Cash no longer king in UAE Only 1% of SMEs expect their business to continue trading in cash, and almost 94% of consumers in the UAE say they will continue using digital payments as much or more than they did in 2021, research by Visa has found. A majority of small businesses in the UAE […]
Malaysian firms urged to apply for Wage Subsidy Programme funding The government has channelled RM20 billion ($5 billion) to 357,402 employers through the Wage Subsidy Programme (PSU), protecting the jobs of 2,951,245 Malaysian workers, according to Finance Minister Tengku Zafrul Aziz. He said the government would continue the PSU initiative, with pay-outs based on total […]
Retail sales and inflation both on the rise Retail sales in India in December 2021 grew 7% over the pre-pandemic levels of the same month in 2019, according to the Retailers Association of India (RAI). In its latest retail business survey, the RAI said the sector witnessed 26% growth over December 2020. CEO Kumar Rajagopalan […]
China Banking on digital to boost economic growth The digital economy will play a pivotal role in upgrading traditional industries and so speeding up economic development during China’s 14th Five-Year Plan period (2021-25), industry experts are predicting. They said that core industries in the digital economy will account for 10% of GDP, up from 7.8% […]
New data protection rules in force in the UAE New personal data protection legislation has now come force in the UAE, the first comprehensive federal data privacy law in the country’s history. Barkha Doshi, data protection expert at Pinsent Masons, said that the UAE now “joins Saudi Arabia by passing a standalone federal data protection […]
Malaysia initiatives set to boost digital economy The Malaysian government is to launch two new initiatives to help grow the country’s digital economy and make Malaysia more attractive to foreign investors. The DE Rantau programme is designed to establish Malaysia as the preferred Digital Nomad Hub – hotspots used by location-independent workers – in a […]
Global economy is expected to make its most robust post-recession recovery in 80 years It’s now more than 18 months since the start of the COVID-19 pandemic and the global economy is expected to make its most robust post-recession recovery in 80 years. But the bounce-back won’t be the same everywhere. For instance, the UAE’s […]
Joint Certification of China Enterprise Financial Management Association The signing ceremony for the joint certification of China Enterprise Financial Management Association (EFMAC) and the International Association of Accounting Professionals (IAAP), United Kingdom was successfully held in Beijing On the afternoon of June 24, 2020, the EFMAC and the official the signing ceremony of the joint […]
Leaders Council interview with Janet Jack The Leaders Council of Great Britain and Northern Ireland is currently in the process of talking to leadership figures from across the nation in an attempt to understand this universal trait and what it means in Britain and Northern Ireland today. Janet Jack from The International Association of Bookkeepers was […]
