2014

Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

INDONESIA REBUFFS FOREIGN INVESTORS: REVIEWS TRADE TREATIES

INDONESIA REBUFFS FOREIGN INVESTORS: REVIEWS TRADE TREATIES

Only two weeks ahead of the April 9 parliamentary elections and under pressure from a billion-dollar lawsuit, the Indonesian government announced it would terminate some 67 bilateral investment treaties—which regulate investment in the country by foreigners—as they come up for renewal.

Country Report: Angola

MOVING FORWARD IN FITS AND STARTS By Valentina Pasquali Angola is making all the right moves when it comes to attracting inter-national investment and diversifying its economy beyond oil. However, corruption and bureaucracy still present challenges for investors. Promise and ...

Cover Story: New Game, New Rules

Cover Story: New Game, New Rules

FOREIGN DIRECT INVESTMENT   By Valentina Pasquali   Global foreign direct investment is undergoing a seismic shift as emerging markets countries are seeing both inflows and outflows rise dramatically—despite flat overall levels of global FDI.   When Shuanghui International, a Chinese holding ...

An Aerial View Of North Korea’s Economy

MILESTONES   By Valentina Pasquali   In recent years a nighttime satellite image of Eastern Asia has gone viral on the Internet. The image displays the glowing, electricity-filled skies of China, Japan and South Korea, and a black hole in the place ...

Ex-Warehouse Worker Named Walmart Boss

NEWSMAKERS   By Valentina Pasquali   US retail giant Wal-Mart is going for tradition and loyalty in selecting its new CEO and president. In an effort to strengthen its bottom line at a time when the industry is in a state of ...

2013

Italy: Will Letta Get The Boot?

NEWSMAKERS By Valentina Pasquali Against all odds, a broad-based coalition of the center-left and the center-right remains at the helm of crisis-beleaguered Italy. The unlikely assortment of ministers from the Democratic Party (Partito Democratico-PD) and the People of Freedom (Popolo ...

IMF/World Bank 2013 Annual Meetings

By Valentina Pasquali   In conjunction with the International Monetary Fund/World Bank annual meetings in Washington, Global Finance presents its annual IMF/World Bank Issue.   When the eurozone logged 0.3% growth in the second quarter of 2013, ending a ...

Global Equity Index % Change, 2003-2012

Standard & Poor’s (S&P) Global Equity Indices measure the US dollar price change in the stock markets covered by the S&P Global Broad Market Index (BMI) and the S&P Frontier Broad Market Index (BMI).   The Global BMI consists of ...

Payment Instruments: E-Payments

Electronic payment can refer just to e-commerce--or payments for buying and selling goods or services offered online--or to any type of electronic funds transfer. It includes such payment channels as direct debit, e-money, card payments, and credit transfers. Data is ...

Payment Instruments: Card Payments

According to the Bank for International Settlements, card-based payment products are electronic money products that provide the customer with a portable, specialized computer device, typically an integrated circuit card containing a microprocessor chip. Data is from the Bank for International ...

Payment Instruments: E-Money

The European Commission Office of Internal Markets defines e-money--or electronic money--as the digital equivalent of cash, stored on an electronic device or remotely at a server. Data is from the Bank for International Settlements' Statistics on payment, clearing and settlement ...

Payment Instruments: Direct Debits

According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or pre-authorized payment (PAP.) Data is from ...

Payment Instruments: Credit Transfers

According to the BIS, a credit transfer is a payment order made for the purpose of placing funds at the disposal of the beneficiary, with the payment instructions and funds moving from the bank of the payer/originator to the bank ...

Payment Instruments: Checks

According to the Bank for International Settlements, a check is a written order from one party (the drawer) to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on demand to the drawer or to ...

Payments Volumes Worldwide

According to the Bank for International Settlements (BIS), a payment system consists of a set of instruments, banking procedures and, typically, interbank funds transfer systems that ensure the circulation of money. More simply, it is a system to handle the ...

Best Countries for Doing Business 2013

The ease with which companies can start and run their businesses correlates with countries’ regulations and protection of property rights, according to the World Bank’s Doing Business 2013 report. In 2013 like in 2012, Singapore ranks first for the ease ...

Corporate Tax Compliance Regime 2013

In addition to tax rates , another factor of importance to companies is the amount of time and effort spent on tax compliance and reporting. According to the latest PWC ranking, the product of a study ran in partnership with ...

Corporate Tax by Country

Taxes paid by corporations can be measured in a number of ways, including the marginal corporate tax rate and the total taxes paid as a percentage of profits . The highest marginal corporate tax rate , which we consider here, ...

Newsmakers: Martowardojo Gets Lucky Second Time Round

NEWSMAKERS: INDONESIA


By Valentina Pasquali


With just over a year to go before the 2014 elections and in a move that caught many observers by surprise, Indonesia’s president, Susilo Bambang Yudhoyono, has appointed current Finance minister Agus Martowardojo as ...

Cover: The Untold Cost of Cybersecurity

GROWING THREAT


By Valentina Pasquali

The frequency and severity of cyberattacks on businesses and organizations across the world have exploded in recent years, and so have the direct and indirect costs they inflict.

300x365-CoverStory 10-Growing-Threat_Cybersecurity

Global finance executives spend many a sleepless ...