Govt seeks shovel-ready projects for when shutdown ends

Govt seeks shovel-ready projects for when shutdown ends
Rebecca Howard
The government wants "shovel-ready" building projects to kick off as soon as the shutdown ends, just a day after Infrastructure New Zealand warned of steep job losses in the sector.Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones have tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to soften the economic impact of the covid-19 pandemic. “We are focused on the health and wellbeing of New Zealanders first an...

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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