...ADOPTED BY THE GOVERNMENT OF MAURITIUS TO PROMOTE FDI 10 INVESTMENT POLICIES 10 1. LEGISLATION 11 Law Practitioners Act 12 Companies Act 12 Public Procurement Act 13 Competition Act 13 Trade and Investment Framework Agreement 13 Employments Rights Act and Employment Relations Act 14 Financial Services Act 14 Securities Act 14 Insolvency Act 14 Other investment incentives 15 TRIPS Agreement 15 2. Fiscal policy 16 3. LIBERALISATIONAND DIVERSIFICATION 17 4. MACROECONOMIC STABILITY 19 Social and political stability 19 Exchange Control 20 Inflation control 20 5. FINANCIAL SERVICES 20 6. INVESTMENT FACILITATION 26 7. LABOUR MARKET REFORM 27 8. INFRASTRUCTURE 27 Transport 28 Telecommunication network 28 Building Premises 29 TOP SECTORS ATTRACTING FDI IN MAURITIUS 30 FINANCIAL HUB 31 REAL ESTATE ACTIVITY 31 INFORMATION TECHNOLOGY AND OUTSOURCING SERVICES 32 MANUFACTURING SECTOR 33 SEAFOODS HUB 34 TOURISM SECTOR 35 THE TWO RECENTLY SECTORS WHICH ARE EXPECTED TO GROW AND DEVELOP: 36 KNOWLEDGE HUB 36 MEDICAL 37 FDI EVOLUTION MAURITIUS 38 SPECIAL CONSTRAINTS AND CHALLENGES 41 SUCCESSES AND CHALLENGES 42 THE ECONOMIC FUTURE OF MAURITIUS 43 FUTURE AIMS: 44 CONCLUSION 45 REFERENCES 46 LIST OF ABBREVIATIONS AGOA: African Growth and Opportunity Act BOI: Board of Investment BOM: Bank of Mauritius COMESA: Common Market for Eastern...
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...South African hospitality outlook: 2013-2017 (featuring analysis of Nigeria and Mauritius) 3rd annual edition June 2013 Destination Africa www.pwc.co.za/hospitality-and-leisure The information contained in this publication is provided for general information purposes only, and does not constitute the provision of legal or professional advice in any way. Before making any decision or taking any action, a professional adviser should be consulted. No responsibility for loss to any person acting or refraining from action as a result of any material in this publication can be accepted by the author, copyright owner or publisher. Destination Africa South African hospitality outlook: 2013-2017 PwC Third South African edition PwC’s team of hospitality specialists provide an unbiased overview of how the hospitality industry in South Africa is expected to develop over the coming years. The publication focuses on the following major industry segments: hotels, guest houses and farms, caravan/ camping sites, bush lodges and other accommodation. It details the key trends observed and challenges facing these sectors as well as considering their future prospects. South African hospitality outlook: 20132017 demonstrates deep knowledge of the local hospitality market and is a powerful tool for understanding critical business issues. To learn more about the challenges and opportunities that lie ahead for the hospitality industry in South Africa, please visit www.pwc...
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...Economies 1.7.3 Transformation of the Enterprise 1.7.4 The Digital Firm 1.8 1.9 The Internet New Options for Businesses 1.9.1 The Networked Enterprise 1.9.2 Electronic Business, Electronic Commerce and Electronic Government 1.10 1.11 1.12 1.13 1.14 Information Systems at Different Levels of Management Management Challenges with Information Systems Activities Discussion Questions Summary Unit 1 1 Management Information System – LLC 3215 1.0 OVERVIEW Nowadays, information is considered to be a very valuable resource in organisations. It is in fact comparable to other valuable resources like money, human power and raw materials. Information is vital in our everyday life. Consider the importance of weather forecasts in Mauritius during cyclonic periods. This leads us to the concept of information being a driver for decision-making. This unit will help you understand why we need to manage information and the role played by information systems in organisations towards better decision-making. 1.1 LEARNING OUTCOMES By the end of this unit, you should be able to do the following: 1. Define the concept of Information Systems (IS) and Management Information Systems (MIS). 2. Explain how MIS can be used in improving effectiveness and efficiency of operations in...
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...Economic Commission for Africa The Millennium Development Goals in Africa: Progress and Challenges Economic Commission for Africa The Millennium Development Goals in Africa: Progress and Challenges August 2005 © 2005. Economic Commission for Africa Material from this publication may be freely quoted or reprinted. Acknowledgment is requested, together with a copy of the publication. The views expressed are those of the original authors and do not necessarily reflect those of the United Nations. Project coordinator: Adrian Gauci Editorial coordination: Cristina Müller Team: Abebe Shimeles, Workie Mitiku, Vanessa Steinmayer, Reto Thoenen This report was produced with guidance and input from Augustin Fosu, Director of the Economic and Social Policy Division of the ECA. It benefited greatly from the revisions of Bartholomew Armah and Kwabia Boateng. Special thanks to Lorna Davidson for the final editing, to Akwe Amosu for her valuable input, and to Seifu Dagnachew and Teshome Yohannes for creative and efficient lay-out and production. The report was designed by the ECA Communication Team and printed by the Documents Reproduction and Distribution Unit, in Addis Ababa, Ethiopia. Photo credits (left to right): Front cover- R. Zurba/USAID, J. Dunlop/USAID, R. Zurba/USAID, M. Crozet/ILO. Back cover- J. Maillard/ILO, T. Brunette/USAID, I. Getachew/UNICEF. Table of Contents Acronyms .....................................................................
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...particularly for those used in the medium term projections. 2. A deviation from past practices, is the inclusion of market commentaries from IGG member countries that had provided theirs. The Secretariat is extremely grateful to contributions from Argentina, India, Indonesia, Kenya, Mauritius, Sri Lanka, Tanzania and Vietnam. If delegates find this useful, they may wish to adopt it as a standard practice for the Group in its evaluation of the world tea market, and include contributions from importing countries as well. This would go a long way in improving the spirit of cooperation among members and promote marketing priorities of the Group in the areas of: Improving market transparency; Fostering market expansion; and Value chain enhancement. 3. Finally, delegates are requested to review the information presented, and amend and supplement these where necessary, pertaining to their countries. II. HIGHLIGHTS 4. World black tea prices remained firm in 2010 and 2011 as market fundamentals were strong. After long periods of sustained growth, black tea production actually declined in 2009, and although consumption also declined marginally, demand for black tea exceeded supply. This trend continued in 2010 and 2011 as consumption continued to exceed production. 5. Therefore, as...
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...CERTIFICATE IN MARITIME ECONOMICS MODULE ONE Economic Geography of Maritime Transport Dr. Stavros Tsolakis Lloyd's and the Lloyd's crest are the registered trademarks of the society incorporated by the Lloyd's Act 1871 by the name of Lloyd's. CONTENTS WELCOME TO THE COURSE ........................................................................................................ 3 STRUCTURE OF THE COURSE ...................................................................................................... 4 INTRODUCTION TO MODULE 1 ................................................................................................... 7 1. ECONOMIC ANALYSIS OF THE SHIPPING INDUSTRY ........................................................... 8 1.1 The Function of Shipping .................................................................................................. 8 1.2 The Structure of World Seaborne Trade and the Demand for Shipping Services....................... 8 1.3 The Ton-Mile as a Measurement of Demand for Shipping Services ....................................... 12 2. ANALYSIS OF GLOBAL COMMODITIES ON-BOARD SHIPS .................................................. 14 2.1 Crude Oil Seaborne Trade .............................................................................................. 14 2.2 Other Challenges for Crude oil Transportation ................................................................... 16 2.3 ...
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...Insurance Ads: Transcending Stereotypes! Are insurance ads truly changing from being purveyors of death and destruction? Once upon a time, Indians were put off by insurance advertising, as gloomy visuals reminded them of the impending demise or accident of their loved ones. Those who did, insured themselves as a ‘savings’ mechanism, which would either help them in their old age or provide for the family in case of their untimely demise. The insurance agents were the perceived Yamdoots and life insurance policies, gloomy prophecies. Cut to 2006 and the insurance scenario in the country is anything but gloomy. Marked by the entry of private players’ post-2000, India’s insurance industry has moved into exciting and thrilling times. From being a state-owned white elephant, the insurance sector in the country now accounts for 10-15% of India’s total financial sector, where over a dozen Life Insurance and Non-Life Insurance Companies are fighting it out to woo the consumer. The opening up of the sector has lured many a foreign players into the market like Sun Life (Canada), Old Mutual (S. Africa), Prudential (UK), New York Life (USA) and others. The carrot of course, is the huge potential that the sector holds: Before 1991, life insurance penetration in India was less than 1%; during the 90s it was between 1-2%, while in 2003-04 (the last available figures), insurance penetration had crossed 2.4%. Apply that to a country of over a billion people and you realise why global...
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...Economic Environment of Business Assignment 1. “PEST analysis is used by businesses around the world to devise a strategic approach to their activities”. Discuss this statement highlighting the various components of the said analysis (25 marks) In this new age of economics there are several environmental factors other than industrial factors that affect a company’s performance. As a matter of fact the companies need to keep up their competitive advantages, like increasing product value or setting contingency plans for threats. These external factors can be manipulated in such a way that the company beneficiates from its impact. Environmental factors can be market, weather, client and internal factors are employees, assets of the company. To evaluate the power of those external factors, most organization performs the PEST analysis. It is a simple analysis that helps the management body to get a bigger picture of the Political, Economic, Social and Technological factors that affects the company. The study of PEST analysis concludes how the company will react to environmental change by setting up new strategies. Those external factors affects important variable in the organization that simultaneously affect the organization’s supply and demand level and eventually cost of the product. The PEST analysis is an important tool that explains the market growth or decline. It also states where the company is standing, its potentials and what or who the best business targets are...
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...Submitted by WWW.ASSIGNMENTPOINT.COM Footwear is a traditional export item of Bangladesh. Footwear produced from high quality leather in the country enjoys a good reputation worldwide for their quality. The country, however, has a growing success in this sector. The business experts believe that export earnings from the sector could be substantially increased if we use advanced technology to produce high quality footwear. This, however, depends on adoption of appropriate policies on the part of the government and business community to develop the sector. The products must be improved to satisfy the quality requirements demanded by the consumers of the international market especially of the developed world. The low wage rate and poor enforcement of environmental laws and rules have given the country’s footwear sector a comparative advantage in the world market. Moreover, the country enjoys duty exemption under the GSP (Generalized System of Preference) from the most of the importing countries of the developed world. Bangladesh also enjoys a reduction of Tariff and other non-Tariff barriers from WTO (World Trade Organization). While this provide an opportunity for a country like Bangladesh to boost up its export. 1.2 Objectives: The objectives of this study are as follows: 1.2.1 To know about the environment of selected products sectors- Footwear. 1.2.2 To know about the overall international trade statistics for...
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...Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd. Today, the bank is one of the fastest growing bank and among the most admired financial institutions in India. The bank has over 323 branches and a customer account base of over 2.7 million. Spread all over India, not just in the metros but in Tier II cities and rural India as well, it is redefining the reach and power of banking. Presently it is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. It caters to the financial needs of individuals and corporates. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India. In a study by Brand Finance Banking 500, published in February 2014 by the Banker magazine (from The Financial Times Stable), KMBL was ranked 245th among the world’s top 500 banks with brand valuation of around half a billion dollars ($481 million) and brand...
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...C O N T E N T S 10 Years’ Financial Highlights Strong Fundamentals Notice to Members Directors’ Report Management Discussion and Analysis Report on Corporate Governance Auditors’ Report Balance Sheet Profit and Loss Account Cash Flow Statement Schedules to Accounts Consolidated Financial Statements – Auditors’ Report – Balance Sheet – Profit and Loss Account – Cash Flow Statement – Schedules to Accounts Balance Sheet Abstract 3 4 5 8 11 23 33 36 37 38 40 63 64 65 66 68 86 Annual Report 2008-09 1 C O R P O R AT E BOARD OF DIRECTORS A Vellayan Chairman K Balasubramanian Director B V R Mohan Reddy Director R A Savoor Director (from 18.03.2009) M K Tandon Director D E Udwadia Director M M Venkatachalam Director S Viswanathan Director (Upto 23.12.2008) V Ravichandran Managing Director I N F O R M AT I O N BANKERS State Bank of India HDFC Bank Limited IDBI Bank Limited ICICI Bank Limited Hongkong and Shanghai Banking Corporation Limited AUDITORS Price Waterhouse 8-2-293/82/A/1131A Road No. 36, Jubilee Hills Hyderabad - 500 034 COST AUDITORS Mr V Kalyanaraman Mr Dantu Mitra MANAGEMENT TEAM V Ravichandran Managing Director P Nagarajan Sr Vice President & Chief Financial Officer G Ravi Prasad Sr Vice President - Sales & Marketing (Fertilisers) P Gopalakrishna Sr Vice President - Retail Harish Malhotra Sr Vice President - Commercial G Veera Bhadram Sr Vice President - Pesticides SBU Arun Leslie George Sr Vice President & Head of HR S Govindarajan Sr...
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...1.0 Introduction Risk is the element of uncertainty or possibility of loss that prevail in any business transaction in any place, in any mode and at any time. In the financial arena, enterprise risks can be broadly categorized as Credit Risk, Operational Risk, Market Risk and Other Risk. Credit risk is the possibility that a borrower or counter party will fail to meet agreed obligations. Thus managing credit risk for efficient management of a Financial Institution has gradually become the most crucial task. Credit risk management needs to be a robust process that enables Financial Institution s to proactively manage facility portfolios in order to minimize losses and earn an acceptable level of return for shareholders. Credit risk is most simply defined as the potential that a bank borrower or counterparty will fail to meet its obligations in accordance with agreed terms. The goal of credit risk management is to maximize a bank's risk-adjusted rate of return by maintaining credit risk exposure within acceptable parameters. Banks need to manage the credit risk inherent in the entire portfolio as well as the risk in individual credits or transactions. Banks should also consider the relationships between credit risk and other risks. The effective management of credit risk is a critical component of a comprehensive approach to risk management and essential to the long-term success of any banking organization. Prime Bank primarily lends for trade finance although some amount of project...
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...Introduction: Pakistan International Airlines Corporation (PIA) is the first appreciable company of Pakistan in Airline industry; it was founded in 1946 as Orient Airways, PIA became a state corporation on March 11, 1955. After this, Orient's planes were repainted in PIA's green livery. It has its main hubs at Jinnah International Airport, Islamabad International Airport, Allama Iqbal International Airport. It focused cities are Peshawar international Airport and Manchester Airport. The parent company is in control of Secretary of the Ministry of Defense (Government of Pakistan). The company slogan is “Come Fly With Us”. It headquarter resides at Karachi, Pakistan and the key people include Ch. Ahmed Mukhtar (Chairman PIA). PIA’s route network stretches to Asia, the Middle East, Africa, Europe, and North America. The conceptualization of service quality is the challenging issue for airline industry. There is a general agreement that the evaluation of services is more subjective than that of tangible goods and that an understanding of customers is central to understanding service quality; Kasper et al. (1999: 188), defines service quality as “the extent to which the service, the service process and the service organization can satisfy the expectations of the user.” Some prominent definitions include “conformance to requirements” (Crosby, 1984), “fitness for use” (Juran, 1988), or “one that satisfies the consumer” (Eiglier and Langeard, 1987). As per the Japanese production...
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...Rising Food Prices, Poverty, and the Doha Round Sandra Polaski Senior Associate and Director, Trade, Equity and Development Program MAY 2008 Summary This paper examines the issues at stake in the Doha Round in light of rising food prices and their impact on global poverty. It first reviews the causes of high food prices, emphasizing those that are susceptible to action by governments. The author then presents recent evidence on how food prices affect the poor and concludes that, although many poor households will require urgent assistance, more are likely to gain from rising prices than lose. She argues that the Doha Round must allow developing countries adequate policy flexibility so that they can build up their own agricultural sectors, increase food supply in the medium and long term, and shield the poor from market failures that can affect their very survival. An agreement should: • • • Sharply restrict domestic and export subsidies provided to wealthy country farmers, which drive farmers in developing countries off the land or into poverty. In-kind food aid should also be restricted in favor of cash assistance. Allow developing countries to shield at least twenty percent of tariff lines from reductions as “special products” to foster greater domestic production and shield poor households until they become more productive or find other livelihoods. Create a robust “special safeguard mechanism” that would permit developing countries to address short term volatility in...
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...fashion market Until relatively recently, fashion had always been élitist and was used by its adopters to show that they were above the common people. Even the inventions of the eighteenth and nineteenth centuries; the spinning jenny, the water frame and the sewing machine have not had as great an effect on the market as have cultural changes and the explosion of the media during the twentieth century. The Fashion Market and the Marketing Environment The end of World War I, in 1918, really marked the start of mass fashion. Style began to be influenced by the fashion designers of Paris, Milan, New York and London. In the 1930s film personalities and later pop stars all played their part in spreading or even starting fashion trends. Some fashion...
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