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Business confidence signals progress

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Source: New Zealand Government

Business confidence remains very high and shows the economy is on track to improve, Economic Growth Minister Nicola Willis says.

“The latest ANZ Business Outlook survey, released yesterday, shows business confidence and expected own activity are ‘still both very high’.”

The survey reports business confidence fell eight points to +54 in January, while expected own activity eased four points to +46.

ANZ summarises the business confidence change between months as “easing, but still extremely high”.

“This is another sign that the business outlook is on the right track. I’m pleased to see businesses feel more confident about the economy,” Nicola Willis says.

“I know New Zealanders have been doing it tough. Many have suffered through a high cost of living and sky-high interest rates. 

“This survey result, along with NZIER’s this month, shows things are set to get better.

“New Zealanders are impatient for that change, and so am I. That’s why I am focused on driving economic growth to go further and faster.

“We’ve already had positive progress with inflation under control and interest rates finally coming down. The fact that firms expect an increase in their own activity is a sign of future economic growth.

“Economic growth means more and better-paying jobs for Kiwis and creates community wealth, bringing in the revenue we need to pay for the world-class infrastructure, health and education services New Zealanders deserve.

“That is where we are heading.”

MIL OSI

IMAX Rockets to Best Chinese New Year Opening with $12 Million

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Source: Media Outreach

SHANGHAI, CHINA – Media OutReach Newswire – 30 January 2025 – IMAX China set a record Chinese New Year opening day with a whopping $12 million in box office revenue, eclipsing the previous record set in 2021. Additionally, with 1.2 million admissions nationwide, IMAX achieved its highest day-one attendance in history, paving the way for a robust new year.

IMAX captured 5% of the Chinese New Year box office to date with 1% of the total screens, marking its highest percentage of first-day results ever. Notably, 7 out of the top 10 highest-grossing theaters nationwide were IMAX venues, highlighting the audience’s strong preference gravitating toward the IMAX experience.

This year’s Chinese New Year holiday is widely acclaimed as the strongest in history, with exceptional audiovisual effects recognized as a key factor in drawing audiences to theaters. Five blockbusters landed in IMAX theaters, marking the largest lineup in history, including “Creation of the Gods II: Demon Force,” featuring IMAX’s exclusive aspect ratio; “Operation Hadal,” a Filmed for IMAX title shot entirely with IMAX certified camera; “Nezha 2,” “Detective Chinatown 1900,” and “The Legend of the Condor Heroes.” With their strong IP appeal, diverse genres, and high-quality audiovisual spectacles, this robust lineup caters to a broad audience demographic, creating significant momentum for IMAX’s Chinese New Year holiday window.

Hashtag: #boxoffice #chinafilmmarket #chinafilm #Imax #ImaxChina #HK1970

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Taranaki Maunga Granted Legal Personhood

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Source: Te Pati Maori

Today marks a historic moment for Taranaki iwi with the passing of the Te Pire Whakatupua mō Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill in Parliament.

“Today, we stand together as descendants of Taranaki, and our tūpuna, Taranaki Maunga, is now formally acknowledged by the law as a living tūpuna. Its mana and mauri will forever be protected”, said Te Pāti Māori Co-Leader Debbie Ngarewa-Packer.

“For over 150 years, the grief of the Maunga’s confiscation in 1865 has carried through our whānau and iwi.

“This harm was not only an injustice but a deliberate act by the Crown to strip us of our connection, our taonga, and our mana. The impact of this muru raupatu has been felt across generations, and its mamae remain with us today.

“This Bill is a step towards restoring the balance that was lost. It reaffirms the enduring relationship between Ngā Iwi o Taranaki and our whenua, ensuring our culture, sovereignty, and identity are honoured in perpetuity.

“The Crown must now acknowledge the living, ongoing relationship we have with our whenua, with our Maunga. This is not just about the past- it is about the present and the future.

“While we celebrate this significant victory, we must not overlook the continued threats to undermine Te Tiriti o Waitangi and the ongoing attacks on te iwi Māori.

“We will not be passive in the face of these threats. Just as we have fought for the recognition of our Maunga, we will stand firm and defend our rights, our whenua, and our people with unwavering strength and conviction.

“This victory is for our tūpuna who have watched over us, for our whānau who have carried the pain, and for our mokopuna who will continue this legacy and walk in the light of our restored identity. While there is much restoration to happen, our journey of healing begins.

“Kua hoki mai te mouri o tō tātou tūpuna a Taranaki. Hoki mai e Koro, hoki mai rā e”, concluded Ngarewa-Packer.

MIL OSI

Government signs NZ up to a decade’s more pine planting – Federated Farmers

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Source: Federated Farmers

The Government’s announcement today of a 2035 climate target of a 51-55% emissions reduction has signed New Zealand up for a decade more of planting pine on productive land, Federated Farmers meat and wool chair Toby Williams says.
 “In the past, New Zealand has signed up to Paris Agreement targets that are achievable only by either paying billions of dollars for international units or planting large areas of New Zealand in carbon forestry.
“The 2030 target of a 50% reduction in all greenhouse gas emissions in just the next five years is already completely beyond reach.
“Even by 2035, as half of New Zealand’s emissions are from agriculture, a target of 51-55% is still not feasible.
 “All the target does is commit us to 10 more years of planting pines, because that’s the only way for our country to achieve such a steep reduction.” 
Williams says New Zealand’s options for achieving the climate targets are simple. 
“We can’t reduce our emissions to the extent required without trade-offs that would see New Zealand worse off.
“Treasury has estimated that the 2030 target, if we were to meet it, would cost up to $24 billion. The Prime Minister, when interviewed on Q+A with Jack Tame late last year, couldn’t commit to hitting the target, as he said it was very challenging.
“So, our only other options are to send billions of dollars overseas to buy offshore credits, or plant pine trees, destroying our iconic and world-famous landscapes.” 
Last year, the Climate Commission suggested keeping an all-gases target and at least a 50% reduction, which would mean another 850,000 hectares of land converted to forestry.
“To paint a clear picture: that’s an area five times the size of our country’s treasured Molesworth Station,” Williams says. 
“That would be devastating, forever changing the face of New Zealand.
“There is a very real risk that we could become the great pine plantation of the South Pacific – hardly something to be proud of.”
Williams says the Government needs to be setting climate targets that are realistic and achievable. 
“Mr Luxon is right now facing an unachievable target for 2030 left to him by the previous Government. 
“Signing up to an even more ambitious target for 2035 has simply created the same headache for a future Prime Minister.”
Parliament agreed in 2019 to set ‘split-gas’ targets for greenhouse gas reductions domestically. This means short-lived methane is treated differently to long-lived carbon dioxide. 
Taking this split-gas approach to our international targets would see New Zealand in a position to set more achievable targets.
“Federated Farmers wrote to Climate Change Minister Simon Watts in October last year asking for a meeting to discuss a split-gas approach to an emissions target, but we didn’t get a reply,” Williams says. 
“That’s extremely disappointing. It seems he doesn’t even want to hear our concerns for rural New Zealand, let alone understand them. It’s wilful blindness.
“We really need the Government to start setting achievable targets that don’t require huge levels of forestry, and we need the Government to use the most up-to-date science on the warming impact of methane.” 

MIL OSI

Setting New Zealand’s second international climate target

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Source: New Zealand Government

The Government has today announced New Zealand’s second international climate target under the Paris Agreement, Climate Change Minister Simon Watts says. 

New Zealand will reduce emissions by 51 to 55 per cent compared to 2005 levels, by 2035.

“We have worked hard to set a target that is both ambitious and achievable, reinforcing our commitment to the Paris Agreement and global climate action,” Mr Watts says.

“Meeting this target will mean we are doing our fair share towards reducing the impact of climate change, while enabling New Zealand to be stronger and thrive in the face of a changing climate.

“This target also brings our international and domestic climate change commitments into line, so we can focus our efforts on the actions that will make the biggest difference towards reaching our net zero 2050 target.”
“We are already laying the foundation for meaningful emissions reductions, with the potential to meet our net zero target as early as 2044. Our climate strategy focuses on strengthening New Zealand’s Emissions Trading Scheme, supporting innovative technologies to reduce agricultural emissions, and accelerating the transition to a cleaner, electrified economy – ensuring we meet our climate targets while driving economic growth.”

“This will mean greater innovation originating here in New Zealand to advance low-emission technologies that grow our economy. It will also mean industries are powered by abundant and affordable clean energy, attracting investment and boosting productivity across the country.”

The Paris Agreement is the global climate treaty which seeks to limit global warming to 1.5°C. Under the Agreement, each country sets targets for reducing its greenhouse gas emissions, known as Nationally Determined Contributions.

“New Zealand is committed to achieving its first and second Nationally Determined Contributions and is serious about playing our part to reduce the impact of climate change,” Mr Watts says.

MIL OSI

Fatal crash: Chatham Road, Flaxmere

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Source: New Zealand Police (National News)

Police can confirm one person has died following a crash on Chatham Road this afternoon.

The crash involved a car and a cyclist, and was reported to Police just before 6pm.

The cyclist sadly died at the scene.

Chatham Road is currently closed while a scene examination is conducted.

Motorists are advised to avoid the area and expect delays.

ENDS

Issued by Police Media Centre

MIL OSI

Search continues for missing 24-year-old Travis

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Source: New Zealand Police (District News)

Police are continuing the search for 24-year-old Travis, who has been missing since 17 January.

Travis travelled from Wellington to the Waikato region, where his vehicle was located burnt out on a Tolley Road farm in Ngaroma on 18 January.

Police coordinated a search of the area where his vehicle was located, utilising SAR staff. Private searches have also been carried out by family and friends.

Some personal items belonging to Travis were found during the search of the area, but there has been no sightings of Travis since 17 January.

Police would like to hear from anyone who has seen or heard from Travis since 17 January. We are also asking anyone in the wider Ngaroma area to check farm buildings, huts and any CCTV footage.

If anyone has any information that could help our enquiries, please update us online now or call 105.

Please use the reference number 250119/4439.

ENDS

Issued by Police Media Centre

MIL OSI

Auckland News – Developers Urged to Act Swiftly as Auckland Council Plans Major Development Fee Increases

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Source: WarkWorth Web

The Auckland Council is planning a considerable hike in development contributions, which are the monetary fees residential property developers pay to fund local infrastructure projects. These contributions, currently calculated over a 10-year timeframe, are proposed to be spread over 30 years, leading to significant cost increases for developers.

The average development contribution in Auckland is projected to increase from $21,000 per lot to around $50,000 per lot. In some areas, such as Tamaki, the rise is even steeper, jumping from $31,157 to $119,000 per lot. The Inner Northwest region is set to see contributions soar from $25,167 to between $89,000 and $101,000 per lot.

Troy Patchett, Director of Auckland residential development company Subdivide Simplified, expressed concern over these proposed changes. “This increase could halt housing developments. Many developers may struggle to pass these costs on to consumers, making some projects unfeasible. This could further restrict future development and worsen the housing shortage in Auckland, New Zealand’s largest and fastest-growing city,” Patchett stated.

Patchett also warned that the increased contributions could lead to fewer housing developments and place upward pressure on the value of existing properties.

He strongly advises developers to submit their council applications as soon as possible. “If you can get your applications in before March, you should only need to pay the current development contributions and avoid this increase. Don’t delay starting your development projects,” he urged.

The calculation of development contributions takes place when development applications are lodged, with this window expected to close around April.

MIL OSI

Swimwerks Launches Sponsorship for Lifeguard Training Initiative in Singapore

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Source: Media Outreach

Through this program, Swimwerks not only promotes water safety but also creates meaningful training opportunities for deserving individuals.

SINGAPORE – Media OutReach Newswire – 28 January 2025 – Swimwerks, a leading authority in swimming education and water safety, has announced the launch of its Lifeguard Sponsorship Initiative, a social responsibility program designed to elevate water safety standards across Singapore.

The initiative aims to empower up to 10 individuals with professional lifeguard training, internationally recognized certifications, and immediate job placements, addressing a growing demand for skilled lifeguards in aquatic environments.

Participants will undergo comprehensive lifeguard training delivered by industry experts. Upon successful completion, they will receive globally recognized certifications and guaranteed employment, contributing to the development of a skilled workforce dedicated to ensuring safety in aquatic environments across Singapore.

“As a trusted name in swimming education, Swimwerks is dedicated to empowering individuals with life-saving skills while addressing the growing need for certified lifeguards,” said Herron Ho, Founder of Swimwerks. “This sponsorship program represents our commitment to creating lasting value within the community by equipping individuals with the tools to build a meaningful career.”

Applications are now open for individuals who meet the swimming proficiency requirements. Anyone qualified and interested is encouraged to visit Swimwerks’ website for a detailed program information and application guidelines.

https://swimwerks.com.sg/
https://www.linkedin.com/company/swimwerks-asia-pte-ltd
https://www.facebook.com/swimwerks
https://www.instagram.com/swimwerks

Hashtag: #Swimwerks

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Chipsealing works on SH1 Te Kamo Bypass Sunday, Monday

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Source: New Zealand Transport Agency

NZ Transport Agency Waka Kotahi (NZTA) spokesperson advises chipsealing work will take place on State Highway 1 Kamo Bypass overnight on Sunday 2 February, with temporary traffic management remaining in place until contractors return to sweep and line mark overnight on Monday 3 February.

This work had been scheduled to happen earlier this month, following resurfacing works, but was delayed due to poor weather.

Between 8pm Sunday night and 5am Monday morning, the road will operate under stop/go with a 30km/h temporary speed limit in place. Between 5am and 8pm on Monday, the road will operate with a lane shift and 50km/h temporary speed limit in place to help bed in the new seal.

It’s important to slow down through newly sealed sections of road because small chips can be flicked up from the road surface and damage vehicles – especially windscreens. That’s why we often keep temporary speed limits in place even after it looks like the work has been completed. As well as safety, the temporary speed limit also helps ensure the quality of the reseal. Travelling at the posted temporary speed limit allows for the chips to be embedded into the road surface and for them to remain in place as the seal cures.

Contractors will then return to undertake sweeping and line marking between 8pm Monday night and 5am Tuesday morning under stop/go and a 30km/h temporary speed limit.

Chipsealing helps ensure a smooth, skid-resistant surface, free of potholes and slippery sections to reduce the risk of crashes and help keep everyone traveling on our roads safe.

Travel delays during these works are expected to be between 5-10 minutes.

We appreciate there may be more traffic on the roads on Monday morning as people travel to work and some schools returning for the year, and ask that people plan ahead and expect delays.

Please be patient and treat our crews with kindness and respect. Reduce your speed, adhere to the temporary speed limits and follow the traffic management directions at our work sites. 

Work is weather dependent and there may be changes to the planned works in the case of unsuitable weather. Please visit the NZTA Journey Planner website (journeys.nzta.govt.nz) for up-to-date information on these works, including any changes due to weather.

This work is part of Northland’s significant summer maintenance programme, which will see approximately 203 lane kilometres of state highway renewed across the region by the end of May.

For more information about the overall maintenance programme and planned works, visit the Northland State Highway Maintenance Programme website: https://www.journeys.nzta.govt.nz/regions/northland/roadworks(external link)    

NZTA thanks everyone for their patience while we undertake this important work to improve the safety and efficiency of our roads.

MIL OSI