As banks face a tectonic shift in their asset-liability management, new strategies and innovations are needed to stay competitive and meet the growing demands of the digital economy. Banks in...
Category: Economy
Banking Mohtasib Provides Rs1.65bn Relief to Customers Amid Surge in Online Payment Complaints
In 2024, banks in India have seen a notable uptick in complaints related to online payments, with fraud and service inefficiencies emerging as major causes of dissatisfaction. The surge in...
Tax Rises in Budget to “Hit Growth” of UK Companies, CBI Chief Warns
Tax increases announced in the autumn Budget are poised to dampen growth by discouraging investment among UK companies, warns Rain Newton-Smith, CEO of the Confederation of British Industry (CBI). Rain...
The Conjuring House Faces Uncertain Future After License Denial
The beloved haunted farmhouse known as The Conjuring House might soon close its doors, leaving fans and the local economy in limbo. The Burrillville Town Council decided not to renew...
Singapore Life Insurance Premiums Soar by 24% in Nine Months Amid Economic Resilience
Singapore’s life insurance sector has experienced a remarkable 23.5% year-on-year surge in weighted new business premiums, reaching S$4.3 billion in the first nine months of 2024, according to data from...
Fiji’s Banking Sector Holds Strong Amid Economic Challenges with $36.2 Billion in Assets
Fiji’s financial landscape has shown remarkable resilience, with its banking sector maintaining robust asset levels despite ongoing economic challenges. As of June 30, 2024, the country’s financial system boasts gross...
Sri Lankan Banks Amass $3.7 Billion in Forex Balances Amid Economic Turmoil
Sri Lanka’s banking sector has navigated through a turbulent economic landscape, amassing $3.7 billion in foreign exchange (forex) balances by the second quarter of 2024. This significant accumulation comes as...
From Burden to Boost: How Reforming Business Rates Can Fuel Economic Growth
Reforming business rates has the potential to transform a significant burden into a powerful boost for economic growth. Business rates, a form of property tax levied on commercial properties, have...
U.S. Chamber Hosts U.S.-Germany High-Level Economic Dialogue Business Roundtable
The U.S. Chamber of Commerce recently hosted the U.S.-Germany High-Level Economic Dialogue Business Roundtable at the historic Decatur House in Washington, D.C. This significant event brought together nearly two dozen...
Asia-Pacific Markets: Navigating Economic Shifts Amid Central Bank Policies
The Asia-Pacific markets are experiencing significant fluctuations as investors digest recent economic data and central bank decisions. Key factors influencing the markets include China’s economic slowdown, the U.S. Federal Reserve’s...