By Matein Khalid King Dollar that saw a 20% rise in the world’s reserve currency (our currency, your problem) died in late September 2022 and the greenback is now 8% below its high on US dollar index (DXY). All G10 currencies have risen at least 7% against the USD. So its weakness is just not […]
The post Dethronement Of King Dollar Result Of A Sequence Of Events first appeared on IPA Newspack.
Two-year partnership helps provide 210,000 meals to people experiencing homelessness and empowers them to build their own social capital HONG KONG SAR – Media OutReach – 13 January 2023 – DBS Foundation, committed to championing social entrepreneurship and creating impact in the community, announced a two-year strategic partnership with ImpactHK to support The Kind Kitchen, a community kitchen to serve the underprivileged in need of food support. […]
SINGAPORE – Media OutReach – 13 January 2023 – Huobi, one of the world’s leading virtual asset exchanges, has announced a partnership with Solaris, to deliver a crypto-to-fiat debit card that will enable Huobi users to spend digital assets at the point-of-sale globally. The Visa-approved program will be available to both new and existing users residing in the European Economic Area (EEA) from Q2 in 2023. They […]
By K R Sudhaman World Bank and International Monetary Fund might be gung ho about Indian economy, but emerging geo political situation in the neighbouring countries is a major source of concern and tottering economies in the sub-continent make the situation worse. India might be in a bright spot in otherwise sagging and recessionary global […]
The post Economic Instability In Neighbouring Countries Is Worrying For India first appeared on IPA Newspack.
By Arun Kumar Shrivastav After months of struggling to bring the economy back in shape, Pakistan is finally close to the moment when its forex reserves will be completely drained and it would start defaulting on payments to its creditors. Its forex reserves currently stand at $5.5 billion which is enough for meeting imports barely […]
The post Acute Food Crisis In Pakistan Reaches Critical Proportion Leading To Anarchy first appeared on IPA Newspack.
The need to reduce cost amid a cooler economic outlook poses challenges for banks in 2023 HONG KONG SAR – Media OutReach – 13 January 2023 – The reopening of the border and easing of Covid-19 restrictions were major steps on path towards normality in Hong Kong banking sector, while the Chinese Mainland’s ongoing financial reform will solidify Hong Kong’s role as a financial hub for the […]
The BJP on Thursday slammed Bihar Chief Minister Nitish Kumar over the controversial remarks of a member of his Cabinet on Ramcharitmanas, alleging that his government has been hurting Hindu sentiments and wondering if the minister will dare to make similar comments on holy books of other religions. Bihar’s Education Minister Chandrashekhar, who is from […]
The post BJP seeks Bihar minister’s sack for remarks on Hindu epic first appeared on IPA Newspack.
2022 was a turbulent year for international financial markets. What to expect from 2023? OctaFX asked its financial experts to share a forecast for the upcoming year. KUALA LUMPUR, MALAYSIA – Media OutReach – 13 January 2023 – The events of 2022 shook the world and the financial markets. The rise of geopolitical tensions and record-high inflation in most industrialised economies had a defining impact on the […]
Prime Minister Narendra Modi today flagged off MV Ganga Vilas, the world’s longest river cruise, in Uttar Pradesh’s Varanasi through video conferencing. 32 Swiss tourists will take the maiden journey to reach Dibrugarh in Assam via Bangladesh. The PM inaugurated a ‘Tent City’, developed on the lines of similar setups in Gujarat’s Kutch and Rajasthan, […]
The post PM flags off world’s longest Rs 20-lakh river cruise first appeared on IPA Newspack.
By Prabhat Patnaik The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see an actual contraction in gross domestic product. This is because all the three major economic powers in […]
The post Contraction Of GDP In One-Third Of Global Economy In 2023 Is Ominous first appeared on IPA Newspack.
By Dr. Gyan Pathak India would be going downhill for the next two years, if Global Economic Prospect just released by the World Bank is of any indication. GDPs for 2023and 2024 have been revised down to 6.6 per cent and 6.1 per cent respectively, which are below 0.5 and 0.4 per cent compared to […]
The post Economic Slowdown To Haunt India The Next Two Years first appeared on IPA Newspack.
By Sushil Kutty It’s Kurukshetra. And Mahabharata. Bharat Jodo yatri Rahul Gandhi alleges the RSS are “21st Century Kauravas in khaki half pants”. And RSS Chief Mohan Mohan Bhagwat says Hindus are not finished with the “1000-year war with foreign invaders, foreign aggressions, foreign influences and foreign conspiracies.” The 21st century war is political, with […]
The post Rahul Gandhi’s Yatra Success Triggers Ideological War Within Sangh Parivar first appeared on IPA Newspack.
Amazon Singapore is the one-stop destination for essential products needed across a wide selection of categories to usher in the Chinese New Year, with incredible savings of up to 20% off essentials. Prime members can enjoy free, fast, and convenient same day delivery on Amazon Fresh for orders above S$60, and free delivery across a wide range of Prime-eligible selection on Amazon.sg SINGAPORE – Media OutReach – […]
By Sushil Kutty The Congress strategy to defeat the BJP and dislodge Prime Minister Narendra Modi from his pedestal is three-pronged. One, Muslims must be made to vote for the Congress, the Congress alone. Two, the Hindu voter should be convinced that the ‘Tapasvi Rahul’ is the alternative to the ‘Pujari Modi’. Three, the rest […]
The post Congress Has A Three Pronged Strategy To Meet BJP Challenge In 2024 first appeared on IPA Newspack.
Investment to enable STT GDC, one of Asia’s leading data centre providers, to significantly expand its European operations SINGAPORE – Media OutReach – 10 January 2023 – ST Telemedia Global Data Centres (STT GDC), a leading Singapore-based data centre provider, has closed a significant investment from Macquarie Asset Management in its European subsidiary, VIRTUS Data Centres (VIRTUS). The transaction, via Macquarie European Infrastructure Fund 7, will see […]
KUALA LUMPUR, MALAYSIA – Media OutReach – 10 January 2023 – The time has arrived for international broker OctaFX’s annual retrospective of events impacting the world economy—compiled towards the year’s end. The year 2022 has been all-around eventful and fateful. Let’s give due diligence to the 10 most important events that affected the financial markets. The year 2022 has been dominated by two major issues: the extreme […]
A day after the Bombay High Court termed her arrest illegal and ordered that she and her husband be freed, former ICICI Bank CEO Chanda Kochhar today walked out of jail. She, along with her husband Deepak Kochhar, was arrested by the Central Bureau of Investigation (CBI) on December 23 in a case linked to […]
The post Chanda Kochhar leaves jail after court relief first appeared on IPA Newspack.
By Nantoo Banerjee It is rather depressing to note that the unemployment rate in the country reached 8.30 percent in December, the highest over the last 16 months. In urban areas, the unemployment rate exceeded 10 percent. The number of people looking for jobs last month increased to 40.48 percent, the largest in 2022, reported […]
The post Surging Imports Are Behind India’s Growing Unemployment first appeared on IPA Newspack.
By K R Sudhaman The preliminary official estimates by Ministry of Statistics has corroborated multilateral and other rating agencies forecast that India’s economic growth would be around 7 per cent in financial year 2022-2023. This only confirms that Indian economy is on a revival mode. The projected GDP growth may be less than 8.7 per […]
The post India Economy Is On A Revival Mode But Next Fiscal Will Be Challenging first appeared on IPA Newspack.
By K Raveendran 2023 may well be a year of gold. This is because despite several negatives the yellow metal has outperformed everything else. And with the New Year expected to unravel all that traditionally has worked in favour of gold, this asset class appears to be non-stoppable right now. IMF has warned that a […]
The post Gold Appears To Be Non-Stoppable In Its March Towards A Historical High first appeared on IPA Newspack.
HO CHI MINH CITY, VIETNAM – Media OutReach – 5 January 2023 – With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023. Securities firm VNDirect said the State Bank of Vietnam has increased policy rates by 200 basis points and this rate hike would inevitably put pressure on banks’ net interest margin this year as the cost […]
By Prabhat Patnaik India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion which is 4.4 per cent of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current deficit had […]
The post India’s Balance Of Payments Crisis Touches Precarious Level Under Modi Regime first appeared on IPA Newspack.
By Dr. Gyan Pathak South Asia still needs to prepare for the worst since there are increasing signs of geo-economic fragmentations. Expenditure needs to meet the Sustainable Development Goals; equity needs to be improved through labour market and social protection reforms as well as gender policies, appropriate measures needed to mitigate and adapt to climate […]
The post South Asian Economy Needs To Prepare For The Worst first appeared on IPA Newspack.
By Rahil Nora Chopra There is a chance of a massive rejig in Prime Minister Narendra Modi’s Cabinet after January 14, when the ongoing Kharmas period, which is believed and considered to be inauspicious as per the Hindu calendar concludes . According to sources, Prime Minister Narendra Modi may expand his Cabinet and add leaders […]
The post Prime Minister Is Likely To Do Major Cabinet Rejig After January 14 first appeared on IPA Newspack.
