Minggu, 25 September 2016

Austrian woman among two people killed by Indonesia ferry blast

DENPASAR, Indonesia, Sept 15 (Reuters) - An explosion on a ferry carrying 35 tourists between the Indonesian resort islands of Bali and Lombok killed two people on Thursday and injured several, police said. The Austrian Foreign Ministry said an Austrian woman was among the dead. Earlier reports had said the two casualties were a Dutch citizen and an Indonesian.

"Up to now, two people have died, but I don't know the details of their identities," said district police chief Sugeng, who, like many Indonesians, uses only one name. Several injured tourists were being treated in hospital. Police denied reports of a bomb attack, saying instead that they suspected a gas cylinder explosion. "We confirm there was no bomb on board," Sugeng said. "The explosion happened because of ... a gas cylinder close to the engine." Bali and neighbouring Lombok are two of Indonesia's most popular holiday destinations. (Reporting by Fergus Jensen and Reuters stringer in Denpasar; Additional reporting by Shadia Nasralla in Vienna; Writing by Kanupriya Kapoor; Editing by Nick Macfie and Robin Pomeroy)

Sabtu, 24 September 2016

Aussies finally arrive home from Bali

More than 850 people have made it back to Australia from Bali as flying conditions improve around Denpasar Airport.  

Although Mt Rinjani in Lombok continues to erupt, the ash cloud around the airport has moved away. Jetstar has flown holidaymakers back home on Wednesday during a short window of clear flying conditions, while

Virgin Australia says it will operate the remainder of the day's flights from Bali. All Virgin Australia flights from Australia to Bali remain cancelled until Thursday morning when the airline will update customers on its afternoon plans. Jetstar has indicated it plans to operate all services to and from Bali if the ash cloud remains clear. In addition, the airline will bring back 2200 customers on 11 recovery flights. The flights come after four Jetstar planes were forced to turn back mid-air on Tuesday because of the volcanic ash cloud.

Indonesia shuts Bali airport for second day running

Bali's international airport will remain closed until Friday due to ash erupting from a nearby volcano, Indonesian officials said, grounding hundreds of flights for a second consecutive day.

The Ngurah Rai International Airport on the resort island has been closed since late Tuesday because of a large ash cloud drifting from Mount Rinjani, an active volcano on the nearby island of Lombok.

Authorities on Thursday confirmed Bali's major terminal would remain closed until at least Friday morning, leaving thousands of passengers in the lurch for another day, as they wait for conditions above the airport to improve.

Passengers wait for information on delayed and cancelled flights at the international departure area of Bali's Ngurah Rai Airport in Denpasar, on November 4, 2015 ©Sonny Tumbelaka (AFP)

"The closure of Bali's Ngurah Rai International Airport... will be extended until approximately 07:45am (0045GMT) on Friday because of volcanic ash from Mt Rinjani," transport ministry spokesman J.A. Barata told AFP by text message.

Two airports on Lombok -- including the international terminal -- and a smaller airport on East Java that were all affected by the ash would also remain shut, he added.

Nearly 700 flights, including 320 international ones, were cancelled between Tuesday and Thursday due to the closure, airport manager Trikora Harjo said. He did not have an updated figure on how many more would be cancelled as a result of this latest decision.

Virgin Australia confirmed it had cancelled all flights for Thursday and Friday to and from Bali as a result of the "unsafe" flying conditions, while Jetstar scrapped its Denpasar-bound flights for Thursday and some for Friday.

Indonesian carrier Garuda also cancelled all flights for Thursday in the affected area, while AirAsia said as many as 67 flights to and from Bali would not be proceeding.

The mass cancellations spell travel chaos for thousands of stranded passengers in Bali, including India's Vice President Mohammad Hamid Ansari, who wrapped up a state visit Wednesday and was due to depart the holiday island until his flight was grounded.

The deportation of an Indian fugitive wanted in his home country for up to 20 murders has also been delayed, after the crime boss was arrested in Bali more than a week ago.

Air traffic is regularly disrupted by volcanic eruptions in Indonesia, which sits on a belt of seismic activity running around the basin of the Pacific Ocean and is home to the highest number of active volcanoes in the world, with around 130.

Mount Baru Jari spews volcanic ash on Lombok island, Indonesia's Nusa Tenggara Barat province, on November 1, 2015 ©Pikong (AFP/File)

Senin, 26 Oktober 2015

5 mistakes to avoid while buying a business

Here are five most common slip ups while a buying business.

1. Growing fond of a business, excessively - This is perhaps the most common of all mistakes in buying a business. Say, your targeted business is in a good location, makes good money, has experienced staff and has a decent reputation in the market. You think you finally found the business you were looking for.

Well, you might just be a victim of love at first sight. Buying a business needs crunching a lot of numbers such as payables, loans, competitive analysis, business reputation, and so on. It's wise to keep emotions aside and be financially astute while evaluating business alternatives.

2. Fail to assess correct synergies - Often it is a better choice to buy a business rather than starting from ground up. Assessing synergies is at the crux if you plan to buy a new business to make your existing business more competitive and profitable. For those who need the biz word translation, synergy means two or more things working together can produce more results than working individually.

You will need deep analysis of venders, supply chain, business operations and so on. Seeking professional's advice will go a long way.
3. Not doing enough homework -Often entrepreneurs fail to understand why the business is on sale. You need to dig in deep to see through the real picture. Compare the target business with others in its industry and try to ascertain its competitive positioning, check out what customers and venders say about the business.

<u><b>Get a 360 degree assessment of every potential business on your buying radar.</b></u>
4. Relying too much on financial documentation - Watch out window dressing of the balance sheet. Engage a business valuation expert if needed or else you risk making such a vital decision on marshy grounds. It is strongly suggested that you get the contract terms in writing.
Should there be a dispute in the future, you have the solid documentations to fall back on.

5. Not using an intermediary for negotiation - Negotiating the deal can be extremely stressful. Every nuance needs to be worked to the hilt. The legal jargons, terms of purchase, modus operandi of management processes and so on involves lot of time and can be overwhelming.

This is where expert business brokers come to your rescue. Choose your business broker wisely and get maximum value of you money.

Business brokers will show you options that closely match your requirements so you are less likely to be compromise by limited choices. They have experience and are business astute to get you the best synergy with the targeted business. With their business valuators, you pay a fair price for the business acquisition. They have the expertise in documentation and so not even the minutest detail is evaded from the contract.

The property business is on the rise and so are property scams. You need right people by your side to keep from fake sellers and loosing out your money on illegitimate deals. It is suggested to hire a third party to represent you in the deal. You will be surprised at the benefits of engaging professionally trained business brokers.

Minggu, 16 September 2012

The success of a business transaction can have a major influence on business owners

The success of a business transaction can have a major influence on business owners. In fact, most business owners only experience one exit in their life and most owners do not have any idea or plan of how they will exit. This lack of a plan and knowledge of business transactions can lead to major mistakes than can have a huge impact on a family and others lives. When in the right hands however, these mistakes can not only be avoided, but the business transaction can be a huge success resulting in a very positive impact on lives.
One of the major mistakes in a business transaction is determining true market value. A buyer does not want to pay much higher and a seller does not want to sell for much lower than true market value. As experts in business valuation NJ, A Neumann and Associates has completed thousands of Business Valuations. Confidentiality is key as is getting a Business Valuation from a professional third party to avoid any bias. In fact, most business buyers and financing underwriters will not take a business seller seriously if they do not have a professional, third party business valuation.

With 25 years of experience as a premiere and reputable Business Broker in New Jersey, A Neumann and Associates have been providing expert service to Business Owners including Business Valuations in NJ. The testimonials, track record and network of affiliates have long been a huge buying and selling advantage. As expert Business Valuations NJ specialists, they can assist business owners determine the true market value for any reason. Be it sale of the business, estate planning, financing, dissolution of a partnership, divorce or other reasons, you will be in expert hands with A Neumann and Associates.

A lot goes into a Business Valuations, a formula or calculation does not exist that can actively determine the true market value of a business. Many things have to be considered such as assets, profits, years in business, potential growth, similar business sales, economy, financing options, buyer demand, buyer and seller motivation, timing, terms, location, etc. Professional Business Valuations are a crucial part of business transactions. They are obtained only through professional third party experts.

Why a third party? This is an important question. When a business valuation is conducted by a party that is representing the buyer, it may not be objective. The valuation could be favorable and much lower than true market value. Similarly, a party representing a business seller can value a business much higher as that benefits their client.

A Neumann and Associates is just that, an expert business valuation firm in NJ. We not only have a guide on Business Valuations on the site but also a Sample Business Valuation Report. If you have a need for a business valuation New Jersey, look no further than A Neumann and Associates by requesting a confidential consultation at website Valuations In New Jersey