How the “four M’s” underpin a bright Asian future

For a look into the future of the global economy, and where the power is shifting, consider technology developments in both China and India.,

In a mere decade, China’s e-commerce market has grown from less than 1% of global sales, into the world’s largest market in 2016, representing more than 40% of transactions by value. Platforms such as Alibaba and reach nearly a billion eager shoppers, in a market three times bigger than the US’. 

Meanwhile, India’s adoption of mobile technologies is surging at an astonishing rate as Reliance Jio – which became India’s dominant tech firm virtually overnight – brings fast connections to India’s 1.3 billion people. Even as Covid-19 spread, Google and Facebook separately invested billions in this telecoms company (a highly unusual step for rival tech giants) amid projections it would hit 500 million subscribers by 2023. 

Events in the world’s two most populous nations capture the dynamic …

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Bank of Thailand adds new measures to support post-COVID-19 recovery

BANGKOK (NNT) – The Bank of Thailand (BoT) has added measures for retail loan restructuring, as part of its third phase of debt relief for individual borrowers, aiming to ease hardships caused by the COVID-19 pandemic.

According to BoT deputy governor Ronadol Numnonda, the new measures, implemented on 4 May, will allow vehicle hire-purchase loans and car title loan borrowers, including motorcycle owners, to return their vehicles to creditors if they cannot repay debt because of the outbreak.

If a vehicle is returned and borrowers still owe a balance, the central bank asked financial institutions to help restructure the remaining debt on a case-by-case basis. The financial institutions include commercial banks, specialized financial institutions and non-bank companies.

The measures also offer additional options for longer loan extensions and lower interest rates than the second phase. For mortgage borrowers, the central bank allows rep…

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Trust is More Important Than Love

Once we lose trust, relationship is impossible. We can compromise it, and stick around for the ride but the truth is, once trust is gone, love can't flow.

In business, as has been proven over and over, people can't be trusted. Leave an employee near an open computer and they'll connect to the internet and waste time. Accuse them and they'll scream like you just shot them in the foot. Interesting isn't it.

To be accused of untrustworthiness is one of the most sensitive insults you can hand another person. People can, and will, lie through their teeth about things that have breeched trust.

The Ancient laws of nature predict this clearly. They suggest that we have within us, 7 levels of mind. The lowest of these exists in everyone, as well as the highest. That lowest mind is a devil in disguise. And cannot be trusted, in anyone.

The lowest mind functions on instinct. Many people are living in this level of mind. We call it survival instinct but there's a…

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Careers of Highly Sensitive People

Highly sensitive persons (HSP's) are unique individuals who have different work traits and characteristics from the rest of workers. These people react readily to any stimulation which others may find as annoying or undesirable. However, these people actually have an edge at the work place because of their special traits.

Highly sensitive people are known to be intelligent and high achievers. They do not settle for less and do not like being forced to do so. They dislike almost any kind of pressure from other stimuli, but works excellently when left alone. They are loyal workers if they are understood and accepted as they are.

You can find people like these in whatever type of industry but there are specific work conditions that they find appealing and comfortable. Actually they can be effective workers in almost all work area but since there are some of them that lack the confidence and courage to speak up, there are variety of jobs that are not recommended.

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The Marketing Environment

No business exists and operates in a vacuum, but as a part and parcel of the environment in which it finds itself. Efficient and effective marketing strategy is a function of the marketing manager's ability to understand the environment in which the business operates.

The marketing environment consists of a set of factors or forces that operate or influence a company's performance in its chosen target market.

Jain (1981:69) defined the marketing environment to include all those factors that may affect the organization directly or indirectly in any perceptible way. Marketing environment factors affects the organization by the way of input and the organizations also affect the environment by output. The relationship between the organization and the marketing environment is often referred to as "inseparable" the organization and it environment are constantly in a state of: give and take" or homeostasis.

The marketing environment consist of those forces or elem…

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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.


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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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