Manufacturers and Exporters welcome changes to apprenticeship scheme

The New Zealand Manufacturers and Exporters Association (NZMEA) welcome the announced changes to the apprenticeship scheme, particularly the merging of the Modern Apprenticeship fund into one scheme and the increase in funding. “It’s simple, easy to understand, administer, and supports all apprentices regardless of age,” says Peter Herbert, Executive member of the NZMEA and Chair […]

Trans Tasman double taxing of dividends ‘economic colonialism

The failure to make a firm recommendation on the mutual recognition of imputation tax credits clouds the value elsewhere in the joint report, Strengthening Trans-Tasman Economic Relations, just released by the Productivity Commissions of New Zealand and Australia. The Employers and Manufacturers Association says the failure not to come out strongly in favour of mutual […]

Holding pattern

The service sector continues to see its level of expansion slip lower, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for December was 51.5. This was down 2.7 points from November, following a 3.6 fall from October (A PSI reading above 50.0 indicates that the service sector is generally expanding; […]

Govt focus right on the money, but…

Prime Minister Key’s aspirational speech today focuses on what it needs to – the economy, and business applauds that, as far it goes. “Without a doubt the PM’s speech is right in principle to focus on investment,” said Kim Campbell, chief executive of the Employers and Manufacturers Association. “Its also great to see the PM […]

New Zealand Apprenticeships right approach

More funding and focus on apprenticeships is the right approach, says BusinessNZ. BusinessNZ Chief Executive Phil O’Reilly says the revamped New Zealand Apprenticeships scheme announced today will help get more people into needed skill areas. “More overall funding, higher requirements for educational content and financial incentives to enter into apprenticeships are useful changes,” Mr O’Reilly […]

Strong agenda to encourage investment, jobs

The Government is pressing ahead with a wide range of measures to build a more productive and competitive economy, Prime Minister John Key says. “New Zealand has to be a magnet for investment,” he said in a speech to the North Harbour Club in Auckland today. “That’s investment by individuals and small businesses, as well […]

Deflation spectre portends cut to OCR needed

In light of the latest CPI result today the Reserve Bank should review how it assesses inflation and cut the official cash rate, the Employers and Manufacturers Association says. “With inflation below the Reserve Bank’s mandated target for three consecutive quarters now the official cash rate should be cut, said Kim Campbell, EMA’s chief executive […]

China begins to lose edge as world’s factory floor

BEIJING—China is losing its competitive edge as a low-cost manufacturing base, new data suggest, with makers of everything from handbags to shirts to basic electronic components relocating to cheaper locales like Southeast Asia. The shift—illustrated in weakened foreign investment in China—has pluses and minuses for an economy key to global growth. Beijing wants to shift […]

NZ builders snubbed in construction job ad

NZ First is outraged an Australian company is looking to import foreign construction workers to New Zealand with the promise of high pay and free food and accommodation, in what looks like a snub to Kiwi builders. Australian HR company TR7 has listed an advertisement on job website Seek, looking for expressions of interest from […]

High interest, high business tax rates penalising investment

While we do not agree companies operating in New Zealand should aggressively seek to pay the minimum tax possible in New Zealand, this is no time to be signaling we are about to tighten our company tax rules, the Employers and Manufacturers Association says. The statement is in response to the release of an Issues […]