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Single business number useful for all business - BusinessNZ

Extending the single business number to all businesses, not just registered companies, is a better fit for New Zealand business, says ManufacturingNZ.

CPI increases 0.3 percent in June quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter.

Tax relief for Northland flood affected farmers

Revenue Minister Todd McClay has said that flood affected farmers in Northland will be offered assistance through Inland Revenue’s income equalisation discretion following the declaration of a medium scale adverse event by Primary Industries Minister Nathan Guy this morning.

AdviceFirst acquires Goldridge Wealth Management

AdviceFirst has today announced that it has acquired the business assets of Goldridge Wealth Management, one of New Zealand’s leading wealth management groups. The sale of the business is effective immediately.

Cooks' Esquires opens third Kuwait store

Cooks Global Foods’ (NZX:CGF) Esquires Coffee Houses continues its Middle East expansion programme with the opening of a third franchise store in Kuwait with a further four planned in the constitutional monarchy.

'Consumer Trusted' programme launched

Consumer NZ is extending its programme of testing from just products and services to accrediting entire businesses which meet the organisation's strict Code of Conduct.

Pre-election spending cycle apparent - Paymark

Election years have been known for their faster economic growth and this year spending through the Paymark network hints that the election cycle is in swing again. However the experience is mixed across regions and sectors.

China Construction Bank secures NZ banking licence

China Construction Bank (New Zealand) limited ("CCB NZ", previously known as CCB New Zealand Limited), a wholly owned subsidiary of China Construction Bank ("CCB"), was officially granted the banking license by the Reserve Bank of New Zealand and became a registered bank on 15 July 2014.

CCB NZ registered as a bank

The Reserve Bank of New Zealand today announced that CCB New Zealand Limited has been registered as a bank in New Zealand.

The Icehouse take business workshops to new regions

New Zealand’s leading business growth hub, The Icehouse, is pleased to announce the expansion of its topic-specific workshops into additional regions, thanks to support from BNZ and global payments technology company, Visa.

CRP Marine Consent application submissions close

Chatham Rock Phosphate Managing Director Chris Castle is delighted at the quality and number of submissions in support of its Marine Consent application to the Environmental Protection Authority to extract phosphate nodules from the seabed on the Chatham Rise at the rate of 30 sq km a year.

Wholesale pharmaceutical merger: Preliminary issues published

The Commerce Commission has published a statement of preliminary issues relating to a joint application from CDC Pharmaceuticals Limited and Pharmacy Wholesalers (Central) Limited (PWL Central) seeking clearance to merge their respective wholesaling pharmaceutical businesses.

Average asking price for Auckland homes at new record

Auckland home sellers want more for their homes than ever before, according to Realestate.co.nz, the website with New Zealand’s largest number of homes for sale. In June, the average asking price for homes in Auckland reached an all-time record of $732,240.

Food prices up 1.4 percent in June

Food prices rose 1.4 percent in June 2014, Statistics New Zealand said today. This rise followed 0.6 percent rises in both May and April. "Food prices in June were influenced by seasonally higher prices for fresh vegetables and higher meat prices," prices manager Chris Pike said.

Wool holds its ground

New Zealand Wool Services International Ltd’s General Manager, Mr John Dawson reports that despite local and overseas expectations of a much weaker market this week’s North Island wool auction generally remained firm to only slightly easier.

New consumer protections for building work

Builders will be required to have written contracts, provide information on their relevant skills, experience and qualifications, and disclose their insurance and warranty cover from 1 January 2015 for residential building work valued at over $30,000, Building and Construction Minister Dr Nick Sm

No slow down for BoP/Waikato manufacturers

Manufacturers in the Waikato and Bay of Plenty regions are expanding faster than elsewhere in New Zealand, according to the Performance of Manufacturing Index, and manufacturers are attributing that to the high performing rural sector.

Watch out for accidental in-app purchases - ComCom

The Commerce Commission is today reminding consumers about the potential to accidentally make in-app purchases when using applications (apps) on their mobile devices.

Guest nights trend continues to rise

The trend for New Zealand guest nights has continued to grow and is at a new high, Statistics New Zealand said today. "All trend series for guest nights are rising and most are also at new highs," business indicators manager Neil Kelly said.

SODA Inc. expands support to startups in the Waikato

Hamilton business incubator SODA Inc. has secured three years of funding from crown entity Callaghan Innovation’s Incubator Support Programme, enabling increased support to startups in the Waikato region.

Big increase in financial services sector complaints

Financial services providers seem to be doing a good job at resolving customer complaints says Susan Taylor, the Chief Executive Officer of dispute resolution scheme Financial Service Complaints Limited (FSCL).

Retail card spending flat in June

Retail spending using electronic cards was flat in June 2014, Statistics New Zealand said today. When adjusted for seasonal effects, retail spending was unchanged this month, following a 1.2 percent increase in May 2014.

Feedback sought on Responsible Lending Code

Consumer Affairs Minister Craig Foss is inviting feedback on the Credit Contracts and Consumer Finance Amendment Act’s Responsible Lending Code. "Rewriting our consumer credit laws was a giant leap forward for lending practices in New Zealand," Mr Foss says.

Trade mission heading to Taiwan to celebrate agreement

A 30 strong trade delegation sets off for Taiwan this Saturday, the first comprehensive such mission there since the ANZTEC free trade agreement came into force last December.

Economic recovery 'moderated a little' in June quarter

The economic recovery moderated a little in the June 2014 quarter, according to NZIER’s Quarterly Survey of Business Opinion. The moderation was widespread across indicators and sectors.

FMA issues first peer-to-peer lending licence

The Financial Markets Authority (FMA) today issued its first peer-to-peer lending service licence. Auckland-based Harmoney is the first provider of this new financial service, under the provisions of the Financial Markets Conduct Act 2013.

NZers shopping online 'anytime anyplace'

New Zealanders shopping online ‘anytime, anyplace’ on mobile devices, such as smartphones and tablets, increased significantly last year.

NZX granted exemption

Commerce Minister Craig Foss today announced he is granting a ministerial exemption to allow NZX to establish a new growth market with an alternative disclosure regime.

Hawke's Bay Regional Signature Dish on in September

The Hawke’s Bay Regional Signature Dish is a culinary event that has been run successfully by Food Hawke’s Bay for the past seven years. The event, held in September, has received fantastic support over the years, from generous sponsors, participating establishments and the dining public.

Auckland Airport aeronautical award winners announced

Auckland Airport has announced the winners of its 2014 Airline of the Year Award and 2014 Aeronautical Service Provider Award. Judy Nicholl, general manager aeronautical operations, says the annual awards recognise excellence by the service providers and airlines at Auckland Airport.

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