China's Renminbi – Our Currency, Your Problem

Introduction of Case Study:

This case introduces the basics of monetary economics and demonstrating practical applications of monetary policies and exchange rates that pertain to business decisions. Supporting this case study will be a discussion on the exchange rate policy that China has adopted precedent and following 1978, a year in which significant economic liberalization took place. Events within the past couple of years that took place in China concerning their exchange rate period were deemed highly controversial by members of China's trade partners. The first objective of this essay is to trace the history of this discord surrounding China's currency, the Renminbi (RMB), which translates literally into English as "the people's currency". Next, questions from the case will be discussed. Lastly, the case will be made up-to-date with a brief excerpt concerning the current state of affairs surrounding this issue.

Background…

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Four Hour Bangkok Airport Layover – Things to Do In Bangkok Airport

The Bangkok Airport is the one of the major transit airports in Asia and many travellers find that they have to change planes here and have some free time on their hands.

Most flights through the Bangkok Airport have connecting flights scheduled fairly close together, so you won't have long to wait for your next flight. But, even so you are going to want to fill in the time and if you only have a four hour layover, there is not sufficient time to leave the airport and visit Bangkok.

So what can you do if you have a Bangkok Airport layover, before changing to another international flight?

Well the first thing is to make sure that you are checked in for the continuing flight and have been issued with boarding passes. From then on the time is your own, but here are some available options.

Airline Lounges

A First or Business class passenger will have access to their Airline Lounge. Most lounges are set up with access to the internet, have snacks and…

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The Case of Thai Joint Venture With Japanese Partner in Construction Business

Literature Review

Business in the 21st century is increasingly connected with shifting borders. International partners will become standard practice as the product life cycles shorten and immediate distribution become imperative. As business is increasing its globalization, alliances multinational firms are becoming more popular. Cooperation between international firms can take many forms such as cross-licensing of proprietary technology, sharing of production facilities, co-funding of research projects, and marketing of each other products using existing distribution networks (Griffin and Pustay, 2005). Such forms of cooperation are known as strategic alliances, business arrangements wheree two or more firms choose to cooperate for their mutual benefit. A joint venture is a specific and more formal type of strategic alliance.

2.1 Defining International Joint Venture (IJV)

An international joint venture (IJV) is a special type of strategic a…

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How to get a Work Permit

Proceedings concerning the applicant employee: Any foreigner working in Thailand must obtain a work permit. The work permit is issued by the Ministry of Labour, and the time to reach is around three weeks. In the case of Limited Company (which is the form of the most common business in Thailand) administration request the following documents: (more…)
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10 tips to create a business in Thailand

1-      First you should know that starting a business in Thailand can quickly become a legal puzzle for a farang who does not speak Thai. It is therefore advised  for you to hire a lawyer or a qualified accountant in your efforts (more…)
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How to find a job in Bangkok

Are you looking for an internship, a temporary job, or full time employment? Bangkok Jobs is what you need. You can now start or continue your career and find a job that you will expectation. Nevertheless you will find useful tips to start your research on Bangkok Jobs. -Tips You should not forget to mind your goals, what you want to do, how to do. In addition, you will probably have to work in a multicultural team, you must follow ethical standards, cultural, religious…  This will require a lot of observation and sometimes will allow you to make mistakes. Now, let us guide you through Bangkok jobs. -Your job seeking in 3 steps: That’s Simple! 1-      Create your account 2-      Complete your resume 3-      Contact companies The database will be accessed resume by recruiters. According to the profile they are looking for, they will contact you. http://www.jobsbangkok.net/wp-login.php?redirect_to=%2Fresume   Then we recommend that you consult …
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Thailand’s Unemployment Rate Down At 0.48%

Thailand’s social conditions in last year’s 4th quarter saw reduced unemployment but a higher amount of household debt, particularly for vehicles, according to a state planning agency. National Economic and Social Development Board (NESDB) Deputy Secretary-General Suwannee Kamman said in the 4th quarter, Thailand’s unemployment rate stood low at 0.48 per cent or 190,000 persons, from 0.63 per cent year-on-year, while employment increased 1.7 per cent with 39.6 million persons employed nationwide, and mostly in the agricultural sector. (more…)
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