New developments in the scandal of bidding for expressway construction in Binh Phuoc
On the evening of May 27, Mr. Dinh Tien Hai - Director of the Binh Phuoc Provincial Construction Investment Project Management Board confirmed that by this afternoon, the Management Board had received an official document from Son Hai Group.
Regarding the bidding process, Mr. Dinh Tien Hai said that the unit carried out the bidding procedures widely in accordance with the provisions of law.
Regarding the information that Mr. Vu Ngoc Tru - Head of the Bidding Expert Team, has expired his bidding practice certificate since October 2023, Mr. Dinh Tien Hai said that this is unofficial information. The Board has controlled and evaluated that Mr. Vu Ngoc Tru's practice certificate was issued in 2023 and is valid for 5 years, and will expire in 2028.
When the reporter asked whether the bidding process is biased towards the winning bidder, Mr. Dinh Tien Hai said: "In general, after receiving the official document, the province will have an answer. The province is currently implementing the process, there will probably be more information in a few days" - Mr. Dinh Tien Hai said. See more...
Yen will continue to increase in price in the coming time
According to Lao Dong, on May 27, the Japanese Yen (JPY) maintained a strong increase, trading around 142 JPY/USD - the highest level in more than a month.
The main driver for the JPY's recovery comes from positive domestic inflation data and "hawl" statements from the Bank of Japan (BoJ), reinforcing expectations that the BoJ will continue its interest rate hike cycle in the coming time. See more...
Dr. Tran Tan Phuong - rice breeder for farmers
USD surges, putting pressure on gold prices and the precious metal market
According to Reuters, gold prices fell on Tuesday as the USD regained some of its previous decline, in the context of persistent concerns about US financial prospects and the waiting for important economic data, making investors cautious about interest rate movements.
Kelvin Wong - senior analyst for the Asia Pacific region at OANDA commented: "Currently, gold prices are showing an adjustment trend and the market is waiting for a new momentum. However, investors are also concerned about the widening US budget deficit, which is a factor supporting gold prices while putting pressure on the US dollar to weaken.
Meanwhile, the US dollar index (DXY) rebounded after hitting nearly a month's low in the previous session, making USD-denominated gold less attractive to investors using other currencies. See more...
