Indonesia’s fastest expansion in 9-year faces new risks Just as the pace of Indonesia’s economic growth returned to pre-pandemic levels, a slowing global economy has emerged as the biggest threat to sustaining that performance. Data on Monday showed gross domestic product growth accelerated 5.31 percent last year, bringing Southeast Asia’s largest economy back to its pre-pandemic trajectory of about 5 percent annual growth. That was also the fastest pace since 2013 and was in line with the 5.3 percent median estimate in a Bloomberg survey. The “impressive” pace of growth in 2022 was largely supported by domestic consumption, as Indonesia…
Author: S. Kamal Hayder Kazmi
Some Current News from the Shipping Market All Around the World: A look into the Greek maritime fleet To Mark the start of Capital Link Annual Greek Shipping Forum this week, we take a look at the Greek Maritime fleet using VesselsValue data. The infographic highlights the Greek fleet breakdown by vessel type, top owning nations, S&P transactions, top Greek owners, CII distribution, and the most valuable Greek vessels. Bulkers are the most popular vessels within the Greek fleet, with a total of 2,272 vessels, followed by Tankers with 1,450 vessels and Containers with 430 ships. Tankers are the most…
Indore: increase import duty on edible oil to curb the falling prices There is need to increase the import duty on edible oils to curb the falling prices of the commodity in the domestic market. It is also necessary to avail better prices to oilseed cultivators. The Soyabean Processors Association (SOPA) made the demand of this regard is made to Union commerce and industry minister Piyush Goyal. SOPA has sent a memorandum to the minister. DN Pathak, executive director of SOPA informed on Tuesday that we have brought the facts in the attention of the minister that prices of edible…
Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for,” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; other wise, the acquisition is likely to fail. The worst acquisition record of the last decades of the twentieth century was that of Peter Grace, the longtime CEP of W. R. Grace. He was a brilliant man. He set out in the 1950s to build a world-class multinational through financially-based acquisitions. He assembled the ablest group of financial analysts and had them…
According to the latest World Bank study, the world is improbable to meet the goal of ending extreme poverty by 2030 absent history-defying rates of economic growth over the remainder of this decade. The study also finds that since 1990, Covid-19 dealt the biggest setback to global poverty-reduction attempts and the war in Ukraine threatens to make matters worse. As the world’s poor faced two extraordinarily tough years, the Bank estimates that these combined crises will lead to an additional 75 million to 95 million people living in extreme poverty in 2022, compared to pre-pandemic projections. If the more pessimistic…
International research identified that small medium enterprises (SMEs) are essential agents of inclusive growth. These businesses collectively employ greater people than enterprises of any other size. Mainly in the developing world, small businesses sustain the livelihoods of hundreds of millions of people, offering much-needed career opportunities for low-skilled workers and rural communities. As such, small businesses require and deserve external support, but its effective and efficient delivery is no easy feat. SMEDA Over The Counter (OTC) Services Sr. No. Initiatives July-March FY2022 1. SME Facilitation 4,314 2. Pre-feasibility Studies Development (New & Updated) 68 3. Investment Facilitation (RS million) 579.5…
Microfinance Industry In Pakistan (Rs billions) Indicators FY21 FY22* Annual Growth Number of Branches 3,782 3,823 1.1% No. of Borrowers 8,031,941 8,122,085 1.1% Gross loan portfolio 355.7 392.6 10.4% Average Loan Balance (in Rs) 44,286 48,335 9.1% *up to December 2021 Source: PMN MicroWatch , various issues Pakistan: National Poverty Line And Headcount Year Poverty Line National Urban Rural 2005-06 1277.74 50.4 36.6 57.4 2007-08 1543.51 44.1 32.7 49.7 2010-11 2333.35 36.8 26.2 42.1 2011-12 2600.15 36.3 22.8 43.1 2013-14 3030.32 29.5 18.2 35.6 2015-16 3250.28 24.3 12.5 30.7 2018-19 3757.85 21.9 11.0 28.2 Source: Ministry of Planning, Development &…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jan 20 2023) Currency Symbol Buying Selling Australian Dollar AUD 174 175.25 Bahrain Dinar BHD 613 617.5 Canadian Dollar CAD 186 187.35 China Yuan CNY 34.02 34.27 Danish Krone DKK 33.42 33.77 Euro EUR 270 272.5 Hong Kong Dollar…
France stocks lower at close of trade France stock were lower after the close on Thursday, as losses in the Consumer Services, Healthcare and Foods & Drugs sectors led shares lower. At the close in Paris, the CAC 40 declined 1.86 percent, while the SBF 120 index fell 1.81 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 410 to 145 and 69 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high. Gold Futures for February delivery was up 0.77 percent…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] December 2022 6.5% 6.5% United Kingdom [+] December 2022 10.5% 10.5% Germany [+] December 2022 8.6% 8.6% France [+] December 2022 5.9% 5.9% Japan [+] December 2022 4.0% 4.0% Spain [+] December 2022 5.7% 5.7% Italy [+] December 2022 11.6% 11.6% Portugal [+] December 2022 9.6% 9.6% Greece [+] December 2022 7.2% 7.2% Ireland [+] December 2022 8.2% 8.2% Equatorial Guinea [+] November 2022 4.9% 4.6% Guatemala [+] December 2022 9.2% 9.2% Latvia [+] December 2022 20.9% 20.9% Morocco [+] December 2022 8.3% 8.3% Moldova [+] December 2022…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
The IMF and Sri Lanka are partners in delusion The International Monetary Fund (IMF) is in command of Sri Lanka’s economy, barking orders and making demands in an effort to restore macroeconomic stability. The pattern is a familiar one. Back in April 2022, Sri Lanka’s currency collapsed, having depreciated by 44 percent against the U.S. dollar since President Gotabaya Rajapaksa took office in 2019, and, according to our measure, inflation reached a stunning 74.5 percent per year. Sri Lanka even suspended payments on its external debt. Then the IMF fire brigade arrived. On September 1, 2022, the IMF reached a…
LNG delivering decarbonisation SEA-LNG is pleased to share its overview of LNG as a marine fuel in 2022-2023 with you. This resource highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2022 and outlines what progress is anticipated in 2023. The document is illustrated with infographics and contains key statistics on the sector that we encourage you to use. 2022 was another very strong year for LNG vessel orders, with numbers almost equalling those in 2021, the record year to date, despite exceptionally high LNG prices. The growing, multisector orderbook and continuing build-out of infrastructure…
Smart thinking will boost local rice production – agribusiness practitioner Ghanaian radio personality and agribusiness practitioner, Kojo Akoto Boateng, has stressed the need for policymakers to think smartly in boosting rice production in Ghana. According to him, the cultivation of local rice will become more successful if industry players use smart approaches in their work. Speaking on Joy FM’s Super Morning Show on Wednesday, he explained that the country’s failure to maximize its rice production is due to the absence of smartly conceived policies. He however noted that if policies in relation to rice are smartly formulated, Ghana’s rice production…
EVA as a Productivity Measure Until a business returns a profit that is greater than its cost of capital, it does not create wealth, it destroys it. Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost…
International sources recorded that strategies of host countries have a significant influence on foreign investment decisions. Host countries can adopt strategies of stimulating foreign investment or they can restrict foreign participation in their economies in various ways. It is also recorded that host country strategies and policy pronouncements affect the perception of “political risk” by transnational corporations (TNCs) and thereby the amount of investment of these companies. In addition, host country strategies can be instrumental in channeling investment flows toward sectors considered to be of particular importance to the country’s development. Given its fragile balance of payments (BoP) position and…
Income distribution in poverty alleviation also matters. A highly unequal income distribution makes it harder to decline poverty. Reducing the income inequality will raise the numbers who benefit from the same rate of economic growth. Conversely, higher inequality will require even greater growth to yield the same reduction in poverty, according to the Government of Pakistan statistics. Over the years, in Pakistan, the pattern of income distribution measured in terms of the Gini Coefficient and household income share of the lowest and the highest 20 percent for rural and urban regions has been mixed and moderate. In the report, it…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Rs. in Million) Sector/Industry 2016-17 2017-18 2018-19F 2019-20R 2020-21P Commodity Producing Sectors (A+B) 4,682,467 4,884,508 4,858,172 4,841,943 4,995,212 Agricultural Sector ( 1 to 4 ) 2,253,565 2,343,614 2,356,827 2,434,850 2,502,181 1. Crops ( i+ii+iii) 832,744 871,796 828,596 874,504 896,102 i) Important Crops 534,659 553,693 511,129 537,929 562,964 ii) Other Crops 244,703 260,026 266,791 288,344 292,420 iii) Cotton Ginning 53,382 58,077 50,676 48,231 40,718 2. Livestock 1,326,948 1,375,986 1,428,608 1,458,624 1,503,254 3. Forestry 45,505 46,679 50,076 51,880 52,617 4. Fishing 48,368 49,153 49,547 49,842 50,208 Industrial Sector ( 1 to…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Jan 06, 2023) Currency Symbol Buying Selling Australian Dollar AUD 162 163.25 Bahrain Dinar BHD 604 608.5 Canadian Dollar CAD 172 173.35 China Yuan CNY 32.41 32.66 Danish Krone DKK 32.17 32.52 Euro EUR 264.5 267 Hong Kong Dollar HKD…
European stocks climb at open European stock markets rose at the open Friday, as traders looked ahead to key US jobs data later in the session. London’s benchmark FTSE 100 index gained 0.3 percent to 7,655.65 points, building on a positive start to the year for stock markets generally. In the eurozone, Frankfurt’s DAX index climbed 0.2 percent to 14,468.60 points and the Paris CAC 40 won 0.3 percent to 6,781.14. Japan’s Nikkei ends higher Japan’s Nikkei share average reversed early losses to end higher on Friday, as investors bought back beaten-down stocks with the yen weakening against the dollar.…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 12/29/2023 262.77 -86.89% -86.89% -86.89% 0 0 CSE [+] 12/30/2023 89.55 -1.22% -1.22% -1.22% 0 0 PX [+] 01/05/2023 1,242.31 1.00% 3.38% 3.29% -12.95% 3.38% OMXC20 [+] 01/05/2023 1,860.81 -0.51% 1.39% 2.28% 2.57% 1.39% EGX30 [+] 01/05/2023 16,002.18 2.86% 9.62% 11.69% 32.87% 9.62% OMX Tallinn [+] 12/30/2023 1,766.73 -1.28% -1.28% -1.28% 0.41% 0.41% OMX25 [+] 01/05/2023 4,968.26 0.58% 2.96% -0.75% -12.76% 2.96% GSE Ghana [+] 01/05/2023 2,443.91 0 0 -0.79% -10.88% 0 HANG SENG [+] 12/30/2023 19,781.41 -6.00% -6.00% -6.00% 0 0 BUX…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
Why China’s economy faces a perilous road to recovery Three weeks after Xi Jinping, China’s top leader, tried to reinvigorate China’s stalled economy by abruptly abandoning his stringent pandemic restrictions, he struck an upbeat note in his annual New Year’s Eve address. “China’s economy has strong resilience, great potential and vitality,” he said. But that optimism is hard to find in downtown Guangzhou, the commercial hub of southern China. Nearly three years of “zero Covid” measures have crushed businesses. Streets are lined with shuttered stores and workshops. Walls are plastered not with “help wanted” signs, but with notices from entrepreneurs…
Shipping: navigating towards a greener future Nine out of ten goods traded globally are transported by ship. Without shipping, we would not live in a globalised world. The problem with ships, though, is that they mainly run on fossil fuels and are a massive contributor to global CO2 emissions. The challenge is now on to plot a greener and, ultimately, carbon-free course. Once upon a time, a ship would spend more time in the port being loaded and unloaded than it did at sea. But thanks to the ingenious invention of the standard container in 1954, today’s vessels hold larger…
New Govt policy to facilitate cultivation of 2.7mln hectares of rice According to the recently launched National Rice Development Strategy II (NRDS II) Nigeria is aiming at increasing the rice area under irrigation from less than 1 million hectares to 2.7 million hectares, particularly areas under supplementary water supply to attain 2 cropping per year. The document noted that cultivable land in the country is estimated at 4.234 million hectares, made up of rain-fed uplands at 30 percent, rain-fed lowland at 52 percent, irrigated lowlands at 17 percent and mangrove at 1 percent. The new Strategy also targets to build…
Fundamental of Communications To improve communications, work not on the utterer but recipient. It is the recipient who communicates. Unless there is someone who hears, there is no communication. There is only noise. One can perceive only what one is capable of perceiving. One can communicate only in the recipients’ language or in their terms. And the terms have to be experience-based we perceive, as a rule, what we expect to perceive. We see largely what we expect to see, and we hear largely what we expect to hear largely what we expect to hear. The unexpected is usually not…
International researchers have identified the review of natural gas demand during 2022 that is expected to fall and remain subdued up to 2025. Europe’s surging pursuit of LNG to phase out Russian pipeline supply and limited global LNG export capacity additions raise the risk of prolonged tight markets. Faster development and implementation of clean energy transition strategies, mainly in mature gas markets, would ease price competition and assist emerging markets access supplies that can contribute to short-term improvements in carbon intensity and air quality. Today’s record-high gas prices researchers also identified that, are depressing demand and causing some gas users…
Sources identified that the textiles and clothing sector has grown to be the single largest manufacturing sector in Pakistan. The Sector employs statistics showed, over 38 percent of the manufacturing labor force. Greater than US$5 billion of textile and garment machinery into Pakistan; has been imported in the last few years. The Textiles Sector is present, based almost completely on the private sector. Sources identified that the textile and clothing sector is the backbone of Pakistan’s economy and Pakistan’s role as one of the world’s leading cotton producers has offered the basis for the textile and clothing sector’s development. Export…
The year-end review 2022 for major production sectors with major market indicators, Area & Production Of Other Kharif And Rabi Crops In Pakistan Crops 2021-22(P) Area (000 Hectares) Production (000 Tonnes) % Change in production over Last year Bajra 227 226 -15.0 Jowar 77 64 -33.3 Gram 867 319 36.3 Barley 39 42 – Rapeseed & Mustard 277 375 26.7 Tobacco 55 168 – Area and Production of Other Crops Masoor 5.8 4.1 – Moong 301.8 263.8 29.0 Mash 8.0 6.1 -11.6 Potato 313.8 7,937.1 35.1 Onion 141.0 2,108.8 -8.5 Chillies 58.1 144.0 36.6 Production Of Selected Industrial Items Of…
Market indicators are a series of technical indicators used by traders to predict the direction of major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. Here are the major market indicators from December 2022. FINANCIAL MARKET IN PAKISTAN Currency Rate As Per Open Market ( December 23, 2022) Currency Symbol Buying Selling Australian Dollar AUD 152 153.25 Bahrain Dinar BHD 602.16 606.66 Canadian Dollar CAD 166.09 167.44 China Yuan CNY 32.4 32.65 Danish Krone DKK 32.24 32.59…
Some major changes in world stock markets in December 2022 with great influence on the world economy. France stocks lower at the close of trade France stocks were lower after the close on Thursday, as losses in the Gas & Water, General Financial and Foods & Drugs sectors led shares lower. At the close in Paris, the CAC 40 declined 0.95 percent, while the SBF 120 index lost 0.92 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 320 to 226 and 84 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40…
Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ICEX [+] 12/23/2022 2,217.14 0 3.88% -3.87% -15.04% -16.11% NIFTY [+] 12/22/2022 18,127.35 -0.39% -0.78% -0.64% 6.91% 4.46% JCI Jakarta [+] 12/23/2022 6,800.67 -0.35% -0.17% -3.59% 3.74% 3.33% TA-35 [+] 12/22/2022 1,785.96 -1.16% -1.90% -5.57% -7.08% -9.71% ASE Amman [+] 12/22/2022 2,475.49 0.04% -0.88% 1.31% 19.04% 16.84% KASE [+] 12/22/2022 3,257.69 1.43% 1.71% 7.25% -10.25% -11.36% KSW Kuwait [+] 12/22/2022 8,009.60 0.13% -0.96% -5.59% 4.94% 4.85% OMX Riga [+] 12/23/2022 1,147.59 -1.24% -0.94% 3.40% -8.40% -9.78% OMX Vilnius [+] 12/23/2022 948.84 0.24% -0.91% 1.20% -1.11% -1.64%…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
Sri Lanka’s economy shrinks 11.8pc Sri Lanka’s economy shrank 11.8 percent in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades. An acute dollar shortage, caused by economic mismanagement and the impact of the COVID-19 pandemic, left Sri Lanka short of dollars for essential imports including food, fuel, fertiliser and medicine. The state-run Census and Statistics Department said that agriculture shrank 8.7 percent in the third quarter and industries 21.2 percent, while services dropped 2.6 percent,…
Ship recycling market still under pressure The Ship recycling has remained under pressure, despite a few positive signs here and there. In its latest weekly report, shipbroker said that “there feels like some renewed vigour in the market this week on the back of some slight gains from the Indian steel plate markets. Price levels for tonnage giving delivery to India have increased by a small margin, but any gain is welcomed following the recent gloomy months. We are starting to see more tonnage flow into the marketplace, most notably, the smaller container feeder type units, although one larger container…
Rice 2022: a good year for (some) farmers? Just 9 months ago, rice was marketed as the cereal that would save the planet. As war broke out in the Black Sea, fertilizer prices spurt out of control, and wheat harvests failed across the globe, world rice production remained unaffected, restraining fears of global food insecurity and hunger. Pakistani policymakers breathe a sigh of relief, as a substantial surplus in rice production could help mitigate two of their worst fears: a grain/cereal shortage in the local market; and, a widening trade deficit. Unfortunately, that hope could prove short-lived. First, came the…
Simulated Decentralization The main rule is to look simulated decentralization as a last resort only. Whenever a unit can be set up as a business, no design principle can match federal decentralization. We have learned, however, that a great many large companies cannot be divided into genuine businesses. Yet they have clearly outgrown the limits of size and complexity of the functional or of the team structure. These are the companies that are increasingly turning to “simulated decentralization” as the answer to their organization problem. Simulated decentralization forms structural units that are not businesses but which are still up as…
Viewing promotion and advancement of China, Pakistan Economic Corridor (CPEC), the Government of Pakistan must take exemplary efforts under the development in Pakistan through China’s top quality Road and Belt initiatives, said some leading experts while talking to the Pakistan and Gulf Economist. They said that Pakistan can also utilize and implement the idea in its own requirement; Pakistan needs modernization in order to carry on with the emerging world or else be obsolete. There is a need to connect industry and institute in order to resolve the problems, as our country needs to institutionalize the issues to CPEC. CPEC:…
International studies identified that the growing pace of urbanization will place added stress on already straining city systems and infrastructure, requiring urban areas to be far more efficient. But denser urban areas could also offer opportunities for forms of transport, like rail, that rely on density to function efficiently. In 2050, passenger and freight rail will form the backbone of the transport system, linking major urban hubs and feeding into multi-model local transport networks. In developing countries like Pakistan, the Government of Pakistan is taking steps to enhance the performance of Pakistan Railways to offer maximum facilities to passengers. Pakistan…
PIAC Performance Indicators Units 2017 2018 2019 2020 2021 PIAC Fleet No. of Planes 36 32 32 30 30 Route Km 360,937 332,303 389,725 778,609 374,054 Available Seat Million Km 19,108 18,081 18,372 8,902 7,682 Passenger Load Factor Percent 73.20 77.3 81.3 74.5 66.9 Revenue Flown 000 Km 75,207 70,089 70,515 38,114 34,544 Revenue Hours Flown Hours 122,081 110,050 110,640 58,519 55,710 Revenue Passengers Carried 000 nos. 5,342 5,203 5,290 2,541 2,657 Revenue Passengers Million Km 13,988 13,975 14,938 6,629 5,138 Revenue Load Factor Percent 55.2 58.4 58.6 51.3 53.7 Operating Revenue * Rs million – 100,051 146,097 94,683 86,185…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (December 09, 2022) Currency Symbol Buying Selling Australian Dollar AUD 150.95 152.2 Bahrain Dinar BHD 597.33 601.83 Canadian Dollar CAD 164.69 166.04 China Yuan CNY 32.11 32.36 Danish Krone DKK 31.71 32.06 Euro EUR 251.5 254 Hong Kong Dollar HKD…
Japan stocks higher at close of trade Japan stocks were higher after the close on Friday, as gains in the Transport, Shipbuilding and Railway & Bus sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.18 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2566 to 976 and 268 ended unchanged. Shares in Furukawa Electric Co., Ltd. rose to 52-week highs; gaining 5.23 percent or 130.00 to 2,616.00. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 16.81 percent to 18.66. Crude oil for January delivery was…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD KASE [+] 12/08/2022 3,156.31 0.14% 1.54% 2.46% -13.56% -14.12% KSW Kuwait [+] 12/08/2022 8,320.41 0.43% -1.74% -1.21% 8.99% 8.92% OMX Riga [+] 12/09/2022 1,136.14 0.50% 2.51% 3.10% -10.58% -10.68% OMX Vilnius [+] 12/09/2022 956.29 0.38% 0.65% 5.50% -1.00% -0.87% LuxX [+] 12/08/2022 1,493.91 0.52% 1.44% 4.73% -7.42% -10.13% FBMKLCI [+] 12/08/2022 1,465.93 -0.06% -1.07% 1.71% -1.88% -6.48% MSE Malta [+] 12/07/2022 3,538.41 -0.27% -0.83% -2.02% -5.90% -10.30% SEMDEX [+] 12/07/2022 2,046.59 0.11% 0.30% 0.20% 0.36% -2.45% IPC MEXBOL [+] 12/08/2022 51,078.70 0.70% -0.30% 0.37% 0.04%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2022 7.8% 6.9% United Kingdom [+] October 2022 11.1% 9.6% Germany [+] October 2022 10.4% 10.0% France [+] November 2022 6.2% 6.0% Japan [+] October 2022 3.8% 3.6% Belarus [+] January 2022 10.4% 1.5% Belize [+] October 2022 6.7% 6.3% Canada [+] October 2022 6.9% 6.8% Switzerland [+] November 2022 3.0% 3.1% Ecuador [+] November 2022 3.6% 3.6% Estonia [+] November 2022 21.3% 17.7% Egypt [+] January 2022 8.0% 1.0% Finland [+] October 2022 8.3% 7.9% Georgia [+] November 2022 10.4% 10.1% Ghana [+] October 2022 8.3%…
Japan upgrades q3 GDP Japan’s economy, the world’s third-largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from COVID-19 doldrums even as large export markets show further signs of weakening. Separate data showed the economy had recorded its first current account deficit in eight years in October, reflecting high import costs imposed on households and businesses by a decline in the yen’s value to multi-decade lows this year. The revised 0.8 percent annualised quarterly contraction in the gross domestic product (GDP) released by the Cabinet Office on Thursday compared with economists’…
Fitch ratings: global shipping outlook worsens on lower container freight rates Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. The easing of supply chain pressures has led to the near normalisation of container freight rates, which suggests that profits in 2023 will be much weaker than they were over the last three years, when they were supersized. The main risks include the potential for a harsher recession than expected and the…
Australia forecasts record wheat crop despite floods Australia is expected to produce a bumper year of crops including record wheat production in the current financial year, the government said on Tuesday, despite the impact of widespread flooding in the country’s eastern region. Total winter crop production across the country is forecast to total 62 million tonnes, the second highest on record, according to a report from the federal Australian Bureau of Agricultural and Resource Economics (ABARES). “While the spring rain has impacted production, yields and quality in some parts of the country, some states are experiencing their best winter crops…
Federal Decentralization: Strengths The greatest strength of the federal principle is that it alone of all known principles of organization prepares and tests people for top-management responsibility at an early stage. In “federal decentralization” a company is organized into a number of autonomous businesses. Each unit has responsibility for its own performance, its own results, and its own contribution to the total company. Each unit has its own management which, in effect, runs its own “autonomous business.” In a federally organized structure, each manager is close enough to business performance and business results to focus on them. The federal principal…
International Experts identified that macroeconomic stability and the growth-oriented vision of the UAE’s leadership are improving the country’s appeal as an investment destination amid worldwide economic unrest. In UAE, the Jobs Market will continue to strengthen in 2023, driven by strong market confidence and foreign direct investment (FDI) as firms enlarge their international presence in the Emirates. After an unpredictable 2022, strong market confidence has led to consistent recruitment activity and industry growth. Based on market confidence and therefore more aggressive growth and diversification plans, organizations shifted up a gear, and their appetite to invest in attracting top talent increased…
International studies revealed that a dramatic accumulation in forex reserves has been widely observed in developing countries. In Pakistan, foreign exchange reserves held through the State Bank of Pakistan (SBP) grew $ 3 million on a weekly basis, clocking in $7.96 billion as of November 11, 2022. Total liquid foreign reserves held by the country reached at $13.8 billion. Net foreign reserves held by commercial banks clocked in at $5.84 billion. Experts identified in their studies that foreign exchange reserves are important assets of a country because they are considerably affected through exchange rate policy, monetary policy, regulations, external instability…
According to the economic analysis FY2022 released by the Government of Pakistan, health and wellbeing are central to Sustainable Development Goals (SDGs). SDGs Index claims to track a Pakistan’s performance on the 17 SDGs. Overall, Pakistan’s SDGs Index score grew from 53.11 in 2015 to 63.5 in 2020. Experts identified that Pakistan no doubt, has a lot of potential and competent workforce in the health sector, however, there is a need to offer training to them on digital technologies to meet the modern-day challenges. The present floods have caused severe damage to the health sector of Pakistan. Around 33 million…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Million Rupees) Sector/Industry 2017-18 2018-19F 2019-20R 2020-21P Commodity Producing Sectors(A+B) 4,884,508 4,858,172 4,841,943 4,995,212 A.Agricultural Sector ( 1 to 4 ) 2,343,614 2,356,827 2,434,850 2,502,181 1. Crops ( i+ii+iii) 871,796 828,596 874,504 896,102 i) Important Crops 553,693 511,129 537,929 562,964 ii) Other Crops 260,026 266,791 288,344 292,420 iii) Cotton Ginning 58,077 50,676 48,231 40,718 2. Livestock 1,375,986 1,428,608 1,458,624 1,503,254 3. Forestry 46,679 50,076 51,880 52,617 4. Fishing 49,153 49,547 49,842 50,208 B. Industrial Sector ( 1 to 4 ) 2,540,894 2,501,345 2,407,093 2,493,031 1. Mining and Quarrying 356,949…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Nov 25, 2022) Currency Symbol Buying Selling Australian Dollar AUD 150.22 151.47 Bahrain Dinar BHD 595.81 600.31 Canadian Dollar CAD 166.97 168.32 China Yuan CNY 31.27 31.52 Danish Krone DKK 31.21 31.56 Euro EUR 247 249.5 Hong Kong Dollar HKD…
European stocks steady at open European stock markets steadied at the start of trading Friday following a mixed showing in Asia. London’s benchmark FTSE 100 index edged up 0.1 percent to 7,470.36 points. In the eurozone, Frankfurt’s DAX index was flat at 14,543.68 points and the Paris CAC 40 was stable at 6,708.18. Sensex, Nifty end flat after listless trade Domestic benchmark indices remained listless on Friday as record high levels in indices triggered minor profit booking. The S&P BSE Sensex, which hit a new lifetime high of 62,448 earlier today, ended at 62,294, up 21 points or 0.03 percent.…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMXC20 [+] 11/24/2022 1,746.76 0.71% 2.57% 8.52% -3.53% -6.29% EGX30 [+] 11/24/2022 12,779.44 1.42% 2.11% 23.82% 12.57% 6.95% OMX Tallinn [+] 11/24/2022 1,732.67 -0.50% -0.88% 3.91% -16.38% -13.36% OMX25 [+] 11/24/2022 4,916.35 0.40% 1.08% 7.35% -9.42% -11.77% GSE Ghana [+] 11/21/2022 2,463.57 0.03% 0.03% 4.13% -15.62% -11.68% HANG SENG [+] 11/24/2022 17,660.90 0.78% -1.84% 16.34% -28.46% -24.52% BUX [+] 11/23/2022 44,930.52 0.98% 0.98% 11.13% -12.63% -11.42% ICEX [+] 11/24/2022 2,310.17 0.16% 1.72% 9.04% -10.98% -12.59% NIFTY [+] 11/24/2022 18,484.10 1.19% 0.96% 4.25% 6.14% 6.51% JCI…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2022 7.8% 6.9% United Kingdom [+] September 2022 10.1% 7.6% Germany [+] October 2022 10.4% 10.0% France [+] October 2022 6.2% 5.6% Japan [+] September 2022 3.0% 3.0% Spain [+] October 2022 7.3% 5.7% Italy [+] October 2022 11.9% 10.9% Australia [+] September 2022 7.3% 5.9% Belgium [+] October 2022 12.3% 10.8% Brazil [+] October 2022 6.5% 4.8% Canada [+] September 2022 6.9% 6.0% Switzerland [+] October 2022 3.0% 3.1% Chile [+] October 2022 12.8% 11.4% China [+] October 2022 2.1% 2.0% Egypt [+] January 2022 8.0%…
Bangladesh’s economy still safe enough Prime Minister Sheikh Hasina said the country’s economy still remains vibrant and safe enough despite the entire world is going through an economic recession due to the Covid-19 pandemic, Russia-Ukraine war, and sanctions. “I can say that our economy is still vibrant and safe enough although the entire world is witnessing economic meltdown due to the Covid-19, Russia-Ukraine war, and sanctions,” she said. The prime minister said her government is very much alert and active to overcome the global recession. She said this while addressing a ceremony at the parade ground of the Bangladesh Air…
Tankers expected to emerge as the “winners” of 2023 It seems that each calendar year since 2020 has each own “winner”, when it comes to the part of the shipping industry which reaps the most benefits from the course of the global economy and trade. If 2021 was the year for containers and 2022 is the one for LNG tankers, it seems that 2023 could very well be emerge as the year of the tanker. In its latest weekly report, shipbroker said that “the tanker market has been gathering momentum over the recent months and freights are moving on an…
Climate change will drastically cut Indonesia’s rice, coffee production: study Continued carbon emissions would significantly reduce rice and coffee production in Indonesia — one of the world’s top producers of both crops — according to a groundbreaking study that will be published by a team of scientists led by a co-chair of the UN’s climate science panel. The study, titled “Impact of Climate Change in Indonesian Agriculture”, found that continued climate change would cut Indonesia’s rice production by millions of tons a year, cutting exports by a third and leading to price increases of more than 50 percent. Lower emissions…
Long-Range Planning The future will not just happen if one wishes hard enough. The future requires decisions – now. It imposes risk – now. It requires action – now. It demands allocation of resources, and above all, of human resources – now. It requires work – now. The idea of long-range planning – and much of its reality – rests on a number of misunderstandings. The long range is largely made by short-run decisions. Unless the long range is built into, and based on, short-range plans and decisions, the most elaborate long-range plan will be an exercise in futility. And…
According to the Economic Survey of Pakistan FY2022, the revival of global economic activity in the first half of 2021 has grown merchandise trade over its pre-pandemic peak, as worldwide merchandise trade volume has also grown by 9.8 percent last year. The global trade increased by 26 percent and stood at US$ 22.4 trillion, while services trade also grew by 15 percent and stood at US$ 5.7 trillion. It is also recorded that the world merchandise trade volume is projected to grow by 3.0 percent in 2022 and 3.4 percent in 2023 offered the Ukraine-Russia war does not expand further.…
Statistics identified that Pakistan, which has about 60 percent of its over 200 million population in the 15 to 29 age group, represents an enormous human and knowledge capital. The country has greater than 2000 IT firms & call centers and the number is growing yearly. It is also identified that the country has also greater than 300,000 English-speaking IT professionals with expertise in current and emerging IT products and technologies, 13 software technology parks, and more than 20,000 IT graduates and engineers being produced each year coupled with a rising startup culture. In accordance with Pakistan Vision 2025 and…
According to the Economic Survey of Pakistan FY2022, the Higher Education Commission (HEC) not only plays a central role in Pakistan for the promotion of quality education and development of higher education institutions but also promotes universities to become world-class centers of education and produce quality research in the field of science and technology. The experts recorded that HEC has prepared and launched its Vision 2025, showing a broader landscape of the Higher Education Sector and future strategic frameworks. HEC Vision Plan 2025 focuses on enhancing quality education, and faculty development, and maximizing the research and development opportunities in the…
Meezan Bank has been recognized as the ‘Best Bank in Pakistan’ through Pakistan Banking Awards, and remains committed to contributing to the economic growth and stability of Pakistan by strengthening the Islamic Banking Industry (IBI) and helping the government to shift towards Shariah-compliant banking solutions in line with the State Bank of Pakistan’s (SBP) strategic vision to raise the market share of IBI to 30 percent by 2025 from its current level of around 20 percent. No doubt, the bank offers a comprehensive range of Islamic banking products and services through retail banking in Pakistan. Backed by a state-of-the-art T-24…
According to the Pakistan Telecommunication Authority (PTA), the resilient telecom sector has led to the new normal in an even more connected world. Transitioning from an enabler of keeping governments, capital markets, and societies connected, the sector has cleared a stress test to become a cross-cutting catalyst of change and development across all sectors. Experts said that the world is witnessing the foundation of future networks, where disruptive innovations and technologies like 5G, Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR), blockchain, and mobile edge computing are being embedded in economies, causing massive digitalization. The role of the…
Habib Bank Limited (HBL), Pakistan’s largest bank, enjoys a significant international footprint and is the largest domestic multinational. HBL presently released its condensed interim consolidated financial statements for the 9-month closed September 30, 2022, financial results, with registered profit before tax of Rs 55.6 billion, a rise of 20 percent over the corresponding period of the previous year. It is also registered that the bank’s international footprint is significant as it offers opportunities to efficiently serve its core customers across its network. Sources recorded that China remains the lynchpin of HBL’s international strategy and the bank is the largest executor…
Sources recorded that dissimilar types of sugar in Pakistan are manufactured which include pharmaceutical, beverage and commercial grades also soft brown sugar, castor and icing sugar, sugar cubes, sachets and retail packs. Ministry of Food Security has recently released the statistics of total sugar production in Pakistan, according to which, 7,905,564 metric tonnes of sugar was produced during 2021-22. Statistics identified that at least 51,706 metric tonnes (MT) of sugar stock was obtainable from the previous season while 70,000 tonnes of sugar, produced from beetroot, was available till the start of last season. This shows that the total sugar available…
Experts revealed that Pakistan’s energy sector is a developing market. For years, the matter of balancing supply against the demand for energy had remained a mainly unresolved matter. Pakistan faced significant problems in revamping its network responsible for the supply of energy. Energy generators were seeking parity in returns for both local and foreign investors showing it to be one of the main problems in overseeing a surge in electricity generation when Pakistan was facing growing shortages. Other challenges included a lack of efficiency, growing demands for energy, and political unrest. It is said that the largest consumers in the…
According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement shipments from the industry during the month of October 2022 were recorded at 3.89 million tonnes, as against 4.6 million tonnes (MT) in October 2021, reflecting a fall of 15.5 percent. Exports shipments also fell by a massive 40.73 percent as volumes declined from 611,378 tonnes in October 2021 to 362,350 tonnes in October this year. No doubt, cement is the prime ingredient utilized in the construction industry. Experts recorded that cement consumption has a direct correlation to economic growth and improvement in the living standards…
Indus Motor Company Limited (IMC) manufactures and markets Toyota brand vehicles in Pakistan. These include several variants of the flagship Corolla and Yaris in the passenger car segment, Hilux in the light commercial vehicle segment and Fortuner in the sports utility vehicle segment. Over 32 years, since its inception, IMC has sold greater than 1.03 million CKD/CBU vehicles. It has also demonstrated impressive growth in terms of volumetric increase. According to the financial statement of Indus Motor Company Limited, the combined sales of CKD and Completely Built-up Units (CBU) vehicles of IMC for the quarter closed September 30, 2022, declined…
Find the annual facts and figures 2022 here with us: Area And Production Of Other Kharif And Rabi Crops In Pakistan Crops 2020-21 2021-22(P) Area (000 Hectares) Production (000 Tonnes) Area (000 Hectares) Production (000 Tonnes) % Change in production over Last year Bajra 350 266 227 226 -15.0 Jowar 126 96 77 64 -33.3 Gram 883 234 867 319 36.3 Barley 42 42 39 42 – Rapeseed & Mustard 224 296 277 375 26.7 Tobacco 55 168 55 168 – Area and Production of Other Crops Masoor 6.9 4.1 5.8 4.1 – Moong 231.1 204.5 301.8 263.8 29.0 Mash…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (November 10 2022) Currency Symbol Buying Selling Australian Dollar AUD 143.14 144.39 Bahrain Dinar BHD 589.09 593.59 Canadian Dollar CAD 164.08 165.43 China Yuan CNY 30.64 30.89 Danish Krone DKK 29.77 30.12 Euro EUR 234 236 Hong Kong Dollar HKD…
CAC 40 up 0.39pc France stock were higher after the close on Tuesday, as gains in the Basic Materials, Oil & Gas and Financials sectors led shares higher. At the close in Paris, the CAC 40 gained 0.39 percent to hit a new 1-month high, while the SBF 120 index climbed 0.45 percent. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 309 to 238 and 91 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high. Gold Futures for December delivery was…
Stock indices statistics for 8th and 9th November 2022: Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD HANG SENG [+] 11/09/2022 16,358.52 -1.20% 1.22% -7.79% -34.07% -30.08% BUX [+] 11/08/2022 43,840.56 0.06% 2.84% 10.88% -19.01% -13.56% ICEX [+] 11/09/2022 2,191.53 0.00% 0.01% -0.22% -15.58% -17.08% NIFTY [+] 11/09/2022 18,157.00 -0.25% 0.22% 4.86% 0.62% 4.63% JCI Jakarta [+] 11/09/2022 7,070.08 0.28% 0.35% 0.62% 6.00% 7.42% TA-35 [+] 11/09/2022 1,929.20 -0.42% 0.01% 3.30% 2.13% -2.47% ASE Amman [+] 11/09/2022 2,439.99 -0.21% 1.48% -1.71% 17.31% 15.17% KASE [+] 11/09/2022 3,062.80 -0.58% -0.44% -1.97% -18.91% -16.66% KSW…
Consumer Price Index (Oct and Sept 2022) on the radar with important statistics for different countries : CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2022 7.8% 6.9% United Kingdom [+] September 2022 10.1% 7.6% Germany [+] October 2022 10.4% 10.0% France [+] October 2022 6.2% 5.6% Japan [+] September 2022 3.0% 3.0% Spain [+] October 2022 7.3% 5.7% Italy [+] October 2022 11.9% 10.9% Australia [+] September 2022 7.3% 5.9% Belgium [+] October 2022 12.3% 10.8% Brazil [+] October 2022 6.5% 4.8% Canada [+] September 2022 6.9% 6.0% Switzerland [+] October 2022 3.0% 3.1%…
Japan economy set to slow sharply Japan’s economy is expected to have slowed markedly in the third quarter as global recession risks hurt external demand while rising inflation and a weak yen’s impact on imported prices forced consumers to keep their wallets shut. Gross domestic product (GDP) data due 0850 local time Nov. 15 (2350 GMT Nov. 14) will likely show the world’s No. 3 economy grew at an annualised rate of 1.1 percent in July-Septerber, sharply slower from the 3.5 percent expansion in the second quarter. That would translate into quarter-on-quarter growth of 0.3 percent, according to a Reuters…
Ports and Shipping Updates: Efficiency analysis – how do your ships stand up? Technology is expected to play a significant part in the emissions reduction transition as was highlighted by this year’s World Maritime Day theme of ‘New technologies for greener shipping’, chosen by IMO. And it’s proving to be the case for two new International Maritime Organization regulations – the Carbon Intensity Indicator (CII), which is concerned with the emissions a ship produces during operations, and Energy Efficiency Existing Ship Index (EEXI) which analyses its design. Hempel data shows that around 80 percent of global tonnage has either taken…
Govt making reformative interventions to amplify milk production across J&K J&K Government is working on multi-pronged strategy to increase milk production and double the Dairy farmers’ income with unique initiative of Integrated Dairy Development Scheme (IDDS). With an aim of Doubling Farmers’ income from dairying, the Administration is working tirelessly to ensure utmost priority is being extended to dairy development in the union territory by way of implementing various developmental schemes, initiatives, policies, among others. IDDS is a major scheme which not only focuses on providing financial assistance, but also supports the dairy producer by providing milking machine, bulk milk…
The Failed Strategy Most of the people who persist in the wilderness leave nothing behind but bleached hones. When a strategy or an action doesn’t seem to be working, the rule is, “If at first you don’t succeed, try once more. Then do something else.” The first time around, a new strategy very often doesn’t work. Then one must sit down and ask what has been learned. Maybe the service isn’t quite right. Try to improve it, to change it, and make another major effort. Maybe, though I am reluctant to encourage this, you might make a third effort. After…
Experts recorded that the State Bank of Pakistan (SBP) in Pakistan has been tightening its monetary policy to contain surging inflation and the Rupee’s rapid depreciation. Since September 2021, SBP has increased the policy rate by a cumulative 800 bps to reach 15 percent, the highest rate since the 2008 worldwide financial crisis. Soaring vegetable prices due to damage to standing crops and a massive hike in electricity rates have also contributed to higher inflation rates or prices. The Damage to standing crops will push up the prices of vegetables presently. The International Monetary Fund (IMF) mentioned in its country’s…
The significance of rice in agricultural crops cannot be ignored as it is the staple food for greater than 50 percent population of the world and a big source to cope with the food security issues of the world. International researchers calculated that worldwide rice production for 2022-23 will shrink for the first time in 3-year after extreme weather events — from China to South Asia and California damaged harvests. The production fall shows a reversal after consecutive years of bigger rice crops. The resultant plentiful supplies, mainly in top exporters India, have assisted to temper global rice prices, even…
Food and Agriculture Facts and Figures in Pakistan for 2021-2022 Area And Production Of Other Kharif And Rabi Crops In Pakistan Crops 2020-21 2021-22(P) Area(000 Hectares) Production(000 Tonnes) Area(000 Hectares) Production(000 Tonnes) % Change in production over Last year Bajra 350 266 227 226 -15.0 Jowar 126 96 77 64 -33.3 Gram 883 234 867 319 36.3 Barley 42 42 39 42 – Rapeseed & Mustard 224 296 277 375 26.7 Tobacco 55 168 55 168 – Area and Production of Other Crops Masoor 6.9 4.1 5.8 4.1 – Moong 231.1 204.5 301.8 263.8 29.0 Mash 11.0 6.9 8.0 6.1…
Local and International Market Indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Oct 21, 2022) Currency Symbol Buying Selling Australian Dollar AUD 138.61 139.86 Bahrain Dinar BHD 587.73 592.23 Canadian Dollar CAD 160.34 161.69 China Yuan CNY 30.55 30.8 Danish Krone DKK 29.09 29.44 Euro EUR 218.35 220.55 Hong…
UK stocks fall This Wednesday, UK stock indexes closed lower in the global stock market after data showed consumer prices returned to a 40-year high in September, while banking stocks were hit by reports of windfall taxes. The blue-chip FTSE 100 index (.FTSE) slipped 0.2 percent after a four-day run of gains following the historic reversal of the new government’s failed fiscal plan. The biggest jump in food prices since 1980 pushed British inflation back into double digits in September, matching a 40-year high hit in July, dealing a fresh blow to households grappling with the cost-of-living crisis. Sensex climbs…
Major Stock Market Indices from17th till 20th October Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 10/17/2022 1,921.96 -0.27% -0.27% -3.11% -6.15% -7.57% CSE [+] 10/17/2022 74.72 0.04% 0.04% 0.31% 13.13% 8.83% PX [+] 10/18/2022 1,167.92 2.09% 1.81% -4.29% -13.78% -18.10% OMXC20 [+] 10/18/2022 1,626.35 1.54% 2.16% 2.42% -8.06% -12.75% EGX30 [+] 10/20/2022 10,273.53 1.15% 2.24% 2.63% -7.71% -14.02% OMX Tallinn [+] 10/20/2022 1,661.00 -0.53% -0.80% -6.23% -16.01% -16.94% OMX25 [+] 10/18/2022 4,608.10 0.67% 2.70% 0.13% -15.36% -17.30% GSE Ghana [+] 10/18/2022 2,460.44 0 0 -1.58% -13.61% -11.79% HANG SENG [+] 10/18/2022 16,914.58 1.82%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] September 2022 8.2% 6.5% United Kingdom [+] September 2022 10.1% 7.6% Germany [+] September 2022 10.0% 9.0% France [+] September 2022 5.6% 4.6% Japan [+] August 2022 3.0% 2.6% Spain [+] September 2022 8.9% 5.3% Italy [+] September 2022 8.9% 7.1% Kenya [+] September 2022 9.2% 7.2% South Korea [+] September 2022 5.6% 4.7% Lebanon [+] August 2022 161.9% 61.3% Lithuania [+] September 2022 24.1% 19.5% Luxembourg [+] September 2022 6.9% 5.3% Latvia [+] September 2022 22.1% 19.1% Maldives [+] August 2022 2.6% 2.8% Netherlands [+] September 2022…
Asia could be a bright spot amid global downturn in 2023 Asia – especially Southeast Asia – remains a bright spot, even as the global economy looks set to head into recession next year, economists say. The strong economic rebound in Asia earlier this year has lost its momentum due to three “formidable headwinds” — that is, rising interest rates, the war in Ukraine and the impact of China’s subdued economic activity, the International Monetary Fund said last week. “Despite this, Asia remains a relative bright spot in an increasingly dimming global economy,” the IMF said in its latest outlook…
The digital journey shipping companies are making to recover from the pandemic years Shipping companies are focusing on the future and increasingly turning to digital technology to streamline operations, become more efficient and make cost savings. Whilst prior to the COVID-19 pandemic many had been slow to embrace digital technology, now companies recognise it can be a way to become more agile, adaptable and competitive. A report by Inmarsat last year highlighted that the pandemic was a “universal disruptor and catalyst for digital transformation” and the adoption of digital technology in the maritime sector will be three years ahead of…
Gathering and Using Intelligence Information has to be organized to test a company’s assumptions about its theory of its business. Information has to be organized to challenge a company’s strategy. It has to test the company’s assumptions about its theory of its business. This in cludes testing the company’s assumptions about its environment—society and its structure, the market, the customer, and technology. And information on the environment, where the major threats and opportunities are likely to arise, has become increasingly urgent. Then there are assumptions about the specific mission of the company. Third, there are assumptions about an organization’s core…
Area And Production Of Other Kharif And Rabi Crops In Pakistan Crops 2020-21 2021-22(P) Area (000 Hectares) Production (000 Tonnes) Area (000 Hectares) Production (000 Tonnes) % Change in production over Last year Bajra 350 266 227 226 -15.0 Jowar 126 96 77 64 -33.3 Gram 883 234 867 319 36.3 Barley 42 42 39 42 – Rapeseed & Mustard 224 296 277 375 26.7 Tobacco 55 168 55 168 – Area and Production of Other Crops Masoor 6.9 4.1 5.8 4.1 – Moong 231.1 204.5 301.8 263.8 29.0 Mash 11.0 6.9 8.0 6.1 -11.6 Potato 234.3 5,873.0 313.8 7,937.1…