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Construction Industry Looks to 2023

CFO News Room

As 2022 closes and 2023 begins, we spoke with the members of our senior sales team for the construction industry to get their thoughts on the challenges construction companies will face in the new year. They have been through many business cycles and have seen construction businesses thrive, survive, and fail.

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Demand for construction equipment to pick up this year: ICEMA

CFO News

Construction Equipment Demand: The Indian construction equipment market is poised for a significant surge in demand this year, driven by above normal rainfall forecasts and a robust government infrastructure agenda, as stated by ICEMA leaders. JCB India reports record performance amid industry challenges.

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Botswana Turns A Political Page

Global Finance

GDP growth is forecast at just 1% for 2024, down from 2.7% Fiscal expansion through government-backed construction projects is expected to cushion the downturn. in 2023 and 5.5%

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From Gut Feel to Real-Time, Why CFOs Must Build Finance Teams that Think in Dashboards 

CFO Talks

You need people who don’t just know how to close the books, but how to forecast outcomes, stress test assumptions, and build the kind of decision-support tools that bring insight to life. Their forecasts have credibility. Without it, everything from your cash flow forecasts to your investor presentations becomes shaky.

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Using Cash Flow Forecasting to Withstand the Downturn

Centage

However, one of the most important planning tools for a business of any size is cash flow forecasting – and it’s especially important in times of uncertainty. Knowing the timing, amount and predictability of future cash flows with cash flow forecasting should be an essential component of the budgeting and planning process.

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Business insolvencies in APAC set to rise in next two years, report says

Future CFO

In its Global Insolvency Report, Allianz Trade is forecasting a 5% and 6% rise in 2025 and 2026, respectively, with the region ending 2024 with higher-than-expected increases in most markets. Singapore recorded a 46% climb, while Hong Kong saw a 25% rise, particularly in the construction, wholesale and services sectors.

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World’s Safest Banks 2024: Emerging Markets Top 50

Global Finance

Growth forecasts indicate further deterioration, with projected GDP of 4.9% However, with the OECD’s GDP growth outlook for 2024 revised downward slightly from the organization’s earlier forecasts, to 2.5%, policy makers at the Bank of Korea are looking to ease interest rates. in 2024, down from 5.2% last year and falling to 4.5%