Trends - El Salvador - Business Recorder

El Salvador

Magnitude 5.6 quake hits El Salvador

SAN SALVADOR: A magnitude 5.6 earthquake struck some 9 km (6 miles) south-west of La Union in El Salvador, the...

Published 09 Dec, 2024 10:40am

Pakistan

Pakistan among record number of developing countries facing a debt crisis

Record number of developing nations at risk of crisis will be high on the agenda next week for the World Bank Group and IMF spring meetings

Published 06 Apr, 2023 12:37pm

World

G20 meeting in India: where debt-ridden countries including Pakistan are in focus

LONDON: Meetings being held in India will see top officials from the Group of 20 leading economies discuss how to...

Published 24 Feb, 2023 10:17pm

World

Earthquake hits off coast in El Salvador

SAN SALVADOR: A magnitude 5.5 earthquake shook El Salvador’s coast on Thursday, according to the...

Published 04 Nov, 2022 09:50am

World

4.2 magnitude earthquake strikes off coast of El Salvador

SAN SALVADOR: A 4.2 magnitude earthquake struck off the coast of El Salvador shortly after 7 p.m. on Saturday (0100...

Published 17 Jul, 2022 10:43am

Opinion

Corruption in Central America frustrates US plan to tackle migration ‘root causes’

More than a year into US President Joe Biden’s sweeping effort to tackle the “root causes” of migration with...

Published 04 Jun, 2022 04:18am

Business & Finance

C Africa’s leap into bitcoin leaves its people bemused

LIBREVILLE: In the Central African Republic (CAR), nine out of 10 people do not have internet, and only one in seven...

Published 09 May, 2022 05:39am

Business & Finance

IMF urges El Salvador to remove bitcoin as legal tender

WASHINGTON: The IMF on Tuesday called on El Salvador to change course and stop using bitcoin as legal tender, citing...

Published 26 Jan, 2022 10:33am

Business & Finance

Mexico's Cemex to sell Costa Rica, El Salvador operations for $335mn

MEXICO CITY: Mexican building materials company Cemex said on Wednesday it would sell its operations in Costa Rica...

Published 30 Dec, 2021 10:59am

World

Thousands of Salvadorans protest against corruption

SAN SALVADOR: Thousands of people protested Sunday in El Salvador's capital against corruption and what they see as ...

Published 13 Dec, 2021 09:52am

IMF urges El Salvador against using bitcoin as official currency

SAN SALVADOR: The International Monetary Fund on Monday warned El Salvador against using bitcoin as official tender...

Published 24 Nov, 2021 04:35am

Markets

IMF urges El Salvador against using bitcoin as official currency

SAN SALVADOR: The International Monetary Fund on Monday warned El Salvador against using bitcoin as official tender...

Published 23 Nov, 2021 11:31am

El Salvador plans first ‘Bitcoin City’, backed by bitcoin bonds

MIZATA, (El Salvador): El Salvador plans to build the world’s first “Bitcoin City”, funded initially by...

Updated 22 Nov, 2021 09:48am

Technology

El Salvador plans first 'Bitcoin City', backed by bitcoin bonds

MIZATA: El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds,...

Updated 21 Nov, 2021 03:01pm

Markets

El Salvador to use bitcoin gains to fund veterinary hospital, president says

SAN SALVADOR: El Salvador will invest some of the $4 million gains it has obtained from its bitcoin operations to...

Published 10 Oct, 2021 11:28am

Emerging market 'cryptoization' threatens financial stability: IMF

LONDON: The advent of digital currencies in emerging markets could spark "cryptoization" of local economies,...

Updated 02 Oct, 2021 09:37am

Business & Finance

Salvadorans march against bitcoin and 'dictatorship'

SAN SALVADOR: Thousands of Salvadorans protested Wednesday against the government's introduction of bitcoin as legal...

Published 17 Sep, 2021 03:52am

Business & Finance

El Salvador: Foreign investors exempt from tax on bitcoin profits

SAN SALVADOR: El Salvador will exempt foreign investors from taxes on profits on bitcoin speculation in the country,...

Published 12 Sep, 2021 03:55am

Technology

Bitcoin bruised after chaotic debut as legal tender in El Salvador

The coin last traded at $46,560, having endured wild trade the day before in which it hit a near four-month high of $52,956 before plunging 11.1%, its largest fall since June 2

Published 08 Sep, 2021 12:35pm

El Salvador's world-first adoption of bitcoin hits snags

SAN SALVADOR: El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered...

Published 08 Sep, 2021 04:31am

Technology

El Salvador leads the world into cryptocurrency: bitcoin legal tender

Last year alone remittances to El Salvador amounted to almost $6 billion, or 23% of its gross domestic product, one of the highest ratios in the world

Published 07 Sep, 2021 12:17pm

Business & Finance

El Salvador bitcoin move opens banks to money laundering, terrorism financing risks: Fitch

SAN SALVADOR: El Salvador's law making bitcoin legal tender means banks face higher risks, including of violating...

Published 27 Jun, 2021 03:56am

Markets

Bitcoin to become legal tender in El Salvador on Sept 7

According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.

Published 25 Jun, 2021 10:47am

Business & Finance

In a world first, El Salvador makes bitcoin legal tender

Converting local currencies to and from bitcoin often relies on informal brokers, while trading often demands technical knowledge.

Published 10 Jun, 2021 12:04pm

World

El Salvador approves law to make bitcoin legal tender

SAN SALVADOR: The Congress of El Salvador has approved a law that will classify Bitcoin as legal tender in the...

Published 10 Jun, 2021 03:22am

World

El Salvador first country to approve bitcoin as legal tender

El Salvador's main currency is the US dollar
It remains unclear how the country plans to implement bitcoin as a functioning currency

Published 09 Jun, 2021 05:31pm

World

US vice president arrives in Guatemala to bring message of 'hope'

Giammattei, speaking to CBS ahead of the visit, seemed to agree, saying Harris "doesn't hold back, which is good. She is frank."

Published 07 Jun, 2021 10:07am

World

US vice president to bring message of 'hope' to Guatemala and Mexico

A group of 18 US Democratic senators wrote a letter to Harris ahead of her trip.

Published 06 Jun, 2021 12:20pm

Opinion

Bumpy first weeks of Harris’ immigration role show challenges of the job

When President Joe Biden entrusted Vice President Kamala Harris in March with leading US diplomatic efforts to cut...

Published 21 Apr, 2021 03:21am

World

El Salvador seeks IMF funding, sees 'golden opportunity' for economy, says finance minister

"It will help us leverage the budgetary gaps for 2021, 2022 and 2023" and help lower the highs costs associated with El Salvador's debt, Zelaya said.
"What (the ruling) New Ideas party and President Bukele achieved on Sunday is truly a golden opportunity for El Salvador's economy to take off," said Zelaya.

Published 04 Mar, 2021 05:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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El Salvador

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