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Fonterra poised for significant growth in Korean market

As New Zealand marks the one-year anniversary of its Free Trade Agreement (FTA) with South Korea, Fonterra Co-operative Group is gearing up to take advantage of huge potential for its dairy products there, particularly cheese.

Record month for card spending

Retail spending using electronic cards reached the highest-ever monthly figure in December 2016, Statistics New Zealand said today.

Upcoming power outage in Te Kaha and surrounding areas

As owner and operator of the National Grid, Transpower needs to complete important line and substation maintenance work to ensure a reliable supply of electricity to Te Kaha, Waihau Bay, Omaio, Torere and the surrounding areas.

Job advertisements: Going one better

- ANZ job ads rose 1.6% in December (seasonally adjusted) to be 18.8% higher than a year ago (3-month average). This is the strongest annual growth since late 2011.

Calls for dairy industry 'to come clean about its plans for expansion'

Despite widespread public concern over New Zealand's polluted rivers and lakes, the dairy industry plans to push the national dairy herd to record numbers.

Further upside for dairy price rally

Reduced milk supply out of key dairy export regions - including New Zealand - will fuel further dairy price increases in the early part of 2017, according to Rabobank’s latest global dairy outlook.

Restrictions working so no more needed, says real estate boss

October’s much tougher loan-to-value ratios (LVRs) hitting the likes of property investors are having the desired impact this summer, making it increasingly unnecessary for the Reserve Bank to introduce the likes of loan-to-income restrictions as some speculated last year, says Geoff Barnett, N

2016 'a stunning year for new vehicle sales'

David Crawford, Chief Executive Officer of the Motor Industry Association says "While many are writing off 2016 as a year to forget, for the new vehicle sector it was annus mirabilis, a wonderful year.

1-in-10 small business owners take no holidays

Many people will be heading back to work this week, but spare a thought for the thousands of small business owners who skipped taking a break this year according to accounting software provider MYOB.

Fourteen million tests and counting

In the time it takes you to read this, Fonterra will have carried out another 60 tests on its milk and products.

Marketview: NZ's summer hot spots

As Boxing Day sales wind up and Kiwis head away for their summer holidays, consumer spending specialists, Marketview, have looked at the top tourist spots and found a couple of surprises in its analysis.

Shopping or swimming - Boxing Day retail figures for NZ

Spending through Paymark totalled $152.7 million on Boxing Day this year. While a new high for the day, this marks only a modest 1.9% increase in underlying spending on Boxing Day last year.

NZ economy shaken but not stirred

The New Zealand economy continues to prosper with nearly all key indicators pointing to respectable annual growth of around 3.5 percent, according to the BusinessNZ Planning Forecast.

Charges filed over 'made in NZ' claims about NatureBee supplement

Topline International Limited (Topline) and its director Jeffrey Bernard Cook each face 22 charges brought by the Commission for falsely representing that its NatureBee Potentiated Bee Pollen (NatureBee) supplement was a New Zealand made and sourced product, when in fact the bee pollen was from C

Court approves Southern Response class action to proceed

A group of policyholders had their application approved by the High Court today to proceed with a representative action against their insurer, Southern Response.

Worker exploitation condemned

BusinessNZ has endorsed the sentence handed down today to the first person convicted of human trafficking in New Zealand.

Government's update paints a rosy economic picture - PwC

Treasury’s Half Yearly Economic and Fiscal Update offers a rosy outlook for the next few years. Growth is expected to be around 3.5% and averaging 3% over the next five years.

Household sector saving continues to decline

Household net disposable income was $138.4 billion (up 2.8 percent), while household spending was $141.4 billion (up 3.6 percent) in the March 2016 year, Statistics New Zealand said today. Household saving was negative at $3.0 billion.

Early Xmas present for bank customer careless with PIN

A bank customer who was careless with her phone banking PIN was lucky to get back $5,000 stolen from her account, says Banking Ombudsman Nicola Sladden.

2016 AMI NZ Autocar Car of the Year announced

The Mazda CX-9 has won the overall AMI Insurance NZ Autocar Car of the Year award for 2016. After a day of back-to-back testing with the five other category winners, it amassed more points than its rivals to claim the title. It was also the winner of the AMI Insurance Safety Award.

ANZ Commodity Price Index rises 2.7% in November

The ANZ Commodity Price Index rose 2.7% in November, the seventh rise in as many months. The recent run of form has seen the index lift to 13% higher than a year ago (due in part to base effects).

$250m investment in eco development on Krd

Answers to Auckland’s housing crisis require new ways of thinking, new ways of building and new ways of engaging with the community, say a group proposing to build ‘The McGreggor’ New Zealand’s most sustainable apartment building in the vibrant Karangahape road precinct.

Air New Zealand opens doors to new regional lounge in Wellington

Air New Zealand has today welcomed customers to the airline’s first lounge dedicated to regional travelers out of Wellington.

Aunt Jean's Dairy set to bring back the kiwi classic of milk in a glass bottle

Seventh-generation dairy farmers Julian and Cathy Raine of Nelson are teaming up with leading glass manufacturer O-I to bring beautiful A2 cows’ milk fresh from the farm to milk lovers around New Zealand, in one-litre glass bottles under the name Aunt Jean’s Dairy.

Timely wins best emerging business in NZTE International Business Awards

Appointment scheduling and business management software company Timely secures a win at the 2016 New Zealand International Business Awards as the best emerging business for 2016, alongside finalist Haka Tours.

Creating safer skies and better sustainability for aerial topdressing

An award winning development in aerial topdressing is making it safer for pilots to navigate one of the world’s most dangerous professions while improving on-farm sustainability.

Major step forward on pay equity: BusinessNZ

BusinessNZ says the Government’s agreement to the Joint Working Group on Pay Equity Principles is a major step forward for dealing with any cases of undervaluing women’s work.

Zespri releases another 400 hectares of SunGold licence for 2017

At the end of a record-breaking 2016 season, Zespri is continuing to invest in future growth by announcing the release of another 400 hectares of its gold kiwifruit variety SunGold next year.

Suncorp NZ sells Autosure business, enters into corporate partnership

Suncorp New Zealand today announced the sale of the majority of its Autosure motor insurance business to Turners Limited, and the start of a new corporate partnership with Turners. Under the deal:

Largest ever apple crop forecast for 2017

New Zealand is set to grow its largest ever export apple crop of 21.5 million cartons worth a record $800 million, the industry’s leader announced today. Pipfruit New Zealand chief executive Alan Pollard said the success of New Zealand’s apple industry was breaking all records.

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