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Sri Lanka: Recovery Takes Hold

Global Finance

Since then, Rajapaksa’s successor, President Ranil Wickremesinghe has presided over yet another tentative economic recovery. Sri Lanka has always held great potential for economic development, say experts; and this latest recovery again offers attractive prospects for outside investors. “The The World Bank projects GDP growth of 1.7%

Economics 105
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Budget 2022 | Steering the economy — From India at 75 to India at 100: Sanjay Tolia, partner, Price Waterhouse & Co LLP

CFO News Room

Directionally, the government continues with its focus on infrastructure spending which is slated to bring the next phase of economic growth. Towards this, the PM Gati Shakti initiative promises economic transformation.

Budgeting 100
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Netflix, Coinbase, Alphabet, SVB Financial & more

CFO News Room

after CEO Sundar Pichai announced the company will lay off 12,000 employees noting in a memo that the company “hired for a different economic reality than the one we face today.” ” Eli Lilly — Shares of the pharmaceutical company fell more than 2% after the U.S. .” per share on $20.77

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Pay rises are making a comeback in Asia Pacific

Future CFO

Companies in the region plan to give employees larger rises next year as they recover from the economic fallout of the pandemic and face mounting challenges attracting and retaining employees, according to the latest Salary Budget Planning Report by the company. Emerging markets such as India at 8.8% and Indonesia at 6.5% for 2021 and 3.7%

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Coronavirus Impacts eCommerce, Business Travel

PYMNTS

economist at Oxford Economics, Lydia Boussour, said, “Consumers shielded the economy from global headwinds for most of 2019, but they won’t prove immune to the coronavirus outbreak.” And, the Food and Drug Administration said the pharmaceutical space noted its first medicine shortage because of the coronavirus, CNBC reported.

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Salary hike: What to expect next year in Asia Pacific

Future CFO

last year, likely due to the global economic uncertainty, Hsu added. Companies in the manufacturing, energy and natural resources, and pharmaceuticals and healthsSciences industries have the highest involuntary attrition rate in the region, Hsu pointed out. in 2017 to 10.4% in 2017 to 4.0% in 2018, he observed.

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OECD Report: Rise In Counterfeit Goods Harms Global Economy

PYMNTS

A new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen significantly, according to a report in the Financial Times. In fact, medical items and pharmaceuticals are usually the most-seized products.