News & Events
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JSW Steel to develop coking coal mine in Mozambique
JSW Steel has taken a significant step to secure long-term coking coal supplies by launching the Minas de Revuboè (MdR) coking coal mining project in Mozambique’s Moatize coal basin, located in Tete Province.
This strategic backward integration move gives JSW Steel access to high-quality prime hard coking coal, a critical raw material for steel production, helping reduce dependency on volatile global markets and support cost optimisation.
The MdR project boasts substantial reserves: approximately 850 million tonnes total, with around 250 million tonnes of usable coking coal. JSW Steel plans phased development, with the first phase set for completion in about 2.5 years, targeting an initial production of 2.4 million tonnes per annum (mtpa) of premium hard coking coal.
The project aligns perfectly with JSW Steel’s ambitious growth plans, including its target to achieve 50 million tonnes per annum steelmaking capacity in India by 2030. By securing reliable, high-grade coking coal closer to home, JSW Steel aims to shield against price fluctuations, enhance supply chain security, and drive sustainable expansion in the steel industry.
Read the original article here: https://www.financialexpress.com/business/news/jsw-steel-to-develop-coking-coal-mine-in-mozambique/4172988/
Sunway Healthcare jumps 28% on debut after Malaysia’s biggest IPO in almost a decade
Malaysia’s Sunway Healthcare made a strong debut on the stock market, with its shares jumping 28% on the first day after raising $732 million in the country’s biggest IPO in nearly a decade. The stock opened above its offer price and closed significantly higher, reflecting strong investor demand.
The company is one of Malaysia’s leading private healthcare providers, which operates major hospitals, including Sunway Medical Centre in Kuala Lumpur. Its successful listing has helped Malaysia lead Southeast Asia in IPO proceeds this quarter.
The strong performance stands out against a mixed trend in other Asian markets, where some recent listings have struggled due to global uncertainties.
Read the original article here: https://www.msn.com/en-us/money/other/sunway-healthcare-jumps-28-on-debut-after-malaysias-biggest-ipo-in-almost-a-decade/ar-AA1YTGwO?ocid=BingNewsVerp
Mastercard to acquire crypto startup BVNK for up to $1.8 billion in largest stablecoin deal to date
Mastercard is buying a London crypto startup called BVNK for up to $1.8 billion—the biggest stablecoin deal ever. About $300 million of that is tied to future milestones, with the purchase wrapping up by year-end.
BVNK, started in 2021, helps businesses handle payments, international transfers, and treasury stuff using stablecoins. The deal came after rocky on-off talks where Coinbase almost snapped them up for $2 billion last November, but it fell through.
Read the original article here: https://www.msn.com/en-us/money/other/mastercard-to-acquire-crypto-startup-bvnk-for-up-to-1-8-billion-in-largest-stablecoin-deal-to-date/ar-AA1YPK4H?ocid=BingNewsVerp
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Bangladesh’s Fashion Startup Evolution | Webinar Recording
The webinar explores how Fabraex, a budding Bangladeshi fashion startup, bridges the gap between traditional and modern fashion by empowering locals with unique designs. CEO Saqlain presents on Fabraex’s challenges and opportunities, highlighting their stylish, ethical, and affordable fashion fabrics.
Bangladesh’s Fashion Startup Evolution
Join us for an exciting webinar that will take you on a journey through the world of Fabraex – a budding Bangladeshi fashion brand with a fresh perspective on blending cultural heritage with contemporary style. Founded by the visionary Fahim Khandkar and driven by the leadership of CEO Saklain bin Salim, Fabraex is a young startup on a mission to empower individuals to embrace their authentic identities through fashion.
Fireside chat with Dr Indrajit Coomaraswamy: Lessons to be learnt from Sri Lanka’s recent economic crisis | Webinar Recording
The ongoing economic crisis in Sri Lanka offers important lessons for policymakers globally. In a thought-provoking fireside chat, Julia Charlton chair of the Commonwealth Chamber of Commerce speaks with Dr. Indrajit Coomaraswamy, former Governor of Sri Lanka’s Central Bank, to analyse the origins and impacts of the crisis, along with Sri Lanka’s path to recovery.
Reimagining the Commonwealth Continuum Revolutionising Commonwealth Trade
The Trade Review investigates the impact of the COVID-19 pandemic on Commonwealth trade performance and outlook on recovery. It also offers policy revisions and guidelines for policy-makers and businesses.
Islamic Banking Overview
This newsletter and presentation is an overview of Islamic Banking which is particularly relevant to the 730 million or so members in the Commonwealth, and a guide for non-Muslims to Islamic banking practices.
Commonwealth Secretariat report on impact of COVID-19 on maritime trade and post-pandemic recovery policies
On 26 June 2021, the Commonwealth Secretariat released a study on oceanic trade and port rankings. It surveys impacts of the pandemic and other factors, and highlights policy gaps for effective trade growth.
An Ode to Mussels
In June of 2020, the World Economic Forum held their 50th annual meeting amidst the early days of the coronavirus pandemic. Normally the World Economic Forum focused on improving market efficiencies, business innovations, and global trade, but this meeting was particularly different.
Guardians of the forests
Earlier this month, over 120 world leaders gathered in Glasgow, Scotland, to attend the 26th United Nations Climate Change Conference (COP26) which Prince Charles described as “the last chance saloon” to save the world from runaway climate change.
Advancing gender equality in Africa
Gender equality has been thoroughly misconstrued in Africa. However, it should be clarified that gender equality does not undermine one gender and make the other weaker. Rather, it denotes that there should be equal opportunities for men and women and sex should not be a prerequisite for who should qualify for opportunities.