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New Zealand Prime Minister Ardern steers APEC Leaders toward course for recovery

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New Zealand Prime Minister Jacinda Ardern has chaired a meeting of leaders representing the 21 APEC member economies overnight.

“For the first time in APEC’s history leaders have come together for an extraordinary meeting focused exclusively on COVID-19, and how our region can navigate out of the worst health and economic crisis in living memory,” Prime Minister Jacinda Ardern said.

“Front of mind for leaders is achieving widespread access for vaccines globally and working collaboratively to provide them to everyone as soon as possible.

“Our discussions moved us beyond vaccine nationalism. Now we are focusing on all aspects of contributing to the global vaccination effort—making vaccines, sharing vaccines and using vaccines.

“Nobody is safe from this virus until everyone is safe. Ensuring both global vaccine access and uptake is as high as possible in the shortest time possible gives our regional and individual economies the greatest chance to accelerate recovery, and will support greater economic stability.

“We are also pushing for collaborative and practical solutions on safely reconnecting with the world by continuing to explore options including vaccine passports, travel green lanes and quarantine-free travel bubbles. This is a challenge to which we are working hard to find creative solutions.

“We have the opportunity to build back better and emerge from this crisis more inclusive, more sustainable and more adaptable than ever, and in order to achieve this as fast as possible—we need to do it together,” Prime Minister Ardern said. 

APEC Leaders also discussed a range of other matters relating to the pandemic including:

  • Individual domestic approaches to the ongoing management of COVID-19;
  • The evolving strains and health dimensions of COVID-19, with APEC helping speed the flow of vaccines;
  • Fiscal and monetary tools available to sustain economies through the pandemic, with the importance of keeping markets open to one another.

 

Leading a regional health, trade and economic response to the pandemic has been one of New Zealand’s priorities as APEC 2021 chair.

Today’s meeting builds on progress made at APEC trade, structural reform and finance ministers’ meetings from last month and sets a strong foundation for when APEC Leaders meet again in November. 

The full joint statement released by leaders at the conclusion of the meeting can be found here.

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Up to 200 athletes tested for doping so far at Asian Games

Between 150 and 200 Asian Games athletes tested for doping, yielding no positive results. Anti-doping efforts emphasized for a clean event, focusing on record-breakers.

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HANGZHOU, CHINA — Between 150 and 200 Asian Games athletes have already been tested for doping, the Olympic Council of Asia said on Monday, with no positive results so far.

Speaking at an anti-doping press conference on the second full day of the Games in the Chinese city of Hangzhou, the OCA said dope-testing was “gaining momentum” at the event.

Mani Jegathesan, an adviser to the OCA anti-doping committee, warned that drug cheats would be rooted out.

Up to 200 athletes have been tested so far, he said, but any positive results will take several days to come through.

“Every athlete participating in these Games must understand that they could be picked at any time,” Jegathesan warned.

“That is the best step to ensuring we have a clean event.”

There are about 12,000 athletes at the 19th Asian Games, more competitors than the Olympics, and Jegathesan admitted it would be impossible to test them all.

Instead, they will prioritise, including picking out those who break world or Asian records.

— AFP

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Foodpanda’s restructuring amid sale speculations

Food delivery giant Foodpanda, a subsidiary of Delivery Hero, announces staff layoffs in the Asia-Pacific region, aiming for increased efficiency. This move coincides with ongoing talks about potentially selling parts of its 11-year-old business.

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Foodpanda, a subsidiary of Delivery Hero, is initiating undisclosed staff reductions in the Asia-Pacific region, as discussions continue regarding the potential sale of a portion of its 11-year-old food delivery business.

In a memorandum circulated to employees on 21 September, Foodpanda CEO Jakob Angele conveyed the company’s intent to become more streamlined, efficient, and agile.

Although the exact number of affected employees was not disclosed, the emphasis was on enhancing operational efficiency for the future.

No mention was made in the memo regarding the reports of Foodpanda’s potential sale in Singapore and six other Southeast Asian markets, possibly to Grab or other interested buyers.

Foodpanda had previously conducted staff layoffs in February and September 2022. These actions come as the company faces mounting pressure to achieve profitability, particularly in challenging economic conditions.

The regulatory filings of Foodpanda’s Singapore entity for the fiscal year 2022, ending on 31 Dec, indicated a loss of S$42.7 million despite generating revenue of S$256.7 million.

Angele further explained that Foodpanda intends to review its organizational structure, including both regional and country teams, with some reporting lines being reassigned to different leaders. Additionally, certain functions will be consolidated into regional teams.

Expressing regret over the challenging decisions, Angele assured affected employees of a severance package, paid gardening leave, and extended medical insurance coverage where feasible.

Foodpanda will also forego the usual waiting period for long-term incentive plan grants, and vesting will continue until the last employment date. Employees will retain all vested shares as of their last day of employment.

Foodpanda, established in 2012 and headquartered in Singapore, became a part of Delivery Hero in 2016. The company operates in 11 markets across the Asia-Pacific region, excluding its exit from the Japanese market last year.

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