Support package for Kaikoura businesses extended

Press Release – New Zealand Government

The wage subsidy package for quake-affected businesses in and aroundKaikoura will be extended for a further eight weeks, Economic Development Minister Steven Joyce and Social Development Minister Anne Tolley announced today. Read more »

Quiet month in card spending

Press Release – Statistics New Zealand

Total retail spending using electronic cards was $5.2 billion in November 2016, up $254 million (5.1 percent) from November 2015, Statistics New Zealand said today. The largest increase came from the consumables industry, up $101 million (5.8 percent. Read more »

Joyce in Dreamland with His Failing Economic Plan

Press Release – New Zealand First Party

Minister of Economic Development Stephen Joyce has ducked for cover to avoid embarrassment over the dumping of a plan to build a $300 million pulp mill at Ngawha near Kaikohe, says New Zealand First Leader and Northland Member of Parliament Rt Hon Winston Peters. Read more »

Hardworking Kiwis need better public services, not neglect

Press Release – New Zealand Council of Trade Unions

The current Governments priorities for next years Budget say nothing about improving public services, yet deteriorating public services hurt working people as much as a pay cut, says CTU Economist, Bill Rosenberg. Read more »

NZ government to spend more as economy accelerates

Article – BusinessDesk

Dec. 8 (BusinessDesk) – The New Zealand government has earmarked an extra $2.1 billion for capital spending in its election-year budget as it benefits from a stronger forecast track of economic growth in the next few years that will swell its tax take. Read more »

Fonterra total payout this year likely to be $6.40/kgMS

Article – BusinessDesk

Dec. 8 (BusinessDesk) – Fonterra Cooperative Group has told shareholders at its annual meeting in Darfield today that the indicative payout level to its 10,500 farmer suppliers this season will be $6.40 per kilogram of milk solids. Read more »

Recruitment trends for 2017

Press Release – Hays

What will the recruitment market in 2017 bring? According to recruiting experts Hays, jobs growth, flexible headcounts, a digital skills gap, wage pressure for highly-skilled professionals and work-life integration will be key features. Read more »

Economy must deliver a fair go for New Zealanders

Press Release – New Zealand Labour Party

The latest Half Yearly Economic and Fiscal Update (HYEFU) provides further evidence that the economy that the National Government and Bill English have is sitting on shifting sands and leaves many people behind, Labours Finance spokesperson Grant … Read more »

Government’s update paints a rosy economic picture

Press Release – PricewaterhouseCoopers

Treasurys Half Yearly Economic and Fiscal Update offers a rosy outlook for the next few years. Growth is expected to be around 3.5% and averaging 3% over the next five years. Read more »

Another ‘Steady as She Goes’ economic update for the Crown

Press Release – PricewaterhouseCoopers

The Governments Half Yearly Budget Policy Statement paints a rosy picture of the economy: with strong growth, coupled with low inflation and weak wage pressures. Read more »

Treasury forecasts solid growth, stable finances

Press Release – New Zealand Government

Treasurys latest forecasts show the Governments programme of responsible economic and fiscal management is delivering benefits for New Zealanders, Finance Minister Bill English says. Read more »

RBNZ’s Wheeler sees ‘continued strong economic growth’

Article – BusinessDesk

Dec. 8 (BusinessDesk) – Reserve Bank governor Graeme Wheeler says the prospects are good for “continued strong growth” in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up … Read more »

Mothballing of Ngawha Plan Alarming

Press Release – New Zealand First Party

A proposal for a major Northland wood processing plant, potentially employing hundreds at Ngawha, appears to have been killed off by a self-serving, dysfunctional electricity industry, says New Zealand First Leader and Northland MP Rt Hon Winston Peters. Read more »

Household sector saving continues to decline

Press Release – Statistics New Zealand

Household net disposable income was $138.4 billion (up 2.8 percent), while household spending was $141.4 billion (up 3.6 percent) in the March 2016 year, Statistics New Zealand said today. Read more »

RBNZ Governor Wheeler Speech on NZ Economy

Press Release – HiFX

RBNZ Governor Wheeler has given a speech this morning on New Zealand economy and growth prospect. His key points were as follows: Read more »

Funding for Bay of Plenty tourism project

Press Release – New Zealand Government

Economic Minister Steven Joyce and Associate Tourism Minister Paula Bennett announced today that $158,000 is being committed to a visitor economy project as part of the Toi Moana Bay of Plenty Action Plan. The Plan has a key action to develop a collaborative … Read more »

Growth prospects look promising in face of int’l risks

Press Release – The Reserve Bank of New Zealand

The prospects look promising for New Zealands economic expansion to continue in the face of considerable international uncertainties, Reserve Bank Governor Graeme Wheeler said today. Read more »

Economic Outlook Stronger

Press Release – Palmerston North City Council

The latest Manawat Quarterly Economic Monitor report suggests that economic growth in the Manawat region continues to strengthen. Read more »

NZ dollar gains ahead of Wheeler speech

Press Release – BusinessDesk

Dec. 8 (BusinessDesk) – The New Zealand dollar rose ahead of a speech by Reserve Bank Governor Graeme Wheeler and before the government’s fiscal and economic update, which may paint a more upbeat picture of the outlook. Read more »

Wheeler not keen on bank deposit insurance

Article – BusinessDesk

Dec. 7 (BusinessDesk) – The Reserve Bank is unlikely to introduce state-backed insurance on bank deposits, saying the moral hazard is too high and it prefers the option of protecting those with small balances through guaranteed repayments. Read more »

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