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In recent years, more and more government agencies, international organizations, non-government organizations and multinational corporations start to concern about Corporate Social Responsibility. Hence, the enterprises are supposed to periodically follow up latest information on top of the legislation, such as current season’s updates: The new U.S. tax law will make $2 trillion overseas investment backflow; ILO report the important progress on child labour and forced labour in Uzbek cotton fields; ILO predict the umemployment rate of Sub-Saharan Africa will be 7.2% in 2018 and etc.

1. ILO:The gender differences of economists will affect their research’s conclusions
A new research found a sizable gender gap among the European economists, that is man and woman may hold different views on a broad range of issues such as austerity measures, high-risk financial transactions control, renewable energy, drilling ang growing GM corps in wildlife refuge in North Pole.  

2. The new U.S. tax law will make $2 trillion overseas investment backflow
The "tax cuts and American Jobs Act " approved by the United States at the end of last year will have a significant impact on the international direct investment patterns.  In the special issue of “Global Investment Trends Monitor” in February 5, UNCTAD point out that it will affect multinationals and their foreign affiliates, which account for almost half of the worldwide foreign direct investment stock.

3. ILO report the important progress on child labour and forced labour in Uzbek cotton fields
Monitoring team found strong political will from central government to end fundamental labor rights’ violations during the 2017 cotton harvest: Child labour is no longer an issue, while forced labour is being systematically addressed. 

4. Iceland become the first country who enforce the equal remuneration for men and women employees in the world
Iceland anounced to eliminate wage inequality between men and women by legislation.  The bill was approved by Iceland Parliament and took effect from January 1, 2018. Iceland has become the first country who enforce the equal remuneration for men and women employees in the world.

5. ILO predict the umemployment rate of Sub-Saharan Africa will be 7.2% in 2018
Recently, ILO issued World Employment and Social Outlook – Trends 2018. The report shows that while the economic growth prospects have improved, the unemployment rate of Sub-Saharan Africa sits at 7.2% in 2018, with employers cutting 1 million jobs. It also noted that more than one-third employees live in extreme poverty and three quarters employee’s work status are very fragile in Sub-Saharan Africa.

 

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Ms. Alexis Shu
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SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 95,000 employees, SGS operates a network of over 2,400 offices and laboratories around the world.