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

 


Creating a positive business environment

Creating a positive business environment key to New Zealand lifting its international results

The growing gap between New Zealand and Australia on the world competitiveness ladder should be a huge wake up call to both the Government and the business community.

Michael Barnett, Chamber of Commerce CEO was commenting on the latest IMD World Competitiveness Yearbook rankings showing New Zealand standing still in 16th place and Australia up from 7th into 4th spot behind Canada, Singapore and at number one, the United States.

“The survey details show very clearly that we need a two-pronged action plan,” he said.

“Firstly, we need to tidy up our act internally – by addressing major infrastructure problems, reducing compliance costs, and offering attractive tax and other incentives that will encourage new investment and businesses to locate and stay in New Zealand.
“Secondly, we need to go out to the world and sell New Zealand as a great place to invest, locate a business, live and work.”

Australia has spent the last 15 years fixing its transport infrastructure in key cities and encouraging private enterprise involvement; a Ministry of Small Business that targets reducing compliance costs, and it has an international campaign to market Australia as great place to be.

“Clearly, Australia is attracting many businesses and young talented New Zealanders across the Tasman. These results are another painful reality check – no one owes us a free ride to a better future; we must build our own future.

“I say, let’s start small by acknowledging the huge innovative talents of our thousands of SMEs and encouraging them to build and grow into medium and big businesses.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

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>>

ALSO:

Half A Billion Accounts, Including Xtra: 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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news