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…
Author: S. Kamal Hayder Kazmi
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…
According to the government officials, except sluggishness in some areas in case of buses and two/three wheelers there has been robust growth in all-automobile sectors during July to March FY2021-22 in Pakistan. The higher growth effectively manifest clearing up the pent-up demand of Covid-19 period, otherwise negativity or stagnation in growth was persisting for the previous 5-year. During the year under consideration, there has been a persistent supply chain interruption because of chip shortages, skyrocketing freight costs, unrelenting rupee weakening, galloping inflation and auto financing restriction on high-end vehicles to decline the import bill. The auto sector constitutes about 15…
Research revealed that industrialisation historically, has been a significant driver of economic growth and modernisation. It has retained its significance for developing states and states with economies in transition to the nowadays, offering them with the principal means to boost their factor productivity. This, in turn, offers the foundation for a long-term and sustainable raise in the standard of living and a corresponding fall in poverty. It is also revealed that industrial development is also critically significant due to the support it offers to other sectors of the economy, for example through raising agricultural productivity and through the processing of…
Credit/Loans Classified By Consumer Financing & Other Borrowers In Pakistan* (Rs in Mn) Description Jun-21 Aug-21 Jun-22R Aug-22P 1. Credit to Government Sector (A+B) 16,543,488 16,502,640 19,845,751 20,072,966 A. SBP Credit to Government Sector (Net) 5,323,985 5,167,327 5,187,590 4,498,926 B. Scheduled Banks Credit to Government Sector (Net) 11,219,502 11,335,313 14,658,160 15,574,040 2. Credit to Non Government Sector (A+B) 8,685,121 8,646,282 10,292,193 10,383,178 A. SBP Credit to Non Govt. Sector 29,556 29,816 34,245 34,374 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 8,655,565 8,616,465 10,257,948 10,348,804 I. Credit to PSEs 1,639,536 1,643,258 1,707,240 1,843,914 II. Credit to NBFIs 188,464 187,072…
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 (October 07, 2022) Currency Symbol Buying Selling Australian Dollar AUD 143.02 144.27 Bahrain Dinar BHD 592.52 597.02 Canadian Dollar CAD 162.33 163.68 China Yuan CNY 31.31 31.56 Danish Krone DKK 29.39 29.74 Euro EUR 216 218 Hong Kong Dollar HKD…
European stocks rebound at open European stock markets recovered slightly at the start of trading Thursday following gains in Tokyo. London’s benchmark FTSE 100 index won 0.3 percent to 7,070.10 points, while the embattled pound gained a little versus the dollar. In the eurozone, Frankfurt’s DAX index won 0.7 percent to 12,606.62 points and the Paris CAC 40 advanced 0.4 percent to 6,009.31. Indices gain around 0.3pc with sensex ending at 58,222 Indian Benchmark indices trimmed most of the gains towards the end but still ended in the green on Thursday. Sensex added 157 points to close at 58,222. Nifty…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSE Malta [+] 12/31/2022 3,653.87 -0.07% -0.07% -0.07% -7.37% -7.37% SEMDEX [+] 10/05/2022 2,117.92 0.13% 0.11% 1.21% 3.99% 0.95% IPC MEXBOL [+] 10/06/2022 46,326.68 1.05% 3.81% 0.92% -9.12% -13.04% MONEX20 [+] 10/06/2022 11,675.87 0.40% 1.85% 4.10% 4.62% 18.33% MASI [+] 10/07/2022 11,738.69 0 1.08% -3.42% -10.37% -12.12% NSX Namibia [+] 10/05/2022 1,479.80 -1.29% 2.27% -2.06% 2.85% -5.85% AEX [+] 10/06/2022 661.38 -0.46% 3.24% -2.06% -13.12% -17.11% NZX 50 [+] 10/07/2022 11,103.79 -0.19% 0.34% -4.08% -15.48% -14.81% MBI10 [+] 10/07/2022 5,519.25 0 -1.20% -3.79% -1.99% -10.31%…
Consumer Price Index (CPI) In Statistics Countries Date CPI Interannual Accum. since January United States [+] August 2022 8.3% 6.2% United Kingdom [+] August 2022 9.9% 7.0% Germany [+] August 2022 7.9% 6.9% France [+] August 2022 5.8% 5.0% Japan [+] August 2022 3.0% 2.6% Spain [+] August 2022 10.5% 6.1% Italy [+] August 2022 8.4% 6.9% Portugal [+] August 2022 8.9% 7.0% Greece [+] August 2022 11.4% 6.0% Ireland [+] August 2022 8.7% 6.4% Armenia [+] August 2022 8.4% 5.1% Angola [+] August 2022 19.8% 10.2% Argentina [+] August 2022 78.5% 56.4% Austria [+] August 2022 9.3% 6.8% Australia…
Singapore economy shows some moderation The Singapore economy grew at a pace of 4.4 percent y/y in the second quarter of 2022, after growth of 3.8 percent y/y in the first quarter of 2022. This follows a strong economic rebound from the pandemic in 2021, when GDP growth rose by 7.6 percent y/y. Helped by improving domestic demand, Singapore’s services sector grew at 4.8 percent y/y and the manufacturing sector grew at a pace of 5.7 percent y/y in the second quarter of 2022. Service sector output in the second quarter was buoyed by surging output for food and beverage…
Associations plead case for EU consortia block exemption regulation The joint submission from the World Shipping Council (WSC), the International Chamber of Shipping (ICS), and the Asian Shipowners’ Association (ASA) pleads the case for renewal of the Consortia Block Exemption Regulation (CBER) which allows container lines to share certain information which would otherwise be against antitrust rules. The regulation is set to expire in April 2024 unless renewed. The European Commission invited feedback on the regulation as the business practices of container lines come under increased scrutiny after a period of higher freight rates, lower service levels and widespread disruption.…
Sugar production drops 34pc on elections Sugar production in August dropped by 34 percent as more factories closed for maintenance amid scarcity of mature cane, subjecting consumers to higher prices of the commodity on shelves. Total sugar production in August was 46,459 tonnes from the 70,278 tonnes recorded a month earlier, data from the Sugar Directorate shows. The agency said that Kwale, Soin and OlePito factories had closed for maintenance in the review period while Nzoia and Chemelil, which were shut in May, resumed operations in August. The directorate said the decline in production could also be attributed to disruption…
The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right rather than what is acceptable (let alone who is right) precisely because one always has to compromise in the end. But if one does not know what is right to satisfy the specifications and boundary conditions, one cannot distinguish between the right compromise and the wrong compromise —and will end up by making the wrong compromise. There are two different kinds of compromise. One kind is expressed in the old proverb, “Haifa loaf is better than no bread.” The other…
Statistics showed that across Pakistan, the fruit and vegetable prices have shot up after flooding destroyed crops and disrupted supplies unluckily. Sources said that the Government of Pakistan sets prices for some fresh produce but traders often ignore them. Agriculture Growth (Base=2015-16) (%) Sector 2019-20 2020-21 2021-22 P Agriculture 3.91 3.48 4.40 1. Crops (i+ii+iii) 6.32 5.96 6.58 i) Important Crops 5.24 5.83 7.24 ii) Other Crops 9.21 8.27 5.44 iii) Cotton Ginning -4.06 -13.08 9.19 2. Livestock 2.80 2.38 3.26 3. Forestry 3.36 -0.45 6.13 4. Fishing 0.63 0.73 0.35 Sources also recorded that in various parts of Pakistan,…
Despite being blessed with all kinds of resources, no doubt the economy of Pakistan is being marred with challenges like erosion in the purchasing power, mounting local and foreign debt, and dissuasion of productive private sector activity. Experts recorded that Pakistan in a decade has been drenched by severe monsoon rains that have led to the country’s worst flooding. The present flood in Pakistan is amongst the worst natural catastrophe of recent times, destroying and damaging millions of acres of land, crops, infrastructure, and economic and social lives. Extraordinarily, monsoon downpour during the normal season that runs between July and September becomes predominantly severe in the…
Floods In Pakistan 1992 India–Pakistan floods In 1995 heavy monsoon rains occurred in mid-July. Due to this Indus River and other rivers and canals started to flood. In 2003, Sindh province was badly affected when above normal monsoon rainfall caused flooding in the province. In 2007, Khyber Pakhtunkhwa, Sindh and coastal Balochistan were badly affected due to monsoon rainfall. Sindh and coastal Balochistan were affected by Cyclone Yemyin in June and then torrential rains in July and August, while Khyber Pakhtunkhwa was affected by melting glaciers and heavy rainfall in July and August. 2009 Karachi floods In 2010, almost all…
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 (Sep 23, 2022) Currency Symbol Buying Selling Australian Dollar AUD 158.5 159.75 Bahrain Dinar BHD 633.37 637.87 Canadian Dollar CAD 177.7 179.12 China Yuan CNY 34 34.25 Danish Krone DKK 32.07 32.42 Euro EUR 237 239.5 Hong Kong Dollar HKD…
Canada stocks-TSX hits 2-month low Canada’s main stock index fell to its lowest level in nearly two months on Thursday, weighed down by technology and healthcare stocks, as investors continued to fret over the pace of interest rate hikes by major central banks. The Toronto Stock Exchange’s S&P/TSX composite index ended down 181.86 points, or nearly 1 percent, at 19,002.68, its lowest closing level since July 26. The decline came as global central banks continued raising interest rates, following the U.S. Federal Reserve in a fight against inflation that is sending shockwaves through financial markets and the economy. Rate-sensitive technology…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD AEX [+] 09/22/2022 657.40 -1.85% -1.12% -7.54% -17.04% -17.61% NZX 50 [+] 09/23/2022 11,434.82 -0.72% -1.26% -1.79% -14.06% -12.27% MBI10 [+] 09/23/2022 5,720.89 0 -0.03% -1.94% 0.03% -7.03% OSEBX [+] 09/22/2022 1,159.05 -0.36% -1.37% -8.20% 1.54% -3.53% MSM30 [+] 09/22/2022 4,472.93 -0.79% 0.16% -3.12% 14.19% 8.32% KSE100 [+] 09/22/2022 40,927.95 -0.09% -1.80% -4.43% -10.24% -8.23% BVPSI [+] 09/22/2022 392.30 -0.24% -0.25% -0.76% 2.54% 1.50% S&P/BVL Peru [+] 09/22/2022 19,474.31 -0.94% 0.57% 0.34% 7.60% -7.76% PSEi [+] 09/23/2022 6,259.54 -0.67% -4.42% -5.42% -9.48% -12.12% WIG20 [+]…
Consumer Price Index (CPI) In Statistics Countries Date CPI Interannual Accum. since January United States [+] August 2022 8.3% 6.2% United Kingdom [+] August 2022 9.9% 7.0% Germany [+] August 2022 7.9% 6.9% France [+] August 2022 5.8% 5.0% Japan [+] August 2022 3.0% 2.6% Spain [+] August 2022 10.5% 6.1% Italy [+] August 2022 8.4% 6.9% Portugal [+] August 2022 8.9% 7.0% Greece [+] August 2022 11.4% 6.0% Ireland [+] August 2022 8.7% 6.4% Armenia [+] August 2022 8.4% 5.1% Angola [+] August 2022 19.8% 10.2% Argentina [+] August 2022 78.5% 56.4% Austria [+] August 2022 9.3% 6.8% Australia…
Views differ on level of risk faced by Malaysia’s economy Experts agree that challenges – both internal and external – will continue to plague the Malaysian economy. However, views differ on how high such risks will be or whether or not they will take the country into another recession. A Singapore-based economist agreed with the assertion by Bursa Malaysia chairman Abdul Wahid Omar that Malaysia is unlikely to go into recession. On the other hand, a Malaysian economist sees a stagflation on the horizon. Senior fellow at Singapore’s ISEAS-Yusof Ishak Institute Lee Hwok Aun expressed confidence that Malaysia could avoid…
Wastefuel technology converts municipal solid waste to e-methanol fuel With the shipping industry moving toward the broader adoption of methanol as an alternative fuel supply and sourcing concerns remain. California-based start-up WateFuel, which counts Maersk and NetJets among its investors, has developed a new technology module for converting municipal solid waste into low-carbon fuels. According to the company, the technology can be built efficiently where waste is located and scale production efficiently and rapidly toward meeting the shipping industry’s growing demand for green methanol. According to the company, its new technology will significantly accelerate the use of organic waste to…
Coal deal hunters descend on Indonesia as demand peaks For more than 1,200 people gathered at a hotel in Indonesia’s resort island of Bali this week the message was clear: coal is here to stay. After two years of pandemic disruptions, Asia’s top coal industry event Coaltrans is back in Bali with a turnout that some participants say mirror those seen during the boom years about a decade ago. Buyers all over Asia, and some from Europe, flew in to the conference to hunt for any coal supply they can secure ahead of winter, as global supply shortages and growing…
Pursuing Perfection “The Gods can see them.” The greatest sculptor of ancient Greece, Phidias, around 440 bc made the statues that to this day, 2,400 years later, still stand on the roof of the Parthenon in Athens. When Phidias submitted his bill, the city accountant of Athens refused to pay it. “These statues stand on the roof of the temple, and on the highest hill in Athens. Nobody can see anything but their fronts. Yet, you have charged us for sculpturing them in the round, that is, for doing their backsides, which nobody can see.” “You are wrong,” Phidias retorted.…
In the developing states, international Economists analyzed that because of the limited availability of real and financial sources, increased attention is to be paid to local savings and mobilization of these savings through the banking system. They have dissimilar views when they examine savings, the factors influencing the trend of savings, and the relation of savings and interest rates. As for the role of interest rates, the views vary even greater than concerning the other factors influencing savings. Low interest rates, it is also said that if applied on both credits and deposits, may decline propensity to save: it is…
Dissimilar sources identified that Modaraba Companies are part of the non-banking Islamic financial institutions. Presently in Pakistan, the institutional framework, evolution, development and profile of the Modaraba companies have been spelled out along with an overview of the market environment for the Modarabah certificates. Moreover, international studies identified that non-banking financial institutions are playing increasingly significant role in the efficient functioning of modern capital markets. As depository institutions, the evolution and development of Islamic banks has also encouraged the development of non-banking Islamic financial institutions counting investment funds and insurance companies managed by various Islamic banks. In addition, since 1984,…
Comparison of market capitalization of Leasing companies and Modarbas with other sector Sectors Market Cap On 30/06/2021 (Rs million) Market Cap On 31/03/2022 (Rs million) % Change Automobile Assembler 361,448.43 314,465.25 -13.0 Automobile Parts & Accessories 80,036.05 56,611.33 -29.3 Cable & Electrical Goods 38,221.11 25,466.05 -33.4 Cement 702,506.46 535,882.96 -23.7 Chemical 404,117.21 406,477.57 0.6 Close – End Mutual Fund 3,281.22 2,556.07 -22.1 Commercial Banks 1,308,754.05 1,362,896.96 4.1 Engineering 171,409.78 124,043.87 -27.6 Fertilizer 509,383.64 552,742.34 8.5 Food & Personal Care Products 744,128.43 753,305.13 1.2 Glass & Ceramics 80,095.90 68,244.09 -14.8 Insurance 170,003.13 145,318.52 -14.5 Inv. Banks / Inv. Cos. / Securities…
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 (Sep 09, 2022) Currency Symbol Buying Selling Australian Dollar AUD 150.56 151.81 Bahrain Dinar BHD 594.06 598.56 Canadian Dollar CAD 170.29 171.64 China Yuan CNY 32.1 32.35 Danish Krone DKK 29.91 30.26 Euro EUR 232 234 Hong Kong Dollar HKD…
Miners lift UK’S FTSE 100 on supply disruption concerns UK’s main stock index was lifted by mining shares on Thursday, as a few major metal producers threatened to disrupt supply against a backdrop of global recession fears, while Primark owner Associated British Foods tumbled on dour profit forecast. The commodity-heavy FTSE 100 edged 0.3 percent higher, while the more domestically focused mid-FTSE 250 was up 0.5 percent, as of 0709 GMT. The mining sector climbed 1.5 percent, tracking firm copper prices on concerns of potential disruptions in major producer-countries. The rate-sensitive banking sector advanced 0.4 percent, after dropping more than…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMX Vilnius [+] 09/09/2022 914.96 0.44% -0.57% -1.30% -8.67% -5.15% LuxX [+] 09/08/2022 1,372.57 -0.41% -1.35% -7.39% -19.33% -17.43% FBMKLCI [+] 09/08/2022 1,494.73 0.23% 0.24% -0.09% -6.44% -4.64% MSE Malta [+] 12/31/2022 3,648.01 0 0 0 -7.52% -7.52% SEMDEX [+] 09/08/2022 2,108.53 0.71% 0.69% 2.06% 8.34% 0.51% IPC MEXBOL [+] 09/08/2022 46,283.34 0.49% 0.86% -2.26% -10.08% -13.12% MONEX20 [+] 09/08/2022 11,218.30 0.02% 0.02% 0.16% 2.61% 13.69% MASI [+] 09/09/2022 12,157.38 0.00% 0.17% 1.44% -6.27% -8.99% NSX Namibia [+] 09/07/2022 1,485.70 -1.75% -1.11% -6.05% -1.43% -5.47%…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] July 2022 8.5% 6.3% United Kingdom [+] July 2022 10.1% 6.4% Germany [+] July 2022 7.5% 6.6% France [+] July 2022 6.1% 4.6% Japan [+] July 2022 2.6% 2.2% Spain [+] July 2022 10.8% 5.8% Italy [+] July 2022 7.9% 6.0% Portugal [+] July 2022 9.1% 7.3% Greece [+] July 2022 11.6% 6.3% Ireland [+] July 2022 9.1% 6.2% Argentina [+] July 2022 71.0% 46.2% Austria [+] July 2022 9.3% 6.7% Australia [+] June 2022 6.1% 4.0% Belgium [+] July 2022 9.6%…
Uber generated 4,500c for Bangladesh’s economy in 2021 Uber on Sunday revealed that they helped transform the on-demand economy for riders, driver partners, and the wider community by generating Tk4,500 crore for Bangladesh’s economy in 2021. Uber’s 2021 Bangladesh Economic Impact Report, researched and compiled by Public First, a UK based policy research firm, dove deep into the factors behind the economic contribution, consumer surplus, how users benefit, and how driver partners gain from flexible work, according to a press release. As per the report, Tk4,500 crore contribution included both the impact of earnings of driver-partners facilitated by Uber, and…
Container shipping profits will drop by 80pc in 2023/24: HSBC report After two years of unprecedented rises container freight rates were seen as having peaked with a downcycle in 2023 – 2024 driven by overcapacity. However, Parash Jain, Head of Shipping & Ports & Asia Transport Research for HSBC does not believe the sector will return to losses, which have so often characterised it over the last two decades pre-pandemic. “There are signs that spot rates could fall to pre-pandemic levels swiftly on the widening demand-supply gap (as seen in the BDI), but we maintain that contract rates should settle…
Coal production increases by 8.2pc y-o-y in August Coal output in India rose to 58.33 million tonnes in August 2022, up by 8.2 percent from the 53.88 million tonnes recorded in the corresponding period of last year. According to Coal Ministry data, Coal India Limited (CIL) as well as other captive mines recorded a growth of 8.49 and 27.06 percent respectively by producing 46.22 million tonnes and 8.02 million tonnes, respectively. Coal dispatch went up by 5.41 percent to 63.43 million tonnes in August 2022 compared to 60.18 million tonnes recorded in August 2021. In August 2022, CIL and other…
Managing Oneself: Revolution in Society Managing oneself is based on these realities: Workers are likely to outlive organizations, and the knowledge worker has mobility. Managing oneself is a REVOLUTION in human affairs. It requires new and unprecedented things from the individual, and especially from the knowledge worker. For, in effect, it demands that each knowledge worker think and behave as a chief executive officer. It also requires an almost 180-degree change in the knowledge workers’ thoughts and actions from what most of us still take for granted as the way to think and the way to act. The shift from…
International research revealed that progress and prosperity of any country depends upon the educational choices available to the masses. Education not only trains the young ones to understand and cope with the complexities of economic growth, but also serves as a lever for its enhancement. It guarantees the quality of human life which ensures socioeconomic growth in a country. Asian countries like South Korea, India and China attained wonderful economic growth in the last few decades mainly educational reforms. In spite of carrying out number of reforms, economic development in Pakistan is still lacking behind than even most of developing…
Education is one of the key factors for changing the existing state of a nation into a distinguished position in the community of nations. While education levels vary from state to state, researchers revealed that there is a clear correlation between the quality of a country’s educational system and its general economic status and overall well-being. In general, developing states tend to provide their citizens a higher quality of education than the least developed states do, and completely developed states provide the best quality of education of all. Education is clearly a vital contributor to any country’s overall health. In…
Pakistan: Literacy Rate (10 Years and Above) (%) Province/Area 2018-19 2020-21 Male Female Total Male Female Total Rural 69.2 48.4 58.5 69.0 48.9 58.8 Urban 82.2 74.3 78.3 82.5 74.3 78.5 Sindh 72.5 49.5 61.6 72.9 49.7 61.8 Rural 60.0 26.5 44.4 58.8 26.8 43.3 Urban 82.8 67.7 75.6 85.2 69.9 77.9 Khyber Pakhtunkhwa 70.1 35.5 52.4 72.8 37.4 55.1 Rural 68.1 31.8 49.4 70.1 33.5 51.7 Urban 79.4 53.2 66.2 85.8 57.8 72.3 Balochistan 70.7 32.7 53.9 69.4 36.8 54.5 Rural 66.3 27.2 49.1 65.0 31.1 49.5 Urban 81.8 46.8 66.4 80.0 50.9 66.8 Source: Labour Force Survey, 2020-21,…
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 ( August 26, 2022) Currency Symbol Buying Selling Australian Dollar AUD 151.27 152.52 Bahrain Dinar BHD 578.03 582.53 Canadian Dollar CAD 167.88 169.23 China Yuan CNY 31.72 31.97 Danish Krone DKK 29.41 29.76 Euro EUR 225 227.5 Hong Kong Dollar…
CAC 40 up 0.39pc France stock were higher after the close on Wednesday, as gains in the Oil & Gas, Basic Materials and Financials sectors led shares higher. At the close in Paris, the CAC 40 added 0.39 percent, while the SBF 120 index added 0.38 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 279 to 249 and 95 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 up 0.08 percent or 1.35 to…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD HANG SENG [+] 08/25/2022 19,968.38 3.63% 0.99% -2.89% -22.28% -14.66% BUX [+] 08/24/2022 43,097.98 0.22% 0.25% 1.82% -16.53% -15.03% ICEX [+] 08/26/2022 2,431.89 0 -1.59% 3.03% -1.03% -7.98% NIFTY [+] 08/25/2022 17,522.45 -0.47% -1.33% 5.36% 5.34% 0.97% JCI Jakarta [+] 08/25/2022 7,174.21 -0.28% 0.02% 4.60% 17.36% 9.01% TA-35 [+] 08/25/2022 2,060.40 -0.33% 0.77% 8.22% 16.58% 4.16% ASE Amman [+] 08/25/2022 2,563.17 0.04% -0.12% -1.62% 27.97% 20.98% KASE [+] 08/25/2022 3,131.60 0.86% 1.76% 13.58% 1.26% -14.79% KSW Kuwait [+] 08/25/2022 8,705.91 -0.40% 1.02% 1.56% 17.36% 13.96%…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] July 2022 8.5% 6.3% United Kingdom [+] July 2022 10.1% 6.4% Germany [+] July 2022 7.5% 6.6% France [+] July 2022 6.1% 4.6% Japan [+] July 2022 2.6% 2.2% Spain [+] July 2022 10.8% 5.8% Italy [+] July 2022 7.9% 6.0% Portugal [+] July 2022 9.1% 7.3% Greece [+] July 2022 11.6% 6.3% Ireland [+] July 2022 9.1% 6.2% Argentina [+] July 2022 71.0% 46.2% Austria [+] July 2022 9.3% 6.7% Australia [+] June 2022 6.1% 4.0% Belgium [+] July 2022 9.6%…
Drought hurts China’s economy as central bank cuts rates Record-high temperatures and a severe drought in west-central China have crippled hydropower generation and prompted the shutdown of many factories there, in the latest blow to a Chinese economy that already has stagnant consumer spending and a deeply troubled real estate market. Sichuan Province in west-central China, one of China’s most populous and a fast-growing industrial base in recent years, normally generates more than three-quarters of its electricity from huge dams. The summer rainy season usually brings so much water that Sichuan sends much of its hydropower to cities and provinces…
Felixstowe port workers strike to compound supply chain woes Some 1,900 port workers have gone on strike from 21 – 28 August at the Port of Felixstowe over proposed pay increases offered by the Hutchison Ports run terminal. Members of Unite the Union voted overwhelmingly in favour of strike action at the end of July. As the UK’s largest container port Felixstowe handles around 4m teu annually or roughly 48 percent of the country’s containerised volumes and is a regular port of call on mainline Asia – Europe services. Phil Reuben, Executive Director of supply chain and logistics consultancy SCALA,…
CS Brazil h1 August sugar production expected to fall 5pc on the year Sugar production in Brazil’s key Center-South region is expected to total 2.85 million mt in the first half of August, reflecting a 5 percent year-on-year decline, according to results from an S&P Global Commodity Insights survey of 11 analysts released Aug. 23. During the survey, the cane crush estimate ranged from 37 million mt to 43.8 million mt. The average estimate was for a total cane crush of 41.4 million mt, down 7.5 percent on the year. Weather in the Center-South region was mostly favorable for crushing…
Practice Comes First Decision makers need to factor into their present decisions the “future that has already happened.” Decision makers – in government, in the universities, in business, in the labor unions, in churches – need to factor into their present decisions the future that has already happened. For this they need to know what events have already occurred that do not fit into their present-day assumptions, and thereby create new realities. Intellectuals and scholars tend to believe that ideas come first, which then lead to new political, social, economic, psychological realities. This does happen, but it is the exception.…
International Experts identified that there is a fundamental reason why emerging and developing countries amass external debt is lack of saving and investment. Countries with insufficient savings will approach the local or international debt market to borrow money for consumption smoothing and sustaining economic growth. Moreover, low government revenue, low levels of investment, and balanced budget deficits are additional reasons why developing countries approach the debt market. The Experts also recorded that the external debt of the government is the debt owed to holders of government securities like treasury bills, treasury notes, and treasury bonds. The government borrows by issuing…
The Experts in the world investigated that in developing countries, labour markets play a central role in determining economic and social progress since employment status is one of the chief determinants of exiting poverty. Ultimately, having a decent, well-paid and secure job is the most sustainable path to increasing incomes and consumption levels. However, the reality in the formal economy of most developing countries is that the labour market fails to create the jobs needed to assist individuals and their families prosper. Rather, the labour markets tend to be characterized through the persistence of informality in urban regions, the continuing…
Pakistan: Exports, Imports And Balance Of Trade (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d Jan-20 2,056 14,464 -2.6 2.3 3,931 27,245 -15.1 -14.3 -1,875 -12,781 Feb-20 1,996 16,460 -2.9 2.8 3,581 30,826 -8.9 -12.4 -1,585 -14,366 Mar-20 1,821 18,281 -8.8 1.3 3,310 34,136 -7.6 -13.2 -1,489 -15,855 Apr-20 1,423 19,704 -21.9 -2.1 3,144 37,280 -5.0 -14.2 -1,721 -17,576 May-20 1,259 20,963 -11.5 -6.7 2,805 40,085 -10.8 -16.2 -1,546 -19,122 Jun-20 1,573 22,536 24.9 -7.1…
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 (AUGUST 12, 2022) Currency Symbol Buying Selling Australian Dollar AUD 159.29 160.54 Bahrain Dinar BHD 596.93 601.43 Canadian Dollar CAD 175.7 177.05 China Yuan CNY 33.38 33.63 Danish Krone DKK 31.17 31.52 Euro EUR 217 220 Hong Kong Dollar HKD…
FTSE 100 rises on avast boost Britain’s main stock indexes closed higher on Wednesday as Avast surged after it won regulatory approval for NortonLifeLock’s $8.6 billion deal, while banks rose a day before an expected interest rate hike from the Bank of England. Shares of Avast Plc soared 43.8 percent to an all-time high after Britain’s competition regulator said it has provisionally cleared cybersecurity firm NortonLifeLock’s $8.6 billion purchase of its rival. The blue-chip FTSE 100 index was 0.5 percent higher, while the domestically focussed midcap index gained 0.7 percent. Both the indexes clocked strong gains in July, with the…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CR Indice Accionario [+] 08/09/2022 11,894.35 0 0.00% 0.00% 28.23% 0.00% CROBEX [+] 08/10/2022 1,987.72 0.09% 1.35% 0.55% 1.21% -4.41% CSE [+] 08/10/2022 68.95 0.16% 0.66% 1.85% 0.12% 0.42% PX [+] 08/10/2022 1,249.73 0.48% 1.31% 1.54% 0.98% -12.36% OMXC20 [+] 08/10/2022 1,752.22 2.36% 2.33% 3.22% -2.91% -6.00% EGX30 [+] 08/10/2022 9,965.46 -0.03% -1.56% 13.71% -8.18% -16.60% OMX Tallinn [+] 08/11/2022 1,888.33 2.25% 5.54% 6.95% 3.73% -5.57% OMX25 [+] 08/10/2022 4,851.84 1.61% 1.70% 4.93% -14.88% -12.92% GSE Ghana [+] 08/10/2022 2,475.59 3.60% 3.30% -2.48% -9.78% -11.25%…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] June 2022 9.1% 6.3% United Kingdom [+] June 2022 9.4% 5.8% Germany [+] June 2022 7.6% 5.7% France [+] June 2022 5.8% 4.3% Spain [+] June 2022 10.2% 6.1% Italy [+] June 2022 8.0% 5.5% Portugal [+] June 2022 8.7% 7.4% Greece [+] June 2022 12.1% 8.3% Ireland [+] June 2022 9.1% 5.7% Armenia [+] June 2022 8.1% 6.3% Angola [+] June 2022 23.0% 8.5% Argentina [+] June 2022 64.0% 36.2% Austria [+] June 2022 8.7% 5.8% Belgium [+] June 2022 9.7%…
China’s economy could be dragged down The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned. The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filings with the Hong Kong stock exchange, Evergrande instead said it had “preliminary principles″ in place for the restructuring of its offshore debts. It also said one of its subsidiaries, Evergrande Group (Nanchang), had been ordered to pay an unnamed guarantor 7.3 billion yuan ($1.08 billion) for failing to…
World’s longest green corridor planned between Singapore and Rotterdam Efforts are underway to form the world’s longest green corridor to enable low and zero carbon shipping between the hubs of Singapore in the Far East and Rotterdam in Europe. The port authorities for each port are joining with others in the industry hoping to inspire others to follow their lead while they also seek to expand on the concept of green shipping corridors first launched at the COP26 conference last fall in Glasgow. Beyond supporting the adoption of alternative fuels, a new agreement between the Maritime and Port Authority of…
Rice production under threat Rice production is under threat in parts of Asia from higher fertilizer costs at a time when demand is increasing, posing a potential risk to food security and efforts to contain inflation. Crop yields may decline in Thailand, the world’s second-largest exporter, because of elevated prices for crop nutrients, according to a research unit of Kasikornbank Pcl, while in the Philippines, the No. 2 importing country, a lower harvest is likely to increase the need for overseas purchases. China’s worried about the crop impact of pests, while India’s output depends on a good monsoon. Most of…
Long-Range Planning The future requires 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 capital market is an organized market where both individuals and business entities can trade various financial instruments such as bonds, stocks, government securities etc. Capital market is a key source of funds for an entity whose securities are permitted by a corporate regulatory authority to be traded, since it can readily sell its debt obligations and equity to investors. It is also said that capital market offers a variety of financial instruments that enable economic agents to pool, price and exchange risk. Through assets with attractive yields, liquidity and risk characteristics,…
International studies identified that cement is a binder, a substance utilized for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggregate) together. Cement mixed with fine aggregate produces mortar for masonry, or with sand and gravel, produces concrete. Cement is the most broadly used material in existence and is only behind water as the planet’s most-consumed resource. Studies also showed that the global cement clinker and cement market size was estimated at USD 822.90 million in 2021 and is projected to…