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PM says French exports hit by high euro

Efforts by France to improve competitiveness and reduce labour costs should not be undermined by a high euro, French Prime Minister Manuel Valls said Tuesday. The new prime minister of the eurozone's second-largest economy said in his maiden speech to parliament that the euro was now "10 percent more expensive than in the summer of last year, which obviously weighs on our exports."

PM says French exports hit by high euro

Efforts by France to improve competitiveness and reduce labour costs should not be undermined by a high euro, French Prime Minister Manuel Valls said Tuesday. The new prime minister of the eurozone's second-largest economy said in his maiden speech to parliament that the euro was now "10 percent more expensive than in the summer of last year, which obviously weighs on our exports."

Park urges public firms to join reform drive

SEOUL, Jan. 7 (Yonhap) -- President Park Geun-hye called on heavily-indebted public firms Tuesday to take an active part in efforts to improve their efficiency, renewing her commitment to public sector reform. "Public organizations take on an important role of providing public services directly linked to the everyday lives of the people. We can say that the competitiveness of public organizations translates directly into national competitiveness," Park said during a Cabinet meeting.

FTC head vows to boost fair competition

SEOUL, Dec. 13 (Yonhap) -- South Korea's antitrust watchdog will intensify its efforts to boost fair competition through tighter enforcement of laws designed to crack down on unfair business practices and reduce so-called intra-group deals among affiliates of the country's conglomerates, its head said Friday.

Hospitals will quote prices for parking, not procedures

By Shereen Jegtvig NEW YORK (Reuters Health) - People usually don't know what their medical procedures cost until after they leave the hospital, and a new study suggests they would have a hard time finding out in advance Inspired by an earlier study looking at hip replacement surgery costs, researchers tried to see if consumers could get price quotes for a much simpler diagnostic test from Philadelphia area hospitals.

India brings in new rules to reduce transfer pricing tax disputes

NEW DELHI (Reuters) - India will introduce new tax rules on Wednesday, the finance ministry said, in a move aimed at reducing litigation with multinational companies over transfer pricing. Transfer pricing is a practice used by multinational companies around the world to reduce their tax burden by paying for services across borders between their different units. There has been a surge in tax disputes related to the practice over the past year as India seeks to maximize revenue to meet tough fiscal deficit targets.

A look at the world's most and least competitive economies as ranked by World Economic Forum

Switzerland is the world's most competitive economy, according to an annual survey published Wednesday by the World Economic Forum. The United States' competitiveness is rising again after four years of decline, though northern European countries continue to dominate the rankings. Here is a look at the world's top — and bottom — 10 countries in term of competitiveness.

S. Korea's ranking in global competitiveness drops to 25th: WEF report

SEJONG, Sept. 4 (Yonhap) -- South Korea's ranking in global competitiveness dropped by six notches this year, affected by the prolonged low economic growth trend and the heightened geopolitical risks surrounding the Korean Peninsula, a report showed Wednesday. According to the report compiled by the World Economic Forum (WEF), the competitiveness index for South Korea ranked 25th out of 148 countries surveyed this year, down from 19th a year earlier. This was the lowest since 2004 when the ranking slipped to 29th in the same WEF report.

S. Korea's global competitiveness remains unchanged at 22nd: IMD report

SEJONG, May 30 (Yonhap) -- South Korea's global competitiveness ranking remained unchanged for the third straight year in 2013 despite deepening economic uncertainties at home and abroad, an international institute said Thursday. According to the 2013 World Competitiveness Yearbook unveiled by the International Management Development Institute (IMD), South Korea ranked 22nd in terms of global competitiveness among 60 countries surveyed.

Public-private partnership roadshow in Palawan to boost regional competitiveness

A roadshow on “Boosting Regional Competitiveness through Public-Private Partnership” will be held here Thursday by the National Competitiveness Council (NCC) and the Department of Trade and Industry (DTI)-MIMAROPA.The roadshow, co-organized by the Regional Competitiveness Council (RCC), is part of the aim of inclusive growth of the Philippine Development Plan which the NCC is pursuing in order to promote competitiveness at all levels in both the public and private sectors.Leading the regional roadshow is Guillermo Ruiz, private sector Co-Chairman and Executive Director of Mak
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