Sep 30, 2008
From the 1st of October, individual tax level faced by New Zealanders will be lowered. This is the first of the three tax cuts put forward by Finance Minister Michael Cullen. The effect of this will be most felt with those in the $38,001 – 40,000 taxable income bracket, with a drop from a tax [...]
From the 1st of October, individual tax level faced by New Zealanders will be lowered.
This is the first of the three tax cuts put forward by Finance Minister Michael Cullen. The effect of this will be most felt with those in the $38,001 - 40,000 taxable income bracket, with a drop from a tax rate of 33% to 21%. Earners in the $14,001 - 38,000 bracket will see no change, while $9,501 - 14,000 will see a drop of 8.5% to a ... Read More
Sep 29, 2008
The 21st to the 23rd of September saw the Asia Offshore Association conference come to Hong Kong. The Conference consisted of 100 delegates from over different 20 countries, Abaconda Management Group was present with two delegates. The keynote speaker for the event was David O’Rear, Chief Economist of Hong Kong General Chamber of Commerce. Other [...]
The 21st to the 23rd of September saw the Asia Offshore Association conference come to Hong Kong.
The Conference consisted of 100 delegates from over different 20 countries, Abaconda Management Group was present with two delegates. The keynote speaker for the event was David O'Rear, Chief Economist of Hong Kong General Chamber of Commerce. Other international speakers came from Austria, Hong Kong, Italy, Austria, Seychelles and USA.
Topics at the Asia Offshore Association Conference included banking and investments in globalized economy especially in Asia-Pacific ... Read More
Sep 25, 2008
Latest figures have officially confirmed the recession in New Zealand. Figures released on the 26th of September show a GDP shrink of 0.2 percent for the June quarter of 2008. Combined with the March quarter drop of 0.3 percent, the technical definition for an economy in recession, two consecutive quarters of economic falls, has been [...]
Latest figures have officially confirmed the recession in New Zealand.
Figures released on the 26th of September show a GDP shrink of 0.2 percent for the June quarter of 2008. Combined with the March quarter drop of 0.3 percent, the technical definition for an economy in recession, two consecutive quarters of economic falls, has been met.
The cause of the second quarter of contractions has been pinned to tightened credit conditions, lowered domestic spending and a draught affected agricultural industry. It has been ... Read More
Sep 23, 2008
The New Zealand Stock Exchange (NZX) have issued a statement saying that they will not be following the Australian Stock Exchange(ASX) in banning short selling of stock. The Australian Securities and Investments Commission (ASIC) banned all forms of short selling on the 19th of September, widening the previous ban on “naked” short selling to include [...]
The New Zealand Stock Exchange (NZX) have issued a statement saying that they will not be following the Australian Stock Exchange(ASX) in banning short selling of stock.
The Australian Securities and Investments Commission (ASIC) banned all forms of short selling on the 19th of September, widening the previous ban on “naked” short selling to include “covered” short selling also. While this action was a response to the turmoil caused on the ASX by naked short selling, the NZX does not see enough short ... Read More
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