India

The advent of new financial products and services is encouraging economic participation among people Financial literacy has gained another significant level in the modern world as many people are fostering investment practices to grow and ensure financial security after retirement. The advent of new financial products and services is even encouraging economic participation among people. However, without a proper understanding of the investment market, the chances are highly likely that you would…


Reliance might make an unsolicited offer to buy into the group or will try to get a controlling share, says Economic Times Reliance Industries Ltd is considering an offer for British telecom company BT Group Plc, the Economic Times reported on Monday, citing unnamed sources familiar with the matter. Reliance might make an unsolicited offer to buy into BT Group or will try to get a controlling share in it, the report said.....


2021-11-29

Adani Group issued a statement with respect to MSCI's action on climate change indices as it dropped Adani Ports from some of its climate change indices. Adani Ports in an exchange filing on Sunday said that the MSCI's decision on climate indices is disappointing.....


Effective December 1, travellers will have to submit 14 days’ travel details on the Air Suvidha portal before their scheduled journey In view of growing concerns over Omicron, a new variant of Covid-19, the Health Ministry on Sunday revised its guidelines for international travellers arriving in India with effect from December 1. As per the guidelines, travellers will have to submit 14 days travel details on the online Air Suvidha portal before the scheduled travel along with the self-declara…


2021-11-29

A major step towards #AatmaNirbharBharat Signal , Telecommunications Workshop, Secunderabad


Advancements in agritech with the adoption of right technology has enabled firms to redesign the farming experience with myriad benefits for farmers India has addressed the COVID-19 scenario with tenacity and a sense of self-reliance, as seen by the number of startups and innovations that have occurred during difficult times. It has shown how to overcome problems and discover opportunities, as evidenced by the reallocation of various sectors and companies that join together to participate in the…


Union Bank, Central Bank of India offer the lowest rates on personal loans Diwali may have ended in the country, but several banks continue to offer festive loan offers across categories. The concessions include lower festive rates and processing fee waivers. Union Bank of India charges 8.9 percent for a personal loan of Rs 5 lakh with a tenure of five years. The equated monthly installments (EMI) will work out to Rs 10,355. Central Bank and Punjab National Bank (PNB), too, offer the same rate.…


Variant found first in South Africa has multiple mutations, has been detected in Hong Kong, UK, Israel and Botswana. It is yet to be detected in India The Centre has directed all states to ramp up health infrastructure, enhance testing and surveillance in light of the Omicron variant of coronavirus, designated by the world health organisation as a variant of concern. The Health ministry in a letter to chief secretaries of all states has asked them to ensure that there are no delays in providing …


Platforms like Spotify, Hungama, Gaana, JioSaavn, Wynk and Amazon music now feature the programme in addition to TV, radio, NaMo App and YouTube. Prime Minister Narendra Modi's monthly 'Mann ki Baat' broadcast is now available on all major audio and music platforms which will help augment its reach, especially among the younger generation, officials said on Sunday....


2021-11-28

Samriddh Dasgupta joined premium pet care brand and retail chain Heads Up For Tails as chief marketing officer in October from Bombay Shaving Company. The pet grooming and products firm recently bagged ₹ 277 crore in its Series A funding round. It has 40 offline stores in seven metros, apart from presence online. Dasgupta said new-age consumer firms are creating unique playbooks to market their brands....


Middle East

2021-11-29

Export Bahrain and talabat have signed a region-wide agreement to facilitate the export of Made-in-Bahrain products throughout the MENA region with the aim of improving trade and business for SME exporters based in Bahrain through Talabat’s online platforms.   The agreement, which was signed at talabat’s ‘talabat kitchen,’ a two-story Cloud Kitchen showcasing the future of food at Expo 2020, by Export Bahrain Acting Chief Executive Safa Sharif Abdulkhaliq and talabat Bahrain’s Managin…


2021-11-29

he Saudi Electricity Company is transferring its ownership of its subsidiary, Saudi Power Procurement Company, to the government, the company said on a bourse filing.  SPPC is responsible for tendering renewable and conventional energy projects in order to meet the growth in the Kingdom’s power demand....


2021-11-29

Saudi Arabia’s oil giant Aramco has announced the start of its development of its Jafurah unconventional gas field in a press event on Monday.  The company’s chief executive officer, Amin Nasser, said the field, which it claims to be the largest in the world, could replace 500,000 barrels per day of oil production “at its peak.”.....


2021-11-29

The impact of Omicron, a new variant of COVID-19, on oil demand is not clear yet, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said. ....


2021-11-29

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Shoppers will have more options to choose from as more new malls are set to open in the country in coming months. Qatar’s retail market will witness the entry of new companies as six new malls are expected to open in the country by the end of next year, according to a report released by real estate consultancy firm- ValuStrat. “518,000 sqm GLA (6 malls) is in pipeline till 2022, distributed across Lusail, The Pearl, Musheireb, Umm Salal and Al Maamoura,” said the third quarter  ‘Qatar R…


2021-11-29

Three UAE ministers and government representatives from the Association of South East Asian Nations will join 40 speakers at the December 8-9 forum • H.E Reem Al Hashemi, H.E. Omar Sultan Al Olama, and H.E Dr Thani Al Zeyoudi will all deliver keynote addresses at the inaugural event• More than 25 workshops and discussions over the forum’s two days will explore array of bilateral trade and business opportunities between Dubai and ASEAN countries Three UAE government ministers will join mini…


2021-11-29

Dubai’s Roads and Transport Authority (RTA) announced the timings of its services during the holiday marking Commemoration Day and the 50th UAE National Day. The revised service timing applies to customer happiness centres, paid parking zones, public buses, metro, tram, marine transport, and service provider centres (technical testing of vehicles).  Service Provider Centres (Technical Testing Centres) and Customer Happiness Centres will be closed from Wednesday 1st December to Friday 3rd Dec…


2021-11-29

Drones form '50' for UAE National Day at Expo 2020 Dubai


The launch of Singapore’s vaccinated travel lane (VTL) arrangements with Qatar, Saudi Arabia and the United Arab Emirates will be deferred as a “precautionary move” to reduce the risk of importation and spread of the new Omicron COVID-19 variant. VTLs for these countries, originally scheduled to launch from Dec 6, will now be deferred “until further notice”, the Ministry of Health (MOH) said on Sunday (Nov 28).....


South East Asia

2021-11-29

The Philippine export industry is recovering from the pandemic's impact and is expected to further grow as economies open worldwide while stakeholders embark on a digitalization and business continuity program. The lowering of the alert levels toward the full reopening of the economy, coupled with fast-tracking of the vaccination program, are critical interventions to help achieve our recovery and growth targets, Philippine Exporters Confederation Inc. (Philexport) Chairman George Barcelon…


BUDGET carrier Cebu Pacific on Sunday said it has earned the title “greenest airline in Asia” after receiving a long-haul airliner that has a higher capacity versus other jets and even similar models. Cebu Pacific Chief Strategy Officer Alex Reyes said the Airbus A330 neo of the Filipino budget carrier features 450 lightweight Recaro seats, which allows “more travelers to be carried in a single flight, resulting in the lowest carbon footprint per passenger.”....


2021-11-29

The Philippines wants to strengthen its ties with Italy through greater trade and investments, according to the Department of Trade and Industry (DTI). During the 10th anniversary celebration of the Italian Chamber of Commerce in the Philippines Inc., Trade Secretary Ramon Lopez said there is still a lot of room for opportunities for the countries’ bilateral economic relations.....


2021-11-29

Business reporters of The Philippine STAR were recognized for their coverage of their respective beats last year at the 30th Economic Journalists Association of the Philippines (EJAP) Business Journalism Awards. EJAP, the premier organization of business reporters and editors in the country, in partnership with the Ayala Group of Companies, announced the winners last Nov. 25, through a virtual ceremony held amid the ongoing COVID-19 pandemic.....


2021-11-29

Dagang NeXchange Bhd (DNeX) business unit, SilTerra Malaysia Sdn Bhd (SMSB), has entered into a multi-year wafer supply and purchase agreement with ILI Technology Corp (ITC), a touch controller and integrated driver circuit (IC) fabless design house based in Taiwan. Under the agreement terms, SMSB will work with ITC on technology development and wafer manufacturing for touch controller and display driver (IC) for the industrial and home appliance markets....


2021-11-29

Indonesian President Joko Widodo on Monday said his government would ensure legal certainty for investment, after a court last week ruled a controversial job creation law was unconstitutional. The court said there were procedural flaws in formation of the legislation passed last year, which saw the revision of more than 70 existing laws, and told the government to amend it within two years.....


2021-11-29

Thai exports are expected to grow 17% this year, the highest growth rate in 12 years, the country's finance minister Arkhom Termpittayapaisith said on Monday. Mr Arkhom also told an online forum that gross domestic product next year should grow around 4% or in a range of 3.5% to 4.5%.     The economy shrank by 0.3% in the third quarter, as Covid-19 restrictions hit tourism and domestic activity, though the drop was less than expected...


Bank Indonesia (BI) forecasts a significant acceleration in loan disbursement next year as it plans to encourage banks to reduce excessive liquidity and spur lending to buoy a recovering economy. Credit growth is forecast to stand between 6 and 8 percent next year, picking up from between 4 and 6 percent this year, according to BI Governor Perry Warjiyo.This article was published in thejakartapost.com with the title "BI expects rapid loan growth in 2022". Click to read: https://www.thejakarta…


Newly published research by the Social and Economic Research Institution at the University of Indonesia Economy and Business School (LPEM FEB UI) has revealed that the presence of Grab has boosted economic activity in Kupang, East Nusa Tenggara, and Jayapura, Papua, highlighting the benefits of digital technology for the regions. The research studied the luminosity of night lighting in Kupang and Jayapura, discovering that the level of luminosity of smaller areas in Kupang and Jayapura when comp…


The launch of Singapore’s vaccinated travel lane (VTL) arrangements with Qatar, Saudi Arabia and the United Arab Emirates will be deferred as a “precautionary move” to reduce the risk of importation and spread of the new Omicron COVID-19 variant. VTLs for these countries, originally scheduled to launch from Dec 6, will now be deferred “until further notice”, the Ministry of Health (MOH) said on Sunday (Nov 28).....