India

While STEM focus in education is important, it is equally important and necessary to focus on critical streams such as economics to build sufficient talent capacity as a nation At a time when the world is going through geopolitical and economic instability, the emergence of India as an economic and political powerhouse and a force to reckon with assumes the greatest significance. Our country is on the threshold of a major transformation with our Hon'ble PM Shri Narendra Modi steering it with his…


The GoM, headed by Meghalaya Chief Minister, has recommended that online gaming should be taxed at full value of the consideration, including contest entry fee paid by the player on participating The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said......


Telecom and IT Minister Ashwini Vaishnaw said that semiconductor plant proposals received under Rs 76,000 crore Semicon Mission by the government are under evaluation. The indigenous 5G technology developed by the TCS-CDoT-led consortium has the potential to win global deals as people the world over are looking for trusted telecom solutions and no country can match the level of trust India can bring in, Telecom and IT Minister Ashwini Vaishnaw has said....


2022-06-26

So far this month, at least six AMCs -- including PGIM India Mutual Fund (MF), Sundaram MF, Baroda BNP Paribas MF, LIC MF and Franklin India MF -- have filed offer documents with Sebi seeking its approval to launch new schemes After a temporary pause, asset management companies are gearing up to launch new mutual fund schemes from the next month as capital markets regulator Sebi's three-month ban on the introduction of new fund offerings nears its end.....


Constitutes 10 sectoral group of secretaries aimed at reducing interference in the lives of the citizens, building modern infra Prime Minister Narendra Modi‘s vision for governance in India in 2047 envisages....


After Meesho, travel tech startup EaseMyTrip is the latest to be informed about smear campaigns against the companay on Twitter In the first week of June, e-commerce unicorn Meesho sent legal notices to some social media influencers for posting negative reviews of the company. Recently, the person who brought to light the smear campaign against Meesho, Ravisutanjani Kumar, vice president, partnerships, Testbook also revealed on Twitter that competitors are defaming travel tech startup EaseMyTrip…


The Reserve Bank of India’s (RBI’s) move to disallow loading prepaid payment instruments (PPIs) from credit lines may affect 8-10 million customers who are part of the “buy now pay later” (BNPL) universe, say players who are feeling the heat owing to the regulatory diktat.....


We want to focus on quick commerce, says Zomato chief Deepinder Goyal Zomato’s board has approved the acquisition of quick commerce company Blinkit for ₹4,447 crores or $570 million. The acquisition has happened at a discounted valuation as compared to Blinkit’s unicorn valuation ($1 billion) in 2021. Post the acquisition, the Blinkit team and CEO Albinder Dhindsa will continue to run the company as an independent entity and app....


There are signs that inflation may be peaking, says RBI Dy Guv Michael Patra Asserting that India was weathering the inflation storm well, RBI Deputy Governor Michael Patra said the central bank is hopeful that it will be able to bring inflation back to target within a two-year time span. If the monsoon brings with it a more benign outlook on food...


Will allow customers to make informed decision, also help in exports, says Minister Gadkari India will soon set up a domestic testing authority called Bharat NCAP (New Car Assessment Programme), which will provide star ratings to vehicles based on their performance in crash tests The Government, on Friday, approved the draft notification to introduce Bharat NCAP, a crash test programme, wherein automobile manufacturers can send their vehicles to get crash-test ratings.....


Middle East

The Saudi stock exchange Tadawul targets to introduce single stock futures (SSFs) on July 4, as part of continuous efforts to attract investors to the local market.   Key details The move will “enable local and international investors to hedge and manage portfolio risks more effectively as well as diversify products available for trading and hedging in the market,” Tadawul said Sunday in a statement......


2022-06-26

Dubai’s Roads and Transport Authority (RTA) has finalised a master plan for investing its data in line with the provisions of Law No 26 of 2015 Regulating Data Dissemination and Exchange in Dubai and subsequent policies. The law, which is aligned with the UAE Vision 2020, supports the pillars of a competitive economy driven by knowledge and innovation. The ultimate objective is to place the UAE at the heart of important economic transformations that the world is expected to witness in future. …


The vision of Kuwait’s government is to transform the nation into a regional and international financial and trade hub under the tenets of the Kuwait Vision 2035. The backbone of this transformational vision is ICT, which is essential to drive economic diversification, job creation, and global competitiveness. Kuwait ranks highly on global ICT development indicators, benefiting from near-universal internet penetration, increasing 5G coverage, and growing digital services. The state is moving t…


2022-06-25

All the commercial and government berths, as well as liquid and bulk material facilities at the Port of Duqm in the Special Economic Zone at Duqm (Sezad), are progressing at a fast pace. “The company is relentlessly working with the Public Authority for Special Economic Zones and Free Zones (Opaz) on the installation of new cranes which would make a difference in the handling of containers at the port,” Reggy Vermeulen, Chief Executive Officer of Port of Duqm Company, said...


2022-06-25

“Tamkeen” continues to meet the supported enterprises to understand their future plans and encourage their growth and expansion through the optimal utilization of resources  The Labour Fund “Tamkeen” is continuing to hold its series of meetings with several enterprises who have received support through the recently launched programs. These programs were designed to increase productivity and achieve positive impact in the local economy, in line with the national priorities and the econom…


2022-06-25

Qatar Airways is seeking partnership with other Gulf Airlines, including Saudia, to increase the flow of football fans to Doha as Qatar is preparing to host the World Cup in November. Akbar Al-Baker, Qatar Airways Group CEO, told Arab News during the International Air Transport Association Annual General Meeting in Doha that the airline has tied up with flydubai, Kuwait Airways, Oman Air and Saudia to connect match ticket holders to Doha......


2022-06-25

The head of the Kingdom’s Saline Water Conversion Corp. said he expects the transfer of SWCC’s assets to the PIF-owned Water Solutions Co. to take up to three years. The Saudi cabinet has announced yesterday that it will stop the privatization of SWCC and move all its assets to WSC. In an exclusive interview with Arab News, the governor of SWCC Abdullah Al Abdulkarim said: “We are planning to do it within 18 to 20 months, but it might take three years.”....


The Careem Food and MUNCH:ON teams will work together to introduce low-cost meal segments that the latter has pioneered in the region, as well as new food discovery and delivery options for corporates. Careem, the MENA region's leading multi-service platform, announced Friday its acquisition of the UAE-born subscription-based food delivery platform, MUNCH:ON.....


Yalla Fel Sekka co-founders shares how they dealt with economic instability, local competition for talent, and the fact that Egypt doesn't have postal codes. Demand for last-mile delivery is predicted to grow 78% globally by 2030, and emerging markets are at the front of the line to offer the service. But they also face some of the biggest obstacles. In our home country of Egypt, we launched our startup, Yalla Fel Sekka (YFS), in 2020, seeking to transform last-mile delivery for businesses the…


2022-06-25

HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcomed HE Sekiguchi Noboru, Consul General of Japan to Dubai and the Northern Emirates. Maya Tokoh, Vice Consul, Economic Section and Kimura Taro, Vice Consul, Economic Section attended the meeting. Al Tayer emphasised DEWA’s eagerness to consolidate the levels of cooperation, friendship, and joint action with all diplomatic and consular missions in the UAE, including strengthening strategic cooperation …


South East Asia

2022-06-26

Smart manufacturing is the key for the industry to stay ahead of the competition as well as bring opportunities for businesses to make a difference. In this, Ericsson is committed to working alongside both foreign and local companies in Vietnam that share the same vision. At the talk show Digital transformation with 5G – The Path to Smart Factories in Vietnam hosted by VIR, Seck Yee Chung, member of the Steering Committee of the Vietnam Business Forum's Digital Economy Working Group said, “…


2022-06-26

Malaysia is expected to spend 77.3 billion ringgit (US$17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday. Prices of goods have jumped in Malaysia in recent months due to supply chain disruptions, labour shortages and the impact of war in Ukraine. Food inflation rose 5.2% from a year earlier in May, the highest since November 2011, government data showed this week....


2022-06-26

New demands on corporates, summit finale told The global community concept of ESG (Environmental, Social, and Corporate Governance) should be regarded as a “new normal”’ on the road to achieving sustainable development goals, a conference for female CEOs acknowledged on Saturday. Advocates of the view that company profits should be shared among the workforce, rather than flowing back into the pockets of owners, made their case on the last day of the 2022 Global Summit of Women (GSW), as t…


2022-06-26

FocusEconomics has raised the gross domestic product (GDP) growth forecast for the Philippines to 6.9 percent this year, from an earlier 6.7 percent estimate, to remain the fastest growing economy in Southeast Asia. The Barcelona-based think tank said it expects the economic momentum to be carried over by the faster-than-anticipated 8.3 percent growth in the first  quarter, from a 7.8 percent growth in the fourth quarter.....


2022-06-26

You have booked a meeting room in NUS’ SDE4 where the rooms have their lights and cooling system powered down by default. As you enter the meeting room at the allocated time, you find that the room has been cooled at just the right temperature, comfortable for all attending the meeting. Occupant thermal comfort in an indoor environment does not have to come at the expense of the environment, as SDE4 has demonstrated. The highly energy efficient building at the top of Architecture Drive was rec…


The collective trademark of Sen Kra’op (SKO) fragrant rice and Damnoeb Sbai Mongkul (DSMK) Cambodian premium glutinous rice was inaugurated to increase exporters’ confidence and boost exports of milled rice to the global markets. At the inauguration, Minister of Commerce Pan Sorasak hailed the registration process of the two classes of rice, under a single collective trademark, as a sign of progress for the Cambodian rice sector at all levels, from the actors involved in the preparation of t…


ING BANK N.V.-Manila will leave the Philippine retail banking market before 2022 ends, just about three years after its foray into the space, due to uncertain global conditions that affected its operations in the country. “ING’s retail business in the Philippines was intended as the first step and foundation for a broader Asia retail banking plan. Since its launch in 2018, the business has demonstrated good progress, commercial momentum and growth potential,” the lender said in a statement…


2022-06-25

The aviation industry is finally seeing signs of optimism as it tries to rebound from a major crisis, although the recovery path appears to be uneven across the globe, particularly in Asia-Pacific as a result of remaining restrictions. The restrictions are hampering a region that still lags the rest of the world in terms of aviation activity, said Philip Goh, regional vice-president for Asia-Pacific at the International Air Transport Association (IATA).....


2022-06-25

The COVID-19 pandemic has been brought under control, and life for most people returned to normal. However, non-cash payments, encouraged during the pandemic to limit contact, have become popular among many people.The pandemic accelerated this payment form towards a cashless society as oriented by the Government and the State Bank of Vietnam (SBV)....


2022-06-25

Pertama Digital Bhd (PDB) today announced steps to complete the disposal of its foreign assets in China that deal with fabric manufacturing to focus on its mobile and digital solutions businesses. Before changing its name, the company operated as Sinotop Holdings Bhd. It produces and sells fabric goods through BeTop Group Ltd and its wholly-owned Top Textile (Suzhou) Co Ltd..... More https://bit.ly/3bsnbSb Via: nst.com.my