Category: business
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Taxpayers' Union Slams Budget 2025 as a 'Fudge'
The New Zealand Taxpayers’ Union has criticized Budget 2025, calling it a disappointment. Taxpayers’ Union Spokesman Jordan Williams stated, "Nicola Willis has failed," suggesting the budget resembled one that could have been delivered by Grant Robertson. Williams claims Willis promised…
Politics and GovernmentBusinessEconomy New Zealand Taxpayers’ UnionBudget 2025Nicola WillisGrant RobertsonOBEGALGDPGovernment Spending
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Budget 2025 Accused of Taking $12 Billion from Women
The Public Service Association Te Pūkenga Here Tikanga Mahi (PSA) has strongly criticised Budget 2025, claiming it takes over $12 billion from New Zealand women through pay inequity. PSA National Secretary Fleur Fitzsimons called it "a mean and heartless Budget…
Politics and GovernmentBusinessHealthEmployment and LaborEconomySocial Issues Budget 2025Public Service AssociationPSAFleur Fitzsimonspay equitywage theftgovernment spending
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Budget 2025 Prioritizes Savings for Investment and Growth, Says ACT Leader
ACT Leader David Seymour says Budget 2025 prioritizes saving to invest in essential services and bolster economic growth. Seymour stated that ACT's influence ensured the Budget's government growth is less than half the rate of inflation. He emphasized that wage…
Politics and GovernmentBusinessEconomyFederal Government Budget 2025David SeymourACTRegulatory Standards BillBrooke van VeldenEconomic GrowthGovernment
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Labour Leader Slams Budget as Detrimental to Women and Young People
Labour Leader Chris Hipkins criticizes the newly released budget, calling it a series of "wrong decisions" for New Zealanders. Hipkins accuses the government of prioritizing tax cuts over essential services and fair wages, particularly for women. According to Hipkins, the…
Politics and GovernmentBusinessSocial IssuesEconomyLabour PartyEmployment and LaborFinancial Markets Chris HipkinsNicola WillisChristopher LuxonKiwiSaverAusterityGovernment Spending
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NZ Budget 2025: New Housing Investment Approach
A new housing investment approach, outlined in Budget 2025, aims to deliver appropriate housing solutions to the right people, according to Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka. The plan includes a new Flexible Fund and increased…
Politics and GovernmentBusinessSocial IssuesAustralasiaEconomyState GovernmentsFinancial MarketsReal Estate HousingBudget 2025Chris BishopTama PotakaSocial HousingCommunity Housing
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NZ Budget 2025: Millions to Deliver New Social Homes
The New Zealand government is set to inject NZ$128 million over four years to deliver at least 550 new social homes in Auckland in the 2025/26 year, adding to the 1,500 new social homes funded through Budget 2024. Housing Minister…
Politics and GovernmentBusinessSocial IssuesAustralasiaEconomyState GovernmentsFinancial MarketsReal Estate Budget 2025social housingChris BishopTama PotakaAucklandhousing investment
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Budget 2025 Prioritizes Economic Growth, Says ACT Leader
ACT Leader David Seymour has lauded Budget 2025 as a victory for taxpayers, emphasizing its focus on economic growth through savings, investment, and reduced red tape. According to Seymour, the Budget increases by $1.3 billion this year, just under one…
Politics and GovernmentBusinessHealthEconomyEducationLegal Budget 2025David SeymourACTEconomic GrowthGovernment SpendingKiwiSaverHealthcare
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New Zealand Boosts Investment to Tackle Rising Tax Debt
The New Zealand government is set to increase its investment in pursuing tax evasion, according to Revenue Minister Simon Watts. The move comes in response to the country's rising tax debt, which reached $8.5 billion by the end of 2024.…
Politics and GovernmentBusinessEconomyFederal GovernmentFinancial MarketsLegal tax evasionSimon WattsBudget 2025Inland Revenuetax compliancetax debt
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Budget 2025: Rates Relief Extended to 66,000 More SuperGold Cardholders
Budget 2025 will extend rates relief to an additional 66,000 SuperGold cardholders, according to Local Government Minister Simon Watts and Seniors Minister Casey Costello. The government plans to introduce a new income abatement threshold from July 1 to assist SuperGold…
Politics and GovernmentBusinessSocial IssuesEconomyFederal GovernmentState Governments Budget 2025SuperGold CardRates Rebate SchemeSimon WattsCasey CostelloLocal GovernmentSeniors
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New Zealand Boosts Science and Innovation for Economic Growth
The New Zealand government is backing science and innovation to boost economic growth, according to Science, Innovation and Technology Minister Dr Shane Reti. Budget 2025 will reallocate existing funds towards growth-promoting investments in these sectors. The aim is to enable…
Science & TechnologyPolitics and GovernmentBusinessEconomyFederal GovernmentMedical ScienceEnvironmentAgriculture Shane RetiBudget 2025ScienceInnovationGene TechnologyEconomic Growth
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NZ Government Allocates $200M for Gas Field Investments
The coalition Government has earmarked $200 million over four years for co-investment in new gas fields, addressing New Zealand’s declining natural gas reserves. Resources Minister Shane Jones announced the tagged contingency, signaling a willingness for the Crown to take a…
Politics and GovernmentBusinessEnergy Shane Jonesnatural gasinvestmentenergy securitycoalition GovernmentPohokura
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New Zealand Launches Invest New Zealand to Attract Global Investment
The New Zealand government is establishing Invest New Zealand, a dedicated agency aimed at attracting global capital, businesses, and talent to bolster the nation’s high-value industries and drive economic growth. Trade and Investment Minister Todd McClay announced the initiative, backed…
Politics and GovernmentBusinessEconomy InvestmentTodd McClayInvest New ZealandRob MorrisonGovernmentEconomic Development
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New Zealand to Increase KiwiSaver Contributions in 2025
The New Zealand government plans to increase KiwiSaver contributions to encourage savings for first homes and retirement, according to Finance Minister Nicola Willis. The changes, part of Budget 2025, aim to make the scheme more fiscally sustainable. The default rate…
Politics and GovernmentBusinessEconomy KiwiSaverNicola WillisBudget 2025Retirement savingsGovernment contributionFinancial security
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New Zealand Launches 'Investment Boost' Tax Incentive
The New Zealand government has launched Investment Boost, a new tax incentive aimed at encouraging business investment and economic growth, according to Finance Minister Nicola Willis. The incentive allows businesses to immediately deduct 20 per cent of the cost of…
Politics and GovernmentBusinessEconomyFinancial MarketsTradeEmployment and LaborState Governments Nicola WillisInvestment Boosttax incentiveeconomic growthbusiness investmentGDP
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New Zealand Budget 2025 Aims to Secure Economic Recovery
Budget 2025 focuses on securing New Zealand's economic and fiscal recovery through various initiatives, according to Finance Minister Nicola Willis. The budget aims to boost growth, investment, and savings, while also targeting essential services and infrastructure. It also seeks to…
Politics and GovernmentHealthBusinessEconomyEducationLaw Enforcement Budget 2025Nicola WillisKiwiSaverInvestmentInfrastructureFiscal Policy
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Budget 2025 Aims to Grow Economy and Help Kiwis Get Ahead
Budget 2025 focuses on growing the economy to help New Zealanders get ahead, according to Prime Minister Christopher Luxon. The government's plan aims to boost jobs and manage the economy carefully. "The Government’s economic plan is working," Luxon stated, noting…
Politics and GovernmentBusinessEconomy Budget 2025Christopher LuxonEconomic GrowthKiwisInvestmentTax
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FMA Warns Against Investment Scheme Operated by Jesse Joseph Vaughan and Crypto Partners Limited
The Financial Markets Authority (FMA) has issued a public warning regarding a managed investment scheme (MIS) operated by Jesse Joseph Vaughan and Crypto Partners Limited (CPL). The FMA alleges that Mr. Vaughan, the sole director and shareholder of CPL, offered…
BusinessLegalFinancial Markets Financial Markets Authoritymanaged investment schemeJesse Joseph VaughanCrypto Partners LimitedinvestmentlicenseFinancial ServicesNZ Financial Markets Authority
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FMA Reviews Expiring Class Exemption Notices
The Financial Markets Authority (FMA) is seeking feedback on its review of 14 class exemption notices and three class designation notices that support the Financial Markets Conduct Act 2013 (FMC Act). These notices are set to expire between December 2025…
Politics and GovernmentBusinessAustralasiaFinancial MarketsEconomyLegal
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Media Monitor: RNZ reports on heckler's employer, hospital staff limits
Media Monitor: RNZ is reporting on several stories, including criticism of an employer who apologized after a man heckled Winston Peters. RNZ said Peters responded to the incident, where the man yelled "what a load of bollocks," by saying he…
Politics and GovernmentHealthBusinessSportEmployment and LaborFinancial MarketsMedical ScienceLegal Winston PetershecklingemploymentSouthland HospitalstaffMangerefull-contact collisionsRNZ News
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New Zealand's Trade Surplus Soars to $1.4 Billion in April 2025
New Zealand's merchandise trade surplus reached $1.4 billion in April 2025, a significant increase from the $12 million deficit in April 2024, according to Stats NZ. This marks one of only four monthly surpluses exceeding $1 billion for New Zealand,…
BusinessTradeEconomyAustralasia trade surplusStats NZViki Wardmerchandise tradedairy industryfruit industry
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New Zealand Scraps Digital Services Tax Bill
The Government has decided to discharge the Digital Services Tax Bill from the legislative programme, according to Revenue Minister Simon Watts. The Digital Services Tax Bill, introduced in 2023 by the previous Government, aimed to address taxation challenges posed by…
Politics and GovernmentBusinessEconomyTradeFederal Government Digital Services Tax BillSimon WattsOECDTaxationRevenueGovernment
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Media Monitor: RNZ reports on mental health system failure in double killing case
RNZ is reporting that the former partner of a man who committed two killings more than two decades apart says he should not have been released from a mental health facility five days before his second killing. She said there…
Politics and GovernmentHealthSportWorldBusinessGeneral PoliticsFederal GovernmentMedical ScienceEconomyLegal RNZMental Health ActTe Pati MaoriRun It StraightWinston PetersDonald TrumpRNZ News
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Wellington City Council Reviews 3700+ Public Submissions
Wellington City Council received over 3,700 submissions last month concerning water, insurance, investment, project spending, rates, fees, and other charges. The council emphasizes that while they strive to provide consistent email notifications, they are not liable for interruptions or delays…
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New Zealand Parliament Gears Up for Budget Debate and Policy Showdowns
New Zealand's Parliament is set for a busy week, with debates on the Privilege Committee’s report into Te Pāti Māori and the Regulatory Standards Bill. The Coalition Government will also present its second Budget, focusing on reduced spending to stimulate…
Politics and GovernmentBusinessEconomyGeneral Politics ParliamentBudgetACT PartyGreen PartyTe Pāti MāoriCoalition Government
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Media Monitor: Couple Conned Gov't Agency Out of Millions, RNZ Reports
RNZ is reporting that Neha Sharma, a property manager at Oranga Tamariki, and her husband defrauded the government agency of more than $2 million. It said Sharma's husband ran a construction company, Divine Connection, which was added to Oranga Tamariki's…
Politics and GovernmentBusinessWorldEntertainmentSportLaw EnforcementLegal RNZNeha SharmaOranga TamarikifraudDivine ConnectiongovernmentcrimeRNZ News
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Wellington Man Arrested in $450M Cryptocurrency Scam
A Wellington man was arrested in Auckland this morning by the Financial Crime Group as part of an FBI investigation into a cryptocurrency scam. The investigation targets an organised criminal group accused of stealing cryptocurrency valued at US$265M (NZD$450M) from…
Law EnforcementLegalWorldBusinessAsiaAustralasiaFinancial Markets
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UK-New Zealand Trade Hits Record £3.7 Billion
Trade between the UK and New Zealand reached a record £3.7 billion ($7.3 billion NZD) in 2024, according to a joint statement released following a meeting between the Minister for Trade and Investment of New Zealand and the Secretary of…
Politics and GovernmentBusinessTradeUnited Kingdom Free Trade AgreementTariffsInvestmentEconomyUK Government
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Media Monitor: RNZ Reports New Zealand Has Highest Child Suicide Rate Among Wealthy Nations
Radio New Zealand is reporting that a UNICEF study shows New Zealand has the highest child suicide rate among wealthy countries. The report, Innocenti Report Card 19, ranked New Zealand 32nd out of 36 countries for overall child wellbeing. RNZ…
WorldPolitics and GovernmentHealthBusinessSportMental HealthSocial IssuesEconomyLaw Enforcement RNZUNICEFsuicideJevon McSkimmingTe Pāti MāoriHawke's BayRNZ News
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Media Monitor: RNZ Reports on Police Deputy Commissioner Resignation, Teen's Death
Radio New Zealand is reporting that Police Deputy Commissioner Jevon McSkimming has resigned. RNZ said Police Minister Mark Mitchell confirmed McSkimming's resignation came with immediate effect on Monday, before he could be dismissed. RNZ said McSkimming had been on leave…
Politics and GovernmentLaw EnforcementSportHealthWorldBusinessMediaEntertainment
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Media Monitor: RNZ reports on self-care, Parliament, Mother's Day
RNZ is reporting that a solo recharge session can deliver temporary stress relief, but time spent voluntarily caring for other people's welfare helps build true resilience. It said that in Parliament, MPs were shouting in the House about pay equity…
BusinessPolitics and GovernmentHealthWeatherEconomyEmployment and LaborGeneral Politics