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Westpac has lifted its 2020/21 farmgate milk price forecast by 50 cents to $7.50/kg – 20c above the upper end of Fonterra’s forecast range. A $7.50/kg milk price would be one of the highest in the co-op’s 20-year history. Westpac has increased its 2021/22 milk price forecast by 25 cents to $7.25/kg. The price increase […]
It’s the world’s biggest trade deal most people have never heard of. New Zealand and 14 other countries from the Asia Pacific region are set to sign a new major trade agreement this weekend – the Regional Comprehensive Economic Partnership (RCEP). It encompasses Japan, China, South Korea, the 10 members of the Association of Southeast […]
A New Zealand trade specialist is welcoming Chinese President Xi Jinping statements about his desire to open trade doors with the world. Addressing Apec leaders yesterday Xi promised he will cut tariffs and indicated he wants to forge new partnerships. Xi said he has even reached out to the United States – declaring China doesn’t […]
The government has done a deal over facial recognition technology that throws access to it wide open. The Department of Internal Affairs has signed a master agreement with a leading global biometrics tech supplier that just about any organisation, public or private, can be allowed to join. Documents released under the Official Information Act show […]
New Zealand’s tech sector has defied the economic downturn unleashed by the Covid-19 pandemic with strong revenue, export, labour and investment growth. The annual technology industry report known as TIN, indicates sector revenue rose by nearly a billion dollars, or by 8.9 percent this year over last to $12.7b. Financial technology (Fintech) was leading the […]
New Zealand has posted its biggest annual trade surplus in 28 years as Covid-19 led to a sharp fall in imports. Official numbers show a surplus of $2.2 billion for the year ended October, the biggest since July 1992. The surplus was driven by a 10 percent slump in imports during the period, notably in […]
Polytechs are trying to make more space available as record numbers sign up for apprenticeships. The number of people signing up for apprenticeships has doubled to 17,000 after the government in June made them fees free for the next two-and-a-half years. Taumaloto Tiatia has always wanted to be a plumber but feeling family pressure to […]
The adoption of digital technology has accelerated in the wake of the Covid-19 pandemic, with a 40 percent increase in the number of businesses giving priority to innovation. An Asia Pacific survey by Microsoft has found about a quarter of 420 New Zealand organisations were leaders in promoting innovation, which was significantly more than the […]
The Reserve Bank says any further easy money policy measures will have the simple aim of lowering the cost of borrowing and ensuring banks have enough cheap liquidity to back investment by businesses and spending by households. In a briefing on its two favoured mechanisms – funding for lending (FLP), and negative interest rates – […]
More than 1.15 million votes have been cast by early voters, with 453,426 voting over the weekend. The Electoral Commission has released its latest statistics on voter numbers in the final weekend before the election. With more than 700,000 votes cast before Saturday, the Commission said it was expecting numbers to top a million by […]
