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New Zealanders may face a big tax debate in the coming years. Analysts say the key issue is whether the country is collecting enough tax, not just if a capital gains tax is needed. Currently, New Zealand has a fiscal deficit of about 2.4% of its economy, according to Treasury’s chief economic adviser, Dominick Stephens. […]
A Morningstar survey for the three months ending in September shows that the value of KiwiSaver savings increased by about $7 billion, reaching $117.6 billion. This follows an $8 billion increase in the first half of 2024. Most funds, whether balanced, aggressive, or conservative, had average quarterly returns of about 4 percent. Morningstar’s data director, […]
Homeowners in Napier face rising insurance costs, with some seeing premiums triple since Cyclone Gabrielle hit in early 2023. Philip Dol, a resident of Te Arawa, had his insurance premium increase from $2,000 to over $5,000, with a recent quote approaching $8,000. After analyzing a flooding hazard map from the Hawke’s Bay Regional Council, Dol […]
Auckland Transport wants to raise public transport fares by 5.2% starting in February and cut down the number of fare zones from 14 to 9. This plan will be discussed at a council meeting on Thursday. They argue the fare increase is necessary to cover rising operating costs. For example, the adult fare for one […]
The Fast-track Approvals Bill could bring 8,000 new homes to Wellington. On Sunday, the government announced 149 projects included in this bill, which will go to the environment select committee this month. Among these, six out of 11 projects aim to create over 8,000 homes in Kāpiti Coast and Hutt Valley. The Wellington Company has […]
TVNZ in Auckland has announced plans for further cost-cutting and reorganization, which will reduce what the state-owned broadcaster does. This has sparked questions about whether the failed media merger last year was a lost opportunity. During a recent TVNZ Q+A, ACT leader David Seymour claimed charter schools would be seen as successful in the future. […]
TVNZ is facing more financial cuts and has announced major changes to its operations. Starting next year, the company will close its 1News website, outsource some jobs, and modify staff schedules. They aim to save $30 million through these changes. Paul Goldsmith, the Minister for Media and Communication, stated that the media sector is under […]
Sir John Key believes Donald Trump is likely to win the upcoming US election. In an interview, he explained his views on the 2024 presidential race. He is interested in US politics and thinks Trump is the best candidate for the economy. Key, who is a director at a California tech company and owns a […]
The Police Commissioner is leaving to become the head of the Social Investment Agency. Finance Minister Nicola Willis has a strong interest in this Agency, which aims to help vulnerable people in society. The government initially provided funding for the Agency, but the methods and size of the fund are still not clear. The Social […]
Some Wellington businesses are asking the Government to make workers stop working from home, following Amazon’s lead. They believe this could help improve the economy, which is described as “icy” in a recent Kiwibank report. In Wellington, nearly a quarter of the workforce is made up of public servants, with another 16% working in local […]
