Thu.Dec 26, 2024

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South Korea: From Prosecutor To President To Pariah

Global Finance

Last month, amid a series of mounting economic and political crises, South Korean President Yoon Suk Yeol issued a martial law decreethe first in more than 40 years. Yoon claimed that it was necessary to eradicate anti-state forces and protect constitutional order. Meeting overnight in an emergency session, the National Assembly voted unanimously to revoke the measure, but on December 4, just hours after the emergency order was declared, tens of thousands of Koreans gathered outside Parliament,

Economics 105
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Wrap 2024: Key GST measures, from amnesty to e-invoicing, aimed at ease of doing biz, transparency

CFO News

In 2024, Indias GST framework saw measures like the Amnesty Scheme, e-invoicing mandates, biometric authentication, and GSTAT operationalisation, streamlining compliance, reducing disputes, and enhancing technology.

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Global Rules, Local Impact: UAE Aligns With OECD

Global Finance

Starting Jan. 1, the United Arab Emirates (UAE) will levy a tax of 15% on large multinationals (MNCs) operating in the country as part of corporate tax reforms required by the Organization for Economic Cooperation and Development (OECD). The OECD framework aims to clamp down on tax avoidance. The OECD regulations known as the Global Anti-Base Erosion Rules or GLoBE, has seen over 135 jurisdictions agree to update elements of the international tax system.

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Manmohan Singh, architect of Indian liberalisation and former prime minister, passes away at 92

CFO News

Former Prime Minister Dr. Manmohan Singh, a key architect of Indias 1991 economic reforms, passed away on Saturday at the age of 92. Dr. Singh is credited with liberalising Indias economy, dismantling protectionist policies, and steering the country towards global integration. He had been hospitalised at the All India Institute of Medical Sciences (AIIMS) following a decline in his health.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Syria’s Finance Minister: Country Ready For Return To Normalcy

Global Finance

Some have greatness thrust upon them. Syria and its well-wishers worldwide hope that acting finance minister Riad Abd El Raouf will enter those ranks in the coming months. Raouf, 49, cuts a lonely figure as the only Bashar al-Assad appointee retaining a top cabinet post after the dictators shocking ouster by Islamist rebels. With a doctorate in accounting and auditing from Frances Universite Paul Verlaine, trilingual in Arabic, French and English, Raouf returned home to teach at Damascus Univers

Finance 119

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Japan: Nippon Makes Record Overseas Insurance Purchase

Global Finance

Nippon Life Insurance, Japans largest private insurer, is spending $8.2 billion on global life insurance firm Resolution Life Group Holdingsmarking the largest overseas acquisition in Japans insurance industry. This move underscores Nippon Lifes ambition to bolster its global presence amid a shrinking domestic market due to Japans aging population and low-interest-rate environment.

Leverage 111
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PM Modi condoles demise of Dr. Manmohan Singh

CFO News

Prime Minister Narendra Modi on Thursday expressed grief over the death of former PM Manmohan Singh, who passed away here in the AIIMS at the age of 92.

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CFO Corner With Thryv Holdings’ Paul Rouse

Global Finance

Paul Rouse is CFO and treasurer of Thryv Holdings, Inc., a Nasdaq-listed company that provides a small-business software platform to clients who seek to reach more customers, stay organized, get paid faster, and generate reviews. Rouse has an extensive career in finance and has been CFO of Dallas-based Thryv for over 10 years. Global Finance: How has the CFO role changed?

CFO 98
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Budget 2025: Govt considers cutting personal income tax to lift consumption

CFO News

Union Budget 2025: India is planning to reduce income tax for people earning up to 1.5 million rupees a year. This could help the middle class and boost consumption in the slowing economy. The decision will be made closer to the February budget. The move aims to make more people opt for a newer, simpler tax system introduced in 2020.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Google Breaks Quantum Benchmark

Global Finance

It was the year-end story that captivated many but eluded most: Willow [a quantum processor] performed a standard benchmark computation in under five minutes that would take one of todays fastest supercomputers 10 septillion (that is, 10) years a number that vastly exceeds the age of the universe, Google researchers announced in a blog post in December.

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India's economic wheel didn't move without a push from Dr Manmohan Singh

CFO News

India's economic growth post-liberalization cannot be hailed without recognizing the significant contribution of former Prime Minister Dr. Manmohan Singh. His journey began long before he assumed charge as the 13th Prime Minister of the country.

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GW Platt Foreign Exchange Bank Awards 2025: FX Tech Global Winners

Global Finance

Comprehensive FX management integrates tools, analytics, and AI to mitigate currency risks. A comprehensive foreign exchange (FX) exposure management strategy combines tools and techniques to identify, measure, and manage currency risks, empowering businesses to confidently navigate the complexities of the global marketplace. GTreasury is our award winner as Best TMS Provider with FX Module.

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India’s government cites RBI policy for slowdown

CFO News

Indias government partly blames the central banks tight monetary policy for weak economic performance. They expect growth to improve in the second half of the fiscal year as demand increases and restrictive measures ease. The central bank may cut interest rates to support growth. Rural and urban demand shows signs of recovery.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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The FX Automation Revolution: Hedge Trackers LLC’s Ashley Pater

Global Finance

Modular systems and automation are revolutionizing FX risk management, enhancing visibility, agility, and adaptability. Ashley Pater , general manager of Hedge Trackers LLC, a global accounting, consulting, and software services company focused on financial risk protection, owned by platform provider GTreasury says automation is improving FX risk visibility, transforming FX risk management from a reactive task to an operational imperative.

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Dr Manmohan Singh: The gentleman economist who shaped Modern India

CFO News

Dr. Manmohan Singh once famously remarked that history would be kinder to him than the contemporary media, in response to the sharp criticism he faced during his tenure. Now, as the former Prime Minister and, more significantly, the architect of India's liberalization, passes away at 92, that moment of stocktaking has arrived.

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Egypt Ends Bank IPO Dearth

Global Finance

Egypt has achieved a historic milestone with the initial public offering (IPO) of United Bank on the Egyptian Exchange (EGX). This would be the first bank listing in over 25 years and the countrys first IPO since 2021. The move is a cornerstone of an International Monetary Fund (IMF)-backed privatization program aimed at attracting private-sector investment and bolstering economic resilience.

Banking 52
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Budget 2025: Money for country roads may take economy to a better place

CFO News

Union Budget 2025: Finance Minister Nirmala Sitharaman is expected to prioritize rural infrastructure in Budget 2025, especially through the PMGSY scheme. An increased outlay aims to improve rural road connectivity, enhance agricultural market access, drive rural consumption, generate employment, and strengthen financial inclusion, with a substantial allocation anticipated.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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FX Risks Have Corporates Turning To Hedging, Tech: BTG Pactual’s Marcelo Flora

Global Finance

Marcelo Flora, partner and head of Digital Platforms at BTG Pactual, discusses FX management amid elevated geopolitical tensions and the rise of the Chinese yuan. Global Finance: In a landscape where central bank decisions and carry trades significantly influence global FX markets, what unique value can a bank offer its customers? Marcelo Flora: Despite major global progress in the fight against post-pandemic inflation, we can see differences in monetary policy cycles across economies as well as

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Swiggy partners with NSE to empower delivery partners with financial literacy programs

CFO News

Integrated into Swiggys flagship initiatives, the program is designed to equip the delivery partners with vital financial skills that drive household stability, improve socio-economic outcomes, and contribute to the nation's financial inclusion agenda.

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China Leans On Banks To Revive Property Market

Global Finance

Chinas banks are pumping fresh funds into stalled housing projects and cutting rates on existing mortgages. The goal is to spark a financial turnaround for the nations beleaguered real estate sector. Banks are paying a pretty price for their efforts. Policymakers are leaning on banks of all stripesfrom city commercial banks to state-owned giants such as ICBC and China Everbright Bankto stimulate a market hard-hit by falling home prices and property developer losses since the Covid-19 pandemic.

Banking 52
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Government Initiatives on AI, semiconductor manufacturing and skill development will make India global technology hub: Meity

CFO News

Tata Electronics Private Limited (TEPL) received approval for setting up a Semiconductor Fab facility with a Rs91,526 crore investment in partnership with Taiwan's PSMC. The facility, capable of producing 50,000 wafer starts per month, represents a technological leap for India.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Sanjay Malhotra Takes Charge As RBI Governor

Global Finance

The Reserve Bank of India (RBI) has had 25 governors to date. Notably, 14 of these governors were civil servants. In recent years, governments have increasingly preferred to appoint civil servants over professional economists to lead the central bank. Sanjay Malhotra, a 56-year-old civil servant, has been appointed as the new governor of the RBI for the next three years, effective December 9, 2024.

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India's growth outlook positive despite new uncertainties for global trade in FY26: Finance Ministry

CFO News

As the world prepares to welcome a new year, fresh uncertainties have surfaced for global trade in the financial year 2026, according to the November monthly economic review by the Finance Ministry.

Finance 40
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Nvidia In Trade Tug-Of-War

Global Finance

Nvidia, the company that makes most processors used in artificial intelligence (AI), is under renewed scrutiny from the US and China. The Information reported that the US Department of Commerce asked the chipmaker to investigate how its products ended up in China despite tight export controls. Distributors like Super Micro and Dell embed Nvidias AI processors in their server products.

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India's widening bank liquidity deficit warrants more measures, traders say

CFO News

India's banking system liquidity deficit is projected to further expand in the next quarter due to tax outflows and the central bank's forex interventions, despite recent measures like the cash reserve ratio cut. Market participants suggest additional durable liquidity injections through open market operations and possible further cuts in the cash reserve ratio.

Banking 40
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.