Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Channel Catalog


Channel Description:

Just another WordPress.com weblog

(Page 1) | 2 | newer

    0 0

    Entrepreneurs are all about firsts, and the most important is you making a great first impression – on investors, customers, new team members, and strategic partners. Poor first impressions can be avoided, but I’m amazed at the number of unnecessary mistakes I see at those critical first introductions, presentations, and meetings. The key message here is “preparation.” People who think they can always “wing it,” bluff their way past tough questions, or expect the other party to bridge all the gaps, sadly often find that what they think is a win, is actually a loss which can never be regained. We’ve all met people that we instantly like because of a great first impression, and want to do business with. Here are some common sense things that they do and you can do to maximize the first impression that you impart in any business environment or discussion: Dress appropriately from the perspective of the person you are trying to impress. This one is so obvious that I hesitate to mention it, except for the fact that I see it ignored so often. Maybe you love wearing Hawaiian shirts to work, but when you visit a traditional banker to close on a loan, it will be worth your time to put on a solid shirt and jacket. Always research the person online before a first meeting. In today’s world of LinkedIn and Facebook, there is no excuse for not recognizing a person as you meet them for the first time, and knowing their accomplishments, if not their interests and academic background. Google the organization and the role they represent. It’s polite to ask a professional you just met about their company affiliation, but it’s much smarter to ask them about a current issue, making it clear that you already know a good bit about their company, and their role in that company. Find a common business link or friend to warm up the connection. The best introduction to a new customer, or potential angel investor, is a warm introduction from a common friend, rather than a cold call. In my opinion, this approach will double or triple your probability for success, no matter what the transaction. Be prepared to concisely state your key objective. Before the other party has to ask, you should look for an opportunity to net out what you are here to accomplish, and even have a couple of questions in mind that you would like to get answered. Think of it as not forgetting to ask for the order. Know a lot, but don’t flaunt it. Some people do all the right legwork, but then kill themselves by appearing arrogant or obsequious in the way that they can’t stop talking about everything that they know. When you meet someone new who is important, your first words after “Hello” should be a question rather than a long personal dissertation. Be positive, courteous, on time, and attentive. We have all met people who, when asked “How are you?” provide a long litany of their latest woes, or a diatribe on current political issues. Obviously, being late to your own meeting, or appearing distracted or uninterested, will also leave a bad first impression. Smile and relax.

    rightwaysrightways

    0 0

    ARE you driven by a desire for instant gratification? Today, it has become a norm to splash the cash on ourselves, and it seems to be getting harder to keep in check the urge to spend and spend. Unfortunately, current gain may mean future pain unless we are in control of our expenses. The good news is that it is possible to stay in charge if we know how to change our behaviour and what tools we need to do the job. Falling prey When the latest gadget or fad is in town, our lives seem to turn unbearably dull until we go out and get a piece of the action for ourselves. We see others enjoying their iPads or Galaxy Note, and feel so left behind because we don't have one ourselves. A few months ago, we had barely spared a thought on it, but for some strange reason, it suddenly feels like we just cannot function without having one. So, before we can check ourselves, we've gone and bought one too, although we may not really know what we want to use it for, except endlessly checking our Facebook accounts. That is just one among the many temptations around us that are competing for our hard-earned money. Media messages of dream getaways fuel our desire to go to enchanting overseas locations, and we can't wait to blow a small fortune on a holiday it has to be next month or we could almost burst. Advertisements sell us the idea that we deserve to live a privileged existence, no matter what our station in life. We indulge in fine dining at the drop of a hat. When the stress of our jobs gets to us, shopping comes to the rescue in the name of retail therapy. No wonder we find that there's a big hole in our pockets. For those of us who have become used to living life large, it may seem strange that not long ago, that was far from the norm. Just one generation earlier, it was quite usual for people to save patiently towards their financial goals, i.e. to delay gratification until they had the money to spend.

    rightwaysYap Ming Hui_Money & YourightwaysYap Ming Hui_Money & You

    0 0

    KUALA LUMPUR: She was furious to find her son at a cybercafe, engrossed in his game, when he was supposed to be at rugby practice in school. But what shocked Zaridah Abu Zarin, 39, even more was seeing children, some as young as four, completely absorbed in playing online games. Moved by what she saw, Zaridah decided to set up a centre with her business partner, Michelle Wong, to help youths and children overcome their addiction to Internet games for free. “There were also four children, squeezing in one seat, just so that they could share the computer in the cybercafe,” said the KidQ daycare centre director at Bandar Sri Damansara here. Wong, who is also a director at KidQ, said the centre, named “U”th Community Centre, that started yesterday, would be a place for children to participate in enjoyable and productive activities. "There's more meaning to life than going to the cybercafe. One of our immediate steps is to conduct an intervention for children addicted to the Internet at cybercafes. "Since we run a daycare centre, we have the facilities to allow youths and children to conduct activities," said the 47-year-old.

    rightwaysCyber addictsrightwaysCyber addicts

    0 0

    The lawsuit charges the defendants with failing to disclose "a severe and pronounced reduction" in forecasts for Facebook's revenue growth in the run-up to Friday's IPO. Facebook shareholders have sued the social network, CEO Mark Zuckerberg, and a number of banks, alleging that crucial information was concealed ahead of Facebook's IPO. The lawsuit, filed in the U.S. District Court in Manhattan this morning, charges the defendants with failing to disclose in the critical days leading up to Friday's initial public offering "a severe and pronounced reduction" in forecasts for Facebook's revenue growth, as users more and more access Facebook through mobile devices, according to Reuters, which cited a law firm for the plaintiffs. (The case is Brian Roffe Profit Sharing Plan v. Facebook, 12-04081.) Earlier this month, Facebook updated its filings with the Securities and Exchange Commission to say that the shift to smartphones and other mobile gadgets is cutting into the prices it can set for advertisers, which would in turn hurt the company's revenue. In March, the social network had 488 million monthly average unique users of its mobile products, out of a total of just over 900 million registered users. The plaintiffs charge that the changes to the forecast by several underwriters of the IPO were only "selectively disclosed" to a small group of preferred investors and not to the investment community at large. "The value of Facebook common stock has declined substantially and plaintiffs and the class have sustained damages as a result," the complaint says, per the Reuters report. Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were accused of concealing from investors during the IPO marketing process "a severe and pronounced reduction" in revenue growth forecasts, resulting from increased use of its app or website through mobile devices. Facebook went public last week. The lawsuit was filed in U.S. District Court in Manhattan on Wednesday, according to a law firm for the plaintiffs. A day earlier, a similar lawsuit by a different investor was filed in a California state court, according to a law firm involved in that case.....

    rightwaysThe CEO of Facebook Inc., Mark Zuckerberg, rings the bell at NasdaqJonathan E. SkillingsIn this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern May 19, 2012. Picture taken May 19, 2012. REUTERS/Thomas HodelVideorightwaysThe CEO of Facebook Inc., Mark Zuckerberg, rings the bell at NasdaqJonathan E. SkillingsIn this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern May 19, 2012. Picture taken May 19, 2012. REUTERS/Thomas HodelVideo

    0 0

    NEW YORK (Reuters): Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. Four of the top market makers in the Facebook IPO -- Knight Capital, Citadel Securities, UBS AG and Citi's Automated Trading Desk -- collectively have probably lost more than $100 million from problems arising from the deal, said a senior executive at one of the firms. Knight and Citadel are each claiming losses of $30 million to $35 million, potentially overwhelming a $13 million fund the exchange set up to deal with potential claims. Nasdaq also has to contend with the outside prospect that it could lose the Facebook listing entirely after having just obtained it. Facebook shares ended regular trading on Thursday up 3.2 percent at $33.03, about $5 short of their offering price. Action on the stock, however, has essentially become secondary to the fallout from the IPO -- its price, its size, its execution and questions about selective disclosure of its financial prospects. Regulators including the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority and Massachusetts Secretary of the Commonwealth William Galvin are now looking into how the IPO was handled. The U.S. Senate Banking Committee is also reviewing the matter.... Actually, however, the news is even worse: No one is going to invest in Facebook shares today if its price will be 30% lower in five years. So, in order to entice someone to invest in it today, Facebook needs to offer a handsome return. Assuming that its five-year return is equal to the stock market’s long-term average return of 11% annualized, Facebook shares currently would need to be trading at just $13.80.......

    rightwaysFacebook_IPOMark HulbertrightwaysFacebook_IPOMark Hulbert

    0 0

    The money manager mentality also meant that VCs became risk averse KUALA LUMPUR: An expert on venture capitalism is of the opinion that the venture capitalist model is broken. NOT BEYOND REPAIR: Green believes that the VC model is broken but it can still be fixed. Jordan Green, chairman of the Australian Association of Angel Investors, said the latest generation of VCs has not been delivering results. "Up until the mid-90s, VCs could reap a double digit return on investment on the companies they invested in," he told Bytz on the sidelines of the Asian Business Angel Forum (ABAF) 2012 here. Green said today's VCs fail to do better than their predecessors because of their money manager mentality, and they aren't capable of advising entrepreneurs on how to viably commercialise their products. "Venture capitalism predicated on the idea that people in the VC firm would be able to help the startups they invest in to grow effectively. But you need to have business experience to do this, " he said. According to Green, many of today's VCs have the academic qualifications but not the experience of having run a business. This situation arose when VC firms started to institutionalise, to give themselves bigger funds to work with, he said. However, as the establishments got bigger, there was not enough qualified people with the right business experience to hire. "As a result, those without any entrepreneurial skills could not properly help the startups move forward," Green said. "And the money manager mentality also meant that VCs became risk adverse and would only fund startups when they started being profitable. This created the 'VC gap.'" The gap is where entrepreneurs have difficulty getting funding between starting up and starting to show profitability - the period when VCs are most needed. Green believes investing in a business requires empathy, and is not merely an intellectual exercise. Malaysia is moving in the right direction by starting angel investor networks because this will give startups here an alternative to VCs when they need funding for their fledgling products and services, he said. "Angels are actually replacing the VCs of yore. They are the experienced business people who can advise entrepreneurs on how to bring their products to greater heights," Green said.

    rightwaysrightways

    0 0

    Most entrepreneurs don’t spend enough time trying to come up with radically new products. Why? Because they don’t think they can. They believe that because they’re in an old, conservative industry, they have no chance of coming up with anything new and different. They feel that everything has been invented. That there’s no new way to do business or design a product or service. There’s a good reason they think this: in many industries there has indeed been very little change. But just because the industry hasn’t changed, it doesn’t mean it can’t. And those that have the courage to come up with revolutionary new products are often rewarded with millions in additional profits for their efforts. Here is a new example of just such a breakthrough. You couldn’t get a more boring, staid industry than the envelope business. There’s basically been no change in the design of an envelope for 80 years! But suddenly along comes Flavorlopes: fruit flavored envelopes! They solve a real problem – people hate licking envelopes. Now with Flavorlopes you can enjoy licking envelopes with the following flavors: Apple. Cherry, Grape, Orange and Strawberry. Bang. Just like that, an industry is changed. Now I’m the first to admit this is not a product breakthrough of the magnitude of the personal computer or the disposable pen. But hey, it’s not a bad effort for the envelope business.

    rightwaysFlavorlopes1Siimon ReynoldsrightwaysFlavorlopes1Siimon Reynolds

    0 0

    LinkedIn once again proved it's not Facebook: The business networking site reported that sales nearly doubled from a year ago, led by a huge increase in revenue for its job posting services. LinkedIn Earnings: Revenue Up 89% YoY LinkedIn has released its Q2 earnings report. Revenue is up 89% year-over-year at $228.2 million. Net income, on the other hand, was down to $2.8 million for the quarter, from $4.5 million the same period last year. The company beat Wall Street expectations. During the quarter, the company launched its iPad app, redesigned LinkedIn Today, released targeted status updates and follower stats to companies with active profiles, and completed the rollout of Talent Pipeline. “LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance,” said CEO Jeff Weiner. “Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth.” Here’s the release in its entirety: MOUNTAIN VIEW, Calif., Aug. 2, 2012 (GLOBE NEWSWIRE) – LinkedIn Corporation (NYSE:LNKD), the world’s largest professional network on the Internet, currently with more than 175 million members, reported its financial results for the second quarter ended June 30, 2012: Revenue for the second quarter was $228.2 million, an increase of 89% compared to $121.0 million in the second quarter of 2011. Net income for the second quarter was $2.8 million, compared to net income of $4.5 million for the second quarter of 2011. Non-GAAP net income for the second quarter was $18.1 million, compared to $10.8 million for the second quarter of 2011. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets. Adjusted EBITDA for the second quarter was $50.4 million, or 22% of revenue, compared to $26.3 million for the second quarter of 2011, or 22% of revenue. GAAP EPS for the second quarter was $0.03; Non-GAAP EPS for the second quarter was $0.16. “LinkedIn had a strong second quarter with all of our key operating and financial metrics showing solid performance,” said Jeff Weiner, CEO of LinkedIn. “Our ongoing investment in product innovation drove healthy engagement as measured by unique visiting members and member page views, and our three revenue streams all experienced significant growth.” Second Quarter Financial Details and Operating Summary Hiring Solutions: Revenue from Hiring Solutions products totaled $121.6 million, an increase of 107% compared to the second quarter of 2011. Hiring Solutions revenue represented 53% of total revenue in the second quarter of 2012, compared to 48% in the second quarter of 2011. Marketing Solutions: Revenue from Marketing Solutions products totaled $63.1 million, an increase of 64% compared to the second quarter of 2011. Marketing Solutions revenue represented 28% of total revenue in the second quarter of 2012, compared to 32% in the second quarter of 2011. Premium Subscriptions: Revenue from Premium Subscriptions products totaled $43.5 million, an increase of 82% compared to the second quarter of 2011. Premium Subscriptions represented 19% of total revenue in the second quarter of 2012, compared to 20% of revenue in the second quarter of 2011. Revenue from the U.S. totaled $147.3 million, and represented 65% of total revenue in the second quarter of 2012. Revenue from international markets totaled $81.0 million, and represented 35% of total revenue in the second quarter of 2012.

    rightwaysLinkedinLinkedIn Earnings: Revenue Up 89% YoYrightwaysLinkedinLinkedIn Earnings: Revenue Up 89% YoY

    0 0

    Substantial inflows and outflows of investments expected for this year GEORGE TOWN: Despite the global economic crisis, property investments coming into the country and going to overseas this year are expected to increase substantially. The recently introduced 10% stamp duty for foreigners buying properties in Singapore has increased the attraction of Malaysia as a property investment destination. Property investments flowing to Melbourne, Australia, are expected to increase between 15% to 18% this year from RM125mil in 2011, thanks to new housing loans for the Australian market recently introduced by Malayan Banking Bhd (Maybank). Property Talk International Sdn Bhd managing director Steven Cheah said that foreigners showing interest in Malaysian properties had increased significantly this year, compared with the last three years, due to the recent 10% stamp duty introduced in Singapore for foreigners buying homes. Tang: ‘Investors from China are big time property purchasers in Singapore.’ Tang: ‘Investors from China are big time property purchasers in Singapore.’ “The other reason is that Kuala Lumpur still remain as one of the few South-East Asian cities with attractive property prices. “Compared to Jakarta, the price for a prime residential in Kuala Lumpur is about 15% lower. “The buyers are from Indonesia and China and they show preference for Iskandar, Johor Baru and Kuala Lumpur. “Indonesians prefer Iskandar because it is close to Singapore,” he said. The Indonesians and China buyers generally go for properties priced between RM600,000 to RM1.5mil in Iskandar and Kuala Lumpur, while in Penang they go for RM1mil above homes, according to Cheah. The additional direct flights from Jakarta to Penang by Air Asia had also fueled the interest from Indonesia for Malaysian properties, Cheah added. This year, Property Talk expects to sell about RM55mil worth of properties located in Johor, Kuala Lumpur, and Penang, compared with over RM20mil achieved for 2011. “Over the past three months, we have sold over RM25mil worth of properties, comprising 35 residential homes located in Kuala Lumpur and Iskandar, Johor Baru. “We expect to sell another RM30mil worth of properties, comprising 30 to 40 homes, from Iskandar, Kuala Lumpur, and Penang via three more property exhibitions in Jakarta jointly organised by Malaysia Property Inc and private developers before the year ends,” he said.

    rightwaysTang:‘Investors from China are big time property purchasers in Singapore.’doc61ne5zdfd9u76gjemzarightwaysTang:‘Investors from China are big time property purchasers in Singapore.’doc61ne5zdfd9u76gjemza

    0 0

    Chinese-language search engine Baidu has decided to try and capture the massive mobile internet market in China by launching its own mobile browser, Baidu Explorer. China’s biggest search engine launches its own mobile browser, Baidu ExplorerBaidu Campus, Beijing, China. Image by hwanghsuhui, via Wikimedia Commons Chinese-language search engine Baidu has decided to try and capture the massive mobile internet market in China by launching its own mobile browser, Baidu Explorer. Baidu is already the dominant search engine China, which has 538m online users, but with 388m of these users accessing the internet via mobile phones, the company needs to tap into this vast market. Other mobile products from Baidu include a mobile operating system that appears on low-cost smartphones the company produces with its manufacturing partners. But, with Baidu Explorer, it hopes to reach other smartphone users. The target, according to Reuters, is to have Baidu Explorer downloaded by 80pc of Android users in China by the end of this year. Though there is already strong competition in the mobile browser market, Baidu claims its browser is 20pc faster than its rivals based on internal tests. It also has strong HTML5 compatibility and users can run HD video through the browser without having to download additional apps or software. Baidu is already the dominant search engine China, which has 538m online users, but with 388m of these users accessing the internet via mobile phones, the company needs to tap into this vast market. Other mobile products from Baidu include a mobile operating system that appears on low-cost smartphones the company produces with its manufacturing partners. But, with Baidu Explorer, it hopes to reach other smartphone users. The target, according to Reuters, is to have Baidu Explorer downloaded by 80pc of Android users in China by the end of this year. Though there is already strong competition in the mobile browser market, Baidu claims its browser is 20pc faster than its rivals based on internal tests. It also has strong HTML5 compatibility and users can run HD video through the browser without having to download additional apps or software. Hopes for 80 per cent penetration by year-end China’s search-and-plenty-more giant Baidu has flagged a $US1.6 billion cloud investment. The investment, announced with a minimum of detail by CFO Li Xinzhe, will go towards building data centres and hiring staff. The Chinese search firm also announced the launch of the Baidu Mobile Browser, which it says is designed to compete with Chrome and Safari. It claims a 20 percent performance boost over its rivals based on internal testing. Briefing Asian journalists last Friday (August 31), Baidu said its mobile browser can play high-definition video without plugins or extra supporting software, according to Reuters.

    rightwaysBaidu-campusBaidu1The RegisterrightwaysBaidu-campusBaidu1The Register

    0 0

    THE year 2012 has been labelled “the year of shame'' for the banking industry. It doesn't matter that such nasty name-calling refers more to the problems at British banks. Whatever happens in London is bound to attract world interest as it is a major financial centre vying for top spot with New York. When scandals fall in thick, the tarnish on the banks there becomes even more significant. To make matters worse, it is now apparent that the Libor interest rate rigging problem is more widespread than originally thought.

    rightwaysLibor-explainedLIBOR Scandal.rightwaysLibor-explainedLIBOR Scandal.

    0 0

    Innovation practitioners know that they should not listen to the experts who approach life with rigid blinkers that prevent them from visualising anything outside their conditioned minds. Invention vs innovation TAKING a leaf out of what our Prime Minister wrote in this space two weeks ago, innovative thinking is undoubtedly a significant driver in propelling the nation’s economy to new heights. It is imperative that Malaysians embrace a culture of innovation. But let’s take a step or two back, before we can begin to move forward. It is important to pin down exactly what innovation means. Several readers have asked me if innovation is the same as invention, especially after reading about Malaysian researchers winning awards for their inventions. In fact, although they may appear similar at first glance, upon closer inspection both are very different indeed. If you make something unique or original, that’s an invention. Whether the invention has value or not is immaterial. This is why we see whacky inventions like toothbrushes for dogs or a clip-on fan on chopsticks to cool down noodles. Both these examples are unique and original but offer little value to most citizens.

    rightwaysInvention vs innovationsteve jobs iphone4.jpgTom GrastyrightwaysInvention vs innovationsteve jobs iphone4.jpgTom Grasty

    0 0

    Ten months after S P Setia Bhd unveiled its succession plan, head honcho Tan Sri Liew Kee Sin has announced his intention to resign as president and chief executive officer. Also quitting the company is chief financial officer Datuk Teow Leong Seng. Liew’s departure was expected by industry observers but Teow’s resignation came as a surprise as he was named deputy chairman in the property player’s succession plan earlier, analysts told StarBiz. “With my children all growing up and starting out on their own career paths, I am looking forward to spending more time with them, mentoring and guiding them.” Liew’s eldest son, Tian Xiong, is a major shareholder and director in Eco World, another property firm set up by former S P Setia top brass.

    rightwaysSpSetia_LiewrightwaysSpSetia_Liew

    0 0

    The BRICS New Development Bank was established Tuesday with an initial capital of $50 billion shared equally by the five BRICS countries. The Contingent Reserve Arrangement was also launched with an initial fund of $100 billion. The development bank's headquarters will be in Shanghai. Its first president will be from India, the first chair of the board of directors from Brazil and the first chair of the board of governors from Russia. The bank will have an African regional branch in South Africa. The idea of a BRICS bank was first mooted by India. The five countries reached a consensus at last year's BRICS summit and the bank has been launched this year. The fast pace and its implications have created waves in the West. This landmark event shows that BRICS countries have turned from a forum to an entity and may signal a new beginning for global strategic trends. The five emerging powers from four continents have formed a financial group. Prior to that, the world's financial power was held firmly by Americans and Europeans. Without exception, Western opinions have all been centered on the deep-rooted discrepancies among the five BRICS nations. They didn't expect that the wishes and ability of the five countries to overcome these discrepancies were so strong.

    rightwaysBrics BankrightwaysBrics Bank

    0 0

    7月12日,所谓南海仲裁案结果即将出炉。围绕这毫无合法性可言的一纸裁决,一些人筹谋算计、排兵布阵,企图用它来强化对中国的舆论攻势,将莫须有的罪名强加给中国;一些人颠倒黑白、借题发挥,期望以此抹黑中国的形象,把“不守法”的帽子扣向真正的受害者。 种种急不可耐的喧哗与躁动,无一例外都打出了国际法的旗号,南海问题的真相却被有意忽略了——中菲南海争议究竟源于何处?菲律宾南海仲裁案实质为何?仲裁案所激起的种种波澜,又将给南海的和平稳定带来何种影响? 对于这些问题,7月5日在华盛顿举办的“中美智库对话会”,提供了一个视角——即使是一些来自美国的专家也认为,“中国在南海的权益是历史上形成的”“欧洲和其他国家的知名法律专家都表示,南海仲裁案整个过程都是非法的,菲律宾单方提起仲裁,违反了国际法”。 看来,有关南海仲裁案并非难以搞清。拨开一些人以国际法为名蓄意在南海上空制造的迷雾,还原真相,对于中国而言,是维护国家领土主权的神圣使命;对于世界来说,是主持国际公理正义的必然要求。 (一) 一段时间以来,西方舆论连篇累牍渲染南海问题,然而对于南海问题特别是中菲南海争议的历史经纬、事实真相,自诩“主持公道”的西方舆论却“选择性回避”了。

    rightwaysrightways

    0 0

    The Chinese government has issued a white paper on the arbitration ruling. It contains more than 20,000 Chinese characters and says the Philippines' territorial claim over part of the Nansha Islands, is groundless from the perspective of either history or international law. Full Text: Chinese version;English version;French version BEIJING, July 13, 2016 (Xinhua) -- Photo taken on July 13, 2016 shows the white paper titled "China Adheres to the Position of Settling Through Negotiation the Relevant Disputes Between China and the Philippines in the South China Sea" issued by Chinese government in Beijing, capital of China. "The Philippines' territorial claim over part of Nansha Qundao is groundless from the perspectives of either history or international law," said the document issued by the State Council Information Office on Wednesday. (Xinhua/Chen Yehua) BEIJING, July 13 (Xinhua) -- The Chinese government on Wednesday issued a white paper to expound on its position, which calls for settling relevant disputes between China and the Philippines in the South China Sea through negotiation. "It is the Philippines that has created and stirred up trouble," said Vice Foreign Minister Liu Zhenmin at a press conference held Wednesday to introduce the white paper. "Violating bilateral consensus in recent years, the Philippines has repeatedly taken moves that complicate and intensify relevant disputes between China and the Philippines in the South China Sea," he said. The white paper, titled "China Adheres to the Position of Settling Through Negotiation the Relevant Disputes Between China and the Philippines in the South China Sea," was published one day after an award was issued in arbitration unilaterally initiated by the previous Philippine government.

    rightwaysChina has branded ITLOS Judge Shunji Yanai a “rightist” and “unfriendly to China”. Photo: SCMP PicturesrightwaysChina has branded ITLOS Judge Shunji Yanai a “rightist” and “unfriendly to China”. Photo: SCMP Pictures

    0 0

    China's banking regulator issued tough new rules on Wednesday to tighten regulation of the country's $60 billion peer-to-peer lending sector, which has been dogged by scandals and fraud. The measures mark the latest attempt by China to reduce risks to the world's second-largest economy by cleaning up the its rapidly growing but loosely regulated online financial sector. Peer-to-peer lending (P2P) platforms will not be able to take deposits, nor provide any forms of guarantee for lenders, according to a joint document issued by the China Banking Regulatory Commission (CBRC), Ministry of Public Security, Cyberspace Administration of China, and the Ministry of Industry and Information Technology. The regulator said some P2P firms were running Ponzi schemes and raising funds illegally, and said it would bar firms from 13 "forbidden" activities. Under the new rules, P2P firms would not be permitted to sell wealth management products which are popular with many Chinese investors, nor issue asset-backed securities, and must use third party banks as custodians of investor funds, the regulator said.

    rightwaysrightways

    0 0

    With the wisdom of hindsight, I am now able to advise my children on their decision making process on whether they should be a corporate suit or to go on their own. My only guidance to them is whatever choice they make, just ensure their actions are productive and contribute towards the well being of the economy. Don’t be lazy, do good where you can and be as good as you can be. Then start a family. Circle of life starts again. The only career that I totally discouraged my children from is the job of a politician. Good politicians are hard to find nowadays. Since integrity left the politicians, good virtues and honesty followed. What is left is a shell of a conniving and corrupted politician using whatever means they can to stay in power supposedly representing the people’s interest. All over the world, the politicians together with religious and racist bigots have caused total mayhem to our daily lives. People are divided by race, religion and skin colour. Nothing makes sense anymore. Throw in lots of money into a politician’s hands and we have absolute corruption across the ranks. Cash is king. Everybody can be bought. And I mean everybody. What is really sad is the complete breakdown of morality and integrity of the human politician. Where he suffers no shame when he is openly corrupted. When he can sleep well even though he has done many evil things destroying the moral fabric of the society which he swore to protect. I have nothing but despise for these toxic politicians. The few genuine politicians who stand up their grounds to all are few and far between. Eventually, they too will engulfed by the all pervasive influence of corruption. To the younger generation joining the working community, my only advice is to pick a job that fits your personality and your skill sets. Make sure you enjoy the job. Get some proper working experience under your belt and you can evaluate your options in a more leisurely way. You will know when there is a calling for you to become an entrepreneur. You will be unhappy with your job, your bosses irritates you, there is a burning desire that has just lighted up in your belly, a brilliant idea suddenly appeared and you feel that you are now ready to be an entrepreneur. Are you? From experience, it takes a long time for an entrepreneur to make big fortune. If you do not have the patience, I recommend you a job that makes money faster than an entrepreneur. Be a politician.

    rightwaysrightways

    0 0

    China's Tiangong-2 space lab blasted off on Thursday, marking another milestone in its increasingly ambitious space program, which envisions a mission to Mars by the end of this decade and its own space station by around 2020. In a cloud of smoke underneath a mid-autumn full moon, Tiangong-2 roared into the air at the Jiuquan Satellite Launch Center in northwest China's Gobi desert, on the back of a Long March-2F T2 rocket at 10:04 p.m. Beijing Time. The Long March-2F T2 is a two-stage launch vehicle that uses four strap-on boosters during its first stage. About 20 minutes later, the mission was declared a success. Tiangong-2 separated from the rocket and entered the preset orbit 575 seconds after blast-off, a statement from the mission control read. While in space, the 8.6-tonne Tiangong-2 will maneuver itself into an orbit about 380 kilometers above Earth for initial in-orbit tests. It will then transfer to a slightly higher orbit of about 393 kilometers above Earth's surface. Later, the Shenzhou-11 manned spacecraft will carry two astronauts into space to dock with the lab. The astronauts will work in the lab for 30 days before returning to Earth.

    rightwaysTiangong-2 will reach orbit in 585 secondsTechnical upgrades and innovationsrightwaysTiangong-2 will reach orbit in 585 secondsTechnical upgrades and innovations

    0 0

    It was a case of chin up, chest out at the recently concluded CIFIT in Xiamen, with the doors swung wide open to foreign sophisticated industries and its private industries poised to venture out. China’s economic growth may be slowing down after three decades of high growth, but the 19th China International Fair for Investment and Trade (CIFIT) held at Xiamen from Sept 8 to 11 showcased a “new China” that is confidently restructuring its economy in response to global challenges. CIFIT 2016 themed “New Concept, New Development: Towards a new world of open economy” clearly signified China’s readiness to embrace reforms, after it has sailed through the exciting period of opening up in the 1980s-1990s, and the 2008 crisis that hit its industries badly. A new China will discard China-made cheap and low-quality industrial products, and counterfeits – rampant at the beginning of the opening-up and even to this day, but will want to see quality enterprises that can compete internationally with high-end goods and services, such as those provided by Huawei, Lenovo and Haier. The financial crisis of 2008 and China’s disappearing demographic advantage, as well as external trade friction, have forced industries and the economy to go for structural changes. Slower economic growth backed by quality investments is to be the new norm.

    rightwaysrightways

(Page 1) | 2 | newer