As we move deeper into what some experts have coined the “post-globalization” era, the Group of Seven (G-7), comprised of the world’s leading economic powers, is evolving its approach to international trade and finance. The recent focus on creating a mutually beneficial partnership with developing nations to build resilient supply chains exemplifies this shift. Economic … Read more
The evolution of technology has significantly impacted the financial sector, giving rise to cryptocurrencies as a viable alternative to conventional banking systems. As these systems diverge in their operational strategies and benefits, understanding their unique attributes can help us navigate the transforming financial landscape. The Emergence of Cryptocurrency Cryptocurrency, a form of digital or virtual … Read more
The US dollar has been the world’s primary reserve currency since the end of the Second World War, a position that has remained unchallenged even as political and economic landscapes shifted. Today, however, emerging trends indicate that this supremacy might be facing a contest. The Unwavering Dominance of the US Dollar The US dollar’s prominence … Read more
International E-commerce Tax Landscape The international landscape of e-commerce taxation is evolving rapidly. Governments globally are striving to unearth hidden treasures in the form of taxes from the internet cloud, driven by the United States, European Union, and the Organisation for Economic Co-operation and Development (OECD). The United Nations aims to enhance this effort even … Read more
Beating the Forecasts: An Unexpected Upswing The Malaysian economy has shown resilience and dynamism, with a reported increase in gross domestic product (GDP) of 5.6% in the first quarter of 2023. This impressive figure surpasses the 4.8% annual expansion previously predicted by analysts in a Reuters news agency poll. In comparison, the country had experienced … Read more
The international trade of agricultural commodities involves complex transactions, with buyers and sellers negotiating various aspects, including payment terms and quality inspections. One critical aspect to consider is the timing and location of payments and inspections for agri-commodities. This article discusses the main reason why agri-commodity payments should be made at the port of loading … Read more
In the global economy, international trade plays a crucial role in shaping the dynamics of industries and markets. For businesses dealing with commodities, understanding premarket insights and developing a robust business strategy is essential to succeed in international commerce. In this comprehensive guide, we will explore the importance of premarket analysis and how it can … Read more
World Trade Organization’s Forecast for 2023 According to the World Trade Organization (WTO), global merchandise trade volumes are expected to experience a “subpar” growth of 1.7% in 2023. This growth is weighed down by ongoing issues such as the war in Ukraine, high inflation rates, tighter monetary policies, and financial uncertainty. Although this forecast is … Read more
Digitalization Benefits and Solutions for Small Businesses The Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) discussed the advantages of digitalization for small businesses on 26 April. Singapore shared its experiences with digital trade facilitation through its digital economy agreements, which include the adoption of the UNCITRAL Model Laws on E-commerce and Electronic … Read more
International financial management (IFM) plays a critical role in the success of businesses operating in the global marketplace. It involves managing the financial risks associated with cross-border transactions, investments, and financing activities. This article aims to provide an academic-quality overview of key concepts in international financial management, best practices for managing financial risks, and an … Read more