Private sector supports rebirth of strong Canterbury

Today’s announcement by Government outlining a $2.5 million funding package for business is welcomed by business. “A strong Canterbury emerging from the recent earthquakes is crucial for the whole country, not just the region itself. The Government’s commitment to Canterbury is good to see and so too is the support of the private sector,” BusinessNZ […]

Infrastructure Plan needs trade-offs

 Our next National Infrastructure Plan requires more detail about infrastructure trade-offs, says BusinessNZ.  The latest version of the plan, devised by the Treasury’s National Infrastructure Unit, is due for release soon.  BusinessNZ Chief Executive Phil O’Reilly says businesses need to have a clear sense of government priorities for infrastructure development in order to know what […]

A message to HERA Members and HERA Friends

From Dr Wolfgang Scholz Director Firstly, HERA staff and I am sure the collective HERA membership, would like to offer our condolences and heartfelt sympathies to all those members and their families affected by the 22nd February earthquake. The daily information flow has, in dramatic fashion, brought the extent of the suffering and damage to […]

Industries coordinate for recovery

Industry associations are working towards further coordination of the Christchurch relief operation.  More than 30 BusinessNZ-affiliated industry groups met today to exchange information on continuing relief efforts and undertook to spread the word that ‘business is open’ in Canterbury.  Member businesses of the industry groups are helping in many ways, including free use of helicopters, […]

New iPad released

The second-generation of the iPad has been released. The device that kicked off the tablet computing boom. is 15 per cent lighter than the original iPad and sports front- and rear-facing cameras. The iPad 2, will start at $US499 and ship in the US on March 11 and expand to 26 more countries on March 25. […]

There is a positive side

Forward indicators were pointing to an upturn for the New Zealand economy until the Christchurch earthquake, according to the BusinessNZ Planning Forecast for the March quarter 2011. The BusinessNZ Planning Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 indicators, including GDP, export volumes, commodity prices and inflation, debt and confidence figures. The ECI […]

ASB announces interest rate reductions

ASB has  announced it will be dropping its home loan fixed interest rates by up to 0.5 of a percentage point. The new Housing interest rates will be effective from 2 March 2011. For a fixed term of 6 months the new rate is 5.85 percent per annum, with the new 12 months Housing fixed […]

Trimming business insurance not a good move

According to Tower Insurance, one of the country’s oldest and most trusted providers, and Patron of Business Mentors New Zealand, some companies are trimming the scope of their insurance cover in a bid to cut costs. However, Tower warns this false economy could leave businesses open to huge bills and in many cases force their […]

Emergency meeting on earthquake response

CEOs of 50 leading New Zealand companies have  developed a Steering Group to co-ordinate private sector support for Christchurch following the  devastating earthquake. Members of BusinessNZ’s Major Companies Group CEO Forum were briefed by Prime Minister John Key, Finance Minister Bill English and Earthquake Recovery Minister Gerry Brownlee at a meeting in Auckland. The Forum identified […]