According to a latest report, the Indonesian government has decided to allow foreign investment in airports and ports. This strategy is being adopted by the government in order to revitalize the Indonesian economy.
The sources have revealed that the Indonesian government is of the view that their economy is growing at the slowest pace since the global recession.
According to a new report, unlimited fines could be imposed on those companies, which put tough controls on the payday lenders.
The next year, regulation of consumer credit will be taken over by The Financial Conduct Authority (FCA) from the Office of Fair Trading (OFT). This regulation will take place in the month of April, 2014.
SEBI has announced rules for angel investors with aim to promote entrepreneurship in India. Many new age companies in India look for angel investors to fund them. Angel investors take more risk and get better rewards for their investment in early stage companies. In recent times, Finance Minister has indicated to control the way angel investors deal with startup companies in India.
The Financial Conduct Authority (FCA) has lately decided to conduct a review of mobile banking, promising that fraud and security would be focused on.
Mobile banking may include financial transfers, contactless payments and online account access with the usage of tablet computers or smartphones.
A survey was lately conducted by recruitment firm Robert Half. It has revealed that in order to retain employees prior to the launch of bonus cap, some 66% of financial services firms in the UK have increased salaries.
The survey included recruitment of as many as 100 chief financial and chief operations officers. It has been told that around 20% hike has been introduced by the companies.
As per recent reports, it has been unveiled that certain activities have boosted Britain's economy by little percentage. Supermarket Asda is quite regular in carrying out mums survey by which it remain updated about the prevailing trend and probable reason behind it.
On Wednesday, the Financial Reporting Council (FRC) announced that it was carrying out an investigation into the way Manchester Building Society was audited by Grant Thornton.
The group has been looking for how Grant Thornton explained the interest rate swap arrangements in the accounts of the building society. The same had impelled a financial adjustment the previous year.
- Ofcom's research shows Payday loan TV ads rocket as Adults estimated to watch 152 a year
- Tesco to add 300 Employees
- NimbleTV launches its TV-on-demand service to New York City area
- Micron settles with Rambus on DRAM memory patents
- Canonical partners with unnamed manufacturer to bring Ubuntu Touch OS to high-end handsets