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Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
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India and ASEAN signs Trade in Goods Agreement

ASEAN –Southeast Asian trading bloc and India at last are prepared for signing a free trade agreement in goods like European Union style open market. The pact was supposed to have been reached last year but could not be, because there was some difference of opinion on products that India wanted to exclude from tariff cuts. New Delhi bad submitted a list of 1414 products, while the ASEAN`s target number was 400. India`s commerce minister Mr Kamal Nath described as “key regional milestone” this Trade in Goods (TIG) agreement with the 10 member ASEAN. The deal is likely to be signed in the next December in Bangkok during Indo-Asean summit. The minister observed “The countries of East Asia are important drivers of growth……with large consumption to drive global economies”, he referred to the combined market of 1.5 billion people that is waiting to be tapped. India and ASEAN currently enjoy a total trade of $38 billion and expect it to touch $50 billion by 2010. Under the pact India and ASEAN will eliminate import duties on 71 per cent of products by 31st December 2012 and another nine per cent by 2015. Duties on eight to 10 per cent of the products that have been kept in the sensitive list will also be brought down to five per cent. India had already reduced tariffs unilaterally. India`s peak tariff rates now average 9.7 per cent compared to 20-25 per cent five years ago. A limited number of products will be excluded from tariff concessions based o the domestic sensitivities of the respective countries. The TIG has provisions for a special track for tariff reduction for five products, which are key to exports of some ASEAN members. These are crude, refined palm oil, coffee, pepper and tea. Both sides will also negotiate trade in services and investment as a single undertaking as soon as possible. Malaysia will co-chair the working group on investment with India while the working group on services will be co-chaired by Singapore. It appears the prospects of growth in trade and investment is immense.
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