Mainfreight calls for transport strategy involving KiwiRail

Article – BusinessDesk

July 29 (BusinessDesk) – Mainfreight chairman Bruce Plested has criticised what he says is the government’s lack of a national transport plan, throwing his support behind state-owned rail operator KiwiRail and calling it an integral part of the … Read more »

Labour will not support TPP if it undermines NZ sovereignty

Press Release – New Zealand Labour Party

The Labour Party will not support the Trans Pacific Partnership Agreement unless key protections for New Zealanders are met, Opposition leader Andrew Little says. Labour supports free trade. However, we will not support a TPP agreement that … Read more »

Successful first year for hi-tech start-ups

Press Release – New Zealand Government

Science and Innovation Minister Steven Joyce today welcomed a successful first year for innovative start-ups receiving repayable grants from the new technology incubators funded through Callaghan Innovation. Read more »

Radio NZ facing death by 1000 cuts

Press Release – New Zealand Labour Party

The National Governments seven year funding freeze on Radio New Zealand has put its vital public broadcasting services in serious jeopardy, Labours Broadcasting spokesperson Clare Curran says. Read more »

Southern Response to call on $500 mln govt backstop

Article – BusinessDesk

July 10 (BusinessDesk) – Southern Response Earthquake Services, the Crown entity established to house AMI Insurance’s earthquake liabilities, will get $500 million of uncalled capital from the government as the rising cost of quake claims pushes … Read more »

Govt told to keep quiet on KiwiSaver kickstarter axing

Article – BusinessDesk

July 9 (BusinessDesk) – The Treasury warned the New Zealand government not to announce the axing of the $1,000 kick-start KiwiSaver payment prior to Budget 2015 to avoid a spike of enrolments to the self-funding retirement and savings scheme. Read more »

NZ govt surplus widens in 11 months on company, PIE tax

Article – BusinessDesk

NZ govt surplus widens in 11 months on company, PIE tax inflows; delayed education spend Read more »

Financial Statements of the Govt of NZ, 11 Months to 31/5/15

Press Release – New Zealand Treasury

Once minority interests share of revenues and expenses are removed, the total Crowns operating balance before gains and losses (OBEGAL) was a surplus of $1,176 million in the eleven-month period. This compares to a forecast surplus of $193 million. … Read more »

NZ economy doesn’t need fiscal stimulus yet, Key says

Article – BusinessDesk

July 6 (BusinessDesk) – New Zealand’s economy is still fairly robust and doesn’t need increased government spending to give it a kickstart, Prime Minister John Key says. Read more »

Restrictions on High LVR Lending Information Release

Press Release – New Zealand Treasury

There have been two information releases relating to the Reserve Bank of New Zealand’s (RBNZ) restrictions on high loan-to-value ratio (LVR) lending. Read more »

Payment times plummet

Press Release – Dun and Bradstreet

Commercial cash flow appears to be in rude health, with analysis of invoice payments revealing that businesses are paying each other with record speed, although continued falls in dairy prices are expected to affect future performance. Read more »

NZBio backs fresh debate over new biotechnologies

Article – BusinessDesk

June 15 (BusinessDesk) – NZBio has waded into the debate over using new biotechnologies, including genetic modification, backing a call by Treasury secretary Gabriel Makhlouf for another look at New Zealand’s attitude to risk. Read more »

NZ govt accounts in 10-month surplus on PIE inflows

Article – BusinessDesk

NZ Crown accounts unexpectedly in surplus in 10 months to April as PIE tax fills coffers Read more »

Fast Enterprises beats SAP, Oracle to win IRD’s IT contract

Article – BusinessDesk

Fast Enterprises beats SAP, Oracle for contract to replace NZ tax department’s IT system Read more »

Treasury Release : Monthly Economic Indicators May 2015

Press Release – New Zealand Treasury

The May 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 »

KiwiSaver providing poor value for money, Treasury says

Article – BusinessDesk

May 25 (BusinessDesk) – The Treasury recommended a wider review of the KiwiSaver scheme than just axing the $1,000 kick-start payment, arguing it represents poor value for money for the government and has vague aims, according to its regulatory … Read more »

NZ credit ratings unaffected by government’s 2015 budget

Article – BusinessDesk

May 21 (BusinessDesk) – New Zealand’s credit ratings were unaffected by the government’s 2015 budget, Standard & Poor’s and Moody’s Investors Service say. Read more »

Books in good shape as surplus nears

Press Release – New Zealand Government

The Crowns books are in good shape and on track to surplus as the Government maintains its careful and responsible management of public spending, Finance Minister Bill English says. Read more »

Low inflation, ACC changes slash $3.2B from Crown balance

Article – BusinessDesk

Low inflation, ACC changes slash $3.2B from Crown balance, as KiwiSaver perk axed to help kids Read more »

John Key selective with facts on capital gains tax advice

Press Release – Green Party

Both the IRD and the Treasury have produced previous advice supporting a capital gains tax, including advice about bright line tests advice that conflicts with John Keys statement today that Nationals about-face on a capital gains tax … Read more »

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