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HONG KONG SAR – Media OutReach – 2 February 2023 – On 30 January 2023, HSBC Global Research (“HSBC”) published a report pointing out that Fosun International Limited (“Fosun International” or the “Company”) (HKEX: 00656) is recovering vigorously. HSBC maintained “Buy” rating on Fosun International and raised the target price to HK$11.50. HSBC pointed out that Fosun’s secured RMB12 billion syndicated loan is the largest private enterprise […]

By K Raveendran With China slowly reopening after it abandoned the zero-Covid policy, global markets are bracing up for an industrial inflation, denoting higher industrial material prices. Already signs of importers of Chinese goods and materials having to dish out more for their requirements are visible, according to analysts. China’s zero-Covid policy has been central […]

The post China Reopening Changing Market Dynamics Impacting Importers first appeared on IPA Newspack.

By P. Sreekumaran THIRUVANANTHAPURAM: It has become a nauseatingly unredeemable tale of rejection and rebuff for Kerala. True to pattern, the State has once again been given the cold shoulder in the Union Budget. None of the demands made by the state have been accepted. The only silver lining has been the decision to increase […]

The post Union Budget 2023-24: Kerala Again Cold Shouldered first appeared on IPA Newspack.

By Dr K R Shyam Sundar The Economic Survey (ES) 2022-23 prepared the ground for the focus points in the Union Budget 2023-24 presented on February 1… Labour law reforms were implemented. It is not a question of the Union Government’s failure. It is the duty of the Union Government to pass laws and frame […]

The post 2023-24 Budget Keeps Key Issues Of Indian Workers Unaddressed first appeared on IPA Newspack.

Spackman Media Group artist Son Suk-ku secured the top spot in the 2023 MALE ACTORS TO WATCH survey conducted by Cine21, a weekly film magazine in Korea The ranking serves as a testament to Son Suk-ku’s dominance in both big and small screens in Korea, headlining 2022’s top box office performing film, THE ROUNDUP, and the most popular K-drama in May 2022, MY LIBERATION NOTES Fresh off […]

Both the US Skokie and European Rankweil sites address customer needs in early-phase drug development Clinical development pipeline is essential to global business strategy for in-human trial materialVetter Development Service offers comprehensive expertise New facility in Austria expands clinical manufacturing capacity RAVENSBURG, GERMANY AND RANKWEIL, AUSTRIA, AND SKOKIE, US – Media OutReach – 2 February 2023 – With the increasing drug development for novel therapeutics, a growing […]

Biggest collection of never-seen-before Colombian emeralds coincides with grand opening celebrations SINGAPORE – Media OutReach – 4 February 2023 – In conjunction with the official opening of its international flagship boutique in Singapore, D&A Jewellery is proud to present an extraordinary collection of never-seen-before, exceptional quality, investment-standard Colombian emeralds. A pair of pear-shaped emeralds (45.84ct & 42.55ct) totalling 88.39ct From 4th to 10th February 2023, gemstone aficionados […]

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By Prabhat Patnaik The most outstanding feature of the Indian economy today is the sluggish increase in real consumption expenditure. Between 2019-20 and 2022-23 for instance the per capita real consumption expenditure has grown by less than 5 per cent which is less than the rate of growth of the gross domestic product. Even the […]

The post Modi 2’s Last Full Budget Ignores Indian Economy’s Basic Problem first appeared on IPA Newspack.

By Dr. Gyan Pathak Union Budget 2023-24 is deceptive. The very presumptions of revenue and growth are overestimated, promises made are too high to be realized, allocations made are inequitable for different sectors as well as social groups, and the higher allocations made for certain sectors are being energetically overplayed. If the Indian Economy is […]

The post Deceptions In Plenty In The Union Budget 2023-24 first appeared on IPA Newspack.

Opposition parties on Thursday agreed to jointly raise the issue of allegations of fraud against the Adani Group in Parliament but were yet to agree on the mode of inquiry into the Gujarat-based corporate major. At a meeting of like-minded political parties convened by Congress President Mallikarjun Kharge, there was a general agreement on raising […]

The post Opposition parties unite on Adani fraud in Parliament first appeared on IPA Newspack.

By Saifur Rahman The International Monetary Fund (IMF) this week approved a 42-month credit line of US$4.7 billion including US$3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as US$1.4 billion under the newly created Resilience and Sustainability Facility (RSF). This approval enables the immediate disbursement of US$476 million. Bangladesh is the first Asian country to access the RSF. “The 42-month […]

By P. Sudhir A small US investor firm has challenged the Indian behemoth, the Adani group, and shaken it to its foundations.  The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshalling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies […]

The post Investigation Into The Entire Business Activities Of Adani Group Is Imperative first appeared on IPA Newspack.

SINGAPORE – Media OutReach – 2 February 2023 – Harnessing the scale of two million listings listed in the electronics category every quarter, leading multi-category platform for secondhand in Greater Southeast Asia Carousell Group has doubled down on driving electronics recommerce across the region since acquiring control of Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia. The Group has integrated the Laku6 team’s expertise and […]

ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announces a major milestone in securing $30 million in debt financing. The $30 million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. DHAKA, BANGLADESH – Media OutReach – 2 February 2023 – ShopUp, the largest full-stack B2B commerce platform […]

RIYADH: Saudi Arabia’s Public Investment Fund has signed a joint venture agreement with US-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom

By Nantoo Banerjee The massive boost in infrastructure spending proposed in the 2023-24 budget is expected to be the biggest growth driver of the county’s economy with several sectors such as steel, coal, power, engineering, automobile and banking are expected to do well. The infrastructure spending along with the focus on tourism, urban development covering […]

The post 2023-24 Budget Provides Big Boost For Industry, Tourism first appeared on IPA Newspack.

By Dr. Gyan Pathak “The fundamentals of the Indian Economy are sound as it enters its Amrit Kaal, the 25-year journey towards its centenary as a modern, independent nation. Policies pursued carefully and consciously to ensure …” was of course noisy and highly opinionated statement of the Economic Survey 2022-23, but the Union Budget 2023-24, […]

The post Union Budget 2023-24 Is Not Fair To The Vulnerable Sections first appeared on IPA Newspack.

WeTV reaffirms its commitments to Southeast Asia with quarterly roadshows on local projects and collaborations SINGAPORE – Media OutReach – 1 February 2023 – WeTV, Southeast Asia’s leading video-on-demand (VOD) and over-the-top platform (OTT), has achieved resounding success in its premium subscription services. Additionally, WeTV’s transactional subscription services (including fast track, rent, and EXPRESS) made up around 10% of its 2022’s annual income. Reflecting its ongoing appeal […]

Backbase recognized for excellence in Celent international digital banking awards SINGAPORE – Media OutReach – 1 February 2023 – Backbase, the Engagement Banking platform leader, was recently named a winner of several xCelent Awards in Celent’s digital banking-themed reports, covering retail and small business banking internationally. These awards continue the strong recognition Backbase has received from the analyst community and the ability to help customers win in […]

DUBAI:  Middle East-based investors are highly attracted to the U.S. real estate market due to its stability, security, and growth.  To meet this increased investor demand, Glenwood Equity has partnered with U.S.-based Patel Family Office to set up new bases of operation in Abu Dhabi, Riyadh, Sharjah, Kuwait, Bahrain, Istanbul, Jeddah, Oman, Qatar, and Doha.  The local bases will liaise with the partnership’s Dubai hub to support high net worth private investors, wealth advisers, and strategic […]

By Dr. Gyan Pathak Economic Survey 2022-23 is clearly optimistic on Indian economy with downside risks not getting proper focus in the analysis of the policy makers. Though it has projected India’s GDP growth at 6-6.8 per cent for 2023-24, has also cautioned that even as India’s outlook remains bright, global economic prospects are weighed […]

The post Economic Survey 2022-23 Too Optimistic With Downside Risks In Economy first appeared on IPA Newspack.

HONG KONG SAR – Media OutReach – 31 January 2023 – WRISE Group is pleased to announce the launch of “WRISE Wealth Management Hong Kong” (“WRISE WM”), a technologically advanced wealth management firm for Hong Kong’s ultra-high-net-worth individuals (UHNWIs) and their family offices to ease the complexities of total wealth management. With the number of family offices increasing across the Asia-Pacific, and the market pivoting towards performance […]

Begins 2023 by cutting interest rates on some products and offers base rate trackers GUERNSEY – Media OutReach – 31 January 2023 – Skipton International, the award winning Guernsey-licensed bank, has announced the launch of limited company buy-to-let lending giving customers an additional financing option for growing UK property portfolios. Roger Hughes – Skipton International According to Hamptons, a leading UK estate and letting agency and part […]

By Arun Srivastava In one stroke the empire of the world’s third richest till the other day, Gautam Adani, which he had built on the edifice of dishonesty and crony capital has been crashed. The assault has come from the US-based Hindenburg Research which charged the Adanis of being “engaged in a brazen stock manipulation […]

The post Hindenburg Exposure Underlines Patronage Of Ruling Govt To Adani Group Companies first appeared on IPA Newspack.

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