Services
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Property
Arvida gets 87% uptake in $92 mln rights offer
By Rebecca Howard July 17 (BusinessDesk) - Arvida Group attracted about 86.5 percent uptake in an underwritten offer to existing investors and will now hold a shortfall bookbuild to bridge the difference. The retirement home operator said it raised about $79.3 million of th...
Economy
Tourist numbers dip in May on fewer Chinese, Indian arrivals
By Rebecca Howard July 15 (BusinessDesk) - International travel into New Zealand eased in May with fewer visitors arriving from China and India. About 219,300 visitors arrived in New Zealand in May, down 1.2 percent on the year, Stats NZ figures show. The number of Chinese...
Economy
Softer June services activity points to economic slowdown
By Rebecca Howard July 15 (BusinessDesk) - Activity in New Zealand's services sector softened in June, adding to a picture of lacklustre economic growth. The BNZ-BusinessNZ performance of services index fell 0.8 of a point in June from May to a seasonally adjusted 52.7. Tha...
Economy
Acting PM Peters rebuffs concerns over digital services tax
By Victoria Young July 12 (BusinessDesk) - Acting Prime Minister Winston Peters has dismissed concerns the US could threaten New Zealand with tariffs over proposed taxes for internet companies. New Zealand is still developing a digital services tax which could generate $30...
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