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Friday 08th July, 2016
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The Reserve Bank is urging the Government to review its immigration policy in a bid to stem rising house prices.
The call comes just days after Prime Minister John Key told the central bank to ''get on with it'' and introduce new restrictions on property investors.
But Deputy Governor Grant Spencer says there are inherent risks with too much investor involvement in the property market.
Spencer says the government needs to recognise that the large inflow of migrants over the last three years has significantly boosted housing demand.
Friday 08th July, 2016
Regions are continuing to benefit from the tourism sector's focus on attracting more visitors outside peak periods.
The latest Monthly Regional Tourism Estimates show most regions experienced growth in tourism expenditure over the past year.
Otago is the fastest growing region, with an increase of 10% totalling $3.2b.
The Government has committed an additional $45m over the next four years to assist the sector in attracting visitors outside peak seasons.
Friday 08th July, 2016
Snapshots of Maori health in 20 District Health Board regions have been released in Maori for the first time.
The profiles have been researched and compiled by a Wellington-based University of Otago group.
Lead researcher Bridget Robson says it's important that the people most affected have the statistics in their own language.
She hopes it will assist te reo speakers to engage with Maori health data and advocate for the issues affecting their communities.
Thursday 07th July, 2016
Proposed changes to simplify end of year processes for taxpayers are being welcomed by Revenue Minister Michael Woodhouse.
Today's release of an Inland Revenue discussion document is the sixth in a series of public consultation papers.
It seeks to improve the administration of tax on income earned from investments, allowing earners to meet their end of year tax obligations with less documentation.
Woodhouse says it's more efficient for Inland Revenue to collect that information direct from taxpayers and use it to pre-populate their records.
Wednesday 06th July, 2016
Nearly 80% of KiwiSaver members are reading their annual statements, but less than a quarter are checking whether they're on track for retirement.
Research by investment watchdog the Financial Markets Authority has found males over 60 are more likely to read their statements, while females in their 20s were less likely to.
For those who didn't read the statement the biggest barriers were that it was too complicated or they weren't interested in it.
The research surveyed 2000 people between May and June, with more than 1300 being KiwiSaver members.
Tuesday 05th July, 2016
The country's dairy and seafood exports are propping up the economy while forestry remains largely unchanged.
Overall goods exports rose 3.7% last month, up $179m.
Seafood prices led the growth, gaining over 8%, buoyed by an increase in the price of hoki and squid.
The meat and aluminium sectors also fared well with increases of around 2% respectively.
Monday 04th July, 2016
Air New Zealand has added three new weekly direct flights between Auckland and Dunedin.
Increased demand is credited with the change as well as more customers wanting to connect with international destinations.
The scheduled changes will give Auckland customers over 10 hours on the ground in Dunedin, while giving Dunedin customers nearly six hours in Auckland.
An additional 35,000 seats annually will also be added to the Wellington to Dunedin route later this year.
Wednesday 29th June, 2016
New statistics on Maori businesses are providing an insight into the economic strength of more than 1000 Maori authorities.
Maori assets grew 15.5% in 2014 to reach $15b.
It's the second reported year of asset growth with an increase of $1.6b the year before.
The main contributor to the growth was assets such as goodwill, trademarks, shares and long-term bonds and loans.
Tuesday 28th June, 2016
The wealthiest 10% of Kiwis now hold close to 60% of all wealth in New Zealand.
Data released by Statistics New Zealand shows that in the past five years that figure has risen by more than 4%.
In contrast, the bottom 40% of New Zealanders only hold around 3% of the country's total wealth.
However the wealth pattern for the top percentage of households in New Zealand is consistent with the OECD average for countries with readily available data.
Monday 27th June, 2016
The ramifications of Britain's exit from the European Union is creating a lot of uncertainty for New Zealand markets.
However, Trade Minister Todd McClay has assured exporters New Zealand's economic relationship with the UK and Europe will remain the same for the foreseeable future.
He's currently seeking meetings with fellow trade ministers from both the UK and Europe.
The New Zealand dollar fell to a 10 day low against the greenback after the British public's vote, stoking uncertainty in financial markets.