Latest news with #Industrial
Barnama
14 hours ago
- Business
- Barnama
Sarawak Aims Higher Despite Rise In Industrial Harmony Score
KUCHING, July 30 (Bernama) -- Sarawak's Industrial Harmony Index (HI) score rose to 81.5 per cent in 2023, up from 79.3 per cent the year before. However, there is still room for improvement to match or surpass the national average. Deputy Minister in the Sarawak Premier's Department (Labour, Immigration and Project Monitoring) Datuk Gerawat Gala said the increase reflects positive employer-employee relations but stressed the need for continued progress. 'The score shows that Sarawak's industrial landscape is generally harmonious, but we are aiming to reach or exceed the national average of 83 per cent,' he told reporters after officiating the 2025 Sarawak Industrial Harmony Programme, themed 'Sustainable Industrial Harmony Through Legal Empowerment', here today.
Time of India
a day ago
- Business
- Time of India
1L secure admission to ITIs in two phases
Lucknow: Close to 1 lakh candidates secured admission in various branches of Industrial Training Institutes (ITIs) in two rounds of admissions. Of these, 70,781 admitted themselves to govt ITIs, while 30,427 were admitted to private ones. There are 1.35 lakh seats in all. Director of State Vocational Training Council, Abhishek Singh, said third phase of the admission process would start from Jul 31 until Aug 5, providing opportunity for 25,000 seats. Singh added that fees for private ITIs remained unchanged for the new session. In govt ITIs, Bulandshahr, Pilibhit, Rae Bareli, Prayagraj, Bareilly, Lakhimpur-Kheri and Farrukhabad are some districts where more than 60% of seats have been filled. Only in 28 districts is the seat occupancy between 30% to 50%. Principal secretary of vocational education, skill development and entrepreneurship, Hari Om, said, "Efforts like holding industry meets, skill fairs, employment fairs and capacity building of departmental officers are key efforts undertaken by us which led to increased number of admissions."
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE: Industrial, logistics firms moving to Northern Emirates amidst rising rents
Industrial and logistics companies in the UAE are increasingly looking at the Northern Emirates amidst rising rents in Dubai and Abu Dhabi. According to the latest study released by Knight Frank on Tuesday, companies are preferring smaller and mid-sized units of 25,000 to 50,000 sqft due to rising rents and intense competition for limited new supply. Industrial rents have risen across the emirates in January-June 2025 following a record-breaking 2024, during which industrial and logistics space requirements in Dubai rose by 225 per cent to reach 40.6 million sqft. 'Overall, upward rental pressure remains high, especially in well-established submarkets. These increases reflect strong occupier appetite for well-located industrial stock, while availability remains limited. Occupiers are also becoming more strategic, with a growing preference for mid-sized units,' said Faisal Durrani, partner and head of Research, Mena, Knight Frank. Faisal Durrani, Partner – Head of Research, MENA, said: "Due to the strong macro-economic growth of the UAE, the country has attracted large-scale and multinational manufacturing companies across various sectors." 'Industrial demand continues to be led by core sectors – logistics, manufacturing and industry, and retailers and traders remain the top three contributors to new requirements, together accounting for more than half of the total demand,' said Durrani. 'However, a lack of stock is curbing new enquiries, with 6.3 million sqft of new requirements recorded in Q1 and 5.2 million in Q2, bringing the total to 11.5 million sqft for H1 2025, down by a third on the first half of 2024 as occupiers take a 'wait and see' approach, while others are adjusting their size requirements and some are also opting for locations in the Northern Emirates,' he added. New supply The Dubai industrial market is critically undersupplied, with only 780,000 sqft of spec space expected this year, it said. Knight Frank is tracking approximately 7.2 million sqft of new industrial and logistics space due to be delivered to the Dubai market over the next four years. The biggest milestone will be in Q3 2026, with the completion of Phase 1 of Terralogix in Warsan, Dubai's largest private logistics park. This development will introduce much-needed scale and flexibility, with 550,000 sqft due to be completed in Phase 1. The full project will be delivered over three phases, totalling 1.8 million sqft. In total, nearly 2.8 million sqft of new industrial and logistics space is expected to be delivered in 2026 – the largest yearly addition in recent years. Free zones in demand According to Knight Frank, Al Quoz remained the highest-priced location, with grade-A rents of Dh85 per sqft in the second quarter of 2025, marking a 31 per cent year-on-year increase. Grade-B stock in the same area commands Dh58 per sqft, up 21 per cent year-on-year. Dubai Investments Park saw one of the steepest annual uplifts, with average rents up 33 per cent over the year to Dh60 per sqft. In Abu Dhabi, Kezad Musaffah (ICAD) and Musaffah were standout performers, recording year-on-year rent increases of 57 per cent and 52 per cent, respectively. Al Markaz saw a 14 per cent year-on-year increase, with rents holding at Dh375 per square metre in Q2 2025, up from Dh330 per sqm at the same point last year. Knight Frank pointed out that as supply tightens in Dubai, occupiers are actively exploring alternative emirates, such as Umm Al Quwain. This has caused industrial and logistics rents in the Northern Emirates to rise rapidly – up by 40 per cent year-on-year, from around Dh25 per sqft to Dh40 per sqft. Knight Frank noted that occupiers with favourable lease terms secured in recent years are opting to remain in situ, often postponing expansion plans rather than facing a market with limited options and higher rental prices. Many are waiting for a new supply expected to become available over the next two to four years.
India.com
3 days ago
- Business
- India.com
Week Ahead: Economic Data And Crucial US-India Trade Talks Set To Steer Market Mood
New Delhi: The upcoming week from July 28 to August 1, 2025, is crucial for global stock markets, with key economic events scheduled in the United States, India, and China that could strongly influence investor sentiment. Market experts emphasize that progress in the ongoing India-US trade deal talks is being closely watched, as a positive outcome or signs of progress would ease uncertainties and boost market confidence. India's Commerce Minister Piyush Goyal has expressed optimism, stating that remarkable progress is being made, and negotiations are advancing rapidly toward a significant partnership, although some issues like tariffs on agriculture remain unsettled. In India, the week starts with the release of Industrial Production data on July 28, followed by the HSBC India Manufacturing PMI on August 1, both key indicators of the manufacturing sector's health. China will release its Manufacturing PMI on July 31, reflecting broader industrial activity in the region. Meanwhile, the US will focus on critical data including the Federal Reserve's FOMC interest rate decision on July 30, along with GDP growth and employment reports that will shape expectations on monetary policy amid ongoing inflation concerns. The Indian benchmark Nifty index has been declining for four weeks, weighed down by weak corporate earnings—many companies have reported results below expectations during the current quarter—and ongoing global trade uncertainties. Even though the index briefly rallied above its 20-day moving average midweek, the positive momentum did not sustain due to renewed selling pressure. Market analysts attribute the persistent weakness not only to disappointing earnings but also to the lack of strong domestic triggers and unresolved global trade issues. Overall, while bad earnings add to market pressures, they are compounded by uncertain global trade negotiations and limited fresh buying interest, creating a bearish sentiment in the market. Yet, experts remain hopeful that any positive surprises in earnings or constructive developments in trade talks, especially between India and the US, could provide a welcome boost during the week ahead.
Globe and Mail
6 days ago
- Business
- Globe and Mail
DOW Lags Q2 Earnings and Sales Estimates on Lower Prices
Dow Inc. DOW recorded a loss (on a reported basis) of $835 million or $1.18 per share for second-quarter 2025. This compares to a profit of $439 million or 62 cents per share a year ago. The bottom line was hurt by lower prices and restructuring charges. On an adjusted basis (barring one-time items), DOW logged a loss of 42 cents for the reported quarter against earnings of 68 cents a year ago. The figure was wider than the Zacks Consensus Estimate of a loss of 11 cents. Dow recorded net sales of $10,104 million for the quarter, down 7% year over year. It missed the Zacks Consensus Estimate of $10,277 million. The top line was adversely impacted by lower sales across all segments. Volume declined 1% year over year, with growth in the United States and Canada outweighed by reductions in Europe, the Middle East, Africa and India (EMEAI). On a sequential basis, volume fell 2%, as seasonal increases in Performance Materials & Coatings, particularly in downstream silicones, were offset by declines in Packaging & Specialty Plastics. Dow's Segment Highlights Packaging & Specialty Plastics: The division's sales fell 8.9% year over year to $5,025 million in the reported quarter. The figure missed our estimate of $5,197.9 million. Volume grew 1% year over year, led by greater energy sales and polyethylene volumes, which were slightly offset by decreased volumes in functional polymers. Local prices fell 10% year over year, primarily due to lower downstream polymer pricing. Industrial Intermediates & Infrastructure: Sales for the unit were down 5.6% year over year to $2,786 million. The figure lagged our estimate of $2,884.6 million. Local prices fell 5% year over year, indicating reductions in both businesses. Volume fell 2% due to lower volumes in Polyurethanes and Construction Chemicals, which were partly offset by higher volumes in Industrial Solutions. Performance Materials & Coatings: Revenues from the division fell 5% year over year to $2,129 million. The figure missed our estimate of $2,142.1 million. Volume fell 3% year over year, as gains in downstream silicones were more than offset by decreased volumes in coatings applications and upstream siloxanes. Local prices fell 3% year over year due to losses in both businesses. DOW's Financials Cash flow from operating activities for continuing operations was negative $470 million, representing a decline of $1.3 billion from the same period last year and a $574 million drop from the previous quarter. This decrease was primarily due to lower earnings resulting from margin compression. Shareholder returns for the quarter amounted to $496 million in dividends. Dow's Outlook Dow noted that its strategic initiatives help the company navigate the evolving challenges within the industry. However, the emergence of new market entrants exporting at anti-competitive prices is creating signs of oversupply, highlighting the need for broader industry collaboration and further regulatory intervention to re-establish fair market conditions. The company's near-term growth projects—all set to be fully operational in the third quarter—along with its long-term strategic investments, are expected to enhance Dow's presence in high-value applications and attractive markets that are less affected by such anti-competitive pressures. These efforts aim to support more stable earnings and deliver strong returns to shareholders. In addition, Dow remains committed to structurally reducing its cost base, optimizing its global asset network and upholding operational excellence to further reinforce its competitive edge. DOW Stock's Price Performance DOW's shares are down 43% in a year compared with the industry's 15.9% decline. DOW's Zacks Rank & Key Picks DOW currently carries a Zacks Rank #4 (Sell). Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. RGLD, Kinross Gold Corporation KGC and Agnico Eagle Mines AEM. Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Kinross is scheduled to report second-quarter results on July 30. The Zacks Consensus Estimate for KGC's second-quarter earnings is pegged at 27 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 16.1%. KGC currently carries a Zacks Rank #1. Agnico Eagle is slated to report second-quarter results on July 30. The consensus estimate for AEM's earnings is pegged at $1.66. AEM, carrying a Zacks Rank #1, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.3%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dow Inc. (DOW): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis Report
