A private sector group has been formed to advise the New Zealand Government on the requirements associated with the creation of an international funds service industry in New Zealand. In a media statement on April 6th Gerry Brownlee, New Zealand Minister of Economic Development, announced the formation of the International Fund Services Development Group (IFSDG), a Government endorsed private-sector body charged with advising the Government on the establishment of a international funds service industry and turning New Zealand into a attractive funds ... Read More

The box-office hit Avatar has attracted in excess of NZD307 million to the New Zealand economy during the time of its filming in the country. According to a press release issued by Gerry Brownlee, Economic Development Minister of New Zealand, on January 24th, the award winning film delivered millions of dollars in expenditure to the economy. He claimed that this boon would not have been possible without the government’s Large Budget Screen Production Grant (LBSPG) scheme, from which Avatar has already received NZD44.69 ... Read More

In a speech made by Gerry Brownlee, New Zealand Energy Minister, on November 18th, it has been made clear that the New Zealand Government is actively setting its sights on the petroleum and gas industry to help fix its budget deficits. Gerry Brownlee made comment about oil being New Zealand's third largest export in 2008, netting NZ$2.8 billion. He also said that the industry is experiencing heavy expansion with exploration projects being carried out in numerous possible fields across New Zealand. If conservative ... Read More