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As foreigners depart, Singapore sees population drop for first time since 2003

by AIP Online Bureau | Sep 25, 2020 | Eco/Invest/Demography, Facts

  SINGAPORE: Singapore’s population has shrunk for the first time since 2003 as travel curbs and job losses brought about by the coronavirus pandemic have pushed foreign workers from the global business hub. The overall population dropped by about 18,000...

India plans $4.6 billion in incentives for battery makers in electric vehicle push – document

by AIP Online Bureau | Sep 25, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

  NEW DELHI: India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by...

S&P affirms India’s ‘BBB-‘ rating; says space for fiscal stimulus limited

by AIP Online Bureau | Sep 25, 2020 | Uncategorized

  New Delhi: The Indian economy will experience a record contraction in the fiscal year to March 2021 on account of the global Covid-19 pandemic but real GDP will recover significantly in FY22, rating agency Standard and Poor's said on Friday. S&P...

LIC, GIC Re & New India Assurance are Domestic Systemically Important Insurers, need enhanced supervision:IRDAI 

by AIP Online Bureau | Sep 25, 2020 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Risk Management

  Hyderabad: The insurance regulator IRDAI has identified three large state owned insurers- Life Insurance Corporation of India,( LIC), General Insurance Corporation of India and The New India Assurance as Domestic Systemically Important Insurers...

Lloyd’s of London CEO expects appeal over UK business insurance judgment

by AIP Online Bureau | Sep 25, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance

  LONDON: Lloyd’s of London  Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that...
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