News Articles

Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20

SINGAPORE – After being adrift for the past three years, Singapore climbed three rungs and regained the top spot in the IMD World Competitiveness Ranking in 2024.

EGYPT: The country is set to sharply increase its tax revenues in the 2024-25 fiscal year beginning on July 1, as the government pushes forward with austerity measures mandated by the International Monetary Fund and other foreign creditors in return for more than $50 billion in financial assistance.

UK / SWITZERLAND: It was revealed back in December that KPMG, currently the smallest member of the Big Four, had kicked off exploratory discussions with the partners over a plan to merge its business with KPMG Switzerland.

UAE: The International Monetary Fund (IMF) said the UAE’s gross domestic product (GDP) will expand by 4 per cent in 2024, higher than earlier estimates, as the Gulf state is experiencing robust growth.

Kuala Lumpur, Malaysia: Dato’ Seri Dr. Raymond Liew, the founder of McMillan Woods Global Network shares with Christina Thomas his remarkable journey in establishing a global network and awards initiative.

GERMANY: EY’s audits of collapsed payments group Wirecard were “at the very least” negligent and in some cases grossly negligent, according to people with direct knowledge of the details of an investigation by the German audit watchdog.

London, United Kingdom: Taylor Swift has joined Elon Musk as ranking among the world’s wealthiest people, according to a new rich list.

London, United Kingdom: Deloitte is backtracking on its previous cuts after it has taken on extra space in its City of London office, highlighting a boost of its office use.

Against the backdrop of reduced revenue collection and increased stimulus spending from the Government stemming from the imposition of lockdowns for a far longer period than previously anticipated, Fitch Solutions Country Risk & Industry Research has lowered Malaysia’s 2021 fiscal deficit forecast to 7.4% of gross domestic product (GDP) from 6.4%.