Number of NZ Companies on the Rise

Categories: New Zealand Finance

Over 40 000 new companies were incorporated in New Zealand this year, brinign the total number of companies to more than 500 000. The Companies Office of New Zealand has released its latest internal statistics, showing the number of new business entities registered in the country during the 12 months ending June 30th 2011. According [...]

Over 40 000 new companies were incorporated in New Zealand this year, brinign the total number of companies to more than 500 000. The Companies Office of New Zealand has released its latest internal statistics, showing the number of new business entities registered in the country during the 12 months ending June 30th 2011. According to the Companies Office, the Register of New Zealand currently lists 563 856 New Zealand companies, and during the 12 months between July 1st 2011 and June 30th ... Read More

Kiwis Saved Millions in 2011

Categories: New Zealand Finance

After nearly a decade of spending beyond their means, New Zealanders are finally saving a portion of the incomes they earn each month. On December 15th Statistics New Zealand released the latest Institutional Sector Accounts report, showing that New Zealand households have begun saving money for the first time in over a decade. The newly [...]

After nearly a decade of spending beyond their means, New Zealanders are finally saving a portion of the incomes they earn each month. On December 15th Statistics New Zealand released the latest Institutional Sector Accounts report, showing that New Zealand households have begun saving money for the first time in over a decade. The newly released statistics indicate that in the year up to March 2011, New Zealand households saved NZD 200 million more than they spent. The savings are equivalent to approximately ... Read More

OCR Unchanged at 2.5 Percent

Categories: New Zealand Finance

The Reserve bank of New Zealand has issued its latest official cash rate announcement, saying that it would be maintained at 2.5 percent. On December 8th the reserve Bank Governor Alan Bollard the quarterly Monetary Policy Statement, saying that the New Zealand Official Cash rate (OCR) will remain unchanged at 2.5 percent for another four [...]

The Reserve bank of New Zealand has issued its latest official cash rate announcement, saying that it would be maintained at 2.5 percent. On December 8th the reserve Bank Governor Alan Bollard the quarterly Monetary Policy Statement, saying that the New Zealand Official Cash rate (OCR) will remain unchanged at 2.5 percent for another four months. The OCR has not been changed since it was dropped by 0.5 percent on March 10th 2011. The Governor explained that the September OCR Statement had suggested that ... Read More

New Zealand Ranked as Least Corrupt Country

Categories: New Zealand Finance

No country in the world has lower levels of corruption than New Zealand, according to latest international research New Zealand was confirmed to be the least corrupt country in the world, in the Transparency International’s Corruption Perception Index 2011 which was released on December 1st. The report summarized an annual set of surveys and research [...]

No country in the world has lower levels of corruption than New Zealand, according to latest international research New Zealand was confirmed to be the least corrupt country in the world, in the Transparency International’s Corruption Perception Index 2011 which was released on December 1st. The report summarized an annual set of surveys and research which aim to quantify countries’ internal perceptions of corruption. On a scale of 0 (extremely high corruption levels) to 10 (no corruption levels), New Zealand was given 9.5 point, ... Read More