Hands-On With the World-Changing $40 Tablet

Aakash2

The Aakash2 is available for $ 40.41 (2,263 rupees), but the government of India will subsidize half the cost for schoolchildren. The tablet is conceived as a tool to help end India‘s rampant illiteracy. Aakash2 will bring school-age children connectivity and unprecidented access to books.

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The Aakash2, the second generation of the monumental, ultra-cheap tablet from Indian manufacturer DataWind, arrived in the U.S. Wednesday, with a welcome at the U.N. Headquarters in New York.

DataWind is hoping to prove to the tech and development communities that the $ 40 Aakash2 is faster than its predecessor, the original Aakash, which was much-criticized for its glacial processor.

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You may be wondering what exactly you can put in a tablet that sells for just $ 40.41. The 7-inch Android-powered device has 512 MB of RAM, a 1 Ghz processor, 4 GB of flash memory, a multi-touch capacitative screen, front-facing camera, an internal microphone and speakers. The Aakash2 includes a USB hub, an adapter cable, a wall charger and a 12-month warranty.

Sunseet Singh Tuli, DataWind’s CEO and the visionary behind the tablet, points out that Aakash2 wasn’t conceived for the same demographic as the iPad. It’s developed out of the requisite “frugal innovation” that guides India and the developing world.

“Frugal innovation isn’t about creating an iPad killer, it’s about creating an iPad for him,” said Tuli, pointing to a presentation slide of a lower-class man who’s primary motivation is to receive an education. “This is not a straight commerce effort — it’s an educational effort.”

Even the tablet’s name — Aakash, which means sky in Hindi — references that it was created to awaken students’ potential. The government of India has committed to subsidize 50% of the cost of the device for students, making it available for roughly $ 20.

According to DataWind, the technological breakthrough of the Aakash2, which is why the device can be made so inexpensively, is twofold. First, much of its memory and processing power is transfered to backend servers. Second, the parallel processing environment speeds the user experience in remote areas and congested networks.

The Aakash2 also eliminates hardware features deemed unnecessary for the target audience, such as bluetooth and the HDMI interface. It uses open source software to cut costs, as well.

“This tablet seeks to empower the world’s neediest and bridges the digital divide within our society,” said Hardeep Singh Puri, India’s permanent representative to the U.N. at the launch event. “To us, Aakash2 is the epitome of such high end innovation and excellence.”

The Aakash to was designed and developed in Canada, though it was conceived, assembled and programmed in India. DataWind and the Indian government have received criticism because the process is not entirely domestic, though both said they are committed to moving more of the production process to India when cost allows.

The Indian government has committed to equipping all 220 million students in the country with low-cost computing devices and Internet access over the next five years. To put that number in perspective, just 250,000 tablets were sold in India in 2011. It will cost $ 1.6 billion per year at the rate of equipping 40 million students for each of the next five years. The national government has committed to covering half the cost — $ 800 million per year — and will count on state governments and institutions to cover the remaining 50% of costs. Though it sounds like a daunting figure, $ 800 million is only 5% of India’s annual education budget.

“More and more schools in some of the most impoverished areas are using technology, text messaging and mobile applications to enhance the quality of education and open new doors,” said U.N. Secretary General Ban Ki-moon on Wednesday. “Our challenge is to leverage the power of technology and bridge the digital divide.”

During Wednesday’s event at the U.N., Tuli presented Ki-moon with an Aakash2 tablet for each of the U.N. ambassadors.

Not surprisingly, other countries throughout the developing world have noticed the Aakash tablet’s potential. Thailand, Turkey, Sri Lanka, Bolivia, Honduras, Nicaragua, Brazil and Panama have all expressed interest in bringing the low-cost tablet to their students.

“The next arms race is to equip our children with knowledge and information,” Tuli said.

If you’re wondering when you can get your hands on an Aakash2 in the U.S., DataWind plans to begin selling the device in the U.S. in early 2013.

Do you think this low-cost tablet has the power to bridge the digital divide and combat illiteracy? Let us know in the comments.

This story originally published on Mashable here.

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Val Chmerkovskiy on 'Dancing with the Stars' Season 15

Now that Dancing with the Stars is over, professional dancer Val Chmerkovskiy is revealing his retrospective thoughts on his third season on the show, which concluded in a third-place ending for him and actress Kelly Monaco. Chmerkovskiy developed a tight relationship with Monaco over the season, but admits that he had his sights on another partner in the beginning.

Chmerkovskiy originally joined his brother Maks on the celebrity dancing show as a pro dancer for Season 13, eventually placing eleventh with Italian actress Elisabetta Canalis. After placing tenth with Sherri Shepherd the following season, he became discouraged and secretly aspired to be paired with one of the All-Stars season's least capable dancers.

PIC: Val Chmerkovskiy Checks In To 'General Hospital!'

"Going into the season, I had very different views and my imagination was taking me in a different way. My expectations were very, very different," the 26-year-old Latin dance specialist said. "I was really happy to the idea of Bristol Palin, only because I was so discouraged with my last two seasons."

The Ukraine native then explained that he was daunted by the show's first All-Stars season, which was packed with six former Mirrorball Trophy winners, and if he were to lose with a less capable dancer like Palin, the responsibility for be eliminated would lie with his partner and not him.

Palin eventually finished in ninth place with Mark Ballas after four weeks of dwelling at the bottom of the leader board. While finishing ninth would have been a slight improvement for Chmerkovskiy, he instead made a drastic leap and danced with Monaco to his first finals.

RELATED: Maksim Chmerkovskiy Quitting 'DWTS'

While fan voters typically vote for the show's celebrities, Val's skin-flashing performances, including stripping down to a Speedo in the pair's "surfer flamenco," may have carried the two throughout the weeks despite scores that generally hovered around the middle of the leader board.

Although the show is now over, Chmerkovskiy will be putting his half-naked body on display once again in an upcoming guest role on General Hospital, on which Monaco has starred since 2003 and acted in over a thousand episodes. While he's been criticized for continually taking his shirt off on TV, Chmerkovskiy claims it's not his idea to do so.

"I'm getting all the [flak] for it like it's my idea. They told me specifically, 'Show up [with] no shirt; you're coming out of a gym,'" he said. "I'm just doing what people ask. I'm giving the people what they want."

VIDEO: Melissa and Tony Ecstatic after Winning 'DWTS'

Chmerkovskiy will appear on General Hospital's December 10th episode, airing at 2 p.m. ET/ 1 p.m. PT on ABC.

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WATCH: girl suffers 'painful' dolphin bite at SeaWorld

ATLANTA — An 8-year-old Georgia girl says it "really, really hurt" when a dolphin snatched her hand in its mouth while she fed the animal as part of an attraction at SeaWorld in Orlando, Fla.

But Jillian Thomas of Alpharetta says was concerned that the dolphin didn't get sick from eating the paper carton she held. In an interview on ABC's Good Morning America Monday, Jillian said she prayed for the dolphin after the attack.

Jillian suffered three puncture wounds to her hand. Her father Jamie, who was with her at the theme park when the dolphin lunged from its pool Nov. 21, described his reaction this way: "Instant fear."

SeaWorld officials said in a statement that the safety of their guests is paramount, and that they are taking the situation seriously.

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The business behind the artist: Miami’s art gallery scene still evolving

This week, thousands of art collectors, museum trustees, artists, journalists and hipsters from around the globe will arrive for the phenomenon known as Art Basel Miami Beach. The centerpiece of the week: works shown at the convention center by more than 260 of the world’s top galleries.

Only two of those are from Miami.

While Art Basel has helped transform the city’s reputation from beach-and-party scene to arts destination in the years since its 2002 Miami Beach debut, the region’s gallery identity is still coming into its own.

“Certainly Miami as an art town registers mightily because of the foundations, the collectors who have done an extraordinary job,” said Linda Blumberg, executive director of the Art Dealers Association of America. “I think there’s a definite international awareness there. But the gallery scene probably has a bit of a ways to go. That doesn’t mean it’s not really fascinating and interesting.”

The gallery business, especially where newer artists are concerned, is a game of risk, faith and passion. Once a gallery takes on an artist who shows promise, they become an evangelist on their behalf, showing their work in-house and at fairs, presenting it to museums and curators and potential collectors and bearing the cost of that promotion.

For contemporary artists, most galleries take work on consignment, meaning they get a cut of as much as 50 percent when works sell. While local art galleries have been growing in number and popularity in the last several years — just try to find parking during the monthly art walk in Miami’s hot Wynwood neighborhood — even some of the area’s top art dealers say that while business overall is good, they struggle in the local marketplace.

“Our problem is that we have to do lots of art fairs in order to connect with the market that we need to connect with to sell the work that we have,” said Fredric Snitzer, a Miami-Dade gallery owner for 35 years. “The better the work is, the harder it is to sell in Miami. And that ain’t good.”

A handful of serious collectors call Miami home and store their own collections in Miami, including the Braman, Rubell, Margulies and de la Cruz families. But outside a relatively small local group, many gallerists say, their clients come from other parts of the country and world.

And some gallerists point out the troubling reality that even the powerhouse Galerie Emmanuel Perrotin could not stay open in Miami for more than a few years.

“The fact that big galleries have not been able to sustain their business models in South Florida tells you we’re obviously not at this high established point,” said gallery owner David Castillo. “It’s not like we’ve arrived, let’s sit back and watch Hauser & Wirth open down the street.”

Still, Miami’s gallery business has come a long way since the early 1970s, when a few dealers on Bay Harbor Island’s Kane Concourse were selling high-end pieces but the local scene was hardly embraced.

Virginia Miller, who owns ArtSpace/Virginia Miller Galleries in Coral Gables, first opened in 1974 to showcase Florida artists, though her focus soon added an international scope. She and other longtime observers credit several factors for Miami’s transformation, including the community’s diversity, the establishment of important museums, the Art Miami fair that started 23 years ago, the presence of major collections and, of course, Art Basel Miami Beach.

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Wrong turn, then shock and horror at MIA

What began as a day of prayer and fellowship turned into a surreal scene of stunned, bloodied passengers and twisted metal.

There was the sickening sound of crunching metal early Saturday as a busload of Jehovah’s Witnesses was low-bridged by a concrete overpass at Miami International Airport, peeling back the top of the vehicle “like a can of sardines.”

Airport workers running to the scene found shocked passengers thrown into the aisle or trapped in their seats by the wreckage.

Riders in the front rows were crushed — two of them killed, others seriously injured.

The driver of the bus, 47-year-old Ramon Ferreiro, took a wrong turn off LeJeune Road, entering the airport by mistake, then rolled past multiple yellow signs warning tall vehicles. He drove on, approaching an overpass whose sign said “8ft-6in”. The driver either didn’t see it, couldn’t read it, or realized it too late.

The bus stood 11 feet tall.

“The last thing he should have done is to keep going,” said Greg Chin, airport spokesman. “That goes against all logic.”

Ferreiro, whose driver’s seat was lower than those of the passengers, was not injured.

One passenger, 86-year-old Miami resident Serfin Castillo, was killed on impact, and all 31 others were taken by ambulance to local hospitals. Thirteen ended up at Jackson Memorial’s Ryder Trauma Center, where one of them, 56-year-old Francisco Urana of Miami, died shortly after arriving.

Three remained in critical condition Saturday night, and three had been released.

Luis Jimenez, 72, got a few stitches on his lip and hurt his hand. He said the group left the Sweetwater Kingdom Hall about 7 a.m., bound for West Palm Beach.

“I was sitting in the back when it happened,” Jimenez said. “We were on our way to an assembly and lost a brother today. I’m very sad.”

Delvis Lazo, 15, a neighbor and member of the same congregation, described Castillo as a “nice, old man.” He often saw Castillo at religious gatherings, and their families have known each other for more than 15 years.

The last time Lazo saw him was about two months ago, as he prepped for a talk before his congregation.

“He gave me a thumbs up, told me that everything was going to be all right,” he said.

The bus, one of three traveling to the Spanish-language general assembly on Saturday, had been contracted by the congregation, which has fewer than 150 members.

According to public records, the bus belongs to Miami Bus Service Corporation, a Miami company owned by Mayling and Alberto Hernandez that offers regularly scheduled service between South Florida and Gainesville, often used by University of Florida students. At the home address listed for the company and the owners, Mayling Hernandez told The Miami Herald that passenger safety is her primary concern.

“At this time I’m worried about the driver and the families of the victims. I’m praying for them,” she said. “My job is to worry about the safety of the passengers who are our clients. What we do requires a lot of responsibility. I didn’t know the passengers but that doesn’t mean I’m not suffering.”

Neighbor Armando Bacigalupi described the owners as “caring people” and said he had seen buses park briefly in front of the house.

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Bachelorette Ashley Hebert and JP Rosenbaum are Married

Ashley Hebert is a bachelorette no more!

The 28-year-old dentist and her construction manager fiancé J.P. Rosenbaum, 35, walked down the aisle on Saturday in Pasadena, California, reports People Magazine.

The ceremony, officiated by Bachelor and Bachelorette host Chris Harrison, was attended by familiar faces from the series including Ali Fedotowsky, Emily Maynard, and Jason and Molly Mesnick.

Video: 'Bachelorette' Ashley Hebert and Fiance J.P.'s Passionate PDA

Ashley and J.P.'s exchanging of vows will be televised December 16 on a two-hour special on ABC.

The season seven sweeties will be the second Bachelorette couple ever to televise their walk down the aisle, following in the footsteps of Trista and Ryan Sutter, who married in December 2003.

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Staten Island man in police custody after wife beaten to death

A Staten Island man was taken into custody after his wife was brutally beaten to death, police said.

It was not immediately clear what led to the fatal beating in the family's home on Beechwood Place around 2:25 a.m. this morning, police said.

Cops found 42-year-old Jodi Surinaga unconscious and unresponsive after one of the couple's two children inside the home called 911, sources said.

The mother suffered blunt force trauma to the head, according to police. EMS pronounced the victim dead at the scene.

Investigators did not immediately say whether the children witnessed the horrific crime.

Cops took the victim's 45-year-old husband into custody.

kconley@nypost.com

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Boat Show may block Miami’s 2016 Super Bowl bid

This winter, the biggest NFL match-up in South Florida might be Super Bowl versus Boat Show.

As South Florida readies a bid for the 2016 Super Bowl, it must contend with a major potential conflict on the tourism calendar. The National Football League may move the Super Bowl to Presidents’ Day weekend, already home to the five-day Miami International Boat Show since the 1940s.

It’s a significant enough conflict that, in the past, local tourism officials have declined to pursue a Super Bowl if it fell on boat show weekend. But this time around they may have no choice. For the first time, the NFL is requiring that potential host cities agree to a Presidents’ Day weekend Super Bowl if they want to pursue the big game at all, said two people who have seen the NFL request for Super Bowl bids.

The NFL “invited South Florida [to bid] knowing there was going to be an issue with Presidents’ Day weekend and the boat show,” said Nicki Grossman, Broward’s tourism director. “In the past, South Florida has not responded to a Super Bowl date that included Presidents’ Day weekend. This package is different.”

South Florida vies with New Orleans as the top Super Bowl host, with government and tourism leaders touting the game as both a boon to the economy and a publicity bonanza. But the notion of accommodating both Super Bowl and boat show — not to mention a major arts festival in Coconut Grove — strikes some top tourism officials as a bad idea.

“There is not sufficient hotel inventory available in Miami that weekend to host a Super Bowl,” said William Talbert, president of the Greater Miami Convention and Visitors Bureau. “We have taken a close look at that weekend, and it’s not physically possible in Miami to host Super Bowl during the Presidents’ Day weekend because of the boat show and the Coconut Grove Arts Festival. The hotel inventory is all being used for these two great events.”

His comments are at odds with the region’s top Super Bowl organizer and reflect the burden that the boat show may be to South Florida’s Super Bowl hopes for 2016 and 2017. The NFL invited Miami and San Francisco to bid for the 2016 Super Bowl by April 1, with the loser vying with Houston for the 2017 game. Talbert said the bid package states both decisions will be made in May.

For now, South Florida’s Super Bowl organizers face a largely hypothetical challenge, because the current NFL schedule has the Super Bowl occurring two weeks before Presidents’ Day weekend. The bid requirements for the ’16 and ’17 Super Bowls include three consecutive weekends as possibilities for the game, with the latest falling on the Presidents’ Day holiday.

Still, possible logistical hurdles may combine with political obstacles if the Miami Dolphins resume their push for a tax-funded renovation of Sun Life Stadium, the Super Bowl’s South Florida home.

Last year, the Dolphins proposed that Broward and Miami-Dade counties subsidize a $225 million renovation at Sun Life as a way to keep the region competitive for Super Bowls and other large events. The renovation includes a partial roof that would prevent the kind of drenching Super Bowl spectators suffered in 2007 when a rare February downpour hit Miami Gardens.

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Several injured, one possibly dead after tour bus hits overpass at airport

Several people have been injured and one may be dead after the top of a double-decker tour bus entering Miami International Airport hit an overpass at the airport's arrivals entrance.

There were 30 to 35 people on board and some suffered "major injuries," said Greg Chin, a spokesman for the aviation department.

This article will be updated with more information.

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EBay’s double tax base prompts calls for investigation

LONDON (Reuters) – Britain and Germany may have missed out on a combined $ 1 billion in sales tax since online marketplace eBay picked a tiny Luxembourg office as its base for EU sales, a shift that lawmakers say should now be investigated.

EBay’s nomination of Luxembourg unit eBay Europe Sarl – with a staff of nine – as its provider of services to EU clients allows it to charge customers in Europe a low rate of sales tax, often known as Value Added Tax, helping it to compete against rivals.

However, the unit doesn’t actually receive the money from sales. Instead, eBay said it continues to channel revenues through a Berne-based unit, allowing the company also to benefit from what Swiss tax lawyers say is the most competitive corporate income tax regime in Europe.

EU rules allow companies to establish subsidiaries in Luxembourg and levy VAT at Luxembourg’s low VAT rate on sales to customers across the bloc.

However, the rules also allow individual EU taxmen to challenge any claim to Luxembourg residence, and the right to charge Luxembourg VAT, in their domestic courts, if the taxman feels a Luxembourg-based subsidiary does not have sufficient staff or assets to support its claim to be the true supplier of goods or services.

Tax experts say eBay’s arrangement, which appears to give eBay the best of both income and sales tax worlds, could be open to challenge, and lawmakers in the UK and Germany want their taxmen to investigate.

“I hope that HMRC (UK tax authority Her Majesty’s Revenue and Customs) takes note … and takes prompt action,” said Margaret Hodge, member of parliament and chairman of the Public Accounts Committee (PAC), which monitors government finances.

“I will be seeking assurance that they are, next time we take evidence from HMRC,” she added. Officials from HMRC are due to testify to the PAC in early December as part of the committee’s investigation into tax matters.

Sven Giegold, member of the European Parliament for Germany’s Green Party, said he wanted the German tax authorities to “have a very critical look at this”.

It is common for companies to seek to reduce their tax bills, and a number of multinationals have established bases in Luxembourg so they can charge customers lower levels of VAT.

EBay said HMRC was aware of all its tax arrangements and that it was confident it met all its tax liabilities in the UK and elsewhere.

“In all countries and at all times, eBay is fully compliant with national, EU and international tax rules (including the OECD) including the remittance of VAT to the appropriate authorities,” an eBay spokesman said in an emailed statement.

The UK, German, French and Luxembourg tax authorities declined to comment on eBay, citing rules on taxpayer confidentiality.

LOWER THRESHOLD

Big companies’ tax practices have risen to the top of the political agenda in Europe in the past year, with lawmakers growing increasingly frustrated with the way in which companies such as search engine company Google pay almost no income tax in countries where they have billions of dollars in sales.

The companies escape liability for income taxes in countries like the UK by arguing the value created by their business, and therefore the location where the profit should be realized, is not the place where the customer resides, but rather in the location where the intellectual property underpinning the product or service is based.

Chas Roy-Chowdhury, head of taxation at the Association of Chartered Certified Accountants, said this was a valid economic argument and that if, for example, HMRC wants to claim more income tax from Google, it has to prove the company is generating more value in the UK than it is declaring.

This would require a thorough deconstruction of its business model and supply chain.

However, it is easier to establish liability to VAT, since this tax hinges simply on the location of the buyer and seller.

“The threshold is lower,” said Simon Newark, head of VAT at accountants UHY Hacker.

“There are a lot more aspects for HMRC to challenge in VAT than in direct (income) tax.”

For tax purposes, the EU deems eBay’s online platform an “electronically supplied service”, a category that also covers e-Books and music downloads.

Under EU rules, suppliers of such services based within the bloc are supposed to charge EU customers VAT at the rate prevailing in the country where the supplier is based.

A number of suppliers of electronic services, including Amazon.Com Inc and Apple Inc’s iTunes have established European headquarters in Luxembourg to enable them to charge customers lower VAT rates than prevail in their customers’ countries.

Luxembourg has traditionally charged the lowest standard VAT rates in the European Union. Its 15 percent rate compares with rates of 19-25 percent in most other EU members.

By charging customers VAT at Luxembourg’s rate eBay is better able to compete with rivals based elsewhere in the EU, such as Britain’s eBid, which must charge customers VAT at the standard UK rate of 20 percent.

However, to be entitled to charge Luxembourg rates, a company has to be able to prove in British, German or EU courts that it is genuinely based in the Grand Duchy.

Companies selling to EU customers from outside the EU – as eBay was until the 2007 nomination of eBay Europe Sarl as supplier to EU clients – must charge European customers VAT at the rate prevailing in the country where the customer resides, and to pay that VAT to the taxman in the customer’s country.

There is no definitive checklist that determines the true base of a company and any decision by a national court can be challenged in the European Court of Justice. In the UK, HMRC said it approached the matter on a case-by-case basis, and disputes are often resolved in court.

“HMRC will challenge any arrangements where it is claimed that supplies are made from a particular country but the business does not have the necessary resources to make those supplies,” a spokesman said.

EUROPE EXPANSION

EBay, which is headquartered in San Jose, California, moved into Europe in 1999 when it established eBay International in Berne. Switzerland’s low income tax regime for foreign companies was highly beneficial for the auction site. “We do have a very favorable international tax structure,” then-Chief Financial Officer Rajiv Dutta told analysts in 2002 when asked how the company managed to pay such low taxes on its non-U.S. income.

The Swiss base also meant, initially, that the company didn’t have to charge EU customers VAT. But in 2003, Brussels changed the rules, which forced eBay to charge EU sellers on its platform VAT based on their residence. The VAT gathered was remitted to the tax authority in the customer’s country.

Not all customers are charged VAT. Most medium-sized and big businesses are legitimately exempted from paying VAT on some purchases, such as eBay seller fees.

EBay’s Swiss-based European public relations head declined to say what portion of its EU customers were liable to be charged VAT. James Cordwell, equities analyst at Atlantic Equities, estimated that such customers accounted for 40-50 percent of sales in Europe.

Since the 2007 creation of its Luxembourg operation, eBay has had German fee revenues of $ 6.1 billion and UK revenues of $ 5 billion, its annual accounts show.

If the services were supplied from Switzerland or another non-EU country, and assuming only half of customers should have been charged VAT, EU rules would have obliged eBay to collect $ 580 million in VAT for the German taxman and $ 500 million in VAT for HMRC since 2007.

EBay’s entitlement to charge Luxembourg VAT on sales and to pay this to the Luxembourg taxman rests on being able to prove in court that eBay Europe Sarl is the provider of services to EU clients.

But despite German and UK fee income of $ 3.1 billion last year, eBay Europe Sarl recorded turnover of only 5 million euros in 2011.

John Hemming, an MP with the Liberal Democrats, the junior partner in the British coalition government, said the fact eBay’s sales revenues did not go through the Luxembourg unit undermined the claim that it was the true provider of services to EU clients.

“If it’s a real transaction, you would expect the money to pass with it, and not pass someplace else,” he said.

Rather than going to Luxembourg, the money generated from customers continues to go to Berne-based eBay International AG, a spokeswoman said.

When Reuters visited in mid November, staff at the Luxembourg office, just opposite the central post office, declined to discuss what operations the unit conducted for eBay.

A spokesman later said the office conducted activities including billing, data privacy, contracting, regulatory, management and some customer services operations.

By contrast, Amazon and iTunes do report their sales of ebooks and music downloads to EU customers through their Luxembourg units.

Prem Sikka, professor of accounting at Essex University, along with Newark and Roy-Chowdhury said a cash trail through a unit was one of the key factors used as evidence that the unit was the true supplier of a service.

UK and German tax authorities could argue that the shift in eBay’s supply base to Luxembourg from Berne was therefore not genuine. If successful, they could claim back the VAT lost.

EBay declined to say why it channeled sales through Switzerland. Tax advisors say the country can still offer some companies lower tax rates than other European low-tax jurisdictions such as Ireland and Luxembourg.

Indeed, EBay’s closest rival Amazon, which channels about half its non-U.S. earnings through Luxembourg, reported average income tax on overseas earnings of 6 percent in the past four years. EBay paid just 3 percent over the same period.

(Additional reporting by Brenda Goh; Editing by Will Waterman)

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