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NZ guest nights hit annual record in February; hotel occupancy at all-time high
By Tina Morrison April 12 (BusinessDesk) - New Zealand accommodation providers hosted a record number of guest in the year to the end of February, reinforcing suggestions the sector could do with more capacity. A record 39.6 million guest nights were spent in short-term com...
NZOG to look offshore for new oil opportunities, no ímmediate impact on existing NZ operations
By Pattrick Smellie April 12 (BusinessDesk) - New Zealand's only NZX-listed oil and gas explorer and producer says today's government announcements ending the issuance of offshore oil and gas exploration permits "will not have any immediate material impact" on its operations o...
McDermott says RBNZ limited in its ability to influence underlying employment trends
By Jonathan Underhill April 12 (BusinessDesk) - The Reserve Bank of New Zealand may now need to give regard to employment when setting monetary policy but in reality its ability to influence trends in the jobs market is limited, says Reserve Bank assistant governor John McDerm...