Category Archives: Business

WA Businesses Urged To Up Their Security

Published by:

Bunbury Geographe Chamber of Commerce and Industry issued a statement to businesses across the city, to get more security and CCTV Bunbury in order to address the warnings from local police regarding the increase in burglaries in recent months.

The chamber issued the message, alongside a high alert, early in February to implement further securities measures, in response to the recent upsurge in crimes across the city. In particular, the Homemaker Centre and light industrial area at Davenport was repeatedly victimised by a spate of burglaries.

According to the released statement, the burglars managed to gain entry into the premises by manipulating the locks in the buildings. Following that, the offenders then went into the business premises and removed the security camera, after which they made off with the office hard drive and whatever property they could get their hands on.

The alert has put forward some security recommendations, such as like improving CCTV Bunbury, or fitting metal plating to the outside of doors in order to hamper any intrusion attempts, detailing that such a measure would not violate the Building Code of Australia 2016’s terms on fire/emergency doors. Additionally, the alert also advised to review where they installed the hard drive for their security cameras in order to make it more difficult to locate in the eventually that the premises be breached.

The alert was initiated by the local Bunbury police force, with the cooperation of the South West Crime Prevention, which has been on high alert, even now as burglaries continue to plague the city’s businesses.

More recently, a group of thieves wreaked havoc across the city in a bold burglary spree that victimized several businesses across the city. The thieves used a Toyota Hilux ute in order to get to their targets, strewn across Davenport, Bunbury and Treendale, causing extensive property damages.

The thieves only managed to make off with a small amount of valuables and some tools from the businesses, but the property damage they dealt led to business owners posting information regarding the burglaries all over the internet. Currently, Bunbury is working on the matter, and looking for people with information.

What Does Knightsbridge Foreign Exchange Do?

Published by:

Foreign exchange (Forex) market is a medium of exchange among prominent banks, huge multinational corporations, local government and other financial institutions. That’s why there are forex companies like Knightsbridge Foreign Exchange to do the trading for you.

So What Makes It Really Popular?

As currency trading involve a huge amount of money, many are attracted to the Forex Market to earn profits they can make in a single successful trade. In one trading, millions are earned by the traders and companies. This is the reason why some trading companies like Knightsbridge Foreign Exchange lure potential traders to risk their money in exchange for profit.

How Unique is the Forex Markets?

For Forex markets, they vary through the following reasons:

  1. Forex market entices traders from global markets making the volume of trade come in large quantity.
  2. You can buy and sell currencies so quickly, without moving from the company itself, thus you save valuable loss of time and money.
  3. Trading is open daily except for Saturdays and Sundays.
  4. In forex market, there are no geographic boundaries, so you can be anywhere in the world.

The Difference between Stock Exchange Market and Forex Market

The forex market trades in currencies while the stock market trades in stocks. The both include selling and buying, but the stock market differs when it involves rules that are strictly complied. They do it to avoid companies from monopolizing their stocks. The stock market is high regulated with stricter environment, while the forex market implements no regulations or rules.

How to Start Trading in the Forex Market?

You need to do a lot of research in the forex market and speak with an investment company or stock broker like Knightsbridge Foreign Exchange. You need to know if they are reliable and reputable in the business as you are investing money here. You can check their background by reading reviews online or get recommendations from people you know.

You can get extreme profits in the forex market; however, they shift up and down which will risk your investments. You can earn a lot today and lose everything tomorrow. So if you work with Knightsbridge Foreign Exchange, they know when’s the best time to buy or sell your currencies.

Australia’s Residential Construction Slows Down

Published by:

Australia’s residential construction is one of the biggest markets for construction supplies, and recently, they’ve slowed down. There’s been less going around to buy building supplies in Sydney and across the country as the residential activity across the country slowed down, slowing the sector’s growth to the lowest number in a year.

There’s a lot of indicators that’s been impacting the residential construction sector, which was exacerbated by the recent APRA-led crackdown on risky lending. According to the Australian Industry Group’s (Ai Group) Performance of Construction Index (PCI), which dropped to 50.6 in June 2018, the construction sector is the slowest its been in 17 months.

The PCI’s measures monitored changes in activity across the country’s construction sector on a monthly basis, with anything over 50 marking improved activity levels, whilst a number below that means less people going around to buy building supplies in Sydney and across the country thanks to reduced activity. The deviation from the 50 mark also shows how much activity fluctuates.

With a reading of 50.7 at June 2018, the data shows that activity levels still went up, but at the slowest numbers since early in 2017. Though there is some good news, as, in spite of the steep moderation, the activity levels have gone up monthly like clockwork over the time span, Australia’s largest stretch of growth in the history of the PCI measure.

The Ai Group says, however, that commercial construction was still going strong, with its activity growth going up in June, which is reflective of a wide range of projects in that sector either in development or under planning, which include industrial, accommodation and education buildings.

Overall, Australia’s construction sector had a mixed performance, marked by new orders and employment dropping a bit from May. This is notable since construction is one of Australia’s largest employing sectors, alongside healthcare and retail.

The commercial and engineering sectors present marginal growths, with apartment orders falling sharply, though still better when compared from May.

Senior Economist at Australia’s Housing Industry Association (HIA), Shane Garret, says that the residential construction sector slowed down thanks to regulator and government policies, since that particular sector is rather sensitive to such restrictions on foreign investors.

Why Do Bars Offer Happy Hour Promotion In Sukhumvit?

Published by:

Why would someone ask that? This is probably the reason why you’re now starting to read this article. New applications may have popped up nowadays especially when you want to focus on connecting customers with bars during happy hours and promoting new discounts. For many, it might even be a question when the best hour for any day may be. For establishment owners, you will want to create a happy hour to make your business generate more money. The happy hour promotion in Sukhumvit will truly help you get more people coming into your business and possibly have more revenues. Here are the reasons why:

  • Attracting new customers

If you offer a persuasive happy hour, you can have people coming to test your business. Many people want to know the best place they can hang out and surely with adequate discounts in their favourite place, it can be a sure hit.

  • Customer loyalty

It feels really great when a customer gets rewarded for coming to a certain place again and again. So for the regular customers, it’s a chance to show them your appreciation. You can introduce them new products like some cocktails which has never been tried before. You can feature your happy hour promotion in Sukhumvit and make them hooked at these hours.

  • Girls

Yes, I know, but this can be the main reason why your bar can succeed or fail. If you have adequate females working at your bars, guys can decide whether they should come or not. Let’s face the fact that most guys want to buy girls a drink, and that’s can’t happen if they are not there. So to have guys mingling at your bar, you can have a girl drink free happy hour with them.

  • Slow times

There are instances where sales in your establishment are slower and will need an initiative to make it livelier. So why not settle for a happy hour promotion in Sukhumvit for that purpose. Here you can have various people coming in from home or work and having a great drink of beer on your couch.

Thai Cosmetics And Food Industries Targeting Chinese Tourists

Published by:

Thailand is expecting about 11 million Chinese tourists for 2018, a massive increase from 2010’s visits of 1 million, meaning that China is now Thailand’s biggest source of international tourists. Additionally, data from Thai government figures shows that these tourists are spending more per person, which is why the country’s food production and cosmetics industries have aimed their branding in Thailand towards this demographic, with more and more products targeted to these visitors.

This is all on top of the benefits that the country experiences like increased activity for hotels, tour operators and airlines, among others, and the profit is attracting investors, who are now driving up share prices in companies across the country, primarily those concerned with their price-to-earnings ratios. Security analysts, while appreciative of the profits, have pointed out that tourists’ preferences can change very quickly.

One company riding the trend, is Do Day Dream PCL, with their products like the Snail White cream, with their branding in Thailand aimed at Chinese tourists, with Snail White cream, for example, markets itself as being based on a snail secretion filtrate moisture system, which is not something that can be acquired back in mainland China.

The company’s product sales have skyrocketed since 2014, ever since foreign beauty bloggers, particularly those in Hong Kong and Singapore, put their products on the spotlight with rave reviews, according to their Chief Financial Officer Piayawat Ratchapolsitte, with their revenue hitting BT1.7 billion in 2017.

After You, meanwhile, is a popular cafe chain in the Thai capital, with its iconic Shibuya Honey Toast, bread served with ice cream, drawing in Singaporean and Malaysian customers, which was then followed by a tide of Chinese tourists, resulting in the long queue times currently seen in its branches. To capitalize on foreign appeal, the franchise now has ‘durian rooms’ for those that enjoy the fruit, often banned on vehicles and airlines in the region thanks to its smell.

Taokaenoi, a local snack company known for crispy seaweed, has also seen growth. According to Koosoon Rattanaporn, the company’s Head of Investor Relations, 20% of the company’s 2017 profits were domestic sales to tourists, while 60% of the year’s revenue was from exportation, nearly half to China.

Other companies are growing thanks to the Chinese tourist demand, and the economy’s share prices are clearly expecting more, with Do Day Dream’s shares worth 21x the industry average, After You at 79x, and Taokaenoi at 43x. According to CGS-CIMB Securities Thailand analyst, Uraiwan Tantisuwannakul,, this is because these companies are at their growth stage. He adds that domestic consumption has slowed in the past few years, which is why investors are now so willing to pay for shares in firms with plans to appeal to the Chinese demographic.

Japanese Manufacturer Fined For Involvement In Car Parts Cartel

Published by:

Japan’s Yazaki Corporation, an international electrical automotive parts manufacturer, has been fined by the Australian government for a whopping AU$46 million, after being found guilty of running a cartel in parts supplies.Yazaki is one of the largest car parts manufacturers in the world, with a specialization of electrical components, such as electrical cables, dashboard instruments and meters.

The decision vindicates the appeal made by the Australian Competition and Consumer Commission’s (ACCC), who launched a counter-argument against the original fine decided by the Federal Court back in 2017, which amounted to AU$9.5 million.

According to the ACCC, Yazaki and their Australian subsidiary, Australian Arrow, engaged in cartel-like conduct and price fixing, with the primary impact felt by wire harnesses used in manufacturing the Toyota Camry models from 2003 to 2009.

The case against Yazaki was first brought to the Federal Court back in 2012, after it was discovered that Yazaki and Sumitomo Electric Industries, another Japanese company, had come to an agreement  to fix their prices on automotive parts and market shares across the world.

The evidence for the case came from Sumitomo, which cooperated with ACCC for the case. The appeal court’s judges found the two companies guilty, saying that they agreed to respect each other’s incumbency across the world, and set prices that would have their incumbents retain their positions in particular geographic markets across the world. The collusion was deceptive, and included misleading TMC Toyota about the nature of their responses.

Cartel conduct is regarded as the most pernicious, or subtly harmful, breach of competition law, and it is usually done with such discretion that it’s hard to identify, the judges say.

ACCC Chairman Rod Sims spoke on behalf the rest commission, saying that they welcome the verdict. They appealed to the trial judge, believing that the original fine of AU$9.5 million was not enough to deter Yazaki or other businesses in engaging in cartel behavior and operations in the future. The ACCC’s appeal argued that a penalty of between AU$42 million and AU$55 million.

Mr. Sims explains that cartel conduct is illegal not just because it’s cheating, detrimental to consumers and other businesses alike, but also because it can hamper healthy economic growth.

Newest Hotel Openings In Asia Early May 2018

Published by:

Asia’s tourism sector is always changing, with some new development popping up on a regular basis. From a new Yangon hotel in Myanmar, to a new hotel brand setting up shop somewhere in the region, the industry always has something new up its sleeve. Here’s a look at some of the latest hotel openings for the first week of May 2018.

North Gate by Jetwing, Sri Lanka

This new hotel is Jetwing’s second hotel in Jaffna, considered as the capital of the Northern Province of Sri Lanka, and is conveniently located a mere 20m from the Jaffna Railway Station. A 44-room hotel possessing aesthetics inspired by the local culture, also offering the high quality mod cons in every room, like rain showers, and a tea/coffee facility and complimentary mini bar. Other facilities outside each room include restaurants, gym, swimming pool, and others.

Mecure Yangon Kaba Aye, Myanmar

A new Yangon hotel in Myanmar, this property is Mecure’s entry property in the city. Offering 183 rooms and suites, and guestrooms that range from 32m2 to 135m2, all fully furbishes with complimentary kitchenette and separate lounge and dining space. On-site amenities include the MiCasa Restaurant & Bar, open for all-day dining, a 21m lap pool, gym, and function spaces that can hold up to 210 pax. For those with little tykes, there’s also on-site babysitting services available.

Hoshino Resorts OMO7 Asahikawa, Japan

Hoshino Resorts’ first property under their latest brand; OMO, this straightforwardly designed hotel offers 237 compact rooms, complimented by an OMO Cafe &Bar which offers complimentary breakfast, a lobby lounge designed in local Asahikawa aesthetics. For those inclined to read, there’s also a library, designed to resemble a loft.

Grand Hyatt Xi’an, China

A new entry into the historical city of Xi’an, this 396-room hotel is Grand Hyatt’s latest property, with each room features aesthetics akin to a desert mirage. Other amenities include four restaurant and bars, all conveniently located on the 106-m high Sky Bridge that connects this new hotel with the nearby office space. Located as part of the MaikeCenter, the hotel offers a total of 2,134m2 of space for events and functions.

Courtyard by Marriot Iloilo, Philippines

The newest property opening in Iloilo City, this 15-storey property by Marriott under the Courtyard brand offers 324 rooms, alongside other amenities, such as a lobby designed in the “Refreshing Business” style, which feature media mods, free Wi-Fi, and seating areas that ideal for setting up meetings and social gatherings, plus 279m2 worth of meeting space, capable of holding 180 people, for major events and functions. Other facilities in the hotel include a Runway Kitchen, an outdoor swimming pool, guest laundry and a fitness centre.