Category: business
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NZ Annual Enterprise Survey Shows Income Increase
New Zealand's annual enterprise survey (AES) reveals a $51 billion (5.5 percent) increase in total income, reaching $980 billion for the 2024 financial year. Total expenditure also rose by $26 billion (3.1 percent) to $857 billion. Businesses saw a $16…
BusinessEconomyFinancial MarketsAustralasia Annual Enterprise SurveyFinancial StatisticsFinancial PerformanceIncomeExpenditureStatistics New Zealand
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New Zealand's Equal Pay Amendment Bill Sparks Protests
New Zealand's Equal Pay Amendment Bill, revising the process for pay equity claims, was enacted on May 5, 2025, sparking nationwide protests. The bill, introduced and passed by Parliament under urgency procedures, has faced criticism for its potential impact on…
Politics and GovernmentBusinessSocial IssuesLegalEmployment and Labor Equal Pay ActEqual Pay Amendment BillBrooke van VeldenChristopher LuxonPublic Service AssociationLabour PartyU.S. Library of Congress
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Media Monitor: RNZ Reports Death of Māori MP, Drug Bust, Museum Closure
Radio New Zealand is reporting that Māori MP Takutai Tarsh Kemp has died at the age of 50. Te Pāti Māori said in a statement that it was "heartbroken" by her passing. RNZ said Kemp was at Parliament on Wednesday…
Politics and GovernmentBusinessWorldSportGeneral PoliticsTradeLaw EnforcementLegal Takutai Tarsh KempTe Pāti MāoriAuckland AirportDrug BustAuckland War Memorial MuseumNew Zealand RugbyReferee AbuseRNZ News
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Filcare Services Loses Financial Advice Provider Licence
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has cancelled Filcare Services Limited’s (Filcare) Financial Advice Provider licence, at its request. The company provided financial advice to approximately 1,800 retail clients, many of whom were migrant workers…
BusinessLegalFinancial Markets Financial Markets AuthorityFilcare Services LimitedFinancial Advice Provider licenceHelena LewisFinancial Services Complaints LimitedFinanceNZ Financial Markets Authority
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Napier City Council Adopts 2025/26 Annual Plan Following Public Consultation
The Napier City Council has adopted its 2025/26 Annual Plan, incorporating feedback from residents. The plan outlines budgets and activities for the upcoming year, including keeping the Napier Library open until its relocation in 2027. Napier Mayor Kirsten Wise emphasized…
Politics and GovernmentBusinessState GovernmentsEconomy Napier City CouncilAnnual PlanNapier LibraryKirsten WiseRatesHawke's BayGovernment Funding
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Wellington City Archives Prepares for Major Relocation
Wellington City Archives is in the process of relocating its collection of over 800,000 items from its current Barker Street location to two new city centre homes: Te Matapihi ki te Ao Nui, Wellington’s central library, and the new Wellington…
Politics and GovernmentBusinessEducationAustralasiaSocial IssuesDigital and Print Publishing
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FMA Releases Financial Conduct Report, Outlining Key Priorities for the Year Ahead
The Financial Markets Authority (FMA) has released its Financial Conduct Report, outlining key priorities for the financial sector in the coming year. This annual report aims to provide transparency and clarity to banks, insurers, investment managers, capital markets, and financial…
BusinessPolitics and GovernmentFinancial MarketsEconomyBankingLegal Financial Markets AuthorityFinancial Conduct ReportSamantha Barrassfinancial regulationinvestmentfraudfintechNZ Financial Markets Authority
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New Zealand's Goods Exports Rise by 9.7% in May 2025
New Zealand's goods exports experienced a significant increase in May 2025, according to the latest overseas merchandise trade statistics. Compared to May 2024, exports rose by $676 million (9.7 percent), reaching $7.7 billion. Conversely, goods imports saw a decrease of…
BusinessTradeEconomyAustralasia exportsimportstrade balanceoverseas merchandise tradestatisticsGovernment StatisticianStatistics New Zealand
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NZ Labour Force Growth to Slow, Ageing Workforce Projected
New Zealand's labour force is projected to grow, but at a slower pace in the long term, according to national labour force projections. The projections, which cover the period from 2024 to 2078, also indicate an ageing labour force, reflecting…
BusinessPolitics and GovernmentAustralasiaEconomyEmployment and LaborGovernment labour forceprojectionsageing workforceemploymentHousehold Labour Force SurveyGovernment StatisticianStatistics New Zealand
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Rechargeable Dehumidifier (Set of 2) Recalled Due to Fire and Injury Risk
A recall has been issued for the Rechargeable Dehumidifier (Set of 2) sold at Innovations Direct between 13 October 2024 and 3 June 2025 [PO No. IN0064449]. The dehumidifier may overheat and short circuit, posing a risk of fire or…
BusinessScience & TechnologyAustralasiaProduct RecallHome and lifestyle productsLegal
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Media Monitor: One News reports Trump announces Iran-Israel ceasefire
One News is reporting that U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel. One News reports that neither Iran, nor Israel, has confirmed the agreement.
Politics and GovernmentWorldMiddle EastBusinessLaw EnforcementSocial IssuesScience & TechnologyMediaEconomy One NewsDonald TrumpceasefireIranIsraelagreementpoliticsOne News NZ
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Media Monitor: ACC Faces $50M in Abuse Claims After Ruling
Radio New Zealand is reporting that a Court of Appeal ruling has cost ACC $50 million so far. The 2023 TN vs ACC ruling allowed more childhood sexual abuse survivors to receive financial compensation. ACC estimated the ruling, along with…
Politics and GovernmentHealthBusinessWorldSportMusicSocial IssuesMiddle EastEuropeEconomyLegal ACCCourt of AppealTN vs ACCHelen GregoryJulia DeLuneyIsrael-Iran conflictRNZ News
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Terry Copeland Steps Down as Federated Farmers CEO
Federated Farmers CEO Terry Copeland is stepping down at the end of this month after seven years in the role. Federated Farmers national president Wayne Langford praised Copeland's leadership during crises such as the Mycoplasma Bovis incursion, COVID-19, droughts, fires,…
Politics and GovernmentBusinessAgriculture Terry CopelandFederated FarmersWayne LangfordPrimary Industries NZ Summit and AwardsMycoplasma BovisAppointments
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Alcohol Licence Applications Open for Objections in Wellington
Wellington City Council has released public notices for recent alcohol license applications. Pho Viet Street Food at 88 Riddiford Street, Newtown, has an application period starting June 16, 2025, and closing July 22, 2025, at 11.59 PM. Supra Restaurant, located…
Politics and GovernmentLegalBusinessAustralasiaState Governments
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Media Monitor: RNZ reports on parking prices, Luxon's China visit, and more
RNZ is reporting on several stories this morning. A researcher in New Zealand is examining car parking prices, inspired by similar research conducted in Australia. Christopher Luxon's first official trip to China is facing challenges, according to an analysis by…
BusinessPolitics and GovernmentWeatherSocial IssuesAustraliaTradeLaw EnforcementGeneral Weather parking pricesChristopher LuxonChinaPoriruaBriscoesMāori baby namesAucklandRNZ News
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Media Monitor: Consumer NZ Names Top Electric and Hybrid Cars for 2025
Consumer NZ is reporting its experts have compiled a buying guide and test results to compare the best electric and hybrid cars of 2025. It said the guide makes it easy to find vehicles that are affordable to run and…
BusinessScience & TechnologyAustralasiaEconomyEnvironmentTransportation
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Supercheap Auto Recalls ToolPRO Engine Stand Due to Welding Defect
Supercheap Auto has issued a recall for the ToolPRO 570KG Engine Stand due to defective welding that may cause the support column to collapse. Sold between February 19, 2025, and May 20, 2025, at Supercheap Auto, the affected batch numbers…
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ACT to Host James Lindsay, Ease Melatonin Access, Revise Work Rules
ACT is set to host Dr. James Lindsay at its 2025 rally, aiming to foster discussions on significant ideas and common sense in politics. The party also announced that adults will soon be able to purchase melatonin over the counter…
Politics and GovernmentHealthBusinessEducationLaw EnforcementLegal ACT PartyJames LindsayMelatoninEmployment LawEarly Childhood EducationDavid SeymourBrooke van VeldenACT Party NZ
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Media Monitor: NZ pauses funding to Cook Islands after China dealings
One News is reporting that New Zealand has paused nearly $20 million in funding to the Cook Islands. A spokesperson for Foreign Minister Winston Peters said the developmental funding would not continue “until the Cook Islands Government takes concrete steps…
WorldPolitics and GovernmentBusinessWeatherChinaMiddle EastFederal GovernmentTradeLaw EnforcementTransportation Cook IslandsWinston PetersMark BrownChristopher LuxonFundingOne News NZ
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CAA Announces New Director and Outlines Key Aviation Updates
The Civil Aviation Authority (CAA) has announced Kane Patena as the next Director of Civil Aviation and Chief Executive, effective September 1, 2025. This announcement was made as part of a regular briefing from the CAA to the aviation industry,…
Politics and GovernmentBusinessScience & TechnologyWorldTransportationEducationAustralasiaGeneral PoliticsFederal GovernmentEconomyTradeLegalAviationSecurity
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New Zealand GDP Rises 0.8 Percent in March 2025 Quarter
New Zealand's gross domestic product (GDP) saw a 0.8 percent increase in the March 2025 quarter, according to figures released today by Stats NZ. This follows a 0.5 percent increase in the December 2024 quarter. Activity in the March 2025…
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZKatrina DewberyEconomic GrowthManufacturingBusiness ServicesStatistics New Zealand
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New Zealand's Current Account Deficit Narrows Slightly to $5.5 Billion
New Zealand's seasonally adjusted current account deficit saw a slight decrease of $53 million, settling at $5.5 billion in the March 2025 quarter, according to Stats NZ. The figures, released today, indicate a marginal shift in the nation's financial flows.…
BusinessTradeEconomyAustralasia current account deficitStats NZViki WardMarch 2025 quarterFinancial performanceEconomicsStatistics New Zealand
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NZX Receives Positive Regulatory Report from FMA
The NZX has received a positive regulatory report from the Financial Markets Authority (FMA), which found it met its obligations and is pursuing further enhancements. The annual NZX Market Operator Obligations Review, released today, assessed NZX's adherence to its market…
BusinessPolitics and GovernmentAustralasiaFinancial MarketsEconomyLegal
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New Zealand to Modernize Data System with New Census Approach and Monthly CPI
Sweeping changes to New Zealand's data system have been announced by Minister of Statistics Hon Dr Shane Reti, promising a more modern and future-focused approach to producing economic and population statistics. Stats NZ will move towards an admin-data-first census and…
Politics and GovernmentBusinessAustralasiaEconomyFederal GovernmentTradeEducation data systemShane RetiMary CraigcensusCPIstatisticsStatistics New Zealand
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Children's Clothing Recalled Due to Fire Safety Hazards
Several children's clothing items have been recalled due to fire safety concerns. H&M is recalling children’s poncho towels with ties, sold between September 2023 and May 2025, and children’s hooded dressing gowns, sold between May 2023 and May 2025. The…
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Media Monitor: Firefighters Battle Auckland Supermarket Blaze
Radio New Zealand is reporting that dozens of fire crews are battling a blaze at a central Auckland supermarket. It said the fire at the New World supermarket in Freemans Bay broke out around 11 a.m. Tuesday. All customers and…
Politics and GovernmentHealthBusinessWeatherWorldSportGeneral PoliticsFederal GovernmentEconomyMedical ScienceDisastersEmployment and LaborMiddle East Radio New ZealandAucklandNew World supermarketFreemans BayHealth NZElliot CameronFrances Anne PhelpsRNZ News
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Media Monitor: Auckland Supermarket Fire, RNZ Redundancies, Food Price Increase
Media Monitor: 1 News is reporting that a fire at an Auckland supermarket is still not under control, and firefighters are expected to remain at the scene overnight. Fire and Emergency NZ said crews were alerted to the fire at…
WorldPolitics and GovernmentBusinessMiddle EastEconomyGeneral PoliticsFinancial MarketsTradeReal Estate AucklandSupermarket FireRNZRedundanciesFood PricesStats NZNew World Victoria ParkOne News NZ
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Federated Farmers Call for Rejection of 'Ute Tax 2.0'
Federated Farmers is urging Revenue Minister Simon Watts to dismiss proposed changes to the Fringe Benefit Tax (FBT) concerning utes, vehicles widely used by farmers in New Zealand. According to Federated Farmers, these changes could impose thousands of dollars in…
Politics and GovernmentBusinessAgricultureEconomyFederal GovernmentTrade Federated FarmersSimon WattsFringe Benefit TaxFBTUte TaxTaxationFarm
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New Zealand Housing Density Increases, Affordability Still a Challenge
A report released today by Stats NZ reveals shifts in New Zealand's housing landscape, marked by increased density and a rise in multi-unit homes. While home ownership has improved, affordability remains a significant hurdle for many. The report, titled *Housing…
BusinessPolitics and GovernmentAustralasiaEconomyReal EstateSocial Issues HousingAotearoaHome OwnershipHousing AffordabilityStats NZStatistics New Zealand
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New Zealand Food Prices Increase 4.4 Percent Annually
Food prices in New Zealand have risen 4.4 percent in the year to May 2025, according to Stats NZ. This follows a 3.7 percent increase in the year to April 2025. The rise was driven by higher prices for the…
BusinessEconomyTradeAgriculture Food PricesStats NZInflationGrocery FoodMeatNicola GrowdenStatistics New Zealand