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Best Countries for Business 2019

Conducting Business in 2019

Which countries are best for conducting business in 2019?  For the last 13 years, Forbes has been presenting  its annual recommended list on the regions most amiable to capital investment.  For the second consecutive year the UK is was ranked Number 1. According to Mark Zandi, Chief Economist of Moody:

“The U.K. has a globalized economy that is more open than most across the world in terms of trade, investments, capital flows and, until recently, immigration.”

However, Brexit is bringing its own set of complications.  According to Michael Lennon, President of the Irish Hotels Federation (IHF):

“We are increasingly concerned about the direction that Brexit is taking and the impact that heightened uncertainty is having on our sector. A disruptive Brexit would have enormous economic repercussions which would be felt directly by tourism businesses given our heavy reliance on the UK market. [With all the uncertainty consumer sentiment will likely be negatively impacted]. The impact would be more pronounced in regions with greater exposure to the UK market, particularly those outside the main tourism hotspots. These regions have lagged behind in recent years and can least afford the economic hit.”

Meanwhile, the US was placed in the 17th position, primarily due to

“growing evidence of Russian interference in the 2016 presidential election, violations of basic ethical standards by the new administration, and a reduction in government transparency.”

Globally, the World Bank anticipates that the international economy will likely become more stagnant at a rate of 2.9 percent this year (compared with 3 percent last year) thanks to heightened trade tensions and worldwide trade.

The growth of the global economy is expected to slow to 2.9 percent in 2019 compared with 3 percent in 2018, the World Bank said on Tuesday, citing elevated trade tensions and international trade moderation. With the US-China trade dispute, it is anticipated that US growth will probably drop to 2.5 percent (from 2.9 last year) with China taking a .3 percent drop from 6.5 last year to 6.2 in 2019. 

The Best Bank?

This year’s number 1 title of World’s Best Banks ranked by Global Finance was DBS Bank.  It was a well deserved recognition given that it is “the first institution from either Singapore or Asia as a whole to receive the top honor,” using technology to make banking much more efficient in the region. When it… Continue Reading

Asia’s Best Under A Billion List

Each year Forbes creates a Best Under a Billion list for the top 200 Asian companies. The list “highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top- and bottom-line growth.” There was an average growth of 62 percent this year in annual sales.  That generated a combined $45 billion… Continue Reading

8 Online Safety Tips for Small Businesses: eSafely

The National Cyber Security Alliance (NCSA) and Symantec recently launched a survey of US small businesses which revealed that although most believe they are safe from hackers and malware, their online security policies are extremely weak. As a result, small businesses are especially vulnerable. The survey offers eight tips for improving online safety and ensuring… Continue Reading

Keep Your Eyes on These Guys: Financial Leaders Who Will Make a Difference in 2014

Smart investing is often based on a solid knowledge of past trends and educated guesses about the future. Professional financial advisors, therefore, must keep abreast of the influences on the marketplace, in addition to having a thorough understanding of what has come before. In order to assist professional advisors and investment managers, Rep., an online… Continue Reading

Top Technological Developments of the 21st Century

Online shopping has swept people up across the globe, and was recently voted the biggest technological development of the 21st century in Britain. The majority of the world’s retailers offer online shopping opportunities, and other websites such as 6pm.com and overstock.com were created specifically to help people save money while shopping for their favorite brands… Continue Reading

Top Ten Largest Economies by PPP GDP

Emerging economies and numerous crises have shaken most, if not all of, the world’s economies today. Evaluation of size and growth varies greatly amongst analysts, while GDP is measured with two different approaches- nominal GDP and purchasing power parity or PPP GDP. The latter considers the dollar’s buying capabilities in different countries, thereby providing a… Continue Reading

Here Today, Gone Tomorrow: Companies That Will Not Live Out the Coming Year

If you are old enough to remember companies like TWA, Pan Am, Woolworth’s and lots more, then you know that even the seemingly most stable, powerful and successful companies can go belly-up despite their prestige and branding. History teaches its students that the future is just a remake of the past, and what we learn… Continue Reading

Tips to Avoid Overdue Payments: Small Business Advice

One of the most crippling problems amongst small businesses is the excessive number of overdue payments. The average SME receives payments from other businesses two months late, and many suffer greatly from the delay. The Guardian lists several tips for avoiding such situations: Don’t make credit management subordinate to sales– Make sure the incentives you… Continue Reading