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By Prabhat Patnaik Finance Minister Nirmala Sitharaman made a misleading statement the other day that is not expected from a responsible member of the union cabinet. Talking about the resource transfer to the states in the recent budget, she said that the magnitude of transfer had been raised “sharply”. Now, this statement, while creating the […]

The post Finance Minister’s Statement On Transfer Of Resources To States Is Misleading first appeared on IPA Newspack.

GoGreen Plus is part of Deutsche Post DHL Group’s sustainability goal of achieving net-zero emissions by 2050 SINGAPORE – Media OutReach – 17 February 2023 – DHL Express today announces the launch of GoGreen Plus, a new service that will allow customers to reduce (‘inset’) the carbon emissions associated with their shipments through the use of Sustainable Aviation Fuel (SAF)[1]. This is a first for global express […]

By Arun Srivastava During the last one month, Prime Minister Narendra Modi has visited poll-bound Karnataka three times, notwithstanding the top leadership’s consistent reiteration that the state leaders would design and spearhead the campaign. Union home minister Amit Shah is also not far behind PM Modi. Shah has visited Karnataka for no fewer than half […]

The post Poll Campaigning In Karnataka Gets Challenging For Ruling BJP first appeared on IPA Newspack.

Singapore fintech investments bucked global trend, up 22 percent to US$4.1 billion in 2022, from US$3.4 billion the previous year. Top three investment areas in Singapore were Crypto/Blockchain, Payments and Wealthtech. Global fintech market attracts U$164.1 billion across 6,006 deals in 2022 – a strong showing despite falling from the high of US$238.9 billion seen in 2021. Top three fintech investment areas globally are Payments, Crypto/Blockchain and […]

Security software and cloud platforms clock fast growth in Asia-Pacific as hybrid work becomes mainstream SINGAPORE – Media OutReach – 16 February 2023 – Okta, Inc. (NASDAQ: OKTA), one of the leading independent Identity providers, today announced the findings of its ninth annual Businesses at Work report, which reveals that business users have been turning to a wide range of apps as post-pandemic travel and workstyles evolved […]

A Japanese mobile operator, SoftBank, has partnered with global gaming blockchain, Oasys, to explore the broad integration of Web3 technologies into society SINGAPORE / TOKYO, JAPAN – Media OutReach – 16 February 2023 – Oasys Pte. Ltd. (“Oasys”) today announced that SoftBank Corp. (“SoftBank”), a Japan-based telecommunications operator, has joined as an official validator of Oasys, a gaming-optimised blockchain designed for gamers and developers alike, with a […]

Huntersville, NC – News Direct – 15 February 2023 – Microban International is pleased to expand its portfolio of antimicrobial technologies with the introduction of MicroGuard™, a series of antifungal additives for PVC, PU, and EVA applications including foam. MicroGuard technology provides high antifungal efficacy and 24/7 built-in protection, preventing microbial degradation to extend the useful product lifetime. This innovative solution from the global leader in antimicrobials […]

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100 per cent increase in tobacco duty, consider a tax on non-recyclable plastic products Offer a two-tiered e-consumption vouchers with a target disbursement period in the first half of 2023, with HK$2,000 as the base amount for all eligible Hong Kong residents, and an additional HK$6,000 for underprivileged groups (in total HK$8,000) Maintain the HK$10,000 tax rebate on salaries tax and increase tax allowances HONG KONG SAR […]

HONG KONG SAR – Media OutReach – 13 February 2023 – Hang Lung Properties (the “Company” or “Hang Lung”, SEHK stock code: 00101) is committed to reaching net-zero greenhouse gas (GHG) emissions across its value chain by 2050. The Company has invested resources to expand the coverage of Electric Vehicle (EV) charging stations across its properties in Hong Kong Island and Kowloon. This will help promote sustainable […]

HONG KONG SAR – Media OutReach – 13 February 2023 – Victory Securities held the “HONG KONG’S FIRST VIRTUAL ASSET RESEARCH CONFERENCE”, detailing an overview of the cryptocurrency market and analyzing the impact of external factors on the cryptocurrency market. At the press conference, a panel of experts in the virtual asset industry discussed how to revolutionize the virtual asset industry. Adam Zhou, Managing Director of Victory […]

Hong Kong S.A.R – Media OutReach – 14 February 2023 – The year 2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Efficiency gains and the slowdown in activity have led to a sharp drop in energy prices and thus a welcome slowdown in inflation. Finally, the prospect of a rebound in China in the second half […]

By Nantoo Banerjee With government banks and financial institutions involved in massive funding in the lately stock-crashed Adani group enterprises, legislators from India’s main opposition parties are understandably concerned. Last week, even the Supreme court sought to know from the government and market regulator the steps needed to improve the regulatory and statutory mechanisms to […]

The post Debt-Heavy Adani Group May Take Time To Overcome That Sinking Feeling first appeared on IPA Newspack.

Achieved annual operating profit one year ahead of schedule TAIPEI, TAIWAN – Media OutReach – 13 February 2023 – Highlights and achievements for fiscal year 2022 Annual revenue increased to 19.4 billion yen with a 53% YoY growth rate, surpassing previous guidance of 19.2 billion yen Full-year operating profit target reached one year ahead of schedule, with operating margins at 0.3% and improving by 9 percentage points […]

By Arun Kumar Shrivastav Indian tourism market is slowly but surely taking the centre stage. With Ganga Vilas, India is setting the stage for high-budget tourism products. That could bring a paradigm shift in the way the Indian tourism market is looked at. A four-day meeting of the G20 Tourism Working Group was held from […]

The post Indian Market Has Been Drawing Big Attention Of Global Tourism Industry first appeared on IPA Newspack.

RIYADH: Saudi Arabia’s real estate market is up for positive growth in 2023, with the post-pandemic recovery of the tourism sector being the key indicator within the hospitality sector, revealed the

WASHINGTON, D.C., US – Media OutReach – 8 February 2023 – Vietnam’s agriculture is transforming from quantity targets towards profit, environment and farmer income targets. Ahmed Eiweida, Vietnam Sector Leader for Sustainable Development (World Bank). For decades, Vietnam’s agriculture followed the targets of production volume. This growth model has failed to take account of income returns to farmers and all other environmental costs. This leads to a […]

By Dr. Gyan Pathak India’s labour market remains volatile. The month of January 2023 witnessed a large number of unemployed moving out from the labour market after they got frustrated after months of searching jobs. This act of the unemployed excluded their count as unemployed resulting in fall in unemployment rate from 8.3 per cent […]

The post Labour Market Remains Volatile With Fall In LPR first appeared on IPA Newspack.

The establishment of the new office was announced on the sidelines of the UAE-Hong Kong Business Forum in the presence of Honourable John Lee, Hong Kong’s Chief Executive, with attendance of a high-level delegation. At the forum, Dubai Chambers and HKTDC signed an MoU to enhance collaboration for the support and advancement of mutual goals including fostering a positive economic environment and developing trade relationships and business […]

SINGAPORE – Media OutReach – 9 February 2023 – Aon plc (NYSE: AON), a leading global professional services firm, has named Stephen Rudman as head of Marine for Asia, effective January. Based in Singapore, Rudman will be part of Aon’s global marine executive team and report to Paul Young, head of Commercial Risk Solutions for Asia at Aon. He joins Aon from Gallagher, where he worked for […]

By Prabhat Patnaik Gautam Adani’s calling Hindenburg’s allegations of fraud against him an attack on the Indian nation is a matter of particular significance. Just before this episode, the BBC documentary on Modi had been labelled a product of the colonial mindset by the government and hence also construed to be an attack on the […]

The post Narendra Modi-Adani Combination Is The Symbol Of Corporate-Hindutva Alliance first appeared on IPA Newspack.

The infighting within Congress has led to a political turmoil in Maharashtra and now, Shiv Sena (UBT) has jumped into the controversy. Sena mouthpiece ‘Saamana’ has targeted Congress state chief Nana Patole, saying his “immature” step of abruptly resigning from the position of Speaker in the State Assembly cost the MVA government very dearly, putting […]

The post Sena blames state Cong chief for MVA govt toppling first appeared on IPA Newspack.

By Saifur Rahman Dubai emirate’s state-owned utility, Dubai Electricity and Water Authority (DEWA), reported a Dh11.1 billion standalone net profit that includes the sales proceeds of its shares in district cooling subsidiary Empower. DEWA reported a 22 percent growth in consolidated net profit of Dh8 billion on Dh27.4 billion annual turnover, which was 15 percent higher when compared to 2021. This is the first time DEWA, which […]

By Arun Srivastava While the 140 crores Indians, even those spread across the world, were impatiently awaiting a resilient rebuttal from their prime minister Narendra Modi to the allegations levelled by the Congress leader Rahul Gandhi against him of patronising and promoting corporate giant Gautam Adani, who allegedly indulged  in financial irregularities and fraud, Modi, […]

The post Narendra Modi Beats His Own Drum In Lok Sabha Speech Without Touching Adani first appeared on IPA Newspack.

By Krishna Jha Prime Minister Narendra Modi has blocked the demand raised by the Opposition in the Parliament for an enquiry to be monitored by the Supreme Court or to set up Joint Parliamentary Committee to investigate the Adani group’s manipulations of the stock market and fraud and into the allegations levelled against the industrialist […]

The post Prime Minister’s Refusal To Probe The Fraud In Adani Group Smacks Of An Unholy Alliance first appeared on IPA Newspack.

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