#Yupana

[seanmorroww]

Indopan - “Floating Down Town”

Yupana [100% Silk, 2023]

[shamanflavio]

Understanding Time and Dreams Come True

The Andean Culture did not have a written language as known or understood by modern academics. Our way of understanding the world is largely symbolic. We developed structures that to this day still cannot be explained and this was developed with a very unique mathematical system that was recently discovered, the “Yupana”. Our written language was weaved into all of our textiles and within the…

[sailor-brunette]

I’m probably not the first one to think of this but...

These two love rice more than I think is healthy to. I thought they'd make a cute crossover w/w ship

Yuko Omori/Cure Honey (Happiness Charge Precure)

x

Hanayo Koizumi (Love Live!)

We’ll see where it goes. Stay tuned. ^ ^

[coolancientstuff]

Yupana, ancient Inca calculators. Small pebbles of different colors or grains of corn were placed in small trays of wood or stone which indicated numerical value. We know that the Inca used them to keep meticulous record of astrological movements, the reigns of kings and to track commerce throughout the empire. One source says that no village of the Inca, no matter how small, lacked yupana.

Using yupanas, the Incas could count into the millions. According to Jesuit records of the Yupana, the calculations were never incorrect. Unfortunately, the exact system of calculating with stones has been forgotten, but many reconstructions have been put forth by eminent mathematicians and archaeologists.

[bitcofun]

Source: AdobeStock/ sdx15 Get your everyday, bite-sized absorb of cryptoasset and blockchain-related news-- examining the stories flying under the radar these days's crypto news. __________ Adoption news Crypto.com wallet clients can now acquire daily products, such as fuel, coffee, and sandwiches throughout 175 On The Run(OTR) fuel and corner store websites throughout Victoria, South Australia. and Western Australia utilizing their crypto by utilizing the Crypto.com App to scan a QR code on their phone. Peregrine Corp, the owner of OTR, prepares to present the ability to another 250 retail websites throughout the nation, stated the statement. Brazillian financial investment bank BTG Pactual released a crypto trading platform. Called Mynt, the platform will use its users access to bitcoin (BTC), ether (ETH), solana (SOL), polkadot (DOT), and cardano (ADA), the business stated in a news release Investment news The CEO of a significant Canadian institutional financier just recently stated he's crossed out the business's stake in Celsius (CEL), Bloomberg reported. Charles Emond, CEO of the Caisse de Depot et Placement du Quebec, talked about investing USD 150 m into the struggling crypto lending institution, which submitted for Chapter 11 personal bankruptcy last month, and stated although the due diligence was "rather substantial", it is not a warranty of success. He included that he has "compassion" for countless financiers whose funds Celsius had actually secured. Non-custodial loaning procedure Yupana.Finance stated that it is supplying credit procedure advantages to the Tezos (XTZ) neighborhood, allowing them to obtain, provide, and make benefits. Journalism release specified that the designers of Madfish, a software application advancement business in the Tezos community, have actually checked Yupana "thoroughly" which it is currently introduced on the Tezos mainnet. Blockchain cybersecurity company dWallet Labs has actually raised USD 5m to construct its services on top of Odsy Network, a news release stated The pre-seed financing was led by Node Capital and Digital Currency Group, and signed up with by Amplify Partners, Lightshift Capital, Liquid2 Ventures, Collider Ventures, and more, in addition to creators and angel financiers from Coinbase, Ethereum, Celo, AngelList, Alt, Spearhead, and others. Singapore-based crypto staking company RockX has actually been acknowledged by Staking Rewards, a main info center and information aggregator for crypto staking, as a Verified Staking Provider with result from July 20,2022 Providing non-custodial staking services for all significant Proof-of-Stake public blockchains, RockX is among 22 companies internationally that have actually looked for and gotten confirmation, while 4 out of these are based in Asia, stated a news release shown Cryptonews.com Payments news Crypto platform Wirex has presented brand-new payment approaches, to make it simpler for users to top up and withdraw funds from their accounts. The approaches consist of SEPA Instant and Faster Payments, enabling clients in the UK and the EEA to move GBP and EUR in between Wirex and savings account more quickly, it stated. Security news Blockchain interoperability procedure Celer Network was required to close down its cBridge item after coming under a Domain Name System (DNS) pirating attack. To alleviate the possible danger, the business asked its users to withdraw the approval for a variety of agreements, consisting of Polygon (MATIC), Avalanche (AVAX), and others. Following this, the group specified that cBridge frontend interface (UI) is now up once again with extra tracking in location. Stablecoin news Tether, the company of the USDT stablecoin, stated that it is upgrading its guarantee and attestation procedures, and formally started dealing with BDO Italia, the Italian member company of BDO international company, the leading 5 ranked international independent public accounting company, in July 2022 for its quarterly attestations.

Tether will likewise concentrate on moving towards launching its attestations from a quarterly basis to regular monthly reports. Legal news A Russian male, implicated of laundering cryptocurrencies taken through ransomware attacks, was extradited from the Netherlands to the United States, where he'll deal with charges of co-conspiring to cash laundering, and other criminal offenses, the United States Department of Justice revealed 29- year-old Denis Mihaqlovic Dubnikov is taking a look at a 20- year jail sentence, must he be founded guilty. The cash he was supposedly laundering was being available in through the Ryuk ransomware pressure. Gaming news The Sandbox's Alpha Season 3 will introduce on August 24, the business validated in a news release today. It stated that this will be the most significant Alpha Season to date, as it consists of 98 experiences over 10 weeks, suggesting gamers will get brand-new material every day. Online multiplayer IO video game Snook revealed its BBT Themed spaces for environment partners - a top quality, token-gated experience where jobs can engage with their neighborhood. It likewise symbolizes the capacity of cooperation in the Web3 area, stated a news release shown Cryptonews.com Snook's collaboration with blockchain domain contractor Unstoppable Domains allows Snook users to visit with their Unstoppable Domain and bet other UD holders. The video game likewise partnered with LobsterDAO and introduced LobsterDAO BBT-themed spaces, and it will be hosting an unique video game night for all the LobsterDAO NFT holders. Gaming-oriented blockchain Oasys revealed the winners of its Web3 video game pitch occasion that it had actually just recently kept in Seoul, South Korea. TROUBLE PUNK: Cyber Galz, a fight royale-style action video game won the competitors, bringing its designers, Catze Labs, 600,000 of Oasys' native tokens, OAS, along with very first settlement rights with Arriba, BNE 021 Fund, and DJT Ventures Pomerium, Epic League, and Tanuki Squad flash location, winning OAS 200,000 each. Career news CEO of crypto exchange Genesis Trading, Michael Moro, has actually stepped down from his position, at a time when his business deals with significant losses due to the fall of Three Arrows Capital According to Bloomberg, he will be prospered by the present Chief Operating Officer, Derar Islim, who signed up with the business 2 years back. Read More

[punofolk]

La Yupana o Ábaco Peruano

Sirvió como instrumento para calcular y se valió del quipo como el medio de registros. Existieron yupanas más complicadas con variantes en las cuales se debieron realizar las operaciones de cálculo superior tales como la rafz cuadrada, potenciación, en fin, operaciones complejas sin cuyo manejo hubiera sido imposible realizar las grandes obras de ingeniería que llevaron a cabo nuestros antepasados. Este artefacto se ha venido manejando desde antes de la presencia Inca en todo el territorio peruano, claro está que con modificaciones en cuanto a la técnica y al sistema de manejo y dependiendo del requerimiento de cada sociedad.

⏳ Cultura Inca (1470 d.C. - 1532 d.C.) ⏳

Fuente: La Yupana: El Ábaco Peruano (Autora: Cecilia Elizabeth Pachas De La Colina) 📚

Créditos: Museo Nacional de Arqueología, Antropología e Historia del Perú ©️

[existentialexitwounds]

quipu

So the Inca addition system is the exact same one they taught in school and that tells me something. Hypothetically. https://en.wikipedia.org/wiki/Yupana https://en.wikipedia.org/wiki/Ostomachion https://en.wikipedia.org/wiki/Binary_space_partitioning https://en.wikipedia.org/wiki/Archimedes_Palimpsest

[bangkokjacknews]

Red Bull heirs: The Thai family with 11 billionaires

The 38km leap from the edge of space to the sands of New Mexico was vintage #RedBull. With logos emblazoned across the skydiver's spacesuit, helmet and parachute, the 135kmh freefall played out in 13 minutes of heart-stopping video streamed live on the Internet. It's the kind of stunt that's helped leave 11 surviving family members of reclusive Thai entrepreneur and sometime duck farmer Chaleo Yoovidhya with collective wealth of NZD$31 billion, the world's largest fortune from energy drinks, according to the Bloomberg Billionaires Index. While the relatives live well, "they do not brag about it," said Yupana Wiwattanakantang, associate professor at the National University of Singapore's Business School. Yoovidhya "set the tone being humble and modest." FLYING BULLS The bulk of the fortune sits in Red Bull GmbH, the Austria-based business that owns rights to distribute a carbonated version of Yoovidhya's original recipe, as well as sports and adventure assets that include an airborne stunt team, "The Flying Bulls," four professional football teams, two Formula One race teams and units that organise and promote events such as the space jump four years ago by daredevil Felix Baumgartner. Chaleo Yoovidhya, who died in 2012, established closely held TC Pharmaceutical Industries in 1956 to sell antibiotics. He later pivoted to energy tonics, and in 1975 invented a drink made with caffeine, sugar, and the amino acid, taurine, that he called Krating Daeng, or "red bull" in Thai. It was sold as an inexpensive energy drink in Asia until 1987, when he teamed up with Austrian marketing whiz Dietrich Mateschitz, who discovered the drink while seeking to counteract jet lag on a business trip in the region. Together, they built fortunes by modifying the recipe and creating a global brand around an adrenaline-fuelled culture of extreme sports that catered to everyone from sleep-deprived students and truck drivers to ravers and thrill-seekers. Mateschitz, 72, controls an NZD$17.3 billion fortune, ranking him as the 80th-richest person on the Bloomberg index. Representatives of the family and Mateschitz, declined to comment on their wealth. FAMILY FORTUNE Ten Yoovidhya family members share 49 per cent of Red Bull GmbH while Chalerm Yoovidhya, the patriarch's eldest son, owns another 2 per cent, according to Orbis, a database of closely held companies published by Bureau van Dijk, and corporate filings from the Hong Kong Companies Registry. The remaining 49 percent is held by Mateschitz. Seven members of the Yoovidhya family also own TC Pharmaceutical, which controls 51 per cent of Red Bull China, according to a person with knowledge of the matter, who asked not to be identified discussing private holdings. The company began selling the original version of the drink in China in 1993 and established a manufacturing facility in Hainan province. It expanded the operation two years later and formed a joint venture with Chanchai Ruayrungruang, a Thai-Chinese entrepreneur who also goes by the Chinese name Yan Bin. Previous wealth estimates apply full ownership of Red Bull China to Ruayrungruang, the world's 325th-richest person with NZD$6.6 billion, according to the index. Mateschitz doesn't have a stake in the Asian ventures. Reignwood Group, the company Ruayrungruang founded, didn't respond to requests seeking comment on his net worth. BOOMING INDUSTRY Red Bull has helped create a booming industry, with global energy-drink sales of NZD$60.3 billion in 2015, according to Euromonitor, which estimates the segment will continue growing at an 11 per cent compound annual rate through 2020. Red Bull has a 30.2 per cent global share of the market and TC Pharmaceutical another 11.8 per cent, according to the London-based research group. "It's a brand built on events," said Rohit Deshpande, professor of marketing at Harvard Business School. "Yoovidhya is seen as the person who came up with the idea for the product, what goes inside the can. And the Austrian is seen as the guy who promotes it." Red Bull GmbH had NZD$8.7 billion of global revenue in 2015, according to its website. Publicly traded Monster Beverage, Red Bull's closest peer, had NZD$3.8 billion of revenue in 2015, and its two founders, Rodney Sacks and Hilton Schlosberg, have a combined wealth of NZD$3.1 billion. Russell Weiner, who founded Las Vegas, Nevada-based Rockstar, owns 85 per cent of the No. 5-selling brand and has a NZD$4.2 billion net worth, according to the index. His mother, Janet, owns the balance. Monster spokesman Roger Pondel said Schlosberg and Sacks declined to comment on their wealth. A spokesman for Weiner didn't return phone calls seeking comment. Reclusive The Yoovidhyas, the only billionaires of the group who aren't founders, have kept the no-limelight approach favoured by the patriarch, a devout Buddhist who was said to prefer spending his free time running the family duck farm. In three decades at the helm of TC Pharmaceutical, the billionaire never gave an interview nor made any public appearances, according to a Thai daily, The Nation. China Daily reported in January that the family is seeking to re-negotiate terms of the partnership there, with Saravoot Yoovidhya, the CEO of TC Pharmaceutical, quoted saying that the two sides needed to make "adjustments for the future." Succession at Red Bull GmbH is also a concern, according to National University of Singapore's Wiwattanakantang, where Mateschitz has led the marketing effort and the Yoovidhya heirs "haven't shown the ability to do that so far". Tina Deutner, the spokeswoman for Mateschitz, said the billionaire has a working relationship with the family that "is both professional and amicable".  - Bloomberg Read the full article

[writerkingdom]

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[jaimeariansencespedes]

003 – LITERATURA PERUANA – LA ESCRITURA EN EL TAWANTINSUYO –

Es de recordar al respecto que en los Andes no se conocía la escritura con caracteres sobre una superficie, tal y como se entiende en occidente, pero los quipus parecen haber sido una eficaz herramienta mnemotécnica en las labores administrativas de la civilización Inca y que podrían haber servido para recordar hechos acontecidos.

Se postula que era un sistema equivalente a la escritura pues es posible lograr más de 8 millones de combinaciones gracias a la diversidad de colores de cuerdas, distancia entre cuerdas, posiciones y tipo de los nudos posibles. Hay algunos pueblos andinos, ubicados en zonas alejadas, que mencionan tener tradiciones orales "escritas" en los quipus de su localidad.

William Burns Glynn plantea que los quipus eran libros con una escritura alfanumérica donde los números simbolizados en cada nudo representan una consonante de la lengua quechua y, a su vez, tienen una equivalencia con los dibujos geométricos utilizados en cenefas textiles y en la alfarería, con lo cual ellos también se convierten en textos de escritura incaica.

El 12 de agosto del 2005, la revista Science incluye el reportaje "Khipu Accounting in Ancient Perú" ("Contabilidad con Quipu en el antiguo Perú") de Gary Urton y Carrie J. Brenzine según el cual por primera vez se hubiera descifrado un elemento no numérico en un quipu: un topónimo para el pueblo de Puruchuco al inicio del mismo, constante de tres nudos óctuples.

Los tocapus eran unos diseños textiles que, dependiendo de los colores, las figuras y la combinación de estas creaban todo un lenguaje escrito. Estos tocapus no solo se empleaban para transmitir el idioma sino que también se usaban matemáticamente. A causa de su dificultad, se necesitaban varios años de estudio hasta poder leer con facilidad; por esto solo se lo podían permitir los grandes dignatarios y personajes especiales.

Cieza de León expresó "los quipus significaban diversas cosas y cuanto los libros pueden decir de historias, leyes ceremoniales y cuentas de negocios..."; Felipe Guamán Poma: "Los escribanos asentaban todo en el quipu con tanta habilidad que las anotaciones resultaban en los cordeles como si se hubiera escrito con letras".

La teoría de que una cultura tan importante, extensa y compleja como la Inca, no podría haberse desarrollado de tal manera sin escritura, motivó la hipótesis del trabajo de "encontrarla" en muchos investigadores, entre ellos William Burns Glynn. La presunción de que "debía" existir, tal vez haya llevado a resultados forzados que están en pleno debate.

Así, en el Perú de la antigüedad habría habido tres formas de escritura:

1.     Los tocapus.

2.     Los quipus.

3.     Los tablones con pinturas almacenadas en el Poquencancha.

De las tres modalidades una nunca podremos ver: el Poquencancha (una especie de biblioteca), donde se guardaban unas tablas muy parecidas a a las actuales de Sarhua, fue quemado en el siglo XVI, durante la llamada extirpación de idolatrías. De esa destrucción sólo se salvaron algunos que se remitieron a la corona española, pero no se sabe si naufragaron en su traslado, o fueron destruidos posteriormente, con ellos desaparecieron todas las muestras de esta escritura pictográfica.

También los tocapus y quipus fueron saqueados, aunque se conservan valiosos ejemplares.

William Burns, sostuvo que la yupana (ábaco de cálculo), medio de cálculo numérico y los quipus debían operarse a través del sistema decimal, pues la numeración inca era por décimos. Así plantea que los quipus son libros con una escritura alfanumérica donde los números simbolizados en cada nudo representan una consonante de la lengua quechua y, a su vez, tienen una equivalencia con los dibujos geométricos utilizados en cenefas textiles y en la alfarería, con lo cual ellos también se convierten en textos de escritura incaica.

Si los quipus debían operarse a través del sistema decimal, el alfabeto debería ser de 10 signos. Burns excluyó los sonidos vocales, y luego las consonantes de sonido similar. Obtenidos los diez signos, al relacionarlos con los colores de los hilos de los quipus, y los signos geométricos que acompañan la "Nueva Crónica y Buen Gobierno" de Guamán Poma, encontró un coherente sistema de escritura.

Para Burns hay una relación acrofónica entre los números del sistema decimal, empleado por los antiguos peruanos, con grafías (quellcas) o letras con características geométricas que equivalían a diez consonantes.

Revista Literatura Peruana – jaimeariansen@outlook.com

[arqueologiadelperu]

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La tecnología de punta en las antiguas civilizaciones del Perú

En el Antiguo Perú siempre tuvimos tecnología de punta, veamos, si ésta es definida como la práctica del conocimiento científico para satisfacer las necesidades; o, los conocimientos adquiridos que permiten fabricar objetos y modificar el entorno; o, toda tecnología de avanzada e innovadora; y, si en la RAE la tecnología es definida como el “conjunto de teorías y de técnicas que permiten el aprovechamiento práctico del conocimiento científico”: entonces, en todos los sentidos, siempre tuvimos innovadora tecnología “de punta”.

Perplejos, nos quedamos los estudiantes ganadores del concurso Misión Cupisnique, al escuchar al Dr. Jacques Pelegrin cuando explicó las implicancias de construir la Industria Lítica hace 12 mil años atrás, elaborar una PUNTA DE PROYECTIL era pura TECNOLOGÍA DE PUNTA.

Para lograrlo pasaba por diversos procesos, desde encontrar la materia prima en las mejores canteras de riolita o cuarcita, trasladar el núcleo hacia el Taller, donde el núcleo era percutado y luego de varias horas de trabajo lograr una singular y famosa Punta de Proyectil “Paijanense”, antes de que se incruste entre la piel y el músculo de algún venado cola blanca u otro ser vivo del que luego íbamos a aprovechar absolutamente todo: desde la carne hasta la piel. Él mencionaba cómo después de años de práctica y esfuerzo consiguió en el Taller Experimental hacer una punta de proyectil capaz de alcanzar el logro ancestral y por supuesto no fue nada fácil (si no, eh ahí un reto). (ver también Chauchat 2006, Prehistoria de la costa norte del Perú).

Simultáneamente, la tecnología y las técnicas siguieron siendo de “punta” en cuanto evolucionaron en otros aspectos que tendría como fruto el gran desarrollo de nuestras ancestrales civilizaciones, desde la textilería hasta la metalurgia, desde la cerámica hasta los puentes colgantes, desde la medicina hasta la ingeniería.

Observar la naturaleza e imitar los procesos para aprender de ella y llegar a ser civilizados fue una sola idea, de ahí que la germinación y obtención del copo de algodón, y la siembra horticultora y el uso del algodón pardo nativo del país fue el “hilo de la madeja” para obtener las preciadas prendas, pasando por inventos como el telar y sus variantes, para lograr hermosos mantos, camisetas, faldellines, tocados, gorros u otros primorosos y útiles objetos que llevaron sobre sus cuerpos para aliviarlos de las temperaturas extremas, lucir bellas combinaciones y estar a la moda y a las que se sumaron otros elementos naturales que luego de la domesticación y la aplicación de genética animal en nuestros camélidos, obtuvieron finísima lana especialmente de la vicuña.

La idea de lo útil y lo bello definitivamente siempre fue una constante como veremos otras en el camino del mundo andino.

La genética vegetal aplicada paralelamente al paso de la horticultura a la agricultura también constituyó tecnología innovadora, el trastocar el carácter venenoso de algunas plantas como la yuca y tornarla comestible es un ejemplo de ello; o el mejorar las características de un teocinte de raíz venenosa en un maíz comestible de granos grandes y deliciosos, realmente es una maravilla; así como la diversidad de plantas que donamos al mundo entero como el frijol, la papa, el tomate, la papaya, el cacao, la lúcuma, la palta, entre tantos otros alimentos. Por supuesto que la ampliación de los valles y la frontera agrícola también fue producto de la original ingeniería hidráulica, cuyo sistema de redes de canales y acequias, como si fuera un sistema circulatorio, mantuvo “vivo” todo el terreno que es irrigado por él, fue un ejemplo tangible que aún visualizamos en diversos lugares del país, especialmente memorable en la costa norte que dio lugar a grandes estados, como el Chimú, con sistemas admirables como el canal intervalles saliendo del río Chicama hacia el valle de Moche, o las reservas de la Pichona, en La Libertad, o el sistema hidráulico del Taymi, y el Racarrumi en Lambayeque.

La vida y la matemáticas están imbricadas ineludiblemente, desde la astronomía, el periplo del sol, los ciclos agrícolas, hasta la exactitud del recodo de un canal hidráulico para que la energía y la potencia del agua pueda ser llevada de un valle a otro y distribuida perfectamente por los valles y extender la frontera agrícola; así como, contabilizar hasta el último grano almacenado y poder dejarlo listo y al servicio de la comunidad en todos los momentos especialmente los aciagos de crisis.

Entonces, la contabilidad ya existía? -me preguntó con peculiar agudeza un estudiante-, pues si! espeté, se desconoce exactamente el momento inicial pero sí quedó registrado en las láminas del cronista Felipe Guamán Poma de Ayala, -que desde ya el significado de su nombre es por demás interesante: “Halcón Puma”, tal vez por las características de esos hermosos seres vivos: agudeza, cálculo, exactitud entre otros aspectos-; en una de las láminas de su obra “La Nueva Corónica i Buen Gobierno” muestra al sabio quipucamayoc con la Yupana (nuestra calculadora andina) y el Quipu (registro minucioso), pues aquí en el mundo andino, la matemática se usó especialmente en tener contabilizado y calculado todo, y la muy importante tarea de “archivar” la historia ancestral para el aprendizaje y beneficio de las siguientes generaciones, y es que el orden natural lleva a que la ciencia esté al servicio de la humanidad y eso se refleja en la cosmovisión andina.

En relación a la metalurgia, los Chimú la tuvieron como uno de sus destacados conocimientos, tan es así que la técnica insondable de la tumbaga es decir el uso de 90 % de cobre y 10 % de oro, logrando aflorar externamente este último noble metal, pareciendo que la joya era oro puro, es simplemente uno de sus sofisticados conocimientos. Es también fabulosa la descripción que se hace de los tesoros que obtuvo Garci Gutierrez de Toledo, en la huaca Yamollochuan indicando que una de las primorosas joyas que vio fue una mariposa de oro pero tan fina y delicada y de maravillosa tecnología que puesta en el aire las alitas de esa prenda se batían al contacto con el céfiro. (Ravines:1980 Chan Chan metrópoli Chimú).

En otros aspectos muy importantes para la organización, los antiguos peruanos construyeron de acuerdo a las características geomorfológicas y topográficas de nuestro territorio, los rumi chaca o puentes de piedra, los huaros u oroyas, y los puentes colgantes dobles, que facilitaban el paso entre abismos, o de una rivera a otra sobre los ríos, ejemplos que podemos ver en el camino de Piura a Ayabaca y a Huancabamba; o, en Arancay y en Carás en la región Ancash (Regal Los puentes del Antiguo Perú).

Y los caminos tan singulares que desde épocas inmemoriales, hicieron para una mejor administración de los recursos de nuestras antiguas civilizaciones cómo los podemos observar adyacente a Chiquitoy viejo en La Libertad o el ancho camino que parte de Las Haldas cerca de Casma en Ancash y que se dirige en un eje este – oeste, trasladando diversos recursos hacia diferentes pisos ecológicos.

Debemos considerar entonces, que la tecnología de punta en nuestro Antiguo Perú tuvo un punto de partida, su filosofía de vida: la COSMOVISIÓN ANDINA, la que permitió organizar, prevenir, progresar y civilizar, esperando sólo ser estudiada, observada, y aplicada en lo que sea necesario en la actualidad, para salvaguardar a sus descendientes: los actuales peruanos y continuar contribuyendo con la humanidad entera.

Escribe: Mg. Florencia Bracamonte Ganoza

[viralhottopics]

Bank CEO Prefers Saving Trees to Running His Empire

These days, the head of Thailands Kasikornbank Pcl spends much of his time saving trees in the remote province of Nan and promoting his romantic novel, rather than running the countrys second-largest lender in Bangkok.

“I have the forest to worry about," Banthoon Lamsam, who as chief executive officer took over 25 years ago from his father, said in a March interview at his teak home, built according to the influence of feng shui and characters from his 600-page book, on nine wooded acres near the Lao border where hes moved his official household registration.

Yet back in Bangkok, its succession at the bank thats cause for concern. Banthoon, 64, wants to retire. None of Banthoons three children wants to take over the bank, and its unclear which, if any, of the three presidents he has appointed will take his place.

“The succession issue can be very problematic given that this is a big bank with no clear plans on who will be the next leader,” said Yupana Wiwattanakantang, associate professor at the National University of Singapores Business School.

What does seem certain is that Kasikornbank will become the next of Thailands lenders to pass from family hands, leaving Bangkok Bank Pcl as the only major family-run bank not to have succumbed to the business pressures of modern finance and disobliging genealogy. Since the 1997 Asian Financial Crisis, many of Southeast Asias family banks have either been merged because of bad debts or sold to international players.

In the interview, Banthoon was sanguine about the prospect of handing over to an outsider, who would become the first non-Lamsam family leader since Kasikornbank was founded as Thai Farmers Bank in 1945.

“It doesnt matter one bit,” said Banthoon, wearing a cowboy hat and giant, angular sunglasses while sitting in a covered patio at his Swiss-chalet house on stilts. “I didnt want to run it. My father ordered me to run it.”

Tightening regulations and a changing industry mean skilled management and finance proficiency are more valued than the family connections of old.

“These days, banks do not only face domestic competitors, but also non-bank companies looking to take on their market share in financial services and payment systems, the likes of Alipay and Facebook,” said NUSs Yupana. “Its pivotal that banks leaders stay very close to the scene.”

Read More: Fintechs Spur Top Thai Bank to Create New Payments Platform

Banthoon gave up a dream to become a medical doctor and ended up finding banking interesting only when he focused on the challenges of management and organizational structure, he said.

“Enjoy? How do you define enjoy?” he said. “I am not very passionate about financial transactions.”

Kasikornbank was founded by Banthoons grandfather at the end of World War II in order to help Thailand, then known as Siam, rebuild its economy. Banthoons main achievement is having steered the bank through the 1997 crisis that wiped out a number of other Southeast Asian family-run banks and reduced the Lamsam familys shareholdings. Their current level is less than 5 percent, spread among various family members.

Known as iconoclastic in his management style, Banthoon brought in foreign consultants, aggressively wrote off bad loans during the crisis, and introduced a performance culture for employees, who now number more than 20,000. Banthoon grew the banks assets from $14 billion to $79 billion as of 2016.

An investor who bought the banks stock 10 years ago would have seen a 236 percent gain through March from the investment, including dividends. That compares with a 197 percent return from the Thai benchmark stock index during the same period.

Banthoon said that despite spending much of his time in Nan, 560 kilometers (350 miles) north of Bangkok, hes still responsible for the banks bottom line, yet leaves the banks day-to-day functioning to his managers. He plans to give up the CEO title when he has full confidence in a successor, he said.

“We are still at a critical juncture of the bank," he said. "I have to make sure its sustainable after I leave, not collapse after I leave."

Back at the bank headquarters, a 40-story glass and steel tower on the Chao Phraya River, there had been four presidents, all veterans with at least 20 years at the lender, handling daily operations. On April 3, one of them, Teeranun Srihong, 51, resigned by mutual agreement. A veteran of almost three decades at Kasikornbank, he had led the banks technology group prior to his departure, which was made public at the annual general meeting.

The remaining three presidents are Predee Daochai, 58, who handles risk management; Kattiya Indaravijaya, 51, who handles finance operations and human resources; and Pipit Aneaknithi, 49, who oversees international banking, including branches and offices in China, Cambodia and Laos.

For now, Banthoon isnt ready to choosenor say whether his successor will necessarily be among the three.

“Its still too early to decide,” Banthoon said, noting that the presidents get paid the same salary and bonuses. “I am still assessing the situation every day. Therere so many elements for a good CEO.”

Succession probably wont change the banks strategy, said Chief Investment Officer Adithep Vanabriksha at the Thai unit of Aberdeen Asset Management Plc, one of the top 20 shareholders in the bank.

“Our view is that succession planning is there, and their practice is to promote from within,” Adithep said in a phone interview. “And we believe in the current management team, rather than one particular executive.”

One difficulty Banthoon has in transferring power is that hes also the banks chairman, a rarity for Thai banks. He assumed the chairmanship in 2013 when his uncle, Banyong, retired. The arrangement for the dual role came with a six-year permit from the Bank of Thailand, on the condition that Kasikornbank has a board of independent directors.

By the end of 2019, he will need to relinquish one of the titles. He will have stepped down down as CEO, though he may remain chairman “for a while,” he said. "I hope its not a long while."

Banthoon has been traveling to Nan province with increasing frequency since 2010, when he purchased a old wooden hotel in the capital city of Nan that he turned into high-end boutique lodging with rooms from about $60 to $100 a night. 

In 2013, he published his novel centering on a fictional local king that Banthoon said reflects his philosophy of life and similar personality, and could have been himself in a former life. A small second house on his property, with a dining area and shrine, is named Residence of Mafai, the fictional kings much-loved consort whom he had executed after realizing she had performed black magic to win the kings love from his eight concubines. Banthoons book jacket and a painting in his hotel both depict a scene from the tale. 

In 2014, he started his campaign to protect the local forest, engaging Princess Maha Chakri Sirindhorn, a sister of the current king, as well as the Thai prime minister, to raise awareness and halt deforestation through better land management.

At his chalet, Banthoon was busy preparing to host 800 attendees at a seminar on the Nan river and its forest. He said he hopes his presence in Nan can halt more encroachment of the forest. Nearly 30 percent, an area slightly larger than the U.S. state of Rhode Island, has been lost as villagers have cut down trees to grow corn for animal feed. Banthoon described the practice as “a very stupid trade-off” that damages the source of Thailands major rivers.

“The challenge is for me to be here before I get too old,” he said.

With assistance from Supunnabul Suwannakij and Sunil Jagtiani.

Read more: https://bloom.bg/2pn4Vw3

from Bank CEO Prefers Saving Trees to Running His Empire

[cerehling]

One neat idea developed by Subhash Kak regarding a particular yupana with rows of 5, 3, 2, and 1 hole to be filled with pebbles:

he argues that assigning e.g. uniform weights to each column, or weights somehow connected to powers of 10 is not a given.

(Uniform weights would mean for example, that filling in all pebbles would give us (left to right) numbers like 5, 3, 2, 1, or any variation of those numbers times the same number for each column.)

He considers what's known about Inca astronomy and numerical system, and proposes the weights to be 1) different for each column, 2) smallest weight given to biggest number of pebbles, and 3) in particular, the use of the weights 1, 6, 24, and 72.

This gives quite neat ways of computing/representing numbers of days, years, and in particular, the synodic periods of various planets.

Yupana, ancient Inca calculators. Small pebbles of different colors or grains of corn were placed in small trays of wood or stone which indicated numerical value. We know that the Inca used them to keep meticulous record of astrological movements, the reigns of kings and to track commerce throughout the empire. One source says that no village of the Inca, no matter how small, lacked yupana.

Using yupanas, the Incas could count into the millions. According to Jesuit records of the Yupana, the calculations were never incorrect. Unfortunately, the exact system of calculating with stones has been forgotten, but many reconstructions have been put forth by eminent mathematicians and archaeologists.

[bangkokjacknews]

Red Bull heirs: The Thai family with 11 billionaires

The 38km leap from the edge of space to the sands of New Mexico was vintage #RedBull. With logos emblazoned across the skydiver's spacesuit, helmet and parachute, the 135kmh freefall played out in 13 minutes of heart-stopping video streamed live on the Internet. It's the kind of stunt that's helped leave 11 surviving family members of reclusive Thai entrepreneur and sometime duck farmer Chaleo Yoovidhya with collective wealth of NZD$31 billion, the world's largest fortune from energy drinks, according to the Bloomberg Billionaires Index. While the relatives live well, "they do not brag about it," said Yupana Wiwattanakantang, associate professor at the National University of Singapore's Business School. Yoovidhya "set the tone being humble and modest." FLYING BULLS The bulk of the fortune sits in Red Bull GmbH, the Austria-based business that owns rights to distribute a carbonated version of Yoovidhya's original recipe, as well as sports and adventure assets that include an airborne stunt team, "The Flying Bulls," four professional football teams, two Formula One race teams and units that organise and promote events such as the space jump four years ago by daredevil Felix Baumgartner. Chaleo Yoovidhya, who died in 2012, established closely held TC Pharmaceutical Industries in 1956 to sell antibiotics. Read the full article

[writerkingdom]

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