Policy
Explore the latest government news by BusinessDesk.
Policy
RBNZ isn’t here to surprise, deputy governor says.
By Victoria Young Aug. 9 (BusinessDesk) - Reserve Bank deputy governor Geoff Bascand has told an audience of businesspeople the central bank won’t keep surprising as it did when it slashed the official cash rate on Wednesday. RBNZ's monetary policy committee shocked financ...
Policy
Food waste massive contributor to global emissions - IPCC
By Rebecca Howard Aug. 9 (BusinessDesk) - Agriculture, forestry and other land use may be responsible for 23 percent of global greenhouse gas emissions, but food waste is also a major culprit, according to a new report from the Intergovernmental Panel on Climate Change. Fro...
Policy
NZ dollar treads water after rate cut turmoil
By Jenny Ruth Aug. 8 (BusinessDesk) - The New Zealand dollar was little changed as the market absorbed the turmoil created in recent days by better-than-expected jobs data and the Reserve Bank’s surprise 50 basis point cut in its official cash rate. The kiwi was trading at...
Policy
Tax programme to consider seismic strengthening inducements
By Paul McBeth Aug. 8 (BusinessDesk) - Inland Revenue's latest tax policy programme will consider ways to encourage seismic strengthening for both commercial and residential property in the short-term. The proposal is detailed in the programme for the 2019/20 fiscal year r...
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