Good accounting standards spell commercial success

Venkat Raman Indian entrepreneurs continue to display indifference towards employing professionally qualitied accountants, thereby exposing their businesses to higher risks, says a senior Chartered Accountant and Finance expert. Minoo Master, Financial Controller at Medtech Global Limited, a leading health information technology company with offices in New Zealand, Australia, India and the USA and Associate Director, D’Mello Chartered Accountants, believes that…

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Global meet denounces deficiency in tackling mental health

A Correspondent in Berlin, Germany A keynote address with a difference was sought of former Governor General (New Zealand) Sir Anand Satyanand by World Psychiatric Association President Professor Dinesh Bhugra of London (an Indian Newslink columnist), for its Triennial Meeting in Berlin on September 11, 2017. The Professor wanted to insert views additional to those coming forward from medical professionals…

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The ‘Amazon Effect’ lowers retailers’ confidence

Professor Jonathan Elms Massey University’s latest Big Issues in Retail survey shows business confidence has declined since 2016, with the “Amazon effect” cited as the main reason for uncertainty. The survey, now in its second year, is conducted by Massey University’s Centre for Advanced Retail Studies (CARS) in collaboration with Monash University (Melbourne) and Retail NZ. Just under 40% of…

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New Association to lift professional standards of advisers

Anand Srinivasan The New Zealand Financial Advisers Association (FAA), Institute of Financial Advisers (IFA) and Professional Advisers Association (PAA) have each given the green light for the establishment of the new adviser association called ‘Financial Advice New Zealand.’ Each association held a special general meeting last fortnight for members to vote on the formation of the new body. In each…

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If you cannot predict the Market, change it

Staff Reporter Instead of just gradually improving or creating new products and services, businesses now need to look at everything that impacts on what they make and how it is used – and shape that wider ecosystem. Nearly always, this will involve collaborating with other firms and players – sometimes even with competitors. Market Innovation  It is called ‘Market-shaping’ or…

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AIA to buy CommInsure Life and Sovereign for A$ 3.8 billion

Deal subject to regulatory approvals in Australia, New Zealand and China Supplied Content Commonwealth Bank of Australia (CBA), the parent company of ASB Bank Limited (ASB), is to sell its New Zealand life and health insurance business (Sovereign) and life insurance business in Australia (CommInsure Life) to AIA Group Limited (AIA) for A$ 3.8 billion (about $4.16 billion). The sale…

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