Proposals to tax personal use of work phones and laptops unenforceable, antiquated

Proposals by Inland Revenue to tax the personal use of work mobile communication devices like mobile phones, tablets and laptops are both unenforceable and contrary to government’s ambition to lift workplace productivity, the Employers and Manufacturers Association says. “Our members are angry about the IRD tax proposals,” said Kim Campbell, EMA’s chief executive.  “We’re being […]

Clarity on SOE float welcomed

BusinessNZ has welcomed the clarity provided by the Supreme Court’s decision on the proposed share offer for Mighty River Power.  Chief Executive Phil O’Reilly says the partial float provides a significant opportunity for the development of New Zealand’s capital markets and for wider investment possibilities for New Zealanders.  “The decision will provide a boost to […]

Capital markets report useful but more needs to be done

The Government’s final report under the Business Growth Agenda lists useful undertakings to enable better access to capital, says BusinessNZ. Building Capital Markets is a useful component of the Agenda to build the New Zealand economy, says BusinessNZ Chief Executive Phil O’Reilly. “However, for it to achieve the Government’s goal of New Zealand becoming a […]

Capital markets report identifies challenge to growth

For New Zealand exports to rise to 40 per cent of GDP, $200 billion in capital is needed by 2020, much more than is currently invested in our export economy. That’s the scale of the challenge presented by the Building Capital Markets report issued today, said Kim Campbell, chief executive of the Employers and Manufacturers […]

Living in a fool’s paradise?

 John Key recently claimed that the high dollar is a good thing, saying “For a lot of New Zealand consumers, their life’s actually a lot better because of the strong dollar.” This claim looks at only one part of the complex story of exchange rates which is harming our manufacturers and exporters, says the New […]

Smart food and innovation in action

Auckland-based innovation centre, The FOODBOWL, which offers food and beverage producers exclusive use of its world-class facilities, is swinging its doors open to the industry and public. More than 600 people, including equipment and ingredient suppliers and packaging companies, are expected to attend Open Days on March 13 and 14 that showcase The FOODBOWL’s progress, […]

Let’s have a small celebration

Small, because we can’t get too carried away – just yet. Manufacturing is back in the black with a PMI reading in January of 55.2. This is 4.8 up on December and the highest result since May last year. A reading of over 50.0 is an indication that manufacturing is generally expanding. This was the […]

Loss of trust in business—and what this means for the global economy

The causes and consequences of decreasing public trust in business, and what this means for societies and the global economy, will be the focus of a public lecture on Monday at the Victoria Business School. Harvard Professor and Victoria University alumnus Paul Healy will discuss recent cases and research findings that provide insights into the […]

Use by date for Telecom workers

There may be a lot more people experiencing the languid Friday afternoons following the announcement today that Telecom is to lay off “hundreds of workers”. This comment is not forgetting other people across companies in New Zealand who are regularly being layed off with no recall and not much chance of  a new work environment. […]

“Best to do Nothing”

The Reserve Bank Governor, Graeme Wheeler’s speech yesterday was essentially more of the same – an ongoing attachment to orthodoxy reinforced by a reluctance to do anything new, believing it is best to do nothing as change always has its risks, says the New Zealand Manufacturers and Exporters Association (NZMEA). NZMEA Chief Executive John Walley […]

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