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KUCHING (Nov 4): Head of State Tun Pehin Sri Abdul Taib Mahmud was honoured with a special Lifetime Achievement Award for his dedication and commitment towards the growth of Sarawak. This was announced during the International Business Review (IBR) Awards 2023 gala dinner and presentation ceremon
Viettel Post, part of Viettel, won a gold and two bronze Stevie awards at the International Business Awards in Rome on October 13.
Last weekend, when the situation in Israel emerged. First thoughts on the street was that a sharp rise in the crude oil price is inevitable. Initial reaction was pretty much on the same line, however that spike did not sustain beyond one day. Is that an indication that the crisis in the most oil sensitive part of the world was not able to push oil prices higher than what would make them rise. While the whole of the Indian economy would like oil prices to stay low, one sector which would like it more than any other sector is logistics. Especially in the midst of the festive season.
The logistics sector in India is expected to create 10 million jobs by 2027 as it undergoes a shift towards becoming more organized. Initiatives such as the Production Linked Incentive scheme and the PM Gati Shakti program are expected to drive growth in the industry.
The city's rental rate increased 7.5% year-on-year, reaching Rs 21.50 per square foot per month, compared with Rs 20 per square foot per month the previous year, Knight Frank's Asia-Pacific Logistics Highlight H1 2023 report showed. Additionally, the city maintained a healthy vacancy rate of 15.8%, which was significantly lower than 28.2% earlier.