Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Concern at ICT investment decline

Concern at ICT investment decline

Concern at the continued reduction in investment by multi-national ICT companies in the domestic market was expressed by the outgoing President of the Information Technology Association of New Zealand (ITANZ), Mr Nick Lambert, in his annual report.

“There is no shortage of local software and systems developers with world-class innovative solutions, but without the partnership opportunities offered by multi-nationals, many of these opportunities will never make it through development to distribution.

“Multi-nationals need to be encouraged to invest more in R&D in the domestic ICT market. However, global companies will inevitably hold back from further commitment, especially during times of recession, unless given more incentive than simply ‘access’ to a market that is tiny by their standards. There is no such thing as an even playing field.

“A healthy mix of local innovators and multi-nationals is needed to promote growth. This trend, if it continues, will be harmful in the long term.”

Mr Lambert said that on a more positive note the Government’s recent endorsement of many of the suggestions from the ICT Taskforce Report would seem to indicate a growing recognition that ICT is a key driver of New Zealand’s prosperity.

“However, I am uneasy that the necessary changes in the regulatory environment have been slow to materialise, jeopardising our ability to reach the ambitious targets set before us. We cannot underestimate the significant challenge that lies ahead if we are to achieve the ambitious growth targets outlined by the task force.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>