Tax Working Group's capital gains proposal keenly awaited
By Jenny Ruth Feb. 18 (BusinessDesk) - New Zealand is probably going to get a capital gains tax and the likely outline of how that could play out will probably be the economic highlight this week. But competing for public attention will be the gearing up of the company repo...
NZ dollar set for weekly gain after Reserve Bank surprise
By Jenny Ruth Feb. 15 (BusinessDesk) - The New Zealand dollar fell slightly on the day but is headed for a 1.2 percent weekly gain after the Reserve Bank surprised the market last Wednesday with a less dovish than expected monetary policy statement. The New Zealand dollar w...
New net migration data to remain rubbery for quite some time
By Jenny Ruth Feb. 15 (BusinessDesk) - The second month of the new net migration statistics suggests the data will be highly volatile and that at the very least, a longer build-up of history will be needed before anybody can rely on each new month’s figures. The latest rele...
Wellington Drive beats 2H sales forecast, will meet earnings guidance
By Jenny Ruth Feb. 15 (BusinessDesk) - Wellington Drive Technologies says revenue rose 36 percent in calendar 2018 and it will deliver an operating profit as promised. Revenue in the fourth quarter of US$11.9 million was 43 percent higher than in the same quarter a year ear...
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