Category: Malaysia

Questions and Answers – March 16

Press Release – Office of the Clerk 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister : What were the estimates given to him in his conversations with banks about the number of dairy farmers that are likely to go into receivership and leave the land? Questions to Ministers Dairy Industry—Estimates on Dairy Farm Receiverships 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister: What were the estimates given to him in his conversations with banks about the number of dairy farmers that are likely to go into receivership and leave the land? Rt Hon JOHN KEY (Prime Minister): I was not given a precise estimate, but the sense I was left with was that it would be modest. Andrew Little: From the advice he has received, how many dairy farmers does he think will be forced off the land? Rt Hon JOHN KEY: I do not know, but what I do know is that the Reserve Bank has released its stress testing. What the stress testing actually shows is that even under a very dire scenario where land prices fell 40 percent, the banks would be very strong and they would be in a position to continue lending to their existing borrowers—in other words, finance those farmers through a difficult downturn. David Seymour: Has the Prime Minister thought of just making Fonterra put up...

Read More

Speech: Connecting with Asia

Press Release – New Zealand Treasury Speech delivered in Auckland by the Secretary to the Treasury, Gabriel Makhlouf, 9 March 2016.Connecting with Asia: How do we Deepen our Integration into the Region? Published 9 Mar 2016 Speech delivered in Auckland by the Secretary to the Treasury, Gabriel Makhlouf, 9 March 2016. — Good afternoon. It’s a pleasure to be here. The global economy is changing rapidly, and the Asia-Pacific region lies at the heart of that change. The countries that participate in the APEC forum, which includes most of Asia and the Pacific Rim, contain 2.8 billion people, account for nearly 60% of world output and 50% of world trade[1]. If we include India, we are talking about a region that contains just over half of the world’s population. And the majority of countries in the region have GDP per capita that is lower than New Zealand’s, suggesting significant potential for further growth. We in New Zealand have strong connections on both sides of the Asia-Pacific region, which puts us closer to the driving force of global economic activity than ever before. I want to come back to the importance of the Eastern Pacific at a later date. Today, I want to speak about Asia. You may be wondering why the Treasury has a particular interest in Asia. We know that several decades of rapid economic growth in Asia...

Read More

Walker: Five other countries interested in joining TPP deal

Article – BusinessDesk March 7 (BusinessDesk) – Five other countries have informally expressed interest in joining the Trans Pacific Partnership agreement once it has been ratified by the original 12 signatories, according to chief negotiator David Walker. Five other countries interested in joining TPP deal, have to wait two years By Fiona Rotherham March 7 (BusinessDesk) – Five other countries have informally expressed interest in joining the Trans Pacific Partnership agreement once it has been ratified by the original 12 signatories, according to chief negotiator David Walker. To date TPP is confined to New Zealand, Australia, the US, Canada, Mexico, Japan, Singapore, Malaysia, Vietnam, Chile, Peru, and Brunei. Walker said Korea, Indonesia, China, the Philippines and Thailand were studying details of the recently-hammered out deal, which was more than seven years in the making, to see if they wanted to take that informal interest further, but “at the moment they can’t join because the agreement doesn’t exist.” When asked how many he thought would take it further, Walker reverted to ‘no comment’. The 12 signatories have two years to ratify the deal which requires six to do so in order for it to proceed, including the US and Japan. Around 200 people turned up in Auckland today for the first of 16 government roadshows and hui outlining details of the TPP, with fewer than a dozen protesters waving placards...

Read More

Questions and Answers – March 3

Press Release – Office of the Clerk 1. Hon ANNETTE KING (Deputy LeaderLabour) to the Minister of Health : What was core Crown health expenditure as a percentage of GDP in 2010/11 and what is it in 2015/16? Questions to Ministers Health Services—Crown Expenditure 1. Hon ANNETTE KING (Deputy Leader—Labour) to the Minister of Health: What was core Crown health expenditure as a percentage of GDP in 2010/11 and what is it in 2015/16? Hon Dr JONATHAN COLEMAN (Minister of Health): The 2015 Financial Statements of the Government of New Zealand state that in 2010/11 core Crown health expenditure was 6.7 percent of GDP, and in 2015/16 it is forecast to be 6.4 percent of GDP. This Government has increased health spending by $4 billion while increasing access to services for all New Zealanders. Hon Annette King: In light of that answer, does a 0.38 percent decrease in Crown health expenditure— Hon Steven Joyce: Oh, you’re going to say it’s a decrease. Oh, good on you, Annette. Hon Annette King: —as a percentage of GDP, Mr Joyce—between the 2010/11 and the 2015/16 years equate to $930 million less going into health if the spending level had stayed the same; if so, when will he acknowledge that health expenditure has been cut? Hon Dr JONATHAN COLEMAN: What a silly question. It quite clearly has not been cut, because it has...

Read More

Questions and Answers – March 2

Press Release – Office of the Clerk 1. METIRIA TUREI (Co-LeaderGreen) to the Minister for Building and Housing : Has the Minister received advice on how many childrens lives would be saved and how many child hospital admissions would be prevented by a rental housing warrant … Questions to Ministers Rental Properties—Warrant of Fitness and Impact on Child Health 1. METIRIA TUREI (Co-Leader—Green) to the Minister for Building and Housing: Has the Minister received advice on how many children’s lives would be saved and how many child hospital admissions would be prevented by a rental housing warrant of fitness; if yes, what are those figures? Hon Dr NICK SMITH (Minister for Building and Housing): My advice is that the Government’s proposal to require rental properties to be insulated would save 18 deaths per year and the mandatory requirement for smoke alarms 3 deaths per year. The analysis also shows savings of $12 million per year in hospital admissions. The estimates are not exclusively for children. It is not possible to give a single answer to the proposition of a warrant of fitness, because it depends on what the specific requirements of that warrant of fitness would be. My advice is that the greatest benefits are from insulation and smoke alarms, and that is why those requirements are to become law. We do not support requirements like those in the...

Read More