To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
Marcus best savings account
Major investors in Vietnam in the approval, construction, or completion stage include German ASEAN Power, B.Grimm Power Public Co Ltd, Trina Solar, Schletter Group, JA Solar, Sunseap International, Nippon Sheet Glass, Ecoprogetti, Tata Power, Shapoorji Pallonji Infrastructure Capital, Gulf Energy Development, InfraCo Asia Development, and ACWA Power, according to Dezan Shira & Associates. … [Read more...] about Vietnam’s renewables: Advantages and considerations
Nguyễn Toàn Thắng, secretary general of the Việt Nam Banks Association, said the pandemic has brought about a change in banking habits, with online banking transactions increasing sharply, especially during the social distancing period. … [Read more...] about Covid-19 accelerates banking digitisation: seminar
He also shared a report from the National Payment Corporation of Viet Nam that said the amount of money withdrawn from ATMs fell from 90 per cent of total transactions in 2015 to 26.5 per cent this year. The 24/7 online money transfer increased from 1.1 per cent to 66.6 per cent. … [Read more...] about COVID-19 accelerates banking digitisation: seminar
Globally, people have stopped spending on things like alcohol, cigarettes, travelling, or fancy restaurants and spend more on essential needs such as healthcare and insurance. The downward trend, obviously, is due to lower income because of financial hardships. The global insurance industry has witnessed digital transformation which has also helped to address customers’ problems to soften the impact of COVID-19, with tailor-made solutions. Insurance benefits are also paid in a fast and professional manner. … [Read more...] about New mindset needed for insurance industry