Policy
Explore the latest government news by BusinessDesk.
Economy
Will ditching the CGT have revived business spirits?
By Jenny Ruth May 27 (BusinessDesk) - Amid an action-packed week for business news, a key piece of information will arrive on Wednesday afternoon when ANZ Bank's latest business confidence survey shows whether Prime Minister Jacinda Ardern's decision to drop a planned capital...
Economy
Reaction to Budget rules relaxation shows balance 'about right', says Ardern
By Pattrick Smellie May 24 (BusinessDesk) - The government's decision to relax its Budget Responsibility Rules has attracted a balance of positive and negative criticism, suggesting it's pitched about right, said Prime Minister Jacinda Ardern in a speech to an Auckland busines...
Finance
Westpac says RBNZ capital proposals would add $6,000 p.a. to an Auckland mortgage
By Jenny Ruth May 24 (BusinessDesk) - Westpac says the Reserve Bank’s bank capital proposals will mean homeowners with an average mortgage in Auckland will be paying about $6,000 a year more in interest. The Australian-owned bank says the central bank has greatly underestim...
Infrastructure
OceanaGold less confident in regulatory regime
By Gavin Evans May 23 (BusinessDesk) - OceanaGold says the surprise rejection of a land purchase for a new tailings facility has reduced its confidence in this country’s regulatory settings. The rejection of its planned 178-hectare purchase – due to a split decision between...
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