During Mar-2021, textile exports increased by 30% YoY to US$1.36bn, compared to US$1.04bn in the same month last year. Growth during the month was essentially a recovery, given the poor performance of textile exports in Mar-2020 owing to the lockdowns….
NEW YORK: Facebook will enable stories scheduling for both Facebook and Instagram, along with a new business discovery process from the News Feed. “People already discover businesses while scrolling through News Feed, and this will make it easier to discover…
Large-scale manufacturing (LSM) continued on a positive trajectory in February, with 4.85% growth compared to the same month last year. Cumulatively speaking, 8MFY21 LSM growth now stands at 7.45% YoY. On MoM basis, there was a minor decline of 4.15%,…
The International Monetary Fund (IMF), in its World Economic Outlook (WEO) 2021 report, expects a strong rebound in the global economic growth in 2021 as Covid-19 vaccine rollouts get underway, but it warns of uncertainty that surrounds given the challenging…
OCAC released the sales volumes for OMCs for 9MFY21. During the period, collective sales were recorded at 14.2mn MT up by (+16%/YoY) on the back of increasing transportation activities, pickup in auto sales, and FO demand hatching from power sector….
CPI inflation recorded at 9.05% YoY in Mar’21 For the month of Mar’21, headline inflation as measured by CPI clocked-in at 9.05% YoY, taking the 9MFY21 average inflation to 8.34% YoY compared to 11.55% in 9MFY20. On a yearly basis,…
§ Pakistan is all set to float USD denominated Eurobonds in the international market, under the Global Medium Term Note Programme. After a hiatus of almost 4 years, Pakistan is tapping the international bond market, with last Eurobond (USD 1.5bn…
BUDAPEST: 4iG PLC signed a preliminary, non-binding, agreement with RCS & RDS consortium to acquire the 100% ownership of DIGI Távközlési Szolgáltató Kft. and its subsidiaries, Invitel Zrt. and I TV Zrt. The acquisition is aimed to be completed by…
All-time high generation for February – up by 4.0% YoY § Power generation went up by 4.0% YoY to 7,281 GWh (10,835 MW) during Feb’21, compared to 7,002 GWh (10,060 MW) during Feb’20. § Major contributors during Feb’21 were: Hydel (Share: 28%),…
AMSTERDAM: AMG Advanced Metallurgical Group N.V. has been promoted from the AScX (small cap) to the AMX (mid cap) index, effective Monday, March 22, 2021. Euronext announced the results of the annual review of its AEX, AMX and AScX indices,…
SYDNEY: Medusa Mining Limited announced the appointment of Andrew Teo as Managing Director and Jeffery McGlinn as Non-Executive Chairman, effective 19 March 2021. Mr Teo has been the Chairman of Medusa since November 2013 and a Board member since February…
LONDON: Ofcom, UK’s communication regulator, has raised a total of £1.356 billion from the principal stage spectrum auction, with all money to be paid to HM Treasury. Ofcom has announced the outcome of the principal stage of its auction to…