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P&A Grant Thornton urges academe to improve accounting curriculum

  P&A Grant Thornton Chair and CEO Marivic Espano  said the academe should  institutionalize partnerships with industry for curriculum design, practical training, and work experience to improve competencies of accounting graduates. “In order to understand where the gap is, we probed into what employees needed.  The results indicated that technical knowledge is there but what we need to improve on is the way teaching is delivered to the students,” Espano said. “To foster the development of skills needed by the industry, academe should institutionalize partnerships with industry for curriculum design, practical training, and work experience,” she added. She spoke about the 'Market Gap' analysis on disparity of competencies of accounting graduates in relation to competencies of demand. The event is designed to bring together people from academe and other sectors to discuss and interact to better …

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China’s foreign policies under limelight amid rising influence

By Zhang Mengxu, People’s Daily News With more engagement from China in global governance, its foreign policies are under the limelight as the country's lawmakers examine its development course in the following two weeks. As the diplomatic ideas proposed by Chinese President Xi Jinping in these years have invigorated the country’s diplomatic image, China now shoulders more international responsibilities by playing an unprecedented active role in global stage. Not long ago, China hosted the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai. With China’s endeavors, consensus was reached during the meeting. Six months later, the 11th G20 Summit will be held in Hangzhou, in Southern China. The summit is also regarded as a platform to showcase China's leading role in global economic governance. In the last three years, Xi has set foot in …

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Samsung Pay encroaches fast into Korean financial market

By Chung Ji-sung, Maeil Business News Korea Samsung Pay, an electronic wallet service developed by global electronics giant Samsung Electronics Co., is expected to further tighten its grip over the local mobile payment market. According to finance industry sources on Sunday, four Korean banks including KB Kookmin Bank, Shinhan Bank, Nonghyup Bank and Industrial Bank of Korea (IBK) plan to provide digital wallet services using Samsung Pay when Samsung’s new Galaxy S7 smartphone makes a public debut at home on Mar. 11. Once the four banks join hands with Samsung for the mobile payment platform, customers of total five local banks will be able to use various mobile transaction services using Samsung Pay including Woori Bank. KEB Hana Bank, another major commercial bank in Korea, is also known to be mulling on …

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