Archive for August, 2015

BNZ worried about ‘near-recession’ as Key talks economy up

Article – BusinessDesk

Aug. 31 (BusinessDesk) – The Bank of New Zealand is increasingly concerned the economy is grinding to a halt following today’s confirmation in the ANZ Bank Business Outlook survey of slumping business confidence. Read more »

MARKET CLOSE: NZ shares fall as traders fear more volatility

Article – BusinessDesk

Aug. 31 (BusinessDesk) – New Zealand shares fell as investors remained cautious after last week’s spike in volatility when equity markets were sold off on fears over the Chinese economy. Dual-listed stocks, such as A2 Milk Co, Xero, Skycity Entertainment … Read more »

IRD seeks feedback on withholding tax for foreign buyers

Article – BusinessDesk

Aug. 31 (BusinessDesk) – The Inland Revenue Department is proposing to introduce a withholding tax on foreign buyers of residential property from July next year as part of the government’s plans to crackdown on speculators. Read more »

Minister welcomes Queenstown research week

Press Release – New Zealand Government

Science and Innovation Minister Steven Joyce has today welcomed the commencement of the 2015 Queenstown Research Week. Read more »

NZ dollar falls as business confidence sinks to 6-year low

Article – BusinessDesk

NZ dollar falls as business confidence sinks to 6-year low, US jobs data eyed Read more »

Peter Wise to take the helm at IDC New Zealand

Press Release – IDC New Zealand Ltd

Auckland, New Zealand, 31st August 2015 Peter Wise has been appointed to the role of Country Manager, IDC New Zealand effective 1 September 2015. In his new role, Peter will be reporting to the A/NZ Managing Director Ullrich Loeffler who was also … Read more »

Pre-paying funerals important as retirement saving

Press Release – Funeral Directors Assn of NZ

Most New Zealanders dont pre-pay their funerals even though its just as important as saving for retirement, says the Funeral Directors Association. Read more »

CORRECT: PGC FY profit shrinks 99% from restated accounts

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Pyne Gould Corp, which restated its 2014 accounts to remove an anticipated gain on the sale of Perpetual Trust, said 2015 profit shrank by 99 percent as interest income fell, expenses jumped and the asset management firm didn’t … Read more »

Property Council to recognise southern young achievers

Press Release – Property Council Of New Zealand

Nominations are officially open for the inaugural Property Council New Zealand | Meridian Energy Southern Excellence Awards. Read more »

Waitemata Harbour Crossing Needs High Priority

Press Release – George Wood

While North Shore Ward Councillor George Wood welcomes the Auckland Transport Alignment Project, he has concerns over what impact this new stream of work will have on the development of the proposed Waitemata Harbour tunnel. “The Government through the … Read more »

Free service boosts feed efficiency for dairy farmers

Press Release – HMC Communications

In a bid to help dairy farmers in tight times, GrainCorp Feeds has announced that 150 clients nationwide will receive free access to a feed forecasting, tracking and monitoring service. Read more »

NZX-listed companies more resilient, earnings season shows

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Analyst are more upbeat about the prospects for earnings in 2016, upgrading more than half the firms they cover after the latest reporting season, with the weaker kiwi dollar set to bolster export receipts, offsetting a … Read more »

Great news for Palmerston North air passengers

Press Release – New Zealand National Party

Jono Naylor has welcomed this mornings announcement that Jetstar will begin to offer flights to Palmerston North. Read more »

Live Nation NZ, MHC cleared by OIO to buy Vector Arena

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Live Nation NZ and MHC Investments have been cleared by the Overseas Investment Office to acquire Aucklands 12,000-seat Vector Arena for an undisclosed sum. Read more »

Removal of FBT key to improved wellness in the workplace

Press Release – Health Funds Association of NZ

Passing the Affordable Healthcare Bill so that fringe benefit tax is removed from health insurance would greatly improve wellness in the workplace, the Health Funds Association (HFANZ) said today. Read more »

IRD seeks feedback on taxing on foreign property buyers

Article – BusinessDesk

Aug. 31 (BusinessDesk) – The Inland Revenue Department is proposing to introduce a resident withholding tax on foreign buyers of residential property from July next year as part of the government’s plans to crackdown on speculators. Read more »

Caregivers and nurses support midwives

Press Release – NZNO

Momentum is building in New Zealand to address gender pay inequality says New Zealand Nurses Organisation (NZNO) caregivers, nurses and midwives. Read more »

Extended regional air service a good start

Press Release – NZ Rural General Practice Network

Today’s announcement that Jetstar will offer four extra regional destinations to its New Zealand routes and the suggestion that more will likely be added is positive news for regional and rural communities, says New Zealand Rural General Practice … Read more »

Police warn users of sex sites of potential for extortion

Press Release – New Zealand Police

Waikato Police are warning surfers of on-line adult internet sites to be wary following a number of incidents where members of the public engaged in sex sites have become victims of extortion. Read more »

Monthly Economic Indicators August 2015

Press Release – New Zealand Treasury

The August Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events. Read more »

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