelier, suggested that they lack originality: “Welcome to the government company,” he laughed. (Formerly state-owned, Ladofoods is now in fact a Vietnamese joint stock corporation.)
Looking ahead
Today, as a picturesque city of nearly half a million people, Da Lat is a favorite of tourists both domestic and international. It remains a health resort as well as a center for education, its universities famed for their work in biotechnology, nuclear physics and architecture. Beautiful gardens surround its urban lakes. A street market is renowned throughout Vietnam.
But there are no winery tasting rooms even though there is apparently no prohibition against them. DaLat wines are widely available in shops in that city, and in Ladofoods’ showroom in Ho Chi Minh City, but consumers have no chance to taste the wines before buying them. It seems that someone is missing a great great marketing opportunity.
Foreign investors have looked into the possibility of establishing other wine regions in Vietnam. But Huy said it’s unlikely that will happen.
“In the North, we don’t have a delta big enough for vineyards,” he said. “It’s only rocks.
“The BaNa Hills near DaNang are very suited for wine grapes, but the best climate is in the middle of a national reserve — and money cannot talk in the national reserve. There was interest from an Italian winemaker, but the wine would have had to be priced at US$70 a bottle. There would be no way to sell it.”
Thais rescued from scammers in Myanmar to return via China
Published on November 7, 2023, at 14:57
In the northern Myanmar township of Laukkaing, more than 160 Thais who were duped into working for con artists will be returned back through the Yunnan province of China without facing any immigration charges.
The 162 Thais who had been rescued were lured to Laukkaing town, which is located in Shan State’s self-run Kokang zone, according to Foreign Affairs Minister Parnpree Bahiddha – Nukara & nbsp, who stated on Tuesday. They were undergoing ethnicity confirmation after being evacuated to a secure location.
The minister said that if everything went according to plan, they may be driven to Lincang city in the Yunnan province of China, which is located on four kilometers from Laukkaing. All 162 were secure.
Traveling files were being provided by officials at the Thai consulate in Yangon, according to Mr. Parnpree.
Although they had entered Myanmar improperly, government it agreed to exempt them from emigration charges, according to Pol Gen Surachate Hakparn, a lieutenant federal police chief in charge of overseeing their return, who spoke on Tuesday in Yangon. This was evidence of the cordial relationship between Thai immigration officers and Myanmar.
In order to discuss help for the 162 Thais, he had met with Myanmar immigration main Maung Paung Than. Given the uncomfortable situation in Shan State, it was decided that it would be best to expedite the process and guarantee their safe relocation. Among the returnees, Pol Gen Surachate said, were infertile people.
IMF upgrades China’s 2023, 2024 GDP growth forecasts
BEIJING: The International Monetary Fund increased its forecast for China’s 2023 gross domestic product growth from 5 % to 5.4 % on Tuesday( Nov. 7 ) citing a” strong” post-COVID – 19 recovery, but it stated that it still anticipated the Chinese economy to slow down the following year. TheContinue Reading
Safeguards by banks, telcos under shared liability framework to ‘materially reduce’ phishing scam risks: MAS
According to the suggested model, banks are first in line to bear the full duty, and duty for scam losses is evaluated using a” waterfall approach.” The telcos adhere to this rule because of how crucial it is for them to stop schemes.
Consumers may be responsible for the entire loss if the bank and phone service have both fulfilled their obligations.
The suggested model focuses on spoofing frauds that take place online as a starting point. This means that malware scams and other frauds are not included, including funding or enjoy scams where victims give their consent to scammers’ payments.
The distinction between authorized and unauthorized purchases must be made, according to Mr. Tan. According to him, extending the proposed framework to include” all manner of falsehoods where victims are tricked into freely handing over their cash” would mean including the past.
Customers should therefore” training utmost attention and taking personal responsibility” in order to combat scams involving authorized transactions, according to Mr. Tan, noting that authorities are stepping up people education efforts, including ongoing people recommendations.
He continued,” We also want to protect against the social hazard risk in terms of customers letting their guard down and possibly also working together with con artists to reset the banks.”
By incorporating telcos into its compensation system for schemes, Singapore is the first country to take an” ecosystem technique.” The framework is” a live document” that will be reviewed to better respond to changing scam typologies, according to Mr. Tan, who described this as a” good start.”
It’s a good start, and we’ll keep reviewing it and updating it frequently.
Authorities are currently in contact with another habitat participants, including major tech companies. In order to better identify harmful programs, Google, for one, has been collaborating with IMDA, MAS, and financial institutions to reinforce its Play Protect malware security program.
Authorities are also keeping an eye out for ransomware scams, which have increased in recent months.
Mr. Tan expressed concern over the current exclusion of this new scam variation from the foundation and clarified that the prescribed responsibilities of banks and telcos are not appropriate to address” the evolving and developing nature” of ransomware schemes.
However, I want to reassure the members of this House that as part of upcoming updates to( the shared responsibility framework ), we will review these new scam variants, such as malware.
Banks have voluntary kindness frameworks in place in addition to the suggested framework to help consumers who are victims of scams. & nbsp,
According to Mr. Tan,” MAS is relying on the banks to be even more accommodating in applying these grace repayment frameworks, taking into account the elegance of rip-off typology as well as consumers’ economic situation among others.”
Man charged with posting threat to PM’s life
7 November 2023 at 14:15 PUBLISHED
A 29-year-old man was detained on Tuesday night after allegedly tweeting a threat against Prime Minister Srettha Thavisin on the X system.
In the Chom Thong neighborhood of Bangkok’s Soi Suan Luang, Krisada Panbanphaeo was taken into custody.
According to the officers, Mr. Krisada posted a image of the prime minister on the X system on Sunday along with obnoxious emails pleading for the” high” man in the photo to be killed and offering compensation.
When authorities detained him, the suspect reportedly admitted to posting the picture and information and expressed his disappointment that his favorite political party had broken its vote claims. He expressed regret and said he was prepared to deal with the repercussions.
According to Section 392 of the Criminal Code, he was accused by the officers of making challenges against another man. The greatest punishment for the offense is one month in prison and / or a fine of 10,000 baht.
The Pheu Thai-led government’s leader, Mr. Srettha, declared on Tuesday that he was aware of the situation and that the correct actions had been taken.
The government was subject to criticism, but he said & nbsp,” I would rather it be constructive, not threatening.”
Blinken in Japan for Gaza-dominated G7 meet
TOKYO: As calls for a ceasefire in the Israel-Hamas conflict grow, United States Secretary of State Antony Blinken arrived in Japan on Tuesday( Nov. 7 ) to meet with Group of Seven ( G7 ) foreign ministers. Following his most recent whirlwind tour of the Middle East, Blinken arrived inContinue Reading
Durian Crispy Pancake is a hidden stall in Yishun selling 40 flavour combinations of min jiang kueh
SEEKING Son
Loh serves narrow, spicy pancakes that resemble the Malaysian variety known as apam balik in some ways, in contrast to the thick, soft min jiang kueh Singaporeans are accustomed to. & nbsp,
He mentioned that he had been selling crunchy cakes for 30 years earlier, when his mood was happier. He is now searching for a replacement to fill the position. ” It’s challenging to find someone to train because the person needs to be genuinely interested to continue in this( hawker ) business.”
He claims that despite having three kids, none of them will probably inherit his stall. He shares,” One of my sons lives in the US, and she got married it.” & nbsp,
USE TO WORK IN THE USA
Loh added that he once worked in a California shrimp restaurant. He opened a falconer stall to buy cakes after arriving back in Singapore. He had previously run a barn in Lau Pa Sat before moving to the current Yishun location. He bemoaned,” Perhaps it would be better for business if my barn was advertised digitally, but I’m not sure whether people can find it( due to its peaceful spot location ).”
Loh’s conflicting impulses have left us perplexed: Does he want attention or not? Perhaps after we constantly assured him that we would not cost for this element, he afterwards stated that” he won’t pay income” for our protection.
Then he added that someone else— possibly a blog? had earlier stopped by and inquired if he would like to get featured in exchange for payment. & nbsp,
‘Business as usual’ for WeWork in Singapore; customers will not be impacted by US bankruptcy filing
According to Reuters, WeWork & nbsp, which struggles with its expensive leases and corporate clients canceling because some employees work from home, profitability has remained elusive. In the second quarter of 2023, WeWork managed to better 590 contracts, saving about US$ 12.7 billion in fixed rent payments, but rental pricesContinue Reading