21 Jul 2026
3 months ago
660 views
Today’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
21 Jul 2026
3 months ago
713 views
The Ministry for Women’s BoardConnector database, which links women with governance opportunities, has more than doubled its growth target with over 349 new registrations, now totaling more than 1,140 members. The database supports women at various stages in their governance journey by providing access to information, development opportunities, and board vacancies, contributing to the government’s goal of 50 percent female representation in Crown appointments. Recent successful appointments from the database demonstrate its impact in promoting women’s leadership across public and private sector boards in New Zealand.
21 Jul 2026
3 months ago
648 views
New Zealand and the Philippines have formalized a Comprehensive Partnership to enhance cooperation across political, defense, trade, and people-to-people ties. This partnership, announced by Foreign Minister Winston Peters and Philippine Foreign Secretary Maria Theresa P. Lazaro, marks 60 years of diplomatic relations and aims to support a stable, rules-based Indo-Pacific region. Additionally, both countries signed new agreements on education and geothermal energy, with further discussions planned during Peters’ visit to ASEAN-related events in Manila.
21 Jul 2026
3 months ago
690 views
One year after launching A Minerals Strategy for New Zealand to 2040, the government has made significant progress by implementing policies and reforms that have increased mineral exports, production, employment, and permitting activity. Key achievements include establishing a Critical Minerals List, enhancing global partnerships, improving geoscience data access, and creating a more efficient regulatory framework, which have boosted investor confidence and sector growth. Moving forward, the focus will be on expanding international partnerships, attracting investment, reviewing royalty settings, and maximizing value from critical minerals through processing, refining, and innovation to sustain long-term economic benefits.
21 Jul 2026
3 months ago
692 views
The Research and Development Tax Incentive (RDTI) in New Zealand has supported over $10 billion in business R&D investment, demonstrating growing confidence and rapid uptake, especially among small businesses. An independent evaluation in 2025 showed the scheme generates significant economic benefits, with each dollar of support leading to an additional $1.40 invested in R&D, contributing to productivity, innovation, and high-value job creation. To further enhance its impact, the government plans to introduce in-year payments for tax credits in Budget 2026, aiming to improve cash flow and encourage more businesses to invest in R&D.
20 Jul 2026
3 months ago
783 views
Resource Management Reform Minister Chris Bishop and Parliamentary Under-Secretary Simon Court welcome the Planning Bill and Natural Environment Bill amendments that improve New Zealand's new planning system by enhancing workability while retaining its core design. The reforms aim to replace the Resource Management Act with a more efficient system that supports food production, housing, infrastructure, and renewable energy development, projecting significant economic benefits and reduced compliance costs. Key changes include refined iwi participation agreements, extended implementation timelines, strengthened safeguards on resource levies, and streamlined environmental regulations to balance economic growth with environmental protection.
20 Jul 2026
3 months ago
789 views
The New Zealand Government has agreed to provide up to $60 million to Golden Bay Cement (GBC) to maintain domestic cement manufacturing at its Whangarei plant and support at least $150 million in investments through 2040, ensuring economic resilience against global supply disruptions. This decision follows concerns that rising costs and emissions expenses threatened the closure of the country's only fully integrated cement facility, which is vital for essential infrastructure construction. The support is conditional, includes strict oversight, and aims to preserve strategic domestic capability without undermining the Emissions Trading Scheme or setting a broad precedent for taxpayer funding.
18 Jul 2026
3 months ago
746 views
Members of the Future of Investment and Trade (FIT) Partnership, including New Zealand, committed to practical initiatives to enhance trade by tackling non-tariff barriers, promoting digital trade, and strengthening economic resilience. The meeting resulted in declarations addressing NTBs, digital trade facilitation, economic security, and global subsidies, aiming to support fair competition and secure supply chains. Additionally, Korea, Peru, and Thailand joined the partnership, increasing membership to 19 and highlighting the group's growing influence.
18 Jul 2026
3 months ago
770 views
The Future of Investment and Trade (FIT) Partnership has expanded from 16 to 19 members with Korea, Peru, and Thailand joining, reflecting growing interest among small and medium-sized trading nations. The partnership focuses on creating simple, consistent trade rules to support exporters, strengthen trading positions, and foster economic growth amid global uncertainties. New Zealand, a founding member, hosted a significant Ministerial meeting in Auckland, emphasizing the importance of collaboration among like-minded economies to open doors in emerging markets and enhance trade opportunities.
18 Jul 2026
3 months ago
720 views
A landmark Agreement on Trade in Essential Supplies (AOTES) between New Zealand and Singapore, signed in May 2026, is now in force to strengthen supply chain resilience amid global conflicts. Under the agreement, Singapore guarantees fuel, medicines, and chemicals to New Zealand, while New Zealand guarantees food supplies to Singapore, ensuring stability for businesses and citizens. This world-first pact highlights the strong bilateral partnership and commitment to open, rules-based trade between the two nations.
17 Jul 2026
3 months ago
896 views
Foreign Minister Winston Peters will visit Manila next week to strengthen New Zealand's relationship with the Philippines and engage in regional meetings, marking the 60th anniversary of diplomatic ties. The visit aligns with New Zealand's Foreign Policy Reset focused on enhancing partnerships in Southeast Asia, particularly with ASEAN, a key trade and security partner. During the trip, Peters will conduct bilateral meetings, sign cooperation agreements, and participate in ASEAN, East Asia Summit, and ASEAN Regional Forum meetings involving major regional powers.
17 Jul 2026
3 months ago
701 views
New Zealand and Switzerland have agreed to establish a Trade and Investment Dialogue to enhance cooperation on trade, economic security, e-commerce, investment, and sustainability. This initiative follows discussions between their trade officials and aims to strengthen bilateral trade and collaboration within international forums amid global economic uncertainty. In the year ending December 2025, two-way trade totaled NZ$1.88 billion, with key exports and imports including services, meat, pharmaceuticals, and intellectual property, and the first official meeting is scheduled for September.
16 Jul 2026
3 months ago
724 views
John Rae has been reappointed Chair of the Crown Regional Holdings Limited Board for three more years due to his extensive legal, financial, and governance expertise. Crown Regional Holdings manages significant government investments aimed at supporting regional economic development across New Zealand, with a diverse portfolio spanning eight regional funds, 13 regions, and 19 industry sectors. As of the 2025 financial year, CRHL oversees 201 active contracts totaling $1,085 million in loans, equity, and capital assets, reflecting the government’s commitment to regional growth.
16 Jul 2026
3 months ago
760 views
A new mental health co-response team in Canterbury, combining mental health professionals and Police, has supported 35 people since May, showing positive early outcomes. This initiative addresses previous shortcomings where mental health distress calls received a criminal justice response, aiming to provide more appropriate and compassionate care. The model, proven effective in Wellington, reduces emergency department visits and police interventions, improving crisis support for those in mental distress.
16 Jul 2026
3 months ago
766 views
New Zealand has seen a year-on-year increase in the number of people moving off benefits into work, with 86,544 exits recorded in the year ending June 2026, reflecting positive job market trends despite economic challenges. The Ministry of Social Development supports jobseekers through initiatives like the Traffic Light System, Kōrero Mahi seminars, and partnerships with businesses such as Ventia and SkyCity to connect candidates with employment opportunities. These efforts aim to foster workforce development, reduce reliance on temporary labor, and promote economic independence for New Zealanders.