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 106
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Kitces & Carl Ep 154: The Limits Where Technology Can’t Scale Financial Planning Advice

Nerd's Eye View

Just a few decades ago, giving financial advice was largely a manual process – printing lengthy financial plans, processing physical checks, and managing paper files. Then, technology evolved, introducing tools like Excel, the internet, and sophisticated financial planning and CRM software that transformed how advisors deliver financial advice.

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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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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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 112
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Dr Singh presented milestone budget of 1991 which liberalised Indian economy: FM Sitharaman

CFO News

Top political leaders and business tycoons on Thursday mourned the demise of former prime minister Dr Manmohan Singh, saying that his leadership, humility, and dedication will always be remembered.

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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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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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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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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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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 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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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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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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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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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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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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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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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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Talabat Stumbles Despite UAE’s Top 2024 Listing

Global Finance

The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat sold more than 4.65 billion shares at AED1.60 ($0.44) per share. The sale of a 20% stake represents a market capitalization of around $10 billion. Berlin-based Delivery Hero decided to increase the size of the offering from 15% to 20%, citing robust demand.

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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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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.