Economics / Insight

September 19, 2019

E-Payments and cashless societies (part 2)

As late as 2012, before mobile payments took off in earnest, 96% of payments transacted in China were in cash. Today, China’s Alipay, the largest such system globally, has one billion users around the world. That prompted Singapore Prime Minister Lee Hsien Loong to acknowledge in his 2017 National Day Rally speech that China has been leading the way in the e-payment space, even as the Singapore government was rolling out the Smart Nation initiative.
September 5, 2019

Combating white-collar crime?

White-collar crimes are increasingly sophisticated and transnational. The nature and scale of recent cases have been mind-boggling. In April 2018, forensic accountants from RSM Corporate Advisory highlighted issues involving possible roundtripping transactions, fabrication and alteration of transaction documents, as well as possible fraudulent and erroneous claims under the Productivity and Innovation Credit (PIC) tax scheme, with the involvement of senior company officers at a local listed company, Trek 2000 International.
August 29, 2019

The future of finance in the digital economy

There has been much attention raised in recent years over the digital economy and its impact on economic growth and businesses in the modern day. While there has been some understanding on what the digital economy entails, there is a lack of consensus on the generally-agreed definition or practical concepts of the technologies that comprise it.
July 3, 2019
sustainable energy

Innovative technologies like blockchain can unlock sustainable development goals

Innovative technologies like blockchain can bring transparency and traceability to ensure progress towards achieving the UN Sustainable Development Goals, and chartered accountancy and finance professionals have a key role to play in analysing and interpreting the data new technology brings. This was the key finding from young professionals at Finance&Business2030. […]
July 3, 2019
sustainable development in business

Chartered Accountants call on finance sector to lead by example in promoting sustainability and diversity

Chartered Accountants are encouraging finance companies to share their knowledge widely, and promote diversity, as ways to work towards the UN Sustainable Development Goals. Following the launch of Finance & Business2030, Chartered Accountants Worldwide polled over 120 delegates from the public, private and third sectors for their reactions.
June 4, 2019

A fair trade model for the B2B sector: how finance can apply innovation to tackle UN SDGs

Applying fair trade concepts more widely across industry, promoting cooperatives, and sharing financial expertise with grassroots organisations are all ways in which the finance community can help towards meeting the 2030 UN sustainable development goals (SDGs).
April 24, 2018

Your time to shine…

It’s impossible to work your way through the noise of the internet and uncover the real pearls of wisdom, so we’ve done it for you. In the pages that follow, you will find checklists for the three stages of interview – the planning or preparation stage, the ‘on the day’ stage, and the ‘next steps’ stage.
April 17, 2018

2018: what lies on the horizon

Being a true-blue Singaporean, I love my food. If you ask Singaporeans what their pastime is, they are highly likely to say they enjoy eating. This is not surprising given that eating is Singapore’s favourite national pastime.
September 19, 2017

An overview of accounting enforcement in Europe

Financial reporting plays an essential role in securing and maintaining investors’ confidence in financial markets. It is now universally accepted that effective financial reporting depends on the rigorous and consistent enforcement of high quality standards.
August 8, 2017

Two-speed economies: how do they work?

How does a two-speed economy work in a global economy? We look at some of the best examples. A 'two-speed economy' occurs where one sector of industry or business grows at a much more rapid rate than another [...]