Profiling Australian TSM as a Foreign Direct Investment Prospect Assignment - 1

Profiling Australian TSM as a Foreign Direct Investment Prospect - Assignment Example The tourism industry in Australia is still faced with challenges which impede the maximization of returns. In order for the sector to realize its potential, increased investments in hotel capacity, tourism infrastructure, and labor supply are highly required. These challenges are present opportunities for potential foreign direct investors to do business in such areas, including the aviation infrastructure, recreation, arts, and accommodation.Be that as it may, the level of optimism for investing in the tourism sector in Australia has tremendously improved in the last two years (Australia Trade Commission, 2013). Market size and development potential are important factors that influence the tourism service industry and FDI inflows.Australia rests within the world’, best performing tourism region, as well as the biggest global aviation market.The Australian government launched Tourism 2020, a programme intended to raise Australia’s overnight tourism expenditure to Aus$140 billion by 2020.The high growth economies of Asia present an opportunity for the flourishing of the tourism industry in Australia. In May 2014, accommodation occupancy in the capital city of Australia reached new peaks, surpassing 80 percent in Adelaide, Sydney, Perth, and Melbourne. Demand for accommodation is still on the rise, thereby boosting the hotel sectors (Australia Trade Commission, 2013).  High demand from Asia plays an important role in attaining growth in the global visitation of Australia. The Asian continent is recognized as the world’s fastest-growing market for tourists. This is necessi tated by stable economic growth, a developing urban and wealthy middle class, as well as the fastest growing aviation industry in the world.

Westpac Banking Corporation Essay Example | Topics and Well Written Essays - 2500 words - 3

Westpac Banking Corporation - Essay Example Headquartered in Melbourne, Australia, it is a major international banking and financial services group employing over 30,000 people. ANZ began its operations as the Bank of Australasia in the 1830s. During its evolution, ANZ has transacted (merged and acquired) with dozens of banks to arrive at its current standing. ANZ today is the largest bank in New Zealand with assets over $335 billion. ANZ is a publicly listed company and has a footprint in Australia, New Zealand, Asia, Pacific, UK/Europe, India and the USA. The year 2006 marked a golden year for Westpac with profitability surging to $3.6 billion, which is 16% higher than the previous year (ANZ Company Profile). Â  Established in 1874, Bank of Queensland is Australia’s fastest-growing retail bank with a network of over 200 branches. It ranks among top 150 listed companies in Australia. In the year 2006, Bank of Queensland reported earnings of $82 million, a 21% increase over the previous year. The earnings surpassed expectations of the management as well as shareholders. Â  Westpac’s approach to corporate governance is based on a set of values and behaviors that ensure transparency and fair dealing and protect shareholder interests. The Board at Westpac monitors local as well as global developments in best practice corporate governance particularly to analyze their ramifications for Westpac. Â  The Australian Stock Exchange Limited (ASX) listing rules require listed entities like Westpac to furnish a statement in their annual report whereby the company discloses the extent to which it has complied with the 28SASXCGC Best Practice Recommendations for the reporting period, and to justify any variances observed. Â