Monthly Archives: May 2014

Unstable Economic Growth Rate Of United Kingdom

The economy of UK will keep dipping in and out of growth this year. According to Sir Mervyn King, the chief of Bank of England the UK economy will “zigzag” this year. The quarterly inflation reports of the bank stated that the economy will grow by about 1% and forecasts inflation will continue to fall in the coming months but now it now predicts inflation will decline towards 1.8% by 2014, not as low as the previous estimate of 1.3%.
Chief of Bank of England warned that the euro zone crisis remained a big risk. UK unemployment rose by 48,000 to 2.67 million in the three months to December, the smallest rise in almost a year. Though some of the business survey is showing a pick up in the economy at the start of this year, but said this may not last. It also forecast that inflation would drop to the government’s target of 2% by the end of 2012 and will fall further next year.
The fear is generating that UK is slipping back into a technical recession; the governor reiterated his warning that the recovery is likely to be ‘slow and uncertain. The inflation of UK is falling from its peak but it will stay above the target. The economy of UK has just suffered a quarter of contraction and could slide into a technical recession. Disruptions to the supply of oil could pose an upside risk to the inflation outlook. The extra Bank Holiday for the Queen’s Diamond Jubilee made it even harder than usual to interpret the official estimates of growth. The hard times remained tough and challenging for the UK economy, and there remained a number of factors that were completely unpredictable. Moreover there is no easy or quick remedy to tackle the current economic situation. Apply for quick finance at payday loans no credit check @ and get finance without any type of verification.
The slowdown in inflation would help economic recovery as people’s spending power became less squeezed. According to the reports released on Tuesday showed that Consumer Prices Index (CPI) inflation slowed to 3.6% in January, from December’s rate of 4.2%. The inflation chart appears to show that CPI will drop to around 1.8% in two years, higher than its November forecast of 1.27%. Millions of UK people spending power reduced sharply. The Bank is predicting a pick-up in growth to about 1.8% in 2013.

Offshore Corporation And Offshore Merchant Account.

Having a credit card with you helps you be at ease. With the credit card in your wallet you can shop around merrily without worrying over your money getting stolen. The credit card also facilitates you to carry out huge purchases without having to shell out tons of money at the payment counter. Most of the shopping arcades, restaurants, supermarkets, and private shop owners have credit card machines installed at their payment counters to help the consumer pay by credit cards and which perform the task of online credit card processing. This has made it possible and convenient for the consumers to avoid carrying hard cash, thus avoiding the risk of an occurrence of any kind of mishap.

Many merchant businesses today, have credit card machines at their disposal. The merchants find it easier to accept the credit card payments by getting them processed via the credit card machines. For the realization of the payments done by the consumers by using their credit cards, these merchants open up a merchant account. Also the credit card processing method enables quicker online transaction. Many merchants who have their business, be it big or small, have also opted for opening an offshore merchant account that facilitates them even to carry out international trade.

Many offshore companies and offshore merchant account providers offer various features including tax benefits, privacy as regards their accounts, immunity from international fraud, low and high risk merchant accounts, real time credit card processing, payment gateway solutions, provide solutions no matter what the geographical position of the individual is, protection against online forgery, payment processing in multiple currencies, 24/7 customer support, etc.

For doing businesses outside their home country, many people set up offshore structures, conducting their business affairs that do not infringe any laws. Many people live in other countries wherein they require offshore merchant accounts, offshore bank accounts, offshore corporations, offshore real estate, etc. Very often people use offshore privacy for the purpose of protecting themselves from identity theft, kidnapping, blackmail, and possible extortion.

The banks that offer offshore merchant account dont have to perform credit history checks; it means that even if you have had a bad credit history and disqualify for a merchant account in US, yet youll qualify for a free offshore merchant account. A free offshore merchant account doesnt require statement fees. No monthly or annual charges have to be incurred for this type of account. The completely computerized payment process, which involves real time processing, makes the whole thing simple. So, even though you are a high-risk merchant, still your company can get an offshore merchant account.

An offshore merchant account offers high security business account processing which is completely hassle free and also doesnt charge excessive fees. Free offshore merchant accounts offer benefits that one cant get with a domestic merchant account. All your offshore commercial activities are dependent on them. These accounts have come up as a wonderful endowment for the business world.

Causes Of Economic Recession An Overview

Over the course of the past year there has been a significant amount of media attention being paid to the subject of economic recession. With that said, you may be like many people and find yourself worried about facing the prospect of an economic recession. But, you may not exactly know what are the causes of economic recession. Through this article, you are presented with an overview of some causes of economic recession. By way of this information, you will have a better idea of what you are facing when it comes an economic recession.
Generally speaking, when it comes to the causes of economic recession, there normally are a number of contribution factors. In other words, there tends to be a number of factors that combine to give rise to the causes of economic recession.
With that noted, one of the more significant causes of economic recession is inflation. In most instances, an inflationary period does precede a recession. In some instances, more significant inflation becomes one of the primary causes of economic recession. In the end, inflation has its most significant impact on consumers.
The national debt can also contribute to recession. The higher the national debt grows, the more money the government is forced to borrow in a particular fiscal year, the higher the odds are that a recession might be around the corner.
Beyond inflation and an increase in the national debt, a devaluation of the national currency can also be one of the causes of economic recession. In other words, when the currency exchange rate of a nation’s monetary unit becomes adverse, recession can be in the offing.
As was noted previously, in most instances these various causes of economic recession come together in advance of an actual recession. These different economic problems interplay with one another to cause a recession. Historically, when recessions have occurred, the existence of a number of these causes of economic recession could be seen contributing to the actually recession that ended up taking place.
A recession technically is said to be taking place when there is negative economic growth over the course of two consecutive quarters (or six months) in the course of a given year. These different causes of economic recession are all used as economic indicators to determine whether or not a recession is about to occur or is in fact occurring.
There are also some other causes of economic recession that can play into the mix. However, with that said, the causes of economic recession that have been noted in this article are the most common of these contributing factors, the causes of economic recession that are most commonly seen.

APEC Summit Ends with Pledge to Conclude Doha Round of Trade Talks

US President Barack Obama (C) stands with other APEC leaders for group photo following their evening dinner in Singapore, 14 Nov 2009009

Asia-Pacific leaders ended their summit in Singapore Sunday with a final statement that pledged a conclusion of the Doha Round of global trade talks in 2010, but removed targets for carbon emissions cuts.

The 21-member Asia-Pacific Economic Cooperation summit dropped a target to cut greenhouse gas emissions in half by 2050, despite declaring climate change one of the biggest global challenges.

The APEC leaders also rejected all forms of protectionism and said they would commit to concluding the Doha Round of trade talks next year. The talks have been deadlocked over disagreements between developing and developed nations on cutting farm subsidies and tariffs.

The declaration Sunday also said the 21 member economies will maintain stimulus policies until a durable global economic recovery has clearly taken hold.

Obama Meets MedvedevU.S. President Barack Obama meets with Russian President Dmitri Medvedev Sunday on the sidelines of the APEC forum. The two plan to discuss Iran’s nuclear program and Afghanistan.

President Barack Obama waves after stepping off Air Force One upon arrival at Paya Lebar Air Base in Singapore, 14 Nov 2009

Mr. Obama also announced that his native U.S. state, Hawaii, will host the APEC summit in 2011.

President Obama’s schedule Sunday includes meeting with the leaders of the Association of Southeast Asian Nations, with Burma among the key topics.

At a breakfast meeting early Sunday to discuss climate change, most ASEAN heads agreed that it is not likely they will seal a deal at next month’s climate change talks in Copenhagen. Danish Prime Minister Lars Lokke Rasmussen, host of the Copenhagen talks, made a trip to Singapore to attend the meeting.

US Accused of Protectionism

APEC leaders called Saturday for more cooperation on global economic recovery efforts and took aim at signs of U.S. trade protectionism.

Hu Jintao

Chinese President Hu Jintao said promoting openness in international trade and curbing protectionism would help revive the world economy.

Mexican President Felipe Calderon singled out Washington for “going in the opposite sense of free trade.” Russian President Medvedev made the same point.

In a speech in Tokyo Saturday, President Obama called on Asian countries to break their dependence on exports to the United States, and to pursue “balanced” and sustainable economic growth.

Some information for this report was provided by AFP, AP and Reuters.

Toluene Global Market to 2020 – Asia Pacific to Account for 50% of Global Demand by 2018, Driven by

Summary

Toluene Global Market to 2020 – Asia Pacific to Account for 50% of Global Demand by 2018, Driven by Solvent Applications, Benzene and Xylene Markets’ is an in-depth report focusing on the demand side of the global toluene industry. The report provides the reader with detailed analysis and forecasts of the major economic and market trends affecting global toluene demand in all the major regions of the world. It also provides analysis and description of the major drivers and restraints affecting toluene demand in various regions. Global toluene demand is assessed in terms of end-user segments and price and a competitive landscape, at both regional and country level, is also provided. Overall, the report presents a comprehensive analysis of the global toluene market covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Scope

– Drivers, restraints and challenges affecting the growth of the toluene market for all the major regions: Asia Pacific, Europe, North America, the Middle East and Africa, and South and Central America. – Demand and production volume forecasts for the toluene markets of all major countries: the US, Canada, the UK, Germany, France, Russia, Italy, China, Japan, South Korea, India, Thailand, Taiwan, Saudi Arabia, Iran, Brazil, Mexico and Argentina. – Demand volume forecasts of the major end-user applications, highlighting trends and volume share analysis for each of these applications in all major countries. – Pricing forecasts and analysis of the major countries and regions. – Capacity share analysis of the key producers in all the major countries. – Toluene import and export trends in all major countries.

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What Are the Different Types of Government Job Titles and Designations

If you asked most people where they would want to work, most of them would say for the government. Sure, it doesn’t pay as much as many private sector jobs, but for most people, the benefits, job security and 9-5 lifestyle cannot be beat. The funny thing is, if you ask these same people what type of job they are looking for, they usually say the same thing – I don’t know, just something in government. This article will attempt to shed some light on the basics to the government job search.

While there are several local, state and federal jobs in every state in the nation, the majority of positions can be found in the major cities, where most of the agencies are headquartered. These major cities include: Washington D.C., New York, Virginia, and California, although if you are seeking a federal job position, your best bet would be Washington D.C. where most federal jobs are located. But, if you are seeking to simply get your foot in the door in a government agency, you can do that in pretty much any city in the nation.

Most government jobs are listed on sites such as USAJobs.gov, which is the primary site for government jobs. Using this site is the same as using pretty much any other job site such as monster, indeed, ladders, etc.

The jobs will be listed by title, location and GS-level. You may be asking yourself what a GS-level is. In government jobs, GS refers to “General Schedule.” The GS-levels are based upon the skill levels and levels of responsibilities of the particular position. The higher the GS-Schedule number, the more senior the position is. So if you are an entry-level employee, do yourself a favor and do not apply for jobs above your level – it will be a waste of your time, as well as a waste of the time for the person reviewing the resume. Not to mention, it will leave a bad taste in the HR person’s mouth.

In addition to USAjobs.gov, there are several other websites that can also be assistance, based upon your location, skills level, and preference. A simple Google search of “government jobs” should do the trick. In addition to government positions, there are also “Government Contractor” positions, which is when a private company contracts with the government agency to perform contract workers. This is an excellent opportunity to get your foot in the door, without having to deal with the bureaucracy of trying to break into the world of government jobs.

Please keep this one important fact in mind – there are an astronomical number of applicants for a limited number of jobs. Therefore, be sure that you can meet the basic qualifications for the position, hire a certified resume writer with experience in drafting federal resumes to prepare you resume for you, take a deep breath, and go for it!

Asean Economic Community (AEC) Free flow of skilled labor

Association of Southeast Asian Nations (ASEAN) is an organization which was incorporated according to Bangkok Declaration. ASEAN is aimed to create stability and development in terms of politics, economic, social and culture among the member States. The members of ASEAN are 10 countries in total, namely: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia. The ASEAN has incorporated the -ASEAN Economic Community- with the objective to promote the single market and manufacturing base within Asia. Moreover, it also aims to freely move products, services, investments, capitals as well as skilled labors between the members within year 2015.

As mentioned previously, one of the co-operations between the ASEAN is free movement or freely flow of skilled labors. As a result, Thailand, as an ASEAN member, has already signed the Mutual Recognition Agreements (MRAs) to facilitate the mutual recognition of the qualification of important professions. The MRAs has indicated the qualification of each profession to accommodate the moving of professions and skilled labor within the member countries. Therefore, the professions’ qualifications have to comply with the standard as specified in the MRAs. However, even the freely move of the skilled labor is the main objective of AEC, the regulations of entry permit and working permit have to still comply with each member countries’ rule, for example, the permit or the license for each profession.

Nonetheless, not all professions are moved freely. As yet, ASEAN has started with seven (7) professions, as specified in the MRAs, which are Doctors, Nurses, Engineers, Examiners, Architectures, Dentists and Accountants. The other professions are still in consideration and have not yet agreed between the members. Therefore, the restricted of 39 jobs to Thai national are still reserved for Thai national with the hope that the future mutual agreement between the member shall come into place.

To effect the above, Thailand has to amend three relevant laws which are currently restricted foreigners to work in Thailand: Alien Working Act, Act of Skill Development and Labor Relations Act.

Besides the freely move of skilled labor, the ASEAN has also stipulated the directions or stages of operation of an ASEAN economic; for example, timeline for tariff reduction and timeline for revoking non-tax measures.

Rachel Pachica blogs about legal issues, as well as blogging in general. She is the Marketing Manager at Siam Legal International, a top tier Law Firm in Thailand.

For related ASEAN news post

Corporation Of A Red Bee

Jollibee has been among the many fast-food restaurants found in the Philippines that also became one of the biggest fast-food restaurant around the world. From the US and across South East Asian countries, Jollibee has become a mobile restaurant that serves not only the Filipinos expariates but also the foriegn communities that would enjoy a taste native to the Filipinos.

The Jollibee Food Corporation has really become one of the biggest corporation in the Philippines that boasts Filipino ingeniulity across the globe. But what made Jollibee so successful isn’t only because of the brand itself, but because of its expansions and acquisition of other rising fast-food restaurants in the Philippines. These restaurants are Greenwich Pizza (now Greenwich Pizza Corp.), Chowking (now Chowking Food Corp.), Red Ribbon Bakeshop, Dlifrance, and a more recent acquisition Manong Pepe’s.

The company acquired 80% of Greenwich Pizza Corp. in 1994, enabling it to penetrate the pizza-pasta market. From being a 50-branch operation, Greenwich has established a strong presence in the food service industry. In early 2006, Jollibee Foods Corporation bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash.

Jollibee acquired Chowking and Red Ribbon Bakery in 2000 and 2005 respectively. By aqcuiring Chowking and Red Ribbon Bakeshop, Jollibee has been allowed to be part of the Oriental quick service restaurant segment and in the cake and pastry industry.

In 2006, Jollibee Food Corporation acquired the franchise of Dlifrance. This further expanded its penetration in the food service industry, particularly in the French cafe-bakery, a growing segment of the Philippine food market. In September of 2006, the company acquired the remaining 50% stake of Delifrance Asia Ltd. in Baker Fresh Foods Phils., Inc. (BFFPI). This means BFFPI is now a wholly owned subsidiary of Jollibee and that the listed food giant has the exclusive rights to operate Delifrance outlets in the country.

The corporate actions in buying out the minority shareholders in Greenwich Pizza (20%) and Delifrance (50%) were the prelude to a plan to integrate the Greenwich Pizza, Chowking, and Delifrance brands under one corporate entity. Under this plan, merging of the subsidiaries would be implemented by having Greenwich Pizza Corp. and BFFPI folded into Chowking Food Corp.