Tag: Economy
17 Results
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Rural demand in India to rebound: Morgan Stanley
A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand rebound in India, said Morgan Stanley on Wednesday.
October 12, 2022 -
Mixture of factors may shake India’s sovereign ratings: S&P Global
India is facing a mixture of factors that may shake its sovereign credit metrics and amid external turbulence, its foreign exchange reserves are falling, while the current account deficit is rising, said S&P Global Ratings on Wednesday.
October 12, 2022 -
World could lose $4 tn in economic output between now and 2026: IMF
The global economic outlook is darkening and the risks of recession are quickly rising as per the International Monetary Fund, which said it will once again lower its growth projections, CNN reported. “We estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or …
Continue reading "World could lose $4 tn in economic output between now and 2026: IMF"
October 7, 2022 -
Struggling businesses urge govt to continue with loan moratoriums
The government has been urged to introduce a special loan moratorium to support struggling businesses affected by the Covid-19 pandemic.
October 5, 2022 -
Worst Thai flood in years inflicts damage to crops, puts tourism revival at risk
An estimated 1.2 million rai (160,000 hectares) of agricultural land was hit by flooding with almost 82,000 houses damaged across 510 districts in 72 provinces, according to official data.
October 5, 2022 -
ADB: China’s economy to stay resilient
There is a combination of issues that many countries in developing Asia are facing but we do see the Chinese government responding quite strongly to some of these headwinds through a combination of fiscal and monetary policy measures," said Safdar Parvez, advisor at the East Asia Department of the ADB, during a virtual media briefing.
September 30, 2022 -
China will face increasing isolation, says Gautam Adani
Adani listed out increasing nationalism, supply chain risk mitigation, and technology restrictions among the challenges that could impact the second largest economy in the world.
September 29, 2022 -
More than 1 in 2 senior business executives see recession looming: Report
More than one in two senior business executives globally (59 per cent) believe there will be a recession in the coming year, according to an IDC survey.
September 24, 2022 -
Experts: US Fed’s tightening may undermine world economy
Nevertheless, the central bank may turn more cautious toward reducing benchmark lending rates and the required reserves of banks in the rest of the year, due to the need to balance between the goals of growth stabilization and foreign exchange market stability, Cheng said.
September 23, 2022 -
ADB lowers developing Asia’s 2022 growth forecast to 4.3%
"However, the continuing invasion of Ukraine has heightened global uncertainty, worsened supply disruptions, and unsettled energy and food markets."More aggressive monetary tightening by the US Federal Reserve and the European Central Bank is denting global demand and rattling financial markets,” he added.
September 22, 2022 -
Indian economy resilient; accumulate stocks on correction: Report
The Indian economy is resilient and has shown strength despite weakness across the globe whereas any correction in its equity markets should be utilized as an opportunity to invest for the long-term, said financial services firm Emkay Wealth Management.
September 20, 2022 -
Some Singapore staff affected in Shopee’s latest job cuts
The joint statement by Shopee and CMPU said that employment facilitation and assistance, including career coaching and job matching services via CMPU's network and the National Trades Union Congress' e2i (Employment and Employability Institute), will be offered if required.
September 20, 2022 -
Singapore, India sign agreement for fintech firms to market-test products
The regulators will also facilitate cooperation between Indian and Singaporean fintech companies under the agreement.
September 19, 2022 -
India to become 10 trillion-dollar economy by 2030: Hardeep Singh Puri
Highlighting the progress in the Energy sector, Hardeep Singh Puri said that today modernization and digitization have become an imperative rather than a choice.
September 16, 2022 -
Inflation and supply disruptions top risks for Emerging Asia: Moody’s
Inflation and supply chain disruptions are the biggest risks over the next 12-18 months in Emerging Asia -- China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, according to a poll conducted by global rating agency Moody's Investors Service.
September 13, 2022 -
India as an economy in 2047 can be seen as powerhouse driving global growth: Piyush Goyal
India as an economy in 2047 can be seen as a powerhouse driving global growth, Goyal said as he invited the business community of Southern California to invest in India.
September 11, 2022 -
Awaiting Redemption
Muslim leaders feel that this rhetoric is peddling anti-Muslim sentiments in a climate when Muslims are already feeling alienated and marginalized.
September 10, 2022