FIN4812 INTERNATIONAL FINANCE Assignment 2 Conducted by Section 403 Shahana Rishi 5115136 ChiaLi Su 5115289 Submitted to Dr. Radha Sirianukul Date Sumbitted: March 6th‚ 2012 Thai Wacoal Company Limited and Wacoal Holdings Corporation Thai Wacoal Public Company Limited is the manufacturer of finished garment products‚ consisting of ladies’ lingerie‚ ladies’ outerwear‚ and children wear products‚ with its main product category focus on ladies’ lingerie. It is a
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IMF policies did not manage to be successful and they were a very important factor causing one of the greatest economic crises ever. The collapse of the Thai baht‚ on 2 July 1997‚ marked the beginning of the crisis. The baht lost its value by almost 25% overnight and speculators spread and hit Malaysia‚ Korea‚ the Philippines and Indonesia and by the end of 1997 banks‚ stock markets and entire economies were threatened. The policies that the IMF imposed during that period were not of any help and
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1.What is the relationship between the exchange rates and relative inflation levels of the two countries? How will this relationship affect Blades’ Thai revenue and costs given that the baht is freely floating? What is the net effect of this relationship on Blades? ANSWER: The relationship between exchange rates and relative inflation rates can be explained by the purchasing power parity (PPP) theory. When one country’s inflation rate is high as compared to another country‚ then the demand for country’s
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QuickTime™ and a TIFF (Uncompressed) decompressor are needed to see this picture. Bangkok Automotive (A) Contributed by: Edward Rubesch‚ PhD Thammasat Business School‚ Thammasat University‚ Thailand. Created Feb 2008 © NEN Page 1 of 18 Introduction Ruby Edwards paused and sat back in her chair. She had been running a number of scenarios on her spreadsheet as she tried to predict future opportunities for her company in the face of a challenging economic and marketing environment
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period of 3 years‚ at a price of THB 4‚594 (THB ¼ Thai baht) per pair. The current direct quotation of the dollar-baht exchange rate is $0.024. The cost of goods sold incurred in Thailand (due to imports of the rubber and plastic components from Thailand) runs at approximately THB 2‚871 per pair of Speedos‚ but Blades currently only imports materials sufficient to manufacture about 72‚000 pairs of Speedos. Blades’ primary reasons for using a Thai supplier are the high quality of the components and
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invoicing in Thai baht (Thailand’s currency). Ben Holt felt that this strategy would give Blades a competitive advantage‚ since Thai importers can plan more easily when they do not have to worry about paying differing amounts due to currency fluctuations. Furthermore‚ Blades’ primary customer in Thailand (a retail store) has committed itself to purchasing a certain amount of “Speedos” annually if Blades will invoice in baht for a period of three years. Blades’ purchases of components from Thai exporters
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benefits from considering DFI in Thailand is maximizing profits and minimising costs. As the fact shows that Thai baht is now a freely floating currency and has depreciated 8.88 percent during the last 12 months‚ which could lower the initial costs required for DFI. In this way‚ Blade may generate profits when DFI is considered. 1.2.2 Compared to Blades’ U.S. market or U.K. market’s‚ the Thai roller blade market offers more growth potential. Since Blades’ growth potential there is limited due to
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unpopular‚ so it doesn’t really matter. Even being thrown out of the office doesn’t really bother me.” -Tun Dr Mahathir Mohamad. (Aziz Zariza Ahmad‚ 1954. Mahathir’s Paradigm Shift: the man behind the vision. Malaysia: Firma Malaysia Publishing‚ 1997. p 217) Those who followed closely the progression of Malaysian politics have identified the former premier as outspoken and blunt with an outstanding personality. Some had even gone as far as pointing those qualities were the very reasons that
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be working well. Blades’ primary customer in Thailand‚ a retailer called Entertainment Products‚ has committed itself to purchasing a fixed number of Speedos annually for the next 3 years at a fixed price denominated in baht‚ Thailand’s currency. Furthermore‚ Blades is using a Thai supplier for some of the components needed to manufacture Speedos. Nevertheless‚ Holt is concerned about recent developments in Asia. Foreign investors from various countries had invested heavily in Thailand to take advantage
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LETTER OF AUTHORIZATION December 19‚ 2012 Muhammad Enamul Haque Assistant Professor United International University Subject: Submission of term paper on ‘’case analysis’’ Dear Sir‚ We are pleased to submit the term paper on time letter. Here is the term paper on “case solution”‚ you asked us to conduct. As you are teaching us about the international business‚ as per the requirement of syllabus provided from United International University for B.B.A. course‚ considering its importance
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