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Friends and family from overseas spend far more than realised
Nov. 14 (BusinessDesk) – Newly reworked tourist spending data shows that friends and family visiting from other countries spend far more than previous surveys have identified, although tourism spending shows an overall downward trend in the last decade. The newly constituted Int...
Air NZ to take up Virgin rights for stake of up to 25.5 percent
By Tina Morrison Nov 14 (BusinessDesk) – Air New Zealand, the national carrier, will take up its full entitlement in a Virgin Australia Holdings rights issue, at a cost of between A$81 million and A$116 million. The Auckland-based carrier, which has agreed to sub-underwrite the...
NZ manufacturing activity rose in October, indicating broad economic expansion
By Tina Morrison Nov. 14 (BusinessDesk) – New Zealand manufacturing activity rose in October, indicating the sector is part of a broad-based economic expansion. The BNZ-BusinessNZ seasonally adjusted PMI rose to 55.7 in October from a revised 54.2 in September, and is at the h...
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