RBNZ Policy Targets Agreement must reflect changes in ‘best practice’

The Policy Targets Agreement (PTA) with the newly appointed Reserve Bank Governor Graeme Wheeler must have some serious revision say the New Zealand Manufacturers and Exporters Association (NZMEA). Wheeler was named as the Governor to replace Alan Bollard on Tuesday and will sign a new PTA with the Minister of Finance before taking over from […]

Cash Flow Crisis Crippling Christchurch Rebuild

Christchurch businesses are struggling with a cash flow crisis that threatens to cripple the region’s efforts to rebuild according to Lock Finance, which has specialised in business financing since 1889 and has a significant number of Canterbury clients. Lock Finance CEO Simon Thompson, who is also a part time consultant to the World Bank, explains: […]

New Direction for Reserve Bank A Potential Boost for Small Business

The selection of former World Bank managing director Graeme Wheeler as the new Reserve Bank governor could be an opportunity for the bank to take a new direction on interest rates, as research by MYOB suggests even small cuts in the official cash rate could have a significant impact on New Zealand’s businesses. According to […]

Steven Joyce opens New Zealand Food Innovation Waikato

PIC CAP: Minister Steven Joyce views the Technopak’s world-first packing technology inside the NZ Food Innovation Waikato plant; Dave Shute, Plant Manager (L) providing an explanation. Hamilton, New Zealand – Economic Development and Science and Innovation Minister, Steven Joyce, joined 100 invited guests today at the Waikato Innovation Park to officially open its new spray dryer […]

Self-made man wins exporters’ champion award

Forty years after starting out in business, self-made man Sir Ken Stevens has won the inaugural award, Exporters Champion for Exemplary Services to Export, at the Air New Zealand Cargo ExportNZ Auckland Awards 2012. Award winners were announced Friday night at a gala dinner at the Langham Auckland hotel. A ‘this is your life’ presentation […]

Widening current account deficit needs policy attention

A widening current account deficit needs Government policy attention say the New Zealand Manufacturers and Exporters Association (NZMEA). Statistics New Zealand released their Balance of Payments and International Investment Position for the March quarter this morning showing a current account deficit of 4.8 percent of GDP, up from 3.7 percent last year, and a larger […]

Techspan: NEW e-commerce website (v.05)

  Plastics and Printing Technologies supplier Techspan Group, have just released their new and improved e-commerce website for online shopping: The new Techspan Group e-commerce website is now live. The website has just undergone a facelift and been redesigned with simple navigation access to all products. Five product groups: • Plastics Machinery • Plastic Welding […]

Power of multilaterals

Mexico’s bid to enter TPP negotiations demonstrates the power of multilateral trade deals, says ExportNZ. The Trans Pacific Partnership started life as a relatively small agreement between four disparate countries – Brunei, Chile, Singapore and New Zealand – but is now the subject of negotiations with several major Pacific economies. ExportNZ Executive Director Catherine Beard […]

Business input invited on workplace safety review

For the first time in 20 years the government is putting money into a wide-ranging review of New Zealand’s workplace health and safety system and Auckland businesses are being invited to have their say about it. The cost of workplace injuries in New Zealand is reported at $1 billion per year. “The changes coming out […]

New business boosts service sector expansion

Phil O’Reilly Increased levels of new business/orders is assisting service sector expansion, according to the latest BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for May was 56.8. This was almost identical to the April result (56.7) and the highest result for any month since November 2011. A PSI reading above 50.0 indicates […]