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Senthil Kumar joins as CEO of Asendia Singapore/South Asia and Stuart Foster joins as Managing Director of Asian Desk, APAC in January 2023 SINGAPORE – Media OutReach – 16 January 2023 – Asendia, one of the world’s leading e-commerce logistics providers, announced today the strategic hire of Senthil Kumar as CEO of Asendia Singapore/South Asia (Asendia Singapore Pte Ltd) and Stuart Foster as Managing Director of Asian […]

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.

The Redress Design Award 2023 global sustainable design competition opens with support from Create Hong Kong and VF Corporation, further cementing Hong Kong as Asia’s creative capital and the region to drive sustainability in the global fashion industry HONG KONG SAR – Media OutReach – 12 January 2023 – Environmental NGO Redress opened the Redress Design Award 2023, the 13th cycle of the world’s largest sustainable fashion […]

The Consumer Care division of Western India Vegetable Products Limited (Wipro), which has an annual turnover of US$1 billion, has entered food business by acquiring a famous Kerala-based packaged food and spices brand, Nirapara. “Wipro Consumer Care and Lighting, one of the fastest-growing FMCG companies in India, has announced a definitive agreement with Nirapara, a popular traditional food brand. This announcement comes after Wipro’s earlier statement of its foray […]

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 […]

By Dr. Gyan Pathak The World Social Report 2023 has called for concrete measures to support the greying population of the world amidst escalating pension and healthcare costs. It is urgent, since the number of people aged 65 and above are projected to more than double by middle of the current century. The study published […]

The post Re-Thinking On Social Protection For Old Is Urgent In India first appeared on IPA Newspack.

By L S Herdenia BHOPAL: Madhya Pradesh has been assured massive investment both by foreign and domestic investors in the course of two day Global Investment summit (GIS) held at Indore. Leading business houses of the country and also from abroad. The sectors that were assured investment include chemicals and petroleum (Rs. 77,000 crore), service […]

The post Madhya Pradesh Assured Of Massive Investment At The Global Summit first appeared on IPA Newspack.

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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 K Raveendran There is one thing common among the Indian CEOs of global IT giants: all of them completed their higher education from a leading foreign university. Such exposure decidedly put them into the big league and the corollary is that the lack of a foreign degree is as good as a disqualification for […]

The post Indian Universities Need To Break Out Of Text Book Education 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.

BEIRUT: Lebanese designer Salim Azzam, loved by Jordan’s Queen Rania Al-Abdullah, started his brand to revive the skills of the artisans in Mount Lebanon and give them international exposure.

By Dr. Arun Mitra It is to utter to dismay that only about 23.8 % families of the doctors who lost their life fighting COVID-19 have received the insurance amount announced by the Prime Minister under the Pradhan Mantri Garib Kalyan Package (PMGKP). This is as per the information received by Dr Babu K V, […]

The post Covid Affected Health Workers’ Families Need Empathy And Support first appeared on IPA Newspack.

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 Ashis Biswas In Tripura, the main contending formations in the coming Assembly elections have stepped up efforts to secure an alliance with the pace-setting tribal Tipra Motha (TM) party. So far, the TM has maintained an equidistance from the ruling Bharatiya Janata Party (BJP)/IPFT alliance and the Left front/Congress grouping. Observers find such tactics […]

The post In Tripura, All National Parties Vying With Each Other To Woo Tipra Motha first appeared on IPA Newspack.

Agenda aims to double the size of Dubai’s economy and consolidate its position among the top 3 global cities Mohammed bin Rashid: “2033 will mark 200 years since the foundation of Dubai, the year in which Dubai will be the most important global business centre” “Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over […]

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.

CTOne delivers seamless network protection in the 5G Era HONG KONG SAR – Media OutReach – 6 January 2023 – Trend Micro (TYO: 4704; TSE: 4704), a global cybersecurity leader, has established CTOne, a new Trend Micro subsidiary focused on advancing 5G network security and beyond. The group’s intellectual capital and leadership come from Trend Micro’s culture of innovation and is the latest incubation project to launch […]

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.

By Dr. Gyan Pathak There were 1.3 crore more entrepreneurs in India in 2022 compared to 2018, but there were 1.4 crore people less in employment – 45 lakh fewer men and 96 lakh fewer women – in October 2022 compared to January 2020. Younger unemployed persons are the worst hit by such a Job […]

The post More Entrepreneurs But Fewer Jobs Exposing Job Market Distortion first appeared on IPA Newspack.

NEFIN and multinational tech firm NI to collaborate on an industrial rooftop solar panel system, for NI’s Bayan Lepas Malaysia site to offset 53,000 tons of CO2 over the lifetime of the project KUALA LUMPUR, MALAYSIA – Media OutReach – 3 January 2023 – NEFIN is positioned as a leading green Independent Power Producer, offering customized solar energy systems for land and business owners, as well as, […]

When Bangladesh came into being in December 16, 1971 after a nine-month bloody war, it was a nearly destroyed, looted and violated land filled with 75 million people cramped within 144,000 square kilometres with broken infrastructure, zero money in the exchequer and perhaps more devastating – no hope.

By Dr. Gyan Pathak Pledges made by countries in all climate crises summits are really angelic, but what is done is clear dichotomy and hypocrisy, which the world will see in full play in 2023 with rise in production and consumption of coal, the dirtiest of the three fossil fuels – coal, oil, and gas […]

The post Coal Production And Consumption To Make Higher Records In 2023 first appeared on IPA Newspack.

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