Asian eyes

Hong Kong ought to be looking at winning another accolade — making itself a world digital sourcing and supply chain services pivot — by taking full advantage of the Guangdong-Hong Kong-Macao Greater Bay Area's development and the historic signing of the world's biggest free trade pact, prominent industrialists and investment pundits say. … [Read more...] about Hong Kong eyes crown in supply chain shift

Notably, the Budget promised succour for farmers and outlined sweeping aid and social security benefits for needy families. The LDF hoped to replicate its "local body poll win" in the Assembly elections. It felt a populist Budget was the perfect foil for the "recriminatory" campaign unleashed by the Congress and Bharatiya Janata Party (BJP). … [Read more...] about Isaac leans on welfarism with an eye on polls

Talking about benefits of CPEC for the country's southwest Balochistan province where the Gwadar port is located, the president said that CPEC will create ample employment opportunities for the people of Balochistan, resulting in their socio-economic prosperity. … [Read more...] about CPEC to provide great benefit to Afghanistan, Central Asian countries: Pakistani president

ISTANBUL, Jan. 15 (Xinhua) -- Turkey's steel sector will follow a policy based on the diversification of its export markets in 2021 with a significant focus on the Far East, South America, and West Africa, said Adnan Aslan, chairman of the Turkish Steel Exporters' Association. … [Read more...] about Turkey’s steel industry eyes on Far East, South America, West Africa in 2021

NEW DELHI: Indigo Paints arranged a virtual analyst meet on Thursday ahead of its IPO on January 20. The meeting was represented by MD & CEO Hemant Jalan, Chief Financial Officer Chetan Humane and Chief Operating Officer Suresh Babu. Domestic brokerage Nirmal Bang Institutional Equities, which attended the virtual meet, has jot down the following takeaways from the meet:FinancialsIndigo’s revenue has grown at a CAGR of 42 per cent over FY10-FY19. Even during FY20, when all companies were affected by the outbreak of Covid-19, Indigo managed to post a healthy revenue growth of 16 per cent. During H1FY21, while there were no conscious cost reduction measures taken and the company even implemented salary increments in June, Ebitda margin expanded on account of lower ad spends during the period, as April and May, which is generally an ad-heavy period, witnessed lockdown.The company has incurred high ad spends in the last 4-5 years and is now leveraging its brand equity to … [Read more...] about What Indigo Paints management told analysts ahead of IPO