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Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

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Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

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House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

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Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

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Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

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Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

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The Price Of Cheese: Cheddar At Eight-Year Low
Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

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Financial Advisers: New 'Customer-First' Obligations
Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

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Options Paper: Adams Proposes Hybrid Price Regulation For Telco Networks
Communications Minister Amy Adams is proposing a mix of price and revenue caps for telecommunications network operators such as Chorus in an overhaul of legislation regulating the sector and how it can charge for services. More>>

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Opposition Housing Policy: Government Not Taking HNZ Dividend After All
Steven Joyce’s surprise announcement that Housing NZ will no longer be used as a cash cow has forced the Finance Minister to make one of National’s biggest ever U-turns, Labour’s Finance spokesperson Grant Robertson says. More>>

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Recent Housing Coverage:

  • Reserve Bank call for Government action
  • Labour's Emergency Housing Policy (And More)
  • Values Rise At Fastest Pace In 12 Years
  • $1bn Loans For Local Govt Housing Infrastructure
  • Education: Teacher Bias Leads To Maori Student Failure - Study
    A new study from diversity consultancy Oranui, Unconscious Bias in Education, has revealed how teachers’ low expectations have lead to decades of under-achievement by Maori students. More>>

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    Losing Their Bottle: Ashburton Council Reneges On Controversial Water Deal
    The Ashburton District Council has reneged on its deal to sell commercial land to a Chinese-controlled company that planned to bottle South Island water for export in an initiative that excited strong local opposition. More>>

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    Council Investment Confirmed: Ruataniwha Decision A ‘Game Changer’ For Hawke’s Bay
    The decision by Hawke’s Bay Regional Council to invest in the Ruataniwha Water Storage Scheme is the best outcome for the Hawke’s Bay community, says IrrigationNZ. More>>

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    Commerce: Fletcher Cleared To Acquire Higgins Group
    Fletcher Building has gained Commerce Commission clearance to acquire rival construction company Higgins Group Holdings after dropping Horokiwi Quarries from its application to reduce its dominance in the aggregates market. More>>

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    Separation From 2degrees: Tex Edwards, 2degrees Founder, Sells Shares To Trilogy
    2degrees and Tex Edwards announced today that Tex and KLR have transferred all their interests in 2degrees to existing shareholder Trilogy International New Zealand LLC or back to the company. The terms of the transfers are confidential. More>>

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    Skodafone: Sky TV Shareholders Back Vodafone Deal
    Sky Network Television shareholders have today voted in favour of a proposed merger with Vodafone New Zealand that will create a media and entertainment provider with combined 2016 revenue of more than $2.9 billion and more than 3.7 million separate mobile and fixed connections and television subscriptions. More>>

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    Crown Accounts: 11 Month Surplus Exceeds Forecast
    he New Zealand government posted a larger-than-expected operating surplus in the first 11 months of the financial year, although most key indicators were in line with budget projections, meaning the forecast full-year surplus is likely to be achieved. More>>

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    Tax: GST Threshold For Online Purchases Won't Lower Before 2018
    The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

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    North Canterbury: Government Extends Drought Classification
    The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

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    Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ
    After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

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    Other Centres' Convention Centres:

    Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan
    Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

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