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Reserve Bank: Consults On The Future Of Money
“Commercial banks, the wider cash industry and Te Pūtea Matua (the Reserve Bank) need to seize opportunities and innovate to ensure that the cash, money and ways to pay continue to serve New Zealanders’ needs,” says Assistant Governor Christian Hawkesby following the release of two issues papers today for public consultation… More>>

Tourism Industry Aotearoa: Border Levy Increase Disappoints Tourism Industry
Tourism Industry Aotearoa says tourism operators will be dismayed that the cost is to go up for all travellers crossing New Zealand’s borders from 1 December. The New Zealand Customs Service and the Ministry for Primary Industries are significantly increasing the border processing levy (BPL). From 1 December… More>>


Commerce Commission: Mercury Cleared To Acquire Trustpower’s Retail Business

The Commerce Commission has granted clearance for Mercury NZ Limited to acquire Trustpower Limited’s retail business. Deputy Chair Sue Begg said the Commission is satisfied that the acquisition is unlikely to substantially lessen competition in any New Zealand market…. More>>


Statistics: Record Number Of New Homes Consented

A record 4,490 new homes were consented in August 2021, Stats NZ said today. The previous record was 4,310 new homes consented in June 2021. “August was another record-breaking month with 4,490 new homes consented, despite the country being in lockdown for two weeks… More>>

Statistics: Surge In Imports Results In Record Monthly Trade Deficit
Imports increased $1.8 billion in August 2021 compared with August 2020, resulting in a record monthly trade deficit of $2.1 billion, Stats NZ said today. Exports were little changed, down $42 million. “This is a larger deficit than normal because of higher values for imports.. More>>

Fonterra: Completes reset, announces annual results and long-term growth plan out to 2030
Fonterra Co-operative Group Limited today announced a strong set of results for the 2021 financial year, reflected in a final Farmgate Milk Price of $7.54, normalised earnings per share of 34 cents and a final dividend of 15 cents… More>>

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