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With 9,424 extra arrivals for the 12 months to the end of March, Germany has overtaken Japan to become New Zealand’s fifth largest visitor market.
By Ric Spooner (Chief Market Analyst, CMC Markets)
Visitor arrivals to New Zealand in March 2014 were affected by the later timing of Easter, and later school holidays in some key source countries, Statistics New Zealand said today. The number of visitors in March
(253,600) was down 6 percent from last year.
Almost 300 tourism and travel buyers from around the world will converge on Auckland next month to attend TRENZ 2014, eager to discover what new and exciting tourism products New Zealand has to offer consumers in their home markets.
CURRENCY: Global PMIs are expected to show a benign environment conducive to a continued drift into "carry trades". The AUD could be the outperformer if ANZ’s above consensus CPI expectation eventuates.
A Horizon Poll commissioned by the Financial Services Council shows KiwiSavers support removing the annual $521 members tax credit (MTC) to fund lower KiwiSaver fund tax rates.
$288,000 benefit from lowering tax on savings interest:
The Government’s decision to "reprioritise" scarce labour inspector resources by abandoning the enforcement of Easter Sunday Shop Trading laws means workers can kiss goodbye to a guaranteed day off, says Labour’s Associate Labour Issues spokesperson Darien Fenton.
The Supreme Court of New Zealand has given the green light for three out of four new salmon farms in Marlborough. The new farms represent the first new space to be allocated for salmon for over twenty years.
By Michael McCarthy (Chief Market Strategist, CMC Markets)
The Government is handing out temporary work visas to migrants to work in jobs that could easily be filled by unemployed Kiwi workers in the Christchurch rebuild, says Darien Fenton, Labour’s Associate Immigration spokesperson.
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