The Government's looming partial backdown on recently announced migration limits points to the folly of lazy policy formulated through opinion polls and public reaction

Tweet Image sourced from Shutterstock.com By David Hargreaves Well, let’s wait and see what the Government announces, but the news it is planning some sort of backdown on planned changes to the skilled migrant settings announced only in April, is I think, hugely disappointing. The Government will presumably valiantly claim it is not u-turning and it will probably also try …

Business lobby supports govt backdown on immigration

The New Zealand Manufacturers and Exporters Association (NZMEA) has come out in favour of the government’s possible backtrack on immigration changes.In April, Immigration Minister Michael Woodhouse unveiled a ‘Kiwis first’ immigration…

Super Fund retains A+ for responsible investment

The New Zealand Superannuation Fund scored an A+ rating for governance and strategy around responsible investment for the third year in a row in the latest benchmarking report from the United Nations-supported Principles for Responsible…

Waikato-Tainui nearly doubles annual profit

Waikato-Tainui nearly doubled its annual net after-tax profit from $72.8 million last year to $137.8m in the latest period, partly due to gains on its property portfolio, accounts show.Waikato-Tainui’s Waikato Raupatu Lands Trust…

Roger J Kerr says the NZ dollar has surged as a result of the Reserve Bank of Australia's missteps; higher exchange rate puts pressure on RBNZ

Tweet Image sourced from Shutterstock.com By Roger J Kerr The art of central banking revolves around understanding in advance how the financial markets will react to any statement/report that is produced. Over recent weeks the Reserve Bank of Australia (RBA) has failed that first principle of monetary policy management. In sending an unqualified message to the markets that the long-term/equilibrium …

Roger J Kerr questions how long squeezed margins can continue for our three mobile service providers; markets will be watching RBNZ inflation forecasts closely

Tweet Image sourced from Shutterstock.com By Roger J Kerr There was a surprise in last week’s 0.0% inflation numbers for the June that no-one picked. The significant reduction in communication prices has continued over the last 12 months, and as the chart below depicts these price decreases appear to be the only factor keeping annual inflation so low. The question going …

Housing rents have plateaued in Auckland and are declining in Christchurch, rising in Wellington, regions starting to cool, says Trade Me Property

Tweet The median asking rent for rental properties advertised on Trade Me Property has not changed in the last six months. Trade Me’s Head of Property Nigel Jeffries, said the national median rent for homes advertised on the website was $450 a week in June, unchanged since the beginning of the year. However it was up 4.7% compared to June …

National promises $600m for housing infrastructure investment alongside private sector for projects to be owned by SPVs, repaid through targeted rates and volumetric charges; Labour says this was its policy from 2015

Tweet The government has set up an investment company to encourage building of user-pays trunk infrastructure in Auckland in an effort to speed up certain road and water pipe construction for new housing developments. Finance Minister Steven Joyce and Local Government Minister Anne Tolley announced the creation of Crown Infrastructure Partners over the weekend as a vehicle for government to co-invest up …