By Rajas Kasbekar, Little & Co.
India is currently the ninth-largest civil aviation market in the world and is expected to climb to number three by the year 2020, with only the USA and China ahead. Unfortunately, India’s aviation sector has faced turbulent times over the past few years. The sector suffered severe financial woes as a result of the sharp escalation in the price of aviation turbine fuel (ATF), devaluation of the rupee, global slowdown, high operational costs, intense competition, steep taxes and climbing interest rates.
By Vijesh Zinzuwadia, Zinzuwadia & Co. CA
Strategically located on the west coast of India, Gujarat is a gateway to rich, land-locked northern and central areas of the country. Business is a of life in those areas, with which they are spearheading the Indian effort become a global economic super power. India is a country with a unity in diversity where numerous traditions, cultures and lifestyles exist but business culture is the concept that unites of them in the sub-continent.
By KC Chia, KC Chia & Noor
Over 130 participants attended the Second Mutiara Community Forum conducted in Mandarin, which was held at the Menara Mutiara, Kuala Lumpur, Malaysia. The topic of the forum was "Seven essential entrepreneurial traits and skills in setting up businesses – small companies can also achieve considerable success". The speaker was Lin Gu Ye, a renowned Taiwanese consultant who graduated from Hosei University, Tokyo, Japan. His speech can be summarised as follows: Against the backdrop of the current global economic downturn as well as continuing deterioration of the European sovereign debt crisis and resultant market retraction, there has been a significant dip in export demand coupled with an escalating rate of unemployment. As a result many who have started to risk venturing into businesses opt for new business opportunities and pursue lifetime goals with a view to achieving prosperity in the future.