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We need to intensify efforts to stimulate investment with our region so as to maintain mulberry alexa bag growth and create jobs. There are tremendous opportunities for this as we are experiencing rapid growth of middle class," said the president. He underlined the need to develop more and better infrastructure as an essential element for promoting connectivity in the Asia-Pacific region, which will not only help facilitate trade and investment but also boost job creation. "APEC needs to tackle inefficiency in the supply chain, we have to make it easier, cheaper and faster to conduct trade in goods and services across the borders,"Yudhoyono said. In this regard, "we continue to create a better business and investment environment and address many of the challenges," he michael kors satchel added. On Saturday, participants of the APEC ministerial meeting endorsed the multi-year plan on infrastructure development and investment that aims to assist economies to improve the investment environment, promote public-private partnership and enhance government capacity and coordination in preparing and executing infrastructure projects. The APEC forum has grown to encompass 21 members across the Asia-Pacific region, accounting for approximately 55 percent of global GDP and 44 percent of world trade, according to data provided on its official website. APEC economies remain a crucial source of global growth with an estimated growth rate of 6.3 percent in 2013 and 6.6 percent in 2014 as forecast by the IMF. The rate is more than twice the world average. Since mulberry clutch its inception in 1996, the CEO summit has become the premier business event in the Asia-Pacific region. It is usually held just prior to the two-day APEC leaders' summit and overlap with the latter by one day.The New Zealand government claimed Monday it had more than halved its operating deficit in the year to the end of June and was on track to hitting its target of an operating surplus in the 2014-2015 fiscal year. Higher tax revenue and lower-than-forecast core expenses helped to lower the government's operating deficit before gains and losses to 4.4 billion NZ dollars (3.64 billion U.S. dollars) at the end of June, compared with 9.2 billion NZ dollars the previous year. michael kors handbags uk The result was considerably better than the deficit of 7.9 billion NZ dollars forecast by the Treasury in May last year, Finance Minister Bill English said in a statement. "We are well on track to return to Budget surplus in 2014-2015. It's important we get there because, until we do, we will continue to increase our debt. Despite the considerable progress we are making, there is no room for complacency," said English. "In the past financial year, we were still borrowing a net 110 million NZ dollars a mulberry outlet york week, compared to almost 260 million NZ dollars a week in 2010-2011. Once we reach surplus, we will then have choices about reducing our debt and investing more in priority public services and important infrastructure." Treasury's Budget 2013 forecasts showed net core government debt was expected to increase from 10.3 billion NZ dollars in June 2008 to more than 70 billion NZ dollars by June 2017. "An active approach to managing the government's finances needs to continue for a number of years to get debt down to below 20 percent of GDP by 2020," English said. A Dubai-bound passenger plane of Pakistan International Airlines with at least 54 people on-board made an emergency landing after its engine caught fire shortly after it took cheap michael kors bags off from Pakistan's southern port city of Karachi on Sunday night, local media and officials said. An official from Civil Aviation Authority Abid Qaimkhawani said that the incident took place few minutes after the Airbus A310 took off from the Jinnah International Airport of Karachi at 10:20 p.m. local time. An eyewitness told local media that an explosion was first heard at one of the engines of the plane, followed by a fire. The huge explosion and the fire spread panic among the residents of the areas nearby the airport. The pilot of the plane contacted the control tower for an emergency landing following the incident. The authorities declared emergency at the airport by calling security mulberry lilypersonnel and rescue teams including medics and fire fighters at the runway. The PIA plane with flight number PK213 remained hovering over the airport for about five minutes before it was allowed to land at the airport, said the local media. The pilot discharged part of the plane's fuel before the emergency landing to avoid any further big fire, said local media. According to airport authorities, all the 54 passengers remained unhurt and were taken out of the plane safely. Engineers of the Civil Aviation Authority were called in to examine the plane while an inquiry was also launched to know the reasons of the incident. Newly appointed Indian External Affairs Minister Salman Khurshid arrived michael kors tote bag in Sri Lanka on Monday for crucial bilateral talks that are expected to center on power devolution, illegal fishing and starting a coal power plant venture, an official said here.