UNIFYING THE MARITIME AGENCIES: THE IMPORTANCE OF MARINA AS THE FOREMOST AUTHORITY ON MARITIME ISSUES The Filipino shipboard personnel have been a major contributor to the Philippine economy through its foreign exchange earnings in the amount of more than $3 Billion annually. Yet historically‚ when it comes to welfare support and training implementation‚ the government has been lacking in these aspects. Consequently‚ since the maritime field has been upgrading its laws and improving its training
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Discuss whether an appreciation in the exchange rate is to the advantage of an economy. An appreciation is an increase in the rate of one currency in terms of another. A currency will appreciates when the demand for the currency is more that it supply. When a currency appreciates‚ the price of their goods and services will increase. This will then lead to higher price of exports and resulting in lower demand of exports. Thus export receipts fall. At the same time‚ the price of import goods
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INTRODUCTION=Your business is open to risks from movements in competitors ’ prices‚ raw material prices‚ competitors ’ cost of capital‚ foreign exchange rates and interest rates‚ all of which need to be (ideally) managed. This section addresses the task of managing exposure to Foreign Exchange movements. These Risk Management Guidelines are primarily an enunciation of some good and prudent practices in exposure management. They have to be understood‚ and slowly internalised and customised so that
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A Reference Security Management Plan for Energy Infrastructure Prepared by the Harnser Group for the European Commission Summer 2010 Under Contract TREN/C1/185/2009 A Reference Security Management Plan for Energy Infrastructure Foreword The European Union is developing its policy on critical energy infrastructures in relation to the European Programme for Critical Infrastructure Protection (“EPCIP”) which considers measures that will enhance‚ where necessary‚ the level of protection
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INTRODUCTION SECURITIES COMMISSION Securities Commission is a general term used for a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country‚ but generally cover the setting of rules as well as enforcing them for financial intermediaries and stock exchanges. The Securities Commission Malaysia (SC)‚ is responsible for the regulation and development of capital markets
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Scholarship and History. For more information‚ please contact tmelnick@law.fordham.edu. ARE CONSTITUTIONAL NORMS LEGAL NORMS? Jeremy Waldron* I. Modem legal positivism prides itself on the clear distinction it draws between legal and nonlegal norms. But how are we supposed to tell whether a given norm practiced and prevalent among the powerful in a society governed by law is actually one of its laws‚ part of its legal system‚ as opposed to a moral principle that powerful people happen to accept? The familiar
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Institutional framework at Addressing the Agency Problem and how Different Types of Firms in Transition Economies are affected by these measures. As economies grow‚ in order for businesses to retain market shares‚ they can no longer rely on organic growth‚ many seek external finance either through initial public offerings or through banks‚ mutual funds and insurance companies. Although there are many side benefits of pursuing such growth strategy like dispersion of the entrepreneurs’ financial
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Lafleur Trading Company Lafleur Trading Company was founded in 1975 and has been supplying fine foods and wines to countries all over the world (Apollo Group‚ 2009). The founders of Lafleur Trading Company believe their products meet the needs of consumers for their lifestyle‚ health‚ and ethics. Company leaders offer only products that have passed Canada’s strictest guidelines for organic products (Apollo Group‚ 2009). The Lafleur Trading Company teams members stand by their company ethics‚ believe
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INTRODUCTION Martha Stewart a known celebrity and founder of Martha Stewart Living Omnimedia (a business which is built on showing others how to cost effectively manage and decorate the home)‚ who was given a tip by Douglas Fanueil and Mr. Bacanovic‚ employees of the Merrill Lynch brokerage company. This tip which broke the confidentiality policy of the brokerage company led to the subsequent sale of Martha’s shares in the ImClone company during the latter company’s blackout period with the effects
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supply chain was identified as a means to reduce costs and add value to the entire buying process‚ purchasing strategies have had to change with the times. Just how that type of strategy is developed and what key elements must be included is one of the initiatives in the NAPM and Center for Advanced Purchasing Studies report‚ "The Future of Purchasing and Supply: A Five- and Ten-Year Forecast." The 1998 study says that in the coming years‚ successful purchasing strategies will be directly linked
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