Category: Business

  • Seven News Mounjaro advertorial
    It is illegal to advertise prescription drugs in Australia yet Seven News broadcast advertorial for Big Pharma’s latest weight-loss blockbuster Mounjaro, and may come under the gaze of the Therapeutic Goods Association.

    This post was originally published on Michael West.

  • vanessa-hudson-qantas
    New Qantas chief Vanessa Hudson’s strike breaking attempts have fallen flat, as pilots at its Network Aviation subsidiary went on a 24-hour strike on Wednesday, stranding passengers on both coasts.

    This post was originally published on Michael West.

  • You’re committing a lot of your time, energy, and effort to Kickstarter. What is it about the company that feels worthwhile to you?

    When I quit MBAs Across America, I really never planned to be involved in business again, in part because I was so wounded and so depressed. I had become convinced that if I was going to be a real writer, I had to choose. When I first started talking to Perry about it, I was very resistant because I knew I had this shame about who I had been in the past and about the ways I had made compromises to show up in spaces, in roles that required me to leave parts of myself outside. The first hurdle I had to get over to take this job, just to join the board period, was to feel that I could be involved with Kickstarter and still be myself. It sounds so basic, but that’s a very rare thing, especially in the business world. So it’s been very healing for me.

    Beyond that, I know how important it is that we work on behalf of artists and creators at this time. We need creative work to help remind us of the beauty and the danger and the possibility of this human exercise. We need it.

    Artists and creators at their best, they lift our eyes. They lift our collective consciousness to this horizon that’s out there, and we need that. I also know how remarkably difficult it is to do creative work independently now. Somebody said to me, “Oh, well, you say you’re for small creators, but Spike Lee had a Kickstarter.” I said, “Well, did you not hear the story of what Spike had to do to get Malcolm X made?” The studio said, “Sure, you can do Malcolm X, but it’s got to be an hour-and-a-half. It’s got to be two hours.” They criticized and attacked his creative vision unrelentingly so much so that at some point, they decided not to fund the movie anymore as it was shooting. Spike had to go and ask Oprah and Janet Jackson and Michael Jordan and Magic Johnson, “Hey, can you give us some money so we can finish this movie for Brother Malcolm?” That was crowdfunding. So Kickstarter’s not about small creators versus big creators. It’s about independent creativity. That part of Kickstarter’s mission is not a “nice to have.” It’s not like “a cool hobby.” That part of Kickstarter’s mission, for me, is the difference between freedom and unfreedom in this world.

    It’s the difference between human flourishing and a great darkness falling over our species and our planet. So that’s worth my time. One of the reasons I’m excited about this job is I want to see what happens when creatives and artists lead the creative industries. What happens when you bring the spirit and the mindset of a serious creative person, a serious artist into a context of a company or an organization? Things happen. Good things. I think. I hope.

    Time limitations can be useful. I’ve had a job since I was 13, the same age I was when I started a zine, and so I’m used to moving between work and creativity. That kind of friction is inspiring, I think. How do you find balancing this new position, as Chairman of the Board of Directors at Kickstarter, with your own creative practice?

    I don’t believe in balance, or to the extent that I believe in it, my belief has never sufficiently turned into reality. Maybe it’s because I got too much water in my chart, my Venus is in Scorpio and my Mars is Pisces, that’s a real in-the-depths, as Ginsberg says, “In the animal soup of time,” kind of thing. Whatever the reason, I seem to only know how to do life all or nothing.

    On one very crass human level, this role helps me stay alive as an artist. When [Kickstarter co-founder] Perry Chen asked me to join the board in 2019, I didn’t even know you got paid for this kind of thing. The same week I learned, my bank account was negative. I work as a writer in a way that makes it highly unlikely I’m going to be commercially gangbusters. I only write when I have something to say, but I can’t pay my rent only when I have something to say. Also, the kinds of things I write are kind of strange and my sensibility is not particularly mainstream. There’s something about being bossed around and watered down and neutered that since I was a child, it’s been impossible for me to go along with. I tell writers all the time, “If you want to be a free writer in this country, you better find another way outside of publishing to make a living.”

    My work as a writer is sometimes like being in a very tumultuous love affair. When it’s going bad, it feels like the whole world is just bleak and dark and sad and empty and over. So one of the reasons it’s so helpful as an artist to have something else you do well that is not an existential imperative, is that on a daily basis, I have something I can turn to that I feel competent at, that’s not life or death. It helps me remember I do have some value in the world and I can have some impact.

    I spent most of my early 20s planning to be President. I was very serious about it. I also felt very seriously about leadership and fixing the things that I was pissed off about. I spent all these years studying how to lead things, build things, solve problems, how to bring people together. Once I finally let go of all of those political ambitions, I had all these years of study, and I had nothing to really do with them. Leadership is as much a craft as anything else, and it’s a craft I have studied for a very long time with no outlet for it.

    It’s been very healing to have a chance to put these things to use. It’s helpful to have a release valve for my intensity. I can fight with this lover, my work, from 11:00 at night to 6:00 in the morning. I can dream about it, I can curse at it all day. I can go and weep in the park, then I know I can take a break from it and catch up with [Kickstarter CEO] Everette Taylor and be reminded, “Okay, hey, everything’s all right.”

    It’s useful being out and about in the world experiencing things outside of your art.

    Right. What is the artist’s job in a society? President Kennedy gave a speech at Amherst, I believe, in ‘63, and he talked about the role of the artist. He said, “Our politicians should know poetry and our poets should know politics.” The reason the great artists are what they are, especially if you’re going to be a writer, is you have to know something about the society you’re operating in and that you’re trying to understand and you’re trying to influence, you have to be in it.

    I think of that great book Too Loud a Solitude by Bohumil Hrabal, about a guy who spent 35 years compacting wastepaper. Eventually, he’s made to also compact banned books, and he starts a secret operation to save the books and read the books as he saves them. Then, he hears of a new machine that will replace the human compactors, and he’s faced with a big question: “Am I going to just get in the machine and go along with the books and be destroyed? Because without the books, or my work, there’s no real point of being alive.” That book, which is so brilliant, comes out of an intimate understanding of the politics and social reality that Hrabal was living in. I think the more stuff you do outside of your creative work, the better your creative work will be. Also, as I’ve said before, your life is your greatest creative project.

    Many of the writers I talk to on TCI also teach. When you’re giving talks, that feels like teaching. Do you view your role as that of a teacher or an educator?

    I view it more so as an energy exchange. You’re trying to affect people vibrationally. So I guess that is teaching, in the sense that, whatever I have that can be of use to you as you travel on the journey you’ve come into this lifetime to travel, I want to offer it. Whatever you have for me that the universe has conspired to bring us together for me to receive, I want to be open to it.

    We’re very fortunate because, great credit to Perry, we’ve got on this board Fred Wilson, who’s one of the best venture capitalists of all time; Michael Lynton, who’s like a Michael Jordan of CEOs; you got a genius technologist in Sep Kamvar, a legend in Sunny Bates, who’s been on Kickstarter’s board since the beginning. At TED this year Chris Anderson said, from the TED stage, “There would be no TED as we know it without Sunny.” That’s just one of the many things she’s done. Then you have Perry, who was one of my heroes when I was working in social enterprise in business school; then Jess Search, who’s one of the bravest humans I’ve ever known, and was such an important light in my life, especially as a queer person. Jess’s death this summer still feels like a wrecking ball just came through the world, my heart. I’m so fortunate to be able to learn from the people that I work with. So that’s, I think, why I hesitate to say I’m their teacher because I find myself in study mode so much.

    When I interviewed the musician Justin Vernon for TCI, he talked about how people can often feel the need to endlessly scale up—companies, too, obviously. But that’s not the only way to have success.

    I’ve been talking to many of the early Kickstarter team members recently, and what’s become clear is that they were counter-cultural in their souls, not just in their outfits. So what you see at the founding of this company is a group of people who, by their very nature, were living against the grain. The genesis of the thing is just a guy and a group of friends who were just trying to figure out a way to live true to themselves, which meant living often at odds with the world around them. Kickstarter comes out of that spirit of making the rebellion sustainable.

    That’s how I think about it from a business standpoint. Because listen, I spent many years, as a student at Harvard Business School and after, in the social enterprise space. But the most important thing I did was drive thousands of miles across the country with my MBAs Across America friends—going to New Orleans and Detroit (right when the city went bankrupt) and rural Montana, and sending people into Appalachia. We met these small business owners, entrepreneurs, like Sarah Calhoun running a work-wear company in a town of 900 people in White Sulphur Springs, Montana, Red Ants Pants. Sebastian Jackson running a barbershop in Detroit. Burnell Cotlon starting the first grocery store in the lower ninth ward after Hurricane Katrina with his life savings from the military. These people, they were not trying to give a Harvard lecture on conscious capitalism. They were trying to make some impact in their community. They were trying to do something valuable with the life that they had been given. They were trying to have a little fun along the way. You know what I mean? It wasn’t controversial at all to them that they were going to build a business that was good to and for people. They didn’t want an extra gold star for that.

    We’ve got to be right there alongside creators. We have to be there as their friends. We have to feel that their creative projects matter to us as people, not just to us as a business.

    Over the years, I’ve spoken to so many people who discuss the challenge of getting their work made, their work heard, and getting paid for that work. Philip Glass is in his 80s and he’s still talking about how hard it is to get paid as a musician. You think, “Philip Glass? Really?” It’s not easy to make a living as an artist and it feels like that’s a big part of why you’re here, at Kickstarter, to help solve that, to allow for creative independence.

    To Philip Glass’s point, I just interviewed Kendrick Lamar’s longtime collaborator Terrace Martin, one of the most respected musicians of his time, and even he had to fight to get paid for work that he does. Success doesn’t guarantee you won’t still have to fight.

    It’s hard on so many levels. It breaks your heart, sometimes. To bring something into the world requires, it requires, especially for a sensitive artist, it requires painful compromises.

    This is why TCI is one of the most important things we’ve ever done and we’ll ever do as a company because it’s this repository of artistic comrades and witnesses who have this space to be honest about how terrifying and difficult and thrilling it is to do our work, to share the mistakes we’ve made and the dreams we still have and the bargains we’ve made and refuse to make, and the things that helped us get through it.

    Then on the other side, it’s this repository of nourishment for other artists. It’s that thing of what Lucille Clifton said, “If all [the poem] does is say you’re not alone, that’s enough.” If all the TCI interview does is say, you’re not alone, that’s enough. It’s such a beautiful and powerful thing.

    I want Kickstarter to achieve and stay true to its mission. I want us to think about good governance. I want us to hire great people, let them do their best work. I want all that stuff to happen. I want us to be great models of what business can be in the world, but more importantly, I want us to be there for creators as friends.

    It’s always made sense to me that an artist started Kickstarter. It’s essential to have people within the company who make their own creative work, too. So, it feels ideal that the Chairman of the Board here has a creative practice.

    As a writer, you’ve dealt with issues other creative people are facing, so you’re better equipped to tackle those problems. If you’ve never had to push back against an editor or a publication, it’s hard to grasp what someone else is going through. If you’ve never had to fight for your creative vision, it’s difficult to understand what that feels like.

    How do you think being an artist equips you for this position?

    My grandfather was a minister and a prominent pastor for a very long time in Texas, nearly 50 years. One of the things that taught me is that no profession in and of itself is noble. The profession is only as noble as the person is. I don’t think there’s any redemptive value in saying you’re an artist or saying you’re not an artist. I think the only value is, do you live a life that is true and honest? Do you try to love people or at least be kind to them and love yourself? Do you leave the world and people better than you found it?

    One of the great things that Erykah Badu taught me recently, she said she wrote a letter to the universe when she was 15 and said, “I know I’m going to make it with the help of God. Nothing can stop me but me.”

    I asked her, “Did you see that letter as a bargain?” She said, “No, there is no bargain unless you make a deal with the devil. That deal with the devil they talk about is, ‘I will sacrifice my integrity to succeed at any cost.’” There are many artists who make that bargain, and that’s why Kickstarter is about independent creativity. Independent creativity is so difficult, in part because it requires you to refuse that deal with the devil as much as possible, as often as possible, accepting that on the margins and sometimes right at the very core of it per your standards, you will have made some deals just to get your work out. So it’s not enough to have the “right” job, we’ve got to have the right values.

    That’s a damn hard thing to do. Maya Angelou was right when she said, “Courage is the most important of all the virtues, because without it, you cannot practice any other virtue consistently.” So at base I see my job as holding space for us to practice courage as a company, helping us hold each other to the standard we have set.

    I consider it a great privilege to be able to bring all that to bear in this context to say, we’re going to be pretty relentless about living up to our mission, our values and principles. Our first year of MBS Across America, we’d gone out to Boulder and we worked with this outfit called the Made Movement, these really masterful advertising folks who were trying to use their skills to support American manufacturing. In our first conversation with their co-founder, Dave Schiff, he said, “Everybody who works here has to make a material sacrifice to get in the door because there’s no line item on a balance sheet for ‘Give a damn’, but it’s the most valuable thing you’ve got in a business.” I think that is very true, and I think it’s very relevant for us at Kickstarter.

    You had asked if I see myself as a teacher, maybe, but more so a leader. Many years ago, I think it was the guy who had founded the African Leadership Academy, we were at some dinner and he said, “Leadership is disrupting your own people at a speed that they can withstand.” I think where many leaders go wrong is they want to disrupt and make the news to feel powerful, or clever, or worthy. That’s fear. But if there’s love at the heart of it, it becomes like being a parent. If you’re going to be a good parent, you’re going to disrupt your kid a lot, and your kid is probably going to disrupt you, too. I don’t want to be paternalistic about it, but what I mean is that if you’re going to be a good friend, if you’re going to be a good brother, if you’re going to be a good boss, if you’re going to be a good employee, there’s going to be friction. There’s going to be disruption, there’s going to be dis-ease. But all of that has to be in a container of love for it to be fruitful and not destructive, and I think that’s what I try to do.

    This post was originally published on The Creative Independent.

  • Andy Burnham, Labour mayor of Greater Manchester, says news would be ‘profoundly depressing’

    In a report last week the Institute for Fiscal Studies said the current parliament was likely to mark “a decisive and permanent shift to a higher-tax economy”.

    In its report, it also said that although this was partly because of the pandemic, government decisions taken before Covid were a more important factor. It said:

    Only during and in the immediate aftermath of the two world wars have government revenues grown by as much as they have in the period since 2019. To some extent, this ought not to be a surprise: the Covid-19 pandemic represented the most significant economic dislocation since the second world war. But while the response to the pandemic and its after-effects does explain some of the tax rises announced in recent years, it is far from the only – or even the most significant – explanation. Instead, tax rises have largely been the consequence of a desire for higher government spending on things that pre-date the pandemic (such as manifesto promises to expand the NHS workforce and hire more police officers, and a September 2019 declaration to be ‘turning the page on austerity’).

    I disagree with that analysis. One of the biggest reasons that we’ve had to see taxes go up is because our debt interest payments have gone up as a result of the energy shock. That has an enormous pressure on the public purse.

    The other thing I disagree with the IFS on – normally I don’t disagree with them, I do this time – is their suggestion this is a permanent rise in the level of taxation. I don’t believe it has to be. If we are prepared to take difficult decisions about the way we spent taxpayers’ money, to reform the deliver of public services, to reform the welfare state, there’s a chance to bring taxes down. But there aren’t any short cuts.

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • PwC, Ziggy Switkowski
    Waffle, fastidious yet unadulterated waffle. This is the day of the PwC whitewash. Michael West reports on two cover-ups: PwC and PwC Global.

    This post was originally published on Michael West.

  • Rayo Withanage

    Rayo Withanage, the colourful entrepreneur behind a mysterious takeover bid for Santos, purports to command an empire of ‘world leading’ tech and corporate ventures. Callum Foote reports on the exploits of the man who bets for the Brunei royals.

  • Report identifies ‘toxic culture’ and breaches of human rights laws relating to torture and inhuman treatment

    The first public inquiry into abuses at a UK immigration detention centre has identified a “toxic culture” and numerous breaches of human rights laws relating to torture and inhuman or degrading treatment, as well as racist, derogatory language used by some staff towards detainees.

    The inquiry calls for sweeping changes to immigration detention including the introduction of a 28-day time limit.

    Continue reading…

  • Stuff

    New Zealand’s Stuff media group has joined other leading news organisations around the world in restricting Open AI from using its content to power artificial intelligence tool Chat GPT.

    A growing number of media companies globally have taken action to block access to Open AI bots from crawling and scraping content from their news sites.

    Open AI is behind the most well-known and fastest-growing artificial intelligence chatbots, Chat GPT, released late 2022.

    “The scraping of any content from Stuff or its news masthead sites for commercial gain has always been against our policy,” says Stuff CEO Laura Maxwell. “But it is important in this new era of Generative AI that we take further steps to protect our intellectual property.”

    Generative Artificial Intelligence (Gen AI) is the name given to technologies that use vast amounts of information scraped from the internet to train large language models (LLMs).

    This enables them to generate seemingly original answers — in text, visuals or other media — to queries based on mathematically predicting the most likely right answer to a prompt or dialogue.

    Some of the most well-known Gen AI tools include Open AI’s ChatGPT and Dall-E, and Google’s Bard.

    Surge of unease
    There has been a surge of unease from news organisations, artists, writers and other creators of original content that their work has already been harvested without permission, knowledge or compensation by Open AI or other tech companies seeking to build new commercial products through Gen AI technology.

    “High quality, accurate and credible journalism is of great value to these businesses, yet the business model of journalism has been significantly weakened as a result of their growth off the back of that work,” said Maxwell.

    “The news industry must learn from the mistakes of the past, namely what happened in the era of search engines and social media, where global tech giants were able to build businesses of previously unimaginable scale and influence off the back of the original work of others.

    “We recognise the value of our work to Open AI and others, and also the huge risk that these new tools pose to our existence if we do not protect our IP now.”

    There is also increasing concern these tools will exacerbate the spread of disinformation and misinformation globally.

    “Content produced by journalists here and around the world is the cornerstone of what makes these Gen AI tools valuable to the user,” Maxwell said.

    “Without it, the models would be left to train on a sea of dross, misinformation and unverified information on the internet — and increasingly that will become the information that has itself been already generated by AI.

    Risk of ‘eating itself’
    “There is a risk the whole thing will end up eating itself.”

    Stuff and other news companies have been able to block Open AI’s access to their content because its web crawler, GPTBot, is identifiable.

    But not all crawlers are clearly labelled.

    Stuff has also updated its site terms and conditions to expressly bar the use of its content to train AI models owned by any other company, as well as any other unauthorised use of its content for commercial use.

    Earlier this year The Washington Post published a tool that detailed all major New Zealand news websites were already being used by OpenAI.

    OpenAI has entered into negotiations with some news organisations in the United States, notably Associated Press, to license their content to train ChatGPT.

    So far these agreements have not been widespread although a number of news companies globally are seeking licensing arrangements.

    Maxwell said Stuff was looking forward to holding conversations around licensing its content in due course.

  • Corporate lobbyists have successfully pushed Keir Starmer’s party to ditch its progressive policies

    This content originally appeared on openDemocracy RSS and was authored by Adam Ramsay.

  • Alan Joyce, Qantas
    The Qantas Code of Conduct and Ethics is perhaps the most ignored and hypocritical document in corporate Australia.

    This post was originally published on Michael West.

  • Lawyers for family say Saudi government took brother’s data in breach and ‘arrested, tortured, and imprisoned’ him and others

    The company formerly known as Twitter is “unfit” to hold banking licenses because of its alleged “intentional complicity” with human rights violations in Saudi Arabia and treatment of users’ personal data, according to an open letter sent to federal and state banking regulators that was signed by a law firm representing a Saudi victim’s family.

    The allegations by lawyers representing Areej al-Sadhan, whose brother Abdulrahman was one of thousands of Saudis whose confidential personal information was obtained by Saudi agents posing as Twitter employees in 2014-15, comes as Twitter Payments LLC, a subsidiary of X (the company formerly known as Twitter), is in the process of applying for money-transmitter licenses across the US.

    Continue reading…

  • By Venkat Raman, editor of Indian Newslink

    Fiji is on the road to economic recovery and the government looks forward to the support and assistance of the Fijian diaspora in its progress, says Deputy Prime Minister and Finance Minister Professor Biman Prasad.

    Inaugurating the Fiji Centre, an entity established at the premises of the Whānau Community Centre and Hub in Mount Roskill last night, Dr Prasad said that while the challenges faced by his administration were many, he and his colleagues were confident of bringing the economy back on track.

    He said tourism was the first industry to recover after the adverse effects of the covid-19 pandemic, but foreign remittances by Fijians living overseas had been a major source of strength.

    Dr Prasad was elected to the Fiji Parliament and is the leader of the National Federation Party, which won five seats in the current Parliament.

    His NFP formed a Coalition government with Sitiveni Rabuka’s People’s Alliance Party and the Social Democratic Liberal Party (SODELPA).

    The general election held on 14 December 2023 ousted former prime minister Josaia Voreqe Bainimarama and his FijiFirst Party.

    Bainimarama took over the leadership after a military coup on 5 December 2006, but the first post-coup general election was not held until 17 September 2014.

    Individual foreign remittances
    “Tourism was quick to bounce back to pre-pandemic levels and personal remittances have been extremely helpful. The diaspora remitted about F$1 billion last year and I hope that the trend will continue,” Dr Prasad said.

    He appealed to New Zealand-resident Fijians to also invest in Fiji.

    “Fiji was under siege for 16 years and many suffered silently for fear of being suppressed and punished but that has changed with the election of the new Coalition government . . . The first law change was to amend the Media Industry Development Act which assures freedom of expression,” he said.

    “Freedom of the media is essential in a democracy.”

    Auckland's Fiji Centre
    Formal opening of Auckland’s Fiji Centre . . . the inauguration plaque. Image: APR

    Dr Prasad said that the pandemic was not the only reason for the state of the Fijian economy.

    “Our economy was in dire straits. We inherited a huge debt of F$10 billion after 16 years of neglect, wasteful expenditure on non-priority items and total disregard for public sentiment,” he said.

    “We believe in consultation and understanding the needs of the people. The National Business Summit that we organised in Suva soon after forming the government provided us with the impetus to plan for the future.”

    Dr Prasad admitted that governments were elected to serve the people but could not do everything.

    “We are always guided by what the community tells us. People voted for freedom at the . . . general election after an era of unnecessary and sometimes brutal control and suppression of their opinions,” he said.

    “They wanted their voices to be heard, be involved in the running of their country and have a say in what their government should do for them.

    “They wanted their government to be more accountable and their leaders to treat them with respect.”


    Professor Biman Prasad’s speech at Auckland’s Fiji Centre. Video: Indian Newslink

    Formidable challenges
    Later, speaking to Indian Newslink, Dr Prasad said that the first Budget that he had presented to Parliament on 30 June 2023 was prepared in consultation with the people of Fiji, after extensive travel across the islands.

    His Budget had set total government expenditure at F$4.3 billion, with a projected revenue of F$3.7 billion, leaving a deficit of F$639 million.

    The debt to GDP ratio is 8.8 percent.

    He said that education had the largest share in his budget with an allocation of F$845 million.

    “This includes the write-off of F$650 million [in the] Tertiary Scholarship and Loan Service Debt of $650 million owed by more than 50,000 students.

    “But this comes with the caveat that these students will have to save a bond. The bond savings will be years of study multiplied by 1.5, and those who choose not to save the bond will have to pay the equivalent cost amount,” he said.

    Dr Prasad allocated F$453.8 million for health, stating that there would be a significant increase in funding to this sector in the ensuing budgets.

    He said that the Fijian economy was expected to grow between 8 percent to 9 percent, revised from the earlier estimate of 6 percent since there is greater resilience and business confidence.

    According to him, the average economic growth for the past 16 years has been just 3 percent, despite various claims made by the previous regime.

    “We have promised to do better. We will stand by our commitment to integrity, honesty, accountability and transparency.

    “The consultative process that we have begun with our people will continue and that would our community in countries like Australia and New Zealand,” he said.

    He said that the Fiji diaspora, which accounted for about 70,000 Indo-Fijians in New Zealand and larger numbers in Australia, the United Kingdom, the United States of America and Canada, had the potential to support the rebuilding efforts of his government.

    Engagement with trading partners
    “Whenever I visit New Zealand, I like to spend more time with our community and listen to their views and aspirations.

    “I invite you to return to Fiji and help in rebuilding our economy. We are in the process of easing the procedures for obtaining Fijian citizenship and passport, including a reduction in the fees.

    “The future of Fiji depends on our communities in Fiji and across the world,” he said.

    Dr Prasad that he and his government were grateful to the Australian and New Zealand governments which had provided aid to Fiji during times of need including the pandemic years and the aftermath of devastating cyclones.

    “We want to re-engage with our traditional partners, including New Zealand, Australia, India, the USA, the UK and Japan (as a member of Quad),” he said.

    Dr Prasad said that while both Australia and New Zealand had had long ties with Fiji, he had always been drawn towards New Zealand.

    He said that his wife had completed her PhD at the University of Otago and that his children received their entire education, including postgraduate qualifications, in this country.

    Dr Prasad is in New Zealand to meet the Fiji diaspora, including the business community.

    He addressed a meeting of the New Zealand Fiji Business Council at the Ellerslie Convention Centre in Auckland today.

    Republished with permission from Indian Newslink.

    Fiji's Dr Prasad speaking at the Fiji Centre in Auckland last night
    Fiji’s Dr Prasad speaking at the Fiji Centre in Auckland last night . . . While both Australia and New Zealand have had long ties with Fiji, Dr Prasad has always been drawn towards New Zealand. Image: David Robie/APR
  • Exclusive: Report says optics of western firms organising Xinjiang tours amid ‘crimes against humanity are disastrous’

    Uyghur advocates have called on western tourism companies to stop selling package holidays that take visitors through Xinjiang, where human rights abuses by authorities have been called a genocide by some governments.

    The request comes as China reopens to foreign visitors after the pandemic, and as its leader, Xi Jinping, calls for more tourism to the region.

    Continue reading…

  • Business investment in R&D has grown for the first time in almost a decade, registering a 14 per cent increase in nominal terms, while overall proportional spend has reached its lowest level in 20 years. A new Australian Bureau of Statistics (ABS) dataset, released on Friday, reveals business expenditure on R&D (BERD) reached $20.64 billion…

    The post Business R&D gets moving again amid spending ‘free fall’ appeared first on InnovationAus.com.

    This post was originally published on InnovationAus.com.

  • Jubi News

    Greenpeace Indonesia’s forest campaigner Nico Wamafma says the West Papua region has lost 641,400 ha of its natural forests in the two decades between 2000-2020 in massive deforestation.

    Greenpeace’s research shows this deforestation occurred mainly due to the increasingly widespread licensing of land-based extractive industries that damage the rights of indigenous peoples.

    Wamafma said that the total forests loss consisted of 438,000 ha spread across Papua, Central Papua, Mountainous Papua and South Papua provinces.

    The remaining 203,000 ha were lost in West Papua and Southwest Papua provinces.

    “In the last two decades, we lost a lot of forests in Merauke, Boven Digoel, Mimika, Mappi, Nabire, Fakfak, Teluk Bintuni, Manokwari, Sorong and Kaimana,” Wamafma told Jubi in a telephone interview

    Papua is losing natural forests due to the licensing of land-based extractive industries, such as mining, Industrial Plantation Forest (HTI), Forest Concession Rights (HPH), and oil palm plantations.

    Wamafma said the formation of four new provinces resulting from the division of Papua had also accelerated the rate of deforestation in Papua.

    He said that if the government continued to take a development approach like the last 20 years that relied on investment, the potential for natural forest loss would be even greater in Papua.

    Wamafma said there were now 34.4 million ha of natural forests in Papua.

    Republished from Tabloid Jubi with permission.

  • pokies, ALP National Conference

    Labor has a long history of profiting from poker machines. Will they move a motion at the ALP National Conference to address gambling harm? Veteran anti-pokies crusader, journalist Stephen Mayne reports.

  • Big four consultants
    The world’s biggest consulting firms have grown large and profitable by walking all sides of the street in their relationships with governments, but are now coming under increased pressure, presenting new risks.

    This post was originally published on Michael West.

  • Scale Facilitation, David Collard, PwC

    Australian entrepreneur and ex-PwC partner David A. Collard is being sued for rent on both his fancy apartment in Manhattan as well as Scale’s 88th floor World Trade Centre head quarters. That’s on top of an ATO tax raid, unpaid staff and creditors, and defaulting on the purchase of Britishvolt in the UK.

  • Scale Facilitation, Britishvolt
    Scale Facilitation is in default in its takeover of Britishvolt. After a crime taskforce raid in Australia and failures to pay staff in the US, its chief executive David A. Collard remains defiant

    This post was originally published on Michael West.

  • When the ABC broke the story in March that the Legalise Cannabis Party had made it onto the list of approved organisations where JobSeeker recipients could volunteer to meet their JobSeeker mutual obligations, Rex Patrick thought he’d use FOI to get to the bottom of it. The FOI results have left him wondering, who’s been smoking what?

    This post was originally published on Michael West.

  • By Gorethy Kenneth in Port Moresby

    More than 300 companies operating in Papua New Guinea are facing penalties and will be issued infringement notices for not adhering to the country’s labour laws, Deputy Prime Minister John Rosso has announced.

    He said on Thursday that pending the official release of the full report of the National Capital District (NCD) Combined Labour Inspection Programme (CLIP), 431 companies were inspected and the findings were:

    • about 18 companies were identified as paying 444 workers below the K3.50 (NZ$1.57) an hour minimum wage in the wholesale and retail industry, and
    • 228 companies were not remitting Nasfund contributions affecting 2457 employees with about 20 of them non compliant.

    Within 51 days, 431 companies or establishments were covered.

    Out of the 431 companies, only 425 companies provided information of their total number of employees within their establishment, which comprised of the overall total of 13,410 employees covered.

    Out of the 431 companies, only 421 companies provided their minimum wage information.

    And out of the 421 responses, 403 responded to have their employees paid on and above K3.50 the national minimum wage, while only 18 companies paid below the national minimum wage of K3.50, which in total affects 444 employees.

    Industries varied
    “For companies that have been issued infringement notices of non-compliance and charged under OSH and OWC, we are yet to receive the amount charged, and also to confirm which companies have paid and those that are yet to pay or remit respectively,” Rosso said.

    The number of industries varied, but a high number of wholesale and retail industries totaling to 249 companies under this industry were covered to confirm that “we have a high number of this industry that operates within the nation’s capital city”.

    Others included trade, hotels and restaurants (27), transport, storage and communication (9), manufacturing (15), primary production (3), building and construction (11) and security (6).

    The inspections in NCD in the last two months also collected statutory fees from occupational, safety and health regulations, and workers compensation insurance policy payments.

    Rosso released this during the handover takeover ceremony of the Labour Ministry to Rai Coast MP Kessy Sawang on Thursday.

    “All of these offending companies were issued notices to comply with the Department of Labour and Industrial Relations requirements, and other government statutory requirements such as the Bank of Papua New Guinea regulations on Nasfund contributions,” he said.

    “This proves a point I have made many a time, that the department has the potential to generate revenue in the non-tax regime, provided sufficient recurrent funding is made available in the DLIR annual allocations,” Rosso said.

    Strengthening laws
    He said that in his capacity as the Deputy Prime Minister, he would work with Minister Sawang to ensure DLIR was adequately supported to continue this exercise and others.

    “Strengthening to the existing legislature and fees and fines are also areas I focused on, and Minister Sawang is tasked with carrying on this activity and similar, like, freeing up 10,000 jobs presently held by foreign workers through up-skilling of local talent.

    Other notable achievements during his time with the department include the launching of the National Training Policy 2022 to 2023 and the Labour Market Information Policy 2022-2023, and the ratification of three important International Labour Organisation (ILO) Conventions which were the Violence and Harassment Convention 2019 (No. 190), the Tripartite Consultation Convention 1976 (No. 144), and the Labour Inspection Convention 1974 (No. 81).

    Rosso congratulated Sawang on her appointment as minister, and said he looked forward to her leadership of the Department of Labour and Industrial Relations for a smart, secure, fair and decent work environment for PNG.

    Gorethy Kenneth is a senior PNG Post-Courier reporter. Republished with permission.

    This post was originally published on Asia Pacific Report.

  • Economist Rory Robertson has been waging war on Big Sugar and Sydney University for more than a decade. Nothing if not dogged, Robertson’s campaign has taken an unexpected turn over recent days, as James F Sice reports. 

    This post was originally published on Michael West.

  • Saudi Arabia is pouring a fortune into soccer, including £180m a year for Cristiano Ronaldo. But while the counterfeiters see a chance to make money, the fans won’t forget human rights

    I saw something to make me scoff with amused despair, a thing embodying many a madness and badness of our age. It was a child-sized replica football shirt, swinging gently on its hanger, at a seaside market stall on the Adriatic coast. It’s a noticeably well-appointed retail operation, this stall. Beach towels, Bluetooth speakers, snorkels, fridge magnets, swimwear, pouches of lavender, imitation handguns … you know the kind of thing.

    The football strips included plenty of Croatian national team shirts, plus those of clubs with Croatian players: Modrić’s name printed on Real Madrid shirts, Perišić’s on Tottenham’s, Kovačić’s at Chelsea and so on. (I didn’t ask, but there is probably a deal to be done on that Chelsea shirt, as Kovačić is now at Man City). I doubt any of these garments were what you might call authentic™ official© merchandise®. But whatever.

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • KPIs
    Something has gone horribly wrong in how customers are treated. We all know it. Peter Mills traces the problem back to how executives and business leaders are incentivised. 

    This post was originally published on Michael West.

  • An ex-PwC partner’s lithium battery startup pulled a top flight crowd from both sides of Australia politics to its grand Manhattan opening. But it’s not all bubbles and banter for staff at Scale Facilitation, writes Sean Johnson

    This post was originally published on Michael West.

  • U.S. Treasury Secretary Janet Yellen touched down in Beijing on Thursday and ate at a popular Yunnan restaurant with the U.S. ambassador before meeting with key officials on Friday.

    Yellen met with China’s central bank governor Yi Gang, former economy point-man Liu He and State Premier Li Qiang on Friday to discuss the global, U.S. and Chinese economies.

    In prepared remarks, Yellen told Li she hoped her visit would spur more regular channels of communication between the world’s two largest economies, adding that both countries had a duty to “show leadership” on global challenges such as climate change.

    She said Washington would “in certain circumstances, need to pursue targeted actions to protect its national security,” but disagreements over such moves should not jeopardize the broader relationship.

    “We seek healthy economic competition that is not winner-take-all but that, with a fair set of rules, can benefit both countries over time,” she said.

    Separately, speaking at the American Chamber of Commerce on Friday, Yellen noted concerns in the U.S. business community. 

    “I am communicating the concerns that I’ve heard from the U.S. business community, including China’s use of non-market tools like expanded subsidies for its state-owned enterprises and domestic firms, as well as barriers to market access for foreign firms,” she said.

    Meanwhile, in a sign of a possible thaw in China-U.S. relations, the usually provocative nationalist state tabloid Global Times asked in a tweet, what’s Yellen’s “preferred choice of food while in China?

    “It seems that Yunnan cuisine takes the top spot, as a popular Yunnan restaurant in Beijing’s Sanlitun area recently shared a picture of Yellen using chopsticks to enjoy a meal shortly after her arrival in Beijing on Thursday.”

    Yellen is in Beijing amid a flurry of visits aimed at breaking the ice between Washington and Beijing after the U.S. military shot down a Chinese government balloon over the United States.

    Secretary of State Antony Blinken visited Beijing in late June and U.S. climate envoy John Kerry will visit Beijing later this month Bloomberg reported.

    Mediating influence

    Yellen has a near “mission impossible” – to convince China that its measures in the interests of state security, restricting technology exports to China, are not intended to harm China’s interests as a rising nation state.

    But Chinese state media showed signs that Beijing may be in the mood for compromise – at least when it comes to trade and investment.

    China’s Global Times, in an uncharacteristically positive turn, editorialized that even though U.S. officials are downplaying any expectations from Yellen’s visit, “Chinese experts believe that one major point of significance of Yellen’s trip is to keep high-level communication channels open, which may help bilateral relations walk out of their downward spiral.”

    YellenWalks.JPG
    U.S. Treasury Secretary Janet Yellen walks after arriving at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Credit: Mark Schiefelbein/Pool via Reuters

    Ahead of Yellen’s visit, in a response to restrictions on China’s access to high-technology semiconductor chips, on Monday, China announced it was restricting exports of two critical components in the chips that modern life runs on.

    “This is just the beginning,” Wei Jianguo, a former Chinese vice-minister of commerce, told the China Daily. “China’s tool box has many more types of measures available.”

    The trade and investment entanglement of China and the U.S. makes what the U.S. is now referring to as “de-risking,” rather than decoupling, hugely complex due to the entangled nature of the two nations’ trade.

    Firm on security

    It’s likely Beijing may think that accepting Yellen’s visit and appearing to be more receptive, as opposed to the cooler reception Secretary of State Antony Blinken received, could give the U.S. pause for thought about its tech restrictions.

    But Yellen reiterated that her mission, like Blinken’s, was to open up lines of communication and avoid a catastrophic confrontation between the world’s two leading superpowers.

    “I am glad to be in Beijing to meet with Chinese officials and business leaders. We seek a healthy economic competition that benefits American workers and firms and to collaborate on global challenges,” Yellen said in a tweet.

    “We will take action to protect our national security when needed, and this trip presents an opportunity to communicate and avoid miscommunication or misunderstanding.”

    A possible thaw

    “Yellen is a more rational voice on China issues within the Biden administration,” Wu Xinbo, dean of the Institute of International Studies at Shanghai’s Fudan University told The Wall Street Journal.

    But her visit comes amid “unsafe” moves in the South China Sea, a war of words over Chinese fentanyl exports, revelations of a multibillion-dollar Chinese spy base in Cuba and daily military harassment of Taiwan.

    Wendy Cutler, a former diplomat and Vice President at the Asia Society Policy Institute, talking to Taiwan +, an English-language TV news service, said of Yellen’s visit, “No 1, she has to go through the list of U.S. grievances, including their recent announcement of [export restrictions on] two critical minerals, the way U.S. companies are being treated in China and recent legislation to create more uncertainty in the business climate.”

    Cutler added that, as Yellen has previously pointed out, the U.S. doesn’t seek to decouple the two superpower’s economies, but “there are sectors of national security concern [and] we’re not going to be shy about protecting that.”

    Back to business

    Yellen took a jab at China’s planned economy, saying that Beijing should return to the era of market reforms that former leader Deng Xiaoping ushered in and which led to decades of rocket-fueled economic growth.

    “A shift toward market reforms would be in China’s interests,” Yellen told U.S. business executives on Friday, according to reports.

    “A market-based approach helped spur rapid growth in China and helped lift hundreds of millions of people out of poverty. This is a remarkable economic success story,” Yellen added.

    YellenBusinessLeaders.JPG
    U.S. Treasury Secretary Janet Yellen meets with representatives of the U.S. business community in China, in Beijing, July 7, 2023. Credit: Reuters/Thomas Peter

    Yellen said that China’s vast middle-class was a market for American goods and services, again stressing that Washington’s bevy of restrictions on trade against China were about national security and not holding back Chinese development.

    “We seek to diversify, not to decouple,” she said. “A decoupling of the world’s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake.”

    Edited by Mike Firn.

    This content originally appeared on Radio Free Asia and was authored by Chris Taylor for RFA.

  • 722 of the world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry.

    Analysis by Oxfam and ActionAid of Forbes’ “Global 2000” ranking shows they made $1.09 trillion in windfall profits in 2021 and $1.1 trillion in 2022, with an 89 percent jump in total profits compared to average total profits in 2017-2020. For this analysis, windfall profits are defined as those exceeding average profits in 2017-2020 by more than ten percent.

    45 energy corporations made on average $237 billion a year in windfall profits in 2021 and 2022. Governments could have increased global investments in renewable energy by 31 percent had they taxed at 90 percent the massive windfall profits that oil and gas producers funneled to their rich shareholders last year. There are now 96 energy billionaires with a combined wealth of nearly $432 billion ($50 billion more than in April last year).

    Food and beverage corporations, banks, Big Pharma, and major retailers also cashed in on the cost-of-living crisis that has seen more than a quarter of a billion people in 58 countries hit by acute food insecurity in 2022.

    Extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years.

    • 18 food and beverage corporations made on average about $14 billion a year in windfall profits in 2021 and 2022, enough to cover the $6.4 billion funding gap needed to deliver life-saving food assistance in East Africa more than twice over. Oxfam estimates that one person is likely to die of hunger every 28 seconds across Ethiopia, Kenya, Somalia and South Sudan. Global food prices rose more than 14 percent in 2022.
    • 28 drug corporations made on average $47 billion a year in windfall profits, and 42 major retailers and supermarkets made on average $28 billion a year in windfall profits.
    • Nine aerospace and defense corporations raked in on average $8 billion a year in windfall profits even as 9,000 people die every day from hunger, much of that driven by conflict and war.


    “People are sick and tired of corporate greed. It’s obscene that corporations have raked in billions of dollars in extraordinary windfall profits while people everywhere are struggling to afford enough food or basics like medicine and heating,” said Oxfam International interim Executive Director Amitabh Behar.

    “Big business is gaslighting us all —they’re hiking prices to make monster profits, plundering people under the cover of a polycrisis.”

    “A few increasingly dominant corporations are monopolizing markets and setting prices sky-high to line the pockets of their rich shareholders. Big Pharma, energy giants and big supermarket chains shamelessly fattened their profit margins throughout both the pandemic and cost-of-living crisis. Most worryingly —in the absence of regulation, including progressive taxation— governments have invited this,” Behar said.

    There is a growing body of evidence that corporate profiteering is playing a significant role in supercharging inflation, echoing fears that corporations are exploiting the cost-of-living crisis to boost profits margins —a trend dubbed “greedflation” and “excuseflation”. Christine Lagarde, the President of the European Central Bank, suggested in May that corporations are engaging in “greedflation”, while the IMF last week published a study showing that corporate profits account for nearly half the increase in Europe’s inflation over the past two years.

    Huge corporate profits have coincided with the degradation of pay and conditions for workers.

    Oxfam estimates that top-paid CEOs across four countries enjoyed a real-term 9 percent pay hike in 2022, while workers’ wages fell by 3 percent. One billion workers in 50 countries took an average pay cut of $685 in 2022, a collective loss of $746 billion in real wages compared to if wages had kept up with inflation.

    Oxfam and ActionAid are calling on governments to claw back gains driven by profiteering. A tax of 50 to 90 percent on the windfall profits of 722 mega-corporations could generate between $523 billion and $941 billion both for 2021 and 2022. This is money that could be used to help people struggling with hunger, rising energy bills and poverty in rich countries, and to provide hundreds of billions of dollars to support countries in the Global South. For example:

    • An injection of $400 billion into the fund for loss and damage agreed to at COP27 last year. Loss and damage finance needs are urgent, with estimates saying that low- and middle-income countries could face costs of up to $580 billion annually by 2030. UN Secretary-General António Guterres has called on rich countries to impose windfall taxes on fossil fuel companies and redirect the money to vulnerable countries suffering worsening losses from the climate crisis.
    • Cover the financing gap ($440 billion) to provide universal social protection coverage and healthcare to more than 3.5 billion people living in low- and lower- middle-income countries, and the financing gap ($148 billion) to provide universal access to pre-primary, primary and secondary education in these same countries. This would support the hiring of millions of new teachers, nurses and healthcare workers across the Global South.

    “Enough is enough. Government policy should not allow mega-corporations and billionaires to profiteer from people’s pain. Governments must tax windfall profits of corporations across all sectors —and invest that money back in helping people and deterring future profiteering. They must put the interests of their great majorities ahead of the greed of a privileged few,” said ActionAid Secretary-General Arthur Larok.

    “Taxing windfall profits is smart economic policy —it’s a very clear and direct source of money for development and tackling climate change. Piling more loans onto poorer countries is what makes absolutely no sense when debt is accelerating the climate crisis”.



    This content originally appeared on Common Dreams and was authored by Newswire Editor.

    This post was originally published on Radio Free.

  • By Gorethy Kenneth in Port Moresby

    Samoan Prime Minister Fiame Naomi Mata’afa’s tribute to Papua New Guinea’s  businessman Sir Kostas Constantinou was very touching as she recapped how his businesses touched the lives of the people of Samoa.

    Her message, read out by Samoa’s High Commissioner to Australia, Hinari Petana during Sir Kostas’ wake in Brisbane where he died from heart complications last month, was a reminder to his children to continue the legacy he had left in Samoa.

    High Commissioner Petana and her entourage, including Sir Kostas’ Samoan family, were all present throughout his funeral service, the burial and the wake.

    PNG businessman Sir Kostas Constantinou
    PNG businessman Sir Kostas Constantinou . . . a development visionary in the Asia-Pacific region. Image: IB

    There was also a fitting ceremony where George Jr, son of the late Sir Kostas, was handed Samoa’s chiefly red ‘ulafala (pandanus key necklace) most often worn by Samoan tulafale (orator chiefs).

    His father was adorned with a chiefly title Tulaniu in Samoa — George Jr will take over the reign as the next in line. He was also presented a Samoan ie toga, a fine mat.

    “He touched the lives of so many spirits in the Pacific region, in particular in our country, Samoa, and its people through rewarding and inspirational investments,” Prime Minister Fiame Naomi Mata’afa said in her message.

    “The contribution of Sir Kostas to our country has been hugely significant, especially in our economic growth.

    ‘Passion and influence’
    “His passion and influence in our communities will be remembered by everyone that enters the doors of Taumeasina Island Resort, the Bank of South Pacific, as much as he shaped everything, our cultural values, during one of his few visits to Samoa, including his acceptance of his chiefly title.

    “To George Jr and the children, may you continue your father’s legacy in Samoa and join us as a family in the coming years.”

    Sir Kostas, 66, was regarded as a visionary businessman who employed thousands of people and developed businesses across the Asia-Pacific region.

    He was the founder of Constantinou Group of Companies.

    His leadership and commitment to excellence and innovation was a key factor in driving the Constantinou Group, including Airways Hotels and Apartments, Hebou Construction, Lamana Hotel and Lamana Development Ltd, Monier Ltd and Rouna Quarries Ltd in PNG to success.

    Sir Kostas served as chair of the Bank South Pacific Financial Group Ltd and Air Niugini for many years.

    He was also a director of Oil Search Ltd.

    He was the father of Constantia, George, Andrea and Theophilus and grandfather to Imogen, Syliva, Harry, Zoe and George.

     

    This post was originally published on Asia Pacific Report.

  • RNZ News

    Prime Minister Chris Hipkins says New Zealand’s largest ever trade delegation to China has been “knocking on open doors”.

    Hipkins held a media briefing yesterday on the final day of his week-long trip to China.

    Hipkins has headed the trade delegation to China and has had successful meetings with top-ranking politicians, including Chinese President Xi Jingping.

    He said it had been a great trip, and he had been heartened by the positive reaction business leaders in the delegation had received.

    “There is a huge market here for New Zealand products and services and so I think for me one of the big insights was the door is wide open.”

    Hipkins said he had had the opportunity to see just how thriving the relationship between New Zealand and China was, “particularly building on a very successful event last night which had hundreds of local and New Zealand business people able to get together”.

    The relationship with China was “in good heart”, he said.

    He said he had navigated the relationship with China in the same way New Zealand always had, “to be open, to be candid, to be transparent and to be consistent in our position”.

    Watch the media briefing:


    Prime Minister Chris Hipkins in China media briefing.  Video: RNZ

     

    Visa issues
    Hipkins said the government had been well aware of difficulties with visas for a long time.

    “We knew it was going to be a bit of a bumpy road when we reopened the border and had this huge backlog to work our way through — particularly in areas like international student visas for example, which can be quite time consuming to process because there’s a lot more in them.

    “The timeliness around international student visa applications is looking pretty good, the timeliness around business visas is improving, the timeliness around visitor visas remains a challenging area for us because there’s a high volume of them and obviously the frequency with which they are flooding in continues to put the system under pressure.”

    He said things like identity verification were causing delays, but “certainly we’re working hard to try and speed that up”.

    PM Chris Hipkins in China
    NZ Prime Minister Chris Hipkins and the trade delegation . . . “A very positive vibe.” Image: Jane Patterson/RNZ News

    A ‘very positive vibe’
    Sealord chairperson Jamie Tuuta, the head of the business delegation, said there had been a “very positive vibe”.

    “It’s been wonderful to be part of the delegation, really promoting Aotearoa New Zealand as one and I think it’s been a real success.”

    He said the fact the prime minister had access to the top three politicians in China had been very important for business in China and economic relationships.

    “I think it really just demonstrates the longstanding relationship that New Zealand has had with China.”

    He said New Zealanders probably did not understand the level of coverage the trip has brought to the Chinese people in the media and social media, and said the large size of the delegation has been very beneficial.

    Tuuta said the feedback from everyone on the trip is that it has been “a great success and the nature of the conversations that have been had are warm and constructive, are such where actually it’s positioned us well as a country and as businesses to grow trade and to work constructively with our customers and market”.

    He said looking at other countries doing business in China, New Zealand businesses did punch above their weight.

    This article is republished under a community partnership agreement with RNZ.