Posts by splash
Service sector grows at fastest pace in eight months
The service sector grew at its fastest pace in eight months in March, new figures show. The latest AIB Purchasing Managers’ Index (PMI) reveals that the index reached 56.6, up from 54.4 in February. Readings above 50 indicate overall growth in activity. “The acceleration in activity was broad-based and points to improving business conditions throughout…
Read MoreThe Blueprint for International Expansion: Financial Considerations for Going Global
Expanding your business internationally is an exhilarating step towards new markets, diverse customer bases, and enhanced profit potential. However at KAAS we know that venturing beyond domestic borders introduces a complex array of financial considerations that can either pave the way for success or lead to costly missteps. A strategic approach to navigating these financial…
Read MoreECB’s Holzmann says warming to June rate cut but keeping an eye on Fed
The European Central Bank could start cutting interest rates in June as inflation may fall quicker than expected but should not get too far ahead of its US counterpart, as that diminishes the potency of easing, Austrian policymaker Robert Holzmann said. Euro area inflation has tumbled over the past year and economic growth stalled, shifting…
Read MoreInflation falls below 2% for first time since June 2021 – flash CSO reading
Annual inflation in Ireland fell below the euro zone-wide target of 2% for the first time in almost three years after slowing to 1.7% in March, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office shows. Irish inflation peaked at almost 10% year-on-year in the middle of 2022…
Read MoreUnions join forces in call for major reforms of workers’ rights
Several of Ireland’s largest trade union groups have joined forces calling for a major reform of workers’ rights. The Respect at Work campaign says there should be cross party-political support guaranteeing greater protections for employees in the workplace. SIPTU, the Financial Services Union, Mandate Trade Union and the Communication Workers’ Union are all backing the…
Read MoreCost of second hand homes in Dublin rise 1.9% in first quarter
The average price of a used property in Dublin rose 1.9% between January and March compared to the previous three months, new data from DNG shows. That’s more than twice the level of growth recorded in the city in the same month of last year and leaves the average price of a resale property in…
Read MorePension auto-enrolment: What is it and what will it cost?
After decades of discussion and debate, the prospect of workers being automatically added into a private pension scheme took a step closer this week. On Wednesday the Cabinet approved a Bill that is designed to create an auto-enrolment pension system in Ireland. Following the lead of Britain, New Zealand and Italy, amongst others, the scheme…
Read MoreManufacturing contracts again in March – PMI
The manufacturing sector contracted in March after briefly returning to growth a month earlier, a survey showed today, with confidence among firms also slumping to the lowest level in more than three years. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) fell back below the 50 mark denoting growth to 49.6, compared with 52.2…
Read MoreProtecting Your Assets: Essential Insights into Business Insurance
In the complex world of business, unforeseen challenges can arise at any moment, threatening the very foundation you’ve worked tirelessly to build. From natural disasters and property damage to liability claims and cyber-attacks, the array of potential risks is vast. At KAAS, we know that this is where the strategic role of business insurance becomes…
Read More€10m paid out so far under €125m mortgage interest relief scheme
Just €10m has so far been paid out in mortgage interest relief under the Government scheme announced in the budget, despite €125m being allocated for it. 12,107 PAYE taxpayers have made a claim for the assistance, which is designed to help those who struggled with mortgage repayments last year because of rising interest rates. Of…
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