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

 


Hidden Gems in Budget for Wellington

Hidden Gems in Budget for Wellington

Today’s restrained Budget is exactly what New Zealand needs to cement-in the economic gains of the past few years, says Wellington Employers’ Chamber of Commerce Chief Executive Raewyn Bleakley.

“This Budget will build on the platform of a return to strong and sustainable growth.

“The economy is on the right track, and the forecast $372 million surplus and growth of between 2% and 4% over the next four years, shows that the pain and restraint of recent times will have been worth it.

“The prospect of more jobs, higher wages, and even tax cuts further down the track will be welcomed across the economy.

“Business will welcome the boost for research and development, particularly the tax breaks for loss-making start-ups and tax deductibility for ‘black hole’ expenditure.

“These are the type of things that will help drive sectors such as Wellington’s innovative ICT industry, and that’s exactly what this country needs.

“The boost for tertiary education and research in science, agriculture, training, and initiatives will likewise help to further feed much-needed skills into business.

“We are also are pleased to see the already announced $69 million to expand NZTE’s presence in China, South America and the Middle East, supporting businesses to establish their presence in these international markets.

“Overall this is a sensible, careful and responsible budget providing confidence for businesses.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Post-Post: Brian Roche To Step Down As NZ Post CEO

Brian Roche will step down as chief executive of New Zealand Post in April 2017, having led the state-owned postal service's drive to adjust to shrinking mail volumes with a combination of cost cuts, asset sales, modernisation and expansion of new businesses. More>>

ALSO:

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news