CFOs in Hong Kong: Do you have this issue with your staff?
The vast majority (90%) of Hong Kong businesses surveyed by Robert Half anticipate challenges in upskilling staff to adapt to...
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Moody’s: Asian Liquidity Stress Indicator strengthens in September
Moody's Investors Service said itsAsian Liquidity Stress Indicator (ALSI) strengthened to 31.1% in September from 31.8% in August. Still, the...
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Downturns are a better time for M&A: Here’s why and how to win
Acquirers generally see higher returns from deals made in a weak economy, said the Boston Consulting Group that recently released...
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Global confidence at record low since 2011
Global confidence in Q3 fell to its lowest level since 201, according to a worldwide survey of more than 1,000...
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How Asia Pacific employers can develop digital capabilities
Despite the surge in workplace automation, relatively few Asia Pacific employers, including those in Singapore, have developed an integrated digital...
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CFOs: How firms can make better pricing decisions
Are you one of these companies that leave money on the table because you don't charge the right price or...
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IPO backlog grows as global IPO market slows further in Q3
The backlog of high-quality IPOs continues to grow as issuers await more favorable market conditions, pushing IPO activity down across...
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Global GDP Growth to hit eight-year low in 2020
Fitch Ratings said that global growth next year will hit its lowest since 2012 when the Eurozone crisis was at...
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This firm says RPA can save finance functions 25,000 hours of work annually
Finance departments can save their teams from 25,000 hours of avoidable rework caused by human errors by deploying RPA in...
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CFOs in Singapore: Do you have this problem with employees?
Does this resonate with you? Singapore business leaders are devoting 13.8% of their time to coaching and/or supervising poorly performing...
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Asian firms plan job cuts
More than two-third of Asian firms surveyed by INSEAD recently plan to cut jobs out of recession fear though their...
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Is Singapore closer to a technical recession?
Singapore’s factory output tumbled again in August—after a hopeful July, drawing the island state closer to a technical recession. August’s...
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This country in Asia needs more digitization in accounting and tax
Singapore need to further digitize when it comes to accounting and tax, according to the TMF Group. While the island...
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Employers in Asia: Medical benefit costs to go up
Medical costs in Asia Pacific are forecasted to increase from 8.6% in 2019 to 8.7% in 2020, said Aon recently....
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Insurers call for further delay of IFRS 17 deadline
The CFO Forum and Insurance Europe—representing 23 of the continent’s largest insurers and 95% of premium income—call for a delay...
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What are China’s next generation of corporate global giants like?
While there are frequent reports of China’s slowing economy, ACCA said many Chinese companies will become global over the next...
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Hong Kong lowers base rate after Fed cut
The Hong Kong Monetary Authority—the city’s de facto central bank—has lowered its benchmark rate to 2.25% from 2.5% after the US...
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CFOs: Why reverse mentoring works
Have you ever considered reverse mentoring in the finance function and/or your company? According to Hays, many innovative employers in...
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What are the top three priorities for corporate treasurers today?
Access to funding, risk management and improving usability are top of mind for treasurers today, according to results of a...
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How to work with HR to prevent unwanted consequences of cost optimization
Gartner says 80% of hr leaders fail to consider how cost optimization efforts contribute to organizations’ overall cost savings
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People Moves: Hexindai, Olive Tree Estate
Nasdaq-listed Chinese consumer lending marketplace Hexindai Inc. announced recently the appointment of Ms. Kerrie Rui Zhang as CFO after the...
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People moves: Vanke Property, Heatec Jietong
Hong Kong-listed Vanke Property (Overseas) Limited has named Yip Hoi Man as the CFO. Yip, aged 36, joined China Vanke...
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SingEx to transform global finance operations with various technologies
SingEx Holdings Pte Ltd (SingEx) will use SAP S/4HANA Cloud to help drive the transformation of its global finance operations...
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CFOs: How you can keep your teams from burning out
Employees in the finance function work long hours and under much pressure, having a high risk of burnout. What is...
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Insolvencies: Trade war biting in different regions
Global insolvencies rising even faster than expected, said credit insurer Atradius recently. The company expects the highest increase of corporate...
Read morePeople moves: S.Culture, Serrano
Hong Kong-listed S.Culture International Holdings Limited recently announced that Lin Zheming has resigned as CFO with effect from Aug 31,...
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G20 international merchandise trade continued its fall in Q2
G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, continued its downward trend in the second quarter of...
Read morePeople moves: Boustead Singapore, Yintech
Singapore-listed Boustead Singapore Limited recently re-designated the title of its director of group finance Chan Shiok Faun to Group CFO....
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Bank: China to use yuan for future retaliation
While the US-China trade war continues to change, a bank said China would use tools other than tariffs for future...
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Libor: This APAC country sets up a steering committee to deal with transition
The Monetary Authority of Singapore (MAS) has set up a steering committee to oversee an industry-wide interest rate benchmark transition from...
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Firms divesting struggle to add value
Divesting might not be the right strategy to add value.According to Willis Towers Watson’s Divestment Performance Monitor, in partnership with...
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Which sector in Asia would get hit the most amid China’s slowdown?
Banks in Asia's trade-dependent developed markets would face the most pressure on their credit profiles in the event of a...
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Will the role of CFO still exist in a decade?
More than 60% of respondents in mainland China and Malaysia said the traditional CFO role would not exist within the...
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Chinese yuan hits 11-year low amid trade war escalation
The Chinese yuan hits its 11-year low against the greenback on Monday as the US-China trade war escalated late last...
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Indonesia joins Asia’s current wave of interest rate cuts
Bank Indonesia recently cuts its key policy rate by 25 basis points to 5.5%. This is expected to help the...
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Survey: Finance execs need mental health support from employers
A total of 65.6% of finance executives in a survey by UK-based job board CV-Library indicate that work is impacting...
Read moreFormer IMF research deputy: Hong Kong's unrest could trigger global recession
Former IMF deputy director of research Carmen Reinhart—now an economist at Harvard University—warns that Hong Kong’s unrest could trigger a...
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Are you worried about the USD-HKD peg? This bank thinks it'll stay
The prolonged protests and the unresponsive government in Hong Kong have made investors and businesses worry about the peg between...
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CFOs: Do you know how long it takes businesses to respond to security breaches?
It takes three to 12 months to respond to security breaches, according to the annual Vendor Risk Management (VRM) Benchmark Study from...
Read moreThis is one of the few APAC countries that show quickened GDP growth in Q2
While other Asia Pacific countries including more advanced economies report economic slowdown in Q2 because of the US-China trade war,...
Read moreRisks growing for this APAC country's three largest banks as economy slows
Singapore's three largest bank by assets face rising asset risk in 2019 amid a weakening macroeconomic environment, despite their record...
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Moody's: Major banks in Hong Kong best in IFRS 9 implementation
While the implementation among Asia Pacific banking systems of the IFRS 9 accounting standard is making good progress, not all...
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How much is the market cap of the world’s 100 largest public companies?
The market capitalization of the world’s 100 largest public companies has increased by US $1,040 billion (5%) in 12 months...
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Singapore revises growth outlook downward
Amid the escalating US-China trade war, Singapore cut its economic growth outlook for this year on Tuesday to 0.0%-1.0% from...
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This APAC country plans to replace its M0 with cryptocurrency
Amid its currency drop below the “psychological barrier” of 7 and the intensifying trade war with the US, China—with its...
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Chinese yuan fixing below 7: the weakest since 2008
The People’s Bank of China set its daily reference rate at 7.0039 per dollar, the weakest since Apr 21, 2008. ...
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CFOs: The major barriers to successful digital transformation
Skills of the leadership team and the lack of collaboration among the C-suite, the IT team and wider business hold...
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Devaluation spillover in Asia possible despite effort to mitigate CNY drop
China’s central bank—the People’s Bank of China—set the Chinese yuan’s official reference point at a stronger point than the fixing...
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Bank: Hong Kong’s full-year GDP growth might reach 1%
Hong Kong’s economic growth remained sluggish in Q2 at 0.6% year-on-year. While consumption expanded by 4% year-on-year, it was slower...
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US firms continued to amass cash in Q2 despite strong numbers
Despite strong employment numbers and a tight job market, business leaders in the US continued their reluctance to deploy cash...
Read moreCFOs: Many losses you foresee are rarely covered by cyber insurance
CFOs: Cyber insurance may create a false sense of security. Here's why. In a study of more than 105 CFOs...
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The benefits of the hybrid CFO-COO role
CFOs who double up as COOs: Now is your time to brag about the improvements you bring to your organizations...
Read moreThese five APAC economies among the world’ top 20 most innovative
Five Asia Pacific economies—Singapore, South Korea, Hong Kong, China, and Japan—have made it to the world’s top 20 most innovative...
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How does Malaysia stack up in APAC when it comes to business complexity?
Malaysia is the ninth simplest place to do business in Asia excluding Australia and Oceania, according to a new report...
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This project might add hope to crypto despite recent backlash
Despite the regulatory backlash against cryptocurrencies after Facebook’s announcement of Libra, there’s one reason to remain hopeful about crypto. The...
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Why you were denied promotion and how to get an opportunity
Ever wonder why you were rejected for a promotion last time? A new research commissioned by Robert Half found that...
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Accountant survey: Economic confidence dips but remains above record low
ACCA’s GECS (global economic confidence survey) indicates that global confidence index in Q2 fell slightly after the bounce in Q1....
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SWIFT launches multi-bank gpi payment initiation
SWIFT announced recently the further enhancement of its gpi service with the full go-live of SWIFT gpi for corporates, a...
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This firm says the majority of execs surveyed have adopted RPA
Are you one of those companies that have deployed RPA? A majority of the 450 executives across multiple regions, industries...
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The lion’s roar weakens: IMF's lower Singapore growth outlook
While Singapore’s growth will stabilize in the medium term around 2.5%, it will slow to 2% this year as a...
Read moreBitcoin: 11% weekend dive as scrutiny grows
While Facebook’s Libra announcement drove the nine-day Bitcoin rally of 55% after June 18 to hit nearly US$14,000, it also...
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Report: PwC said HSBC target might lead to number massage
PwC warned that HSBC CEO John Flint’s aim of “driving revenue at a faster pace than costs” could give managers...
Read moreING: Don’t expect CNY to rise despite the higher foreign reserves
China’s foreign exchange reserves increased more than expected in June, according to data from the People’s Bank of China on...
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The estimated US$15.7T potential of AI might not realize for this one reason
While AI has an estimated $15.7 trillion economic potential, immature understanding of ethical AI practices might hinder its realization, said...
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Singapore’s June PMI close to three-year low
Singapore’s PMI fell for the second straight month after shrinking 0.3 point to 49.6 in June. This is the lowest since August...
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Former Goldman Sachs banker banned in Hong Kong for 1MDB scandal
After the US and Singapore, Hong Kong’s Securities and Futures Commission (SFC) has recently banned Tim Leissner, Goldman Sach’s former...
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Mercer: Cities in this region once again the most pricey for expats
Eight of the world’s top 10 most expensive cities are located in Asia as a result of the region’s high...
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Most high-yield firms in this region can manage USD debt exposure
Moody's Investors Service says in a recently released report that all but five of the 47 rated South and Southeast...
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Self-proclaimed Bitcoin creator: I’m unable to access my US$10B fortune
Craig Wright, the self-proclaimed Bitcoin creator, said in Florida federal court on Friday that he’s unable to access his US$10...
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APAC businesses delay or cancel investment because of this
Companies operating in Asia Pacific change their strategies as they expect the US-China trade war to deteriorate further. According to...
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The world saw a sharp drop in wealth growth in 2018
Is it another sign pointing a harder time? Global personal wealth just grew 1.6% in 2018, the weakest in five...
Read moreCFOs: How do you stack up when it comes to return on invested capital?
A study by Gartner now gives CFOs a glimpse into returned on invested capital related performance. The best CFO approaches...
Read moreAsian business confidence has fallen to its lowest
Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as the US-China...
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HK-listed firm accused of fraud: Shares fell 24.8% before trading halt
Short seller Bonitas Research accused Hong Kong-listed Bosideng (HKEx: 3998) of public market fraud, which resulted in the firm’s shares...
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Moody’s: IFRS 17 will not change credit view
IFRS 17 will transform insurance accounting but won't change insurers' underlying economic position, said Helena Kingsley-Tomkins, the AVP-Analyst at Moody's...
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Singapore has become more expensive for expats for one major reason
Singapore has experienced a significant rise up ECA’s cost of living rankings, now the 12th most expensive location in the...
Read moreThis region will show the strongest M&A growth over the next two quarters
The Asia Pacific region is expected to show the strongest growth in M&A activity over the next two quarters, said...
Read moreThe numbers are in: Singapore’s hard-hit export sector
This is not good news for the economy of a country that has heavy reliance on export. Singapore’s non-oil domestic...
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Executives in these sectors bullish about M&A
Confidence in the M&A market is rising, with 58% of technology, media and entertainment, and telecommunications (TMT) executives planning to...
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