World Business News

Archive for the ‘global economy’ Category

Ecuadorian President Rafael Correa expressed his interest in visiting South Korea in the second week of next September with the aim of strengthening bilateral ties and to identify funding for the construction of a petrochemical complex in the country. The announcement was made Thursday’s deputy foreign minister of Ecuador, Lau taro Pogo, during a meeting held in Quito with his South Korean counterpart, Shin Kak-Soo, who delivered an official note in which Correa expressed interest to visit Seoul, accurate a Foreign Ministry statement.

Deputy Foreign Minister referred, in particular, the possible funding for the construction of the Refinery of the Pacific “, a petrochemical complex being carried out by the state oil companies of Ecuador and Venezuela (Petroecuador and PDVSA, respectively).

The industry plans to build a section of the Mumbai province on the Ecuadorian coast, with an estimated investment of 12,000 million dollars, whose studies are in charge of South Korea’s SK Engineering and Construction Co. Ltd.

In this regard, South Korean Deputy Foreign Minister reiterated that the state-run Korea Electric Power Corporation (KEPCO) is also interested in investing in Ecuador and support the government in Quito on various projects.

Shin Kak-soo stressed that Ecuador with the opening of an office of the Agency of Korea International Cooperation Agency (KOICA), “seeks further developing the themes of economic and technical cooperation”, both reimbursable and non-refundable.

If you’re disciplined and have carefully prepared yourself, your fate will be a sales manager with leadership and influence in your sales team. In the following lines I want to show you that I have very colloquial names: “The magical powers of all sales managers.”

If you are sales manager, you should live your business with a passion to motivate your sales team, and that passion is a sign of credibility that has developed from your good record and correct performance. Also, the sales manager reveals the passion to transform and give their well-being team. When a sales manager admires their vendors, recognizing their achievements, the drives and motivates them permanently.

When a sales manager believes his vendors, he shows genuine appreciation and it is almost certain that they will return the admiration, respect, and placed all their trust in him or her. Unlike the sales manager that covers only one post and never spends time talking to their vendors, since it leads by example and find positive features in them. The permanence of this manager will soon discover just because sellers of low quality human whose name “their leader.”

Remember that passion for doing what we love will always be the best credential of individual success. Put magic into your passion, I know enthusiastic, believe in your dreams, and your vendors will begin selling soon so that nobody can stop.

A sales manager once asked me, How I can achieve that state of passion and that is reflected in my work? My answer was, start with the basics, watch your health, eat properly, especially not drink alcohol or refined sugars or flour or meat, consuming water, exercise, and sleep at least seven hours a day. It then performs a self-analysis to define some parameters that will lead you to experience being in your personal life. Ask yourself, how my life is economic, spiritual and psychological? Do you enjoy your partner? Are you spiritually free? Your statement is in order?

I have not met anyone who can live passionately and show enthusiasm for what he does with a large number of unresolved situations which directly affect their lives. You understand that we will always have problems, but the important thing is to live with problems for which we can solve them rather than learn to live with them and make them part of our lives.

As for your economy, being financially independent does not mean you have to be a millionaire, rather it is to not spend more than you earn. If you are sales manager, always save a portion of your income. When this action to life, find the peace and well cherished. In the beginning I had bad experiences because in my youthful immaturity squandered everything he earned. Until I acquired the habit of saving could feel the joy of selling by conviction, not out of desperation.

Because of the recent financial crisis, the credit insurance industry globally faced an explosion of defaults, losses and increasing recording fees. However, according to the CEO of Co face Chile, Louis des Cars, the new global crisis post opens better perspectives. And just look for those opportunities is the focus for 2011 from this firm specializing in credit insurance, which offers protection products in commercial transactions between companies, covering default risk on the sale of goods or services through to invoice factoring domestic and foreign operations.

How does the outlook for the industry in 2011?

- We see no recovery in the global economy, we are far from the risk of a double dip recession, but there are factors of fragility, because the problems of developed countries are transferred to the kids. Yet the economy has improved, that is why insurance rates should not raise more credits. Last year also increased, by contrast, there was a tendency to lower your premium because sales volumes still were not pre-crisis levels in many countries, especially in developed countries.

- Does the recovery should not drive up prices?

- No, the prices should not increase. There is a slight recovery; obviously, that if during the year there is a sharp rise in defaults would rate adjustment. Today the scene is more or less controlled, there is positive news but there are always risks.

- What are those risks?

- In the developed world see little growth, States’ debt, volatility of food prices, war coins, bubbles in bank loans, financial market volatility and inflation risks. In the more strength, we see emerging through with the trade balance surplus, low public debt and macroeconomic fundamentals better than the developed countries.