The Budget 2024’s focus on strengthening the economy, sustainability and ESG, upskilling, and strategic tax measures has been welcomed by the Malaysian Institute of Accountants (MIA). ‘’Accountancy talent is critical to the business and economy. We are pleased that certain measures support the development and on-going implementation of the MIA’s Competency Framework (CFM),” said Bazlan […]
India is set to overtake Japan and Germany to become the world’s third-largest economy and Asia’s second largest, with a GDP of $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report. “After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong […]
More than 4,000 delegates from 140 nations attended the third Belt and Road Forum held in Beijing, where projects worth $97.2 billion were agreed in principle. China announced the formation of the Global Artificial Intelligence Governance (GAIG) Initiative, which will focus on creating a level playing field between nations when it comes to the development […]
Economic growth in India is expected to hit 6.3% during 2023-24, thanks to the strength of the country’s financial sector and increasing private investment, according to new research from a leading industry body. Ficci’s latest ‘Economic Outlook Survey’ predicts annual GDP growth for 2023-24 at 6.3%, forecasting a minimum growth rate of 6% and a […]
The International Monetary Fund (IMF) has praised the UAE’s financial and economic developments which continue to attract foreign inflows of capital and talent, underpinning economic growth. A delegation from the IMF recently met with Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), to discuss the latest monetary and financial system developments, […]
The Chinese government has published a set of guidelines outlining measures to promote the expansion and development of inclusive finance over the next five years. The document, issued by the State Council, said it expects progress to be made on the accessibility of basic financial services, the ease of obtaining finance, support for rural revitalization, […]
The Malaysian government is to spend RM393.8 billion (£68.25 billion) in 2024 to boost economic growth in the country, Prime Minister Anwar Ibrahim announced in this year’s Budget. Anwar – who is also the country’s Finance Minister – said transport will the biggest are of investment, with a RM19.1 billion allocation. Education (RM14.3 billion) and […]
India’s chief experience officers (CXOs) are expecting high growth and profitability in the coming years, according to the latest HR Evolution Perspectives 2023 report. The report, a collaboration between Darwinbox and People Matters, also found that 83% of CXOs across India say they expect revenue growth in the upcoming years, with 80% believing that organic […]
China’s digital economy is expected to receive a boost next year when a new set of accounting rules come into force. The new accounting rules will allow companies to include their data resources as either ‘intangible assets’ or ‘inventories’ in their financial statements. Under the Interim Provisions on Accounting Treatment of Enterprise Data Resources, released […]
