Archive for May, 2010

New Zealand govt. announces $36 million investment fund to boost Sheep and associated industries

Comments Off | 05-31-2010

The New Zealand government announced a $36 million investment fund that will revolutionize the sheep industry in the country. The New Zealand Merino Company (NZM) and the Government’s Primary Growth Partnership (PGP) announced the $36 million and a 5 year plan that is aimed at increasing the impetus and the impressive economic returns that have [...]

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Securities Commission’s (New Zealand) investigation findings urge investors to take actions against breachers of Securities Acts

Comments Off | 05-29-2010

The Securities Commission of New Zealand said that its recently concluded investigations into the finance companies in the country revealed that most of the investors in those companies are entitled to refunds on their investments. In cases where persons and companies had contravened the law by offering securities to the public minus a registered prospectus, [...]

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Queenstown prepares for Tourism Rendezvous New Zealand showcase and subsequent high investments in May 2011

1 Comment » | 05-28-2010

Queenstown, New Zealand’s favorite tourist destination will host the country’s biggest international event next year. The country’s tourism industry’s yearly international showcase, Tourism Rendezvous New Zealand (TRENZ) will be held for the first time in the quite resort town towards the end of May 2011.
Queenstown Lakes District Council Mayor Clive Geddes said that this [...]

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Mixed reaction to a massive boost in payout to Dairy Farmers by Fonterra

Comments Off | 05-27-2010

A surprise boost to the forecast pay out in the dairy industry is likely to inject almost $100 million into the local economy. Dairy Farmers in New Plymouth and the larger Taranaki area received the news yesterday with jubilation as Fonterra announced a figure of $6.90 to $7.10 per kilogram of milksolids yesterday, about 50 [...]

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Could a temporary funding freeze by the government be good for NZ’s education industry?

Comments Off | 05-27-2010

At least four of New Zealand’s Universities announced a move to cut varsity admissions, blocking out thousands of students. This came as a response to a funding freeze by government for tertiary education and an increase in the amount of enrolments given the increasing unemployment experienced in the last two years. The government intensified its [...]

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Oil and Gas industry- an investment opportunity in New Zealand

Comments Off | 05-25-2010

The Taranaki Basin is New Zealand’s premier Oil and Gas exploration region with about 11 petroleum mining licenses or permits fields. The production and use of Hydrocarbons in New Zealand only became significant in the 1960s in terms of the country’s economy and its fuel needs. A BP 2008 Statistical Energy Survey established that New [...]

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The Fiscal Budget 2010-2011 dominates Weekly wrap-up of Investment News in NZ

Comments Off | 05-24-2010

The New Zealand government read its budget for the fiscal year 2010/2011 on Thursday last week. New Zealand Finance Minister Bill English announced that the company tax rate will fall from 30% to 28% from the 2011/12 income year as part of a package of tax cuts. The new tax rates will come into [...]

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Napier’s upcoming developments make it a favorable investment destination

Comments Off | 05-22-2010

The city of Napier is a port city located in Hawke’s Bay, New Zealand with a population of 58,100 according to 2009 estimates. The population of its “twin city” Napier Hastings, an urban area, is 122,600 which makes it the fifth largest urban area in New Zealand. The city is only 320 kilometers north [...]

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Why to invest in Hamilton, New Zealand

Comments Off | 05-20-2010

Situated in the North Island, the south of the Auckland region; Hamilton city stands at the center of the Waikato region, one of New Zealand’s richest Agricultural regions with Agriculture dominating most of its economy but other industrial sectors such as manufacturing and retail are emerging thus providing a diverse investment environment in the city. [...]

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IT industry poised for growth in New Zealand

Comments Off | 05-20-2010

Famed for its innovative knowledge based economy, New Zealand is a world leader in the application of technology to add value with its array of innovative IT companies. New Zealand is one of the quickest countries in the world at adopting new technologies, with one of the highest rates in the world for internet usage, [...]

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