Business
Relationship improved
February 13, 2013 - 6:01pm
Budget date announced
February 13, 2013 - 5:52pm
Finance Minister Bill English has announced a May the 16th date for this year's budget.
English says the National Government's fifth Budget will be delivered in the face of what he calls extremely challenging global economic times.
The budget will include measures to encourage domestic and foreign investment to help stoke jobs and wage growth. ›read more
Tourism figures bounce back
February 12, 2013 - 6:11pm
Otago has bounced back from disappointing tourism figures late last year.
New figures show guest nights in the South Island rose 7.2% in December compared with November.
Otago had the largest increase of any province in the South Island.
The increase follows what has been a generally flat trend for South Island guest nights for more than a year. ›read more
Dunedin stays mostly immune from national increase in home prices
February 11, 2013 - 5:41pm
Quotable Value New Zealand figures for January show Dunedin has stayed mostly immune from a national increase in home prices.
Values nationally are up 1.5% over the past three months, and 6.2% over the past year.
But values in Dunedin have remained relatively stable, up just up 1.1% over the past three months, and 2.7% in the past year. ›read more
No investigation into Hillside contracts
February 8, 2013 - 5:31pm
The Auditor-General has ruled out an investigation of
contracts that preceded the closure of Hillside Workshops. The documents were reviewed after Dunedin South MP Clare Curran asked the body to investigate purchases of rolling stock from Chinese company China Northern. Concerns were raised about value for money and the impact on KiwiRail's Hillside facility. ›read more
contracts that preceded the closure of Hillside Workshops. The documents were reviewed after Dunedin South MP Clare Curran asked the body to investigate purchases of rolling stock from Chinese company China Northern. Concerns were raised about value for money and the impact on KiwiRail's Hillside facility. ›read more
Programme aims to help youth into work
February 7, 2013 - 5:58pm
Labour Cost Index shows mean increase the lowest since the year 2000
February 5, 2013 - 4:57pm
Salary and wage rates in New Zealand increased 1.8% in the 12 months to December.
But the latest Labour Cost Index shows the 3% mean increase for salary and wage rates is the lowest since the year 2000.
The figures have prompted a reaction from the Council of Trade Unions.
The CTU says wage increases are not doing what is necessary to raise living standards for New Zealand families. ›read more
Stadium managers come up with potential money-maker
February 4, 2013 - 6:25pm
Government figures show rising inflation
February 4, 2013 - 6:02pm
Government figures just released show rising inflation in the New Zealand economy this year.
Treasury economic indicators show the economy grew modestly in the September quarter last year.
Lower than expected inflation in the December quarter reflected the ongoing influence of a strong New Zealand dollar, falls in commodity export prices, and subdued domestic demand. ›read more
Presbyterian Support Otago gives clear warning of court action
February 1, 2013 - 6:43pm
Government attacked on immigration figures
February 1, 2013 - 6:32pm
The Labour opposition has again attacked the Government on migration figures.
Leader David Shearer says more than 53,000 New Zealanders left for Australia because of what he calls Government economic mismanagement.
He says that is the largest number of people to depart for Australia in any calendar year since records began in 1978. ›read more
High exchange rate cited as factor in closure
February 1, 2013 - 6:21pm
Retailers may benefit this year
January 31, 2013 - 6:03pm
Dunedin retailers may benefit from an expected move by New Zealanders nationally to get the plastic out of their wallets and purses, and start spending.
Kiwis are expecting to take on additional credit and increase their spending in the early part of this year.
Those are some of the findings from a Dun & Bradstreet Consumer Credit Expectations Survey for the March quarter. ›read more
Commerce Commission report provides information for consumers
January 30, 2013 - 5:53pm
A new report from the Commerce Commission on electricity distributors has provided information for consumers on how well their company is doing.
In Otago, a major distributor is lines company Aurora, owned by the Dunedin City Council.
The report says the average price per small customer connection for Aurora increased about 3% over the three years to 2011. ›read more
Cruise ship cancellation not expected to be a big issue
January 30, 2013 - 5:50pm
The cancellation of a cruise ship carrying almost 2000 people is not expected to cause too much economic pain in Dunedin.
While New Zealand basks in perfect weather, the Pacific Pearl has cancelled a Friday visit after extreme weather off Sydney.
The Dunedin Visitor Centre says despite the loss of passengers to the Dunedin tourism market, other visits mean the loss is limited. ›read more
Trade surplus the biggest since 1991
January 29, 2013 - 4:54pm
New Zealand recorded its biggest December trade surplus since 1991, as imports fell more sharply than exports.
The trade surplus was $486 million, equal to 12% of all exports.
The strong surplus helped reduce the trade deficit for the December quarter to $87 million. ›read more
Forsyth Barr Stadium may get more money
January 28, 2013 - 4:45pm
Newspaper sub-editing work set to head to New Zealand
January 24, 2013 - 4:44pm
Newspaper sub-editing work is set to head to New Zealand, after publisher Fairfax Media announced it will move the work from Australia.
The work of checking journalists' copy and laying out pages is moving as the company tries to reduce costs.
The company declined to comment on how many jobs will be created in New Zealand. ›read more
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