Category Archives: BUSINESS

BUSINESS

Loonie Drops To Two-Week Low, Analysts Seeing Bad Signs For The Future

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Canada and people working in currency exchange Ottawa and across the country saw the Canadian dollar, colloquially known as the loonie thanks to the common loon on the C$1 coin, set its lowest value in a two-year time span on the 25th of May. The drop in pricing was caused by lower oil prices as well as geopolitical tension across the world.

The loonie had already depreciated in value by 3% earlier this year, and sat at US¢77.11 on the 25th of May. Analysts across the country are pointing to the risks facing the loonie could escalate by June, further applying pressure on the Canadian dollar.

The Canadian Imperial Bank of Commerce Capital Markets‘ Head of North American Foreign Exchange Strategy, Bipan Rai, says that the downside risks plaguing the loonieare caused by the current geopolitical environment, like the NAFTA talks and the uncertainty regarding Canada’s exemption from the US’s new steel and aluminum tariffs that could be renewed on the onset of June.

He says that the CIBC, alongside the currency exchange Ottawa is keeping an eye on the loonie’s price behaviour, but the problem could reach tipping point if the loonie-US$ trade rate drops below the ¢76.40 to ¢77.00.

Canada’s currently exempt from the new tariffs the Trump administration on steel and aluminum, but the country’s exemption is set to end by the start of the June, with officials from the US suggesting that they could impose the tariffs on Canada if the US doesn’t get better terms in the NAFTA deal.

On top of that, the US launched an investigation on whether imported vehicles might pose a security threat; an investigation would allow the US to impose tariffs if it’s proven that its national security is under threat.

Meanwhile, US’s oil prices have dropped again for a 3% drop for the week, which came following top producers from Russia and Saudi Arabia could boost their production on the latter half of 2018, which will increase the supply in the market. The loonie is heavily affected by changes in oil prices as crude oil is one of the big exports of Canada.

Should the Bank of Canada take a more aggressive outlook regarding the interest rates with their policy statement, the loonie can go up modestly.

BUSINESS

How To Make Your Seminar In Bangkok Known To The World?

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The first thing you need to consider is the reason why you are holding a seminar in Bangkok. Are you trying to make money out of the products you sell online? Therefore, it’s your goal to use a marketing method that will make your business boom. Don’t be afraid to go out of your way. Many companies will try to earn money in the most possible ways. You need to choose an important element for your seminar, as well as gurus that make it successful. You want everyone left with something in their hands.

You will need to know options that can get some butts into your chairs and fill up the whole room with interested people for your seminar in Bangkok:

  • Give it away! It’s a fundamental idea that you have been accustomed to know and love. If you offer a free class, you remove the obstacles to a sa Price won’t be an issue and they will expect lesser from you. But that doesn’t mean you will skimp on content. If you have the time and resources, why not make a pre-seminar call to inform everyone who have signed up. This will entice students to show up on time and build a relationship for future sales.

 

  • Provide a press release: Write an impressive press release that will emphasise your company and the seminar in Bangkok you have planned for so long. Submit it to the local paper and wait till they respond. If they decide to post your press release, you get free advertisement.

 

  • Local Paper: Gather a price quote from your local paper. Small town publications will cost less than those offered in metropolitan areas.

 

  • Mailers: Direct mail is often a popular choice for many, but will cost more to perform. Forget the expensive four-colour brochure in place of a cheaper targeted hand signed letter, which you can reproduce to entice more people. Postcards make inexpensive options for a large group of people. Consider sending them to pre-existing customers or obtain a targeted mailing list from reputable companies.

No matter what methods you choose, ensure that people know about your seminar in Bangkok at least two or three weeks earlier. It will inform them on what to expect from the seminar you’ve organised.

BUSINESS

Will SEC Regulations Encourage Investments In Crypto Currency?

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Does the name Gonzales Dellàn ring a bell? If you are involved in global business, it is very likely that you have heard of him as the youngest president that Banco Industrial Venezuela (BIV) ever had. Dellàn has managed BIV through three changes in the government and helped grow Venezuela’s phenomenally successful brokerage industry in the later part of 2000.

It is also very likely that you have heard of crypto currency market that came crashing down in 2017 after the ICO wave and concerns over regulatory backlash. However, this is not the end of crypto currency because the community is quietly preparing and building infrastructure that will support the next wave of crypto innovation – the tokenized securities.

Last March 26, a blog post that was published by Coinbase announced its intention to provide support to Ethereum ERC20 technical standard on its platform. After the announcement, Wall Street Journal published an article on April 6 regarding conversations between a licensed brokerage firm and an electronic trading venue. If you will consider the details of the conversation, it seems that Coinbase will in a position to offer the tokenized securities to the 100 million users of the platform due to ERC20’s compatibility with SEC’s blessings to act as the legal brokerage.

Aside from Coinbase, Overstock.com subsidiary tZERO launched a prototype of a technology that can support trading of security tokens. Meanwhile,Templum, OpenFinance Network, Sharepost and Gibraltar Stock Exchange have started to build secured platforms for the issuance and secondary trading of security tokens. Nasdaq has also announced its intention of becoming a crypto exchange platform.

The increasing presence of SEC in crypto currency is discouraging for some but what they fail to realize is lack of regulation can be a major hindrance for professional investors to join the crypto currency market.

Meanwhile, investors are waiting in the sidelines for any legal clarity before they invest on the new emerging asset class. What do you think is the business stand of Gonzales Dellàn regarding crypto currency? Your guess is as good as mine; after all, Dellàn is managing investment portfolios and provides advice to businesses and investors.

BUSINESS

Gold Coast Sees Unusual Property

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The construction and materials companies of a city know their real estate styling well; it’s their job to know. So with the trend being emphasizing modern amenities paired with hardwood floors in Sydney, companies there know what to put focus on.

So when something pops up that goes against the trend, it’s bound to get attention, as was the case with a recently renovated property on the Gold Coast, which was bought at a blindingly fast pace, acquired a mere 10 days after its initial listing.

The three-bedroom property, located at 103 Turpin Rd., Labrador, was built back in the in 1950s, and went up for sale early in April of 2018, being listed for less than two weeks before being bought for a price of $772,000. According to the listing, the beautifully presented Gold Coast home had recently undergone heavy renovation.

Further details on the work done to the house, as per according to the listing, involved completely gutting the original structure of the house, then adding an specifically designed extension. The result, the listing says, is a property that’s quite unique to the Chirn Park area; one that can only be appreciated once one sees it.

The house featured hardwood flooring, newly refurbished windows, kitchen and bathroom. The vendor who sold the 1134m2 property, acquired it back in 2015, then divided it into two blocks. The front block, clocking in at 500m2, was the one with the house, and was retained, renovated, and, eventually, sold. The second block at the rear currently remains vacant.

Ash Breen, from LambettWillcox Estate Agents was the one in charge of marketing the property, saying that it was a record sale; a bargain price for a three-bedroom home in the region. He adds that over 70 groups went through the property to survey it, and it was eventually under contract in a mere 10 days.

Breen describes the property as something uncommon on the Gold Coast, as the styling of the house was akin to the use of hardwood floors in Sydney, in the inner west region, and, infrequently, in Melbourne. He says that this unusual aesthetic, for the region, anyway, is why it was appealing to buyers.

BUSINESS

Wood Boiler Causing Pollution Ordered To Be Removed

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Businesses in Portsmouth know how important it is to have a boiler that follows the regulation or else it could affect their operation. This is why BoilerRepairsinPortsmouth.co.uk is hired by local businesses to conduct repair and maintenance regularly. A business from Bethlehem could learn from this practice after it has been order to shut off its wood boiler which is found out to be a cause of air pollution.

The business is an excavating company located in Selkirk and the neighborhood has been complaining about the black smoke it emits. The Department of Environmental Conservation under the state said that they could be charge with $3,000 fine if no proper actions were taken.

Blair Excavating and Contractors is owned and managed by Daniel Blair and he agreed to shut down their current wood boiler which is currently installed at their facility located at Elm Avenue. The order said that removal should not exceed the 15th of May. Under the same order made by the DEC, it was mandated that the boiler should not be sold to other businesses located within New York.

Regional officials for the DEC said that they are willing to hold the $3,000 fine unless the order for removal is not followed. On February of this year, state inspectors went to check the boiler after a lot of complaints regarding the smoke emitted by the unit.

In recent years, outdoor boilers have become too common as another way to heat establishments but the older models produce too much smoke which is affecting the neighborhood thus they decided to file a complaint.

According to the limit on the state rules, smoke allowed should have a maximum 20 per cent opacity. This means that the particles in the smoke should not be blocking over 20 per cent of the light. When tested, the boiler has an opacity test of 73 per cent.

Due to complaints, the rules regarding the standard of the wood boilers sold have also been stricter. Regardless of the new rule, dealers are still given permission to sell the remaining boilers that are not in compliance to the rule.

BUSINESS

How A Bus From Bangkok To Koh Phangan Takes You There?

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So you have visited Bangkok, probably spent days in this exciting city, and now you are heading for the islands. If you want to go to Koh Phangan, you’ve got to find a way to get there, and you can ride a VIP bus from Bangkok to Koh Phangan with convenience. It’s the cheapest way to reach the island.

Travelling by Train and Boat

In Bangkok, you’ll find lots of trains travelling to Surat Thani Province. The journey takes nine hours to reach the pier in Donsak. From there, you ride a boat that will take you another four hours for the trip. If you are after convenience, take the overnight train to reach Surat Thani the next morning. You will arrive on Koh Phangan in the afternoon.

Bus

If you are on a tight budget, the best option is the bus from Bangkok to KohPhangan, where it takes you around 19 hours of travel time. It’s actually the cheapest option to take, and perhaps the least comfortable as you’llremain seated for the rest of the trip. The bus moves slowly to ensure that everyone is safe. However, if you want the fastest means of reaching KohPhangan, you can travel by plane.

Flying

Bangkok Airways is the number one provider of flights going to KohSamui airport and is noted to be very expensive. There are actually two publicised flights daily — one leaves at 6AM and the other at 10PM. You’ll spend 4000 baht if you travel by day and half the price if booked at night. To ensure accommodation on this flight, have an advance booking before it’sfilled up.  Once you reach KohSamui, take a taxi to the pier. A boat is waiting to take you to KohPhangan.

Aside from riding the bus from Bangkok to Koh Phangan, now you know the travel options to get you to your desired destination. You’ll be swarmed with friendly taxi drivers asking you where they can take you. You’ll be overwhelmed at how they make a living, especially that it’s the only option to move around the island. You can also rent a scooter to see this beautiful island.

BUSINESS

NSW Government Getting Flak For Light Rail Project Lawsuit

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The Opposition is giving the NSW flak for not getting a good legal team and financial advisor in Australia, which has lead to what they consider as a ‘bad call’ regarding a $1.1 billion lawsuit on the George Street light rail project, which holds a reputation as Sydney’s problem project.

NSW’s Shadow Minister for Planning and Infrastructure, Michael Daley says that it seems that Gladys Berejiklian and Andrew Constance are being dense again, having forgotten that the George Street project involves hundreds of millions of Aussie taxpayer money, all  put on the line. If the litigation continues, the issue will likely be put on hold until the post-electoral season.

The Spanish contracting firm Acciona, designer and constructor of the light rail line, filed a $1.1 billion lawsuit against the NSW government. The lawsuit was fined in late of March 2018, and Transport for NSW had reportedly decline to mediate on the case, which has claims regarding misleading and deceptive conduct.

The firm sent its statement of claim to NSW a month before they filed it in the NSW Supreme Court, asking for mediation with a final request, which was then rejected by the court. Transport for  NSW, meanwhile, did not comment as to why they weren’t pursuing mediation for the case, saying that information that would be relevant to fixing the dispute was “commercial-in-confidence”.

A spokesperson from Transport for NSW claims that they have already engaged in discussions with ALTRAC and Acciona to deal with the problem, but they weren’t successful. ALTRAC, the consortium that contracted the work to Acciona, did not release a statement on the matter.

Arbitration or mediation is the preferred method for lawsuits, according to contractors and any financial advisor in Australia, as they’re cheaper and faster than court proceedings, whilst allowing for the dispute’s details to remain private. However, if the arbitration ended up in favour of the contractor, and ordered the government to compensate the contractor, then the government would have to deal with that in the days leading into the March 2019 state election.

The government has repeatedly stated that this project will be both on time and on budget, but with the demand from Acconia, one they can very much follow up, an additional interest of $1.1 billion will be incurred and the project will, at the very least, be a year late.