Business & Markets

177 tonnes of plastic no longer imported to NZ

More than 177 tonnes of virgin plastic will no longer be imported into New Zealand each year, with Countdown moving dozens of its bakery and delicatessen items to locally sourced recycled PET (rPET) packaging. Flight Plastics Ltd, which is New Zealand...... Read More

Fonterra denies food safety issue for Chinese partner

Dairy giant Fonterra insists a new controversy involving partner company Beingmate is not an issue of food safety. The problem stemmed from a mismatch between the labelling and the content of a container of infant formula manufactured by the Chinese...... Read More

NZ marks milestone with EU trade negotiations

New Zealand and the European Union have formally launched negotiations for a trade agreement. The EU Commissioner for Trade Cecilia Malmström said today was an important milestone in EU-New Zealand relations. She said the negotiations...... Read More

Creating more tourist opportunities

More of rural Southland is being shown off to tourists, thanks to the establishment of a new booking and information centre in Kingston. The booking and information centre has been set up by Laura Douglas, owner of Real Country, a business that takes...... Read More

Should NZ ditch public holidays? David Seymour thinks so.

Should New Zealand do away with public holidays and just let Kiwis decide when to have a break? That's what ACT Party leader David Seymour is pitching, saying the government should not be telling people when they have to take their holidays. New...... Read More

Imports push current deficit to 9-year high

New Zealand’s seasonally adjusted current account deficit for the March 2018 quarter was $3 billion, Stats NZ said today. This was the largest current account deficit since the 2008 global financial crisis and was due to a drop in exports and...... Read More

Soaring premiums could lead to under-insuring of homes

Homeowners are being warned not to run the risk of under-insuring their homes in a bid to avoid paying for rising premiums. Risk-prone parts of the country, such as Wellington, are starting to feel the effects of higher rates. Karori woman Ursula...... Read More

Government relaxes rules on foreign buyer ban

The government's overseas buyers' ban on New Zealand homes has been softened, with some multi-storey apartment buildings now being exempted. New Zealand officials and minister have also been negotiating with Singapore as the ban contravenes agreements...... Read More

Cap gains would cut house prices, increase ownership - study

House prices would fall, rents would rise but home ownership would improve if a capital gains or some other type of property tax was brought in according to a new study. Westpac Bank has looked at six possible changes to the tax system, ranging from...... Read More