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Invest In NZ News

  • McDonald's: You won't believe their jaw-dropping shopping bill

    Fast food giant McDonald's spent $173 million on local produce for its New Zealand stores last year, an increase of $18m from a year earlier.

    If you factor in the New Zealand produce sent to Australia, the United States and the South Pacific, the company's total bill came to $344m.

  • Barfoot & Thompson raises tenant change fee

    Auckland-based real estate giant Barfoot & Thompson has hiked a fee charged to some tenants by more than 140 per cent.

    The tenant change fee is levied on renters when they decide to bring a new flatmate into the property.

  • Tourism Holdings lowers profit guidance as US business falter

    Tourism Holdings shares fell 24 per cent when trading opened after the company lowered its full-year earnings guidance by as much as 22 per cent and said a decisive operation and capital review of its US operations is now underway.

  • Minister Parker leads trade delegation to China

    Minister for Trade and Export Growth David Parker will lead a delegation of business representatives to China next week to advance the economic relationship between China and New Zealand. 

  • Supporting our regions with $2.3 million investment in the Great Rides

    The Government is investing a further $2.3 million in the Great Rides, which draw visitors to our regions, boosting local economies and the tourism sector, Tourism Minister Kelvin Davis announced today.

    Government funding of $1.3 million will create an extra 34.5 km of new cycle ways on the Hawke’s Bay Trails Great Ride, adding to the over 200 km of largely off-road flat trails.

  • Proposed Emissions Trading Scheme improvements attract support

    Submissions on improvements to the New Zealand Emissions Trading Scheme (ETS) show that there is broad support to make improvements to the scheme, says the Minister for Climate Change.

  • Government will not implement a Capital Gains Tax

    The Coalition Government will not proceed with the Tax Working Group’s recommendation for a capital gains tax, Jacinda Ardern announced today.

    “The Tax Working Group gave the Government, and the country, an opportunity to look at the fairness of our tax system and debate options for change,” Jacinda Ardern said.

  • Govt responds to Tax Working Group report

    The Coalition Government today released its response to the recommendations of the independent Tax Working Group report.

    The report found that on the whole New Zealand’s tax system was working well, but made a number of recommendations to improve fairness, balance and structure.

  • PGF invests in Top of the South ocean economy

    The Provincial Growth Fund (PGF) will invest almost $7 million in the Top of the South’s ocean economy and also support the first economic growth strategy for all communities in the wider region, the Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today.

    Future development of the region’s ocean economy will be supported by a $6.4 million PGF investment in the following projects:

  • Counting the social cost of crashes

    Associate Transport Minister Julie Anne Genter says a report outlining the social cost of road crashes highlights the enormous impact death and serious injury have on New Zealand and New Zealanders.

    The Ministry of Transport’s annual update released today puts the estimated social cost of motor vehicle fatal and injury crashes in 2017 at $4.8 billion, an increase of $0.6 billion on the previous year.

  • Less red tape, new national interest test focus of consultation on overseas investment rules

    To grow our economy and lift productivity we need investment, both by New Zealanders and overseas investors. Overseas investment is welcomed where it supports New Zealanders’ wellbeing.

  • NZ dollar climbs against Aussie after dovish RBA minutes

    The New Zealand dollar was a little weaker against the greenback but stronger against the Australian dollar on signs it won't take much for the central bank there to cut interest rates.

    The kiwi was trading at 67.58 US cents at 5pm in Wellington from 67.72 at 8am and at 94.52 Australian cents from 94.27.

  • Kiwi company Joy Business Academy could drive CVs to extinction

    The hunt for staff often takes a familiar path: an ad placed online is quickly followed by an avalanche of CVs, many of which are wholly unsuitable for the role.

    But this could come to an end if a Kiwi company Joy Business Academy has its way.

  • Bulding company MR8 Construction in liquidation

    Another Auckland construction business has gone into liquidation, sparking a dispute over work in Ponsonby, but an ex-director of the builder says no money is owed.

    Companies Office records show BHSSR, previously called MR8 Construction, went into voluntary liquidation today, in the hands of Waterstone Insolvency.

  • Government and industry sign Construction Sector Accord

    Government commitments

    ·         Better procurement practices and improved pipeline management

    ·         Improved building regulatory systems and consenting processes

  • The Superannuation Fund has divested almost $20m from seven gun-producing companies

    The Government's $41 billion sovereign wealth fund has ditched all its investments in companies which produce semi-automatic weapons.

    The NZ Superannuation Fund now has no involvement with companies that manufacture automatic and semi-automatic firearms, magazines or parts prohibited under New Zealand's new gun laws.

  • New restrictions on semi-automatic firearms will extend to exports

    Disarmament and Arms Control Minister Winston Peters has welcomed law changes prohibiting certain semi-automatic weapons, magazines and parts in New Zealand, and announced that the new restrictions on these items will also extend to most exports.

    “From 12 April the criteria for the export of strategic goods will change” Mr Peters said.

  • Investment to meet demand for heavy machinery operators

    The Provincial Growth Fund (PGF) will invest up to $4.3 million to help establish a state-of-the-art heavy machinery operator training centre in Northland to address skills shortages and grow jobs, Regional Economic Development Minister Shane Jones has announced today.

  • Rising greenhouse gas emissions show the need for action on climate change

    New Zealand’s latest Greenhouse Gas Inventory shows emissions are on the rise, underscoring why the Government is taking action on climate change.

    The Inventory shows New Zealand’s gross emissions increased 2.2 per cent between 2016 and 2017, and have increased by 23.1 per cent between 1990 and 2017.

  • Major step in expanding access to Wellington’s waterfront

    The Associate Minister of Transport Julie Anne Genter has announced that the Ngauranga to Petone section of the Wellington to Hutt Valley pathway is a major step closer, following a greenlight from the NZ Transport Agency Board to proceed to the next phase of the project.

  • Customs confirms changes after eGate system review

    Customs officers will now always conduct face-to-face checks when eGates reject a passenger, Minister of Customs Hon Kris Faafoi announced today.

  • $1 million for Communities of Readers

    A grant of $1 million to Te Puna Foundation will fund a new initiative designed to connect more children and young people to reading, Internal Affairs Minister Tracey Martin announced today.

    The Minister said improving children’s lives was a priority for the Government. “Helping with their reading and literacy development is one of the ways in which we can work to achieve this.

  • Legal framework for gun buyback scheme announced

    Police Minister Stuart Nash has announced a legal framework for the gun buyback will be established as a first step towards determining the level of compensation. It will include compensation for high capacity magazines and parts.

    Mr Nash has outlined changes to the Arms (Prohibited Firearms, Magazines and Parts) Amendment Bill which will be debated during the committee stages of the legislation.

  • Bill to improve ACC scheme passed

    The Government is able to improve the wellbeing of older working New Zealanders and those working overseas with the passing of the Accident Compensation Amendment Bill says the Minister for ACC Iain Lees-Galloway.

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