Influence of Banks on the Economy and Finance Sector

Influence of Banks on the Economy and Finance Sector 1. Introduction Fundamentally, banking is a process that help the people to solve the problem in financial, for instance DBS. The term â€Å"finance† sector is the regulatory framework that permit transactions to be made by incurring and settling debts (Parkin, 2014). Banking and finance means a lot in Singapore economy as it helps the Singapore economy to growth gradually over the last one and a half decades. Besides, the economy of Singapore become the strongest among the Asian (Top 10 most competitive economies in Asia-Pacific | World Economic Forum, 2015). Most of the bank are earning profit by charging interest on money that the bank lend and by trading financial instruments in the financial markets (Risksandrewards.org.uk, 2015). Thus, almost every bank is seeking the rich person and give them the best offer and try to persuade them to save the money in their bank. 2. Contribution to the national economy 2.1 Job Market Basically, job market implies the employer looking for employee and the employee that is looking for jobs. Whether the job market grow or shrink, it is depends on the labour demand and supply within the long-term economy. (Investopedia, 2010). Job market has help Singapore economy, according to Ministry of Manpower report, the jobs that available has risen to 67,400 and it is the highest level in six years (Stats.mom.gov.sg, 2015). The jobs help the citizens and foreign workers to get the job more easily in Singapore, thus, the unemployment rate also has been decreased steadily (Channel NewsAsia, 2015). Moreover, the banking and finance sector help the SMEs with provide loan as much as possible and once the SMEs expanded their business and it will let the Singapore economy become more stable. 2.2 Local Financial institution investing offshores projects The primary transaction of local financial institution is dealing with financial transaction, for example, deposits, loans and investments. Practically, everybody has deal with financial institution all the time. Everything from keeping cash to taking out loans and exchange currencies must be done through financial institutions (Investopedia, 2006). Singapore have to build up the local financial institution so that Singapore itself able to invest the offshore project. Thus, the economy of Singapore will go steadily. Singapore has to use it advantage which is longstanding position as a main trading hub in the Southeast Asia, so that Singapore allow to proceed with the projects. The strategy which Singapore used has promote and develop the strategy to let Singapore to become offshore trading hub for the import and export for the foreign currency. By that time, Singapore foreign exchange market has been inseparable. Thusly the banking and finance service sector has been becoming emphati cally as the year goes through with the enormous economic growth that the Singapore is encountering. Growth in the foreign exchange market has surpass the economy in Singapore and it served to create a lot of worldwide banking institutions. For instance, Singapore leading the global marine and offshore engineering market (Singapore Economic Development Board Investing Business in Singapore, 2015). 2.3 Financing SME SME is extremely important to the Singapore economy said by Finance Minister Tharman (Channel NewsAsia, 2015). The Ministry of Trade and Industry (MTI) announced a series of measures to enhance support for SME to restructure and achieve quality growth. Furthermore, the government will enhance support the SME in the areas of productivity, innovation and capabilities upgrading in order to boost their capabilities and remain the competency between the SME (Mti.gov.sg, 2015). In additional, SMEs are important to economy of Singapore as they make up 99% enterprises, said by MR Tan Ser Luck. As Singapore is a small domestic market, so the SMEs need to take risk abroad relatively in the development in order to grow and there are approximately 74% of the SMEs export the goods and services (News.gov.sg, 2015). 3. Challenge facing by this sectors in present and future 3.1 Government regulation and deregulation Government regulation which means that the law that pass down from government is to control business in order to protect the consumers interest and government institute regulatory law. In contrast, deregulation means government rules and law is removed (Everyday Life Global Post, 2015). There are a ton of regulation that they have to follow all together for the sector to growth in the economy. Without inputting the regulation to sectors, most of the consumer will not be protected if the business has an unscrupulous activity. Banking and finance services sector will face challenges if deregulation happen and it will wind up have confusion in the economy. To keep chaos from occuring in the Singapore economy, it is a difficulties for the government to turn out with the laws and laws for this sector. 3.2 Shortage of skill talent Deficiency of skill talent defined as there is not enough of skill and talented people to help the firm to gain profit by using less employee making more yield. According to the secondary data, runs a business effectively, almost 45% of employers believe that if want a business runs effectively, the skilled talent deficiency is the potential people. Hays done a surveyed of the bosses represent to the employees and it had also figured out that banking and finance services sector is one of the troublesome expert to hire the employees (Hays.com.sg, 2015). According to Hays deficiency of skilled talent may influence the operation and growth of the association. This has additionally indicate the employers in the association to be inventive to attract more employees in this divisions. 3.3 Cyber-crime Basically, Cyber-crime are people utilizing distinctive sort of electronic devices to admonish, affront or login to unauthorised system to abuse the information without authority permission. In Singapore, cyber-crime is one of the difficulties confronting by the banking and finance service division in light of the fact that annual crime brief in 2014 cyber-crime exercises has increment by 1149 cases to make an aggregate of 1659 cases. By contrast, with year 2013 which just have 510 cases. In this cyber-crime it also incorporate crime cyber-extortion, web adoration trick are some of the fabulous crime that are hard to control that why this is one of the difficulties that is face by banking and financial service sector as all this cyber-crime include huge measure of cash being scam (SPF, 2015). 4. Strategic planning by this sectors in the present and future 4.1 Training and Education Due to the shortage of skill and talented employee, training and education is the best planning. The employer send the underperformance employees for training in order to upgrade themselves and learn to be more skilful at the same time while education is send the employees to advance study to gain more knowledge and get a better and higher qualification so can get the banking and finance job. In the banking and finance sector, it required extensive knowledge and skilled so that can produce the good work easily. Banking and finance are very competency as this sector get the very high salary and that’s why government always encourage the firm to send their employees for training to let them be more professional so that it can build up the national economy in Singapore. 4.2 Security and Regulation Security and Regulation is a certificate and all the rules and regulation of the company are stated in the certificate. Singapore government has created the security and regulation in order to preserve the economy and the external intimidation to come into Singapore (Acharya, 2008). Furthermore, security and regulation can preserve the national interest. Therefore, every single rules and regulation has a huge impact for every country and the government have to set it carefully. 5. Conclusion Banking and finance is essential to every country as it will impact the economy of the country. In Singapore, Monetary Authority of Singapore support this sector by setting rules and regulations to supervise the financial institutions. The purpose is to make sure every financial institution abide rules and regulations and hope that this banking and finance sector will create more jobs for and build the Singapore economy stable and better, and have a bright future.

The Handmaids Tale Essay -- Margaret Atwood Handmaids Tale Essays

The Handmaid's Tale The Handmaids Tale, written by Margaret Attwood, goes on to explore the consequences that come to be from the reversal of womens rights in a society called Gilead. It is what one can consider a cautionary tale. In the new world of Gilead, a group of conservative religious extremists have taken power, and have turned the sexual revolution upside down. The society of Gilead is founded on what is to be considered a return to traditional values, gender roles and the subjugation of women by men, and the Bible is used as the guiding principle. It differs completely from the society, which was once the place in which Feminists argued for liberation from the traditional gender roles. What women had worked hard for in the area of gaining rights to birth control, legalization of abortion and an increasing number of active female voters, had been completely reversed in a short period of time. Not only were women now forbidden to vote in Gilead, they were also denied the right to read or write, according to the new laws of the establishment. The Handmaids Tale portrays that of a totalitarian society, and reflects a dystopia, which goes on to explore the interaction between sexuality and politics. The main character within the novel is Offred, who also happens to be a handmaid in the Republic of Gilead. Offred is not the Narrators real name; it is her handmaid name, which is derived from the word of followed by her Commanders name. Because of low birth rates, Handmaids are assigned to bear the children for the elite couples within Gilead, who have trouble conceiving. Offred serves the Commander and his wife Serena Joy. Serena was once an advocate for the concept of traditional values, before the establishment of Gi... ...ppression and the dangers of a patriarchal society. The Handmaid's Tale has many elements of social decline written into its plot. From the way women are mistreated to the way corruption and evil have infiltrated the government and army, to the way the black market plays a key role in many people's lives causing a majority of society to become criminals makes it clear how social decline plays a key role in the book. There is also a strong sense of moral decline in the book. If a person, regardless of sex, doesn't fit into the role expectation, he or she is eliminated, exiled from Gilead, and left for dead. Dystopia, the final determinant in the success of The Handmaid's Tale is an imaginary world gone sour through idealism that fails to correspond to the expectations, principles, and behaviors of real people. Works Cited Atwood, Margaret. The Handmaids Tale

Goals of Education

Ani Antonyan Goals of Education Education has been playing a rather important role in the development of mankind since the genesis of humanity. It has passed through different time periods and, consequently, through different modes. Even kings and queens of unmemorable times attached great importance to education as in it they saw the future of their nations. We also should realize what a great role it plays in our lives and in the future of our countries.In fact education is essential for every individual to develop its personality and find its place in the society, meanwhile, as we know, each society and nation, consists of individuals , thus it is significant for progress of countries as well. Educated people are more confident and normally know what they want from this life. Education helps to form character and develop personality. It shapes critical thinking , and analytical abilities which are substantial for each person who wants to achieve heights .The more you study, the mo re you need to study , thus an endless process of learning starts. Whilst you study your brain is working. And this is the pledge of staying young and energetic. After all let’s not forget that it gives us special qualification to find jobs and earn our living. Educated people are needed in each sphere of life and there is no way out without them, because they are able to demonstrate professional treatment.It is a general knowledge that the whole consists of parts. The same way the society consists of individuals, who live, work and communicate within the scopes of that society . Therefore the many educated people form the kernel of society the more it is prone to advance. That’s why so many governors are concerned to have educated generation who will worthily appreciate the inheritance they have and add to it innovations in order to leave it for next, hopefully more educated generation.Thus , the main goals of education are helping people to be more literate and self- confident and keep the brain in healthy condition . Having received worthy education you can necessarily be useful to your country and such people as you. Besides, being educated you have more possibilities to find a good job and to provide a worthwhile living for yourself and your family. Finally let’s keep in mind that it is interesting to communicate with a person who’s educated. Therefore, it is impossible to ignore the significance of education.

Canterbury Tales; Analysis of the wife of bath and satire in her tale Essays

Canterbury Tales; Analysis of the wife of bath and satire in her tale Essays Canterbury Tales; Analysis of the wife of bath and satire in her tale Paper Canterbury Tales; Analysis of the wife of bath and satire in her tale Paper Essay Topic: The Canterbury Tales Canterbury Tales: Analysis of the Wife of Bath and Satire in her Tale Name: Institution: Lecturer: Course: Date: Canterbury Tales: Analysis of the Wife of Bath and Satire in her Tale The Canterbury tales are a collection of tales told by Geoffrey Chaucer. The Wife of Bath’s tale helped explain the duties of women in the middle ages. The wife of bath refers to herself as Alyson and Alys in the text. She bickers a lot, and confuses her names with those she uses while gossiping with other women. In the tale, a knight present in King Arthur’s court rapes a woman in a wheat field, a crime that attracts the death penalty. However, he is reprieved after the Queen and knight’s lovers intercede in the matter. The knight is handed over by the king to the Queen for judgment, she sends him on a mission to find out’what women really want than anything else’. She gives him exactly 366 dayscome up with a conclusive answer, if the knight does not have a fit enough answer for the Queen he risks his life. In his quest, he finds different answers from every woman he meets, some tell him that they like flattery and others prefer riches. During the entire year, he fails to find a conclusive answer and decides to risk his life and return to the Queen and inform her of his findings. However, on his journey back home he meets a very old woman he seeks aid from. She however issues him with a condition if she tells him the answer to his query, she asks him to grant her a request at any time she pleases, and they together head towards the palace after he agrees to her conditions. After arrival at the palace, the knight tells the queen that women seek sovereignty over their husbands, which is the answer that the queen was looking for. The old woman claims her request and asks the knight to marry her, which he adamantly protests. However, because they had agreed to such terms the knight is forced to marry her the following day. During their first night of marriage, the knight is discontented given her hideous apprearance old. She asks him to make a choice between her appearance and characterand being beautiful and promiscuous. He gives her the appropriate answer, she is impressed with his mastery, immediately changes, and becomes beautiful, and they live in marital bliss ever after. The tale clearly shows satire in that the knight had journeyed for over a year in pursuit of an answer as to what women want than anything else in life. He is lucky enough to find a woman with the right answer for his question as he heads back to the palace to meet his fate of death. The literature work is clearly satirical in that the knight was able to escape the consequences of a crime punishable by death by being given a task that many people would regard as simple. The knight is also witty enough to manage to give his new aged bride an answer that prompts her to change and become beautiful and fair. The text is also satirical enough in that the knight was heading back to the castle whereas he faced imminent death due to his crime instead of running away. Various themes also come into play in the text. The presence of crimes against women is not punished adequately, and this clearly shows that crimes against women are casually handled. Social prejudice against women is depicted in the works in that the old woman was living all by herself in the woods, and the young man thought of her as ‘very ugly and low born’, showing that people who are perceived as ugly are not given the chance to coexist with other people. Bath’s wife also depicts ant ifeminism, in that she remarries severally that their culture was based on antifeminist traditions. Morality also becomes an issue because Alison, Bath’s wife, claims that ‘For hadde God commanded maydenhede. Thanne hadde he dampened weddying with the dede’, meaning that had God found it necessary to condemn marriage and procreation he would have commanded virginity. She also says, â€Å"How pitously a-nyght I made hem swynke!† (Chaucer and Malcolmson, 1964) This clearly shows that she had disregard for sexual morality, and was very promiscuous to a point of noting such from the Bible. Her sexual immorality is also depicted by the fact that she has married several men, and does not seem to think that she will fully settle with one husband. Religion is another theme that comes into play in that Alison has the audacity to refer to the Bible with her promiscuity in mind as also shown in the words, †As help me God, I laughe when I thynke’’ (Chaucer and Malcolmson, 1964). This shows that she still had regard for the Christian religion. Female dominance is also a theme that was shown in the text through the words, â€Å"Unnethe myghte they the statut holde/in which that they were bounden unto me/ye woot wel what I meene of this, pardee/How pitously a-nyght I made hem swynke!† meaning that men must prove to Alison that they can satisfy her sexual appetite before they can have her as a wife (Chaucer and Malcolmson, 1964). Materialism is also a theme that is recurrent in the text in that Alison weighs love from men in economic terms. The use of words such as ‘dette’ meaning debt, ’paiement’ meaning payment show that she regards affection in monetary terms, thus she is very materialistic. Such terms may be used to conclude that she is a prostitute. In her statements, she seems to conclude that ‘love’ as an act that warrants ‘paiement’ in her own works (Chaucer and Malcolmson, 1964). Preferred behavior in marriage is also a theme that is brought forth in that she does not act as a real wife would. She says that she is used to telling lies to her former husbands and how they get drunk and saying some very insulting words. In conclusion, it would be easier to say that the Chaucer’s main purpose was to show what the role of a woman should be by giving the audience an example of the opposite of a good marriage. He also wanted to show the effects of infidelity in marriage, whereby it leads to separation and sexual immorality as individuals seek sexual gratification. References Chaucer, G. and Malcolmson, A. B. (1964). A taste of Chaucer: Selections from the Canterbury tales. New York: Harcourt, Brace World.

Free Essays on Human Right

Human Rights The article â€Å"Human Rights as a Common Concern† by Charles R. Beitz a professor of government at Bowdoin College published in â€Å"American Political Science† review. As shown by the title of the article it is about the Universal Declaration of Human Rights and the human rights of everyone in individual nation-states. â€Å"The global human rights regime is almost certainly more influential today then at any time since World War I† (Beitz 269). The rights have been influential in the U.S. the most in the last few weeks. Beitz points out international human rights as partisan standards. His fist thought is what the international recognized human rights and the five separated categories. â€Å"The rights of the person refer to life, liberty, and the security or the person; rights associated with the rule of law include equal recognition; political rights encompass freedom of expression; economic and social rights refer to and adequate standard of living; rights of communities include self-determination and protection of minority cultures† (Beitz 271). As you look at these rights that are recognized by the nation-states they look very similar to the United States Bill of Rights. After the five categories Beitz tells about the rights of the individual nation-state gives to its people, for example, the FGM in Sahelian African. The following section, Beitz discusses neutrality and paternalism. â€Å" The evident partisanship of international human rights doctrine has led some philosophers to suggest that we should distinguish between the full set of values recognized as human rights in international law and or human rights proper† (Beitz 272). He also illustrates moral codes, different moralities and global moral pluralism. He gives the example of R.J. Vincent and his book about the â€Å"core of basic rights that is common to all cultures despite the apparently divergent theories.† Beitz also gives several other exa... Free Essays on Human Right Free Essays on Human Right Human Rights The article â€Å"Human Rights as a Common Concern† by Charles R. Beitz a professor of government at Bowdoin College published in â€Å"American Political Science† review. As shown by the title of the article it is about the Universal Declaration of Human Rights and the human rights of everyone in individual nation-states. â€Å"The global human rights regime is almost certainly more influential today then at any time since World War I† (Beitz 269). The rights have been influential in the U.S. the most in the last few weeks. Beitz points out international human rights as partisan standards. His fist thought is what the international recognized human rights and the five separated categories. â€Å"The rights of the person refer to life, liberty, and the security or the person; rights associated with the rule of law include equal recognition; political rights encompass freedom of expression; economic and social rights refer to and adequate standard of living; rights of communities include self-determination and protection of minority cultures† (Beitz 271). As you look at these rights that are recognized by the nation-states they look very similar to the United States Bill of Rights. After the five categories Beitz tells about the rights of the individual nation-state gives to its people, for example, the FGM in Sahelian African. The following section, Beitz discusses neutrality and paternalism. â€Å" The evident partisanship of international human rights doctrine has led some philosophers to suggest that we should distinguish between the full set of values recognized as human rights in international law and or human rights proper† (Beitz 272). He also illustrates moral codes, different moralities and global moral pluralism. He gives the example of R.J. Vincent and his book about the â€Å"core of basic rights that is common to all cultures despite the apparently divergent theories.† Beitz also gives several other exa...

Job Description Essay Example | Topics and Well Written Essays - 500 words

Job Description - Essay Example Other responsibilities included input of system parameters, inventory analysis, Purchase Requisition, shortage status and follow-up of Pending Purchase Orders, required to make independent decisions on system and schedule requirements based on job knowledge. He/she should also be in-charge of managing program planning and material requirements, material Status planning and material support budgets, maintain current and accurate status of material procurements. Providing interface and coordination between all End Users, and recommend and implement stock reduction proposal and through forecast and estimates is also under his/her scope. Also, must be able to recommend logistics requirements to Procurement Department, program material budgeting, forecast, allocation, execution and reporting, execute planning and material availability and calculates Work Center Loads and Capacity Requirements. 6. Constantly reviews and analyses materials inventory policies and makes recommendations for changes. Identifies opportunities for inventory cost reductions. Maintains overall inventory support for the Company's operations at all times. 7. Co-ordinates periodic reviews of SAP based inventory system to reconcile stock records with actual stock. Investigates discrepancies, prepares reports with recommendations for corrective action where necessary. 8.

Increasing or restricting Andragogy Essay Example | Topics and Well Written Essays - 3000 words

Increasing or restricting Andragogy - Essay Example First, there is the problem within the nomenclature itself, problematized by both the terms 'adult' and 'education' that constitute it. Secondly, there is the problem of dissociating the term from within a matrix of related, but at more fundamental level, different terms like 'continuous education' and 'andragogy'. What really adds to our problem in this respect is the fact that we have to approach this problem at a time when an unprecedented complexity within the social formation itself has rendered educational institutes and education, both in definition and practice, complex. Therefore, we have to take into account both the objective semantics of the term as well as try and locate it within a specific twentieth century educational context.The term 'adult education' is a comparatively new one, coined much after it was actually in practice. It is a result of many years of evolutions, and its meaning, even now is far from simple and monolithic. Even as early as in 1927, Hall-Quest co nceded the difficulties in defining the term. One of the biggest problems related to the definition of 'adult education' is, whether it refers to a set of methodologies by which 'adults' can be taught, or is it a holistic term that includes the general endeavor of educating adults in a specific way as well as a detailed study of government adaptation and subsequent implementation of policies that target the adults specifically as the subject of educational instruction. Theorists like Alan Rogers have defined adult education as a process 'whereby anyone over 16 (or whatever) are treated as adults - capable, experienced, responsible and balanced people'. Such a definition has two major problems; first 'adult education' becomes synonymous with 'andragogy' thus affecting the semantic rigor of the term. Secondly, values like capability, experience and responsibility are more often than not terms defined by culture and there is no platform or parameter that is universally agreed upon, whi ch makes the term can lacking in ethnographic rigor. It is therefore, important that we first clear the ethnographic tangle and then go on to arrive at a working definition of the term. Who is an 'adult' It is probably the first major question we have to answer before we get into any further exposition of the term. An adult can be defined in respect to age: affixing a cut-off age as in legal and administrative procedures. However, in all streams of study and human discipline this parameter is the least applied. There are various methods of measuring adulthood, which are not concrete and yet central to an understanding of the phenomena, across the world which can often differ, and at times even oppose one another. Adulthood, in the West, is often associated with the ideas of independence, to have one's own principles and perceptions on life and the ability to live up to it. It is integrally connected to question of self-sufficiency and living on one's own term - which by corollary, means an ability to satisfy one's own desires. In a num ber of Oriental cultures, Japan for example, this itself can be a mark of juvenile world-view and immaturity, because in that culture it is the ability to submerge one's own desires and to sacrifice them is what is counted as a true adult behavior. These dichotomies immediately place any ethnographic approach towards defining the term on slippery and problematic ground. Similarly there is little agreement