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

 


Labour’s manufacturing policy a good contribution

Labour’s manufacturing policy a good contribution

ManufacturingNZ Executive Director Catherine Beard says Kiwi manufacturers will welcome some of the ideas in Labour’s manufacturing policy announced today, however some areas need more work.

“We’re pleased Labour has picked up on some of the recommendations in our recently released Castalia report: New Zealand Manufacturing Sector: Its Dynamics and Competitiveness.

“In particular, there are big opportunities to build bigger and more internationally competitive companies by involving them in larger domestic projects through Government procurement. This requires whole-of-life value to be factored in, instead of just focusing on the lowest price with little regard to quality.

“A continued focus on R&D is welcome. In comparing tax credits with the current system, we do see advantages with the Callaghan Innovation approach. An advantage we are anticipating with the Callaghan Innovation grants programme is encouraging a better R&D ecosystem by getting CRIs and universities working more closely with business. It is important to stay the course with these sorts of policies.

“While accelerated depreciation might be welcomed by some manufacturers, our preference is for tax reform across the board to make our businesses competitive internationally.

“While manufacturers would like a lower Kiwi dollar, we are cautious about any change in the mandate of the Reserve Bank. There are other things that can help take the pressure off the dollar, such as reducing debt and increasing savings.

“Regarding the forestry and wood products industry package, we would prefer Government policies that did not negatively impact on other sectors when it comes to things like building materials. A level playing field is required so as not to distort investment decisions.

“Addressing the skills shortage is definitely something manufacturers would like to see, so we would like to see Labour’s policy on this. Manufacturers tell us that talent driven innovation is their number one competitive advantage.”

Ends

© 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