Ngulminthang Lhanghal - Financial Expert

The recent news says, African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) together endorsed a US$250 million facility with an agenda to facilitate funding for the bank to propel an advanced acquisition of Covid-19 vaccines and lead a trade-led economy. The aforesaid agreement took place between Prof. Benedict Oramah, President of Afreximbank, and Eng. Hani Salem Sonbol, CEO ITFC during the authority visit of Prof. Oramah and the Afreximbank representatives to the ITFC Headquarters in Jeddah. This facility by ITFC will help Afreximbank’s COVID-19 response program geared up for nations in which these organizations operate their activities, securing crucial goods for the improved health of the local populaces, and empowering a swifter return to the economic activity. Plus, the innovative step will also help improve the bank’s capacity to facilitate trade finance instruments while they are of the absolute need for the continent’s export i...

 Summery  An uneven & slow Covid-19 vaccine rollout associated with an inability to develop a strategy for coping with the pandemic has brought Hong Kong government policy to the target of business and finance industries.  The Hong Kong Government strategy is experiencing a more straightforward reproval from businesses and other industries in the finance sector in the past two months than in two years of political and social disturbance.  A lethargic Covid-19 immunization rollout combined with the inability to establish an exit plan from the global pandemic has finally triggered criticism among regional bankers. The financial service sector of Hong Kong has witnessed a privileged status, registering its contribution of over a fifth of the region’s total GDP each year. Over 70 of the world’s 100 largest banks are operating in the Chinese city, and they have been so far protected from the outcomes of Beijing’s tightening grip over Hong Kong. But currently, the bank...

 While it cannot be predicted accurately what type of economic damage will be there from the second wave of global pandemic ie. Covid-19, there is a general opinion among economists & financial experts that it will have severe negative impacts on the global economy. The Covid-19 has already caused the shutdown of businesses, transport and made people quarantine, leading remote working by the private employees worldwide. Not only this, but it has also compelled countries to close their borders and made us witness a mass migration by the laborers in search of a living. Since the global pandemic has spread at a fast pace and is continually infecting millions, it is bringing economic activities to a closer standstill as nations are required to bound strict restrictions on movement to stop the further spread of the virus. There is no doubt that the global economy is at a huge threat of damage. Here, we have brought you the opinions and views of one of the popular financial experts, ...

After witnessing already an in-active and slow-moving trade in 2019, the worldwide businesses and governments were expecting a smooth and accelerated recovery in 2020. But all their high expectations and market optimism were crushed by the outbreak of the Covid-19 pandemic. The year has registered itself as the most historic period when the global pandemic Covid-19 hit the worldwide trade & economy. The international trade transactions among importers & exporters as well as the logistic industry experienced various significant changes amid the second wave of Covid-19. Not only the pandemic led to a noticeable change in the global demand, but it also accelerated the favorable shift towards digital transformation for worldwide businesses. It has been a couple of months into 2021, various businessmen have already started using a plethora of digital tools to ensure their survival amid Covid-19. They are also transforming the way of trading. For example, several small owners have se...

 There is nothing in saying that SMEs/MSMEs (Medium, Small & Micro-Enterprises) are the most significant pillar for a country’s economy to be lied on. They not only contribute over 95% of the businesses in OECD Nations whose members have a considerable role in  global trade , but they are also responsible for creating great job opportunities in countries around the world.   Irrespective of their immense significance in a country’s economy, many small businesses are still struggling to find financial support & are unable to meet their financial goals due to the liquidity crisis. Bank & FI’s rigid policies towards lending to SMEs, and the longer & strict process of evaluating creditworthiness can be considered as one of the contributory factors towards this situation, the  global impacts of Covid-19  are also making this situation even worse.  Several reports are showing SMEs/MSMEs' negative growth for FY 2020-21, making it clear that thi...

 The second wave of the global pandemic ie. Covid-19 has taught traditional banks across the world that being digital & facilitating technological banking & financial solutions is the only key to survive in the market during a crisis. This is the reason why these new technologies, inspired by artificial intelligence, machine learning & other types of robotic process automation (RPA) are being utilized by more & more banking & financial institutions in the hope of delivering improved productivity, cost-saving, and more comprehensive & better banking experience to their customers.  According to our financial expert , Mr. Ngulminthang Lhanghal , several factors are causing disruptions in the banking industry including increased cyber-attacks and many more. And thereby banks across the world are adopting automation to cope with the changes and to provide better solutions to customer’s requirements & preferences. Let’s have a look at how different ways...

The sudden outbreak of the global pandemic of Covid-19 has put everything on a halt. It has its adverse effects on the global economy and is continuously affecting the lives of millions across the world. A plethora of individuals have lost their jobs while many are struggling with a reduction in their income. It has caused financial stress in individuals affecting their overall health and well-being. The unpredicted event has completely changed how people think about money and plan their budgets to cope with daily needs. In such a complex situation, individuals must take some precautionary steps to protect both their health & wealth from the adverse impacts of the pandemic. In this blog, financial advisor, Mr. Ngulminthang Lhanghal is sharing a few essential & smart money management tips that will help you manage your finances and cope with the financial crisis. Let’s have a look: 1. Make An Adequate Emergency Fund - The first & foremost step towards money management duri...

In my previous post, I have told my readers about the particular types of investments that they can liquidate in the event of a financial crisis during the disruptive phase of Covid-19. And many of my readers were interested in knowing more about investing. Of course, when people have even a little bit of cash in their hands, they like to cash this opportunity in the form of higher yields which is understandable.  However, not every person is capable of investing in anything riskier than a savings account or anything else and looks for a professional to guide them to less-riskier investment plans meant for beginners. To help my readers invest in the right manner, here in this blog, I am sharing some key points that you need to consider before you start investing, otherwise it can jeopardize your financial goals. Let’s begin: Things To Keep In Mind Before Start Investing 1. You Need To Set A Budget First - Having a household budget will help you know how much you are left with to i...

The TRIPS Council of the World Trade Organization will discuss a revised proposal submitted by 62 co-sponsors, including India, South Africa, and Indonesia, seeking patent waivers to manufacture COVID-19-related medical products, an official said. In October 2020, India and South Africa had submitted the first proposal suggesting a waiver for all World Trade Organization (WTO) members on the implementation of certain provisions of the TRIPS Agreement in relation to the prevention, containment or .. The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS came into effect in January 1995. It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets. According to the revised proposal, the waiver should be in force for at least three years from the date of the decision on the matter. The co-sponsors have stated that the duration has to be practical for ma...

 Since the global pandemic of Covid-19 hit the economy, many businesses have been affected adversely across the world. Though governments are taking quick initiatives to prevent the rising number of infected cases from spreading and spiking the global healthcare systems, being in the import/export business, it can be a little bit frustrating. International commuting is restricted, global centers of commerce are shut down and foreign governments are imposing strict regulations. In this scenario, selling your goods & services overseas is a tough task. Here working remotely is proving like a knight in shining armor for global traders. Financial expert Mr. Ngulminthang Lhanghal says that it can be a daunting task in the beginning, but it will help you keep your business competitive in the market and ultimately boosts your production. Take a look at these significant tips to help you operate your import/export business successfully remotely during this challenging time. Here they ar...

The worldwide hit of Covid-19 followed by social distancing and lockdown has compelled many businesses to either shut down their operations till everything gets normal or required them to restructure their business models, plans & policies according to the current scenario to survive in the market. It is a tough phase for businesses struggling to keep their financial stability amid the global pandemic due to less revenue generation and the uncertainty in global economic recovery. But our financial expert Mr. Ngulminthang Lhanghal says that there is no need to worry. The good news is that there are a few ways that can help businesses keep growing and surviving in the threatening world. Read on to learn. Survival Tips For Businesses To Keep Their Business Afloat During Covid-19 1. Keep An Eye On Expenses Against The Revenue Generation — This is probably the first thing every businessman needs to do during the global economic recession. The businesses need to conduct a proper check o...

 The global pandemic of the Covid-19 crisis is at its peak in the current situation, putting its worst impacts on the worldwide economy as well as international trade. Whether you are running a small enterprise or a big established organization, ensuring successful business operations requires an efficient amount of working capital, which seems to be a difficult task amid Covid-19 leading to a decrease in demand & supply.  Thereby it is essential for every individual to not only know about different types of investment for ensuring financial stability but also make healthy & result-oriented investments that can be liquidated on short notice in case of any type of financial crisis. In this blog, we are explaining the best types of investments that work well for you to cope up with financial emergencies. Read more: https://www.apsense.com/article/top5-investments-that-you-can-liquidate-easily-in-financial-crisis.html