Articles tagged with Sector
Strong Q3 Economic Growth Boosts Confidence Ahead of Christmas, Says Finance Minister
1 day ago | 52 viewsFinance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.
Tags: economy growth Nicola Willis Finance Minister Stats NZ Treasury Reserve Bank manufacturing sector construction business services GDP per capitaReserve Bank Eases Capital Requirements to Boost NZ Bank Competition and Lending
2 days ago | 52 viewsFinance Minister Nicola Willis has welcomed the Reserve Bank’s decision to ease some capital requirements imposed on banks in 2019, including adjustments to risk weights. These changes aim to enhance competition, particularly benefiting smaller banks and increasing lending to key sectors like agriculture. The revised requirements maintain prudence while promoting a more balanced approach between risk management and fostering competition, with gradual implementation planned.
Tags: Nicola Willis Reserve Bank Finance Minister New Zealand banking sector capital requirements risk weights competition lending agriculture sectorNew Zealand Government Launches Digital Agency to Boost Efficiency and Cut IT Costs
3 days ago | 62 viewsThe New Zealand Government is modernising digital services by simplifying and coordinating IT systems through logical groupings of agencies sharing common platforms to reduce duplication and improve efficiency. A new Government Digital Delivery Agency will be established under the Public Service Commission to centralise digital investment and procurement, potentially saving $3.9 billion over five years. These reforms aim to make government services simpler, faster, and more cost-effective, supporting fiscal discipline, productivity, and sustainable economic growth.
Tags: Judith Collins New Zealand Government Digital Services Public Service Commission Government Digital Delivery Agency Government Chief Digital Officer IT Systems Digital Investment Public Sector Efficiency Technology SpendNational Wild Goat Hunting Competition Removes 10,349 Goats in NZ This Year
6 days ago | 102 viewsThe National Wild Goat Hunting Competition in New Zealand, now in its third year, has removed over 33,000 wild goats, helping protect native ecosystems through hunter-led conservation. The event, supported by the Department of Conservation, the New Zealand Deerstalkers Association, and sponsors, engaged 863 participants, including many youth, promoting conservation and encouraging outdoor activity. With strong backing from the hunting community and significant prizes, the competition has positively influenced hunter behavior and become a key annual event.
Tags: James Meager National Wild Goat Hunting Competition New Zealand Department of Conservation New Zealand Deerstalkers Association wild goats hunting community hunting sector conservation outcomes32 Graduate Veterinarians Start Rural Careers in New Zealand Through Govt Scheme
1 week ago | 103 viewsThirty-two graduate veterinarians will start their careers in rural New Zealand through the Government’s Voluntary Bonding Scheme for Veterinarians, receiving $55,000 over five years to work in 26 communities focused on production animals and working dogs. The scheme aims to address the rural vet shortage, support animal health, and promote primary sector growth by placing vets in diverse, close-knit rural areas. Since its launch in 2009, the scheme has supported 516 recipients, with the latest group distributed across regions including Waikato, Canterbury, Otago, and others.
Tags: Todd McClay Andrew Hoggard Voluntary Bonding Scheme Ministry for Primary Industries New Zealand rural veterinarians agriculture veterinary graduates animal health primary sectorNew Guidance to Boost New Zealand Government Infrastructure Management and Maintenance
1 week ago | 109 viewsNew Zealand’s Infrastructure Minister Chris Bishop announced new guidance from the Infrastructure Commission aimed at improving how government agencies maintain and manage nearly half of the country’s infrastructure assets. The Asset Management and Investment Planning guidance provides clear expectations, tools, and accountability measures to address widespread poor asset management in sectors like health, education, and justice. This initiative is part of a broader government program focused on practical improvements now and longer-term system changes, emphasizing the importance of maintaining existing infrastructure to avoid higher future replacement costs.
Tags: Chris Bishop New Zealand Infrastructure Commission Infrastructure Minister Asset Management Investment Planning New Zealand Government National Infrastructure Plan Infrastructure Maintenance Public Sector Government AgenciesFunding Approved for SH50 Ngaruroro River Bridge Strengthening in Hawke’s Bay
1 week ago | 109 viewsFunding has been approved for strengthening the SH50 Ngaruroro River Bridge in Hawke’s Bay, addressing current speed and weight restrictions that have impacted freight operators since October 2022. The project, costing between $10–$20 million, is set to begin construction in 2026 and will upgrade the bridge to support High Productivity Motor Vehicles and 50MAX configurations, enhancing transport efficiency and regional economic growth. Temporary restrictions will remain until completion, with ongoing stakeholder engagement and community support emphasized by government officials.
Tags: Chris Bishop Katie Nimon Catherine Wedd NZ Transport Agency SH50 Ngaruroro River Bridge Hawke’s Bay NZTA Transport Minister Napier MP freight sectorNew Zealand Fish Stocks Are 87% Sustainable, Fisheries Minister Confirms
1 week ago | 87 viewsA recent report shows that 87.2% of New Zealand’s 149 scientifically evaluated fish stocks are sustainable, with plans to restore the 19 stocks needing support. The country’s fisheries are recognized globally for sustainability, supported by a quota management system and ongoing reforms to enhance responsive fisheries management. The seafood sector employs around 9,000 people and generates approximately $1.5 billion in exports annually, contributing significantly to New Zealand’s economy and food supply.
Tags: Shane Jones New Zealand Fisheries New Zealand fish stocks sustainability United Nations seafood sector quota management system fisheries reforms MPINew Funding Boosts Faster Mental Health Support for New Zealanders on World AIDS Day
2 weeks ago | 141 viewsMental Health and Associate Health Minister Matt Doocey announced new funding for the Burnett Foundation to launch a wraparound counselling service, improving faster access to mental health support for people affected by HIV and their families. This initiative, supported by the Mental Health and Addiction Community Sector Innovation Fund, will expand both face-to-face and online counselling nationwide. The announcement aligns with New Zealand’s HIV Action Plan and the release of the first HIV Monitoring Report, aiming to eliminate local HIV transmission by 2030.
Tags: Matt Doocey Burnett Foundation Mental Health World AIDS Day HIV New Zealand Mental Health and Addiction Community Sector Innovation Fund HIV Action Plan community organisations HIV Monitoring ReportNew ECE Licensing Criteria Reform to Boost Quality, Cut Costs from 2026
3 weeks ago | 139 viewsAssociate Education Minister David Seymour announced the completion of reforms to Early Childhood Education (ECE) licensing criteria, reducing and simplifying requirements by nearly 20% to lower compliance costs while maintaining child safety. The changes, based on sector feedback, aim to remove unnecessary red tape, improve clarity, and introduce a new Director of Regulation to oversee licensing, enforcement, and support with a collaborative approach. These reforms, effective April 2026, are designed to make it easier to open and operate high-quality ECE centers, increasing parental choice and access.
Tags: David Seymour Early Childhood Education ECE licensing criteria Ministry of Education ECE Sector Review Director of Regulation compliance costs child safety early learning services Government reformCutting Red Tape in New Zealand Yields $223M-$337M Economic Benefits
3 weeks ago | 140 viewsMinister for Regulation David Seymour highlights that cutting red tape in New Zealand has generated significant economic benefits, with a return of $11–$17 for every dollar spent, totaling an estimated net public benefit of $223 million to $337 million over 10 years. Examples include lifting bans on medical conferences and revoking unnecessary sector-specific regulations, which have already brought millions in benefits and promise ongoing savings across various industries. The government aims to continue reducing unnecessary regulations to boost productivity, economic growth, and public value through practical reforms and improved regulatory standards.
Tags: David Seymour Ministry for Regulation New Zealand red tape medical conferences Hairdressing and Barbering Sector Review economic benefits regulatory reform early childhood education MotuNew Zealand Launches Te Haeata Certificate to Boost Business Events Workforce
3 weeks ago | 116 viewsThe New Zealand Government is investing in the New Zealand Certificate in Business Events (Level 4) “Te Haeata,” an industry-led qualification designed to build a skilled workforce for the business events sector. This practical, online training program aims to address workforce shortages, support career pathways, and enhance the global competitiveness of New Zealand’s tourism and hospitality industries. Launching in early 2026, Te Haeata will also be introduced in high schools to attract and retain talent, promoting sustainable growth in the sector.
Tags: New Zealand Certificate in Business Events Te Haeata Louise Upston business events sector tourism hospitality workforce development career pathways sustainable growthNew ECE Regulation Law Prioritizes Child Safety and Streamlines Licensing
1 month ago | 137 viewsAssociate Education and Regulation Minister David Seymour announces a new law prioritizing child safety and establishing a Director of Regulation to oversee early childhood education (ECE) licensing, compliance, and enforcement with a focus on reducing unnecessary costs and red tape. The Director will ensure a proportionate, risk-based approach to regulation that supports children’s development, parental involvement, and high-quality ECE services, based on sector feedback highlighting previous rule confusion and excessive bureaucracy. These reforms, effective February 2026, aim to improve access and quality in ECE while aligning with the Government’s commitment to smarter regulation and will involve legislative changes to transfer regulatory functions to the Education Review Office.
Tags: David Seymour Ministry for Regulation Director of Regulation early childhood education ECE licensing Education and Training Act ECE Sector Review Ministry of Education EROPrime Minister’s Space Prizes 2025: Dawn Aerospace CEO & Student Honored
1 month ago | 156 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 Infrastructure Pipeline Hits $275 Billion with 12,000 Projects
1 month ago | 137 viewsThe New Zealand Infrastructure Commission's latest update reveals nearly 12,000 infrastructure projects worth $275 billion, showing significant growth from $237 billion in June, with $181 billion now having full or partial funding. The Pipeline, covering projects across government and private sectors in areas like transport, water, and education, provides a comprehensive view to support better planning, economic growth, and workforce confidence. This update will guide the National Infrastructure Plan by highlighting funded and unfunded initiatives, improving decision-making and system performance nationwide.
Tags: Chris Bishop New Zealand Infrastructure Commission National Infrastructure Pipeline infrastructure projects infrastructure planning construction sector government agencies National Infrastructure Plan infrastructure investment infrastructure funding