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By Manish Rai After facing the toughest challenge of his political career to date, Turkiye President Recep Tayyip Erdogan got re-elected to a third term. Defeating Kemal Kilicdaroglu, presidential candidate of the six-party strong opposition alliance. Erdogan prevailed over Kilicdaroglu in a run-off election held on May 28 after the first round of voting did […]

The post Erdogan’s Presidential Win Is A Clear Loss For People Of Turkiye first appeared on IPA Newspack.

SINGAPORE – Media OutReach – 2 June 2023 – BingX, the leading social trading platform, is proud to announce its innovative peer-to-peer (P2P) trading feature, empowering users to buy and sell cryptocurrencies directly with P2P merchants at the best agreed-upon prices. With BingX P2P, traders can enjoy reduced fees, enhanced trust and security, community interaction, and competitive pricing, making it the go-to platform for seamless and rewarding […]

Will BNM hit the brakes on monetary tightening and leave the rates unchanged: Kar Yong Ang, the OctaFX financial market analyst, shares his opinion. KUALA LUMPUR, MALAYSIA – Media OutReach – 1 June 2023 – Malaysian consumer prices declined in April, driven mainly by easing transport inflation. The consumer price index (CPI) rose by 3.3% in April from a year earlier, the Department of Statistics said on […]

With continuous efforts to optimize capital and asset base, Fosun’s short-term liquidity pressure has been greatly eased and its credit rating outlook has been raised by an international rating agency HONG KONG SAR – Media OutReach – 30 May 2023 – International rating agency S&P Global Ratings issued a report, raising Fosun International Limited’s (HKEX stock code: 00656, “Fosun International”) rating outlook to stable. S&P Global Ratings […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 26 May 2023 – BNM’s decision to raise the interest rate was an attempt to stabilise the Malaysian ringgit. The OctaFX experts believe that along with the weak exchange rate, the widespread subsidisation of Malaysians increased pro-inflation risks, forcing the BNM to raise the rate. Bank Negara Malaysia’s (BNM) Monetary Policy Committee raised the overnight policy rate (OPR) by 25 […]

By Arun Kumar Shrivastav The European Union’s Markets in Crypto Assets (MiCA) regulation has achieved its long-awaited final consent from the council. This groundbreaking legislation, aimed at harmonizing cryptocurrency laws across all 27 EU member states, has undergone several delays but has emerged triumphant. The MiCA proposal holds immense significance as it seeks to establish […]

The post Approval Of MiCA Regulation Leads To A New Dawn For Cryptocurrencies In EU first appeared on IPA Newspack.

By Prabhat Patnaik Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate. A capitalist economy, looking at it differently, improves its trade […]

The post Exchange Rate Depreciation Leads To Lowering Of The Real Wages Rate first appeared on IPA Newspack.

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Asserting that power transfers never happen merely at the shake of hands, Finance Minister Nirmala Sitharaman on Thursday appealed to opposition parties to reconsider their decision to boycott the dedication of the new Parliament building scheduled on May 28, saying it is a “temple of democracy.” Addressing reporters in Chennai, she said 20 “aadeenams” (pontiffs) […]

The post Sitharaman appeals to Opposition to rethink on boycott first appeared on IPA Newspack.

HONG KONG SAR – Media OutReach – 26 May 2023 – Recently, Liza, a well-known community e-commerce company in Vietnam, announced that it has combined AI technology to create a brand-new commodity traceability system. Through this system, the circulation path of commodities can be queried with one click, which ensures the standardization and legality of commodity sources and can also protect consumers’ rights and interests to a […]

SINGAPORE – Media OutReach – 25 May 2023 – BingX, one of the leading crypto exchanges, is proud to recap their presence at The Bitcoin 2023 conference that was held this past week in Miami. The conference itself featured unique activations, attendee experiences and an agenda of builders, politicians, business leaders and more of the most influential people in the world sharing their insight into this technological, […]

SINGAPORE – Media OutReach – 25 May 2023 – BingX, a copy trading platform in the cryptocurrency industry, is thrilled to announce an initiative to empower crypto traders with access to airdrops through its QA BingX platform. Airdrops, renowned for their elusive nature requiring impeccable timing and diligent research, can now be effortlessly accessed with BingX’s comprehensive guides, simplifying the process for traders. Airdrops have long been […]

Defending his ‘Pagla Modi’ comment, Congress leader Adhir Ranjan Chowdhury issued a clarification and said that he was just saying what the “sentiments” of public is and was just conveying how the people are reacting to PM’s decision of withdrawing Rs 2000 notes. While addressing a press conference on the issue of Rs 2000 notes, […]

The post Adhir Ranjan defends ‘Pagla Modi’ remark over Rs 2K note first appeared on IPA Newspack.

By K R Sudhaman United Nations declared in Mid-April this year that India has become the most populous country overtaking China at 1.43 billion. Can it do the same with regard to GDP to become second largest economy in the world? On the face of it, the proposition seems difficult in the next few decades […]

The post Indian Economy Has The Potential To Close Its Gap With China At A Faster Pace first appeared on IPA Newspack.

By K Raveendran The abrupt announcement by RBI, withdrawing all Rs 2,000 notes from circulation, seems to have much more than what meets the eye. Going by the explanations provided so far, it is increasingly clear that there is plenty of room for the regulator to be more forthcoming on the decision. The RBI is […]

The post RBI Needs To Be More Forthcoming On Withdrawal Of Rs 2000 Notes first appeared on IPA Newspack.

XSGD is the first Southeast Asian fiat-backed stablecoin to launch on Hedera’s carbon negative network SINGAPORE – Media OutReach – 24 May 2023 – StraitsX, the Southeast Asia-based digital asset payment infrastructure, announced support for the StraitsX Singapore Dollar (XSGD) on the Hedera network. Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 7 billion XSGD in on-chain transactions, making it one of […]

NEW YORK, US – Media OutReach – 24 May 2023 – Aimed at incubating high-quality developers and projects, the Boundless Hackathon at Stanford, spearheaded by Zebec Protocol, has been ceremoniously set in motion. The event, co-hosted by the Stanford Blockchain Accelerator, Zebec Protocol, Nautilus Chain, and Rootz Labs, is now accepting submissions. This gathering brings together top-notch cyberpunks to carry forward the spirit of pioneering the edges […]

By Nantoo Banerjee The government and the Reserve Bank may disagree, but the way the country’s trade deficits and external debt are rising it may be a matter of time before India goes for another IMF-World Bank bail out. The current indicators on the two counts are hardly comfortable. Take the debt position first. The […]

The post India’s Growing Trade Deficit And Debt Burden Are A Matter Of Concern first appeared on IPA Newspack.

SINGAPORE – Media OutReach – 17 May 2023 – BingX, a leading cryptocurrency exchange, is proud to announce the launch of its latest product, BingX Cryptopedia, a comprehensive glossary of cryptocurrency jargon designed to help new traders understand the language of the crypto world. Cryptocurrency trading can be daunting for new traders, especially when it comes to understanding the unique terminology used in the industry. To help […]

Together Driving the Development of Hong Kong’s Virtual Asset Market HONG KONG SAR – Media OutReach – 22 May 2023 – Eddid Financial and Venture Smart Financial Holdings Limited (“VSFG”) have forged a strategic cooperation and investment partnership, committing to marrying their best strengths and, abiding by compliance framework permits, working together to promote the sustainable development of financial services along the virtual asset value chain, and […]

Opposition leaders on Saturday attacked the government over the withdrawal of Rs 2000 currency notes from circulation with West Bengal Chief Minister Mamata Banerjee describing it as “Tughlaqi demonetisation drama” and Congress wondering if this was the second “notebandi” exercise. The BJP rejected this was any sort of demonetisation and instead reminded the Congress that […]

The post Mamata calls 2K note decision another ‘Tughlaqi drama’ first appeared on IPA Newspack.

By K Raveendran The withdrawal of Rs 2,000 notes by the Reserve Bank of India and the brief window allowed to exchange the notes until September 30 will provide another opportunity for black money holders to launder their ill-gotten wealth just like its infamous precedent seven years ago did. In fact, the surprise RBI move […]

The post Another Great Opportunity For Black Money Holders For Laundering first appeared on IPA Newspack.

SINGAPORE – Media OutReach – 18 May 2023 – BingX, a prominent cryptocurrency exchange (CEX), has joined forces with OrdStarter to establish a strategic partnership that will drive credibility and unlock new opportunities for BRC20 projects. BingX, a prominent crypto exchange, has announced its planned partnership with OrdStarter, a comprehensive launchpad and incubator platform for BRC20 projects. This collaboration will see BingX leverage its industry expertise and […]

Highlights of FY2022/23 Results For the financial year ended 31 March 2023, total sales were US$3,646 million – an increase of 6% compared to the prior year. Excluding the effects of foreign currency movements and acquisitions, underlying sales increased by 11% Gross profit totalled US$716 million – an increase of 2% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, decreased by 10% to […]

The Hong Kong Monetary Authority (HKMA) has selected a secured lending application of e-HKD for the inaugural e-HKD pilot programme The proposed solution is led by Boston Consulting Group (BCG), HKT Payment Limited and ZA Bank, who will partner with paywith.glass and Venture Smart Financial Holdings Limited (VSFG) as a consortium during the pilot The e-HKD Pilot Programme is in line with HKMA’s three-rail approach, announced in […]

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