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NZIER’s QSBO shows further drop in business confidence and demand – Quarterly Survey of Business Opinion, October 2018

By   /  October 10, 2018  /  24/7 News, Business, Economy, KB, New Zealand Institute of Economic Research, Private Sector  /  Comments Off on NZIER’s QSBO shows further drop in business confidence and demand – Quarterly Survey of Business Opinion, October 2018

Source: New Zealand Institute of Economic Research 02 October 2018 The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows a further deterioration in business confidence. A net 28 percent of businesses expect economic conditions to worsen – the lowest level since March 2009. Firms’ own domestic trading activity is a better indicator of GDP growth than […]

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Gender pay-gap expert Professor Gail Pacheco receives NZIER Economics Award for 2018

By   /  October 10, 2018  /  24/7 News, Business, Economy, KB, New Zealand Institute of Economic Research, Private Sector  /  Comments Off on Gender pay-gap expert Professor Gail Pacheco receives NZIER Economics Award for 2018

Source: New Zealand Institute of Economic Research 29 August 2018 The NZIER Economics Award for 2018 was presented to Professor Gail Pacheco of the Auckland University of Technology at NZIER’s AGM & dinner on 28 August 2018. Gail has made a huge contribution to economics in New Zealand over many years and her work stands […]

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NZIER expects growth to remain reasonably solid, Quarterly Predictions – June 2018

By   /  October 10, 2018  /  24/7 News, Business, Economy, KB, New Zealand Institute of Economic Research, Private Sector  /  Comments Off on NZIER expects growth to remain reasonably solid, Quarterly Predictions – June 2018

Source: New Zealand Institute of Economic Research 30 May 2018 The New Zealand economic outlook remains positive even as population growth continues to slow, as detailed in the latest NZIER Quarterly Predictions. NZIER forecasts annual growth in GDP per capita to lift to around 2 percent by 2022.  “Although businesses remain downbeat in the wake […]

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NZIER’s QSBO shows businesses gloomy as costs rise and profitability gets squeezed, Quarterly Survey of Business Opinion – April 2018

By   /  October 10, 2018  /  24/7 News, Business, Economy, KB, New Zealand Institute of Economic Research, Private Sector  /  Comments Off on NZIER’s QSBO shows businesses gloomy as costs rise and profitability gets squeezed, Quarterly Survey of Business Opinion – April 2018

Source: New Zealand Institute of Economic Research 10 April 2018 The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows businesses continue to expect a deterioration in economic conditions over the coming months. Business confidence had fallen sharply in the December 2017 quarter in the wake of the new Labour-led Government taking office, and this pessimism has […]

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Social Investment – A New Zealand Policy Experiment

By   /  October 10, 2018  /  24/7 News, Business, Economy, KB, New Zealand Institute of Economic Research, Private Sector  /  Comments Off on Social Investment – A New Zealand Policy Experiment

Source: New Zealand Institute of Economic Research 06 December 2017 The Social Investment Approach – a combination of big data, client segmentation  and different ways of governing how social services are delivered  – is an important new development underway. Jonathan Boston (VUW)  and Derek Gill (NZIER) are the editors of an important new book “Social […]

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Different name, same stuff – LuxStyle becomes Digital Sourcing

By   /  July 13, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Different name, same stuff – LuxStyle becomes Digital Sourcing

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Different name, same stuff – LuxStyle becomes Digital Sourcing The Commerce Commission is alerting the public to be wary when browsing for products online on sites operated by Digital Sourcing, formerly known as LuxStyle, a company based in Denmark.

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Prolific online sellers beware – fine for failing to disclose ‘in trade’ status

By   /  July 11, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Prolific online sellers beware – fine for failing to disclose ‘in trade’ status

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Prolific online sellers beware – fine for failing to disclose ‘in trade’ status A Palmerston North man has been fined $5,000 on three charges under the Fair Trading Act for failing to disclose his trader status when selling items on the internet, and for selling an […]

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Need for speed: a look at the evolution of NZ broadband performance over the past decade

By   /  July 5, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Need for speed: a look at the evolution of NZ broadband performance over the past decade

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Need for speed: a look at the evolution of NZ broadband performance over the past decade The Commerce Commission has published a paper looking at the past decade of broadband performance testing, ahead of the first round of information to be released by our new independent […]

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Statement of Preliminary Issues released for Goodman Fielder/Lion yoghurt merger

By   /  June 28, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Statement of Preliminary Issues released for Goodman Fielder/Lion yoghurt merger

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Statement of Preliminary Issues released for Goodman Fielder/Lion yoghurt merger The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Goodman Fielder New Zealand Limited (Goodman Fielder) for clearance to acquire assets related to the manufacture and distribution of ‘Yoplait’ branded […]

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Commission charges water filter company over its water softening claims

By   /  June 26, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Commission charges water filter company over its water softening claims

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Commission charges water filter company over its water softening claims HRV Clean Water Limited (HRV) has pleaded guilty to 11 charges laid by the Commission for the unsubstantiated (unproven) or misleading claims HRV made about the benefits of its water filters and about the quality of […]

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Goodman Fielder seeks clearance to acquire ‘Yoplait’ yoghurt business from Lion

By   /  June 22, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Goodman Fielder seeks clearance to acquire ‘Yoplait’ yoghurt business from Lion

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Goodman Fielder seeks clearance to acquire ‘Yoplait’ yoghurt business from Lion The Commerce Commission has received a clearance application from Goodman Fielder New Zealand Limited to acquire assets related to the manufacture and distribution of ‘Yoplait’ branded yoghurt in New Zealand from Lion – Dairy & […]

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Commission concerned Fonterra’s risk estimate is too low when calculating milk price

By   /  June 14, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Commission concerned Fonterra’s risk estimate is too low when calculating milk price

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Commission concerned Fonterra’s risk estimate is too low when calculating milk price The Commerce Commission has released an emerging view that Fonterra’s estimate of risk in calculating the cost of financing milk processing operations is too low. The impact of this is that Fonterra calculates a […]

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Christchurch vehicle financier warned over concerns about agent’s lending conduct

By   /  June 11, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Christchurch vehicle financier warned over concerns about agent’s lending conduct

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Christchurch vehicle financier warned over concerns about agent’s lending conduct The Commission has issued a warning to Dealer Finance Limited (DFL), a Christchurch-based motor vehicle finance lender, after an investigation into its compliance with obligations under the lender responsibility principles under the Credit Contracts and Consumer […]

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Commission alleges irresponsible lending by payday lender Ferratum

By   /  June 1, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Commission alleges irresponsible lending by payday lender Ferratum

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Commission alleges irresponsible lending by payday lender Ferratum The Commerce Commission has commenced High Court proceedings against payday lender Ferratum New Zealand Limited (Ferratum) under the Credit Contracts and Consumer Finance Act 2003 (CCCFA) over alleged breaches of the lender responsibility principles.

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Authorisation application received from Infant Nutrition Council

By   /  May 25, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Authorisation application received from Infant Nutrition Council

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Authorisation application received from Infant Nutrition Council The Commerce Commission has received an application from the Infant Nutrition Council Limited (INC) seeking authorisation for an arrangement allowing the INC to restrict its members from marketing formula products for children aged up to 12 months.

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Reminder to businesses about ‘Made in New Zealand’ claims

By   /  May 14, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Reminder to businesses about ‘Made in New Zealand’ claims

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Reminder to businesses about ‘Made in New Zealand’ claims The Commerce Commission is reminding all businesses that any ‘Made in New Zealand’ claims they make about their products must be accurate, able to be substantiated and must not mislead consumers about the country of origin.

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Additional scrutiny ahead of Transpower’s price-quality path application

By   /  May 11, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Additional scrutiny ahead of Transpower’s price-quality path application

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Additional scrutiny ahead of Transpower’s price-quality path application An independent verifier has been appointed to scrutinise key components of Transpower’s proposal for its price-quality path for the 5 years from 2020 ahead of it being submitted to the Commerce Commission for approval. 

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Open letter to better understand emerging technologies in monopoly parts of electricity sector

By   /  May 9, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Open letter to better understand emerging technologies in monopoly parts of electricity sector

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Open letter to better understand emerging technologies in monopoly parts of electricity sector The Commerce Commission has written an open letter outlining its intention to gather information from regulated electricity distributors to better understand how they are planning, investing and accounting for emerging technologies.

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Commission lays charges against Vodafone for its FibreX broadband advertising

By   /  April 13, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Commission lays charges against Vodafone for its FibreX broadband advertising

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Commission lays charges against Vodafone for its FibreX broadband advertising The Commerce Commission has laid 27 charges under the Fair Trading Act against Vodafone New Zealand Limited (Vodafone) for engaging in false and misleading conduct in relation to its FibreX broadband service.

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Independent report on how Fonterra estimates risk in setting milk price

By   /  April 11, 2018  /  24/7 News, Business, Commerce Commission, Consumer Issues, Press Release, Private Sector  /  Comments Off on Independent report on how Fonterra estimates risk in setting milk price

MIL OSI – Source: Commerce Commission – Release/Statement Headline: Independent report on how Fonterra estimates risk in setting milk price The Commerce Commission has released an independent report into whether Fonterra’s approach to estimating risk in calculating the cost of financing milk processing operations is consistent with competitive market outcomes.

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