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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.

HONG KONG SAR – Media OutReach – 13 January 2023 – Yanchang Petroleum International Limited (“Yanchang Petroleum International” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 346.HK) announced completion of the share subscription agreement with ChangAn HuiTong Investment (Hong Kong) Company Limited (“ChangAn HuiTong”), a wholly-owned subsidiary of Shaanxi Province State-owned Assets Supervision and Administration Commission (“Shaanxi SASAC”), under which ChangAn HuiTong subscribed for […]

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 […]

China is currently focused on realizing the Second Centenary Goal of becoming a great modern socialist country in all respects and advancing the rejuvenation of the Chinese nation on all fronts

By Sushil Kutty Prime Minister Narendra Modi’s virtual speech to the Global South leaders has come in for a degree of praise not expected for a leader under siege in his home country. A large constituency of Indians consider Prime Minister Modi’s nearly nine years in power not worth the calendars they were published in. […]

The post Prime Minister’s Address At Global South Leaders Meet Is Inspirational 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 […]

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.

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HONG KONG SAR and BOSTON – Media OutReach – 12 January 2023 – EcoCeres, Inc. (“EcoCeres” or the “Company”), an innovative biorefinery company with leading R&D capabilities, announced that it has received a significant equity investment from the leading global investor Bain Capital Private Equity (“Bain Capital”). The transaction follows Series A investment in EcoCeres from Kerogen Capital in February 2022. EcoCeres is an Asia-based advanced biorefinery […]

Unlocking swift and easy access to one-of-a-kind retailtainment experiences HONG KONG SAR – Media OutReach – 10 January 2023 – HKT and New World Development Company Limited (“NWD”; SEHK: 00017) announce a two-year partnership between their respective group companies The Club and K11 starting from today. A selection of K11 special-edition products and privileges, including one-of-a-kind retailtainment experiences at 11 SKIES, Hong Kong’s largest one-stop destination for […]

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 […]

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.

HONG KONG SAR – Media OutReach – 9 January 2023 – Recently, the Longmenshan phosphate ore mineral processing technology research project in the Tianjinggou section of the Longwangmiao phosphate mining area in Mianzhu, Sichuan Province, passed the expert review in Changsha, Hunan Province. The project mainly studies the technology of direct production of phosphoric acid at low cost from the unique siliceous carbonate phosphate ore in Longmenshan. […]

2022 Net Profit Attributable to Shareholders of the Company Expected to be between HK$550 Million and HK$600 Million, Significant Year-on-Year Growth of between 43.6% and 56.7% HONG KONG SAR – Media OutReach – 9 January 2023 – Impro Precision Industries Limited (“Impro” or the “Group” or the “Company“) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical components, is pleased to announce that the Group […]

  By Arun Kumar Shrivastav India’s North-East has seen several major infrastructure projects in the past few years. The latest is a 57 km broad gauge railway line between India’s Kokrajhar and Bhutan’s Gelephu, for which the work is going to start this year. This would be Bhutan’s first railway project and one of the […]

The post India’s North East Gets A Big Infra Push With 57 Km Railway Line To Bhutan first appeared on IPA Newspack.

By James M Dorsey An official visit to Xinjiang to assess the fate of Turkic Muslims in the troubled north-western Chinese Province is a risky proposition by any definition. Even so, it would be worth the risk if China and Turkey could agree on the terms of a visit. The problem is that the terms […]

The post Turkey Walks A Fine Line To Challenge China On Uighur Repression first appeared on IPA Newspack.

SINGAPORE – News Direct – 3 January 2023 – Global blockchain technology solutions provider ChainUp Group announced today the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, effective 3 January 2023, as part of the company’s business growth plan. In this role, Ms. Tan will work closely with the executive team to lead various key operations within the organization. […]

The crucial Joshimath-Malari border road in Chamoli district which connects the China border has developed cracks at several places due to landslides in Joshimath. Strategically important Joshimath-Malari border road is subsiding near the Malari taxi stand. Earlier today, Uttarakhand Chief Minister Pushkar Singh Dhami inspected the town and conducted physical inspections of the land subsidence-affected […]

The post Cracks on key defence road leading to China border first appeared on IPA Newspack.

SHANGHAI, CHINA – Media OutReach – 6 January 2023 – De Beers Group Industry Services (“DBGIS”) was re-branded De Beers Institute of Diamonds (“DBIoD”) in 2020, in order to grow and strengthen consumer confidence across the diamond industry, as well as highlight its expertise that benefits both the trade and consumers. DBIoD aims to provide integrity in the industry through the application of a passion for the […]

A temple collapsed in the Himalayan town of Joshimath in Uttarakhand on Friday evening, heightening fears among residents who have been camping out in the cold as over 500 houses and other structures have developed cracks due to the soil shifting. A team of experts and scientists is conducting a door-to-door survey and Chief Minister Pushkar Singh […]

The post People out in cold in Uttarakhand’s ‘sinking’ town first appeared on IPA Newspack.

By Sushil Kutty Union Home Minister Amit Shah has spoken. And the timing is telling, just in time for a clutch of assembly elections in 2023, and the big one in 2024. Shah announced that a grand Ram temple will be inaugurated in Ayodhya on January 1, 2024. That means the Bharatiya Janata Party will […]

The post Amit Shah Offers Ram Mandir As Against Rahul’s Slogan For Jobs And End Of Hatred first appeared on IPA Newspack.

2022’s highest ranking restaurant company in the world MANILA, PHILIPPINES – Media OutReach – 6 January 2023 – The Jollibee Group, Asia’s fastest growing restaurant company, has been recognized by Forbes as one of the World’s Best Employers for a third consecutive year. This recognition affirms the brand of care that Jollibee commits to its employees across the globe, which continues to contribute to a rising perception […]

By Subrata Majumder Concerns have been looming large on the sanctions on Russian oil, which is heading for another major oil shock in the world. Russia is the second biggest exporter of oil in the world. EU is the biggest importer of oil from Russia. EU has prohibited maritime exports of Russian oil and levied […]

The post India’s Oil Purchases From Russia Will Increase Substantially In 2023 first appeared on IPA Newspack.

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