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Finance

Fiji, Japan sign standby disaster loan financing agreement

Fiji and Japan signed an exchange of notes on Wednesday for a second stand-by disaster loan financing of around 72.0 million Fijian dollars (around 32.4 million US dollars), which will assist in any future needs for disaster recovery and rehabilitation.

Tech Outage

The global tech outage on Friday, triggered by a software update from a leading cyber-security firm, serves as a stark reminder of the fragility inherent in our increasingly digital world.

Market Governance

The greed of Indian corporate promoters is unparalleled. There is a saying in the stock market that promoters recover their investment by bringing in their first IPO in which they sell their shares to the public at highly inflated prices. This saying has more than a grain of truth in it; almost all share issues are priced at many times of their face value; typically, a share with a face value of Rs.10 is offered to the public at Rs.600-Rs.700