PwC signs MoU with China Development Bank for reconstruction of Christchurch

PwC (formerly known as PricewaterhouseCoopers) has signed a Memorandum of Understanding (MoU) with China Development Bank (CDB). The MoU was signed at Premier House, Wellington today by President of CDB Shanghai Branch GUO Lian and PwC Chief Executive Officer Bruce Hassall. On hand to witness the signing was Chinese Vice Premier HUI Liangyu and New […]

Delcam Summit celebrates 15 years, 2,000 customers for China subsidiary

Delcam,which is represented in New Zealand by Camplex, held its annual Asian Technical Summit in Zhuhai, China, from 6th to 8th September as part of the celebrations of the fifteenth anniversary of the founding of its Delcam China subsidiary. The Summit is held each year to present the latest developments from the company to its […]

Wake up to Pacific business opportunities

Pacific Island countries contribute far more to the New Zealand economy than many people realise. In the past year ending June 2011 our trade surplus with the Pacific Islands was more than $1.3 billion! We need to balance our Pacific trade by ensuring we are actively encouraging exports to New Zealand; working in partnership not […]

Mix brings steady expansion for manufacturing

August saw a mix of results that kept manufacturing in expansionary mode, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for August was 52.9 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). Although this was down slightly on […]

RBNZ lessons from the Swiss

The Reserve Bank of New Zealand (RBNZ) should take the Swiss National Bank’s lead at the Official Cash Rate announcement on Thursday and take action on the exchange rate say the New Zealand Manufacturers and Exporters Association (NZMEA). Switzerland, like New Zealand, is a small trade exposed economy that relies heavily on export revenues and […]

Sleepovers resolution receives cautious welcome

The agreement struck for government to provide funding for workers required to ‘sleepover’ as part of their workplace arrangements has been cautiously welcomed by the Employers & Manufacturers Association. “Its good the sleepovers issue is to be resolved, but some employers will be nervously waiting to see how far the government’s generosity will extend,” said […]

Standing still not an option

A static performance is not enough when our competitors are accelerating, says BusinessNZ. Commenting on the World Economic Forum’s Global Competitiveness Report, BusinessNZ Chief Executive Phil O’Reilly (left) said this was the clear message from this year’s report. Two years ago New Zealand ranked as the 20th most competitive nation in the world; last year […]

New Zealand competitiveness restricted by innovation performance

New Zealand’s Global Competitiveness Index score has remained stable since last year but the country has slipped two places to 25th of 142 countries, overtaken by Israel and Malaysia. New Zealand’s overall performance is limited by innovation and business sophistication, the most important drivers of economic performance in advanced economies. The New Zealand Institute Director […]

Youth skills and employment policy ticking many of the right boxes

BusinessNZ is pleased to see the Labour Party’s youth skills and employment policy focusing on the crucial need to ensure that all young people under 20 years of age are learning or earning. BusinessNZ, Chief Executive, Phil O’Reilly said training more apprentices is something many businesses will welcome. “Both parties need to ensure that available […]

Export sales recover

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2011, shows total sales in July 2011 increased 13.5% (export sales increased by 16.4% with domestic sales increasing 11.2%) on July 2010. The NZMEA survey sample this month covered NZ$439m in annualised sales, with an export content of 46%. […]