NZX signs MOU with freshly-licensed Bank of China

Article – BusinessDesk

Nov. 21 (BusinessDesk) – NZX, New Zealand’s stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets. Read more »

National income shows strong growth in 2014

Press Release – Statistics New Zealand

In the March 2014 year, New Zealand earned $14.4 billion more as a country than in 2013, Statistics New Zealand said today. National disposable income was up 8.2 percent to $189.2 billion, in current prices, in the March 2014 year. Read more »

Visitor expenditure from China almost $1 billion

Press Release – Ministry of Business Innovation and Employment

International visitor spend in New Zealand continues to grow, with spend from China now at a record $979 million, up 33 per cent from September last year, according to the latest quarterly International Visitor Survey released by the Ministry of … Read more »

ASB/Main Report Regional Economic Scoreboard September 2014

Press Release – ASB Bank

Canterbury continues its dominance of the ASB/Main Report Regional Economic Scoreboard and has now held the top spot for the last four quarters. The region continues to perform strongly across all economic indicators, with particular strength in employment … Read more »

NZ fiscal watchdog needed to guard the public purse

Press Release – New Zealand Initiative

New Zealand needs tighter fiscal rules and an independent watchdog to improve the quality of government spending and reduce the risk of a return to deficit spending as the countrys population ages, if not before. Read more »

51 Kiwi companies make the Asia Pacific Technology Fast 500

Press Release – Deloitte

Fifty-one New Zealand technology companies have been included in the 2014 Deloitte Technology Fast 500 Asia Pacific index, tying the record for Kiwi companies achieved in 2009 and outpacing last years 40 companies. Twelve are ranked in the top 100. Read more »

Wealthy Waikato farmers stonewall ‘foreign’ ownership

Press Release – Bayleys

Waikato dairying and grazing blocks going on the market for sale are remaining under the ownership of local farmers who are far better financially resourced than their counterparts from other New Zealand provinces, according to the latest batch … Read more »

National softening public up for 7th successive deficit

Press Release – Green Party

Finance Minister Bill English is softening the public up for an announcement that National is going to fail in even its very limited goal of achieving a budget surplus, the Green Party said today. Read more »

Supermarket inquiry finds no breaches by Countdown

Article – BusinessDesk

Nov. 20 (BusinessDesk) – The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the … Read more »

NZ performing well, return to surplus a challenge

Press Release – New Zealand Government

New Zealand remains on track for solid economic growth, more jobs and rising incomes over the next few years, but falling dairy prices and low inflation will make returning to surplus this year challenging, Finance Minister Bill English says. Read more »

Grow Whakatāne Board criticises airline decision

Press Release – Grow Whakatane Advisory Board

Members of the Grow Whakatne Advisory Board have condemned Air New Zealands decision to withdraw scheduled air services from Whakatane Airport and other regional centres in April next year. Read more »

Directors optimistic about economy, but face growth barriers

Press Release – Institute Of Directors

Directors are very optimistic about economic performance in the next 12 months, but believe that reducing the amount of red tape and building staff capability will further improve performance. Read more »

ASB cuts milk payout forecast after prices fall in auction

Article – BusinessDesk

ASB trims milk price forecast by 40c in wake of GDT prices hitting lowest level in five years Read more »

Chatham Rock Phosphate: Strong case for marine consent grant

Press Release – Chatham Rock Phosphate

Chatham Rock Phosphates proposal for seabed mining on the Chatham Rise involves very limited environmental risks in a small area, counsel James Winchester told the Environmental Protection Authority today. Read more »

New Zealand Small Business Continues to Falter

Press Release – CPA Australia

A new survey from CPA Australia has found that New Zealands small business sector continues to falter. Chief executive Alex Malley says the sixth annual Asia Pacific Small Business Survey shows that over the last year New Zealand small businesses … Read more »

Predator Free NZ project welcomed

Press Release – Forest and Bird

Federated Farmers and the conservation organisation Forest & Bird are welcoming the Predator Free New Zealand initiative as an ambitious but achievable project that will have real benefits for conservation and the economy. Read more »

NZ tractor sales set to match records on buoyant farming

Article – BusinessDesk

Nov. 18 (BusinessDesk) – New Zealand tractor sales are expected to match record highs for the modern farming era this year, as farming incomes are boosted by high milk prices and good growing conditions. Read more »

Decisions released on Proposed Rotorua District Plan

Press Release – Rotorua District Council

Rotoruas Proposed District Plan supports a progressive platform for the future says Rotorua Mayor Steve Chadwick. After three years of intensive community engagement and consultation, Rotoruas most important planning document for future development … Read more »

National’s cuts to R&D will hurt economy

Press Release – Green Party

Nationals planned cuts to research and development (R&D) funding will further undermine New Zealands future economic performance, the Green Party said today. Read more »

Knauf pullback to have “little effect” on housing costs

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Fletcher Building, New Zealand’s largest building company, says the potential scaling back of the local operations of its plasterboard rival Knauf would have “very little effect” on housing affordability. Read more »

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