By Armen Danielyan, AC DELOVOY PROFIL JSC
Bitcoin became the most popular currency among numerous cryptocurrencies and has delocalised very quickly. Today, bitcoin is not only a unit used in monetary transactions of a closed user group, but is perceived by many as an alternative to existing money. Limited cryptocurrency issuance along with a constantly expanding implementation area contributes to its high yield, secured by exchange rate increases. For example, in May, 2010, one pizza was bought for 10,000 bitcoins, while one bitcoin will now buy around 30 pizzas.
By Armen Danielyan, AC DELOVOY PROFIL JSC
By Prof. Robert Anthony, Anthony & Cie
Quantitative easing has clearly created employment, albeit sometimes at low salaries. Whereas in the late 1980s hyperinflation was considered to be a way of creating demand, since the crisis of 2007 we have seen a different strategy. Initially there was speculation in safe commodities such as gold, but the price has now dropped from its previous high levels. Several advisors regarded it as undervalued and predicted it would continue to rise. As markets settled, despite the problems not being over, gold stabilised at a lower level. As we come out of slow growth, what effect will this have? Many think European equity markets are still undervalued. We have seen recent speculative selling, but markets have been volatile for a while.
by Armen Danielyan, Delovoy Profil
Today Russian economy shows all signs of slowdown and upcoming crisis with lowering oil prices and foreign economic sanctions tied to geopolitical tensions as main factors lying at the root of it. Introduction of the US and EU sanctions against major Russian banks and oil companies banned middle- and long-term debt financing for the periods of more than 30 days. Another pressure point was major rating agencies’ lowering foreign currency sovereign credit ratings on Russia and its regions to speculative grades with a negative outlook. The direct effect of all these measures was the reduced supply and the increased cost of foreign currency borrowing in the money market.
By Nicolas Fauchille, Triple I
In a previous article, we explained why more foreign investors have been expanding their operations or are willing to relocate to the Philippines. Philippines is an excellent choice when it comes to service outsourcing such as back office support, call center services, legal function or accounting since provides a vibrant, qualified and low cost labor force. Recently, the Philippine government is also pushing foreign investment in other industries which will surely bring a more equitable and long term economic growth and stability to the country.
By Larissa Ogusico, Triple i Consulting
Despite of still being the main hub for Business Process Outsourcing (BPO), with revenues of USD 118 billion for 2014 according to the National Association of Software and Service Companies (NASSCOM), India has something to worry about as year-by-year Philippines is taking from India the spotlight with regard to offshore related activities. In 2011, the number of call center agents employed in the Philippines surpassed the number in India regardless of the first one’s much smaller population.
By Dr Anuphan Kitnitchiva, Dherakupt International Law Office Ltd.
This time last year, millions of Thai citizens took to the streets demanding political and social reforms for their beloved country. The demonstrations continued for six months until the tense situation erupted on Thursday 22 May 2014 at 4.30 p.m. local time, with the Thai approach to resolution involving a peaceful coup d’état by the military. The military government was formed with a strong commitment to reform the country and to bring back a genuine democratic regime in which Thais from all walks of life would have the opportunity to participate and be involved by the year 2015.
By Victor Viana, Triple i Consulting
Manila is the call center capital of the world. Boasting excellent communications skills and high levels of English proficiency, the Filipino labor force is also very affordable – realities that explain why the Southeast Asian archipelago has been crushing Indian in the Business Process Outsourcing (BPO) industry.
By Victor Viana, Triple I
Shall I establish a subsidiary or an extension of my company abroad? Are there tax incentives for companies looking to invest in the Philippines? What is capital required? These are some of the questions that we have to answer on a daily basis. We try to make companies understand the Philippines and explain why is the Philippines one of the most difficult countries in the world to register your business – 170 out of 189 countries according to the starting of business ranking of the Doing Business Report 2014, a study elaborated by the World Bank.
By Alan Rajah, Lawrence Grant, Chartered Accountants
The 9 characteristics that I believe are the key drivers in being successful:
2. The need or an overwhelming desire to achieve
3. Screening for opportunity
4. Locus of control
5. Goal orientation
6. Continued optimism
7. Courage to see it through to the end
8. Tolerance to ambiguity
9. Strong Internal Motivation
By Victor Viana, Triple I
Philippines remains one of the most difficult countries in the world to register a business. A close look to the World Bank’s survey ” Doing Business 2014 gives us clear picture on the complexity of incorporation in the Philippines. Several bureaucratic and legal hurdles can be pointed out: the number of governmental agencies involved and the communication between them, dissimilar requirements from each local government and the absurd number of procedures. Curious numbers: It takes 15 procedures in order for a business be legally approved by the government, making it the third worst in the world after Equatorial Guinea which takes 18 procedures and Venezuela which takes 17 procedures!
More Articles ...
- Responsible Leadership
- Internal communications within a company: Interaction between marketing staff and others to maximise performance
- Must-have communications for a professional service company
- Titans of industry: marketing and publicising your company’s industry-focused teams
- New Year’s resolution: optimise the marketing plan
- How to set up a business in the Philippines?
- Peso Devaluation – Opportunities and Challenges
- New generic top level domains to revolutionise the internet
- The Structural Reforms in Mexico
- Spain: Residency Visas for non EU members
- Is your Business Heading Off a Fiscal Cliff?
- Spring forecast for EU countries cautiously optimistic
- Standard for inter-generational justice sought
- Account as fundamental European right
- The Affordable Care Act – It'S Time To Start Counting Hours
- Standardisation of External Border Security for the Schengen States Continues
- Large Wage Differential in Europe
- EU Plans to Crack Down on Dumping Imports
- Luxury goods on the edge?
- Relief from EU Consequential Costs for SMEs
- EU coordinates negotiating position for free trade talks with the USA
- EU Commission backs up the financial transaction tax
- Investment in the mining industry in Mexico
- EU customs authorities must be better coordinated when it comes to imported goods
- Added value of foreign trade receives new database
- United Kingdom – Open for Business
- Great expectations and opportunities for foreign investment in Mexico with New Government
- First OECD study on local integration presented
- Too low wages increase the economic downward trend
- Europe Needs to Combine Solid Fiscal Policy with Structural Reform
- Millions of Jobs Wiped Out by Economic Crisis
- Tailwind from Brussels for the Automobile Industry
- EUR 200 Million More for Expansion of European Infrastructure
- Eurostat Presents Interim Results of Europe 2020 Strategy
- EU social partners negotiate over new maximum working hours
- The Euro is developing into the true common currency
- The European crisis: perceptions from Japan in comparison with the "lost decade"
- Construction sector to drive growth
- ILO labour market researchers count on employment policy
- EU Commission to Negotiate Free Trade Agreement with Japan
- Subsidised Research to be Freely Accessible
- OECD wants to Resolve Qualification Paradox
- Tolls Cannot Discriminate Against Foreigners
- Rising Protectionism Threatens World Trade
- Anti-money laundering regulations to be adjusted
- Job Market Remains the Major Challenge
- New Approach for Transatlantic Free Trade
- Slight Growth Expected in the EU for 2013
- EU Looking for Ways to Regulate Shadow Banks
- Switzerland Financial Community to Balance Legal Compliance and Attractiveness to Investors
- Switzerland must adjust to lower growth in the EU
- EU Commission wants to obligate rating agencies