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Economy grows by 3.1 per cent, on right track - English

The economy continued to grow by more than 3 per cent in the year to 31 December, confirming that New Zealand remains on the right track under the Government’s economic programme, Finance Minister Bill English says.

Some postage rates to rise from 1 July 2014

The standard letter rate - the cost of sending a medium sized letter by Standard Post within New Zealand - will rise by 10 cents, from 70 cents to 80 cents, from 1 July 2014.

GDP up 0.9 percent

Strong growth in manufacturing saw gross domestic product (GDP) rise 0.9 percent in the December 2013 quarter, Statistics New Zealand said today.

Newspapers 'among top two' choices for marketers

Newspapers remained one of the top two choices for marketers placing advertising spend in 2013, according to annual figures compiled by the Advertising Standards Authority and released today.

Record dairy exports shrink current account deficit

An increase in the value of dairy product exports has seen New Zealand record its smallest seasonally adjusted current account deficit since the March 2010 quarter, Statistics New Zealand said today.

Accounting body appoints new President

Global accounting body CPA Australia has appointed Chandan Ohri as President of its New Zealand branch Council. Ohri, who is the Head of IT Advisory at KPMG, takes over as President from Beca’s Mark Stinson and will serve a two-year term.

Abano announces improved forecast

Abano Healthcare Group Limited (NZX:ABA) has today provided guidance for the financial year ending 31 May 2014.

'Too little time' to make submissions on health and safety bill

Allowing just three weeks to get to grips with the changes proposed to our workplace safety laws is unreasonable and unrealistic, the Employers and Manufacturers Association says.

Labour productivity grows

Labour productivity increased 2.1 percent in the March 2013 year, Statistics New Zealand said today. This is higher than the average annual rate of 1.6 percent for the 17-year period since 1996, when the series began.

Jetstar's Ask Jess launched in NZ

Jetstar has launched a new virtual assistant service on its New Zealand website to help travellers easily find information in a user-friendly format.

Retirement confidence drops

Only 39 per cent of those with a retirement savings target are confident of reaching their goals according to ANZ’s Retirement Savings Confidence Barometer, released today.

Planning underway for returning DL locomotives to service

KiwiRail is confident the level of risk from exposure to airborne asbestos in its DL locomotives is minimal, following completion of a second round of testing in New Zealand, the results of which were also validated by an internationally recognised occupational medicine expert.

Fonterra chairman visits new $126m UHT milk processing site

Fonterra Chairman John Wilson visited Fonterra’s new $126 million UHT milk processing site at Waitoa on the weekend. The site is in its final stages of testing before commissioning Anchor UHT milk and cream products at the end of this month.

Youth focused relaunch for gay media's express

The new express is the voice of the bars of K’ Road, a flash from a high fashion shoot and the wine glasses from the latest opening, the new express is sharp, smart and witty - and one you won't want to miss!

Continued growth across the economy - NZIER

The New Zealand economy will grow strongly over the next couple of years, according to the latest NZIER Consensus Forecasts. Economic growth will pick up from 2.9% in the March 2014 year to 3.6% the following year.

Services sector 'lost some impetus' in February

While continuing to expand, activity in the services sector lost some impetus during February, according to the BNZ - BusinessNZ Performance of Services Index (PSI).

VMob extends global sales efforts

With the addition of key accounts across Europe including McDonald’s and Exxon, VMob (VML-NZX) is experiencing strong customer growth in the last 12 months and adding top tier talent in Australia and the UK to meet demand.

Consumer confidence continues to rise - survey

The Westpac McDermott Miller Consumer Confidence Index rose to 121.7 in March, up slightly from 120.1 in the December survey. As such the Index was the highest since March 2005, when it was 126.7.

Local authorities show quarterly surplus

Local authorities had an operating surplus in the December 2013 quarter, Statistics New Zealand said today. After adjusting for seasonal effects, income exceeded spending by $56.3 million.

Manufacturing sector continues to expand

New Zealand’s manufacturing sector remains at a consistent level of solid expansion, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

Changes to Dairy Cattle Code of Welfare proposed

The National Animal Welfare Advisory Committee (NAWAC) is seeking public consultation on proposed changes to the Animal Welfare (Dairy Cattle) Code of Welfare 2010. NAWAC is proposing that blunt force trauma may not be used for the routine killing of unwanted dairy calves on the farm.

Little tax comfort for Kiwi expats

By Rebecca Armour, Tax Director and Head of International Executive Services at KPMG Inland Revenue today released its interpretation of what it means to be tax resident.

Stronger dollar softens wool prices

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the stronger NZ dollar compared to last sale on 6th March accounted for most of the weakness in local wool prices. In off shore terms there is little change and in some areas prices lifted.

Nutricia welcomes MPI decision to charge Fonterra

Nutricia welcomes MPI’s decision to charge Fonterra following last year's devastating botulism scare that prompted numerous recalls of our Karicare infant formula product across eight countries.

OCR increase 'too early'

The Reserve Bank of New Zealand’s (RBNZ) decision to increase the OCR by 25 basis points to 2.75% today is too early, and has the potential to further damage the tradable sector; say the New Zealand Manufacturers and Exporters Association (NZMEA).

Food prices fall 1.0 percent in February

Food prices fell 1.0 percent in February 2014, but were up 0.2 percent on a year earlier, Statistics New Zealand said today.

Fonterra accepts MPI charges

Fonterra Limited (Fonterra), a wholly owned subsidiary of Fonterra Co-operative Group Limited, accepts the charges arising from the Ministry for Primary Industries’ (MPI) investigation into events leading up to the precautionary whey protein concentrate (WPC80) recall last year.

MPI files charges against Fonterra

The Ministry for Primary Industries (MPI) filed charging documents on Wednesday 12 March in Wellington District Court against Fonterra Limited, following MPI’s compliance inquiries into last year’s Whey Protein Concentrate incident.

Pharmacybrands invests in home healthcare market

Pharmacybrands announced today that it has invested in Auckland-based community nursing and home healthcare provider, Total Care Health Services.

OCR increase: options for floating rate borrowers

Borrowers need to carefully consider what is best for their home lending for the medium term, says the Professional Advisers Association (PAA).

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