Business & Markets

Tourism still growing but more slowly

New international visitor arrival statistics confirm the growth in New Zealand’s tourism economy is slowing after four years of exceptional growth, Tourism Industry Aotearoa says. According to Stats NZ data released today, international arrivals...... Read More

Sanford shipments delayed at China ports

A New Zealand seafood exporter has struck problems in getting its produce into China, in what could be a sign of increasing tension. Sanford chief customer officer Andre Gargiulo said several of its fresh salmon shipments had faced delays in being...... Read More

Vodafone, Vocus trial early broadband unbundling from Chorus

Internet providers Vodafone and Vocus have decided to take on telecommunciations network operator Chorus over contol of some of the ultra-fast broadband fibre network. They have taken control of some physical lines in the central Auckland suburb or...... Read More

Seasonal labour shortage in Hawke’s Bay declared

The Ministry of Social Development has declared a seasonal labour shortage across Hawke’s Bay. Declaring a seasonal labour shortage allows visitor visa holders to apply for a variation of conditions, which will enable them to work on orchards...... Read More

As market slows, time taken to sell house goes up

The softening of the housing market has been backed by data showing growth in prices slowing further, few houses on the market and fewer being sold. The Real Estate Institute's latest report shows the national house price index rose 3.1 percent...... Read More

Broccoli and lettuce prices jump in January

Broccoli prices more than doubled in January 2019, while lettuce prices rose almost 80 percent, Stats NZ said today. The average price of a 350g head of broccoli was $2.76 in January, up from a near seven-year low of $1.25 in December. “A bumper...... Read More

Exporters expand despite global challenges

New Zealand’s exporters are signing new deals and improving the nation’s prosperity despite many global headwinds, Minister for Trade and Export Growth and Economic Development David Parker said today. “Our exporters are among the...... Read More

Bakers fined $115k for worker exploitation

A Canterbury bakery, its director and his wife have been ordered to pay over $115,000 plus interest, including $75,000 in wage arrears, for seriously exploiting and underpaying two migrant employees, including one who wasn’t paid at all. La Wheat...... Read More

Agents clamping down on money laundering practices

People out shopping for a new house or property will face more scrutiny from real estate agents from now on. New Zealand introduced its Anti-Money Laundering and Countering Financing Terrorism legislation in 2009 and banks, financial institutions and...... Read More