Articles tagged with Market
New Zealand Tourism Minister Leads Trade Mission to Strengthen China Relations
6 days ago | 129 viewsTourism and Hospitality Minister Louise Upston will lead an industry delegation on a tourism-focused trade mission to China, visiting Shanghai, Guangzhou, and Beijing to meet with Chinese airlines, e-commerce platforms, and tourism professionals. The mission aims to promote New Zealand's tourism sector, understand the Chinese market, and strengthen the relationship with China as it is New Zealand's third largest tourism market. Efforts include facilitating Chinese visitors' entry to New Zealand and fostering economic growth through tourism, friendship connections, and trade relationships.
Tags: Louise Upston China Tourism Hospitality Minister of Culture and Tourism New Zealand Trade mission Chinese market Aviation AccommodationGovernment Injects $50k for Nelson Tasman Tourism Recovery
1 week ago | 185 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 industryNew Zealand Government Initiates Breakthrough Measures to Boost Supermarket Competition
4 weeks ago | 278 viewsThe Government plans urgent legislative and policy changes to remove barriers for competitor supermarkets in New Zealand, aiming to boost competition and offer better deals for consumers. These changes include fast-track approvals for new supermarkets, streamlining building consent processes, and amending regulations to combat predatory pricing. The initiative aims to encourage new domestic competitors and potential international retailers like Costco to expand in New Zealand, with further considerations on potentially restructuring major supermarket players Foodstuffs and Woolworths to enhance market competition.
Tags: Government supermarkets New Zealand legislative changes Nicola Willis competition Kiwi shoppers zoning regulations grocery sectorEnergy Minister Hails New Rule to Boost Competition and Lower Power Prices
1 month ago | 214 viewsEnergy Minister Simon Watts welcomes a new rule by the Electricity Authority to boost retail competition among smaller power companies, aiming to lower power prices for struggling Kiwis. The rule will prevent large power companies from cross-subsidizing themselves and offering discounts, creating a level playing field for all competitors. These changes, developed under the Energy Competition Task Force, aim to encourage investment in new generation and improve economic outcomes, with further improvements to be consulted on later this year.
Tags: Simon Watts Electricity Authority Kiwis Government Energy Minister Power companies Competition Electricity market Consumers Energy pricesFinance Minister Nicola Willis Reacts to Lower Than Forecast Unemployment Rates
1 month ago | 330 viewsFinance Minister Nicola Willis has acknowledged the latest labour market data, revealing a lower-than-expected unemployment rate of 5.2% for the June quarter, below the Treasury's forecast of 5.4%. Despite challenges like inflation and rising interest rates, the government's efforts have led to 8,000 fewer unemployed individuals than initially projected, with a focus on economic recovery and job creation through initiatives like government-funded construction projects and investment incentives. Additionally, there has been a notable increase in average hourly earnings by 4.5% in the past year, surpassing the inflation rate of 2.7%.
Tags: labour market unemployment Finance Minister Nicola Willis Stats NZ Treasury forecast economic management inflation interest rates job creationKiwibank Empowered to Challenge Big Four Aussie Banks with $500M Capital Boost
1 month ago | 471 viewsKiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
Tags: Kiwibank Nicola Willis Finance Minister Commerce Commission New Zealand Kiwi Group Capital Māori institutions New Zealand KiwiSaver funds stock marketBoosting Trade: New Zealand and Malaysia Strengthen Halal Meat Partnership
2 months ago | 647 viewsNew Zealand and Malaysia aim to enhance trade in high-quality halal meat products, with Malaysia being a key market for New Zealand's premium halal meat exports. Malaysia is facilitating approvals for New Zealand halal meat premises to gain access to its market, potentially leading to significant growth in exports and benefiting Kiwi farmers and exporters. Both countries are collaborating to streamline export requirements for New Zealand halal meat, emphasizing the importance of compliance with halal standards and strengthening their relationship in halal processing and assurance systems.
Tags: New Zealand Malaysia Andrew Hoggard Dato’ Seri Dr. Ahmad Zahid bin Haji Hamidi Halal meat Trade Export Collaboration Market ComplianceKiwi Electricity Bill Savings Boosted by New Energy Market Changes
2 months ago | 591 viewsThe Electricity Authority announced changes aimed at reducing electricity bills for Kiwi households and businesses, with a focus on fair pricing for rooftop solar and battery exports and introducing time of use plans. The government is also working on a review of the electricity sector to ensure fair prices and address energy shortages. These changes are expected to incentivize uptake of solar and battery systems, reduce power prices over the long term, and enable small-scale systems to meet peak demand.
Tags: Kiwi households businesses electricity bills Energy Minister Simon Watts Associate Energy Minister Shane Jones solar electricity generation power bills electricity sector electricity marketExploring Toll Concessions for New Zealand's Road Infrastructure Development
2 months ago | 1093 viewsMarket soundings with international and local toll road investors, operators and financiers will begin next week as the next step in exploring how toll concessions could help fund, build and operate important road infrastructure, Infrastructure and Transport Minister Chris Bishop says. “The Government is focused on improving high-quality road infrastructure to boost economic growth and ensure people and freight can travel efficiently and safely. To accelerate the delivery of vital transport projects, we’re looking into alternative funding and financing methods, including the use of toll concessions.
Tags: toll concessions road infrastructure Chris Bishop toll roads private sector involvement market sounding infrastructure funding toll collection transport projects