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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.

Learn The Economic Functions Of The Derivative Market

The derivative market is catered to the trading of derivatives between two entities, value of which is derived from the underlying assets like stocks, bonds, currencies, interest rates, commodities and market indices. Any fluctuations in these assets determine the value of these securities. Three key categories of participants of trading derivatives are hedgers, speculators, and arbitrageurs. Hedgers use variants of the derivatives to reduce or eliminate risks, speculators bet on future movements of price to ensure potential gain and loss in a tentative manner, and arbitrageurs take complete advantage of various price discrepancies in two different markets. The reason why so many participants are actively participating in the market is the bunch of benefits offered by the derivatives.

There are many benefits or advantages of the derivative market. Some of the key economic functions of the derivative market are:

These offer low transaction cost and increased gains.
It also minimizes the risk of variable loss in the financial market.
The market is a clear reflection of the market perception. It helps discover both the future and current prices of underlying assets.
The market experiences higher trading volume because of increased participation of players or investors in the market.
Derivatives provide a significant tool or mechanism through which all the investors or the participants can judge the movement of prices and protect themselves from financial risks.
These securities are inherent in nature and are deeply rooted to the underlying cash flows.
Financial market is a mixed market where it becomes really difficult to monitor and analyze the activities of various participants. The derivative market moves towards a controlled form of trading and offers an organized cash market for trading.
The incremental increase in the profit margins instills a drive within educated people to earn more and start their own businesses.
It also offers new business and employment opportunities across the globe. At present also there are so many active people working in the stock market as agents, traders, advisors, and many more with distinctive responsibilities.
In all ways and forms the market helps increase savings and investments.

Government Bids Endure the Economic system – Bid on Government Contracts

To say U.S. small companies are having difficulties in this economic system is an exaggeration. Companies today are finding that components cost more, insurance charges are increasing, the credit marketplaces stay freezing, and customers are remaining home more often. To complicate issues, current economic predictions estimate this economic downturn to continue into next year. However, some company management are finding that there is still one customer that actually looks to little company now more than ever before – The U.S. Govt.

Each season, the U.S. Govt usually spends roughly $500 million on products or solutions – a figure that will grow under C.M Barack The presidents’ stimulation plan. As the biggest customer, the government regularly procures large amounts of virtually every type of products or solutions. For example, last season in my home state, Illinois-based companies were granted over 4,000 agreements amassing over $13 billion dollars – $1.6 billion dollars of which was reasonably granted to the only specialist that provided a reaction to the national solicitation. Most of those agreements went to companies utilizing less than 50 people. In fact, the government actually needs that little, women-owned, or deprived companies receive preferential treatment in the process.

Luckily, there are some methods that make an effort to link this gap. For example, the U.S. Government Bids and U.S. Division of Business provide details to companies trying to get around the management procedures and difficulties associated with getting began. Businesses enthusiastic about providing products to the govt should look getting on GSA Routine, a supply-side buying system applied by the U.S.

General Services Management that makes products of cheapest and maximum value easily accessible to govt purchasing providers. Also, though putting in a bid requires advanced signing up through the central acquiring personal computer and other registries, the govt website [] offers notice of govt purchase activities over $25,000. This can be a useful gizmo for any businesses looking to gain access into the govt acquiring world.

Companies desperate to strongly market themselves in California may choose to straight interact with system authorities to show their item’s value in person. It can an difficult task to get on active administrator’s plans, but if successful, it can be an effective approach as product attention often effects system authorities seeking choices. Millions of dollars will be invested on products or services on tasks all across the United States. In this ancient time, companies of every type would be well recommended to study the possibilities before them. Government Contractors interested in bidding on government contracts or selling to the federal government should visit

A Reflection Of Forex Trends Forex Economic Calendar

In the world of foreign currencies, one must be able to study the trend and average true range, study the resistance and support levels and of course the trading volume and more. A trader must be able to do the studies mentioned above but the most important and often overlooked is the study of daily forex economic calendar. The main goal of this area of study is to be able to understand which fiscal releases are scheduled and the possible impact such releases would have upon the proposed or actual trades.

In order to help this study, it is important to understand that this it is much of what is contained in these releases that would actually moves the forex market – employment/unemployment data, interest rate changes, GDP, retail price index, inflation, balance of payments and more.

Also, the trader must be able to understand that as each piece of fundamental information is being released, the market participants would react to such new information. As a result, the market prices become very unpredictable.

In most cases, traders tend to commit a mistake by trying to understand the information to be released. They tend to look too closely at the information itself.

There is an example of effective strategy and it is what we call as market sentiment. This will gauge how the market participants would react to the new information. A good forex economic calendar is not just about giving time and nature of the release but also the appropriate previous figures and its corresponding indications that the market would expect the next time.

The kind of forex economic calendar previously mentioned has a facility to allow the study of specific commentary for each of the releases which could be very helpful in trying to assess how strongly the market could be affected by such release. There are economic releases that could make an impact to just one currency pair while others will affect many pairs. Also, it is important for a trader to understand the inter-relationship, or the lack of it, between the different currency pairs.

If your trading is short term then that means the daily economic releases would be affected by your trading more than the case if you were going to be in a position trading however, even for people who are into position trading would remain aware of what is due to impact the market.

Now, to conclude, whatever your routine in your daily trading, ensure that it would include depth of study of a reliable forex economic calendar.

New Government Initiatives To Boost Real Estate Sector In India

At the Government level many new policy initiatives have been taken recently to boost the real estate Property in India . These policy decisions will lend a stimulus and impetus to the industry. It is beyond doubt that the new initiatives will unlock the potential of the sector. Also, along with the stimulus package announced by the Government, the Reserve Bank of India (RBI) has taken a definitive step whereby banks are allowed to devise new schemes beneficial to the property sector.

As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:
Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route.
Full repatriation of original investment after three years.
Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
100 per cent FDI allowed in realty projects through the automatic route.

Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time taken to develop special economic zones (SEZs) by simplifying the procedures to get the tax-tree industrial enclaves notified. Now developers can easily get their land classified as an SEZ at the outset itself by producing title deeds to prove their ownership. Again, the Government has announced several concessions in the Budget 2008-2009.

New Government initiatives to boost sector of Real Estate India include granting a tax holiday on profits from initiates in the financial year 2007-2008. In order to enjoy this benefit, the housing projects should be of the affordable housing unit type of 1000 to 1500 square feet. Another condition is that such projects should be completed by March 1, 2012. Further, the Finance Ministry has allocated US$ 207 million to grant 1% interest subsidy on home loans up to US$ 20, 691. In order to avail this benefit, the cost of the home should not be above US$41, 382. It is believed that these initiatives will be add further impetus to the real estate sector in the country.

Sluggish U.s Economic Climate Adds To The Deterioration Mortgage Enterprise

There’s no arguing the belief that the bad financing securitization bought the actual U.S individuals in the mess. New lows on the latest a couple of months will be more proof of gentle U.S. economy. Poor mortgage rates tend to be encouraging the traders to refine financial loans and buying properties. Nevertheless the tempo is not in control as joblessness is touching the ten percent increase, according to the newest data report.

Job reports of May are also pretty vital from the impression it questions on the slowdown from the U.S. marketplace which is keeping the mortgage rates low. The actual healing from your downturn may be a stretched getaway as compared to many economist have wanted; which ends inside lowering associated with mortgage rate while in the upcoming months. Powers that be will have to bring much more methods to discover the economic climate back on track.

The housing market continued to decline in the last week of May which shows that the index of mortgage application activity fell very low at 4 percent which needs government intervention to come out of this crisis.

The actual exchange rates of U.S. commercial mortgage-backed securities financial loans are constantly on the drop. Loans that have been loaded in CMBS are utilized in the actual control of extraordinary servicers may also be demonstrating the reduced speed of loan transmit. Real estate promoted still face the low estate treasure crafting land lords within burden who took financial loans with regard to acquisitions; remember this sector will be showing the particular manifestation of progress.

The housing industry is actually distinguished generator of the gross domestic product (GDP) of the nation. This is the time in order to secure the personal and tax ways to handle the prices. The actual foremost factor is the federal needs to be proved to the direct-and-transparent duty offers to aid the tax payers; otherwise the home finance loan clients are certainly not travelling to stay alive as it is generating the particular taxpayers at risk.

These movements will carry the securitization market place back again and new investor money will flow into the mortgage business. The US government is allowing sharp alerts that they have undertaken whatever they can but not to expect type these people to any extent further. The particular countrys property possessed residences numbers is actually touching 1.9 million. This particular surprising data is actually illustrating the real image of your bank held properties and this spectacular amount offered for sale lots of homes will slow down the housing market rate for years to come. Subsequently, the nations powers that be should guarantee the individual home loans to fix the marketplace.

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Economic Homework Help For All The Topics In Economics Including Both Micro And Macro Economics.

Micro economics is the section that deals with the market behaviours of individuals or firms in the market compared to the macro economics that deals with the country and economic wide factors. Economics has many topics that cover both the market segment and consumer. Topics in micro economics that students find in their courses are Markets that includes perfect competition, monopoly, duopoly, and oligopoly etc, Elasticity etc.

Economics homework help deals with economic factors like consumer spending that indicated the total spending done by the people of the economic, higher the spending and sentiments better the sentiments of the people of the economy. As we know economics is a very vast subject and therefore we need to spend hell lot of time in understanding all kind of theories related to the economic structure and the economic theories that not only leads to the better understanding of the economy but also the structure of economy.

Topics that are covered in the economic assignment help includes

Political Structure of Economy

Demographic Outlook

Business Environment Outlook

Economic Outlook

Market Opportunities in the economy

Long Term Outlook
Again political outlook includes political forces at one glance that are ruling the economy, stability of the economy, political and institutional effectiveness, watch to any election, lastly the international relation with the other economies.

Business Environment includes all the positives and negatives kind of sentiments, microeconomic environment that includes business sentiments, unemployment, manufacturing index, foreign trade and policies, trade deficits, taxes, financing, and further development of any business.

Economic forecast is also topic of economics that includes all the trends in the policies i.e. both the fiscal and the monetary policy, international assumptions, growth of the economy i.e. GDP rate, inflation, exchanges rates and any kind of foreign direct investment in the economy.

After covering the entire topic we help student in finding out the entire long and the short term economic outlook to better understand the economic development of the economic scenario. Let look into one example for the economic condition where we help student in developing economic knowledge Economist Intelligence Unit have revised down the GDP growth forecast for 2013 to 0.6%, from 1.2% previously, as the economic gloom hanging over Japan continues to deepen. The latest national accounts data for the third quarter of 2012 show a 0.9% contraction in GDP, which was worse than it was expected. A quick rebound seems unlikely as the BOJ’s half-yearly macroeconomic outlook, released in late October, noted that improvements in export demand and industrial production are needed before recovery commences.

Thus we help student in learning all the aspect of the economic by giving complete coordination in the development of the economic structure of the economics. Our experts are well known for their subject knowledge of the economics and therefore we provide all kind of assistance to the development of the economic structure as well.

Castlewood Group Pte Ltd Wins A Prestigious Asia Pacific Hotel Award

Successful companies have been invited to attend a high profile gala presentation dinner at the J. W. Marriott Hotel in Kuala Lumpur on April 27th when the official announcements will be made. Following the success of last year’s event in Shanghai, the organisers will also be hosting a two-day Property & Hospitality Summit on April 26th and 27th at the same venue. Attended by presidents, CEOs, managing directors, chairmen and other decision makers, the event presents an ideal opportunity to make connections and generate new business. The Summit is open to all industry related companies and suppliers in addition to award participants.

The JW Marriott Hotel is located in the heart of the exciting Golden Triangle, the city’s prime business and shopping district and is adjoining to the prestigious Starhill Gallery. It is also strategically located on Bintang Walk, the lively and vibrant shopping strip.

These awards are operated by the organisation that has run the International Property Awards for the last 18 years. Its aim is to seek out the best hotels from each country including those that have been purpose-built for conventions, spa, airports or resorts. Other sections include best sustainable hotel together with best hotel architecture, interior design, marketing and website. Hotel projects are chosen for their green credentials, excellent architectural merit and design. Eighteen different countries took part and the competition was extremely keen with entries across the board being of the highest standard.

Later this year, top scoring winners from the Asia Pacific Hotel Awards will compete against other winning companies from Europe, Africa, the Americas and Arabia to find the ultimate World’s Best in each category. The final results will be revealed at a gala presentation dinner in London.

Stuart Shield, president of the International Hotel Awards, says, “We are delighted to enter the second year of the stand alone Hotel Awards with such a superb level of entries from across the length and breadth of the Asia Pacific region. – both in number and quality. It will be really interesting to see how the region stands up to global competition when we judge the contenders for the World’s Best awards.”