Category: Business

A survey conducted by BusinessNZ reveals that the majority of New Zealand businesses are worried about the high cost of doing business and the lack of a plan for improving the country’s economic performance. The survey also shows that businesses are opposed to increasing business-related taxes to address the current fiscal challenges. Businesses Feel The Pinch Of Government Policies The Deloitte and Chapman Tripp Election Survey, which is New Zealand’s…

The Debt Recovery Tribunal (DRT) in Ahmedabad has issued a directive to banks and financial institutions to refrain from engaging junior or proxy lawyers to represent them in debt recovery cases. The tribunal said that such lawyers are often not well-versed with the facts of the cases and fail to adequately defend the interests of the banks. DRT’s directive stirs controversy The DRT’s directive, dated August 31, 2023, was issued…

The Nigerian banking sector is facing a crisis of confidence as workers threaten to go on a nationwide strike over economic hardship and poor working conditions. The workers, under the umbrella of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), have given the government and the Central Bank of Nigeria (CBN) a 14-day ultimatum to address their grievances or face industrial action. Workers demand better pay and…

International Banker is a website that provides authoritative analysis on international banking, finance, and technology. It covers topics such as banking trends, monetary policy, climate change, fintech innovation, and more. The website aims to inform and educate its readers about the latest developments and challenges in the global banking industry. How Banks Are Responding to Africa’s and the Middle East’s Evolving Financial Needs One of the recent articles on International…

The Financial Conduct Authority (FCA) has issued a warning to banks that they could face fines if they wrongly deny accounts to politicians and their relatives. The regulator is reviewing how banks treat politically exposed persons (PEPs) amid claims that some have faced unfair scrutiny or rejection. What are PEPs and why do they matter? PEPs are individuals who hold or have held prominent public positions, such as MPs, ministers,…

The Financial Conduct Authority (FCA) has issued a warning to banks that they could face fines if they wrongly deny accounts to politicians and their families. The regulator is reviewing how banks handle the cases of politically exposed persons (PEPs), who are subject to additional checks due to their potential risk of corruption or money laundering. FCA vows to act against ‘tick-box’ approach Sarah Pritchard, executive director at the FCA,…

The Association of Southeast Asian Nations (ASEAN) has reaffirmed its commitment to promoting inclusive business (IB) models that empower micro, small, and medium enterprises (MSMEs) and contribute to inclusive and sustainable development in the region. ASEAN holds first high-level ministerial meeting on IB On September 5, 2023, ASEAN hosted the first High-Level Ministerial Meeting for Ministers responsible for MSME development in ASEAN Member States (AMS). The meeting was held in…

A survey of 880 businesses and seven political parties reveals that the high cost of doing business is the most pressing issue for New Zealand enterprises ahead of the general election. The survey, conducted by BusinessNZ and sponsored by Deloitte and Chapman Tripp, also shows that businesses are not in favour of increasing taxes to address the country’s fiscal challenges. Businesses Feel The Pinch Of Government Policies According to the…

Labor Day is a federal holiday that celebrates the contributions and achievements of American workers. It is observed on the first Monday of September, marking the unofficial end of summer. For many people, Labor Day is a time to enjoy festivals, football games, barbecues, and other events with family and friends. But for small business owners, Labor Day is also an opportunity to recognize and thank the people who make…

The Lanarkshire Business Excellence Awards 2023, one of the longest running business awards in Scotland, have announced the winners of their ten categories at a gala dinner on Friday 1 September. The awards, hosted by North and South Lanarkshire Councils and sponsored by Albert Bartlett, recognise and celebrate the achievements and diversity of the Lanarkshire business community. Albert Bartlett wins the Principal Sponsor Award The Principal Sponsor Award was presented…