Articles tagged with Growth
NZ Government Proposes Digital Food Labels to Boost New Supermarkets Entry
2 days ago | 62 viewsThe New Zealand Government is proposing a trial of digital food labelling for lower-risk imported goods to reduce costly re-labelling requirements for new supermarkets entering the market. This initiative aims to provide allergen, ingredient, and nutrition information via QR codes and digital platforms while ensuring compliance with food safety regulations. Public consultation on the trial is open until December 19, 2025, with the goal of enhancing market entry flexibility and supporting trans-Tasman digital labelling efforts.
Tags: Nicola Willis Andrew Hoggard New Zealand Food Act digital labels supermarkets food labelling food safety economic growthPrime Minister’s Space Prizes 2025: Dawn Aerospace CEO & Student Honored
3 days ago | 78 viewsStefan Powell, co-founder and CEO of Dawn Aerospace, and Southland student Sophie Ineson are the 2025 recipients of the Prime Minister’s Space Prizes, recognized for their innovation and contributions to New Zealand’s growing space industry. The space sector has seen significant growth, with revenue increasing 53% to $2.68 billion and supporting 17,000 skilled jobs, highlighting its economic importance and potential. Both winners will receive financial awards to support their work and education, underscoring New Zealand’s commitment to fostering talent and leadership in the global space industry.
Tags: Stefan Powell Sophie Ineson Dawn Aerospace Prime Minister’s Space Prizes Christopher Luxon Megan Whelan Collins New Zealand space industry space exploration advanced aviation sector space sector growthNew Zealand's Medicines Advertising Ban Lifted, Boosting Economic Growth
1 week ago | 86 viewsThe Medicines Amendment Bill in New Zealand has lifted the prohibition on advertising medicines at medical conferences and trade shows, signaling the country's readiness for business, according to Regulation Minister David Seymour and Health Minister Simeon Brown. This change is expected to inject cash into local economies through the Red Tape Tipline and provide Kiwis with increased access to needed medicines. The move is projected to generate $90 million in revenue over the next few years, attracting major medical conferences to New Zealand and fostering economic activity.
Tags: Medicines Amendment Bill New Zealand advertising medical conferences trade shows Regulation Minister David Seymour Health Minister Simeon Brown Red Tape Tipline pharmaceutical companies economic growthCostco's Expansion Plans Bring Economic Boost to New Zealand Shoppers
1 week ago | 97 viewsUS supermarket giant Costco is planning to open a second store in South Auckland, welcomed by Economic Growth Minister Nicola Willis. The Government is facilitating quick approvals for new supermarkets through legislation and working closely with Costco for efficient consenting processes. Kiwi Property has agreed to sell land for the new Costco store, expected to boost the economy, create jobs, and enhance competition for shoppers.
Tags: Nicola Willis Costco New Zealand South Auckland Kiwi shoppers Economic Growth Minister Kiwi Property Drury Auckland’s economy construction jobsChristchurch City Council Achieves Housing Growth Target, Withdraws Plan Change 14: Minister
1 week ago | 94 viewsThe Christchurch City Council has achieved its Housing Growth Target, allowing it to withdraw part of Plan Change 14, which aimed to update planning rules to facilitate more housing. The Council demonstrated sufficient feasible housing capacity for at least 30 years, exceeding statutory requirements. Ministerial decisions are pending on heritage sites and a special character area, with a focus on removing planning barriers to increase housing supply in the fast-growing city of Christchurch.
Tags: Christchurch City Council Housing Growth Target Plan Change 14 RMA Reform Minister Chris Bishop Medium Density Residential Standards National Policy Statement on Urban Development Urbanomics Sense Partners Te Kaha stadiumNew Zealand Enhances Screen Production Rebate to Boost Global Competitiveness
2 weeks ago | 130 viewsThe Government of New Zealand is updating the International Screen Production Rebate to enhance the country's competitiveness in the global film and television industry, responding to industry feedback and increasing incentives to attract screen investment. Changes include lowering the minimum qualifying spend for feature films, reducing thresholds for incentives, expanding eligibility for post-production projects, and removing caps on certain costs. These updates aim to diversify the screen economy, strengthen partnerships in growing markets, and support the local industry while attracting new investment and technology.
Tags: Government International Screen Production Rebate New Zealand Nicola Willis film television streaming productions economic growth incentives global competitionEden Park Planning Restrictions Costing Millions: Public Feedback Invited for Proposed Changes
2 weeks ago | 143 viewsThe Government released an investigative report revealing that Eden Park's planning restrictions may be causing significant economic losses and job reductions, prompting calls for public feedback on proposed changes. The report highlights how current rules are hindering Eden Park's ability to contribute to Auckland's economic growth by imposing strict limits on events and activities. Recommendations include expanding event uses, increasing concert allowances, and implementing noise standards, with a public consultation process underway until November 19, 2025 to gather feedback for potential rule changes aimed at boosting local jobs and economic growth.
Tags: Eden Park planning restrictions lost revenue RMA Reform Minister Chris Bishop economic growth local planning rules public feedback events tourism sectors consultation.Fast-track Approvals Amendment Bill Boosts Grocery Competition for Kiwi Shoppers
2 weeks ago | 143 viewsThe Government has introduced the Fast-track Approvals Amendment Bill to create a fast-track consent option for new supermarkets, aiming to improve grocery competition and provide better prices and choices for consumers. The Bill streamlines the approval process by allowing new supermarket developments to bypass standard resource consent processes and be referred to a fast-track expert panel for quicker decisions. The amendments aim to enhance the efficiency of the Fast-track Approvals Act, with technical changes to cut project application processing times and reduce processing and consideration times by an estimated six weeks or more.
Tags: Government Nicola Willis Economic Growth Minister Chris Bishop RMA Reform Shane Jones Regional Development Minister supermarket grocery competitionNew Zealand Biosecurity Laws Strengthened to Safeguard Economy
3 weeks ago | 158 viewsBiosecurity Minister Andrew Hoggard highlights the importance of strengthening New Zealand's biosecurity laws to protect against invasive pests and diseases, supporting economic growth in the food and fibre sector, which contributes significantly to the country's GDP. The proposed changes aim to enhance biosecurity defenses, with penalties for failing to declare risk goods at the border, improved management of pests and diseases, and more efficient import rules to support trade while maintaining high biosecurity standards. The Minister emphasizes the need to prevent incursions to safeguard New Zealand's competitive advantage in the global food and fibre export industry, with a draft bill reflecting these changes expected to progress through Parliament in the near future.
Tags: Andrew Hoggard Biosecurity Minister New Zealand biosecurity laws invasive pests economic growth food and fibre sector GDP pests and diseases export industryNew Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
1 month ago | 197 viewsCommerce and Consumer Affairs Minister Scott Simpson announces changes to support business growth and capital markets in New Zealand. The Government is adjusting climate reporting regulations to reduce costs and encourage listings on the NZX. Changes include raising the reporting threshold, adjusting liability settings, and excluding managed investment schemes. These adjustments aim to ensure robust reporting, maintain market competitiveness, and provide clearer information on investments for KiwiSaver and managed funds.
Tags: Government business growth capital markets climate reporting compliance costs Scott Simpson market capitalisation climate disclosures KiwiSaver investment Financial Markets Conduct Amendment BillRolleston Access Improvements Driving Jobs & Growth | Canterbury Transport Project
1 month ago | 153 viewsTransport Minister Chris Bishop highlights that the Rolleston Access Improvements project on State Highway 1 will boost jobs and economic growth in the rapidly expanding Canterbury region. The project aims to enhance transport connections for residents and businesses in the Selwyn district, a key area for growth and access to Christchurch. The government's $7 billion infrastructure investment includes this project, with the first stage focusing on constructing a new roundabout, pedestrian and cycle subway, and various road upgrades to improve safety and efficiency, with completion expected by the end of 2026.
Tags: Rolleston Transport Minister Chris Bishop Canterbury infrastructure projects road improvements economic growth construction NZTA Fulton Hogan State Highway 1.Unlocking Capital: Government to Sell Chorus Securities for Infrastructure Investment
1 month ago | 175 viewsThe Government is considering selling its investment in Chorus to free up capital for more beneficial projects in New Zealand, following the completion of the Ultra-Fast Broadband initiative in 2022. Minister of Finance Nicola Willis highlights the need to redirect the capital into investments that will benefit New Zealanders, with Infrastructure Minister Chris Bishop aiming to expedite the sale to private investors by early 2026 to allocate the proceeds towards hospitals, schools, and roads in Budget 2026. NIFFCo will conduct due diligence on the securities, evaluate market interest, and provide recommendations on the optimal sales process, with a decision on the sale expected by the end of 2025 to ensure value-for-money expectations are met.
Tags: Government Chorus NIFFCo Nicola Willis Chris Bishop Treasury fiscal strategy economic growth New ZealandersNew Zealand Boosts Local Businesses with Procurement Rule Changes
1 month ago | 230 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 companiesFinance Minister Hails OCR Cut, Easing Pressure on Kiwi Households and Businesses
1 month ago | 184 viewsFinance Minister Nicola Willis highlights the positive impact of the 50 basis point Official Cash Rate reduction on Kiwi households and businesses, easing financial pressure. The reduction in OCR will lead to lower interest rates for mortgage-holders and businesses, stimulating growth and investment. The Government's focus on responsible economic management, along with lower interest rates, aims to support recovery and drive policies for job and income growth to benefit all New Zealanders.
Tags: Official Cash Rate Kiwi households Finance Minister Nicola Willis monetary policy interest rates growth jobs investment inflationNew Zealand Government's Growth-Focused Plan for Q4: Boosting Opportunities and Cutting Red Tape
1 month ago | 157 viewsPrime Minister Christopher Luxon highlights the Government's focus on growth and pragmatic solutions in its upcoming work programme. The Q4 plan aims to streamline construction processes, facilitate finance for social housing projects, promote competition in key sectors, and support innovative projects to boost job opportunities and incomes. Progress on the Q3 plan shows 26 out of 28 actions completed, with the remaining two, including regulations for open banking and the Crimes Amendment Bill, in progress.
Tags: Government Growth Pragmatic solutions New Zealand Prime Minister Christopher Luxon Construction Social housing developments Competition Urban growth