logo
Exec linked to Bangkok building collapse arrested

Exec linked to Bangkok building collapse arrested

Arab News20-04-2025
BANGKOK: Thai authorities said they have arrested a Chinese executive at a company that was building a Bangkok skyscraper which collapsed in a major earthquake, leaving dozens dead.
The 30-story tower was reduced to an immense pile of rubble when a 7.7-magnitude quake struck neighboring Myanmar last month, killing 47 people at the construction site and leaving another 47 missing.
Justice Minister Tawee Sodsong told a news conference Saturday that a Thai court had issued arrest warrants for four individuals, including three Thai nationals, at China Railway No.10 for breaching the Foreign Business Act.
The Department of Special Investigation, which is under the justice ministry, said in a statement Saturday that one of the four had been arrested — a Chinese 'company representative' who they named as Zhang.
China Railway No.10 was part of a joint venture with an Italian-Thai firm to build the State Audit Office tower before its collapse.
Zhang is listed as a 49-percent shareholder in the firm, while the three Thai citizens have a 51-percent stake in the company.
But Tawee told journalists that 'we have evidence ... that the three Thais were holding shares for other foreign independents.'
The Foreign Business Act says that foreigners may hold no more than 49 percent of shares in a company.
Separately, Tawee said several investigations related to the collapse were ongoing, including over the possibility of bid rigging and the use of fake signatures of engineers in construction supervisor contracts.
Earlier this month Thai safety officials said testing of steel rebars — struts used to reinforce concrete — from the site has found that some of the metal used was substandard.
The skyscraper was the only major building in the capital to fall in the catastrophic March 28 earthquake that has killed more than 3,700 people in Thailand and neighboring Myanmar.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi Aramco reduces August propane, butane benchmarks
Saudi Aramco reduces August propane, butane benchmarks

Arab News

time2 hours ago

  • Arab News

Saudi Aramco reduces August propane, butane benchmarks

RIYADH: Saudi Aramco has reduced its official selling prices for liquefied petroleum gas for August 2025. The state energy giant on Thursday set propane at $520 per tonne and butane at $490 per tonne — both down $55 from July. The cuts reflect rising global production, particularly from the US and other Middle Eastern producers, and persistently high inventories following a milder-than-expected 2024-25 winter. LPG, which includes propane and butane, is widely used for residential heating, cooking, transportation, and petrochemical feedstocks. Aramco's monthly prices serve as a benchmark for exports from the Gulf to Asia, the world's largest consuming region. The price drop comes as warmer summer weather continues to curb seasonal demand for heating fuels. At the same time, global energy prices have come under pressure. The US Henry Hub natural gas spot price slipped to $3.07 per million British thermal units in July 2025, further weighing on LPG markets, as the commodity is a byproduct of both crude oil refining and natural gas processing. In addition to oversupply, structural shifts are also shaping LPG dynamics. Aramco's pricing strategy reflects the need to stay competitive in a changing market, with growing pressure from the global energy transition and emerging geopolitical risks that could disrupt trade flows and shipping routes. China, a major LPG consumer and importer, has also seen weaker demand in recent months. The transition to summer has reduced both residential and industrial heating needs, while rising inventories, logistical bottlenecks such as port congestion, and high storage levels have constrained consumption. In March 2025, China's domestic LPG prices fell to $671 per tonne, reflecting weaker demand and increased regulatory scrutiny. The country's ongoing push toward renewable energy sources and stricter environmental controls has also weighed on LPG use in the petrochemical and manufacturing sectors. Together, these factors signal a broader market softening that has prompted Aramco's latest round of price adjustments.

China summons chip giant Nvidia over alleged security risks
China summons chip giant Nvidia over alleged security risks

Arab News

time5 hours ago

  • Arab News

China summons chip giant Nvidia over alleged security risks

BEIJING: Chinese Internet authorities summoned Nvidia on Thursday to discuss 'serious security issues' over some of its artificial intelligence (AI) chips, as the US technology giant finds itself entangled in trade tensions between Beijing and is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds.A key issue has been Chinese access to the 'H20,' a less powerful version of Nvidia's AI processing units that the company developed specifically for export to California-based firm said earlier this month that it would resume H20 sales to China after Washington pledged to remove licensing curbs that had halted the firm still faces obstacles — US lawmakers have proposed plans to require Nvidia and other manufacturers of advanced AI chips to include built-in location tracking on Thursday, Beijing's top Internet regulator said it had summoned Nvidia representatives to discuss recently discovered 'serious security issues' involving the Cyberspace Administration of China said it had asked Nvidia to 'explain the security risks of vulnerabilities and backdoors in its H20 chips sold to China and submit relevant supporting materials.'The statement posted on social media noted that, according to US experts, location tracking and remote shutdown technologies for Nvidia chips 'are already matured.'The announcement marked the latest complication for Nvidia in selling its advanced products in the key Chinese market, where it is in increasingly fierce competition with homegrown technology Jensen Huang said during a closely watched visit to Beijing this month that his firm remained committed to serving local said he had been assured during talks with top Chinese officials during the trip that the country was 'open and stable.''They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here,' he this month became the first company to hit $4 trillion in market value — a new milestone in Wall Street's bet that AI will transform the global hurdles to the firm's operation in China come as the country's economy wavers, beset by a years-long property sector crisis and heightened trade headwinds under US President Donald President Xi Jinping has called for the country to enhance self-reliance in certain areas deemed vital for national security — including AI and semiconductors — as tensions with Washington country's firms have made great strides in recent years, with Huang praising their 'super-fast' innovation during his visit to Beijing this month.

Why infrastructure, not apps, will define the next digital economy
Why infrastructure, not apps, will define the next digital economy

Al Arabiya

time21 hours ago

  • Al Arabiya

Why infrastructure, not apps, will define the next digital economy

It's no longer about who builds the best app. It's about who builds and governs the infrastructure on which those apps rely. The next chapter of the digital economy will not be driven by viral trends or breakthrough platforms. It will be shaped by the systems beneath them. One of the most important – yet least visible – is 10G broadband. For all the latest headlines follow our Google News channel online or via the app. While 5G grabs headlines for mobile connectivity, 10G delivers symmetrical speeds of up to 10 gigabits per second to homes and businesses. This is more than just a technical upgrade. It provides the rock-solid speed and capacity needed for the next generation of data-heavy technologies: AI, immersive learning, quantum computing, and beyond. We are witnessing this shift unfold in real time. Mobile networks still dominate public conversation, but fixed broadband infrastructure like 10G is becoming critical. Sectors such as education, healthcare, and manufacturing increasingly depend on the reliability and speed that only robust fixed networks can deliver. However, progress is uneven. Some countries are advancing swiftly, while others still rely on 3G. Without a coordinated and inclusive rollout, 10G risks reinforcing digital inequality rather than addressing it. There is also a wider geopolitical context. The United States is investing heavily in cloud infrastructure and AI. China is exporting fiber networks and digital hardware to countries across the Global South. The European Union is anchoring its digital strategy in privacy, user rights, and interoperability. Meanwhile, countries like Japan, Germany, and South Korea are prioritizing broadband and satellite internet to enhance national autonomy. These aren't just different technologies. They reflect different governance models, and the greater the divergence, the higher the risk of fragmentation. Emerging economies may find themselves caught between incompatible standards, suppliers, and systems. That limits their ability to build independent, resilient digital economies. To support more informed infrastructure decisions, the Digital Cooperation Organization's Digital Economy Navigator was designed to provide governments with a diagnostic tool to assess the maturity of their digital economy and pinpoint infrastructure and policy gaps. One of the most persistent barriers it identifies is inadequate digital connectivity – a foundational barrier to meaningful digital participation. Without targeted investment, especially in underserved regions, these gaps will only grow, widening the global digital divide. Infrastructure decisions also carry long-term consequences. One is environmental. 10G and the data centers that support it are energy-intensive. Without a commitment to green design, renewable energy, and circular systems, we risk undermining the very sustainability goals this infrastructure is meant to support. Another is affordability. If 10G is limited to urban centers, rural schools, clinics and businesses will be left behind. Digital investment must be inclusive, or it risks reinforcing the very divides it claims to fix. We need a shared approach. Governments, private companies, and international organizations must align around open technical standards, strong regulatory frameworks, environmental safeguards, and data protections. This is not about charity. It's about long-term digital resilience. 10G has the potential to power the most transformative technologies of our time. But speed alone does not guarantee progress. The infrastructure must be designed with inclusion and sustainability in mind. Otherwise, we risk replicating the same inequalities and inefficiencies we set out to solve. Digital infrastructure has moved from the background to the foreground. The decisions we make now, about how and where we build, will shape the digital economy for years to come. We have a narrow window get this right. Let's make it work for everyone.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store