Commentaries on relevant economic issues pertaining to the region
Dear readers,
In this issue I am looking at the quarter 3 Global Economics survey and other readings from the IMF and mining into the results for the Middle East and South Asia, the period July to September includes the BREXIT referendum decision by the UK electorate.
Our national and regional psyche is one that believes the cause and effect relationship between the forces of politics, security and economics. But do these macro forces change the behavior and decision making of CFOs and why does this matter? We can gain some answers from the ACCA and IMA Global Economic Conditions Survey (GECS) that relies upon the response of some 1200 ACCA and IMA members in senior finance positions in large firms and SMEs across the region.
There may also be periods when the economic data flowing from the state is very poor and economically gloomy, this clearly has repercussions for macro demand, even though the firm’s market may not be impacted by the gloomy data, nevertheless news headlines are the first thing that people look at in the morning and watch on breakfast shows and they will trigger off a feeling of low confidence.
I do hope you enjoy these commentaries and that they provide you with some answers on relevant issues pertaining to the MENASA region.
Featured below are brief commentaries on current topics impacting finance professionals in the region:
Use of IFPs in Bangladesh and UAE by Madiha Tareen
When it comes to the UAE and Bangladesh, the geographic distribution of IFPs is skewed toward the Gulf while South Asia presents a huge untapped potential.
Small and medium enterprises (SME) represent the largest business group across the GCC with recent figures stating that 94% of all businesses in the region are categorized as SMEs.
Investing in climate resilience by Nayeema Zareen Bashar
According to the Mortality Risk Index of the UN, Bangladesh is on the top of the vulnerable countries due to floods and cyclones. So Bangladesh needs extensive adaptive measures to survive and to sustain.
What is the current regional and country climate doing to CFO confidence? By Arif Mirza
The slump in the oil price, which has led many governments in the Gulf to announce big cuts in state spending, has been a key factor behind the low level of confidence.
The BPO sector started gaining momentum in the economy only from year 2000. Sri Lanka is now emerging as an attractive destination for BPO mainly due to its flexible labour market and low operating costs.
Accountant and Microfinance by Zarin Tasnim Chowdhury
Accountants should work for the betterment of public. They can help the micro borrowers in many ways such as teaching the basic accounting technique to micro borrowers...
Look out for our next commentary in the next quarter...
Disclaimer:The content of this periodical as the name suggests is a commentary and should not be relied upon for decision making. The articles may contain opinion as well as fact with which readers may disagree or agree.
