Premium / Analysis: DSV vs AutoZone – where eagles dare

first_img Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium By Alessandro Pasetti 11/02/2020 LOGIN Forgotten your password? Please click here Premium subscriber LOGIN << Go back Please either REGISTER or login below to continue Email* Reset Your Password Please Login New Premium subscriber REGISTER Password* If I had written a column today based on the attractiveness of the information in the conference call after the record annual results released by DSV Panalpina (DSV PAN) last week, I would have stopped here.Luckily, there is more meat on the bone when considering the huge buyback deployment and a nifty corporate parallel, although on a preliminary basis the key takeaways from the exchange between DSV PAN management and the analysts were:a) As management acknowledged, some reported metrics (cash ... Email* Resetlast_img read more

Call for safety regulations after fatal tractor crash

first_imgNewsEconomy Facebook Twitter The ‘Chollima-804’ model tractor appears on a poster for the 2017 National Industry and Art Exhibition. Image: Daily NK North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News Various new tractors and lorries on display in Kim Il Sung Square in Pyongyang on December 7. Image: Rodong Sinmun RELATED ARTICLESMORE FROM AUTHOR SHARE Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] center_img A tractor being delivered as a gift from Kim Jong Un was recently involved in a deadly accident in Ryanggang Province, resulting in the deaths of the driver and all passengers. “In early December last year, Kim Jong Un allocated tractors to residents of the Samsu and Gapsan regions of Ryanggang, but there was an accident as one was in the process of being delivered to the area. The tractor apparently fell off a cliff, killing the driver and all others on board,” a source in the region told Daily NK on January 3. Explaining the reasons for the accident, the source said that it occurred at night and that season-appropriate tire chains “did not come pre-installed as part of the gift.”Local cadres have reportedly been asking themselves who is to blame for the incident, with some worried that it may turn into a ‘political incident’ if it is perceived that Kim Jong Un failed to deliver the tractor in a proper manner.The source said that “officials first organized the funeral for the dead before looking into who was to blame. Funeral responsibilities were taken on by local cooperative farm management and county party offices.”In general, officials are hoping to avoid accusations of negligence or lax regulations in the fallout of the event. News of safety accidents have been spreading like wildfire throughout Ryanggang recently, but officials have not yet responded with a plan or policy. The source relayed one such story of a wreck occurring just days before the tractor accident, where “16 people died when a lorry carrying traders hustling to complete their end-of-year business crashed due to slippery road conditions.” He added that “the authorities still did not hint at any new safety regulations.”Sources across the country report that road accidents occur at a dizzying pace in winter months in the mountainous regions, especially on the narrow roads of Ryanggang Province. The frequency is so high that such accidents are a common topic of conversation among residents. “The scenes of the accidents are merely repaired each time, but year after year, people continue to die in traffic accidents on these narrow roads, steep slopes, and sharp curves. Drivers are allowed to go on using just a single headlight, for instance, reducing visibility and leading to crashes,” a separate source in Ryanggang Province said.The North Korean authorities held a massive event in Kim Il Sung Square in Pyongyang on December 7 promoting their success in developing various tractor and lorry models, lining them up for propaganda display. Around 300 vehicles were on display, including the “Chollima-804” and “Chungsong-122” tractors and the “Seungni” flatbed lorry. News Call for safety regulations after fatal tractor crash By Kang Mi Jin – 2018.01.08 6:03pm US dollar and Chinese reminbi plummet against North Korean won once again News Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more