Acting PM Peters rebuffs concerns over digital services tax
By Victoria Young July 12 (BusinessDesk) - Acting Prime Minister Winston Peters has dismissed concerns the US could threaten New Zealand with tariffs over proposed taxes for internet companies. New Zealand is still developing a digital services tax which could generate $30...
Local travellers continue to boost guest nights in May
By Victoria Young July 12 (BusinessDesk) - Domestic travellers continued to shore up accommodation guest nights in May, helping offset an ongoing slide in international visitors. Total guest nights were up 0.9 percent to 2.56 million, underpinned by a 6.6 percent rise in do...
New orders help manufacturing recover in June
By Victoria Young July 12 (BusinessDesk) - Manufacturing activity rose in June, thanks to a recovery in new orders which ensured the sector didn’t shrink. The Bank of New Zealand-Business NZ performance of manufacturing index rose 0.9 points to a seasonally adjusted 51.3 f...
Infratil raises guidance on earlier than expected Vodafone deal
By Victoria Young July 12 (BusinessDesk) - Infratil has lifted its 2020 full-year earnings guidance by $20 million as it expects to complete the acquisition of Vodafone NZ a month earlier than expected. The revised guidance for $655-$695 million of underlying earnings befo...
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