KBZMS General Insurance threw a seminar with InterRisk Asia at a Yangon hotel, where Myanmar and Japanese businesses talked about earthquake prep and keeping operations running after disasters. CEO U Lu Mon Aung said families and companies need better risk assessment programs and stronger government-private sector teamwork to handle seismic events.
ActionAid's Lafir Mohammad pushed for more investment in emergency services and financial help to support private businesses during crises. Daw Chaw Kalayar from the Myanmar Green Building Society wants earthquake safety training for rural builders and loans for retrofitting homes since preparedness plans barely reach villages outside cities.
The Financial Regulatory Department's deputy...
A village head in Masvingo became the center of wild speculation after lightning supposedly freed his clamped car, but the guy says everyone needs to chill because he had zero clue what went down. The 36-year-old dude parked at Tsungai Complex and came back to find people hyping him up like he summoned the storm himself, when really a lightning strike knocked a brick off a building that smashed the clamp lock. He only realized his ride had been clamped after spotting the broken device on the ground.
The village head swears he never beefed with parking enforcement and actually displays his official badge to skip fees regularly. He told reporters the municipal worker forgot it was his car since he took longer than usual running errands...
A train completely wrecked some guy who was passed out on the tracks near Luveve when the driver spotted him, but could not stop in time. The 43-year-old conductor was heading from Bulawayo toward Victoria Falls when his train hit the victim and severed both legs. Dude somehow survived getting dragged by the front bumper and is currently recovering at Mpilo Central Hospital with head injuries on top of losing his limbs.
Police are telling people to stop treating railway lines like hangout spots because they are extremely dangerous zones. Inspector Nomalanga Msebele wants families with missing relatives to check the hospital since nobody knows who this guy is yet.
A massive storm trashed part of Khami Prisons Complex near Bulawayo when strong winds ripped through the medium-security facility and damaged three cell blocks plus 160 meters of perimeter fence. No inmates got hurt, and everyone stayed calm while officers moved them to safer buildings during the chaos. Assistant Commissioner Priscilla Mthembu said the prisoners handled everything responsibly, which shows the rehabilitation programs are actually working.
Government emergency teams and the local fire brigade showed up fast to assess damage and start repairs on both inmate housing and staff homes. Workers were already measuring roofs and digging holes to fix the fence wall by the next day. A separate hailstorm also destroyed classroom...
A woman in Mt Pleasant got her 45,000-dollar Land Rover Discovery 4 back just hours after reporting it stolen when cops tracked it down nearby. Juliet Paradzai had left the SUV sitting in her carport with a dead battery for three months, and someone swiped it overnight because both the main gate and carport were unlocked.
The Vehicle Theft Squad jumped on the case immediately after the 54-year-old called it in, and they found the ride still in one piece within the same neighborhood. Police are telling people to lock their stuff up and stop leaving valuables in parked cars because thieves will absolutely take advantage of easy targets.
Myanmar's central bank dumped over 1.2 million dollars into the edible oil import sector after buying foreign currency from CMP companies. The institution has been flooding the market with cash across multiple currencies to stop the exchange rate from tanking.
The bank moved more than 21 million dollars plus yuan and baht during the previous month, with most of it going toward fuel and cooking oil imports. They also announced plans to sell 28 million to fuel importers while continuing smaller daily injections.
The whole operation is part of their plan to stabilize currency values and crack down on black market traders manipulating exchange rates. Private banks got the green light to run their own forex trading based on supply and...
Yangon City Development Committee wants private developers to build affordable housing across three townships through a public-private partnership setup. The project covers Dagon Myothit South with 36 six-story apartment blocks and 20 shops, Dagon Seikkan with ten residential buildings, and Dagon Myothit East with 45 towers plus commercial space on a nearly three-acre plot.
Tender documents go on sale between early and mid-December, and bids need to hit the Engineering Department desk in Kyauktada by the end of the month. Anyone wanting more info about submission rules can call the department directly.
Allegheny Financial just kicked off prep work for a four-tower project in Zagreb's Zavrtnica area that will pack 616 apartments across 23-story buildings. The company got its first construction permit seven years back, and the site covers around 123,000 square meters with a modern design from architect Marko Dabrović.
The developer secured a 20-million-euro loan and already has another building going up in Trešnjevka, which basically proves they have the cash and momentum to actually pull this off. Damir Farkaš and Višeslav Vukojević own the main investor company behind the luxury apartment concept.
The location sits next to a business district with highway access, though a planned passenger terminal for the neighborhood has been...
Croatian tourism giant Valamar is dropping 245 million euros on upgrades, with most of the cash going toward finishing the Pical resort in Poreč. The five-star property is supposed to open next spring, and the company is calling it the biggest tourism project Croatia has ever seen. The Pical zone alone is eating up around 200 million euros of the total budget.
The rest of the money is going toward renovating older hotels into a new four-star spot called Sunny Poreč, building a high-tech laundry facility, and creating employee housing in the city center. Valamar is also funding a central kitchen project and throwing money at beaches and sports facilities across its properties.
Imperial Riviera, which Valamar owns, is putting 81 million...
