The changing dynamics of the asset management industry The asset and wealth management industry is facing a transformative moment. Despite an 12% increase in global assets under management (AUM) to $120 trillion, the profitability and revenue gains have not kept pace. The revenue needle barely moved in 2023, while profits fell 8.1%. Asset managers are … Read more
Traditionally dependent on hydrocarbons and minerals, Indonesia’s digital economy is now booming thanks to high internet penetration and a tech-savvy population. The country’s tropical climate and enormous geothermal resources also offer compelling opportunities for early investors in carbon-free energy. Monopolies ‘Diminished’ Indonesia endured decades of miliary dictatorship following independence from Dutch colonists. And since the … Read more
President Recep Tayyip Erdogan’s ambitious dreams include building Turkey from “regional economic centre into global economic powerhouse” and boosting it from the world’s sixteenth largest economy into the top 10. In the shorter term, the bi-continental country’s much-vaunted Twelfth Development Plan (2024 to 2028) aims to improve its “international stature, fostering prosperity and combating inflation … Read more
Buy-now-pay-later offers SMEs an alternate credit source. Although generally available in the consumer market for about a decade, the electronic payment model of buy-now-pay-later (BNPL) is finally bearing fruit for micro, small and midsize enterprises (MSMEs) by avoiding interest payments on corporate credit cards, reducing paperwork, facilitating quicker transactions, and improving liquidity management. The business-to-business … Read more