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At the upcoming Beijing International Automotive Exhibition, Marelli will present ProConnect and the demo of a LiDAR sensor in a headlight.
ProConnect: the platform for the Chinese market
ProConnect is a platform that manages the instrument panel, infotainment devices and 5G connectivity in an integrated manner. The solution is designed for the Chinese market, where many carmakers are integrating the functions related to the management of the various on-board devices and telematics for ‘entry level’ and mid-range vehicles, to obtain an optimal relationship between costs and performance.
ProConnect uses MediaTek’s MT8675 integrated circuit (SoC – System on Chip). The solution manages both the instrument cluster and the infotainment system, supporting up to six displays and twelve cameras, while providing 5G connectivity performance (Release 15).
ProConnect therefore allows maximizing the value for car manufacturers and end consumers, eliminating superfluous components thanks to the integrated circuit, which supports the various functions (instrument panel, infotainment, telematic control unit), allowing savings of up to 40% compared to to traditional architecture.
New lighting technologies
Marelli brings 360° lighting and communication technologies to the Chinese capital, including the demo of a LiDAR sensor in a headlight. The other technologies on display include the LASER Wire Rear Lamp, which uses optical fibers to obtain exclusive designs in the rear light and was recently awarded the “CES Innovation Award Honoree 2024”, an extremely high definition microLED module with projection on the road and the most recent electronic control units for lighting.
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Marelli in Beijing with new functions for on-board management and connectivity
The index continued to fall despite the increase in the stock market transactions
– 2024-04-25 07:22:00
Trading on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) ended the fourth working day of the week on Wednesday (April 24) with indices falling. On this day, the rise of the index was noticed at the beginning of the trading in both the capital markets, but it turned downward at the end of the day. On this day, the amount of money traded in DSE and CSE has slightly increased compared to the previous working day. However, the share price of most of the companies and mutual fund units traded on both the stock exchanges fell.
This information is known from DSE and CSE sources.
For the past few months, there has been a recession in the capital market. Although various decisions have been taken initially to resolve the existing crisis in the capital market, they are not working. On the one hand, there has been a continuous decline in the price index in the capital market, on the other hand, ordinary investors are destitute. If this continues, investors and related parties think that no investor will be interested in investing in the capital market in the future.
The day’s market review showed that the day’s trading started with the rise of the index. However, within 30 minutes of trading, the index fell to bearish positions. After the next one hour the index returned to the upward position. Later, around 12:30 PM, the index began to fall again.
At the end of the day, the main index of DSE, DSEX, was down 45.63 points from the previous day at 5,578 points. The DSE Sharia Index fell by 6.16 points to 1,219 points and the DS30 Index rose by 4.24 points to 1,984 points.
A total of 394 shares and units of companies were traded on DSE. Among them, the share and unit prices of 79 companies increased, 274 decreased and 41 remained unchanged.
A total of Tk 602 crore 74 lakh shares and units were traded in DSE on this day. Shares and units worth Tk 597 crore 56 lakh were traded on the previous working day.
On the other hand, Chittagong Stock Exchange (CSE) CSCX is down 97.26 points at 9622 points. Overall index CASPI decreased by 173.92 points to 15 thousand 980 points, Sharia index decreased by 5.80 points to 1 thousand 47 points and CSE30 index decreased by 142.74 points to 12 thousand 333 points.
On the day, shares and units of 227 companies were traded on CSE. Among them, the share and unit prices of 42 companies increased, 165 decreased and 20 remained unchanged.
At the end of the day, shares and units worth Tk 26 crore 7 lakh were traded in CSE. Shares and units worth Tk 15 crore 16 lakh were traded on the previous working day.
MEF intensifies monitoring of the execution of private investment projects for more than US$ 3,000 million
At the end of the first quarter of 2024, the Specialized Investment Monitoring Team (EESI) of the MEF made progress that will contribute, at the end of 2024, to the execution of more than US$ 1.4 billion of investments in mining and more US$ 1,700 million in infrastructure.
The Ministry of Economy and Finance (MEF), through the Specialized Investment Monitoring Team (EESI), has been intensifying the monitoring of investment projects that have a significant impact on the economy in order to accelerate the recovery of growth. economic.
Thus, in the first months of 2024, EESI monitoring has made progress that will contribute to achieving, at the end of the year, an investment of more than US$ 1,400 million in mining and more than US$ 1,700 million in infrastructure (transport and electricity)1.
It should be remembered that the EESI is made up of a specialized technical team that is in charge of monitoring the execution plans of public, private and public-private investment projects, assisting in the identification of problems and obstacles that affect their execution, and in coordination with the competent authorities, proposes alternative solutions.
In this way, in the first months of the year, in the mining sector there have been:
- The approval of the authorization for Yumpag’s exploitation activities, which allows the investment of this project and Uchuchcaccua – of which Yumpag is a satellite mine – to be executed.
- The approval of the Modification of the Detailed Environmental Impact Study of Extension Antamina, which extends the useful life by 8 years of one of the main copper producing mines in the country.
- The approval of operating authorizations for the Quellaveco and Mina Justa projects, which make it possible for them to achieve their respective 2024 production goals, both being important copper producers that came into operation in recent years.
- The conformity of the Sustaining Technical Report (ITS) of Yauricocha Accumulation, which will allow the deepening of underground work and the implementation of drilling platforms to evaluate possible mineral reserves.
By 2024, in the mining sector, the advancement and execution of investments in mining projects and units such as Las Bambas (estimated investment 2024: US$ 519 million), Antamina Extension (US$ 222 million), Quellaveco (US $280 million), Zafranal (US$98 million), Raura MU (US$98 million), Mina Justa (US$89 million), Yumpag (US$39 million), Pucamarca MU (US$23 million), Yauricocha Accumulation (US$ 18 million), among others.
On the other hand, in these first months, EESI coordination in monitoring in the transportation sector contributed to:
- The delivery of the areas of Station 5 and Ventilation Well 06 of Branch 4 of Line 2 of the Lima and Callao Metro,
- The approval of the Socio-Environmental Technical Sheet for the temporary access bridge to the Jorge Chávez International Airport Expansion, which allows the implementation of the aforementioned bridge.
- The approval of the Modification of the Detailed Environmental Study of the Salaverry Multipurpose Port Terminal, the main milestone so that the owner can present the technical file, and other procedures to execute new investments.
For this year 2024, in the transportation sector, progress is planned for emblematic projects such as the Chancay Port Terminal (estimated investment 2024: US$ 770 million), Line 2 of the Lima and Callao Metro (US$ 488 million ), the Expansion of the Jorge Chávez International Airport (US$ 498 million), Salaverry Port Terminal (US$ 22 million), among others.
In the case of the electricity sector, until March of this year, progress was made, among others, such as the ITS compliance of the Expansion project of the Montalvo 500/220 kV and Poroma 500/220 kV SEs (US$ 20 million).
Monitoring results in 2023
The application of the EESI monitoring methodology has allowed, during the year 2023, the unblocking of various procedures or procedures that affected the schedules of a group of mining and infrastructure projects that, given their size, together achieved execution. of US$ 2,354 million2.
Among the main results of the mining sector (investment executed 2023: US$ 959 million), the environmental certifications obtained for the advancement of the Zafranal (US$ 20 million), Inmaculada Optimization (US$ 86 million), Yumpag (US$ 44 million), Ucchuchacua Mining Unit (US$ 20 million), Retamas (US$ 3 million); as well as various authorizations that allow greater investments, mainly in the Toromocho (US$ 130 million), Las Bambas (US$ 336 million), Pucamarca (US$ 2 million) projects, among others.
In the transportation sector, the investment executed in 2023 reached US$ 1,213 million, during which time various authorizations were approved (track interference, work execution authorizations) and engineering studies for the Line 2 project of the Lima and Callao Metro (US$ 315 million), the signing of the Addendum for the execution of the third stage of the Paita Port Terminal (US$ 23 million), the approval of authorizations and studies in the Chancay Port Terminal (US$ 171 million) and South Pier Expansion projects (US$ 130 million), the approval of environmental management instruments for the Red Vial 4 projects (US$ 43 million), North Pier Expansion (US$ 23 million) and Jorge Chávez International Airport Expansion (US$ 487 million) ; among others.
Likewise, in the electricity sector (executed investment: US$ 182 million), the Definitive Electricity Concessions were obtained that allowed the start of commercial operation of the New Electric Substation (SET) Valle del Chira (US$ 9 million) and 500 kV Mantaro-Nueva Yanango-Carapongo Link (US$ 26 million). Additionally, pronouncements were issued that make it possible to advance the projects Enlace 220 kV Pariñas – Nueva Tumbes (US$ 32 million), Enlace 220 kV Tingo María – Aguaytía (US$ 24 million) and Enlace 500 kV La Niña – Piura, Miguel Grau (US$89 million); among others.
The MEF reiterates its commitment to promoting private and public-private investment in the different sectors of the national economy, as a mechanism to accelerate the recovery of economic growth. The monitoring of investment projects to make it possible to comply with the execution of their investment schedules is an activity prioritized by the current management as an effective tool for said objective.
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– 2024-04-25 06:47:56
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