Blis sees 'modest' earnings surplus after more than doubling first-half sales
By Paul McBeth Oct. 14 (BusinessDesk) - Blis Technologies, which sells probiotic products targeted at oral health, colds and flu, expects to post "modest" earnings after more than doubling first-half sales, which it anticipates will flow into the annual result. The Dunedin-...
NZ dollar rise vs. Australian dollar as Westpac rate hike puts pressure on RBA
By Paul McBeth Oct. 14 (BusinessDesk) - The New Zealand dollar rose to a four-month high against its trans-Tasman counterpart on speculation mortgage rate hikes by Westpac Banking Corp may put pressure on the central bank to ease policy. The kiwi rose as high as 92.40 Austr...
English ekes out surprise surplus as growth stokes tax-take, keeps one eye on debt
By Paul McBeth Oct. 14 (BusinessDesk) - Finance Minister Bill English has delivered a surprise surplus, ending six years of red ink, as the economy maintained enough momentum to lift the government's tax-take, while keeping a lid on spending increases. The operating balance...
IRD says $1 bln-plus project to replace ageing IT system is running 15% under budget
By Paul McBeth Oct. 14 (BusinessDesk) - The Inland Revenue Department's $1 billion-plus project to replace its ageing information technology infrastructure and update its processes to be more customer focused is running 15 percent under budget, and is expected to be at the low...
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