Timeline for Easing Business Restrictions Outlined
Total Page：16
File Type：pdf, Size：1020Kb
IFB Market Cap Shows 2267 Bcm of Gas Sizeable Growth PrProducedod Last Year The total market capitalization of Iran Fara Bourse, AnAn estimatedestim 267 billion cubic meters the junior stock market for trading stocks, amounted to ofof naturalnatura gas was produced in the last 6,955 trillion rials ($43 billion) during the last fiscal year fiscalsca year that ended in March, that ended on March 19. The figure shows 170% growth director of dispatching at over the course of one year, according to data on IBENA the National Iranian Gas website. 6 Company said. 3 USD 164,000 Rial EUR 178,000 Rial GBP 203,000 Rial AED 45,000 Rial JPY 150,000 Rial CNY 23,000 Rial Coin 65,030,000030,00,000000R RialRiialiaalal Tehran Stocks Push Higher After tagging higher a session earlier, the Tehran stock benchmark added more than 1% Sunday despite visible Timeline for Easing Business cautiousness among investors. The main gauge of Tehran Stock Exchange, TEDPIX, gained close to 6,500 points to finish trade at 573,903 points. TEDPIX has gained nearly 70,000 points since the beginning of the Persian New Year on March 20. Growth for the equal-weighted index was higher at 1.73%, Restrictions Outlined indicating that investors played safe vis-a-vis large-cap ran plans to scale back restrictive As per the plan, low-risk businesses are pools, sports centers or any place of gathering, taskforce’s session on Sunday. companies and preferred smaller listed firms. measures adopted to minimize exposure scheduled to resume activities starting April 11 will remain closed until further notice. “Businesses are to abide by health Worried about the future impact of coronavirus on financial to the novel coronavirus in business in all provinces, except Tehran that can follow “Economic activities and health protocols protocols set by the Health Ministry—the markets around the world, investors stood back waiting for outlets under its new initiative dubbed suit on April 18, President.ir reported. can be pursued alongside,” President main entity in charge of supervising the international markets to open on Monday, according to the I Smart Distancing. High-risk workplaces, including swimming Hassan Rouhani said during the coronavirus implementation of the protocols.” 2 analytical stock market website Donyaye Bourse. Mounting fears and panic over the fallout from the deadly virus on the global economy have rocked markets worldwide, with stock prices and bond yields plunging and economies in coma both in the rich and poor countries. 6 Update on Border Airlines’ Losses Cross $180m Crossings Amid Iranian airlines are estimated to have sustained 30,000 billion rials ($187 million) in losses by April 3, as coronavirus has halted Virus Outbreak flights within the country and abroad. Secretary of the Association of Iranian Airlines Maqsoud Asadi-Samani also said three airlines have grounded their entire fleet, Fars News Agency reported. “The number of air passengers reduced by 76% and flights by 90% during Norouz [Iranian New Year] holidays [March 20-April 3], according to the latest data released by Iran Airports Company,” he said. Hamid-Reza Seyyedi, an official with the company, said IAC revenues have declined by 80%, following the shutdown of domestic and foreign flights. 5 $3.2b Divestitures on the Table Government Embraces Downsizing in Earnest The government in Tehran plans to divest the residue of its stakes in 18 companies, estimated at 520 trillion rials ($3.2 billion). According to a report by the Ministry of Economy, the divestitures are in line with efforts to help curb government intervention in the economy, the ministry’s news website shada. ir reported. Trade between Iran and Iraq is currently underway through the border crossings of Parvizkhan, Tamarchin and Bashmaq. Two main divestiture policies are on the table, namely selling Spokesman of the Islamic Republic of the outbreak of the new coronavirus has will remain closed for trade until April 15,” Latifi noted that trade between the two in cash to potential buyers and offering shares via exchange- Iran Customs Administration Rouhollah restricted the flow of goods through land he said. sides are currently underway through the traded funds. 6 Latifi has given the latest account of Iran’s borders. “The border crossings of Shalamcheh, border crossings of Parvizkhan, Tamarchin commercial exchanges through border “Iran’s border crossings with Iraq, except Chazzabeh, Mehran and Khosravi will stay and Bashmaq, Mehr News Agency French Healthcare Workers crossings with neighboring countries, as for those with the Iraqi Kurdistan Region, closed for commercial exchanges.” reported. 4 Weigh Life-or-Death Decisions With those worst hit by the virus facing an agonizing death from asphyxia, palliative care specialists in France are struggling amid India Bans All drug shortages to give victims the most humane end possible. Trump: ‘Going to Be a Lot of Death’ in US Next Week From Coronavirus As the epidemic gathers pace, care teams in the badly hit east Exports of President Donald Trump told patients need to survive to the respiratory disease caused horrendous,” Trump said at the of the country have been sharing their experiences of how they Americans to brace for a big states, saying some governors by the coronavirus. More than White House. “We probably have made tough decisions on who should and should not be given ‘Game Changer’ spike in coronavirus fatalities in are asking for more machines than 306,000 people have tested never seen anything like these precious intensive care beds, France24 reported. the coming days, as the country they will need. positive in the US and over kind of numbers. Maybe during For some patients, such treatment may be both pointless and Virus Drug faces what he called the toughest “Fears of shortages have led 8,300 have died, according to the war, during a World War One cruel, argued Professor Olivier Guerin, who heads the French two weeks of the pandemic. to inflated requests,” Trump said a Reuters tally. White House or Two or something.” Gerontology and Geriatrics Society (SFGG). India put a total ban on exports of “There’s going to be a lot of of submissions his administration medical experts have forecast In the grimmest day yet for hydroxychloroquine, a malaria drug that “Making the choice of who should be resuscitated is what death,” Trump said at a briefing has received to dole out that between 100,000 to 240,000 the US state hit hardest by the intensive care teams do all the time,” he said. US President Donald Trump has touted with reporters, Reuters reported. equipment from the strategic Americans could be killed in the pandemic, coronavirus-related as a “game changer” in the fight against He pushed back on criticism national stockpile. pandemic, even if sweeping illnesses killed 630 people in the China’s Giant Computer Co. Covid-19. Exports of the drug and its that the federal government has The United States has the orders to stay home are followed. last 24 hours in New York state, formulations have been prohibited not done enough to get ventilators world’s highest number of known “We are coming up to a governor Andrew Cuomo said on Reports Production Record “without any exceptions” and with that many critically ill coronavirus cases of COVID-19, the flu-like time that is going to be very Saturday. immediate effect, India’s Directorate Despite COVID-19 General of Foreign Trade said in an April 4 order on its website. A total of 2.72 million units of computers were churned out in The trade regulator had last month March at LCFC (Hefei) Electronics Technology Co., Ltd, the restricted overseas shipments of the Lebanon Central Bank Eases Singapore Shuts Schools and largest PC R&D and manufacturing base of Chinese tech giant drug, allowing only limited exceptions Lenovo, helping LCFC earn a monthly revenue record of more such as on humanitarian grounds and Currency Withdrawals Closes Most Workplaces than 10 billion yuan (about $1.41 billion). for meeting prior commitments. On March 27, more than 124,500 units of computers rolled off The new ban reflects India’s rising Lebanon’s Central Bank on Friday said depositors with small Singapore’s Prime Minister Lee Hsien Loong on Friday the production line, registering a record high of daily output at the concern over the rapid spread of the dollar-denominated accounts would soon be able to withdraw - announced stricter social distancing measures in the city state, computer enterprise in east China’s Anhui Province, said LCFC, novel coronavirus, with incidents of and withdraw in local currency - money that has been trapped in and said the government is rethinking its advice that only those Xinhua reported. community spread emerging from the Lebanese banking system for almost half a year. who are ill need to wear masks. “We are catching up orders for nearly 3 million units of all types different parts of the country of 1.3 The cash will be disbursed at a market rate set daily on an Lee said the situation in Singapore is under control, but noted of computers and servers, which are about three times the amount billion people, Bloomberg reported. online platform. A senior banking source told Al Jazeera that the that the number of reported cases have increased from fewer in the same period of last year,” said Bai Peng, CEO of LCFC. It comes on a weekend when platform is expected to be ready within a week to 10 days, at than 10 a day to more than 50 new infections daily. The Southeast Electronic devices with a large display such as computers and Prime Minister Narendra Modi which point the new measures may go into effect.