Export sales recover

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2011, shows total sales in July 2011 increased 13.5% (export sales increased by 16.4% with domestic sales increasing 11.2%) on July 2010. The NZMEA survey sample this month covered NZ$439m in annualised sales, with an export content of 46%. […]

Small business needs to be an election issue

The SME sector can play an even more important part in the recovery and growth of the New Zealand economy.   Picture: Paul Kane With an election looming, every small businesses in New Zealand needs to lift their voices and be heard, asking each electoral party what they will be doing to help the SME […]

Small business needs to be an election issue

With an election looming, every small businesses in New Zealand needs to lift their voices and be heard, asking each electoral party what they will be doing to help the SME sector. Paul Kane, a partner in New Zealand accounting firm Grant Thornton, said that for a sector that plays such an important part in […]

Discontent over earthquake insurance

41 percent of respondents rate the overall performance of their insurance company’s response to claims as ‘very poor’ or ‘poor’ while only 18 percent rated their performance positively according to a New Zealand Manufacturers and Exporters Association (NZMEA) survey. The survey assessed damage after the June earthquakes and the performance of insurance companies and Government […]

SouthMACH 2011 overcame the weather

            Picture: Busy times on the Cigweld stand at SouthMACH 2011. By Doug Green Reports in suggest some good business was done at SouthMACH 2011, which wound up today in Christchurch. A worthy effort by the show organisers, Hayley Media who had to delay the show until now because of […]

Counting the beat

 The July results are tremendously encouraging. Business sentiment remains perky. A net 48 percent of businesses expect better times for the economy over the coming year, up marginally on June. The construction sector remains the flagbearer for general business confidence with a net 60 percent of construction firms’ optimistic about the general economy. Sentiment is […]

Brightwater appoints new CEO

  Brightwater have announced the appointment of Chris Ellis to the position of Chief Executive Officer Brightwater. Chris is currently Chief Executive of the Building Products Division of Fletcher Building Limited. This role involves the leadership of a portfolio of businesses across Australasia. In this role he is also a member of the Senior Executive […]

Australia provides stability through choppy seas

July saw ongoing durability in New Zealand’s manufacturing sector, partly aided by our trans-Tasman cousins according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for July was 53.2 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). Although this was […]

ASB’s full year result reflects steadying economy

  Improved economic conditions have contributed to ASB recording a 27.6 percent increase in statutory net profit after tax to $568 million for the year ended 30 June 2011. For the prior year, the result was $445 million, excluding the one-off tax charge of $209 million. Commenting on the New Zealand economy and the ASB […]

Make government a customer, not an investor

Make government a customer, not an investor   At a forum hosted recently by the New Zealand Computer Society in Auckland some participants talked about the role of government in fostering innovation. I was struck by the contrast between this and a lecture by visiting University of Texas professor Rob Adams the following week giving […]

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