Articles tagged with Investment
Boosting New Zealand's Gas Supply: $200M Fund Expansion for Energy Security
4 days ago | 51 viewsThe Coalition Government has expanded the Gas Security Fund to attract investments that will increase New Zealand's gas supply in the short-, medium-, and long-term to address energy security challenges. The fund will support various projects, including drilling in existing fields, exploration, and storage initiatives, aiming to stabilize supply and manage seasonal demand. The initiative aims to mitigate perceptions of risk in the petroleum sector and promote regional procurement, with investment decisions made jointly by the Ministers for Resources and Finance.
Tags: Shane Jones Chris Bishop gas supply investment fund energy security petroleum sector gas exploration gas storage energy affordability New ZealandNew Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
1 week ago | 133 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructurePrime Minister Luxon Secures Major Investments in Renewable Energy and Tourism from Malaysia
1 week ago | 103 viewsPrime Minister Christopher Luxon announced significant investments in renewable energy infrastructure and tourism during his visit to Malaysia. Yinson Renewables plans to invest in New Zealand's renewable energy projects totaling around 1GW, with support from Invest New Zealand. Additionally, YTL Corporation Berhad acquired Hotel Indigo in Auckland for $160m, signaling confidence in New Zealand's tourism sector and receiving approvals from the Overseas Investment Office. Luxon also engaged in high-level talks on Indo-Pacific issues, established a Comprehensive Strategic Partnership with ASEAN, and signed a halal arrangement with Malaysia to boost exports before heading to the Republic of Korea for APEC.
Tags: Christopher Luxon Yinson Renewables Invest New Zealand YTL Corporation Berhad YTL Hotels Overseas Investment Office Malaysia East Asia Summit ASEAN.EU and New Zealand Strengthen Bilateral Trade Ties in Inaugural Meeting
2 weeks ago | 114 viewsEuropean Union Trade Commissioner Maroš Šefčovič and New Zealand's Trade and Investment Minister Todd McClay adopted a joint declaration to enhance bilateral trade and reduce costs during the NZ-EU Trade Committee meeting in Queenstown. They emphasized the importance of deepening the trade relationship, addressing non-tariff barriers, and showcasing Kiwi exporters at the NZ-EU Business Summit. The discussions also touched on the EU's Deforestation Regulation, with plans to collaborate on reducing costs and ensuring fair access for exporters under the trade agreement.
Tags: Maroš Šefčovič Todd McClay European Union New Zealand trade investment bilateral trade technology innovation FTAEU Trade Commissioner Maroš Šefčovič Visits NZ for Business Summit and Trade Committee Meeting
2 weeks ago | 158 viewsEuropean Union Trade Commissioner Maroš Šefčovič will visit New Zealand for the European Union-New Zealand Business Summit and first NZ-EU Trade Committee meeting, marking the first visit by an EU Trade Commissioner since 2018. The summit in Auckland will involve over 400 businesses and representatives from various sectors, aiming to boost trade and investment opportunities. The meeting will focus on maximizing the benefits of the Free Trade Agreement to enhance trade, investment, and partnership between New Zealand and the European Union.
Tags: Maroš Šefčovič Todd McClay European Union New Zealand Trade Commissioner Trade Committee Business Summit Free Trade Agreement Trade InvestmentNew Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
2 weeks ago | 167 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 BillUnlocking Investment and Collaboration in New Zealand's Natural Resources: Minister Shane Jones at International Conferences
3 weeks ago | 151 viewsResources Minister Shane Jones is prioritizing investment and collaboration in New Zealand's natural resources at upcoming international mining and geothermal conferences. He will address the growing interest in the country's mineral sector and highlight the policy framework supporting its growth. Mr Jones aims to rebuild international investor confidence, promote geothermal energy exploration, and seek global collaboration to maximize New Zealand's geothermal potential.
Tags: Shane Jones New Zealand investment collaboration mining geothermal resources International Mining and Resources Conference supercritical geothermal energy Indigenous Geothermal SymposiumGovernment Invests $8M in Lower Methane Dairy Genetics Research at State-of-the-Art Facility
3 weeks ago | 144 viewsThe Government has invested $8 million in lower methane dairy genetics research at a new state-of-the-art methane research facility in the Waikato, according to Agriculture Minister Todd McClay. Livestock Improvement Corporation's 'Methane Barn' will allow for monitoring and measuring methane from dairy cows to help farmers select lower-emitting genetics without affecting productivity. The Government and industry aim to develop methane-cutting tools with investments totaling over $400 million, ensuring farmers can reduce on-farm emissions without compromising production or jobs.
Tags: Government Agriculture Minister Todd McClay methane research livestock improvement genetics methane emissions mitigation tools climate obligations investmentsAndrew Wilson Joins Board of Guardians of NZ Super Fund
3 weeks ago | 140 viewsAndrew Wilson, a former investment banker with extensive experience in global markets, has been appointed to the Board of the Guardians of New Zealand Superannuation, overseeing the $85 billion Superannuation Fund. Prior to this role, Wilson held key positions at institutions like the Reserve Bank of New Zealand, Bank of England, and Goldman Sachs Asset Management. Acting Finance Minister Chris Bishop highlighted Wilson's valuable expertise in investment management and global markets, emphasizing his potential to make a significant impact on the Guardians' work. Wilson's official appointment to the Board is scheduled to commence on 20 October.
Tags: Andrew Wilson Chris Bishop Investment banker Guardians of New Zealand Superannuation Reserve Bank of New Zealand Bank of England Rothschild Asset Management Goldman Sachs Asset Management Fixed Income Currency & Money MarketsNew Zealand-Singapore Trade Boosted by Strategic Food Partnership and Essential Supplies Agreement
1 month ago | 152 viewsNew Zealand and Singapore have strengthened their trade relationship through the launch of a Strategic Food Partnership and the Agreement on Trade in Essential Supplies, announced by Minister Todd McClay. The Strategic Food Partnership aims to enhance agrifood trade, facilitate the movement of high-quality food, and promote investment and innovation in the primary and food production sectors. The Agreement on Trade in Essential Supplies ensures the continuous flow of goods like food and fuel during crises, with a crisis-response arrangement to prevent export curbs and support supply chain resilience.
Tags: New Zealand Singapore Strategic Food Partnership Agreement on Trade in Essential Supplies Todd McClay agrifood trade investment research innovation primary productionNew Zealand-Singapore Comprehensive Strategic Partnership Launched for Economic Growth and Security
1 month ago | 155 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 incomesAccelerated Overseas Investment Decisions Boost New Zealand Business Growth and Job Creation
1 month ago | 173 viewsAssociate Finance Minister David Seymour highlights the importance of faster overseas investment decisions for businesses to access capital and create jobs with higher wages. Changes to the Overseas Investment Act have led to significant improvements in processing times, with almost 87% of consent applications processed faster than before. The government aims to streamline the process further to attract more investment, boost economic growth, and support job creation in New Zealand.
Tags: David Seymour LINZ Overseas Investment Act New Zealanders Minister Capital Investment Processing times National Interest Test RegulationsFinance Minister Hails OCR Cut, Easing Pressure on Kiwi Households and Businesses
1 month ago | 151 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's Minister Chris Penk to Represent Small Business at G20 Trade Meeting in South Africa
1 month ago | 146 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 TradeGovernment Ensures Capital Support for Vital Electricity Infrastructure Investments in New Zealand
1 month ago | 215 viewsThe Government assures power companies it will provide capital for critical electricity infrastructure investments to ensure energy security and competitiveness. Measures include supporting equity injections for strategic projects and addressing gaps in the energy system to lower consumer prices. The Energy Package focuses on security of supply through LNG import facilities and building better markets by incentivizing new energy projects and strengthening regulatory bodies.
Tags: Government power companies investment electricity infrastructure Nicola Willis Crown MOM companies energy security Simon Watts New Zealand