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By Binoy Viswam ‘Atma Nirbhar Bharat’ of RSS-BJP mould has decided to open its doors before foreign universities to “come, see and conquer” India.  The University Grants Commission (UGC) has published the ‘proposed regulations for establishing and running campuses of foreign higher education institutions’ in the country.  Now any foreign university ranked within 500 in […]

The post Open Offer To Foreign Universities To Set Up Campuses In India Is Not In National Interests first appeared on IPA Newspack.

By Prabhat Patnaik The IMF managing director Kristalina Georgieva has now openly admitted that the year 2023 will witness the slowing down of the world economy to a point where as much as one-third of it will see an actual contraction in gross domestic product. This is because all the three major economic powers in […]

The post Contraction Of GDP In One-Third Of Global Economy In 2023 Is Ominous first appeared on IPA Newspack.

HONG KONG SAR and BOSTON – Media OutReach – 12 January 2023 – EcoCeres, Inc. (“EcoCeres” or the “Company”), an innovative biorefinery company with leading R&D capabilities, announced that it has received a significant equity investment from the leading global investor Bain Capital Private Equity (“Bain Capital”). The transaction follows Series A investment in EcoCeres from Kerogen Capital in February 2022. EcoCeres is an Asia-based advanced biorefinery […]

The new office bolsters Calastone presence in Asia and provides additional local support for the funds industry in Taiwan TAIPEI, TAIWAN – Media OutReach – 12 January 2023 – Calastone, the largest global funds network, announced the opening of its latest Asia Pacific office in Taiwan as the company extends the range of services for clients in the market. The latest expansion, together with Calastone offices in […]

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.

Industry report by SGTech and Workato reveals that 80 percent of Singapore companies deploy automation to solve productivity and manpower issues. Widening competitive gap between companies that automate and those who do not. Tapping on automation to drive business outcomes amid market uncertainty. SINGAPORE – Media OutReach – 11 January 2023 – Automation will be critical in driving productivity and performance for most enterprises in Singapore, according […]

SINGAPORE – Media OutReach – 11 January 2023 – This month, foodpanda’s brand ambassador, Pau-Pau, turns one! To commemorate this milestone, foodpanda launched its brand philosophy which encourages people to ‘live like a panda’, meaning freeing up their time and energy to pursue what really matters to them. Pau-Pau was introduced during a time when food delivery was undifferentiated with deals and discounts to personify the foodpanda […]

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Promising early-stage gaming projects will also receive advisory support from leading gaming VC Galaxy Interactive SINGAPORE – Media OutReach – 11 January 2023 – Oasys, a gaming-optimised blockchain built by gamers for gamers, has announced the launch of the Oasys Ecosystem Fund, a pioneering initiative that aims to enable new entrants to the burgeoning blockchain gaming space to better serve the market and drive mass adoption. As […]

Investment to enable STT GDC, one of Asia’s leading data centre providers, to significantly expand its European operations SINGAPORE – Media OutReach – 10 January 2023 – ST Telemedia Global Data Centres (STT GDC), a leading Singapore-based data centre provider, has closed a significant investment from Macquarie Asset Management in its European subsidiary, VIRTUS Data Centres (VIRTUS). The transaction, via Macquarie European Infrastructure Fund 7, will see […]

SINGAPORE – Media OutReach – 10 January 2023 – GEODIS is pleased to announce the appointment of June Koh as the new Human Resources Director for the newly created Asia Pacific and Middle East region. June brings a wealth of experience and expertise to the role, having worked in the field of human resources for over twenty years. Prior to joining GEODIS, June held leadership positions at […]

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 K R Sudhaman The preliminary official estimates by Ministry of Statistics has corroborated multilateral and other rating agencies forecast that India’s economic growth would be around 7 per cent in financial year 2022-2023. This only confirms that Indian economy is on a revival mode. The projected GDP growth may be less than 8.7 per […]

The post India Economy Is On A Revival Mode But Next Fiscal Will Be Challenging first appeared on IPA Newspack.

Shopee’s New Consumer Trends Report Reveals Consumer Trends Driving Seller Resilience and Relevance KUALA LUMPUR, MALAYSIA – Media OutReach – 9 January 2023 – Shopee Malaysia kickstarted the New Year by launching its three-part 2023 Consumer Trends series called ‘Adapting to Malaysia’s Digital Consumers in 2023’. The first part of the series that focuses on sellers found that 63% of Malaysian Sellers feel excited and positive about […]

2022 Net Profit Attributable to Shareholders of the Company Expected to be between HK$550 Million and HK$600 Million, Significant Year-on-Year Growth of between 43.6% and 56.7% HONG KONG SAR – Media OutReach – 9 January 2023 – Impro Precision Industries Limited (“Impro” or the “Group” or the “Company“) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical components, is pleased to announce that the Group […]

TAIPEI, TAIWAN – Media OutReach – 9 January 2023 – NEFIN Capital Taiwan Company Limited (“NEFIN Capital”), a subsidiary of NEFIN, renewable energy supplier in Asia Pacific, announces its cooperation with City Development Company Limited (“City Development”) to venture into the solar energy market in Taiwan. City Development will assess, develop and acquire solar power plants for NEFIN, and be the largest developer and development investment consultant […]

RIYADH: Saudi Arabia’s economic growth in 2023 is expected to be fueled by the robust expansion of the non-oil sector and sustained oil activity, according to a report released by consultancy firm

By Dr. Gyan Pathak The first week of 2023 has brought the signs of the beginning of even higher level of unemployment in India at 8.4 per cent than 8.3 per cent in December 2022 which was 15 months high. It is indeed a bad news, but not so bad as the Modi government’s trick […]

The post Informal Employment Sans Social Security On The Rise In India first appeared on IPA Newspack.

  By Arun Kumar Shrivastav India’s North-East has seen several major infrastructure projects in the past few years. The latest is a 57 km broad gauge railway line between India’s Kokrajhar and Bhutan’s Gelephu, for which the work is going to start this year. This would be Bhutan’s first railway project and one of the […]

The post India’s North East Gets A Big Infra Push With 57 Km Railway Line To Bhutan first appeared on IPA Newspack.

SINGAPORE – News Direct – 3 January 2023 – Global blockchain technology solutions provider ChainUp Group announced today the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, effective 3 January 2023, as part of the company’s business growth plan. In this role, Ms. Tan will work closely with the executive team to lead various key operations within the organization. […]

By K Raveendran 2023 may well be a year of gold. This is because despite several negatives the yellow metal has outperformed everything else. And with the New Year expected to unravel all that traditionally has worked in favour of gold, this asset class appears to be non-stoppable right now. IMF has warned that a […]

The post Gold Appears To Be Non-Stoppable In Its March Towards A Historical High 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 […]

HO CHI MINH CITY, VIETNAM – Media OutReach – 5 January 2023 – With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023. Securities firm VNDirect said the State Bank of Vietnam has increased policy rates by 200 basis points and this rate hike would inevitably put pressure on banks’ net interest margin this year as the cost […]

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.

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