Australia’s foreign debt In recent years‚ Australia’s debt to the rest of the world has increased‚ and grew on average by 6.1% per year between June 1999 and June 2009‚ increasing from $15‚400 to $27‚900 in 2007-08. The growth in a country’s foreign debt can reflect several related influences. The value of its imports and other current payments to foreigners may exceed the value of its exports and other current receipts from foreigners‚ is this is the case then the nation experiences a deficit
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1.9 million foreign workers in Malaysia Foreign worker levy hike in 2011 By Asrul Hadi Abdullah Sani May 20‚ 2010 Malaysia has nearly two million foreign workers. — Reuters pic PUTRAJAYA‚ May 20 — Malaysia will raise the levy on foreign workers in 2011‚ after having deferred the implementation last year‚ Deputy Prime Minister Tan Sri Muhyiddin Yassin announced today. He said the quantum of increase would vary based on the specific sectors which employ the foreign workers. “We determine
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A foreign language is a language indigenous to another country. It is also a language not spoken in the native country of the person referred to‚ i.e. an English speaker living in Japan can say that Japanese is a foreign language to him or her. These two characterisations do not exhaust the possible definitions‚ however‚ and the label is occasionally applied in ways that are variously misleading or factually inaccurate. Some children learn more than one language from birth or from a very young
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Finance 400- International Finance Foreign markets can be very attractive to investors because indexes in various countries around the world have managed a double or triple digit return on investments. Investors realize these high returns and pursue to invest in foreign markets. There are different ways to invest in foreign markets. There are three main ways to invest in foreign markets‚ Exchange traded funds (ETF) or mutual funds‚ American Depositary Receipts (ADR)‚ and through multinational
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Foreign capital: The capital available to any country other than the domestic capital in order to finance any domestic purpose is called foreign capital. Need for Foreign Capital 1.Capital investment requirements – Since underdeveloped countries want to industrialize themselves within a short period of time‚ it becomes necessary to increase capital investment substantially. This requires a high level of savings. However‚ because of general poverty‚ the savings are very low. This creates a
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Foreign cultures The problem of the students who have to learn foreign cultures or not had concerned a number of people. Some individuals advocate that the students are just need to know their own country culture.However‚ their are a large group of opponents have an opposite perspective. As far as I concerned‚The students in college are necessary to know the foreign cultures. Most of the student will go to other countries in the future for their jobs or visit their
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INTRODUCTION The business of foreign exchange is getting increasingly complex and intensely competitive. However‚ in the backdrop of phenomenal growth of Bangladesh’s external sector‚ foreign exchange business provides a challenge as well as an excellent opportunity to accelerate the growth of bank’s own business This research paper is done on the foreign exchange department of Prime Bank ltd. It tries to capture nearly the entire range of activities typically performed in the foreign exchange department
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Dillon Bentley 6/18/13 Case Report: Foreign Factories When investing in foreign factories it may be tempting to invest just because of factors that seem obvious such as the potential low wages or low taxes. However good managers realize that investing in foreign factories to obtain knowledge is a very successful strategy. In order to tap global R&D potential‚ a manager must have the mindset that the knowledge could be anywhere‚ and sometime is worth the risk of setting up a factories
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Foreign trade financing is an integral part of banking business. Documentary Credit (also called letters of credit or “L/Cs”) is the key player in the foreign exchange business. With the globalization of economies international trade has become quite competitive. Timely payment for exports and quicker delivery of goods is‚ therefore‚ a pre-requisite for successful international trade operations. Growing complexity of international trade‚ separation of commercial parties across the globe and operating
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A Malaysian Fantasy: Less dependence on foreign workers Written by Dr. Lim Teck GheeTuesday‚ 04 August 2009 12:14 CPI Writings Commentary by Dr Lim Teck Ghee There is hardly a day that passes when we do not read something about foreign labour in the newspapers. The story could be about a heartless employer pouring boiling water on an Indonesian maid or labour contractors exploiting a Bangladeshi worker. Or it could be a Minister stating that he received an appeal from the MNCs for the
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