India is a real bright spot in the midst of a global downturn: CEOs

With the 2023 World Economic Forum in Davos dominated by discussions of economic growth, or the lack thereof in most developed countries, one country is often cited as a bright spot. Bank of Japan Governor Haruhiko Kuroda said in the closing session of the event that India is doing “extremely well,” while highlighting acute challenges … Read more

Australia PMI, Japan Jibun Flash PMI, Lunar New Year holiday

Passenger volume at Auckland Airport in New Zealand was 74% of pre-pandemic levels in November New Zealand’s Auckland Airport saw total passenger volume for November reach 74% of levels seen in the fiscal year to June 2019, or the last full year unaffected by the pandemic, according to the airport’s report. Monthly traffic update. The … Read more

Trade mixed in Asia Pacific markets as the region kicks off in 2023

India’s cement stocks have performed well in government infrastructure spending, says IIFL Securities Sanjiv Bhasin, director at investment management firm IIFL Securities, said domestic cement stocks in India are set to rise as government spending on infrastructure increases. Government spending on both commercial and real estate, and [developments on] Infrastructure will see cement companies perform … Read more

ex-Stripe exec wants to stay in power over explosive growth

Vidit Agrawal of GajiGesa wanted to offer workers access to their wages as they earn them, between traditional month-end pay cycles. This gives workers more liquidity and protects them from predatory lenders. GajiGesa Vidit Agrawal, co-founder of startup GajiGesa in Indonesia, knows that insane growth is a good thing. But staying power is better. “Everyone … Read more