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Spend tourism money on innovation instead, Treasury told govt
July 18 (BusinessDesk) – The government’s $40 million a year tourism spending boost was a waste by comparison with adding those funds to the pot to encourage high value manufacturing and service industries, the Treasury advised before the May budget. The advice is contained in...
Tourism Holdings looks to snaffle failed Pacific Horizon’s customers, won’t buy assets
By Paul McBeth July 18 (BusinessDesk) - Tourism Holdings, the rental campervan operator which merged with two rivals last year, has told the receivers of Pacific Horizon it’s available to pick-up any customers left out in the cold, but won’t buy the failed firm’s assets. The...
NZ dollar edges up in volatile trading after Bernanke says stimulus dependent on economic data
By Tina Morrison July 18 (BusinessDesk) – The New Zealand dollar edged up in volatile trading after Federal Reserve chairman Ben Bernanke emphasised the central bank’s asset purchase programme could be reduced more quickly or expanded depending on economic conditions. The kiwi...
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