Saffery Champness is an independent chartered accountancy firm that has established itself at very high echelons in UK. In fact, it is deemed within the top 20 firms here. It has its offices spread across UK and also touching on the fringes of Guernsey and Geneva (Switzerland).

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Landed Estates Group, Landowners and diverse Rural Businesses get adequate recommendation and sincere advice from Saffery Champness. Charities and non-profit organizations get a fair amount of succor from the firm too. Even the public organizations and independent schools do not fall out of its ambit. The SME’s gain brilliant insight into taxation, finance and compliance through the treasured wings of Saffery Champness. Private clients and their families benefit nonetheless.

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The global economy recession has now touched the world’s largest mobile phone manufacturer Nokia Corporation. Nokia has planned to cut back on staff. The cell phone giant has announced it plans to shed around1,700 jobs globally because of a cutback in cell phone sales. It employs more than 125,000 workforces worldwide. The sales have been hit hard by the recent global economic downturn.

As it sales are falling so the company is taking several steps to manage their loss. They try to cut cost anyhow. So, as a part of a key cost-cutting drive, the giant announced the redundancies are going to be made across several departments to cut costs by roughly 700 million euros.

After BDR carnage, it was another stumble for Bangladesh as more than 300 Bangladeshi workers returned home Friday from Malaysia. Remittances by workers (who work abroad) are the highest foreign exchange earner for Bangladesh after ready made garments. The workers arrived at the Zia International Airport here Thursday night. A flight of the Malaysian Airlines was carrying their Dhaka. According to ATN Bangla (a private TV channel) more workers from different countries such as Singapore and the Maldives, may return home by the end of this month.

Earlier, Kuala Lumpur had cancelled visas of almost 55,000 Bangladeshi workers Wednesday. Their visas were cancelled citing unemployment caused by global recession.
The Malaysian administration has justified its action citing unemployment. However, the New Straits Times, Malaysia editorially criticized the move as being ‘unfair’ to Bangladesh. It showed logic on their opinion ‘Visas of workers from only Bangladesh had been cancelled.’ On the other hand, the Daily Star, Bangladesh reported the situation was ‘worrisome’ and urged the government to do its best to stem the tide of returning workers. Nonetheless, Dhaka’s relations with Kuala Lumpur on this front have been uneven.

After a long 10 years ban, Kuala Lumpur started hiring Bangladeshi workforces in August 2006 and had recruited more than 400,000 workers since then. In 2008 Malaysia placed a temporary ban after several workers had staged a sit-in before the Bangladesh high commission in Kuala Lumpur. Even they squatted on the road and one of the workers caught fever and died. That time the workers alleged that they were cheated by touts and Malaysian employers.

Reposition on manpower export in the face of global recession is one of the vital promises made by Awami League. Awami League with its grand alliance had won a massive poll victory December 2008 and made government headed by Prime Minister Sheikh Hasina.

Bangladeshi government already started to communicate with high level authority. But the analysts say that there is no hope to solve the problem before 30 March as the general election in Malaysia is going to be held that day. And Bangladesh wants to talk with the new government on this font.

Though Hawaiian Islands are USA’s favorite holiday destination but hotels in the Islands are trading at their lowest levels in seven years record. According to statistics in January 2009 occupancy in the state’s hotels went down 9.7% to 66%. In that period, room rates were lower, dropping 8.2% to an average $16.38. The amount of visitors to Hawaii fell by 12.4% in January 2009. In recent months to attract the travelers the three beachfront Starwood properties, the Royal Hawaiian, Sheraton Waikiki, and Moana Surfrider have all undergone multi-million dollar refurbishments.

The popularity of Oahu over other islands with a lot of visitors is opting to stay on one island. Experts think it as a notable trend because in he past numerous visitors spent time on more than one island. On the other hand, the destination most populated with hotels Waikiki has seen rate-cutting in the two to three star hotel sector. Their rates are starting now from as low as $52 though the four star sector is still maintaining rates at an average above $200 per night.

On this Tuesday Emirates Airline confirmed that, it is going to cut some services to China after reviewing its operations. From March 29th UAE will be reduced flights on the Beijing and Shanghai routes. The company wants to ensure the best utilisation of their aircraft fleet.

From March 29, the airline will no longer provide its EK 304 and EK 305 Dubai-Shanghai-Dubai flights on Tuesdays and EK 308 and EK309 Dubai-Beijing-Dubai services on Sundays. An airline spokesperson said,

This will reduce Emirates double-daily services to Shanghai and Beijing to 12 flights a week each.

But, the on a daily basis service to Guangzhou in China’s industrial heartland will continue normally.