Covid 19 coronavirus: New Zealand directors fees drop for first time in a decade
26 Apr, 2021 05:00 PM
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Covid-19 had an impact on directors fees in 2020. Photo / 123RF
The economic impact of Covid-19 has hit the boardroom, with directors fees falling for the first time in nearly a decade, a Strategic Pay survey finds. Data spanning both private and public sector organisations revealed a 2.4 per cent decrease in median fee levels for non-executive directors – a result of a reduction in fees experienced by some, and a lack of movement for many others - reflecting a tough and unusual 2020 , Strategic Pay said.
Noting that the Covid-19 pandemic is an asymmetric shock it said that countries have been affected differently and the result may be greater economic divergence both within and between countries in the region.
Rhode Island Holds Bond Sale to Spur Economic Recovery
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This week, the State of Rhode Island sold three series of general obligation bonds to spur a broad-based economic recovery for Rhode Island. Treasurer Magaziner has advocated for the use of bonding to jumpstart job creation in Rhode Island since this summer, and he helped lead the effort to pass seven bonding measures in this March s special election. With this bond sale, our state can now put thousands of Rhode Islanders back to work fixing our roads and bridges, building more affordable housing for those in need, preserving our pristine natural landmarks that are so important to our tourism industry, and more, said General Treasurer Seth Magaziner. I m proud the state was able to take advantage of historically low interest rates on these bond sales, which will go a long way towards boosting economic development in the state.
VIENTIANE, April 23 (Vientiane Tines/ANN): Laos Cabinet members are discussing seven fundamental issues which are seen as vital for economic recovery in the post-pandemic period.
They met at the government’s April meeting which opened in Vientiane and was chaired by Prime Minister Phankham Viphavanh.
The two-day meeting takes place as the Covid-19 pandemic continues to rage worldwide, disrupting the Lao economy and the livelihoods of local people.
The first report discussed by cabinet members related to the implementation of projects and other work to be achieved this month and plans for May.
The second item tabled for review concerns the 20-year development of a national digital economy (2021-2040), 10-year strategy on digital economy (2021-2030), and the digital economic development plan for 2021-2025.