06 Aug 2025
1 year ago
1638 views
Finance Minister Nicola Willis has acknowledged the latest labour market data, revealing a lower-than-expected unemployment rate of 5.2% for the June quarter, below the Treasury's forecast of 5.4%. Despite challenges like inflation and rising interest rates, the government's efforts have led to 8,000 fewer unemployed individuals than initially projected, with a focus on economic recovery and job creation through initiatives like government-funded construction projects and investment incentives. Additionally, there has been a notable increase in average hourly earnings by 4.5% in the past year, surpassing the inflation rate of 2.7%.
23 Jul 2025
1 year ago
2004 views
New Zealand's Parliament has passed legislation under urgency to regulate ground-based space infrastructure, enhancing national security and protecting against foreign interference, according to Space Minister Judith Collins. The Outer Space High Altitude Activities Amendment Bill aims to ensure the safe and responsible use of space, with oversight and safeguards for satellite operations starting from 29 July. Operators will need to meet security requirements and undergo due diligence to obtain authorisation, with enforcement powers in place to address any national security concerns.
09 Jul 2025
1 year ago
2289 views
The Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.
24 Jun 2025
1 year ago
3353 views
Associate Finance Minister David Seymour welcomes the passing of first reading for a Bill to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has passed its first reading in Parliament today. “New Zealand has been turning away opportunities for growth for too long.
18 Jun 2025
1 year ago
2180 views
Associate Finance Minister David Seymour welcomes the introduction of legislation to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has been introduced to the House. “New Zealand has been turning away opportunities for growth for too long.