Pictor gets $500k for covid test
Biotechnology firm Pictor has been granted $500,000 to develop a test to detect covid-19 infection within an hour.The funds have been allocated from $25 million the Ministry of Business, Innovation and Employment has set aside to accelerate projects that could help detect, diagno...
Population reaches 5 million
New Zealand’s population crossed the five-million threshold in March.Stats NZ said the estimated resident population at the end of the month was 5,002,100, making the rhetorical “team of five million” an official reality. Population insights senior manager Brooke Theyers said the...
China’s banking heavyweight registered as bank in NZ
The Reserve Bank today announced that it has registered the Industrial and Commercial Bank of China to provide banking services in New Zealand.ICBC is incorporated in China and will operate in New Zealand as a branch, the RBNZ said. According to S&P Global, ICBC has about $4.3 tr...
PSI at lowest since 2007
Activity in New Zealand’s services sector ground to a halt during April, according to the BNZ - BusinessNZ Performance of Services Index.A PSI reading below 50.0 indicates it is declining. April marked the lowest level of activity since the survey began in 2007 at 25.9 but BNZ se...
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