Articles tagged with Business
New Zealand-Singapore Comprehensive Strategic Partnership Launched for Economic Growth and Security
8 hours ago | 35 viewsPrime Minister Christopher Luxon and Singaporean Prime Minister Lawrence Wong launched the New Zealand-Singapore Comprehensive Strategic Partnership (CSP) in Auckland, emphasizing the importance of collaboration between small states to maintain open trade, enhance security, and uphold the rules-based order. The CSP aims to support businesses, boost investments, and facilitate the expansion of New Zealand firms into Asia, ultimately leading to increased job opportunities and higher incomes for Kiwis. The partnership will address various challenges together, including supply chain resilience, digital trade, climate change, and maritime security, with a focus on enhancing cooperation in six key areas: Trade and Economics, Defence and Security, Science and Innovation, People-to-People links, Climate and Green Economy, and Supply Chains and Connectivity.
Tags: Prime Minister Christopher Luxon Singaporean Prime Minister Lawrence Wong trade security business investment jobs incomesNew Zealand Boosts Local Businesses with Procurement Rule Changes
1 day ago | 44 viewsChanges to government procurement rules in New Zealand aim to give local businesses a better chance at winning contracts by introducing an economic benefit test, effective from 1 December. These new rules, resulting from feedback received during consultation, include simplifying processes, reducing the number of rules, and emphasizing the economic value and job creation for Kiwis. The changes are designed to make it easier for both local and international businesses to compete for government contracts while upholding international trade commitments and ensuring responsible use of taxpayer money.
Tags: New Zealand Government contracts Economic Growth Minister Nicola Willis procurement rules businesses economic benefit test Kiwi businesses taxpayer money international companiesNew Zealand's Minister Chris Penk to Represent Small Business at G20 Trade Meeting in South Africa
3 days ago | 35 viewsSmall Business and Manufacturing Minister Chris Penk is representing New Zealand at the G20 Trade and Investment Ministerial Meeting in South Africa, aiming to advance the country's interests with major global economies. New Zealand, as a guest country alongside G20 members, will discuss trade and investment matters, including upholding the international rules-based trading system. During the meeting, Mr Penk will focus on advocating for New Zealand's priorities within the World Trade Organisation while also strengthening the relationship between New Zealand and South Africa.
Tags: Chris Penk Small Business Manufacturing Minister New Zealand G20 Trade Investment South Africa WTO International TradeNew Zealand Approves WaterMark Certification for Over 90,000 Building Products
3 days ago | 49 viewsNew Zealand has expanded access to over 90,000 overseas building products following a law change, with the WaterMark certification scheme now recognized as an endorsed standard. This change aims to make it easier for Kiwi tradies and homeowners to choose from a wide range of plumbing products, boosting competition and lowering costs. By amending the Building Act, the Government has streamlined the approval process for quality overseas building products, ensuring compliance with the Building Code and providing greater choice for building owners and designers.
Tags: Chris Penk WaterMark New Zealand Building Act Ministry of Business Innovation and Employment Building Code MBIE Building Consent Authorities Building Product Specifications overseas building productsNew Skilled Migrant Residence Pathways to Boost Kiwi Businesses
2 weeks ago | 263 viewsThe New Zealand Government is introducing two new skilled migrant residence pathways to help businesses attract and retain the workforce they need. These pathways include the Skilled Work Experience pathway for migrants with at least five years of relevant work experience and the Trades and Technician pathway for migrants with specified qualifications and work experience. The government aims to balance attracting higher-skilled workers with managing migration levels responsibly, prioritizing New Zealanders for jobs, and ensuring that skilled and experienced migrants are placed in occupations where they are most needed.
Tags: Kiwi businesses Government Nicola Willis skilled migrant residence pathways Economic Growth Minister Immigration Minister Erica Stanford skilled workers New Zealanders immigration solutionsFinance Minister Appoints Hayley Gourley to Reserve Bank's Monetary Policy Committee
3 weeks ago | 149 viewsFinance Minister Nicola Willis appointed Hayley Gourley to the Reserve Bank’s Monetary Policy Committee (MPC), responsible for setting the Official Cash Rate (OCR) in New Zealand. Gourley's diverse experience in corporate, rural, and financial sectors will enhance the Committee's discussions, following the recommendation of the Reserve Bank's Board. She will succeed Professor Bob Buckle on 1 October 2025, who will retire at the end of September after making significant contributions to the MPC.
Tags: Finance Minister Nicola Willis Hayley Gourley Reserve Bank Monetary Policy Committee Official Cash Rate OCR New Zealand agribusinesses Professor Bob BuckleGlobal Uncertainty Impacts Economy: Minister Willis on Latest Stats NZ Data
3 weeks ago | 158 viewsFinance Minister Nicola Willis highlighted the impact of global uncertainty on consumers and businesses based on released economic data. Stats NZ reported a 0.9% decline in real Gross Domestic Product in the second quarter following an initial increase. Willis attributed this downturn to international turmoil and tariffs affecting investment decisions. Looking ahead, there are positive signs of economic recovery, with lower interest rates, increased mortgage lending, and a forecasted strengthening of economic growth as tariff-related uncertainty diminishes.
Tags: Economic data global uncertainty consumers businesses Finance Minister Nicola Willis Gross Domestic Product tariffs investment decisions interest ratesNew Zealand and Saudi Arabia Establish Business Council to Boost Trade and Investment
3 weeks ago | 119 viewsMinister for Trade and Investment Todd McClay and Saudi Minister of Investment H. E. Dr Majid bin Abdullah Al-Kassabi signed a joint statement establishing the New Zealand–Saudi Arabia Business Council to enhance trade and investment between the two countries. Saudi Arabia, a top 20 export market for New Zealand with a significant economy, presents lucrative opportunities, especially with the upcoming free trade agreement with the Gulf Cooperation Council. The Business Council aims to support exporters, raise awareness of opportunities, strengthen relationships, and contribute to the government's goal of doubling exports in 10 years, ultimately creating more jobs and economic growth for New Zealand.
Tags: Minister for Trade and Investment Todd McClay Saudi Minister of Investment New Zealand–Saudi Arabia Business Council Saudi Arabia trade investment free trade agreement Gulf Cooperation Council exportersCommerce Minister Scott Simpson Strengthens NZ Partnerships in London
3 weeks ago | 116 viewsCommerce and Consumer Affairs Minister Scott Simpson is traveling to London to enhance New Zealand's partnerships in insurance, emergency preparedness, and business competition. He aims to showcase New Zealand's leadership in resilience and disaster recovery and strengthen ties with global partners facing similar challenges. The Minister's itinerary includes meetings with key industry players, a briefing at the New Zealand High Commission, and participation in events highlighting the New Zealand-UK relationship, such as the Battle of Britain Service and the Women's Rugby World Cup semi-final.
Tags: Scott Simpson London New Zealand Insurance Emergency preparedness Business competition Resilience Disaster recovery Aon Lloyd's of LondonNew Zealand Trade Mission to Riyadh: Strengthening Ties with Saudi Arabia
3 weeks ago | 242 viewsMinister Todd McClay will lead a delegation of 21 New Zealand businesses to Riyadh to enhance trade ties with Saudi Arabia, aiming to tap into the country's significant economic potential outlined in its Vision 2030 strategy. The mission will spotlight New Zealand's strengths in food, agriculture, technology, and creative sectors, aligning with the government's goal to double export value in a decade and support Saudi Arabia's development objectives. With Saudi Arabia already a key export market for New Zealand, bilateral trade has seen substantial growth, reaching $1.58 billion, showcasing the mutual benefits of the partnership.
Tags: Todd McClay Trade Investment Agriculture New Zealand Saudi Arabia Business Delegation Export Food Security DevelopmentCommunity Partnership Boosts Local Economy with New Accommodation in Buller
4 weeks ago | 231 viewsRegional Development Minister Shane Jones praised the collaborative effort between Buller District Council, Development West Coast, and Endura in building 10 new units at Reefton Campground using local labor and businesses. The project aims to enhance accommodation options for both locals and tourists. The initiative not only provided employment for 50 local workers but also boosted the local economy, with Endura leasing the units initially for its staff before repurposing them for visitor accommodation.
Tags: Shane Jones Buller accommodation local labour local procurement local businesses Reefton Campground Development West Coast Endura tourism industryGovernment Invests $1.6M to Repair Tasman's Great Taste Cycle Trail, Boosting Tourism and Local Economy
4 weeks ago | 135 viewsThe Government is investing $1.6 million to repair and reopen Tasman’s Great Taste Cycle Trail, damaged by recent storms, aiming to boost tourism and support local businesses. The funding will address flood and wind damage by repairing sections, replacing infrastructure, and creating alternative routes. Reopening the trail will benefit the Nelson-Tasman region, reconnect communities, and provide opportunities for locals and visitors to enjoy the outdoors.
Tags: Government investment repair trail funding tourism Louise Upston weather communities businessesGovernment Injects $50k for Nelson Tasman Tourism Recovery
4 weeks ago | 233 viewsThe Government is providing $50k to Nelson Tasman for domestic tourism marketing to support local businesses impacted by severe weather events, according to Tourism and Hospitality Minister Louise Upston. Nearly 70% of tourism and hospitality businesses in the region have suffered revenue losses due to cancellations and a drop in visitors. The funding will be used for a domestic marketing campaign to promote tourism in Nelson Tasman, emphasizing its importance for the local economy and encouraging visitors to explore the region.
Tags: Government Nelson Tasman domestic tourism marketing local businesses severe weather events Tourism and Hospitality Minister Louise Upston funding tourism industryBreaking Ground: New Zealand's First Supercritical Geothermal Exploration at Rotokawa Reservoir
1 month ago | 199 viewsThe Rotokawa Geothermal Reservoir in New Zealand's Taupō Volcanic Zone has been chosen for the country's first supercritical geothermal exploration, with plans to develop multiple wells for enhanced power output. The site selection followed thorough geological studies and risk assessments, with a focus on involving the local community and cultural considerations. A Memorandum of Understanding has been signed between stakeholders to explore the potential of supercritical geothermal energy, with a multi-disciplinary team working on regulatory approvals, design, and drilling for the project's success.
Tags: Shane Jones Rotokawa Geothermal Reservoir New Zealand geothermal energy Tauhara North No. 2 Trust Earth Sciences New Zealand supercritical geothermal exploration Regional Development Minister Mercury NZ Ministry of Business.NZTA Awards Contract for SH29 Tauriko West Road Phase 1 Construction
1 month ago | 212 viewsThe NZ Transport Agency has awarded a $42 million contract to HEB Construction Limited to begin construction on the Ōmanawa Bridge replacement in October, as part of the State Highway 29 Tauriko West project. This project aims to enhance safety, resilience, and freight efficiency along SH29, a crucial corridor in the Auckland-Hamilton-Tauranga triangle, with a total of $7 billion already allocated for Government-funded projects nationwide. Future phases of the project will involve route protection and consenting for a new four-lane SH29, supporting growth in Tauranga and the Western Bay of Plenty with improved travel times and reduced accidents.
Tags: NZ Transport Agency SH29 Tauriko West Road Ōmanawa Bridge Transport Minister Chris Bishop HEB Construction Limited Port of Tauranga Redwood Interchange Takitimu North Link interchange Tauriko Business Estate.