Regional GDP another benchmark for new Govt

Press Release – New Zealand National Party

Regional GDP figures out today from Stats NZ provide a further benchmark for the new Government to live up to, National Party Regional Development Spokesperson Paul Goldsmith says. Read more »

January storms cost insurers $38.5 mln, more claims to come

Article – BusinessDesk

March 21 (BusinessDesk) – Ex-cyclone Fehi has cost insurers $38.5 million so far, with that expected to rise and the cost of other extreme weather not yet quantified, the Insurance Council said. Read more »

Fonterra takes $405M Beingmate charge, posts 1H loss

Article – BusinessDesk

March 21 (BusinessDesk) – Fonterra Cooperative Group slashed $405 million off the carrying value of its investment in Beingmate Baby & Child Food, calling the performance of its Chinese partner “unacceptable”. The writedown and a … Read more »

Bay of Plenty Tops Regional GDP Increases Again

Press Release – Statistics New Zealand

The Bay of Plentys increase in nominal GDP topped the regions for the second year in a row, Stats NZ said today. Read more »

Auckland Economy Hits $100 billion

Press Release – Statistics New Zealand

Aucklands nominal GDP has passed $100 billion for the first time, Stats NZ said today. Read more »

Jones needs to get some discipline

Press Release – New Zealand National Party

While some regional New Zealanders may share Mr Jones frustration with air services, Shane Jones is going too far indulging in personal attacks on business leaders, National Party Economic Development Spokesman Paul Goldsmith says. Read more »

A wellbeing approach to assessing the Govt’s balance sheet

Press Release – New Zealand Government

A wellbeing approach to assessing the Governments balance sheet The 2018 Investment Statement He Puna Hao Ptiki , shows how the Treasury is moving towards a more holistic way of assessing the Governments balance sheet, by incorporating principles from … Read more »

NZ govt debt loses ‘darling of the high-yield world’ status

Article – BusinessDesk

NZ govt debt loses ‘darling of the high-yield world’ status as US Treasury yields climb Read more »

Investment Statement shows strong government balance sheet

Press Release – New Zealand Treasury

The Treasurys 2018 Investment Statement He Puna Hao Ptiki published today shows the governments balance sheet is healthy and resilient to economic shocks, says Treasury Secretary Gabriel Makhlouf. Read more »

Amendments proposed to forestry rights screening regime

Press Release – New Zealand Government

Hon David Parker Associate Minister of Finance 20 March 2018 Amendments proposed to forestry rights screening regime Investments in sensitive land involving forestry rights will be brought into the scope of the Overseas Investment Act under changes … Read more »

Confidence in residential property near pre-election levels

Press Release – Colliers International

Confidence in the residential property market has bounced back to near pre-election levels, new research shows. Read more »

NZ consumer confidence ticks back up

Article – BusinessDesk

March 20 (BusinessDesk) – New Zealand consumer confidence retraced its post-election drop to return to average levels in the March quarter as political jitters faded and the economy remains strong. Read more »

REINZ Rural: An Easing in the Late Summer Market

Press Release – REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 52 fewer farm sales (-11.9%) for the three months ended February 2018 than for the three months ended February 2017. Overall, there were 384 farm sales in the three months … Read more »

Minister launches new study on the Value of Sport

Press Release – New Zealand Government

Hon Grant Robertson Minister for Sport and Recreation 17 March 2018 MEDIA STATEMENT Minister launches new study on the Value of Sport to New Zealand Read more »

Govt to invest $5 mln in Northland wharves

Article – BusinessDesk

March 16 (BusinessDesk) – The government will invest up to $5 million in wharf upgrades in Northland through the provincial growth fund, regional economic development minister Shane Jones said. Read more »

Bay of Islands Airport terminal upgrade to get $1.7M

Article – BusinessDesk

March 16 (BusinessDesk) – Bay of Islands Airport in Kerikeri’s terminal upgrade will get $1.7 million of funding from the provincial growth fund, regional economic development minister Shane Jones has announced. Read more »

Wharf upgrades at Paihia, Russell and Opua

Press Release – New Zealand Government

The Provincial Growth Fund (PGF) will provide much-needed investment in three Northland wharves, boosting the tourism sector and creating new jobs and opportunities to the region, Regional Economic Development Minister Shane Jones says. Read more »

Four more Far North economic development projects

Press Release – Far North Holdings

Four more economic development projects championed by the Far North District Councils commercial trading and asset management arm Far North Holdings are to receive $6.724 million of government funding from the Provincial Growth Fund (PGF) launched by the … Read more »

Bay of Islands Airport upgrade

Press Release – New Zealand Government

The Provincial Growth Fund (PGF) will help support a desperately-needed upgrade at the Bay of Islands Airport in Kerikeri, Regional Economic Development Minister Shane Jones has announced. Read more »

NZ dollar little changed after weaker 4Q GDP

Article – BusinessDesk

March 15 (BusinessDesk) – The New Zealand dollar was little changed, benefiting from ongoing US dollar weakness despite initially falling on weaker-than-expected domestic economic growth. Read more »

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