Exporting: First step towards getting international customers
Venturing into foreign markets requires details inquiries on ground scenario and based on the circumstances prevailing, a company must make choice from different modes of entry – exporting, importing, turnkey projects, licensing, franchising or foreign direct investment in the form of joint ventures or wholly owned subsidiary. Each of...
Australian banks and financial uncertainties
Australian banking industry is the least affected financial sector by Global Financial Crisis (GFC). It is strong, profitable and sophisticated. The financial sector in Australia is the largest contributor to the national economy. It contributed 11 per cent or $135 billion of real gross value to the national output...
Culture reflects how well you can do business
Politics is the major factor that spoils economic environment, beside natural disasters and calamities. Lets forget about the cracks within the economic theories whose implementation results catastrophic such as ‘Efficient Market Hypothesis’ nearly collapsed US economy in 2007-08. In recent days, I feel myself more interested to the cultural...
Challenges of Bhutan’s graduation from LDC
In December, with recommendations from the Committee for Development Policy (CPD), United Nations Developed Program (UNDP) at the Twelfth Round Table Meeting (RTM) in Thimphu declared, Bhutan would be graduated to be a developed country by 2021, which means Bhutan will have by then its all capability to sustain...
State of Twa-Wa-Sum
As he twisted the name of the report from ‘State of the Nation’ to ‘State of the Tsa-Wa-Sum’, PM Tshering Tobgay mentioned, “Some are concerned that I do not believe in GNH. Today, I ask them to put their fears to rest. I am not only a firm believer...
Rudd’s challenges
More than a week after the leadership spill in Australian labour, the new Rudd government has not shown any indications whether the federal elections will be held on the date announced by Gillard government. There are several speculations about possible changes in dates: some argue early polls might be...