New foreign investment agency: the details

New foreign investment agency: the details
Todd McClay will be the lead minister for the new foreign investment attraction agency. (Image: NZME)
Staff reporters
Foreign direct investors will be wooed by a new agency, Invest New Zealand, as part of the Government’s new push to drive the economy out of its current long period of doldrums.Prime Minister Christopher Luxon has named Trade Minister Todd McClay to oversee the agency.Said McClay: “Invest New Zealand will streamline the investment process and provide tailored support to foreign investors, to increase capital investment across critical infrastructure, fostering greater innovation in key sectors and attracting world-class talent to ou...

More Economy

Finance Minister announces $100m to elevate Elevate
Economy

Finance Minister announces $100m to elevate Elevate

Elevate is a government-funded 'fund of funds' programme. 

Manawa deal sparks talk about Infratil's plans
Economy

Manawa deal sparks talk about Infratil's plans

Analysts expect a sale of its WLG Airport stake. Former executives aren't convinced.

Gregor Thompson 12 May 2025
Why this Australian investor likes NZ-listed companies
Economy

Why this Australian investor likes NZ-listed companies

Fund manager believes in NZ's economic recovery, and is putting money behind it.

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rebecca Howard 09 May 2025