Articles tagged with Us

Showing 15 of 754 articles

NZ Economy Shows Resilience as Reserve Bank Raises Official Cash Rate to 2.75%

Finance Minister Nicola Willis welcomed the Reserve Bank’s assessment that the economic recovery is resuming and expected to broaden, highlighted by a 0.25 basis point increase in the Official Cash Rate to 2.75 percent. The Reserve Bank anticipates a strengthening recovery driven by a resilient export sector, increased household spending, and rising purchasing power as inflation moves toward the target range. Willis emphasized the economy’s resilience amid global challenges and noted that this recovery is export-led rather than reliant on rising house prices, offering a positive outlook despite ongoing difficulties.

Trans-Tasman Trade and Tourism Ministers Meet to Boost NZ-Australia Partnership

Trade and Investment Minister Todd McClay will host Australian Trade and Tourism Minister Don Farrell in Auckland for the annual Closer Economic Relations Trade Ministers meeting and discussions with trans-Tasman businesses to strengthen economic ties. In 2025, two-way trade between New Zealand and Australia reached $35 billion, with Australia being New Zealand's largest export destination and international visitor market. The visit will also include talks on tourism growth, Māori tourism, and regional economic development to enhance collaboration between the two countries.

Trans-Tasman Trade and Tourism Ministers Meet to Strengthen NZ-Australia Partnership

Trade and Investment Minister Todd McClay will host Australian Trade and Tourism Minister Don Farrell in Auckland for the annual Closer Economic Relations Trade Ministers meeting and discussions with trans-Tasman businesses to strengthen the partnership. Their 2025 two-way trade reached $35 billion, with Australia as New Zealand’s largest export destination and visitor market, highlighting the importance of maintaining strong economic and tourism links. Minister Farrell will also meet with Tourism Minister Louise Upston and participate in a Bay of Islands program focused on Māori tourism and regional economic development.

US Commits $60M to Support Pacific Energy Crisis Amid Global Challenges

Foreign Minister Winston Peters welcomed the US decision to provide $60 million in energy support to the Pacific, addressing budget shortfalls caused by the global energy crisis. The Pacific Islands Forum and partners like New Zealand, Australia, Japan, the World Bank, and the Asian Development Bank have been actively working to help Pacific nations manage fuel dependency and price shocks. New Zealand’s development program focuses on boosting economic and energy resilience by promoting renewable energy and energy efficiency in the region.

US Commits $60M to Support Pacific Energy Amid Global Crisis, Says Winston Peters

Foreign Minister Winston Peters welcomed the United States' decision to provide US$60 million in energy support to the Pacific, addressing budget shortfalls caused by the global energy crisis. The Pacific Islands Forum and partners like New Zealand, Australia, Japan, the World Bank, and the Asian Development Bank have been collaborating to help Pacific Island countries manage fuel dependency and price shocks. New Zealand’s development program focuses on enhancing economic and energy resilience through renewable energy and improved efficiency to reduce reliance on imported fuels.

Government to Demolish Derelict MIT Buildings in Ōtara for Housing Redevelopment

Deteriorating and asbestos-riddled buildings on two former Manukau Institute of Technology sites in Ōtara, covering over eight hectares of Crown land, will be demolished to enable future housing redevelopment. The Government acquired these sites in 2019 through the Land for Housing Programme and is seeking zoning changes to repurpose the land from education to housing use. Preparations including project management appointments and contractor procurement will take about six months, followed by approximately 15 months for demolition and site remediation, with community updates planned throughout the process.

Demolition of Derelict MIT Buildings in Ōtara to Unlock Housing Development

Deteriorating and asbestos-riddled buildings at two former Manukau Institute of Technology sites in Ōtara, covering over 8 hectares of Crown land, will be demolished to address safety concerns and enable future housing development. The government acquired these sites in 2019 through the Land for Housing Programme and is seeking to rezone them from education to housing uses, with demolition and site remediation expected to take about 21 months. Preparatory work, including appointing project management and securing consents, will take around six months, with demolition contracts to be tendered through LINZ to ensure experienced contractors and competitive pricing.

New Zealand Strengthens Serious Fraud Office Powers to Combat Rising Fraud

New legislation granting the Serious Fraud Office (SFO) enhanced powers to combat fraud has passed its final reading in Parliament, addressing challenges in obtaining digital evidence and managing investigations. The Bill allows the SFO to obtain all necessary electronic evidence, apply for search warrants orally, and control search sites to prevent interference, while also updating evidence admissibility rules. This aims to strengthen law enforcement’s ability to tackle increasing and complex fraud cases, protecting New Zealanders from significant financial losses and white-collar crime.

New Zealand Empowers Serious Fraud Office with Stronger Legal Powers to Fight Fraud

New legislation granting the Serious Fraud Office (SFO) enhanced powers has passed Parliament to better combat the growing and complex issue of fraud in New Zealand, which causes significant financial losses and harm. The new law allows the SFO to obtain digital evidence more efficiently, apply for search warrants orally, manage search sites independently, and clarifies evidence admissibility and police support during investigations. These changes aim to close legal gaps, reduce red tape, and strengthen law enforcement’s ability to protect New Zealanders from white-collar crime.

Government Seeks Feedback on Easier Local Animal Buying and Processing Rules

The Government is seeking public feedback on updating rules to make it easier to buy and process animals from local farmers, including relaxing the 28-day care requirement and potentially allowing wider sharing of homekill and hunted meat. Proposed changes include labeling homekill and hunted meat to indicate they haven't undergone standard retail checks, while maintaining provider requirements and the ban on selling such meat. The consultation aims to clarify vague rules, especially to enable hunters to donate meat to foodbanks, and runs until 5 October 2026.

NZ Cancels 2027 Fuel Excise Hike to Ease Cost of Living Pressure

The New Zealand Government has cancelled the planned fuel excise increase for 2027 to ease the cost of living pressures on Kiwis, postponing the next increase to January 2028 and spreading subsequent hikes over time for a fairer transition. Despite the freeze, rising transport project costs and the need to maintain infrastructure funding mean fuel tax increases will resume gradually from 2028, with the National Land Transport Fund being topped up to cover revenue shortfalls. This decision is supported by careful fiscal management, allowing the government to balance economic recovery, inflation control, and infrastructure investment while monitoring international uncertainties.

Government Funds $4.6M Hyperspectral Imaging to Boost NZ Apple Industry Profitability

The New Zealand Government is funding a $4.6 million research project, led by agritech company Hectre, to develop hyperspectral imaging technology that non-destructively assesses the internal quality of apples in packhouses. This innovation aims to improve detection of defects and fruit maturity in real-time, enhancing storage, packing, and export decisions to reduce waste and boost fruit quality. The project targets at least 80% detection accuracy by 2027 and seeks to strengthen the apple industry's productivity, export performance, and global competitiveness.

New Zealand and China Strengthen Climate Cooperation in Seventh Dialogue

New Zealand’s Climate Change Minister Simon Watts hosted China’s Minister Huang Runqiu for the Seventh Ministerial Climate Change Dialogue, emphasizing the longstanding cooperation between the two countries on climate action. The dialogue focused on strengthening collaboration in areas like agricultural methane emissions and sustainable finance, with Minister Huang gaining insights into New Zealand’s climate innovation and biodiversity conservation. This engagement builds on the 2014 New Zealand-China Arrangement on Climate Change Cooperation, recently updated during Prime Minister Christopher Luxon’s 2025 visit to China.

New Zealand’s Final AML Reform Bill Introduces Targeted Anti-Money Laundering Measures

The New Zealand Government is introducing the AML/CFT (Omnibus) Amendment Bill, marking the most significant reform of anti-money laundering laws since 2009, aiming to reduce unnecessary compliance burdens on ordinary citizens and businesses by focusing on actual risks. The Bill enhances tools to address suspicious activities, including temporary freezing of high-risk transactions, and introduces powers to regulate cash payments in remittance services and virtual assets, with planned consultations to ensure practical implementation. These reforms complete a broader overhaul that simplifies customer verification, centralizes regulation under the Department of Internal Affairs, and promotes proportionate, risk-based regulation to safeguard against money laundering and terrorist financing.

Tourism 2050 Strategy Unveiled to Boost New Zealand’s Future Tourism Growth

Tourism and Hospitality Minister Louise Upston has welcomed Tourism Industry Aotearoa's Tourism 2050 strategy, highlighting its role in guiding the future of tourism amid upcoming challenges and opportunities. She emphasized the strategy’s alignment with the Government's Tourism Policy Statement, which aims for sustainable growth benefiting visitors, communities, and the economy. Upston expressed support for ongoing collaboration between the government, industry, and communities to ensure the tourism sector's long-term success through innovation and balanced development.