Business Update – 17 January 2024

Business Update – 17 January 2024

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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Small business law change round-up

A new government means some changes to laws. MBIE summarises some of the important updates for small businesses.

Influx of international visitors’ boosts New Zealand tourism industry

With sunny days forecast and plenty of customers ready and willing to book, tourism businesses say summer is off to a cracking start.

Five key risks to economy this year, ASB says

Persistent inflation, fiscal policy, population growth, the housing market and global tensions present the major challenges to New Zealand’s economy this year, ASB says.

Auckland jobs growth fuels nationwide workforce boost

New employment numbers show more jobs were filled in November 2023 than in the month before. Stats NZ data showed an increase of 0.1 percent – 1324 jobs – across all industries in November compared to October, taking the total number of jobs filled to 2.39 million.

Longer shipping times to NZ expected as companies avoid Red Sea

Goods being shipped from the UK and Europe to New Zealand may face delays of up to five weeks as freight ships are re-routed in the Red Sea.

Australian company says it’s made biggest New Zealand gold discovery in decades

Australian Stock Exchange-listed company Santana Minerals is telling its investors swathes of high-grade gold could rest beneath the remote farmland between the Bendigo and Dunstan Ranges in Central Otago.

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