China’s reopening story fizzled out with the Hang Seng Index slipping into bear market and the Chinese yuan fell to its lowest level in 16 years in August 2023 with the second largest economy in the world facing a deep real estate crisis threatening the possibility of a systematic risk happening. To make things worse, not only growth is stalling, consumer prices are also falling and the youth unemployment has risen so much that the Chinese government decided to stop publishing this data.
Globally, core inflation remains stubbornly high in many parts of the world and is one of the key economic data hurting global growth and with China slowing down, is there going to be a global recession in 2024?
In 1974, Saudi Arabia priced its oil exclusively in US dollars in exchange for security guarantees from the United States. This petro-link is one of the pillars on which the US dollar rests as the world’s primary reserve currency today. During the 2023 World Economic Forum in Davos, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, stunned reporters when he expressed that the oil-rich nation was open to trading in currencies beside the U.S. dollar for the first time in 48 years. Is this the beginning of de-dollarisation?
This course will analyse key global economic data and the consequences of a global economic slowdown on various countries and asset class besides analysing the possibility of de-dollarisation.
It is important to review budget changes yearly. While tax is an imposition by the government, there are always possibilities to arrange your tax affairs in such a way as to attract the least amount of tax. This one-day program will highlight the recent budget amendments and also provide a platform to discuss tax planning ideas that will contribute immensely to wealth maximization. Taxation pervades the four pillars of financial planning – wealth accumulation, protection, preservation, and distribution. Every financial service professional should be adept at taxation, both the law and the planning opportunities.
Elevate Your Greatness: Unleashing Potential for Success is a motivational mantra emphasizing the journey towards personal professional excellence. It encourages individuals to aspire to higher achievements and to unlock their full capabilities. By embracing this mindset, once can overcome obstacles, strive for continual improvement and ultimately reach their desired level of success.