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


Large Companies Call For A New Approach

The leaders of NZ’s largest companies have called for a new approach to the economy after Covid-19.

Around 60 CEOs of major companies have contributed to recommendations to the new Government following next month’s election.

The CEOs say a new approach is needed for jobs and the economy, and for infrastructure development and border management.

Guidance on an Economic Plan for New Zealand contains recommendations for more certainty for investment in major sectors including energy, agriculture, heavy industry, transport and others.

Clarity around NZ’s infrastructure pipeline of work is also required, along with more partnerships bringing a broader range of capital to infrastructure development, the CEOs say.

The Guidance calls for action to save existing jobs as well as create new ones in the wake of the Covid crisis.

The CEOs also recommend a new approach to managing the border: shifting from ‘closed’ to a risk management approach. They want a simple, fast process for bringing critical workers across the border, and say the immigration system should be refocused to help NZ gain more foreign investment, increase exports and build more infrastructure.

The Major Companies Group says the new Government that takes office after next month’s election will need to focus on the four key areas - jobs, the border, infrastructure and the economy - to give New Zealand the best chance of growth and recovery from Covid-19.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Science Media Centre: Understanding DDoS cyber attacks – Expert Reaction

Cyber attacks have hit several New Zealand organisations this month, disrupting their online services. The Distributed Denial of Service (DDoS) attacks were the same kind of cyber attack that affected the NZX around this time last year... More>>

Financial Markets Authority: Spike in investment scam complaints since COVID

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of COVID-19. The warning comes as the FMA responds to a rise in complaints about investment scams and fraud lodged with the regulator in the first half of this year... More>>

Statistics: Strong export growth narrows current account deficit to $3B

The seasonally adjusted current account deficit narrowed to $3.0 billion in the June 2021 quarter, Stats NZ said today. The current account deficit was $2.2 billion narrower than the previous quarter due to an increase in value of goods exports (up $1.4 billion) and services exports (up $1.7 billion... More>>

Statistics: GDP rises in the June 2021 quarter

Gross domestic product (GDP) rose by 2.8 percent in the June 2021 quarter, following a 1.4 percent increase in the March 2021 quarter, Stats NZ said today. June 2021 quarter GDP was 4.3 percent higher when compared with the December 2019 quarter... More>>

Energy-from-waste: $350 Million Plant To Deliver Renewable Energy Considered

Investigations have begun into the viability of building an Energy-from-Waste plant that will safely convert 350,000 tonnes of waste, that would otherwise be dumped into South Island landfills annually, into renewable electricity... More>>

Olam: Confirms plans for commissioning of NZ dairy plant

OFI, a global leader in natural and sustainable food ingredient solutions, today confirmed plans to develop a new dairy processing facility at Tokoroa. It is now taking expressions of interest from potential farmer suppliers, employees, contractors, and general trade suppliers... More>>