Economic Growth In Developing Nation, Philippines  

An International Organization of 189 countries, the IMF (International Monetary Fund), which facilitates the international trade and always strives for the sustained economic growth, shows 2017 projected 6.6% GDP growth with Inflation rate at 3.1%.

The Philippines country Population: 106.268 million has a status in the world economy in outsourcing business process. As it is endowed with the natural reserves like nickel, oil, coal and with a strong industrial background, the country is firmly growing mainly because of its penetrating foreign investments and remittances. The Philippine economy grew by 6.9 percent year-on-year in the first half of 2016, making it the strongest performer among major East Asian developing economies including China, Indonesia, Thailand, Malaysia and Vietnam.

Here is a recent Statement by the Hon. Carlos G. Dominguez, Governor of the World Bank for Philippines on October 13, 2017

The Philippines has emerged as an important engine of growth for East Asia. We are now the second fastest growing economy in the region.

We are aspiring to achieve a growth rate of 7% this year and through the medium term. That is a rate of growth we consider sustainable given our macroeconomic fundamentals. It is a rate of growth that will happen through increased investments in modernizing our infrastructure.

The increased investments in infrastructure will be pursued without sacrificing the fiscal stability we worked so hard to achieve. We intend to fund the investments through official development assistance and a substantially broader revenue base.

A comprehensive tax reform program has been prepared to ensure a reliable flow of revenues. This will, in addition, help us reshape our economic growth to be investments-led. The new revenue architecture will be conducive to investments, simpler and easier to implement. It will be a powerful tool for achieving inclusive economic development for the Philippines.

The first, and more politically challenging component of this package is in the advanced stages of legislation. We expect the new tax policies introduced in this component to be enacted by the end of the year. The investment community warmly welcomes this package of measures and will consider enactment an indication of government's political will to do what is necessary to achieve inclusive growth.

The infrastructure program will be the main stimulus to help sustain high growth. That program is well on its way. We programmed infrastructure investments at more than a trillion Philippine pesos annually into the medium term. The whole of government is primed to see this program proceed as scheduled.

Rapid growth will be assisted by what we call a demographic “sweet spot.” Over the next few years, the Philippines will have one of the youngest workforces in the world. We are investing in the health and education of young Filipinos. This will ensure a robust base of competitive human capital. The high growth rate we are fostering will help ensure young Filipinos will not want for quality jobs in the future.

By improving our national logistics backbone, we hope to achieve dramatic improvements in both agriculture and industry. We will support this with trade facilitation, further liberalization in more areas of the economy and the achievement of an orderly political community.

There are, to be sure, some areas in the country with serious security concerns. The Philippines has become a frontline state in the global effort to contain terrorism. This year, we faced our biggest challenge as a large force of terrorists occupied parts of the southern Philippine city of Marawi. That challenge had been decisively quashed.

We expect Mindanao to lead our economic growth. With abundant mineral resources and rich agricultural land, the island holds much potential for wealth creation. That potential has been stymied by many decades of armed conflict. The present leadership aims to achieve both peace and prosperity in Mindanao over the next few years. A major portion of our infrastructure investments will go to Mindanao, helping support business activity and reducing poverty.

Philippine politics is habitually turbulent. Fortunately, there is always more sound than substance in the apparent turbulence. We are confident in sustaining the stability and sound governance that are preconditions to progress. The present leadership is unrelenting in realizing administrative reforms and fighting corruption.

Regional developments will help support our strong economic performance. The ASEAN Free Trade Area is moving ahead as scheduled. Regionalization will support industrialization. A large and increasingly prosperous regional common market will provide a nurturing base for our industries, and hence for our expanded trade with the rest of the world.

We are actively cultivating bilateral and multilateral partnerships to support our own development. These reliable partnerships have been helpful in realizing the inclusive growth we pursue.

In sum, we are moving forward as planned. The regional context is hospitable. The resurgence of global economic growth will help us sustain ours. A broad global consensus for freer trade overwhelms those instances where protectionism seems on the rise.

We are optimistic about the future. We are confident in our own ability to push forward with a viable strategy for rapid economic expansion. We are proud to perform our newfound role as a vital engine for regional and global growth.

In this beneficial context, we will be relentless in finding complementarities with our regional partners. We will be decisive in seizing opportunities. We will be assertive in transforming our economy to bring the best benefits for our people.

Some Ideas to Open up Business in Singapore  

Singapore, as a big tourism destination, has its own enchantment. This very beautiful, neat, secure, and clean city, makes everyone feeling good to be there. The entertainment this city has offered, always attract the tourist to visit Singapore. Despite that, Singapore also opens up space for foreigners to invest and make their own business. Even the well-known giants  like Google, Apple, Procter & Gamble, DBS Bank, Microsoft, and many other companies have and do run their businesses in Singapore.

If you want to start your business abroad, you may want to try Singapore. The reason is, this city offers you a conducive climate for business. The financial stability, free market economy, sturdy FOREX market, strong law and regulation, fine infrastructure, the anti-corruption system, located in a strategic geographic, and good human resources have made this city be the most valuable business place for foreigners. Below is the list you may want to try to run your business sector into
Travel and Tourism
Looking at the statistics from Q1 2017; The tourism sector saw good growth in Q1 2017. International Visitor Arrivals (IVA) increased 4 per cent over the same period in 2016 to reach 4.3 million visitors while Tourism Receipts (TR) grew by 15 per cent to reach $6.4 billion. The strong growth in TR was due to higher visitor arrivals and growth in all ?major TR components, except Sightseeing, Entertainment & Gaming, which held steady. Gazetted hotel room revenue was estimated at $0.8 billion for Q1 2017, a year-on-year decline of 1.3 per cent. Average Occupancy Rate (AOR) grew by 1.3 per cent year-on-year while Revenue per Available Room (RevPar) declined by 1.2 per cent year-on-year due to a lower Average Room Rate (ARR).
Hospitality
Hospitality business, cannot be denied, is the most profitable sectors on a large amount of tourism in Singapore, as the major tourism destination city. This includes bar, café, restaurant, hotel, and even a resort. People consume food and beverages a lot, they're looking something unique to find the new experience they will not have from any other place.
Information Technology
Singapore infrastructure has demanded a lot of IT industry to burgeoning. This will promise an IT company to develop, besides a bunch of skilled employers in there. We can see as mentioned above, what company has been succeeded to run their business here. You can choose some IT business you interested into.
Bio Technology
This sector has grown rapidly in Singapore. We might know the product of this biotechnology company brand this day, like Pfizer, Novartis, and GlaxoSmithKline. The government of Singapore has put an effort to investing in this sector and promote it.
Telecommunications
Singapore also the biggest one of telecommunication hubs at South East Asia Region, from mobile connections until internet connections. Though so, there's a lack of work on telecommunication industry. You might be the one who will complete this emptiness.
Fashion Retail
Not just the tourists who love to shop in this city. The people here are also a modest and updated about fashion. They like to step forward and show their best. A lot of international brands has developed their market to this city too, such as ZARA, H&M, Levi's, etc. The tourists also hunt for this branded fashion in a reasonable price. Retail outlet and franchise business will make a lot of profit too.
Education
There's just a small amount of educational institutions in Southeast Asia but they are in high demand. So you might want to try to build your qualified education institution which gives a course related to the major interest, linked to the future business opportunity on Singapore. Here are some links to check out National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, Singapore Institute of Technology, Singapore University of Social Sciences.
Actually, there's still a lot of sectors for developing your business besides these ideas. All you need to do is some research for the tremendous city of Singapore, choose your interest and look for the opportunity.
Ever Changing Car Markets  

The worldwide economic slowdown and negative growth has serve as a wake-up call for many consumers who had been overspending during the good times. There had been a wave of job cuts with companies declaring bankrupt. This has restricted people's spending power for buying luxury goods that they have gotten used to. People are tightening up their purse to save for a rainy day while the same case goes for national governments, whom have been figuring out methods for spending cuts. Cutting petroleum consumption is top on the agenda list. Governments had been running fiscal deficits during the good times without a proper control on spending and it is time for them to adopt some wise spending habits.Asia consumes the most number of oil in terms of global volume. China, together with Japan and India are already using 25% of total world oil consumption, with production of oil accounting for only 6.25% of total world oil output, hence making them large net importers of oil related products. These countries have been importing millions barrels of oil every single day non-stop. Their insatiable appetite for oil is mainly driven by demand from car owners.
Recently, Kia, an Asian automobile manufacturer based in Korea, launched its all new Forte Hybrid vehicle, the very first hybrid range going into mass production. Another model range was launched name Eco-Dynamics, where several environmental friendly cars, which meant lower oil consumption and gas emissions, will be marketed worldwide in many international markets.
Tata Nano, manufactured by the car company related to the famed Tata Industries, is another model launch that is predicted to capture India consumers' hearts and money, due to its extreme low retail price at below $2,000. Sales projections are expected to reach more than 100,000 vehicles, but there is potential for higher revenue with future launches. This car is targeted for the young and hip customers who will be captivated by the model and upgrade to a higher end model when their income rises. It is a classic case of capturing customer loyalty. Nano's highly successful launch had called for a new market segment and higher demand for low cost vehicles with minimal fuel consumptions.
Car companies are feeling the pinch of the economic slowdown due to cars being a luxury good. Many are cutting on production budgets for optimizing cost structure, but one area that remains spared is the development for fuel-efficient vehicles. Hyundai Motor, Honda Motor and Toyota Motor, which are South Korean and Japanese powerhouse car manufacturers have maintained research spending levels at 5% of total revenue. Hyundai has kept the research budget even on the backdrop of a $2.2 billion program for cost reduction. Car manufacturers in Asia are competing big time in the still growing industry by continuing its heavy investment outlay in R&D.
Hybrid cars development had propelled a new frontier market for batteries. Battery producers are also stepping up the game for higher R&D budgets in developing the next cutting edge battery technology. Hybrid automobile's rapid growth is the first transition and evolution for a car. As more advanced batteries are produced in the future, there will be a time where petroleum is no longer needed. Another hybrid model of the future, the Plug-In Automobile Electric Vehicles will have a bright future where sales are currently at 100,000, a tiny fraction currently from total 1.7million cars of hybrid range sold in 2015. Hakan Samuelsson, the chief executive of Volvo just announced all Volvo cars to be electric or hybrid from 2019. Tesla of course leaders in the electric field just rolled out Its first completed Model 3 (shown above).
Cars running on alternative energy supply other than petroleum are expensive to develop, but that did not deter companies from dropping heavy research funds on developing hydrogen-fuel cars. There are no mass production of these fuel cells currently which represents a big step forward on the car evolutionary stage. Hybrid industry is expected to grow many folds, as consumers get hooked on the concept which will further spur plug in cars development. This may cause petroleum based cars to be completely phased out from the market. Current hydrogen fuel technology is still not stable and too costly and this has restricted the overall growth rate for electric cars. Probably by the year 2018, battery technology will have made great progress which will further see explosion of growth for electric vehicles where cost will no longer be prohibitive.
10 Perfect Business Opportunities in Malaysia  

There are many business ideas that one can explore in Malaysia and all it takes is perseverance. Malaysia is strategically located beside Singapore, a knowledge based economy and Indonesia, largest consumer market in South East Asia. Prime Minister Datuk Seri Najib Razak has an ambitious economic growth target of doubling GDP by 2020. It has put in place many measures to attract foreign interest for setting up businesses in Malaysia. The coming paragraphs will set you on the right direction in terms of some of the best business trends in Malaysia.

First and foremost, the top business start-up is launching a travel agency. Malaysia is regarded a business district with frequent business traveller going in as well as out of Malaysia. The potential market is huge if you can carve out services specially tailored for the business travellers that are not price sensitive. The potential returns are unlimited and it requires extremely low amount of capital. Next is to make a name in the tourism segment. Malaysia hosts thousands of foreign tourists each year. Big bucks can be made for those dabbling in the travel industry. For those with sufficient capital, you can consider building a hotel chain in various tourist hot spots where there are never ending demand all season. You can offer products such as tour packages and travel related services. Budget is not a huge concern as you can always start small. Did you know airline operator AirAsia started in Malaysia.
Fashion industry in Malaysia is a good sector to venture into. Fashion is a hot topic among Malaysia citizens with heavy apparel consciousness. Fashion outlets have already flooded the market but there are still enough demand for newcomers. Learn the local tastes and culture before starting out you own fashion outlet. One can consider selling foods and various snacks in Malaysia. Malaysians are some of the best food eaters with a huge appetite to try out new things. Some of the food segment one can consider venturing is fast foods such as ice-cream or frozen yoghurt. Capital requirement is minimal as well. You can break even easily with a good concept. Remember Lazada launched operations in Malaysia back in 2012 and is now Southeast Asia's number one online shopping and selling destination, with presence in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
Businesses need investors or other forms of funding to get their operations going and there are no ends to small businesses starting up every day in Malaysia. You can tap the financing markets by starting up a microfinance company that funds small businesses for a return on your capital. Having experience in the finance sector is a plus. Malaysia is a producer and exporter of oil products. One can consider selling oil as well as gas products around Malaysia. Capital requirement for starting out as a small retailer is low which you can begin by selling small ticket items like kerosene. Once you have achieved sufficient scale, you can expand by launching a gas filling station that has all assortments of oil products. Financial services company iMoney.my is based in Kuala Lumpur.
Internet businesses are another hot opportunity for exploration. They can throw off good money if you know the ins and outs. Many graduates have made good profits doing website design, blogging, writing on a freelance basis and many more. The market on the Internet is huge and best perk is being able to work from home. If you have the requisite professional knowledge in accounting or law, you can set up a professional services consultancy business to help provide advice for small businesses starting each day. Accounting as well as bookkeeping services will always be needed and having the skills is imperative.
Transportation in Malaysia has huge potential as current taxi services are lacking in supply. Cars that are left idle at home can be transformed into taxi via Uber services and you can start making money off driving passengers to their desired destination. Many people are in need of transportation services every day and decent living can be made. Smartphone is in the pockets of every adult and probably kids still in school. About 50% of Malaysian grown-ups own at least 1 smartphone. Huge opportunities abound for those people with the skills to perform smartphone and electronics device repair works. It is much more cost effective to repair a damaged system rather than buying a brand new one. It is one of the golden money making areas should you have the requisite skills. 
Small Nation, Smart Nation  

Singapore responded to turn the country into the ‘Smart Nation', by including the latest technologies and joining the next generation and also sensor networks. To reach its target it encouraged worldwide entrepreneurs to advantage Singapore's smart nation framework and asked to utilize the nation as a ‘lively lab' to exhibit their ideas and solutions to test the national potential with global potential. In this scenario, the Singapore started its initiative late in 2014, aiming to improve the standards of its residents.

The executive deputy chairman of the IDA (Infocomm Development Authority), who oversees the innovative development program informed that the development program involves bringing the ranked universities and improving medical facilities and it also includes all the government and private sectors by using latest technologies, and improving better standards by increasing business and job opportunities. GovTech and the Infocomm Media Development Authority (IMDA) are formed as a result of a re-structuring between the Infocomm Development Authority (IDA) and the Media Development Authority (MDA).
Why Singapore aimed to turn into Smart City?
What made the Singapore nation to drive into new direction? The answer for this is, the changing trends in the nation and anticipated their impact on the nation, and decided to act according to the situations. Despite, the nation is facing many challenges like ageing population and urban density, and their extensive impact on health, transportation and other resources. The deputy chairman also stated that the Smart Nation framework includes experts from all fields like engineers, artists, scientists, and many deserving personalities to handle the challenges. In this connection, Singapore already initiated in Smart Nation strides by creating the necessary infrastructure which could flourish in the future.
Glance at future
Singapore's Smart Nation is starting to acquire in public sponsors and expanded its areas into different fields like traffic movements to air purity. This in return enables the government agencies to make a fast move and provide the best citizen services. Minister for communication and Information informed that if Nationwide Broadband Network will cover the wired connections, in the private sectors, whereas the Smart Nation Platform will cover the public areas. He expressed his view that this is possible if the public agencies have a collaboration with private agencies. The main components of the Smart Nation Platform were under the Infocomm Media, which is under control by private sector involving many government agencies. The common creation of both private and public agencies may gather the best ideas which may help for further development. One important strategy which is going to be launched by the economy is, boosting its economic aggressiveness in international trade. In connection to this the Infocomm Media Masterplan investigates the Smart Logistics which will be benefited by the internet technology, where there is real time active visibility and can improve the business capabilities. This may lessen the risk factors and reduce insurance coverage, where there is a complete change in the entire supply chain. One more innovative step the Smart Nation Masterplan is going to take in the Transport field, the agency decided to install AG (Aggregation Gateway) boxes which are built by the private sectors in collaboration with the government agencies are now going to replace by installation of cameras on the road, which needs a power cable. The installation of power cables takes time and money and manpower and disturbs the traffic. To overcome all the problems, the Smart Nation is planning to install the AG boxes. Here's a link to some Smart Nation videos on YouTube.
The Research stated that there is a wide range of improvement in the economies that are having latest technology as their foundation. To aim the Smart Nation, the economy needs talented people who can use the technology to increase the standards of the people with their talent. Singapore universities play an important role in improving the skills of their students with technological knowledge, to acquire this they designed many programs and are going to support the economy in future. Economy developers expressed that having support of young and dynamic people, well-developed innovative technologies, literate and robust economy can build a Smart Nation very easily. 
View Towards Vietnam Growth  

The Vietnam bank was established on 1st April, 1963. This is the bank exclusively established for foreign trade. In the year 1990, the Vietcombank focused only on foreign trade to aim at mass market commercial bank. In the year 1996, the official name of the bank was changed. This Vietcombank possesses seven members as Board of Directors. All the share of the Vietcombank stock trades on the Stock Exchange under the tag of VCB. Along with the banking services the bank has extended its services in collective ventures and also in subsidiaries. In the year 2008, the government selected the Vietcombank to privatize and merge with the state owned companies, which raised nearly US$ 650 million, this made the government to Vietcombank to initial for public offering.

In the year 2009, the Vietcombank has been secured the title as ‘Best Vietnamese Bank' for trade and finance. The bank secured this title for two continuous years, and it included in the list of the most prestigious banks in Vietnam. The bank maintained its position for more than a half century by rendering its services in finance and international trade services. Now the Vietcombank occupies a share in the markets in loans and deposits. The bank's profits in the first six months reached more than 2 trillion, VND occupied the first place in reaching the targets among the other banks. Along with the international trade, the Vietcombank concentrated on the domestic banking, for which it was selected as the ‘Best Vietnamese Domestic Bank'. The bank also received an offer from the investor to build few constructional projects. Later the investor asked to withdraw from the project, yet the matter has to be settled.
There is a slight GDP growth rate of the city during the first term of the year, whereas the economic growth decline in the first quarter due to the drop in crude and agricultural production. Whereas the Gross Domestic product increased slightly, when compared with the earlier report. Now the economy is facing many challenges in the international market because of the drop in the prices of the crude oil. If we have a clear glance at the economy of Vietnam, there are imbalances in the economic growth. There is a slight rise in exports, whereas imports declined in the same proportion. The industrial production and Manufacturing sectors jumped higher, whereas agricultural based sectors declined because of severe drought, the growth rate has fallen down in the beginning of the year. The economic expansion of manufacturing and construction has increased the economic growth in the year 2015, The five year social economic plan of Vietnam has started focusing on the restructuring areas like banking sectors, state owned sectors and private sectors to increase the growth in the economy.
Apart from the a decline in the growth rate, in the agricultural sector , the state also wields more influence on land and capital , this has been stagnating for longer period and now the Vietnam needs more productivity growth to meet the current situations. Vietnam started boosting the international economic trade with the other countries such as Eurasian Economic, South Korea and so on. The slowdown in the economy is started with the global crisis . The ASEAN community was established to create more opportunities in the nation to initiate in the regional and global economies. The experts analyzed that the country's recent slow down in the growth was due to the merger and expansion of the provinces and also added few factors between the growth rates in the local areas as there is an absence of connectivity with domestic firms. The Vietnam economy is preparing for a change in the economy, ultimately there may be a change in the development of the economy. Let us wait and see the forecasting developments in the economy.

 

What Business Sectors to Start in Thailand  

Are you looking for the opportunity to make a business abroad? Then Thailand might be a good destination to choose. In Thailand, you can make a small business easily. But the important part of it is you have to do the analyzing with your opportunity about how your small business will grow bigger and last for a long term. Here are the lists of top ten business opportunity you can make in Thailand.
Restaurant
People in Thailand are getting busy with their daily activities, so they might have needed a fast preparing food and also, to take away. You can open a fast food restaurant to satisfy the need. Instead of local people, you will also find the tourists, because Thailand, as a tourism destination, have a high demand to travel into, so foreign food also is a good choice to take profit with.
Jewelry
There's a high demand for jewelry products in Thailand, and it becomes one most profitable sector. You might want to start small jewelry business by doing the import things and selling them there.
Web Design
Online marketing in Thailand has grown rapidly as in another area of Asia Pacific, due to the high demand of selling products online, so you might grow your own business too in this sector, especially if you are good with designing websites. You can crave a lot of money on it.
Real Estate
This huge business always becomes one of the most successful business everywhere, as long as human living there. For a start, you can be a selling agent of real estate business. Yes, it is profitable, and the best part is, you don't need a lot of money to become an agent.
Tech Products
It is including the smart phone, digital camera, Notebook, tablets, etc. Thailand has sold abundantly of this product every day. If you have a modality for this, no doubt, get yourself into it.
Automobile and machinery
There's just a few industries have moved on this sector. If you have the ability on repairing a car or selling them as an agent, you will make a lot of profit.
Healthcare services
Thailand people has been increasing their demand in this sector since they health awareness also increasing. Practitioners are in need these days.
Freelance Writing
Related to the increasing web design as mentioned before, writing for a blog, or an article, or business proposal is also demanding sector. You can work it from home as a freelancer, behind your computer.
Agriculture
This business is old, but not perishable. Everybody needs food from the farm; vegetables, fruit, meat, poultry, mention it. You can start small with small poultry or farm, and grow it into a bigger farm for next purpose.
Garment and Textile
They produce and sell tons of it, inside and outside of the country. This is a promising and well-growing business on Thailand. The investor has given a lot of their infestations in this sector. You might want to try selling or importing from Thailand, due to the low cost they have.
There's still a lot of sectors to dig into, but this ten opportunity might be promising, and has been tested are on a high demand. You have to decide what sector you want to be in your business, according to your ability and analyzing the market before you really run on it.

 

Strive To Drive The Life  

Indian Prime Minister, Narendra Modi recently bet big with currency move to tackle corruption, scrapping its 500 rupee and 1,000 rupee notes accounting for about 86% of cash in circulation. The immediate effect was a cash crunch and restrictions on withdrawal of cash from banks & ATMs. There are big opportunities for FinTech & digital payments with startups like PayTM reporting 10 million new customers in the last 3 weeks. Narendra Modi also just announced the Bharat Interface for Money (BHIM) app now with over 100k downloads in first few days.
Are you dynamic? You want to aspire a small business in your budget, just spare few minutes at our website to know the few business strategies which help you to start a small business with low investment. For business flashpoint, India is in the second place after China in small scale industrial establishments. Everyone likes to earn money and do business by their own, but many need proper channel, to step into the field. Here are the few steps, read them and start a small business to earn huge amounts.
How To Start A Small Business In India Successfully for 2017?
Select the proper Industry according to your interest, and do some research, where you want to build your business. There are many thriving industries where there are many opportunities available for you to strengthen your business. In a country like India, nobody can analyze that if any, business which succeeds in one region may not succeed in another region. So selecting the right business and starting at the right time is the first step for your success. At inception, prepare a business plan, and include all business strategies in your plan, which saves your time, energy and money and works wonders after you start implementing it. After drafting your business plan, you have to register your business with the Ministry of Corporate Affairs, India, which is the right channel to register your business in India. Basically, there are four companies to register a new business in India. You can choose any company to register, and to strengthen your business, you have to join in the professional networks, with their support you can build your business network. As a member of the professional network, you can struggle and learn business techniques and benefits to gain in the new business field. As technology is increasing day by day, immediately after registering your company you have to create a website for your own business. It benefits both customers and the owners to trade online. Always remember to pay your tax on time for smooth running of the business. At your convenience, to pay your tax you can approach to the Central Revenue Collection firms in your locality to inquire about your tax payment.
Some Important Business Opportunities in India with Low Investment:
Now a day, even in small villages also there are educational institutions, so starting a stationary shop, is the best business with low investment. One can start this business without having any educational knowledge also. There are special occasions round the year. Designing and preparing Greeting Cards, is one of the best options for people who have an interest in designing. There are hundreds of websites to help the people to prepare Greeting Cards with different patterns and attractive designs. If you are good at preparing fast foods, then why don't you start a Fast Food Restaurant, by which you can earn regular income. Many people usually opt for used goods, which suits their budget. This is the best business where you can purchase and sell the used goods in the online market.
While doing your business, you must be aware of few challenges. Labor contracts play an important role in the business. The Indian law, offers a labor contract to benefit their employees. There are three contracts. Fixed, Permanent and Temporary contracts. So a new business person must pay special attention towards the Industrial Disputes Act, by which the employee is fully protected related to their work, holidays, wages and other terms and conditions. A new business should also consider transfer pricing. All international transactions are to be evaluated with the ‘arm's length principle, where there is a need for the related customers to pay the audit fee if the transaction exceeds 150 INR million. As we go into 2017 the current exchange rate is 1 USD = 67.8233 INR
Plan your business and keeping few facts in mind, You can start and strengthen your business in India, and can earn relevant returns.

 

Asian Economy  

China GDP of $20,853,331 is ranked number 1 in 2016 GDP (PPP) billions of USD. Yes that's ahead of the US with $18,558,129.
China is fully recognized as one of the top economies of the world. They are at this position while their economy continues to ascend. It will only be a matter of time before this country becomes the country with the best economy worldwide. Yes Trump wants to make America Great again but actually America was already doing pretty amazing under Obama.
The steady growth of Chinas economy has impacted the financial decisions of some country. The United States of America reconsidered an increase in the federal reserves' rates. There was concern about the financial global market and its volatility due to the prediction of some emerging and fast growing economies. Now we still are waiting for the Feds to change the rate in December.
Asia is comprised of some of the fastest growing economies in the world. It also has one of the biggest economies in the world and this is thanks to countries like China, Japan, the ASEAN countries South Korea and India. The economy of the region will become the number one in the next couple of years. It is no question that the strength of the Asian economy is due to the growth of the individual countries that makes up the region. The growth of the Asian economy might pose problems however, if certain risks are not addressed cautiously.
The economy of the region is the strength behind the influential powers Asia now boasts. In the nineteen nineties, the region's share in the GDP of the world was below a twenty five percent. This has significantly changed as the share of the region was almost up to forty percent by the year 2014. This is of a higher value than that of the United States and of Europe. Asia's share is expected to reach approximately fifty percent within a decade if the growth of key country in the region continues to trend in their current manner.
It is predicted that Japan's share in Asia's GDP will continue to decline while China's will continue to increase. Japan is now 4th in 2016 at $4,901,102 GDP. China's share in the GDP of the region doubled during a period dating from nineteen ninety to two thousand and fourteen whilst Japan's did the complete opposite. The countries of Asia as made the region somewhat of a factory for the countries of the western world. China has only recently started to make its present felt in terms of providing the west with products. The first couple of Asian countries that acted as factories for the west includes, Japan, Singapore, South Korea and Taiwan. Most of the success of Asian economies can be accredited to global value chains and the movements within. The Trade in Value Added database of the Organization of Economic Cooperation and Development have indicated that that Asian countries have integrated on a higher level with global value chains which increase the trade, investment and development on a global scale.
The rapid growth of the Asian economy have made the production links of the region very strong. This in turn as made it possible for the region to provide an even larger market for firms worldwide. The role that Asia has played in the global demand will continue to increase along with the rise in its affluence. The Asian market will look more appealing with the increase of integration within Asia itself along with trade agreements with growth centers of the world. The region itself has also benefited from its contribution to the world's supply and demand. Asian companies have gotten plenty recognition on a global scale thanks to the links to GVCs. Many of Asia's have been named on the list of fortune five hundred companies of the world.
Asia is currently the number one consumer of liquid fuels and petroleum and this is according to the US Energy Information Administration. The US is no more the driving force behind the price of oil. Current Crude Oil & Natural Gas price is around USD/bbl $45. The greatest influence on the commodity market current is Asia, hands down. The demand of the Asian region has impacted many countries especially those that produce commodities. These countries have to supply the demand of Asian countries now along with the demand of the western world as well. The increase in the Asian demand has open a door for investors to invest in the rich resource economy of countries such as Africa and Latin America. Many investors are now opting to boycott the markets of the western world for the Asian growth centers.

 

Business Opportunities in Hong Kong  

10 Perfect Business Opportunities in the capitalism country Hong Kong
This article attempts to enlighten wannabe entrepreneurs who have not a single clue as to which business industry to venture into. This article will present several potential profitable businesses for future businessmen to get their hands dirty. Hong Kong has a well-known reputation for being business friendly. Its tax policies are very favorable and competitive. Its labor force is highly skilled and it is becoming a popular business hub for European and American companies. There are many businesses that you are able to launch from ground up and this article zooms in on the 10 hottest opportunities for the daring ones to seize right now.

 

Top in the starting list is manufacturing. Hong Kong is the production center for any goods but with particular focus in electronics. Electronics are key components for everyday living and home based electronics are good starting points to consider manufacturing such as television sets or home theatre systems complete with speakers and remote controller. There are many companies that perform contract OEM services which you can take advantage by buying in small amounts. Electronics are hot items on E-commerce websites such as Alibaba. Quality goods must be offered in these platforms. Next manufacturing items to consider are clothings, apparel, accessories and bags. Fashion accessories are part of Hong Kong citizens favorite topics and they are very high in demand. Unique brands can be slapped on the labels for materials sourced from OEM services. Besides clothings, toys are also good items for sale where parents will not hesitate to splurge for their kids. Another segment to explore is mobile phone accessories where items can be sold in huge quantities since everybody owns a smartphone nowadays.
Next business venture to explore is being a product sourcing middleman or agent. Many people look towards Hong Kong for cheap merchandise as it is known to have quality items on wholesale prices. They may have difficulty navigating the language barrier and overcoming distance issue. Most rely on Internet for sourcing merchandise but many are wary of scammers lurking on the e-commerce sites. One value adding service you can offer is by starting up a company solely for product sourcing. Ensure that a professional looking website is available on the Internet which has clear business solutions description for your customers. You can then earn fees and commissions by helping to purchase as product delivery is guaranteed. Proceed further on getting clients by using e-commerce sites and engage lead generation enterprises. English would be the main medium of communication and it is important to have a strong command on the language.
The next business idea one can venture into is being a business consultant. Many established foreign companies are looking to set up branch in Hong Kong. You can then provide business advice on the various legal requirements and documentation for launching a company. You will provide full suite of business advice on rental, licensing, registration and sourcing for employees. You can become a key partner in growing their business. Another good idea is to launch a call center. It is one of the businesses that require low start-up capital. Virtual Call agency center is gaining traction for its low cost model and many foreign companies are looking to outsource their customer service function to countries with a cost advantage. All you need are stable internet connection, phone lines, computers and employees able to converse in fluent English. You can consider hiring staffs with other different language skills in order to serve clients from other countries effectively. Freelancing websites are the best source to get SME clients.
Next up is travel agency. You can act as a dedicated travel portal for travellers wanting to tour Hong Kong for leisure of business purpose. There are many facets of travel service that you can arrange ie hotel reservations, tour packages, transport service, arranging for tour guides and many more. Customer will return for your services if their stay is comfortable and well planned. Next on the list is becoming a freight forwarder. You can provide shipping services for customers looking to buy goods in Hong Kong. Shipping service is high on demand especially if the service is reliable and on time.
Next in line is becoming an E-Bay retailer. Many made a good living setting up shop on E-bay. It is low cost and low risk business with potential high returns and you can sell any items you fancy as long as there is a sustainable market. Another business venture require technical programming skills which is to become a mobile app developer. It is the next growth industry with more widespread smartphone adoption. You can outsource the technical bits to freelancers that will turn your idea into reality and start making money off the apps. Next up on the business idea list is becoming a shipping agent. Clearing agents assist companies to go through Hong Kong customs regularly for materials sourced from foreign countries. Last but not least, you can consider dabbling in furniture making or remodeling. Old furnitures can be remade and resell in the open market.

 

  
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