Tuesday , May 21 2019
Breaking News
Home / International Customs / New Zealand (page 30)

New Zealand

Suncorp’s general NZ business posts 21% drop in 1H profit

suncorp

WELLINGTON: Suncorp Group, the ASX-listed general and life insurer whose local brands include Vero, AA Insurance and Asteron Life, posted a 21 percent drop in first-half profit from its New Zealand general insurance business as claims grew at a faster pace than premiums. The insurer’s New Zealand general insurance business reported a segment profit of A$60 million in the six ... Read More »

New Zealand beef exports to Taiwan rise in 2015

beefexports

WELLINGTON: Beef exports to Taiwan rose to a record in 2015, propelling it to the country’s third-largest beef market behind the US and China. In 2015, New Zealand’s beef exports to Taiwan jumped 36% to $188.6 million, while the volume increased 20% to 23,442 tonnes, according to Statistics NZ data compiled by the Meat Industry Association. That pushed it above ... Read More »

Auckland property values down

decreases

WELLINGTON: Cooling Auckland housing market helped slow the pace of property value growth across New Zealand as regulatory curbs imposed last year continue to dent investor demand in the country’s biggest city. The average value of a New Zealand home rose almost 13 percent to $556,206 in January from a year earlier, slowing from a 14 percent annual increase in ... Read More »

Air New Zealand to invest $25 mln improving Queenstown flights

air nz

WELLINGTON: Air New Zealand passengers should be facing less disruption flying in and out of Queenstown Airport following a $25 million plan. The national carrier announced on Thursday evening it will fit its 68-seat ATR turboprop fleet with new navigation technology. Known as Required Navigation Performance (RNP AR) technology it enables specially trained pilots to fly to lower altitudes with ... Read More »

Pipfruit New Zealand expects to hit $1 bln in exports early

pipfruit

WELLINGTON: Export apple returns have increased by 105 percent in the past four years from $341 million in 2012 to an estimated $700 million this season. Pipfruit New Zealand chief executive Alan Pollard said 2022 was the target for a billion dollars in export returns but it now looked like that would be achieved by 2020. He said growth would be ... Read More »

New Zealand honey exports soar 41% to new record in 2015

HONEY

WELLINGTON: New Zealand honey exports soared 41 percent to a new record last year as the country benefited from demand for high-value manuka honey. The value of honey exports jumped to $285 million in 2015 from $202 million in 2014, according to the latest Statistics New Zealand data. The country’s honey exports have surged from just $36 million a decade ago, ... Read More »

New Zealand dollar heads 1.4% fall

FALL

WELLINGTON: The New Zealand dollar is heading for a 1.4 per cent fall on a trade-weighted basis this week after the Reserve Bank’s acceptance that it may have to cut rates and Fonterra Co-operative Group’s downgraded forecast for the farmgate payout this season eroded investors’ appetite for the kiwi. The trade-weighted index fell to 71.05 at 5pm yesterday from 72.08 ... Read More »

New Zealand imports rise to record high last year

imports

WELLINGTON: New Zealand imports rose to a record high last year as a decline in the value of the currency pushed up values. The country’s imports increased 2.5 per cent to $52.53 billion compared with the year earlier, according to data from Statistics New Zealand. Annual exports slid 2.2 per cent to $49 billion. The annual trade deficit widened to ... Read More »

New Zealand wine exports reach record $1.5 bln high for 2015

WINE EXPORT

WELLINGTON: New Zealand wine exports have reached a new record high of $1.54 billion for the 2015 year, up 14% on 2014 according to New Zealand Winegrowers.  New Zealand wine exports have reached a new record high of $1.54 billion for the 2015 year, up 14% on 2014 according to New Zealand Winegrowers. ‘The new record level of wine exports ... Read More »

New Zealand imports rise to record high in 2015

imports

WELLINGTON: New Zealand imports rose to a record high last year as a decline in the value of the currency pushed up values. The country’s imports increased 2.5% to $52.53 billion compared with the year earlier, according to data from Statistics NZ. Annual exports slid 2.2% to $49 billion. The annual trade deficit increased to $3.55 billion from $1.18 billion in ... Read More »

New Zealand shares rise slightly

nz1

WELLINGTON: The New Zealand share market managed to eke out a small gain on Wednesday, rising 6.28 points or 0.1% to close the session at 6148.43. Accounting software firm Xero (XRO.NZ) was among the day’s gainers, rising 1.19% to NZ$17.00. Gas and electricity distributor Vector (VCT.NZ) was also up, gaining 2.21% to NZ$3.24; while fellow energy company Meridian Energy (MEL.NZ) ... Read More »

Air New Zealand signs deal with STA Travel to boost revenue

agreementasigns

WELLINGTON: Air New Zealand has signed a three year partnership with STA Travel to boost revenue and promote inbound tourism to the youth and student market. The deal will focus on generating sales using  STA Travel’s global distribution network in the priority markets of New Zealand, Australia, United Kingdom, North America and Asia. Air New Zealand chief sales and commercial ... Read More »

New Zealand export log prices jump

jump

WELLINGTON: New Zealand export log prices jumped higher this month, as falling oil prices pushed down shipping rates while a decline in the kiwi dollar made the country’s goods more attractive to overseas buyers. The average wharf-gate price for New Zealand A-grade logs rose to $115 a tonne in January, from $104 a tonne in December, according to AgriHQ’s monthly ... Read More »

New Zealand wine exports increase 8.5% in volume

importexports

WELLINGTON: Continued strong growth in export demand for New Zealand wine is rapidly depleting inventories after a light 2015 harvest. Rabobank’s latest wine quarterly showed export volumes increased 8.5% in volume and 13.1% in value over the 10 months to October 2015. Average export prices have edged up in all major markets since the harvest, despite growth in bulk wine ... Read More »

New Zealand govt confirms date for TPP signing

agreementasigns

WELLINGTON: Ministers from 12 nations are to gather in Auckland next month to sign the disputed Trans-Pacific Partnership (TPP) trade deal, New Zealand Trade Minister Todd McClay confirmed Thursday. The New Zealand government had issued invitations to ministers of the participating nations to a signing event on Feb. 4, McClay said in a statement. “Signature will mark the end of ... Read More »

Pacific trade pact signing to take place in Auckland on Feb

Part-HKG-Hkg10215177-1-1-0

SYDNEY: New Zealand said Thursday it will host a signing ceremony for the Trans-Pacific Partnership pact in Auckland on Feb. 4 ahead of the implementation of one of the world’s largest free trade zones. “New Zealand has issued invitations to TPP ministers to sign the agreement in Auckland,” trade minister Todd McClay said in a statement. “Signature will mark the ... Read More »

New Zealand sheepmeat exports hit 15-year high

sheepmeat export

WELLINGTON: Sheepmeat exports from New Zealand during November 2015 reached their highest level for the month since 2000, according to AHDB. Overall volumes shipped in the month were up nearly a quarter on the previous year at 27,400t, AHDB found. This is the highest level shipped for November in 15 years. Volumes to China were up by 19% at 10,200t, ... Read More »

New Zealand Treasury chief appreciates China’s role in AIIB

bank

WELLINGTON: The head of the New Zealand Treasury on Monday praised China’s contribution to the setting up of the new Asian Infrastructure Investment Bank (AIIB). Treasury Secretary Gabriel Makhlouf, who is New Zealand’s AIIB director, said it was in New Zealand’s interests to support infrastructure that led to stronger growth in the region. New Zealand was the first OECD (Organization ... Read More »

New Zealand dollar may fall in this week

nz dollar

WELLINGTON: The New Zealand dollar may fall this week on concern about the impact on the local economy of slower Chinese growth, weak dairy prices and low inflation. The kiwi may trade between 63 US cents and 66.50 cents this week, according to a BusinessDesk survey of eight currency analysts. Five expect the local currency to decline while three pick it ... Read More »

SBS Bank cuts three year home loan rate

sbs bank

WELLINGTON: SBS Bank has cut its three year ‘special’ home loan rate. The new rate is 4.65%, representing a reduction of -14 bps. That means SBS Bank now offers the lowest three year carded rate in New Zealand. The new rate will be available from Monday, January 18, 2015. At this time they have changed no other mortgage rates. SBS ... Read More »