IRD insists business transformation project tracking below budget
By Paul McBeth July 15 (BusinessDesk) - The Inland Revenue Department says a 10-year project to overhaul its IT infrastructure and introduce new processes to make it easier for taxpayers is still tracking below budget. Treasury documents released yesterday showed the total...
NZ dollar TWI extends fall on prospect of RBNZ warning
By Paul McBeth July 15 (BusinessDesk) - The New Zealand dollar continued its decline on a trade-weighted basis after the Reserve Bank surprised traders saying it would give an updated assessment of the economy next week, stoking expectations it's laying the groundwork for a ra...
IRD business transformation project to cost up to $2.61 billion
By Paul McBeth July 14 (BusinessDesk) - The Inland Revenue Department's programme to upgrade its ageing IT infrastructure and introduce new processes to make life easier for taxpayers is expected to cost up to $2.61 billion, budget documents show. And while the Crown is ex...
NZ dollar drops as RBNZ's surprise update raises expectations for August rate cut
By Paul McBeth July 14 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank said it will give its view on the economy next week given the long lead-in time to the next policy review on August 11, raising expectations it may be poised to cut rates next month. ...
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