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 […]

Manufacturing Heroes

They are everywhere, manufacturing heroes. And they have been for years. Think Bill Gallagher, Blair McPheat, Robert Darroch, Peter  Rocque. Think the inventors at  Rex Bionics, Ultrahelicopters, Metalform with their wheelchair and Inovent with the Rotacrane. And you, the reader, is probably thinking why isn’t my name on the list as well? These are a […]

Manufacturing continues expansion in January 2011

Manufacturing activity in January 2011 shows a positive start to the year with the fourth consecutive month in expansion, according to the BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for January stood at 53.7, up slightly from 53.2 in December (a PMI reading above 50.0 indicates that manufacturing is generally […]

More of the same

Judging by Prime Minister John Keyss opening address to Parliament we are to anticipate more of the same in 2011; that means a continuation the economic funk seen over the past two years, and the resulting build up of debt. The New Zealand Manufacturers and Exporters Association (NZMEA) is calling for significant policy changes so […]