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

 


Business Growth Agenda could be addressing bigger problems


Business Growth Agenda scoring runs, could be addressing more complex problems


Today’s Business Growth Agenda update shows progress being made towards a stronger economy, says BusinessNZ.

Focusing on what helps business grow jobs and well-being for the community is valuable, says BusinessNZ Chief Executive Phil O’Reilly.

“The Government is aiming for the big goal of doubling exports by 2025 and has made many moves in support of it – more free trade agreements, less red tape for exporters, financial market regulation for stronger capital markets, investment in infrastructure, support for innovation and higher value products, and others.”

But Mr O’Reilly said there were some holes in the Business Growth Agenda that needed addressing.

“Second rate regulation continues to load compliance costs on business. The Government should be advancing legislation that sets standards for lawmakers to help get fewer, better quality laws.

“Infrastructure is subject to increasingly complex procurement processes and unclear regulations, prompting investors to price in a risk premium, making our infrastructure more expensive and business less competitive.

“More progress is needed towards agreed rules on water. We are yet to see any concrete proposals for allocating water rights, a key need for many business operations.

“And the area of skills and productivity poses many challenges despite the many useful education initiatives in the Business Growth Agenda. We still have a severe shortage of skills needed by business – ICT, engineering, trades and others – and appreciate that it takes time to turn around the policies to get them, however there is a need for integrated policies to ‘grow the talent pipeline’ not just at the tertiary end but through the whole school system. And while taxpayers are spending billions on tertiary education, this has yet to translate into much improvement in our overall productivity.

“Business would like to see some of these more complex problem areas addressed.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

ETS Review: Modelling Documents Released

Three technical documents are being released to help New Zealanders engage with the Emissions Trading Scheme (ETS) review, Climate Change Minister Paula Bennett says. More>>

ALSO:

Northland: Govt Plan Targets Transport, Web, Maori Assets

The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, minerals, a potential workforce, scope for manufacturing, forestry and aquaculture, and proximity to Auckland. More>>

ALSO:

Statistics: Unemployment Rate Falls To 5.3 Percent

The unemployment rate fell to 5.3 percent in the December 2015 quarter (from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September ... More>>

ALSO:

Employment: Labour Urges Talley’s To End AFFCO Lockout

Labour has urged Talley’s to resolve the ongoing industrial dispute with AFFCO workers which is having a severe effect on the employees, their families and their communities, Labour’s Workplace Relations spokesperson Iain Lees-Galloway says. More>>

ALSO:

Three Kings: Govt To Oppose Appeal Blocking $1.2B Auckland Housing Plan

Environment Minister Nick Smith and Housing New Zealand have joined legal proceedings in support of Auckland Council and Fletcher Building opposing a bid by community groups to only allow low-rise housing in a $1.2 billion housing redevelopment on the disused site of the Three Kings quarry. More>>

ALSO:

Transport: Jetstar Expands Regional Network With Three New Routes

More New Zealanders than ever before will have access to Jetstar’s affordable flights when new services take off today from Auckland to New Plymouth and Palmerston North, and Nelson to Wellington. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news