Airlines still in talks with govt as first tranche of package rolled out

Airlines still in talks with govt as first tranche of package rolled out
Paul McBeth
Airlines are still in talks with the government about how to keep their services running as more and more routes get suspended.Transport Minister Phil Twyford today announced where almost half of the $600 million aviation support package will go – largely covering government fees and keeping air traffic service provider Airways operating.About $163 million will go to airlines to pay passenger-based charges used to help fund the Civil Aviation Service, Aviation Security Services, Customs, and biosecurity. And another $37 million of support will...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024