Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Successful Business – Successful New Zealand

Successful Business – Successful New Zealand

Congratulations to Dr Cullen for putting business at the centre of Government strategy to drive up NZ’s prosperity.

“This is a major shift of focus on previous Budgets going back many years”, said Auckland Chamber Chief Executive Michael Barnett.

The strengthened role asked of business is reflected by Budget announcements to:

Give a strong push to SMEs to reduce tax and compliance costs; Invest more in R & D; Focus immigration around recruiting skills we need; Give a big push to on the job training; Improve advisory services to employers on occupational health and safety issues; Provide better offshore support and more trade missions for exporters to leverage off.

However there are some major disappointments too. While Dr Cullen says the surplus path outlined for the next four years is enough to maintain investment in infrastructure, it is perplexing that he has not shown more confidence in the numbers to immediately embark on a programme to solve transport and energy crises.

Instead he says he intends holding out action for next year’s Budget. “Another year out and both crises will be that much worse and that’s unacceptable”, concluded Mr Barnett.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news