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scoutshonor56 · 5 years

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American History

Capitalism

To me, capitalism is one of those concepts that, in theory, is sound and based on common sense. After all, at its core it is a monetary system of reward for hard work and initiative, often involving significant risk.

Those willing to dedicate and apply themselves are rewarded proportionally, often leading to advancement, growth and prosperity – sounds fair to me. Certainly everyone, regardless of effort, shouldn’t be rewarded equally. Many folks, myself among them, are pretty much content to hold down a steady job that provides a modest, comfortable income and at the minimum, some type of health care and some basic “bennies”; everyone is different, and this works out well within the system.

The problem starts when this system goes unregulated, and the opportunity becomes not fairly available to all. When over time, this dream becomes a runaway money train with only a small, select group of privileged passengers. In short, unlimited greed while the rest are exploited; the “rest” are left to build the tracks and walk.

So, where did it all begin? Well, here in America anyways; what gave America the template for big corporations and their punitive relationship with their labor force? There are a lot of facets to the horror and history of human slavery in this country, but to be honest, I was surprised to find out that this was one of them. I became aware of this thanks to a recent piece featured in the NY Times, which is running a series of stories this month entitled “The 1619 Project” to mark the 400 year legacy of slavery here in America. It’s quite a lengthy read, so as best I can I will cover the basics, and of course, for the full story in detail you can refer to the article.

To lay the groundwork for this blog:

Did you know almost half of the American population makes under $15/hr? That middle class wages (when adjusted for inflation) have been stagnant since the late ‘70s while CEO wages and benefit packages have increased exponentially to obscene amounts? That the number of Americans receiving food stamps has increased 40% over the last ten years, yet we have over twice as many billionaires? That the richest 1% of America owns 40% of our nation’s wealth, while a larger share of working age people live in poverty here than in any other nation belonging to The Organization for Economic Cooperation and Development (O.E.C.D.)?

This impartial organization also rates its capitalist members in the category of worker rights and how easy it is to fire them. As far as worker’s rights, the U.S. shares second to last place with Malaysia, and out of 71 nations, the O.E.C.D. scores our country #1 in ease of being able to fire workers. In other words, “You’re Fired!” isn’t just our reality show president’s favorite tag line.

So let’s crack open the history book you won’t find in your average school curriculum, because here in America we much prefer our taught legacies with plenty of smoothing out, touching up, masking of flaws, and finishing with a thick, glossy coat of varnish.

There was a time, just before the Civil War, when the Mississippi Valley was home to more millionaires per capita than anywhere else in the United States. Cotton grown and picked by slaves was the nation’s most valuable export, a font of phenomenal wealth. New Orleans suddenly had a denser concentration of banking capital than New York City, and the backbone of all this selective wealth was the thriving slave trade, where the combined value of slaves exceeded that of all our factories and railroads. Can you imagine? An enterprising person with an entrepreneur’s spirit and ambition finding himself in a new world of seemingly endless natural resources, cheap land, and free labor? Its a capitalist’s Disney World of profit, filled with promises of limitless growth.

Well, OK, that was hundreds of years ago – what does that have to do with the workings of large, modern corporations today? Well, other than the obvious Golden Rule of Capitalism: maximum productivity out of your workers while spending the least amount of money on wages, health care and benefits…

Have you ever fired up your PC or laptop at work in the morning only to see yet another memo from management? A memo that came from your “team leader”, who got it from lower management, who got it from mid-level management, who got it from upper management, who got it from regional management, who got it from the “Big Boss”, who first had to get it OK’d by the BIG, BIG Boss? Well there you have it, the inner workings and corporate-like hierarchy of a typical slave labor work force on a typical large plantation.

The owner (or group of owners) supervised a top lawyer, who supervised another lawyer, who supervised an overseer, who supervised multiple bookkeepers, who supervised a group of enslaved head drivers and specialists, who finally supervised hundreds of slaves. Like today, accountability was foremost and strictly adhered to. Laborious and complex spread sheets were developed by hand for the first time in American industry, and volumes of data were kept to breakdown all aspects of bale production. Everything was tracked, recorded, quantified, analyzed, and accounted for, including meticulous record-keeping of a slave’s age, sex, when bought, performance, expected productivity over the years, potential value, breeding history, etc.

Sound familiar yet?

Who hasn’t endured the sweat inducing “performance review”, where you are essentially forced to appear before the low-end management judge to plead for your job, bringing evidence of your worthiness to the company? You may want to feel lucky that today you might get an upbraiding, maybe a negative mark that will go on your record. The poor black slave was faced with walking that fine line of performance, where his production must be maintained at a level of competence and profitability without being too much of a pacesetter in the fields; that not only got his fellow workers a cruel beating, but himself included if he (or she) didn’t maintain that level every day.

More than once over the years, when reading about the millionaires through our history, the billionaires and mega-billionaires of today, I’ve pondered the question: when is enough, enough? Is there even such a thing as “enough”? Is there ever a point where you sit back, think about throwing in your cards and spending the rest of your life enjoying your bottomless bank account and investments?

Kind of a moot point. A person who had a single billion dollars at their disposal today would have to spend $40 million a year for 25 years before they ran short of cash; which would mean burning through $3 million a month, or over $100K a day. And that’s just a single billion… I recently read an article that shed some light, or clarity onto this supposition, and according to the author, at some arbitrary point it does become no longer about money. It becomes all about power and position among your peers. Your image, your perceived position in this exclusive pack – who are the big dogs at the front of the sled.

My apologies if you find this all too unsettling, or uncomfortable; in which case feel free to refer to one of those Board of Education sanctioned history books where you can read the softer, more palatable version: how white Europeans came over to the New World, claimed it theirs (in the name of Manifest Destiny), got rid of those indigenous savage heathens who were ignorant of the one true god and didn’t know how to exploit the land properly anyways, and soon began shipping over the “darkies” from Africa to give them a much more fulfilling life on our cotton and sugar plantations, where they could contently live out their lives singing happy spiritual songs in the fields and enjoying a higher standard of living, thanks to the largess and Christian charity of “the masta’”. For those interested in the harsh truth, you can check out all of the chapters in this series so far at The 1619 Project.

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rolandfontana · 5 years

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Who Owns Your China/Thailand/Taiwan/Vietnam/Indonesia/Malaysia/Mexico/Turkey/Cambodia Factory and Why it Really Matters

At least once a month someone will tell one of our China manufacturing lawyers that they don’t need a China-centric contract with their China-based manufacturer because their China-based manufacturer is owned by an American or a European company. To which we always say, “no it isn’t.”

How do we know this? Because no American or European or Australian company (or any other non-Chinese company) can own a Chinese factory directly. It is possible for an American or European or Australian company to own a Chinese company (a WFOE maybe or a China Joint Venture) that in turns owns a Chinese factory, but the odds of this are really slim. I don’t believe any of our China lawyers have ever encountered a foreign company that owns a Chinese company that owns a Chinese factory that does contract manufacturing for third party companies. Something like this is possible, but it is extremely rare.

So what does it mean when a foreign company claims to own the Chinese factory from which it is trying to get you to place your orders? This pretty much can mean one of the following two things:

1. The foreign company that claims to own a Chinese factory is flat out lying. It is amazing how often our China manufacturing attorneys see this and when I say “see this” I mean the foreign company puts in writing “that your products will be made by factories we own in China.” If you see this, you probably should run away. Or maybe you stay and if you ever have a problem you see the foreign company for misrepresentation. Our international litigators have done that and gotten some pretty large settlements.

2. The foreign company is fudging the truth. A lot. This occurs when the foreign company speaks of having your products made by “our factories” in China. If you push them on what they mean by “our factories,” they will usually state that these are factories with which they have worked for many years and know well and trust.

Why though does any of this matter? As someone whose law firm has been involved in many lawsuits on this one issue, let me tell you that it matters a lot. It matters because companies that believe they are buying their products from an American or European or Australian company (hereafter referred to as the are generally going to be willing to pay more for the “safety” that comes from doing business with an American/European/Australian company and they also are likely to be much less careful about the contract they sign and about protecting their IP.

What instead ends up happening is that the foreign company enters into a contract with an American/European/Australian company with no legal connection with the Chinese manufacturer making their products. The buyer has no contract with its Chinese manufacturer mandating that Chinese manufacturer deliver quality products on time and at a certain price and no contract with its Chinese manufacturer prohibiting the Chinese manufacturer from using its IP or from selling your product to your customers.

Almost invariably, if you give this sort of tripartite relationship 6-12 months, you will have problems that are extremely difficult or even impossible to solve.

In China Sourcing: Does Your Sales Contact Really Work At The Factory? Renaud Anjoran wrote of the importance of making sure you know who actually owns the factory in which you will be having your products made. In his post Renaud focuses on another very common type of situation where the foreign buyer ends up not knowing who the owner of its manufacturer actually is and ends up dealing with a non-owner. Per Renaud (and also what our China manufacturing lawyers have so often seen), the following is common:

The purchaser researches Alibaba and has about an 80% chance of ending up with a trading company.

The sales contact person keeps saying he/she works “at the factory”, but they don’t.

The supplier’s company name (which will receive the payment) is that of the trading company. It usually doesn’t include the words “Trading” or “Import & Export”. (They still do NOT look like a manufacturer’s company name, but foreign buyers seldom know that.) Alternatively, that company is in Hong Kong or Taiwan and is presented as “the factory’s sales office, for greater convenience”.

The purchaser does not research and is misled all along.

The situation often becomes clear when things have gone wrong… and the whole supply chain needs to be re-built.

In the last year, with so many foreign companies moving their manufacturing from China to places like Taiwan, Thailand, Vietnam, Malaysia, Pakistan, and Mexico, among other places, we are seeing this same sort of deception again, but with a new twist. This time around, about 80 percent of the time it is a Chinese company that is claiming to own the factory in some foreign company and it usually insists that because of that there is no need even for a new contract. But we are finding — so far, without a single exception — that the Chinese company with which our client had a contract for manufacturing in China does not directly own the factory in the country in which it claims to be doing its manufacturing. In other words, the existing contract will be nearly 100% worthless for protecting your company when manufacturing in that third country.

The bottom line is that if you are going to have your products made in Thailand or Vietnam, it will almost always (but not always) make sense for you to have your contract with the company that will be making your products in Thailand or Vietnam and to have thatt contract written for Thailand or Vietnam pursuant to Thai or Vietnamese law. The same holds true for Taiwan, Malaysia, Indonesia, or wherever. If your contracts is not with the actual owner of the factory in which your products will be made and tailored to the country in which you are manufacturing, you are asking for trouble. See Manufacturing Contracts When Manufacturing in Multiple Countries.

For more on moving your manufacturing from China, check out the following:

1. Articles on deciding whether to move your manufacturing from China and to where.

Moving Supply Chains From China to Southeast Asia/South Asia: It’s Not as Easy as it Looks

Moving Manufacturing from China: Where you Gonna Run?

Manufacturing Outside China: It’s Thailand’s Time / Manufacturing Outside China: It’s Thailand’s Time, Part 2

China vs. Thailand for Manufacturing and a 10+ Year Old Showdown

The US-China Future: Meet Vietnam, Thailand, Mexico, Malaysia, Turkey, and the Philippines

China, Vietnam, Thailand and Spain: What Would Goldilocks do?

Nike Likes Manufacturing Outside China and You Should Too

How to Stop Manufacturing in China: Try Harder

Moving Your Manufacturing Out of China: The Initial Decisions

Has Sourcing Product From China Become TOO Risky?

Complicated Trade Relationships: Dig In or Diversify? Probably Both.

US-China Tariff Updates: What You Can (and Should NOT) do NOW

Who Pays the Tariffs on China Imports? President Trump vs. CNN and What YOU Can do NOW to Reduce Your China Prices

Today’s 25% Tariffs Against China Products: A Roadmap on What YOU Should do Now

The US-China Cold War Starts Now: What You Must do to Prepare

The US-China Trade War: Winter is Coming

Reducing China Exposure by “Making Taiwan Great Again”

China Manufacturing: Is the Bloom now Off That Rose?

The China-US Trade War and the Winner is….MEXICO

Would the Last Company Manufacturing in China Please Turn Off the Lights

Would the Last Foreign Company in China Please Turn Off the Lights: A Sort of Part 2

Would the Last Company Manufacturing in China Please Turn Off the Lights, Part 3

Outsourced Product Manufacturing: Large Company Advantages

On the Benefits of Country Diversity and Not Just China

How To Find the Best Asia Factories

China or Vietnam for Product Sourcing?

How to Leave China AND Survive

Doing Business in Burma/Myanmar: An On the Ground Report

Overseas Product Sourcing: Being There

2. Articles on what you should be doing to protect your company when moving your manufacturing from China:

Do I Have a Good Lawsuit Against this Company in China, Vietnam, Thailand, India, Malaysia, Cambodia?

Good Contracts are Key, Corruption be Damned

Overseas Manufacturing and Clearly Defined Product Specifications

Manufacturing Contracts When Manufacturing in Multiple Countries

How YOU Can Avoid Problems when Manufacturing Overseas

How to Protect Your Molds When Manufacturing Overseas

International Manufacturing Contracts: Why Templates are a No-Go

How to Move Your Manufacturing from China AND Protect Your IP

Manufacturing Outside China: Why Bother with a Contract?

How NOT to Lose Your Shirt When Having Your Product Made Overseas: Starting Out

How NOT to Lose Your Shirt When Having Your Product Made Overseas, Part 2: Product Development Agreements

How NOT to Lose Your Shirt When Having Your Product Made Overseas, Part 3: What Makes Sense for you is What Makes Sense for YOU

How NOT to Lose Your Shirt When Having Your Product Made Overseas, Part 4: Product Samples Will NOT Protect You

I apologize for just “dumping” so many articles on you, but I have done so because our international manufacturing lawyers are constantly getting asked “what should I be reading on moving our manufacturing out of China” and I just really wanted to get these various articles in one place. I do not suggest you read all of them, but I would appreciate any feedback on them!

Who Owns Your China/Thailand/Taiwan/Vietnam/Indonesia/Malaysia/Mexico/Turkey/Cambodia Factory and Why it Really Matters syndicated from https://immigrationattorneyto.wordpress.com/

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bookmax04 · 3 years

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The law firm with its three partners has a divergent professional service profile receiving their education, training and practice in Australia, United Kingdom and Malaysia.

Our focus legal practice areas are in :

Land and Property conveyance acting for Vendors, Purchasers, Bankers and Developers;

drafting wills, applying for probate in courts; resealing of grant

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kerahlekung · 5 years

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Luck might be running out for chubby Jho...

Luck might be running out for chubby Jho... .

But It Would Spell Trouble

For Ex-PM Najib Razak...

What former Inspector-General of Police (IGP) Mohamad Fuzi Harun could not do in 1 year since the new government took over, it seems the new IGP Abdul Hamid Bador could probably do in 1 month. The new police chief has just dropped the strongest hint that luck might be running out for chubby Jho Low, the partner-in-crime of former Prime Minister Najib Razak. During a police programme at the Taman Tun Dr Ismail Bazaar Ramadan on Thursday (May 30), IGP Hamid Bador was asked about the status of Jho Low whose full name is Low Taek Jho. Hamid Bador, who took over as the new police chief from Fuzi Harun on May 1, said – “Insya-Allah (God willing), when I say we are sure of bringing him back soon, it means soon.” But was IGP Bador, like his predecessor Fuzi, blowing hot air just to boost his popularity? After all, there had been too many false starts – fake promises even – from the Royal Malaysia Police under the previous leadership of Fuzi, one of 17,000 political appointees of the previous corrupt regime of Najib Razak. Mr. Fuzi went on compulsory retirement from May. Mr. Fuzi was so controversial that PM Mahathir had to assure the public that the new IGP (Bador) will conduct the investigation into allegations that the Special Branch was behind the kidnapping or abduction of Pastor Raymond Koh and a social activist Amri Che Mat. Fuzi was the Special Branch director at the time of the disappearance of the two men in 2017 and 2016 respectively. Mohamad Fuzi Harun, during his tenure as the head of the Royal Malaysia Police, one of the most corrupt institutions in the country, was largely condemned for protecting his crooked boss – PM Najib Razak. His loyalty to Najib was proven when he declared in March 2018 (2 months before Najib regime collapsed) that there was no link between Jho Low and 1MDB scandal.

IGP Abdul Hamid Bador

The disgraced Fuzi said – “Based on the investigation, Low never worked for the company nor did he make any business decision for the company. All business decisions were made by the 1MDB board of directors.” He also defended Najib from the 1MDB scandal, claiming that the seizure of the Equanimity yacht in Bali was merely a civil forfeiture against Low and not against 1MDB. For almost his entire life as the country’s police chief, Mohamad Fuzi Harun had never been serious about apprehending Jho Low. Even after Najib and his Barisan Nasional government lost everything in the last May general election, Fuzi had continued singing the same old song – that Jho Low had yet to be found and efforts to locate him were still underway. Last week, IGP Bador revealed that his boys have obtained new leads of Jho Low’s whereabouts, thus promising that the police would do their best to bring the fugitive back home to assist investigations in the 1MDB scandal. The police chief, in urging Jho Low to surrender, has promised to guarantee the safety of the fugitive and his family – if they come back to Malaysia. Mr. Bador said – “I encourage them (Jho Low and his accomplices) to come back and don’t waste our time, for they can’t run forever. We have laws, so return. Do not only issue statements remotely through lawyers, denying this and that. Why does he himself not return here? I give my assurance of safety for his family and himself. Come back and face the law.” The police also exposed that besides Jho Low, the authorities are also trying to bring the fugitive’s 6 right-hand men out from hiding. In what appeared to be a message to Jho Low that the authorities were not bluffing and knew more than he thought, the top cop said Jho Low’s move to hide behind his lawyers in Macau and Hong Kong when making statements is nothing short of cowardice.

Fugitive Jho Low

Abdul Hamid Bador’s performance so far in tracking down Jho Low has been positive and commendable. At least, he has been proactive hunting the fugitive, unlike his predecessor Mohamad Fuzi Harun. However, many aren’t sure the police can be trusted, not to mention it was strategically dumb to raise the alarm before Jho Low is arrested for real. But Hamid Bador’s assurance of safety for Jho Low and his family suggests that certain “hidden hands” are out to “silence” him from testifying against Najib Razak. After all, Mongolian Altantuya Shariibuu was killed and her body was exterminated with military grade C4 explosive during Najib’s scandal involving the controversial purchase of French Scorpene submarines. Jho Low looks like a man who still treasures family dignity, or whatever little left of it. He is believed to have had siphoned billions of dollars from 1MDB. He can absolutely live comfortably for the rest of his life, even as a fugitive. Yet, he is fighting to get back a three-storey house in Tanjung Bungah Park in Penang, the RM15 million properties seized by the authorities under AMLA law. “My parents worked tirelessly for many decades to provide their children with a safe, comfortable upbringing. Before I was born, my mother enjoyed good success in her investments. It is thanks to these prudent decisions that they were not only able to purchase and build 69, Tanjung Bungah Park, but also selflessly donate to and support their local communities for decades similar to my late grandfather,” – said Jho Low. Clearly, there were some family heritage and sentimental values in the house that the 37-year-old Penangite would like to preserve. And this could be his Achilles’ heel. Besides, it’s not a long-term solution moving between hotel suites and luxury apartments around Shanghai, Hong Kong and Macau, especially with his wife and the need to provide a normal life for his two children.

Najib - Jho Low and Nik Faisal scam me...

What is still unknown is the secret deal behind the closed doors struck between both governments of Malaysia and China after the re-negotiation of the East Coast Rail Link (ECRL) and the revival of Bandar Malaysia mega projects. As Mahathir throws more supports behind Beijing, the latest being Huawei, it’s a matter of time before Jho Low loses the protection altogether. But if it’s true that IGP Hamid Bador is moving closer to detaining the country’s most wanted fugitive, it would mean serious trouble for Najib Razak. With nowhere to hide, the former premier’s hotshot lawyer, Shafee Abdullah, has thrown Jho Low and Joanna Yu, Najib’s relationship liaison manager at Ambank, under the bus – blaming the duo as the real culprits and criminals. Attorney Shafee declared in court – “My client does not deal with his account himself. He was misled and is a victim.” The strategy was to lead the court into believing that fugitive Jho Low was the mastermind who had allegedly scammed and misled Najib Razak. Najib’s lawyer has also accused Nik Faisal Ariff Kamil (former CEO of SRC International) of conspiring against his client. In exchange for his extremely damaging testimony against Najib, and the returns of tens of billions of Ringgit, Jho Low might be required to serve between 1 to 3 years imprisonment. That is still a good deal since he can live a free life with his family thereafter, not to mention a very comfortable lifestyle as he would definitely hide some money elsewhere for retirement. Hamid Bador has very little reason to win the popularity contest. He despised Najib’s 1MDB scandal from the beginning and as a result, he was transferred out of Special Branch as deputy chief. He had chosen early retirement in 2015 instead, until Mahathir got him installed as the country’s police chief early this month. He also knew people were fast losing patience after tons of broken promises from the police. Therefore, for the IGP to confidently tell all and sundry that Jho Low is expected to be detained soon, it carries weight. One has to remember that Hamid Bador was the second man in the Special Branch, the intelligence agency attached to the Royal Malaysia Police. And there’s a reason why Najib had not dared fire him, but instead transferred him to the Prime Minister’s Office. Like it or not, Bador is the best bet to bring Jho Low in. - FT

Duit raya peneroka FELDA...

Apabila Azmin Ali kata tidak ada duit raya untuk peneroka Felda hati kecil saya sudah tidak percaya apa dikata Azmin itu. Dengan mengambil pengalaman cara dia berpolitik saya sudah mengagak apa yang ada disebalik tabir. Lebih kukuh lagi apabila Mahathir suruh tanya Azmin bab duit raya itu. Ia makin jelas apa yang akan berlaku. Azmin sengaja test market. Ditambah pula dengan rayuan bersurat oleh Mazlan Aliman yang meminta wang raya untuk peneroka Felda.

Dan akhirnya peneroka dapat wang raya RM300 seorang. Kesimpulannya disini boleh difahami begitulah cara Azmin berpolitik. Ada nilai tambah untuknya disebalik apa yang berlaku itu. Mazlan juga boleh tumpang semangkok kononnya rayuan dialah membuka hati Azmin untuk bagi duit raya kepada peneroka. Tetapi dalam hal ini kesediaan Azmin menyediakan peruntukkan untuk peneroka itu sedikit sebanyak kerana ada campur tangan Anwar Ibrahim juga. Apa pun bermainlah politik jenis apa pun asalkan ia memberi laba kepada rakyat. - MSO

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Anakku Sazali...

1. Pesan orang tua - tua , 'Jika Nak Melentur Buluh Biarlah Dari Rebungnya’. 2. Begitu juga perumpamaan Melayu yang ada kaitan: - ‘Bagaimana Acuan Begitulah Kuihnya’. 3. Kita juga sering dengar pepatah ini - ‘Ke Mana Tumpah Lauk Jika Tidak Ke Nasi’. 4. Kesimpulannya , ibu bapa adalah guru pertama yang mendidik dan membentuk kelakuan dan adab sopan anak-anak. 5. Jika ada sikap biadab dan tidak mempunyai budi pekerti dan akhlak yang baik yang dipamerkan oleh anak - anak, maka ia adalah bayangan dari cermin yang dilihat daripada ibu bapa mereka. 6. Lakunan P Ramlee (Alfatihah) dalam filem berjodol ' Anak Ku Sazali ' yang ditayangkan dalam tahun 1956 , iaitu setahun sebelum Merdeka , memberi ingatan dan peringatan kepada kita betapa bahayanya memanjakan anak - anak terlampau berlebihan. 7. Lupakah akan pesanan datuk nenek kita dahulu yang berbunyi, 'Sayang Anak Tangan - Tangankan’. 8. P Ramlee yang memainkan 2 watak , Hassan sebagai ayah dan Sazali sebagai anak dalam filem tersebut telah menyedarkan kita sebagai ibu bapa yang dipertanggungjawabkan mencorak dan membimbing anak - anak dengan sempurna dari awal lagi. 9. Semoga di dalam Bulan Ramadhan ini kita berusaha membaiki diri dan memperbaiki anak - anak yang lupa diri ; ini termasuklah Sultan - Sultan dan keluarga mereka. 10. Mungkin oleh kerana kurang diajar dengan sempurna dari segi akhlak dan budi pekerti yang baik termasuk menghormati rakyat terutama sekali menghormati pemimpin rakyat sama ada Perdana Menteri maupun Menteri Besar, maka rakyat kini melihat telatah Ismail, anak Sultan Johor yang amat celupar dan biadab. 11. Oleh kerana itulah akhirnya Perdana Menteri sendiri menggelarkannya sebagai ‘Young Boy , He Is Stupid ' atau dalam bahasa Melayu 'Budak Kecil , Dia Tu Bodoh'. 12. Ada juga ejekan di kalangan rakyat Johor terhadap beliau sebagai ‘Stupid Shortie ' atau 'Budak Pendek Bodoh’.

13. Jika dibandingkan dengan anak - anak Sultan lain , beliau langsung tidak mencerminkan sebagai ahli keluarga bangsawan yang boleh dihormati ; berkelakuan buruk tak ubah seperti budak yang terancat akal. 14. Apakah beliau sudah merasa hebat dengan jambang dan uniform askar yang dipakai itu? 15. Sebenarnya beliau sedang berusaha menutup kegagalannya dalam mata pelajaran. 16. Difahamkan seperti bapanya , beliau juga gagal mendapat kelulusan Sijil Pelajaran Rendah atau LCE. 17. Bagi menyelamatkan keadaan, beliau telah dimasukan ke Pusat Latihan Tentera di India pada awal umur dan oleh kerana beliau bukan rakyat India serta bagi menghormati datuknya yang ketika itu Sultan Johor, beliau telah dianugerahkan pangkat Kapten Kehormat ; ini berbeza dengan pangkat Kapten sebenar. 18. Kini beliau menggelarkan diri dan memakai uniform dan bintang sebagai Major General dengan jumlah Askar Setia Timbalan atau Johor Military Force tak lebih 200 anggota sahaja. 19. Sudah sampai masanya Kerajaan khasnya Kementerian Pertahanan mengkaji dan jika ada asas kukuh, mengisytiharkan apa yang dilakuan oleh budak ini adalah bertentangan dengan aturan peraturan ketenteraan - ini bagi menjaga imej Angkatan Tentera agar tidak terus dicemari. 20. Jika sifat dan perangai celupar, biadab, samseng dan kurang ajar ini gagal diperbaiki ia bukan sahaja memalukan rakyat dan negeri Johor malah ia pasti akan merugikan keseluruhan Institusi Raja Berperlembagaan itu sendiri. 21. Jangan biarkan setitik nila merosakan susu sebelanga. 22. Adalah lebih baik bertindak terhadap seekor kerbau yang sudah terpalit lumpur bagi menjaga keharmonian dan nama baik sebuah kampung. 23. Semoga kita dan Sultan di beri petunjuk di hari yang mulai ini,selamat berpuasa. - Tamrin Tun Ghafar

Dr.M kata Malaysia akan guna juga Huawei sebab negara kita

takdak benda pun yang nak disorok...

Dulu kebai. Sekarang bebai...

Atok dah balik...

cheers.

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risprinabeachw-blog · 5 years

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Kashmiri matchmaking

Horoscope Matching, Kundali Matching for Brahmin Kashmiri Pandit Matches Another group does the blending, boiling and frying. Be prepared to learn by heart and perform the rigorous and strict norms of religious ceremonies, before, after and in between any given occasion. See how the sunlight blinds you when it touches his face! The description and keywords of Kashmirishaadi were last changed more than a year ago. Omaira and Mohsina met only a few months ago and struck up a good rapport, given that they are of a similar age. One type of Kashmiri wazwan by Shonaly Muthalaly Reprinted from TheHindu. All of them then offer prayers before settling down to endless rounds of tea, and conversations about life, death, love and everything in between. April 14, 2017 Kashmiri Matrimonials - No 1 for Kashmiri Matrimony, Marriage and Indian Matrimonials.

Horoscope Matching, Kundali Matching for Brahmin Kashmiri Pandit Matches Delectably spongy paneer in a rich tomato sauce. Shahid Mir, brother of the bride Shaila, explains it, as he walks us around the quaint kitchen-tent, which bustles with activity — hoards of oversized furiously bubbling pots, crackling wood-fires and about ten cooks preparing the meal with the kind of regimental precision, poise and co-ordination that can only come from having done this hundreds of times before. When you are in quest of , Matchfinder can help to find your soulmate. We take immense pride in serving our valuable members and have never disappointed. April 09, 2011 Kashmiri Matrimonial - Marriage - Kashmiri Matrimony - KashmiriShaadi. Then they started staying indoors and made themselves appear more conservative to blend in.

com-k2.ru is worth $5,522 USD If you are exploring best marriage sites in India, you have landed on the right portal. This fact is evident from our track record over the years. Gushtaba, soft mutton meatballs cooked in a gravy of fresh curd, end the meal. We collected the majority of metadata history records for Kashmirishaadi. To really enjoy the nuances and flavours of every course, guests are equipped with bags, so they just pack up the excess food and take it home. Both she and Mohsina have tried to get a job at a parlour, but nobody was willing to hire them.

13 Things You Love And Hate When Your Beau Is A Kashmiri She lets me out when my father and brother are not home, and makes excuses for me all the time. October 20, 2012 Kashmiri Shaadi - No 1 Site for Kashmiri Matrimonials, Matrimony and Marriage from Shaadi. He will always have a lot of chicas around checking him out despite you being right there. Friday is the only day they get to meet. Like the conductor of an orchestra, the head cook directs and guides the team. She says her friends on Facebook have asked her to go to the city and try her luck.

Once Popular Matchmakers, Kashmir's Transgender People Continue to Struggle for Equality Preparing wazwan for a Kashmiri wedding The women sit in a circle singing beguiling folk songs, steadily working their way through baskets piled high with the leaves. With no policies to safeguard their rights, education or employment, matchmaking and performing at weddings has been their main livelihood. All this time it was owned by Anand Mittal of People Interactive I Pvt. Join our friendly website and browse through the millions of profiles of different religion, state, countries and community. It is not available to common public thus no issues of meeting wrong or false profiles. Best Proposals Available of Matchmaking for Marriage Tages: Kashmiri Family, Kashmiri Family Rishtey, Kashmiri Family Rishta Service, Kashmiri Family Proposals, Male Kashmiri Proposals, Female Kashmiri Proposals, Kashmiri Rishtey, Marriage Bureau, Matrimonial Services, Rishta Service, Matrimonial Site, Matchmaking, Match Making, Dulha, Dulhan, Grooms, Brides, Proposals, Male Proposals, Female Proposals, Rishtey, Life Partner, Larka Larki Boy, Girl,.

Kashmiri Brides Girls Matrimonials Come now and join us, make you free profile and find your soulmate! A wedding meal may have anywhere from 24 to 40 courses! He is the living ad of the loveliest and fairest of all fairness cream! Some of them were even killed. Even a witch may be embarrassed and consider plastic surgery. With 24 courses on the day of the wedding, this is — of course — far more than most people can comfortably eat. Omaira did not have much option but to quit school after qualifying for the 10th grade. In September 2014, after the Supreme Court ruled in favour of recognising the third gender, the Jammu and Kashmir government formed a high-level panel headed by the chief secretary to formulate policies for the welfare of transgender people in the state.

Kashmiri Family Proposals There are so many features, which make this website user friendly. Kashmirishaadi has a decent Google pagerank and bad results in terms of Yandex topical citation index. Over the time it has been ranked as high as 1 439 099 in the world, while most of its traffic comes from India, where it reached as high as 109 529 position. . When you are in quest of bride for marriage, can help to find your soulmate.

Jammu & Kashmir Matrimony The boys in the family do all the carrying and serving, so one of the cousins sets down the tash-t-nari, a quaint silver basin accompanied by a jug straight out of Arabian nights so we can wash our hands. As the tempting scents of smoky kebabs, spice-laden curries and smoking-hot ghee begin to weave their way across the garden, we sit down for our first wazwan experience. Never would you ever feel so low about yourself and go in a depression! We have easy to navigate categories of countries, state, community, religion and caste. The mathematics is precise and has to be adhered to, following tradition. A spread of Kashmiri wazwan dishes.

Pakistan Marriage, Pakistani Matrimony, Pakistan Rishta, Pakistani Matchmaker, Pakistani Brides, Pakistani Marriage Bureau, Pakistani Grooms in USA, UK, UAE, Qatar, Pakistan, Saudi Arab, Oman, Bahrain, Singapore, Australia, Canada, Italy, Kuwait, Malaysia, Japan, South Africa, Norway, Switzerland, Finland, Belgium, Sweden, Austria and Denmark. We are offering Punjabi Rishta, Sindhi Rishta, Pashto Rishta, Muslim Rishta, Shia Rishta, Sunni Rishta, Pathan Rishta, Urdu Rishta, Hindko Rishta, Seraiki Rishta, Syed Rishta, Shina Rishta, Muhajir Rishta, Behari Rishta, Hindu Rishta, Sikh Rishta, Lawyer Rishta, Syed Rishta, Non Writing down the details of a client. Omaira hopes to work as a beautician in Mumbai some day. The largest Kashmiri Matrimonial Website with 1000s of successful Marriages, Shaadi is trusted by over 20 million for Matrimony. Submit biodata to contact profiles on our Matchfinder matrimonial instantly. We need to do better than that.

#Kashmiri

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automaticduckearthquake-blog · 6 years

Text

Truuuely salvaged by the threatening landlord – Scary rental scams Story

There are always two sides to a story. We pride ourselves to be unbiased, tailored and about U, U and U!

By that virtue, like the landlords, we are trusted by many in the Renters cohort as well.

Launching our Halloween series of Scary Landlords featuring real experience as shared with us by people who live on rent in Singapore!

The Threatening Landlord

“There will be consequences if you cannot pay on time.”

Excerpt from the interview with Jennifer Koh.

Jennifer – I have been to Singapore many times on business trips since the company I work for is headquartered here. When they asked me to stay and work here for the extended duration, I was pleasantly surprised and readily accepted the offer. I was quite excited to stay independently and yet not too far away from my home in Malaysia.

Since my office is in Paya Lebar, I was suggested by one of my colleagues to get a place nearby and I quickly rented an HDB in Eunos that was within my budget and yet quite close to the work location.

Truuue – What kind of problems you had?

Jennifer – I was not quite aware of the renting terms and conditions and had no time to focus on the nitty-gritty when I relocated. There was a standard Tenancy Agreement (TA) that was prepared before I moved into the place and I managed to meet the landlord just once when he handed over the keys. He seemed quite friendly and helpful. He even offered me a lift to my office when he heard that I would be going to the office after taking the house keys from him.

Truuue – So there were no issues in the beginning. When did it start?

Jennifer – No issues at all! I was quite happy and had no doubt that everything would be great.

The problem started when I was asked to pay my rent in advance by the end of the month. I moved in on 5th of a month and in my TA it was mentioned that I should be paying my rent on the 5th day of each calendar month.

However, by month end, I received a call from my landlord who asked me to pay the next month’s rent without a miss on the same day or next to avoid any issues. Nothing stuck me and I agreed to pay him but was a bit offended by the tone of his voice. Later that day when I spoke to my office colleagues about it, they asked me to check the TA and then I realized that my landlord’s demand was completely unlawful.

I called him back to remind him about the TA and that was when he got abusive and started shouting at me. I was in tears and immediately disconnected the phone. But he called again and again till I answered his call after sometime. He told me that he could throw me out of the house and charge me penalties for not paying him on time. He even went to extent of reminding me that he knows where I work and he can come to my office and talk to the company if I am not willing to follow his terms.

Truuue – How this got resolved?

Jennifer – Not easily. I had to tell my father and ask for help. Luckily his friend is a lawyer in Singapore. I was scared and I already paid but did not want to extend my stay in that place for one more day.

I moved out and started staying with one of my friends. In the meanwhile, my father’s friend had a chat with my landlord. This discussion went on for a few days and after that, I was told I could move out completely without any problem.

Still, I lost nearly $1000 from the advanced deposit, I never received the complete money in return.

Truuue – This was quite an unfortunate incident. Would you like our team to monitor the public listings and provide you with the best match within your budget and area preference? You may chat ‘privately’ before viewing the property and even withheld your identity until you are confident enough. All this is free. You may go ahead and splurge on the rent if you wish and are confident.

Jennifer – Yes! Yes! Yes!

If only I found you earlier Truuue, I could have easily avoided this traumatic experience!!

At Truuue we are committed to delivering the best experience suited for both landlord and tenant. We care about all the parties in the property transaction; we always aim for the WIN-WIN outcome. As you are reading this, our team is working relentlessly to find a suitable solution for these issues. To know more about our mission, follow us and download our app. Enjoy peace of mind for your next rental!

Original Content available at https://blog.truuue.com

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naomileeblog-blog1 · 6 years

Text

Truuuely salvaged by the threatening landlord – Scary rental scams Story 1

There are always two sides to a story. We pride ourselves to be unbiased, tailored and about U, U and U!

By that virtue, like the landlords, we are trusted by many in the Renters cohort as well.

Launching our Halloween series of Scary Landlords featuring real experience as shared with us by people who live on rent in Singapore!

The Threatening Landlord

“There will be consequences if you cannot pay on time.”

Excerpt from the interview with Jennifer Koh.

Truuue – What kind of problems you had?

Truuue – So there were no issues in the beginning. When did it start?

Jennifer – No issues at all! I was quite happy and had no doubt that everything would be great.

Truuue – How this got resolved?

Still, I lost nearly $1000 from the advanced deposit, I never received the complete money in return.

Jennifer – Yes! Yes! Yes!

If only I found you earlier Truuue, I could have easily avoided this traumatic experience!!

Original content is available here- https://blog.truuue.com/truuuely-salvaged-by-the-threatening-landlord-scary-rental-scams-story-1/

0 notes

colorfulsuitdestiny-blog · 6 years

Text

hth travel insurance quote

"hth travel insurance quote

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I am getting my g2 (I'm in Ontario) soon, and would like to purchase my own car. I can go through my parents insurance, but I couldn't be a secondary driver as there would be 3 cars in the house. Could I put it under my grandfathers name and be a secondary driver? Or just get insurance by myself? How much should I expect to pay? I have done drivers ed if that helps. Thanks !""

Will my insurance rates go up?

My daughter who is 16 yrs old tapped a car from behind at a stop sign. There was no damage done to either car and no injuries. The guy said he was not going to do anything about it since there was no damages. My daughter gave him her information (insurance etc). I called the guy to make sure everything was ok, he said nothing happened to his car or himself but he went ahead and opened a claim because he thought he had to do that. I know that if he decides to ask for damages the insurance will pay. My question to you is if he decides not to ask for damages, will my insurance still go up and will she get points in her driver's license. Also, I'd like to add that we live in California. I have not talked to my insurance (AAA) yet. Thank you""

Does wreckless driving increase your insurance cost?

my friend was donutting

Will my auto insurance rates go up if I get a red light camera ticket?

This is my first red light camera ticket but my second ticket this year. The first one was a speeding ticket. Will my auto insurance rates go up for a red light ticket?

Health Insurance?!?!?

I am having to get my own health insurance for the first time. Can someone help me figure all of this out? What should I be looking for? I am young and healthy, so I would not like to pay that much, but I would like to feel confidant in my coverage. Also, I will need dental coverage-any info there?? Thanks so much!""

My car insurance has been cancelled?

i need to know if i have to pay more or is the same amount in my billing if i pay for it this is for a car insurance the insurance company is aig

Driving school and car insurance?

does going to driver's ed help you get better or cheaper car insurance?

How much will insurance be for the smart car that will be released in 2008 in the usa?

will there be a big from the other cars?

Where can I find Health insurance providers?

I am looking to buy a temporary health insurance. I am a student and need this health insurance for only 3 months. Do you know any reliable, health insurance providers that could help me with this? If you could please provide a website or a phone I would really appreciate it! Thank You""

I just found out i'm pregnant & i currently have no insurance?

i'd just like to know what options i have , im from california. I havent gone in for any pre-natal checkup yet but would like to soon. im about a month or so along.""

Life insurance pay question.?

If you died while committing a crime (not suicide) would the insurance company pay out?

What happens if your auto insurance gets canceled because you couldn't make the payment?

I have Esurance and I live in Florida where it is required to have car insurance. The policy is for 2 cars (mine & my husbands) and I can't afford the payment of $460 right now, which is due on the 13th, otherwise, they will cancel my policy. They can't give me any extensions. What happens if the policy gets canceled? How hard is it to reactivate it again? Is it harmful go have a lapse in coverage for a week or two (hoping of course that there are no accidents during this time). Both cars are financed and the finance companies require insurance as well... How bad will this screw me up? Has this happened to anyone? What did you do? Any advice would be great, and please don't tell me to just pay the bill, because I can't right now and it really sucks. I hate being broke.""

hth travel insurance quote

I need help choosing my first car. Mustang vs Mustang vs MINI?

I will be buying my first car soon and I have a few choices to pick from. I'll have to pay for everything myself (insurance, fuel, maintenance, etc.). I'm trying to narrow my choices by choosing between a 2005 Mustang v6 (has 50k miles and is an auto :c) and a 2004 Mustang v6 (has 80K miles and is a manual c:). I found both of these cars at an auction site I'll be going to with my father next week (he's mechanically inclined lol truck driver) and I'm nervous since it's likely I won't be able to check for many issues other then auto check. I don't need much power so I don't mind having a v6 (because I'll work my way up to the newer models heh heh heh). Anyway, which should I choose should I decide to get a Mustang? I mostly need it to get to school and work; maybe an occasional mini road trip to LA (twice a year; I live in the Bay Area too so weather isn't a problem). Also, are they difficult to drive? The front seems so long on the 2005.... please take hating on the v6 elsewhere Also, I found a 2008 Mini Cooper for a suspiciously low price from a private dealer (4cyl, 79K miles but it used to be a fleet vehicle and I still need to run it through autocheck). I could test drive this one and run it by a mechanic but the seller lives 2 hours away... Insurance for the either of the two Mustangs would be around $60 a month with Geico (I'm 19 so I had to look for the cheapest branch I could find). My dad has a ford so he would be able to help me with the Mustangs. However, I don't know anyone with a MINI that could give me advice. I really like the MINI because of it's perfect size and quality but Im scared of what the fuel, maintenance, etc. could be like. I'd really appreciate any advice or extra info you could give me on these cars. Especially the MINI.""

How to buy auto insurance with a permit? (CA)?

So I got my learners permit recently. My household does not own a car so mine would be the first. Because neither one of my parents hold a license, I would be practicing with other people and so the car would be to not risk damaging someone else's and get used to driving it for my driving test later in the year. I was wondering if it is possible to buy insurance under these conditions and if it would affect the price of the insurance.""

SPEEDING TICKET & CAR INSURANCE: QUESTION?

If my dad drives my car and is not on my insurance and he gets a speeding ticket, does MY insurance go up? I heard that since he's the driver, he gets the speeding ticket and it does not affect my insurance. But then I also heard the opposite. WHICH is true? I live in Canada""

Help finding affordable health care for an individual 24 year old female in college part time and working.?

I am a 24 year old female in a community college (my 3rd semester) I am not full time because I am working as a waitress to survive outside of school. I have looked all over the internet and the quotes I have gotten have actually made me laugh. 520, 250, 300 a month for health insurance are you kidding? I have to pay 500 hundred dollars for health insurance a month? That is almost my rent. This is ridiculous! I really need to get a doctor and more then that I need a dentist. I grew up with a single father and I have only been able to go to the dentist once because his work did not provide health care unfortunately. I am not trying to come off as bitching but this is really frustrating to me. :o( Can someone please send a website with an affordable New York health insurance? I would really appreciate it. Thanks! :o/""

Why do people drive without auto insurance?

Don't give me because it costs too much and they cant afford it. I think it's the price of having a car. You wouldn't get a car and say well tires are expensive, I can't afford them you just need them. The point of insurance is to be able to afford to fix any damages you may cause to another driver's car or person. If I wrecked someone's car I would certainly want the other person to be able to get their car fixed or replaced. And if there was injury I wouldn't want someone else saddled with huge medical bills because of a mistake I made. Is that just me?""

What is the most affordable health insurance in Los Angeles?

I am trying to find health insurance as a 35 yr old male. I have never had insurance before and don't have any illnesses. What is the most cost effective health insurance that will cover me and will allow me to go get a tune up quickly?

Im 20 years old. Just wondering when i should buy life insurance?

Im 20 years old. Just wondering when i should buy life insurance. ? I have a bf live at home with my parents. I have a car loan out for 18,000. Have a full time job. Just wondering if its better to purchase when your younger. My bf and I have been together for 6 years.""

Teenage car insurance?

I'm a teen, and I'm thinking about getting a car. However, I've heard that insurance for teenagers can be expensive. Since insurance is usually tied to the car instead of the driver, am I able to get away with using my parents' insurance if the car is completely under my parents' names? Am I allowed to save a large amount of money this way? I only plan on meeting the minimum insurance required by law (in California).""

Does anybody know about the statewide increase of geico auto insurance in connecticut?

I got a hefty 8% increase for my next 6 months' payments. The telephone assistant told me that it was a statewide increase in CT, based on ZIP code. Anyboby knows more about this?""

""1.6L car for 17 year old, what company insures this size engine for new young drivers?""

UK i cant seem to get insurance for a 1.6L car, ive tried 2 companies and they say get something 1.4L or less. ive already got this 316i so i dont want to sell it for another, what insurance company should i try? DONT say 'go to gocompare.com' or 'confused.com' or 'comparethemarket.com', ive tried all that.""

Insurance for 1998 Corvette for 18 Year Old Male?

Okay, so this question is one of those, if you have to ask you can't afford it type of questions. Now I have loved Corvette's since I was old enough to identify cars. I have always dreamed of owning on, and the opportunity is upon me. After selling my car, and saved money, and saved funds, I can afford a 1998 Corvette Silver Automatic. Now it's a V8, and is pushing over 300HP easy. Insurance is ridiculously high, even with 2 and a half years of perfectly safe driving. (I hate the stereotype of just because I'm young, I'm an unsafe driver. Alas, all the idiots ruin it for us safe young adults.) Anyway the Vette clears out and is mint shape, no accidents, and is selling for $14,900 with 74K miles, a steal if you ask me. Anyway I have over $16,500 saved up, which leaves me with an issue. I can afford the car no problem, but I just know the insurance will be through the roof. However I was wondering if any of you have any idea on the cost. I have Metropolitan if you were wondering.""

What is the insurance price for me to buy an 05 Toyota Solara?

I am a 16 year old from MN and I was wondering how much it the insurance would cost to buy an 05 Solara. I have been a B student most of my life. I know that 2 door cars cost more than 4 door. just spill out some price it would be per month. Thanks

Where can i get affordable health insurance for my family w/ maternity coverage?

i am currently looking for family health insurance. if i go thru my job it way too expensive. i also need to include maternity coverage. does anyone know of any insurance companies? whenever i go directly to the provider website like united healthcare or cigna it always directs the webpage to ehealthinsurance, and while yes their affordable they don't offer maternity coverage. thanks for any suggestions""

Speeding ticket//No insurance!!!???

My friend was driving my car and got pulled over for speeding I didnt have insurance at the time she was pulled over, But I do have insurance now.(a couple days later.) The ticket is being paid tomorrow with my proof of insurance, what will happen b/c the date of purchase is after the day she was pulled over. I live in ohio. PLs help""

""My homeowners insurance dropped me, what am I going to do?""

I had two claims in two years. They won't renew, my policy has expired and I can't find anyone that will cover me. Anyone sell insurance? I had a claim last summer when a limb fell through my camper. The insurance paid out $500. October 2007 I had a pipe burst in my foundation they had to pay out $22,000 that time. Right now I'm uninsured and nervous.""

Corporate health insurance?

What will be the benefit to the company for availing a group health insurance for its employees. please explain thoroughly. Thanks!

Do i need personal car insurance to drive an ambulance?

Im going to school to be an emt and i know that at some point, as scary as it is, i will have to drive an ambulance but i wanted to know how or if it would affect my personal car insurance or if the company i worked for even needed my car insurance. For example: what if i had a valid drivers license but did not have a car of my own to even have insurance? How does that work? Currently i do not own a car because i have been a full time student for a few years living on campus so thats why im asking..""

What is public liability insurance? where can i get one?

im applying for business permit and one of the requirement is public liability insurance.

Aussie car insurance?

who are the cheapest car insurance company for aussie p platers also.. are there any companies that offer reduced term cover.. id like 6 months insurance so i can take up a years insurance once thats finished to break up insurance and rego

Can you have more then 1 life insurance policy?

Whats the average price for a new rider's insurance in Canada?

In Ontario

Which auto insurance company offers the cheapest price??

were from CA & my sister is a first time driver & she needs a new insurance for her 05 toyota camry. her old car insurance is too expensive. what will u recommend personally? thanks

Insurance for a 17 year old on a ninja 250?

hey im looking at getting a ninja 250r for a first bike. i choose a 250 because it is cheap, cheap to keep up, i could work on almost every job myself, it wont do a wheelie at 90 and kill me, gets 65 mpg highway, and is still as quick as a z28 0-60. what would the insurance be on a little 250 for an almost 18 year old with a perfect driving record, and almost all major discounts ( good student...etc)? i know you cant say for sure but would it be a doable amount since it is just a 250, or is it going way too much cuz im a teen?""

Health insurance for visitor from india?

Where can I get health insurance for a parent who is undergoing dialysis in India and wants to Visit the USA for a short term. Of course they will need to continue there treatments here while visiting. But we need some kind of assistance while they are here.

Do I need to buy auto insurance for my used car dealership?

We are just starting out and wonder if our personal car insurance would cover test drives, or our driving the vehicles. It is a sole proprietorship.""

hth travel insurance quote

https://www.linkedin.com/pulse/affordable-care-act-insurance-under-26-oscar-greene/"

0 notes

fey-caress · 4 years

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Venture Capital Thailand

This post first appeared on Venture Capital Thailand For Startup Investments check out https://www.nexea.co

This article talks about the Venture Capital Thailand ecosystem where it answers the basic questions of what is venture capital, why do companies require a venture capitalist to listing down venture capital companies in Thailand. Lastly, we provide several tips in helping you find the right venture capital firm for your company.

What is Venture Capital?

A venture capitalist or VC is an investor who either gives funding to startup ventures or supports small organisations that desire to expand but do not have access to equities markets. Venture capitalists are willing to invest in companies that fit in those criteria because they have the potential to earn a huge return on their investments if these companies end up being successful.

Some of the aspects that venture capitalists look for are strong management team, large potential market and a unique product or service with a strong competitive advantage. Also, they seek for opportunities that they are familiar with, and the opportunity to possess an enormous stake of the business so that they can influence its direction. Here at NEXEA, we are interested in tech start-ups as this is our expertise.

Why do companies require a Venture Capitalist?

You may be thinking, “Why do I need a VC? or What kind of value can a VC bring in to my business?” Well, it is true that not many Venture Capitalists are able to bring in much value. This is because they are too busy managing 10-20 companies per partner as well as managing their Limited Partners (investors).

Nevertheless, any VC is more than just providing funds. Since they will become part the owner of your business, they would want to see the company grow as well by providing any necessary help succeed a startup. At NEXEA, we offer to our invested startups ex-entrepreneurs who can guide young entrepreneurs with their business as well as provide some advice to avoid making the mistakes that they have made in the past.

For entrepreneurs and CEO of rapidly growing companies, most of them are inexperienced and they do not always know what to look out for. That is why a lot of startups need venture capitalist and in order to lessen the risk for a venture capitalist, it is important that startup founders are being connected to industry experts.

“You will need to do the due diligence in order to really understand if a VC is going to add value in addition to capital. This value can be introductions for potential partnerships, their network of other successful founders or the infrastructure the firm brings.”

Venture Capital Thailand – Environment

Thailand is the second largest ASEAN economy with an expected GDP of 528 USD billion by the end of 2020. Having relatively skilled labor force as well as cheaper business and living costs in comparison to established venture capital ecosystem like Singapore, the Kingdom is in a transition from an industrial and export-oriented economy to a service and knowledge-based economy.

The Thai government has enforced their Thailand 4.0 strategy back in 2018 in order to encourage future growth industries ranging from next-generation automotive, food for the future to digital, developing highly skilled labour force as well as promoting innovation. With such a strategy, the government hopes that it will provide the economy with a comprehensive push towards digitalisation through its 20-year national Digital Economy Masterplan – boosting the ecosystem of venture capital Thailand even more.

Very Early Stage Investment Firms in Venture Capital Thailand (<US$1m)

500 TukTuks

Alpha Founders Capital

Ardent Capital

BangkokVC

Beacon Venture Capital

Inspire Group (Inspire Ventures)

InVent

K2 Venture Capital

Muangthai Capital

SCB10X

Sparx Ventures

Stonelotus Capital

TVCA

Later Stage Investment Firms in Venture Capital Thailand (>US$1m)

AddVentures

Galaxy Ventures

InVent

Krungsri Finnovate

Quona Capital

Reapra

SCB10X

The Quant Group

Tracxn

VNET Capital

Finding the right venture capital firm for your company

The first step to finding the right venture capital firm for your company is to know what stage your company is at right now. After figuring out the stage of your business, you can start applying to venture capital. Remember to prepare an informing pitch deck in order for you to have a higher chance of getting funded when pitching your company. Here are some examples of how a pitch deck should look like made by other successful companies.

Secondly, in order to find the best VCs, you should look out for their infrastructure and “speciality”. It is best to find VCs that specialised in the industry that your company is in because you will then be provided with the best support tailored to your needs. Venture Capitalists like First Round Capital, Y Combinator or 500 Startups have a dedicated team of marketers, recruiters, experts and other necessary resources to bring into the company that they invest in. At NEXEA, we have dedicated lawyers, regional level CFOs, a lot of world-class CEOs that mentor and invest in startups as well as other supportive infrastructure in place.

Lastly, it is important to set some boundaries for yourself. If your company are one of those companies that are founded by multiple people, it is very important that there is a mutual understanding between each other on what you are willing to give away. Giving away is not only in terms of equity but in time as well. When a venture capitalist invests in your firm the whole working dynamic can change as you hopefully transition your company into a fast-growing firm.

Steps to finding the right venture capital firm

Besides that, here are some additional tips on how to find the right venture capital firm for your company. We’ve made it into several easy steps where you can easily implement through the list of companies in Venture Capital Thailand to see which ones fit well with your firm’s needs.

Geography: The location of your startup should be in the region which the VC is operating in. At NEXEA, we invest in tech startups in the SEA region. However, for some programs, we prefer companies that are based in Malaysia as our HQ is located in Kuala Lumpur. Thus, do some research on the VC to know if your location is applicable to them.

Sector: Usually VC’s only invest in companies that operate in fields of business where they have a lot of experience in. That goes to show why at NEXEA we invest in tech startups because we have a lot of expertise in tech-related companies. For us, a company which has a traditional business model would not be applicable.

Portfolio conflict: A VC will typically not invest in a company which is a direct competitor of a company in their portfolio. So before applying to a VC, you should find out about their portfolio and see if you can identify any direct competitors to your company.

Involvement: There are two types of VC firms. The first group are the VCs that are very involved. These type of VCs typically do not invest in a lot of companies as they do not have the time to be highly involved in all the companies that they invest in. The second group of VCs are the opposite where these firms are not very involved in the companies they invest in. This is usually due to the number of startups they invest in. They simply don’t have the time to have a meeting with each startup every week. At NEXEA, we are highly involved with each startup due to our startup mentor network. For a startup, it is essential to know from each founder whether they prefer a highly involved VC or less involved VC.

Fund size: A startup has to know beforehand what series a VC invest in. It does not make sense to apply for a pre-seed startup while you are doing your A-series. Furthermore, if you plan beforehand that you want to do your B-series and A series with the same VC to ensure good collaboration, you should check whether or not they invest in both series.

Venture Capital Thailand Summary

The number of venture capital firms in Thailand has been growing rapidly which is reflected by the growing number of startups that are starting and growing in the region. For startups wanting a venture capital, it is crucial to first identify the stage of their company is as well as setting boundaries for the company in order to find the right expertise needed for the company.

We hope this article has provided you with a head start on what you should be looking for in a venture capitalist. Let us know in the comments section if there is anything else that you would like to know more about venture capital Thailand.

If you’d like to know more about venture capitalists in other Southeast Asian countries such as Malaysia, Vietnam, Indonesia, the Philippines and Singapore, check out the Southeast Asian Venture Capital article.

Learn More About NEXEA Venture Capital & How We Provide More Than Just Money

VC Venture Capital

About NEXEA

References:

https://blog.edx.org/5-criteria-identify-right-venture-capitalists/

https://www.inc.com/bubba-page/5-steps-to-finding-the-right-venture-capital-investor.html

https://www.forbes.com/sites/alejandrocremades/2018/08/02/how-venture-capital-works/#1d3377831b14

For more, check out NEXEA For Startup Investments check out https://www.nexea.co

source https://www.nexea.co/venture-capital-thailand-nexea/

0 notes

rolandfontana · 5 years

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Who Pays the Tariffs on China Imports? President Trump vs. CNN and What YOU Can do NOW to Reduce Your China Prices

On May 5, President Trump tweeted that he would be raising tariffs to 25% on $200 billion worth of Chinese products and that he would eventually impose this tariff rate on pretty much all products from China. Since then the media has been all over the map on who will be paying for these tariffs. On the one side, we have President Trump and the media favorable to him stating, or at least implying, that “China will be paying these tariffs.” On the other hand, we have the media stating or at least implying that the “U.S. consumer will be paying the tariffs by way of increased costs.”

Well guess what and no surprise, it ain’t that simple. Truth is a ton of people all over the world will be paying the tariff. Let me explain how this might go down and let me say that my firm’s international lawyers and international trade lawyers have already seen how this goes down from the last round of US tariffs against Chinese goods and Chinese tariffs against US goods.

With the onslaught of tariffs, companies that import Chinese products into the United States are facing price increases and our China lawyers are getting an earful about this from our clients that sell their products to big retailers like Walmart and Target and Home Depot, etc. Our clients with super strong brand names and eye-popping profit margins are — at least for now — remaining calmer. Some of our clients have flat out told us that they don’t “really care” about the tariffs. We have a client that pays around $60 for the products it has made in China and then it sells those products for $1700 to $2100. How much should it care about a $15 price increase? We have another client that pays 20 cents for the product it has made in China and it sells that product for $12. How much should it care about a 5 cent per unit price increase? So yes, the tariffs do not fall equally on all.

But no matter your profit margins (with some exceptions) and no matter to whom you sell your products, now is the best time to be doing two things: 1.) looking into the possibility of at some point diversifying or moving your supply chain out of China, and 2) trying to get your China suppliers to lower your product pricing. Our international lawyers are working nearly non-stop in helping our clients diversify their manufacturing to countries outside China — so far this has mostly been to other Asian countries, such as Vietnam, Cambodia, the Philippines, Malaysia, Pakistan, India and Thailand, but also to Mexico, Eastern Europe, Portugal, and Spain and even to Canada and the United States — more so after the announcement of the “new NAFTA” agreement, a/k/a the USMC.

This post is going to focus on analyzing who in the end pays the China tariffs, yet in doing so it also sets out some oof the steps you should consider taking now to reduce your China manufacturing costs.

I will begin by explaining who will pay the 25% Trump tariffs and I will use a widget as my example, using the following assumptions.

Assume China Factory was manufacturing its widgets and selling them for $100 each.

Assume European Widget Company was buying these widgets from China Factory for $100 each before the tariffs and selling almost all of those widgets in the United States wholesale to a bunch of Big Box Retailers for $140, who in turn sell them at retail for $280.

Assume that China Factory/European Widget Company widgets will now have to pay a 25% tariff and further assume this means European Widget Company’s total cost for the widgets (as landed in the US) just went up to $125 because of the US tariffs.

What happens next? Does China the country or China Factory turn around and say to European Widget Company that it can feel European Widget Company’s pain and it badly wants to alleviate that pain and because China the country feels the same way it is now further subsidizing China Factory and so China Factory will now cut its widget prices to $75 so that European Widget Company’s landed US costs will remain at $100 and there will thus be no change in US pricing and China will implausible pay the tariff? Of course not.

Does European Widget Company say to China Factory Company, hey that’s really too bad about the U.S. tariffs but we all love America and so we will just pay you the same $100 we have always been paying you for your/our widgets and we will just keep selling the widgets to the US big box retailers for $140 so that we incur all of the losses from the tariffs and so neither China nor the US will be impacted in the slightest. This scenario is equally implausible.

Now let’s throw in some more assumptions, based on what happened with previous rounds of US tariffs against Chinese goods and what to a certain extent is already happening because of this round of US tariffs against Chinese goods:

China reduces its income tax rates for Chinese export manufacturers, thereby reducing its overall costs by 4%.

China increases its VAT rates for Chinese export manufacturers, thereby reducing its overall costs by 4%.

China pushes down the value of the RMB, thereby increasing the amount in RMB Chinese export manufacturers get from their sales in dollars or Euros by 2%.

So right there we have a 12% reduction in costs for the Chinese manufacturer. Note that the numbers above are very rough calculations and individual valuations will vary.

What should and what will the European Widget Company do in light of the above numbers? It will go to China Factory and say something like the following:

Monsieur, as you well know, times are tough these days in terms of our selling your/our widgets to the United States because of the new and onerous tariffs. We are essentially having to pay 25% more for them than if we were to get them from some other country. Speaking of other countries, did I tell you that we’ve been looking at having some of our other products made in Vietnam or Thailand and I went to both places last week and both were so nice and they both have such great food and I was surprised at how many people in both countries spoke French.” All this got me to thinking that if we were to have at least some of our widgets made in Vietnam and/or Thailand, we would be free from the 25% tariffs and free from all of this acrimony and risk tied in with the US-China relationship. I have a friend who is saying that he thinks the United States and China will at some point cease all trade between them. I don’t think that is possible, do you?

Maybe more importantly, I am hearing that because of income tax reductions and VAT rebate increases and the devaluation of the RMB — and who knows what else the Chinese government is doing to subsidize Chinese manufacturers these days — your manufacturing costs must be done like 15% to 20%. With all this it seems you should cut your pricing to us by 20%. I know this will cut into your profits but our profits are going to get cut as well, no matter what you do and no matter what happens and seeing as how we have had this great relationship with you for the last 8 years (including our being willing to overlook that time early on when you sold our product in the grey market out the side door or when we learned that you had gone off and registered OUR trademark in China and we had to convince you to assign it to us or the time you reduced the steel content in our widgets from 20% to 5% to save money and we only learned of this when they failed and then all you gave us to make up for this was a 5% discount on our next set of purchases? ), don’t you think it only fair that our two companies share in the profit losses here? Gosh I would hate to spoil all this by moving our widget production to Thailand or Vietnam, which is what my General Manager is saying we should do.

And in the end, China Factory reduces its prices to European Widget Company by 12%.

European Widget Company, is now paying $88 for widgets for which it was paying $100. If you add the 25% tariff to the new $88 price, European Widget Company is now looking at a new $110 US landed price.

Does European Widget Company then go to its Big Box Retailer buyers and say, hey, you guys have always been so great I am going to keep selling you our widgets for $140 so your profits are not impacted? No. Does European Widget Company go to its Big Box Retailer buyers and say, hey, because of the 25% tariffs I am going to have to increase my sales price to you by $25 and so I am now going to charge you $165 per widget. For just a moment, let’s imagine European Widget Company does this. How will Big Box Retailers respond? There is a 99+ percent chance they will tell European Widget Company no way and they will then talk about how maybe “we should just start having our own widgets made in Vietnam or Thailand” and they very well might. For this reason, this scenario is very unlikely to happen.

A more realistic scenario would be for European Widget Company to go to Big Box Retailers and say that its costs have gone up and that it is working really hard to diversify its widget production outside of China and it has done some exploratory trips to Vietnam and Thailand and it will soon be testing out some widget manufacturers there but in the meantime, it is going to need to raise its prices by $7 and can that work. The Big Box Retailers will say now and trot out their own Vietnam/Thailand/Malaysia/Pakistan/Mexico/Indonesia/India/Philippines scenarios and in the end agree to pay $2 more per widget. And then Big Box Retailers will flip around and raise its retail widget prices anywhere from zero to five dollars.

So in the end, the China government, the China Factory, the European Widget Company, the Retailers and the Consumers all end up paying some portion of the 25% tariffs. Of course the portion will vary depending on profit margins and the market and the industry and the product and supply and demand and the price elasticity of demand and the Chinese government and the companies involved and a whole host of other things, but the above scenario is not a terribly unrealistic one and it mimics in some ways the scenarios our international lawyers saw play out during the last round of tariffs.

So what about the flip side. What about the soybean farmers in the United States who are now likely to get socked by Chinese tariffs against their soybeans. Here is how I see that playing out. These farmers will likely be hurt badly in the short term but they may end up barely being impacted in the long term. How can that be when the US at one time was selling approximately $15 billion in soy beans to China, which constitutes around 60% of their production. They will all be wiped out right? Wrong. I am not for a minute going to tell you that they will be fine because that is not likely to be the case but I am going to tell you that soybeans are essentially a commodity and if the US stops selling its soybeans to China, China will get its soybeans from other countries and a big chunk of the sales those other countries used to make to countries other than China will now go to US soybean growers. I mention this not to minimize any impacts, but just to make clear that US soybean farmers are not going to lose $15 in sales a year.

Bottom Line: US tariffs on Chinese goods will in most cases mean increased pricing/decreased profits for pretty much everybody in the supply and selling chain. But the impact on your business will depend at least in part on the steps you take now.

Who Pays the Tariffs on China Imports? President Trump vs. CNN and What YOU Can do NOW to Reduce Your China Prices syndicated from https://immigrationattorneyto.wordpress.com/

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