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

 


Wgtn Regional Chamber of Commerce Welcomes Budget

Press Statement

Wellington Regional Chamber of Commerce Welcomes Business Friendly Budget Outcomes

“The Budget contains several pieces of good news for small and medium sized business” says Charles Finny, CEO of the Wellington Regional Chamber of Commerce. “The proposed changes to depreciation rates are consistent with calls from small and medium sized business, as were the already announced changes to fringe benefits tax.”

“Funding increases for small and medium sized business development through such initiatives as BIZ Info, Business in the Community and Project Collaboration are also to be welcomed”, said Charles Finny, “the Chamber looks forward to continuing work with Government in these areas.”

“Increased funding for essential infrastructure such as roading is also a positive step, but increases of $100 million a year over the next three years is not enough. Auckland and Wellington and several other parts of the country are facing a roading crisis. With Government achieving and forecasting continuing healthy surpluses, now is the time to invest substantially more in road projects over the next few years,” Finny concluded.

ENDS

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Results:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news