18 Sep 2025
1 year ago
1170 views
Dr Shane Reti, the Science, Innovation, and Technology Minister, announced a $70 million investment in AI research to enhance New Zealand's AI capabilities, accelerate commercialization, and stimulate economic growth. The investment will be made over seven years through the New Zealand Institute for Advanced Technology to support innovative AI research, develop expertise, and boost competitiveness. Dr. Reti emphasized the importance of seizing opportunities in AI, citing successful collaborations that have shown potential for significant healthcare savings and revenue generation.
16 Sep 2025
1 year ago
1202 views
The Government is amending legislation to support New Zealand's offshore wind potential, aiming to boost economic growth and energy production. The Offshore Renewable Energy Bill is being revised to address concerns from offshore wind developers about coexisting with seabed mining activities. The amendments will create designated marine spaces for offshore wind projects, providing investment certainty while pausing new permits for seabed mining under the Crown Minerals Act.
16 Sep 2025
1 year ago
1500 views
An ambitious Aviation Action Plan with 25 key actions has been launched in New Zealand to ensure the growth and sustainability of the aviation sector, supporting trade, tourism, and economic development across the country. Led by Associate Transport Minister James Meager and the Interim Aviation Council in partnership with the government, the plan aims to address challenges such as embracing innovation, building a skilled workforce, and enhancing consumer rights and accessibility for disabled travelers. Key actions include promoting growth and innovation in emerging technologies, addressing workforce issues, utilizing RNZAF Base Ohakea as an alternative runway, and supporting regional routes through loans and investments.
16 Sep 2025
1 year ago
1207 views
The Government is updating the Commerce Act after nearly 20 years to enhance protection for the public and provide more certainty for businesses, focusing on promoting competition, innovation, and fair markets. Key changes include preventing unfair tactics, clearer merger rules, strengthening the Commerce Commission, and facilitating beneficial collaborations among businesses. The amendments aim to ensure the Commerce Commission is more effective, separate governance and regulatory functions, and give the Commission stronger tools to assess mergers and competition concerns, ultimately promoting fairer markets and consumer choice.
16 Sep 2025
1 year ago
1378 views
Immigration Minister Erica Stanford is leading a delegation to the United States to promote New Zealand's Active Investor Plus visa, which has attracted over $1 billion in proposed investments since April 1, with US investors showing the most interest. The trip aims to engage with potential investors interested in New Zealand's business opportunities and economic growth, highlighting the country's appeal as a safe and pro-business environment. Minister Stanford will visit New York, Los Angeles, and San Francisco for events organized by Invest NZ, emphasizing the importance of attracting investment to support economic development and create opportunities for New Zealanders.
11 Aug 2025
1 year ago
1622 views
The Government will invest $3.35 million in Whanganui Airport to build a new sealed parallel taxiway, enhancing safety and regional connectivity. This investment aims to address safety concerns by reducing the risk of collisions and aircraft congestion, making flying safer for pilots and passengers. The taxpayer-funded project, supported by local MP Carl Bates, will improve resilience, support economic growth, and benefit the region's aviation industry and community.
31 Jul 2025
1 year ago
1965 views
The $17.5 million investment in sustainable tourism aims to boost regional economies by supporting jobs and incomes at popular natural attractions in New Zealand. The funding will improve visitor planning and management at key sites like Aoraki Mount Cook National Park and Milford Sound, ensuring the conservation areas continue to attract tourists with stunning nature. Additionally, investments in Great Walks and DOC campsites will enhance service and management, contributing to the country's economic growth driven by tourism expenditure of $44.4 billion and over 300,000 jobs.
27 Jul 2025
1 year ago
1812 views
Starting tomorrow, New Zealand will see increased accessibility of various building products such as plasterboard, cladding systems, external doors, and windows, aiming to boost the construction industry and lower building costs. The government, led by Building and Construction Minister Chris Penk, is focused on driving economic growth, creating jobs, and improving wages through initiatives like allowing quality overseas building products into the market. These changes are part of a broader effort to introduce competition, reduce costly monopolies, and streamline the use of international building standards, with the Building Product Specifications document being a key resource for this transition.
21 Jul 2025
1 year ago
2011 views
New data released by Stats NZ today shows inflation at 2.7 per cent for the 12 months to the June 2025 quarter, remaining within the Reserve Bank's target range, according to Finance Minister Nicola Willis. This marks the fourth consecutive quarter of inflation being within the target range, contrasting with previous higher rates under the previous government. Local authority rates and payments were noted as the largest contributor to annual inflation, prompting the government to call for better management to keep rates under control and ensure economic growth for job creation and public services funding.
08 Jul 2025
1 year ago
3618 views
Science, Innovation and Technology Minister Dr Shane Reti has launched New Zealand’s first AI Strategy to boost productivity and grow a competitive economy. “AI could add $76 billion to our GDP by 2038, but we’re falling behind other small, advanced economies on AI-readiness and many businesses are still not planning for the technology,” says Dr Reti. “We must develop stronger Kiwi AI capabilities to drive economic growth, and this Strategy sends a strong signal that New Zealand supports the uptake of AI.
08 Jul 2025
1 year ago
2011 views
A targeted effort to reduce the backlog of applications for use of conservation land is accelerating economic growth without compromising conservation values, says Conservation Minister Tama Potaka. “Over the years, decision makers at the Department of Conservation – Te Papa Atawhai became wrapped and trapped in a sticky ball of red tape unnecessarily slowing the success of tourism operators, researchers, major infrastructure project developers, among many others. “The department is doing a great job delivering on my expectation to crack on with the mahi.