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With continuous efforts to optimize capital and asset base, Fosun’s short-term liquidity pressure has been greatly eased and its credit rating outlook has been raised by an international rating agency HONG KONG SAR – Media OutReach – 30 May 2023 – International rating agency S&P Global Ratings issued a report, raising Fosun International Limited’s (HKEX stock code: 00656, “Fosun International”) rating outlook to stable. S&P Global Ratings […]

Enabling Retail SMEs to Seize Market Recovery Opportunities with Flexible Funding HONG KONG SAR – Media OutReach – 30 May 2023 – Ping An OneConnect Bank (Hong Kong) Limited (“Ping An OneConnect Bank” or “PAOB”), the first virtual bank in Hong Kong dedicated to SMEs, announced an expanded collaboration with eftPay (Asia) Limited (“eftPay”), Hong Kong’s leading electronic payment service provider. Leverage their competitive advantages, PAOB is […]

Vision Carbon by CityU Won Gold Medal with its Blockchain-based Carbon Trading Platform HONG KONG SAR – Media OutReach – 29 May 2023 – Hosted by the City University of Hong Kong (CityU) and supported by HSBC, the FinTech Olympiad (FTOL) 2023 competition convening 94 teams across 18 universities from cities in the Greater Bay Area (GBA) was concluded with an award ceremony on 27 May. In […]

HONG KONG SAR – Media OutReach – 29 May 2023 – Hong Kong Life announces the sponsorship of a local movie, “Everyphone Everywhere” (“the movie”). The movie is directed by Amos WHY, the director of the movie “Far Far Away”, which won a lot of praise last year. The movie was also screened at the 25th Far East Film Festival in Udine, Italy. The production team acts […]

By James M Dorsey Religious conservatives and nationalists in the Muslim world and beyond have the wind in their sails. So do Arab autocrats, even if they increasingly cloak themselves in nationalism rather than religious conservatism. Last week’s first election round in Turkey saw conservatives and ultra-nationalists win control of parliament. At the same time, […]

The post Culture Wars Bubble Below The Surface Across Arab Region first appeared on IPA Newspack.

Artificial intelligence trading technology turns to commercialization HONG KONG SAR – Media OutReach – 24 May 2023 – International Genius Company (“IGC” or the “Company”, together with its subsidiaries, the “Group”; stock code: 0033.HK), a Hong Kong based financial institution, is pleased to announce that, through its wholly-owned subsidiary, entered into a strategic cooperative framework agreement with a well-known Mainland financial institution, Datang Wealth Management Co., Ltd. […]

By Satyaki Chakraborty Greece is heading for another general elections next month, possibly on June 25 as the ruling National Democracy Party refused to form a government with the other contending parties and pitched for holding another general election to allow the party with the largest seats to get majority and run the new administration […]

The post Greece Heads For Second National Elections As Coalition Talks Fail first appeared on IPA Newspack.

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KUALA LUMPUR, MALAYSIA – Media OutReach – 26 May 2023 – BNM’s decision to raise the interest rate was an attempt to stabilise the Malaysian ringgit. The OctaFX experts believe that along with the weak exchange rate, the widespread subsidisation of Malaysians increased pro-inflation risks, forcing the BNM to raise the rate. Bank Negara Malaysia’s (BNM) Monetary Policy Committee raised the overnight policy rate (OPR) by 25 […]

By Dr. Gyan Pathak Opposition politics in India is changing fast, especially after the remarkable performance of the Congress in Karnataka assembly polls. The party was able to throw BJP out of power in the state due to a paradigm shift in the minority, OBC, ST, and SC votes towards the party, which has served […]

The post Opposition Politics In India Changing Fast In Next Few Months first appeared on IPA Newspack.

LEIPZIG, Germany,25th May, 2023 (WAM) – The Multilateral Development Banks Road Safety Working Group

SINGAPORE – Media OutReach – 25 May 2023 – BingX, one of the leading crypto exchanges, is proud to recap their presence at The Bitcoin 2023 conference that was held this past week in Miami. The conference itself featured unique activations, attendee experiences and an agenda of builders, politicians, business leaders and more of the most influential people in the world sharing their insight into this technological, […]

Defending his ‘Pagla Modi’ comment, Congress leader Adhir Ranjan Chowdhury issued a clarification and said that he was just saying what the “sentiments” of public is and was just conveying how the people are reacting to PM’s decision of withdrawing Rs 2000 notes. While addressing a press conference on the issue of Rs 2000 notes, […]

The post Adhir Ranjan defends ‘Pagla Modi’ remark over Rs 2K note first appeared on IPA Newspack.

The inauguration event of new Parliament building has snowballed into a controversy after 19 Opposition parties announced to boycott the ceremony and accused the Central government of ignoring President Droupadi Murmu by not inviting her to the function on May 28 in Delhi. The ruling BJP-led National Democratic Alliance (NDA) has condemned the boycott decision […]

The post NDA slams Opposition boycott of New Parliament opening first appeared on IPA Newspack.

Proposed final dividend of HK$0.87 cents per share HONG KONG SAR – Media OutReach – 24 May 2023 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2023 (“FY2023”), the Group recorded revenue of approximately HK$165.8 million and profit attributable to […]

By K Raveendran The abrupt announcement by RBI, withdrawing all Rs 2,000 notes from circulation, seems to have much more than what meets the eye. Going by the explanations provided so far, it is increasingly clear that there is plenty of room for the regulator to be more forthcoming on the decision. The RBI is […]

The post RBI Needs To Be More Forthcoming On Withdrawal Of Rs 2000 Notes first appeared on IPA Newspack.

By Dr. Gyan Pathak India is at a cross-road. The country needs to ensure the administration to be more sensitive and humane for which women’s spectacular success in UPSC is a good signal. The UPSC results show women at the top 4 ranks, while they grabbed 6 in top 10, and 14 in top 25 […]

The post Women’s Spectacular Success In UPSC Exam A Good Signal For India first appeared on IPA Newspack.

XSGD is the first Southeast Asian fiat-backed stablecoin to launch on Hedera’s carbon negative network SINGAPORE – Media OutReach – 24 May 2023 – StraitsX, the Southeast Asia-based digital asset payment infrastructure, announced support for the StraitsX Singapore Dollar (XSGD) on the Hedera network. Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 7 billion XSGD in on-chain transactions, making it one of […]

Joint Advisory On Fake Online Job Scams Impersonating Shopee SINGAPORE – Media OutReach – 24 May 2023 – The Police would like to alert members of the public to a job scam variant, where scammers are impersonating Shopee employees, or employees of known companies to recruit victims. Since March 2023, at least 46 victims have fallen prey, with losses amounting to at least $753,000. In this variant, […]

By Kalyani Shankar Dame Luck smiles at every Party at a particular moment. The 137-year Grand Old Congress Party, which has seen many ups and downs, is no exception. Winning a prosperous and significant Karnataka recently gave Congress that golden moment. If Congress wants to revive itself, it can’t sit on the laurels of recent […]

The post Congress Can Take Lessons From Indira’s Chikmagaluru Victory To Succeed In 2024 Polls first appeared on IPA Newspack.

By Anjan Roy The global financial circles are agog with speculation about the prospects of the US government defaulting on its payments. This is because the two major parties in America have so far failed to agree on raising the ceiling of US government borrowing. This is currently at $25 trillion. The Biden  government has […]

The post US Debt Default May Be Unlikely But India Has To Be Ready With Precautions first appeared on IPA Newspack.

Amid questioning of senior NCP leader Jayant Patil by the Enforcement Directorate in Mumbai, party chief Sharad Pawar on Monday hinted that the action against some leaders could be the fallout of their refusal to meet “expectations” of the ruling dispensation. Pawar said they will suffer but will never deviate from the path they have […]

The post Pawar says ED raids due to disappointment with NCP first appeared on IPA Newspack.

By Nantoo Banerjee The government and the Reserve Bank may disagree, but the way the country’s trade deficits and external debt are rising it may be a matter of time before India goes for another IMF-World Bank bail out. The current indicators on the two counts are hardly comfortable. Take the debt position first. The […]

The post India’s Growing Trade Deficit And Debt Burden Are A Matter Of Concern first appeared on IPA Newspack.

By Satyaki Chakraborty Greece Prime Minister Kyriakos Mitsotakis won the national elections in Greece on Sunday comfortably after his New Democracy Party secured 40.79 per cent votes with 146 seats in the new Parliament consisting of 300 seats. The PM who played a role in the economic recovery of Greece in the last two years, […]

The post Ruling New Democracy Party Comfortably Placed To Form Govt In Greece After Elections first appeared on IPA Newspack.

HONG KONG SAR – Media OutReach – 17 May 2023 – The launch of ChatGPT has led to a surge in the adoption of Generative AI in business applications, with many businesses leveraging Open AI’s state-of-the-art language model to enhance their customer service, sales, and marketing strategies. SleekFlow, the SaaS omnichannel social commerce platform backed by Tiger Global, has announced the successful development of SleekFlow AI, a […]

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