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WELLINGTON, March 7 () -- New Zealand still has a way to go in achieving equality for women despite considerable success so far, a government minister said Wednesday."On International Women's Day, I am pleased to say that as a country, we have positive achievements," said Women's Affairs Minister Jo Goodhew in a statement Wednesday."New Zealand is currently placed sixth out of 135 countries in the World's Economic Forum's Global Gender Gap Index, almost two- thirds of our university graduates are women and, at 9.6 percent, we have the second lowest pay gap in the OCED (Organisation for Economic Co-operation and Development)."But there was "still much to be done," she said."Women remain under-represented in leadership roles and we still have some way to go to fully eliminate the gender pay gap."The government was commited to raising the participation of women in governance to 45 percent in the public sector, said Goodhew."There is strong evidence showing a positive relationship between women and boards and better organisational performance," she said."More women in governance will help build a better future for women, their families and New Zealand."
MANILA, Feb. 10 () -- The Philippine government will not revise its at least one million job generation target for this year in light of the world economic slowdown, President Benigno S. Aquino III said Friday.The president told reporters that his administration will " maximize" employment opportunities for its citizens."We have been doing so many of these things from last year... to match the jobs with the skills of the applicants," he said.He said the government has been investing on training workers for job-generating sectors like the business process outsourcing ( BPO) industry.Aquino said there were many opportunities in the BPO industry and yet workers' skills were not fully developed."So they expect to grow, the limiting factor of their growth is the availability of the talent and the skilled talent that we are trying to afford them at the earliest possible time," he said.
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PARIS, May 23 () -- International trade can play powerfulrole in driving economic growth and job creation, but protectionistmay do the opposite, according to a report released Wednesday atthe Forum of the Organization for Economic Cooperation andDevelopment (OECD) in Paris."Governments that foster open markets and resist protectionismhave the best chance of stimulating inclusive economic growth andcreating high-value jobs," the OECD said, citing a new study of theInternational Collaborative Initiative on Trade and Employment(ICITE) comprising of 10 international prestigiousorganisations.The study report, named "Policy Priorities for InternationalTrade and Jobs", was launched by OECD Secretary General AngelGurria during the annual OECD Forum held on May 22-24.It shows that protectionist and discriminatory trade measures donot protect or preserve jobs. On the contrary, closing markets isactually more likely to stifle growth and put additional pressureon labour markets."In today's challenging policy environment of a hesitantrecovery and slow job creation, market openness can be a criticalelement to boost growth and employment," Gurria said.The ICITE report highlights the significant role of trade indriving growth and improving employment after drawing on numerousstudies covering different parts of the globe and countries at verydifferent levels of development and analysing the complexinteractions between globalisation, trade and labour markets.The study shows that of the 14 main studies undertaken since2000 reviewed in the report, all 14 have concluded that trade playsan independent and positive role in raising incomes.Trade also raises average wages, given the fact that from 1970to 2000, manufacturing workers in open economies benefitted frompay rates that were between 3 and 9 times greater than those inclosed economies.The report outlined that fears of the impact of offshoring maybe exaggerated, citing studies for Britain, United States, Germanyand Italy,which demonstrate that "off-shoring of intermediate goodshas either no impact or, if any, a positive effect on bothemployment and wages."The ICITE report debunks the principal argument against freeingup trade, the supposed impact of imports on jobs, saying there isno systematic link between imports and unemployment. "Instead,evidence shows that in country after country, both exports andimports push productivity growth upward while helping create betterskilled and higher paying jobs."The report indicated that offshoring and outsourcing bydeveloped countries,two commonly-cited negative aspects ofglobalisation, often complement, rather than replace domestic jobs,while creating new, higher-wage opportunities in developingcountries.However, the report suggested that openness to trade should becomplemented with other policies, "such as sound macroeconomicpolicies, a positive investment climate, flexible labour marketsand adequate social safety nets," these are all needed to realisethe full benefits of trade."Trade liberalisation has historically gone hand in hand withbetter economic performance when accompanied by sound institutionsand effective employment and education policies, in both developedand developing economies alike. Opening up further will benefitworkers, firms and consumers," the OECD director said.
by Nguon SovanPHNOM PENH, Dec. 16 () -- Cambodia's GDP (Gross Domestic Product) growth this year would be over 6.4 percent although the country had suffered from the worst floods, destroying about 10 percent of the agricultural crops, said Cambodian senior officials and economists.Except agriculture sector, the other three economic supporting pillars--garment industry, tourism industry and real estate sector --remain strong growth."The 2011 growth is expected to be over 6.4 percent," said the Deputy Prime Minister Keat Chhon, minister of economy and finance on Dec. 15.The industrial sector is projected to grow at around 8.5 percent, compared with 13.6 percent in 2010, of which the garment industry will see growth of 11.2 percent, compared to 10.4 percent in 2010, he said.Agriculture will see the growth of 3.6 percent, lowered than that of 4 percent in 2010 due to the floods; and service sector being as the same as that of 6.7 percent in 2010, said the minister.This year, Cambodian'Riel'value remains stable compared to the U.S. dollar and average annual inflation is maintained at around 5.5 percent, he said. In addition, the international reserves continue to rise to 3 billion U.S. dollars as of July, which is equivalent to four months of import. 1 2 3 4  1 2 3 4
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BANGKOK, Nov. 15 () -- Two Thai deputy cabinet ministers, who were recently disqualified from their MP seats, will run in upcoming by-elections without leaving their ministerial posts.Deputy Interior Minister Boonjong Vongtrirat of coalition partner Bhumjaithai Party and Deputy Transport Minister Kuakul Danchaiwijit of Chart Thai Pattana Party, another coalition partner, will run in the by-elections in their respective constituencies while keeping their cabinet portfolios, party officials told reporters after their parties' meeting Monday.Minister of Tourism and Sports Chumpol Silapa-archa said his Chart Thai Pattana Party decided to field Kuakul in the by- election in central Ayutthaya province.Chumpol said his party had no regulation in requiring cabinet ministers to resign from their ministerial posts before running in by-elections.Bhumjaithai spokesman Suphachai Jaismut told reporters his party had a similar resolution."The resignation (from cabinet posts) is a personal decision," Prime Minister Abhisit Vejjajiva told reporters.Abhisit said he will meet the two deputy ministers on Tuesday during the weekly cabinet meeting and will discuss the matter with them again.The prime minister seemed to want them to resign from the cabinet first before the by-elections in following the practice of Suthep Thaugsuban of Abhisit' Democrat Party, who had resigned from the cabinet before running in last month's by-election in southern Surat Thani province.It is afraid that candidates who hold cabinet posts could exercise their political influence to their advantage over other candidates.Suthep won the by-election by a landslide and has been reinstated as a deputy prime minister.Boonjong and Kuakul were disqualified earlier this month by the Constitution Court for holding shares in media companies or companies that hold concessions with the state.The by-elections are set on Dec. 12.
By Lan LanBEIJING, Feb. 11 (net) --?The yuan rose to an 18-year-high on Friday, climbing as Vice-President Xi Jinping prepares to step onto a plane for his trip to the United States next week.The People's Bank of China set the yuan's central parity rate against the US dollar at 6.2937 after the rate rose for two consecutive trading days, according to the China Foreign Exchange Trading System."The exchange rate will see more fluctuations, although the positive outlook for the Chinese economy has sparked expectations of a strengthening of the currency," said Zhuang Jian, senior economist with the Asian Development Bank.Zhuang predicted the yuan may rise about 3 percent this year. However, that is slower than the 6 percent against the dollar in real terms last year.Deputy Foreign Minister Cui Tiankai said on Thursday that Xi's visit is an important opportunity to enhance mutual trust between China and the US.Cui also expected the visit would help remove hurdles from Sino-US trade, including restrictions on US exports of certain high-tech products and obstacles to Chinese investment in the US.Xi is scheduled to visit the US next week, where he will meet President Barack Obama and other high-level leaders."The rise largely reflects market supply and demand," said Zhang Jianping, senior economist with the Institute for International Economics Research under the National Development and Reform Commission.He said the market expects the Chinese currency to rise because the economy remains positive and the government has adopted a rather tight monetary policy.Il Houng Lee, senior resident representative at the Beijing office of the International Monetary Fund, said the currency will go forward over the medium term but in the short term it will see more ups and downs.A report released by the IMF's Beijing office on Monday said upward pressures on the currency have diminished recently.However, as the current account still has a sizable surplus of US dollars, and foreign direct investment remains strong, China is supposed to resume the strong pace of accumulation of foreign-exchange reserves, according to the report.The country's foreign-exchange reserves increased by $11.7 billion between October and December, regardless of changes in the exchange rate and asset prices, the State Administration of Foreign Exchange said on Friday.China's capital and financial account suffered a deficit of $47.4 billion in the fourth quarter of 2011, from a surplus of $66.2 billion in the third, indicating net capital outflows. Analysts said the exchange-rate fluctuations are closely connected with the crisis-affected economic scenario overseas and with speculative activities.(Source: China Daily)
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