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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 […]

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.

By Sushil Kutty What does the 2023-24 budget mean for the BJP in fighting the coming polls, including the nine in 2023, and the one in 2024? A simple question, with a simple answer: Budget 2023-24 has been drafted as a saviour! The BJP wants to win as many of the nine assembly elections as […]

The post Last Full Budget Before 2024 Polls Has Potential To Help BJP In Its Campaign first appeared on IPA Newspack.

By K Raveendran Increased tax collections in view of a post-Covid pickup in the economy, easing of commodity prices as part of a global trend and lower subsidies on account of a reduction in food and fertilizer subsidy, apart from the withdrawal of Covid-related reliefs have given finance minister Nirmala Sitharaman a lot of elbow […]

The post Relatively Favourable Conditions Help Finance Minister Go For A Capex Boost 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 […]

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SINGAPORE – Media OutReach – 1 February 2023 – Chubb has announced the appointment of Omar Ghaznawi as Regional Head of International Personal Lines (IPL) for the Asia Pacific region, effective 1 February 2023. He will be responsible for managing and developing the region’s automobile, residential, specialty personal lines, and high-net-worth insurance businesses. Omar is currently based in New York as Vice President, Global Head of Residential, […]

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 […]

Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE – Media OutReach – 31 January 2023 – Oasys, a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank, a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, […]

By Kalyani Shankar One of the important businesses in Parliament is the annual budget presentation. This year too, on February 1, Union Finance Minister Nirmala Sitharaman will present the 2023 budget. Why is a budget important? It gives a bird’s eye view of the government’s fiscal policy and how it will distribute resources. The 2023 […]

The post Narendra Modi Govt’s Last Full Budget On February 1 May Have Some Surprises first appeared on IPA Newspack.

By Subrata Majumder Chinese official English daily “Global Times” reiterated recently in its column that India’s policy initiative to reduce imports from China would backfire. It said “India needs integration, not protection”. In another argument, given the Apple’s Inc shifting to India, Global Times jeered, “Apple, facing softening demand, can hardly make India a manufacturing […]

The post India’s Imports Of Components From China Are Finally Coming Down first appeared on IPA Newspack.

Gautam Adani’s group on Sunday likened the damning allegations made by short seller Hindenburg Research to a “calculated attack” on India, its institutions and growth story, saying the allegations are “nothing but a lie”. In a 413-page response, Adani Group said the report was driven by “an ulterior motive” to “create a false market” to […]

The post Adani refutes Hindenburg charges as ‘attack on India’ first appeared on IPA Newspack.

Both companies are striving for net zero carbon emissions by 2050 and prioritize green operations as part of their ESG agenda BANGKOK, THAILAND – Media OutReach – 30 January 2023 – In a joint effort to drive a greener supply chain, Big C Supercenter, “The Thai Retailer with Customers at its Heart” the leading grocery retailer in Thailand, and DHL Supply Chain Thailand, the global market leader […]

SINGAPORE – Media OutReach – 30 January 2023 – For the tenth year in a row, SABIC, a global leader in the chemicals industry, has been recognized as the “top employer Asia Pacific” by the Top Employer Institute, a globally accredited certification body. SABIC’s focus on empowered, people-centric leadership, and embrace of technology that makes processes simpler and easier, have been key to its continued success as […]

RIYADH: Golf in the Kingdom is set to embark on the next phase of its growth with the appointment of Noah Alireza as new CEO of Golf Saudi, who succeeds Majed Al-Sorour. Alireza, a former member of

By P. Sreekumaran THIRUVANANTHAPURAM: There is no mistaking it. Kerala has erased its image of being an investment-hostile State despite the campaign of misinformation being peddled day in and day out by the Opposition parties. Two recent developments have knocked the stuffing out of the argument of the Cassandras and doubting Thomases.  Firstly, Kerala’s Startup […]

The post Kerala Is Now Attracting Large Number Of Investors first appeared on IPA Newspack.

By Dr. Gyan Pathak PM Narendra Modi’s assertion during his very first “Rozgar Mela” of 2023, that opportunities for employment and self-employment are continuously improving, was made in contradiction to the facts. There’s a serious distortion in the Indian job market which needs urgent redressal, instead of hollows claims that enormously understate the extraordinary sufferings […]

The post Serious Distortion In Indian Job Market Needs Urgent Redressal first appeared on IPA Newspack.

By Saifur Rahman  The total value of land and property sale and mortgage jumped 76.5 percent to US$143.86 billion (Dh528 billion) in 2022, from US$81.74 billion (Dh300 billion), in 2021, according to the Dubai Land Department, the emirate’s land and property registry. This is the first time the land and property transactions value crossed the Dh500 billion record and marks a new milestone in the history of […]

By Prakash Karat The union budget for 2023-24 is to be presented before parliament on February 1, 2023 at a time when both the Indian as well as world economies face a grim situation. Notwithstanding the tall claims of the Modi government, India’s economy is yet to recover from the crippling effects of the Covid […]

The post 2023-24 Budget Proposals Must Be Aimed To Tilt Distribution In Favour Of Masses first appeared on IPA Newspack.

By Dr. Gyan Pathak India is now the most populated country in the world with a very high rate of urbanization that is expected to reach 41 per cent by 2030 according to the latest estimate of the World Bank in 2022. In 2021, the urbanization rate was 35 per cent as against 26 per […]

The post Lessons For High-Speed Rail Development In India Amidst Defects first appeared on IPA Newspack.

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