News
'Effects aren't being felt equally': Small businesses hit hardest
Big business appears to be navigating the winds of economic change far better than small operators dealing with challenges on a number of fronts.
Housing market slump turnaround unlikely before mid-2023
A turnaround in the current housing market slump is unlikely until the middle of 2023, as ongoing inflation is expected to drive fixed mortgage interest rates higher.
Investor aims to double $400m New Zealand hotel portfolio
Pro-Invest chair and chief executive Ron Barrott says New Zealand is still one of the world's most desirable tourism destinations and the primary driver behind its plan for growth.
Economic growth data due this week, forecasts range widely
Economists are making a wide range of forecasts for gross domestic product growth as the latest quarterly figures are about to be released.
Health tech sector adds 1200 new jobs
The fast growing health-tech sector has added more about 1200 jobs last year, employing many low-skilled workers.
Lack of hotel developments outside biggest city could impact tourism
A sharp downturn in the number of hotel developments could lead to shortages in popular tourist destinations outside of Auckland.
Few choices in retirement for those without significant savings - report
Inflation means pensioners relying on superannuation alone are finding it impossible to make ends meet, a new report says.
Trust touts zero interest loans for NZers in financial hardship
A community finance group is calling for millions of dollars to be invested in zero-interest, small personal loans to help the poorest of the poor denied credit by mainstream lenders.
House prices: 'Negative equity doesn't need to be a disaster'
Some home buyers are already experiencing negative equity in their home as market prices continue to decline.
Travel industry scrambles to gear up for return of more visitors
A battered travel industry is a shadow of its former self, with many smaller operators unable to survive more than two years of closed borders and lockdowns.
Govt plan aims to boost manufacturing sector investment, productivity
The government is looking to boost the productivity, investment, employment and export potential of the manufacturing sector with its Advanced Manufacturing Industry Transformation Plan (ITP).
Fund manager fees reducing benefits to investors - FMA study
Value for money is hard to find when it comes to the fees paid by investors to fund managers.
Coordination is key in big Auckland transport plans - CEO
The infrastructure industry says the handling of the tender process for two big Auckland transport projects is exactly what it has been asking for over the past few years.
Z Energy buyout attracts Commerce Commission scrutiny
The Commerce Commission is considering whether Mobil Oil's plan to buy Z Energy's jet fuel assets would substantially lessen downstream competition in the market.
Auckland Airport spending $300m on new transport centre, baggage system
The long-awaited construction of Auckland Airport's combined domestic and international terminal is a step closer as two critical infrastructure projects get underway.
Volatile market: Retail investors urged to sit tight
Small retail investors should sit tight and get financial advice before responding to volatility in global markets, including New Zealand's.
Unemployment expected to drop lower when new labour market data revealed
First quarter labour market data to be released on Wednesday is expected to show unemployment fell to around 3 percent from a record 3.2 percent in the last three months of 2021.
Corporate bonds back in fashion on back on rising interest rates
Corporate bonds are coming back into fashion as rising interest rates and uncertain economic conditions push companies to find alternatives to bank finance.
Medical biotech researchers call for more govt funds
Medical researchers want government support for biotechnology, which offers life-saving treatments as well as significant economic gains for New Zealand.
Cell tower sales may pay off for consumers
The possible sale of cellular telecommunications towers by the two biggest network owners could lead to cheaper services for consumers over the longer term.
Call for review of genetically modified tech regulation in NZ
It is time for a full review of genetically modified organisms and technologies, according to a groundbreaking report by the Productivity Commission.
Consumers spending less on fuel, groceries and takeaways as prices rise
More than two-thirds of consumers are cutting back on spending as a means of coping with inflation, with many looking for a hefty wage increase or considering a better paying job and other ways to…
FinTech sector experiencing exponential growth - report
The first detailed look at New Zealand's FinTech sector indicates it is growing faster than its global counterparts, with the 19 biggest firms generating $1.8 billion revenue last year.
Building industry urges delay to energy efficiency code
The industry says members are suffering from stress amid escalating costs and disruptions to supply and labour, and the code should be delayed a year.
Fair pay bill tipped for plenty of scrutiny during parliamentary process
The Fair Pay Agreements Bill is expected to bring about the biggest change to workplace laws in 30 years.