By Nil Saru, assisted by Rojina Gyawali, NBSM & Associates
It took a while for the noise to build up. Nepal is the eleventh most earthquake prone country in the world. On Saturday, 25 April 2015, at 11:56 local time, a 7.6 magnitude earthquake (as recorded by Nepal’s National Seismological Centre [NSC]), struck Barpak in the historic district of Gorkha, about 76 km northwest of Kathmandu. Nepal had not faced an earthquake of comparable magnitude for over 80 years.
By Nil Saru, assisted by Rojina Gyawali, NBSM & Associates
By Raghu Marwah and Priyanka Ajmani, R.N. Marwah & Company
Although the cost of money in India has been reducing, in large part thanks to Governor Rajan’s generosity, the arbitrage with western economies is still at between 400 and 500 basis points. With the RBI easing regulations on commercial borrowing through the ECB, individual entrepreneurs are now looking forward to the moment when they will finally be able to dip their hand in the honeypot. Recently, this has led to widespread debate on the issue of overseas borrowing.
By Ian H. Turvill, Freeborn & Peters LLP
Across the globe, professional services firms are striving for growth. They employ many strategies to realise their objectives, but among the most common (certainly among law firms) is to hire partners from rival entities – so-called “lateral hiring.” Sadly, these hiring decisions often fail to live up to the heightened expectations associated with them. But this doesn’t have to be the case. Instead, there are three factors that distinguish the firms that engage in successful lateral recruitment and integration, and those that do not.
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 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.
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