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The New Zealand government confirmed it would deliver on its commitment to raise the minimum wage to 20 NZ dollars (14.26 U.S. dollars) per hour from April 1, 2021, Workplace Relations and Safety Minister Michael Wood said on Thursday. As the country recovers and rebuilds from COVID-19, the government is committed to supporting New Zealanders […]
China is now New Zealand’s second-largest source of foreign investment. However, the investment relationship still lags behind trade and people-to-people links. A report by the New Zealand China Council shows that in 2017, China invested 8.25 billion New Zealand dollars across the country. Executive Director of New Zealand China Council Stephen Jacobi said that contrary […]
New Zealand kiwifruit company Zespri has launched a three-year trial program growing kiwi’s and promoting authorized plantations in Sichuan province. The vendor indicated that during the first year of the trial program, the company would gather an expert council consisting of Chinese scientists, scholars, and practitioners. The expert council aims to share experience and knowledge […]
This year, Captain Cook and Marsden Wharves will host the Auckland Lantern Festival. The festival will fun from the 24th to February 28. Auckland Domain previously hosted the lantern festival, however, was cancelled in 2020, due to Covid19. The annual event has become popular with both locals and visitors to the city. The lantern festival […]
The New Zealand crayfish industry is experiencing a boom, mostly thanks to increased demand from China. China accounts for two-thirds of New Zealand’s crayfish exports, employs 2500 people and earns $320 million a year. At the start of 2020, the industry experienced a significant shock when Covid-19 sent China into lockdown. With restaurants closed, the […]
Increasing house prices are a barrier to homeownership for many but buying in regional areas is one way to get on the ladder – and the strategy is growing in popularity. That’s because while prices in the big cities might be sky-high, in regional markets they are far more reasonable and that provides buyers with […]
The first cohort of international students are preparing to return to New Zealand under a new border exception announced by the government last month. Universities New Zealand, which represents the country’s eight universities, said 194 eligible students have been contacted and will now start their visa process. It said the students are from China, the […]
Dairy prices firmed at the global dairy auction overnight with the average price rising by 1.8 percent. The average price is now $US3157 ($NZ4582) a tonne. This compares with a 2 percent fall at the last auction two weeks ago. The price of wholemilk powder increased 1.8 percent to $US3037 a tonne. Prices for other […]
The windfarm operator and developer Tilt Renewables has more than doubled its profit for the six months to September, mostly through accounting provisions, as it juggles developments in a changing energy sector. The company reported an after-tax profit of $AU11.8 million up from $AU6.8m on the year earlier. Its revenue was down after selling a […]
A 10 percent increase in the government’s GST returns this year is raising further questions about the huge uptake of the government’s $14 billion wage subsidy scheme. Latest figures show total net GST paid by businesses to Inland Revenue increased by $1.184bn for the first seven months of the year. There was a drop off […]
