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PHNOM PENH, CAMBODIA – Media OutReach – 23 March 2023 – Prince Holding Group (PHG) recently welcomed three distinguished CEOs to its Swiss watchmaking vocational training center, Prince Horology. The delegation comprised of Mr. Anthony Galliano of Cambodia Investment Management, Mr. Mathew Care of Australia’s Digital Classifieds Group, and Mr. Tom O’Sullivan of realestate.com.kh. The delegation had the chance to tour the classrooms and engage with the […]

RIYADH: The World Bank has announced that it has approved a $7 billion financing program for Egypt that extends from 2023 until 2027, according to a statement. The partnership framework is done in

By K Raveendran Post-1947, life in jail during independence struggle was considered a decoration for any politician or even common citizen. After Indira Gandhi’s Emergency, it was a jail term during the dark days that recognized one’s political mettle. During Modi’s era, the attribute of a good opposition politician is a raid by Enforcement Directorate […]

The post Choksi Challenges The Might Of Indian Nation To Get Himself Struck Off Red List first appeared on IPA Newspack.

SINGAPORE – Media OutReach – 22 March 2023 – OneHypernet, a money transfer network that connects financial institutions for foreign exchange (FX) payments, has announced that small and medium-sized enterprises (SMEs) can now access wholesale FX rates for their money transfers / remittances. In addition, SMEs receive cashback on their transactions. OneHypernet offers price matching via WhatsApp, ensuring that SMEs get the best possible rates. SMEs are […]

Champion – Overall Equities Participating Organisation KUALA LUMPUR, MALAYSIA – Media OutReach – 21 March 2023 – Kenanga Investment Bank Berhad (“Kenanga Group” or “The Group“) is proud to announce that it has once again been recognised for its exceptional achievements in the equity broking and listed derivatives space at the recent prestigious Bursa Excellence Awards 2022. The Group received multiple accolades including: Best Overall Equities Participating […]

The name of fugitive diamantaire Mehul Choksi wanted in a Rs 13,000-crore scam in the Punjab National Bank is understood to have been removed from the Interpol database of Red Notices on the basis of his plea to the Lyon-headquartered agency, people in the know of the development said. The Central Bureau of Investigation (CBI) […]

The post Mehul Choksi appeal helps him get off Interpol red list first appeared on IPA Newspack.

By Nantoo Banerjee Notwithstanding Congress leader Rahul Gandhi’s repeated statements during his recent tour in the UK saying that Indian democracy is under threat, the growing trend of elected political authoritarianism poses a big challenge to the system. The trend is also being witnessed in many other democracies outside the developed world. India would have […]

The post Corrupt, Poorly Educated Ministers Put India’s Democracy In Danger first appeared on IPA Newspack.

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By Anjan Roy US policy-makers quick move to rescue the beleaguered Silicon Valley Bank is an object lesson in what can be described as “real economics” in parallel to real-politic. Real-politic is the art of playing politics in realistic manner. Real economics is similarly handling of economic issue realistically. We have of course seen some […]

The post US Policy Makers Acted Fast In Averting Contagion Effect Of SVB Collapse first appeared on IPA Newspack.

By K Raveendran Gold is within striking distance of $2,000 per ounce in the international market and seems set to revisit its historical high, which was $2067 in August 2020.  The latest price is around $1962 and is showing no signs of any immediate correction. In India, the precious metal has already touched a lifetime […]

The post Gold Near $2,000 And Fast Approaching Its Life-Time High Amid US, Swiss Banking Crisis first appeared on IPA Newspack.

By James M Dorsey Chinese mediation between Saudi Arabia and Iran potentially signals paradigm shifts in Middle Eastern diplomacy and alliances. The mediation suggests a more productive approach than that of the United States by seeking to manage rather than resolve conflicts based on principles enunciated by China in 2021. The successful mediation between the […]

The post Saudi, Iran Détente Sparks Potential Paradigm Shifts In Middle East Politics first appeared on IPA Newspack.

RIYADH: Banks in the Gulf Cooperation Council region are strongly interlinked with their respective sovereigns and are unexposed to recently failed US banks, stated the global credit rating agency

HONG KONG SAR – Media OutReach – 16 March 2023 – Eddid Financial delightedly announced that its intelligent flagship trading App, Eddid ONE, was systematically upgraded and now debuts with a unique new look. Today, the Group hosted the “New Eddid ONE Release and Group Development Strategy Sharing Session” at The Murray Hotel in Central, inviting industry peers and media fellows to witness the official launch of […]

By Arun Kumar India’s per capita income, representing the average income of an Indian citizen, has risen from INR 79,000 in 2013–14 to INR 1,71,000 in 2022–23 — an increase of 116 percent. Therefore, some claim that incomes have more than doubled in India since the present ruling dispensation took office. The catch is that: […]

The post Indian Economy Is Showing Rising National Income With Decline In Social Welfare Of People first appeared on IPA Newspack.

Bybit’s spot market volume for USDC grows by 1,437% Bybit becomes No.2 crypto exchange in MENA DUBAI, UNITED ARAB EMIRATES – Media OutReach – 17 March 2023 – Bybit reports a surge in volume for USDC pairs as the world’s third most visited crypto exchange ramps up efforts to meet market demands. Relying on trusted platforms to navigate the recent crypto and banking volatility, customers are turning […]

By Arun Srivastava Narendra Modi, known for his histrionics, trying to equal the record of Jawaharlal Nehru, by becoming the prime minister for the three successive terms, simply by reactivating the dormant Sangh sympathisers and modules to ensure his victory During his never die campaign in Karnataka, during the last two months, Modi visited the […]

The post Battle For Karnataka: BJP’s Struggle For Survival Amid Infighting first appeared on IPA Newspack.

Backbase remains the preferred next-gen digital banking platform vendor for HDFC Bank MUMBAI, INDIA – Media OutReach – 16 March 2023 – HDFC Bank Ltd has appointed Backbase to deliver their vision for a market-leading digital banking experience in India. Backbase powers HDFC Bank’s next-gen retail banking, enabling a more seamless customer experience across digital touchpoints in response to changing consumer expectations and new regulatory requirements. HDFC […]

The BJP has started ‘Sufi Samvad’ – interactions with minorities, especially those from an economically backward section in these communities – ahead of the 2024 Lok Sabha elections. The saffron party’s minority morcha will hold a large sammelan in December featuring an address by Prime Minister Narendra Modi. The dialogues were organised after Prime Minister […]

The post BJP kickstarts ‘Sufi Samvad’ for 2024 Lok Sabha polls first appeared on IPA Newspack.

KUALA LUMPUR, MALAYSIA – Media OutReach – 16 March 2023 – Kenanga Investors Berhad (“Kenanga Investors”) received five awards at the Refinitiv Lipper Fund Awards 2023 (“Awards”). The firm was recognized for its exceptional performance and was awarded best Mixed Assets – Malaysia Pension Funds Group for the fourth consecutive time From left to right: Felicia Tai, Head of Fixed Income & Credit, Investment, Kenanga Islamic Investors […]

By Anjan Roy One swallow does not make a summer, the old proverb goes. But even a single swallow can give some hopes for a return to better times. A softer trend in the wholesale prices, as revealed in the latest figures, had ignited demands for a softer stance in monetary policy of the Reserve […]

The post Blunt Tool Of Interest Rate Hikes: Case For A Relook first appeared on IPA Newspack.

By K Raveendran A question to ChatGPT whether a Silicon Valley Bank-type bank failure could happen in India produced a very reassuring answer. While noting that any bank, including SVB type bank, can fail due to various reasons such as mismanagement, fraud, economic turmoil, etc, ChatGPT believes the Reserve Bank of India (RBI) will ensure […]

The post ChatGPT Response To U.S. Bank Failures Discounts Impact On Indian Banks first appeared on IPA Newspack.

By K R Sudhaman It is now clear that Chinese data are quite overstated and the Chinese economy now at over $18 trillion as officially announced, is grossly overestimated. Recently reports appeared in some newspapers including popular Hong Kong-based South China Morning Post, to suggest that Chinese growth figures were exaggerated by two percentage point […]

The post Is Chinese Economy As Large As It Is Projected To Be? first appeared on IPA Newspack.

Matein Khalid There was no way Uncle Sam was going to allow a mass extinction event to destroy thousands of VC funded tech and life science startup to be wiped out due to the collapse of Silicon Valley Bank (SVB). The “flight to quality” trade, illustrated by a steep plunge in the yield of the 2 year US Treasury note from 5.07% last Wednesday to 4.35% is […]

By Ashis Biswas After a tense truce, the war of words between American liberal lobbyists and the Bangladeshi ruling establishment over the Nobel laureate economist Mohammad Yunus has returned in full fury. 50 Dhaka-based thinkers have strongly countered a recent statement issued in a leading American daily in favour of Dr. Yunus, calling it a […]

The post Decade-old US-Bangladesh Spat Over Dr. Yunus Warms Up Again first appeared on IPA Newspack.

The Data Centre is the first in Malaysia to be certified as a Titanium+ Tier facility by Green Climate Initiative (GCI), a testament to the Bank’s commitment to addressing climate change and the transition to a green, low carbon and climate-resilient economy KUALA LUMPUR, MALAYSIA – Media OutReach – 13 March 2023 – Hong Leong Bank’s (“HLB” or “the Bank”) new data center has received a Titanium+ […]

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