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Minister Calls for Action: Boost Manufacturing Sector with Top-notch Services
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Addis Ababa, May 6, 2025 (ENA) – Stakeholders highlighted that efforts are being expended to provide efficient services and support to help the manufacturing sector thrive. On the sideline of the 3rd Made in Ethiopia Expo, stakeholder’s discussions on pertinent issues to the manufacturing sector has continued. The president of the Commercial Bank of…
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National Insurance Hike Boosts ‘Cash-in-Hand’ Practices
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The increase in employers’ National Insurance contributions raises the likelihood that companies might opt for undeclared cash payments to employees, according to a study commissioned by the Northern Ireland Executive’s finance department. From April employers have had to pay NI at 15% on salaries above £5,000, up from 13.8% on salaries above £9,100 .…
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NAB Reports 2.5% Drop in Net Profit to AU$3.4B in H1 2025
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The net operating income increased by 1.4%, and the net interest income went up by 0.6%. National Australia Bank The National Australia Bank (NAB) posted a net profit of AU$3.4 billion for the first half of fiscal year 2025, which concluded in March 2025. This represents a decrease of 2.5% from the corresponding period…
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Chinese banks’ annual credit loses to average $353b in next two years
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Nonperforming assets and bad debt are expected to rise. Chinese banks ‘ nonperforming assets (NPA) ratio may rise to 6.3% through 2027 as trade disputes weigh on the economy. The US trade policy may result in more bad debt from small companies and unsecured lending, said S&P Global Ratings credit analyst Ming Tan. Tan…
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APAC Banks Lead EU in Digital Adoption, But Branches Still Matter
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Malaysia and the Philippines expanded their branch networks between 2019 and 2023. Banks in the Asia Pacific region outpace their European peers by a median of 4.5% in digital adoption , although physical branches are not going anywhere for some markets. Digital channels now account for 60% of basic financial product activities across the…
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Kidnappers Demand: Money, Jollof Rice, and Drinks in Edo and Delta
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Suspected herdsmen kidnappers have forced impoverished inhabitants of the Ubulu-Uku community in Aniocha South Local Government Area, Delta State, to raise an N10 million ransom to free two locals who were kidnapped and kept hostage for fourteen days. Read Almost: VDM: Sources from EFCC clarify arrests, HURIWA sharply criticizes the agency NDV found out…
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