Nats: economic failures

Written By: - Date published: 10:57 am, September 12th, 2012 - 30 comments
Categories: Economy - Tags:

Fresh from having to delay the sale of Mighty River for 6 months because of sheer incompetence and on the back of hundreds of jobs losses in our largest employing sector – manufacturing – Key went overseas to boost our exports. His Russian FTA talks were a dismal failure (wonder why) and, now, he’s re-heating a failed attempt to boost tourism.

Key, remember, took the Tourism portfolio because he was such an amazing deal-maker that he would get the sector growing. 22 months ago today, he announced a plan to boost Japanese tourism. Today, he’s doing it again. How’s it working out?

A 34% fall in Japanese tourist numbers under Key. It’s not restricted to Japan and, to be fair the decline in real terms in tourism revenue started in 2004 and has fallen 24% in real terms since then (14% since 2008). But Key took the role because he’s supposedly so awesome that he could turn things around. He’s done exactly the opposite.

Now, Key’s criticising Australia – the place that 1,000 Kiwis are week are fleeing to because, for the first time in 20 years, unemployment is lower there then here. He says it has ‘Dutch Disease’ – the economic condition where spending up big on the back of a boom in exports of a commodity raises the exchange rate and kills the rest of the export economy, leaving the economy hollowed out when the boom ends. Of course, New Zealand has dairy Dutch Disease. And government policy is to make us more dependent on boom-bust commodities by intensifying dairy and hydrocarbon extraction – just like Australia.

30 comments on “Nats: economic failures ”

  1. Has anyone done a follow up of Oram’s article ‘The Jig is Up’ from Sept 9 SST?
    He reports on Geoff Bertrams research that shows (roughly) the electricity SOEs (and the two privatised ones) have acted as a cartel and jacked up their asset valuations and power prices 100% over their value, and also scored a $500 million windfall profit from the ETS.
    Where is Labour’s comeback on asset sales promising to renationalise and put all these SOEs back into one Electricity system and stopping this rent rort?
     

    • grumpy 1.1

      News for you…..they have always jacked up their Asset valuations…….ever since generators and networks were allowed to price based on return on assets……

      • vto 1.1.1

        Being able to price on asset valuations is one of the biggest ripoffs ever.

        Ever parked in an airport carpark? Biggest lying cheating rorting ripoff on the planet. Do you know it costs the same to rent a room for a human to live in as it does to park a car on the asphalt? And that sums it up. Just gotta make sure that, likewise, that social contract thing is all ripped up as well when attending airports – ensure the cost is returned elsewhere on airport property.

        Same thing with dumping rubbish. Do you know in Chch it costs more to dump rubbish per kilo than it does to plant, grow, tend, harvest, package, freight, market and sell potatoes per kilo? Just gotta make sure that, likewise, that social contract thing is ripped up as well when attending rubbish dumps – ensure the cost is returned elsewhere on rubbish dump property (which, ironically, is pretty fucking difficult).

        Fuck the fuckers who fuck ya.

  2. vto 2

    Key, the wonderkid, is steadily being exposed as a one-trick-wonder. And that one trick was gambling other people’s money on money trading. Such an admirable role..

    He has since proved useless. Can somebody name something he has achieved since gaining office?

    I seen this before in people – success at something leads them to believe they will be a success at near everything. Then as time tootles, it becomes clear that they can’t do any other thing. Should have stuck to what they did before.

    Key should go back to being a money-changer.

  3. Lanthanide 3

    I suspect the CHCH and Japanese earthquakes in 2011 both have impacted on Japanese tourism in particular.

    • Lightly 3.1

      the job of being minister isn’t about just pointing out all the challenges you face. It’s doing thing about them. Sure, those are big challenges but what has Key done to overcome or mitigate them?

      • Lanthanide 3.1.1

        How do you know that he hasn’t done a lot and that without all the things he’s done the numbers would be a lot lower?

        There’s not really a lot the minister of tourism of small country like NZ can really do in the face of massive disasters like that.

        • fatty 3.1.1.1

          I’m pretty sure that if we are going to use the earthquake as an excuse (again)…then we can balance it out with the rugby world cup. The RWC came at the perfect time, in the aftermath of the quake and effectively mitigated any negative effects that the quake may have had on our tourism industry.
          No minister of tourism will get another opportunity like the RWC. Japan was involved, and its a corporate sport in Japan. If we still have had a drop with the RWC, then he is a shit tourism minister.

  4. Tracey 4

    cycleway anyone???

    Didn’t Putin favour a cycleway from Vladivostok to Cape Reinga with a bridge to boot???

  5. insider 5

    Ausralia has seen similar results http://www.tourism.jp/statistics/xls/JTM_outbound20120905.eng.xls

    The japanese are more going to Asia it seems

  6. Kevin84 6

    Perhaps the Japanese followed David Shearer’s and Russell Norman’s advice – to stop sending money going offshore.

    Apparently sending money offshore is terrible, so clearly the Japanese are following sensible advice and not sending their yen off shore by coming here as tourists. By staying in Japan they spent their money at home – which is good ; instead of some foreign NZers rorting them when they come here.

    More countries should strengthen their economies by not sending their money offshore. Aussies should stop coming here as tourists and should stop buying our exports, as they both involve hard earned Aussie dollars going offshore to NZ, and that as we all know is a bad thing. Likewise Poms, Yanks, the Chinese, French, Germans etc…

    If they stop sending their money offshore by coming here as tourists and instead toured their own countries then the global economy will improve. If foreigners stopped buying our exports – thus sending money offshore to NZ, then their economies will improve.

    Its simple logic. I can see why David and Russell sensibly support it.

    • bbfloyd 6.1

      Nice try kevvie, but I’m afraid overcooked sarcasm has been rather worn out for a while now…..Maybe if you didn’t try to be so Cecil B De Mille about it next time you could be amusing…

      • Colonial Viper 6.1.1

        Apparently Kevin84 doesn’t understand that Japan, the first example he uses, built up a massive manufacturing export industry based on having a rock bottom low yen.

        Japan then used that strategy to accumulate massive foreign account surpluses. On a net basis, Japan sucked in currency from the rest of the world, and spent relatively little except for energy and raw materials.

        My opinion of Kevin84 is that he is a devious twisty untrustworthy little shit, trying to miseducate people about the true dynamics of the world economy.

        I doubt that he’s even a NZer at heart.

        And how our leaders are letting billions in wealth get pumped out of NZ unnececssarily.

        • Poission 6.1.1.1

          Japan has a high internal surplus in the banks due to high savings rates.This allows fully liquid Japanese banks to invest in both short and long offshore havens such as AUS and NZ,Whilst they do take long positions,a substantial amount is in arbitrage ( cash and carry)

          The counter-cyclical cash and carry flows are the forcing that has introduced instability into the FOREX and why policy needs to be addressed eg Bollard AUG 2012.

          In a globalised world, big players lowering their domestic interest rates, whether by QE or
          any other tool, will (all else equal) tend to promote capital flows to other countries and
          appreciation of their exchange rates. As a small open economy, New Zealand has often seen
          the effects of carry trades on the exchange rate. This can be distortionary and problematic,
          because an economy relies on its exchange rate as a signalling price.

          The exporters council has released a discussion paper on the issues,which is a little naive in its analysis,but it is a start,the general issues as identified are.

          Concerns in respect to monetary policy settings have, over time, generally focused on four broad issues.

          1 How to support monetary policy achieving and maintaining price stability without the need to raise interest rates substantially – i.e. the need for monetary policy to “have mates”

          2 Issues associated with the Reserve Bank’s sole focus on achieving and maintaining price stability, and the reasons, if any, for having multiple objectives for the Reserve Bank. e.g. employment, growth or other objectives

          3 Dealing with an over (or under) valued currency

          4 Dealing with volatility in the value of the $NZ.

          It also cites Bollards paper

          The Governor’s paper clearly indicates that there are no easy options or silver bullets and underlies the importance of examining policy tools and their implications from a wide range of perspectives. The danger with meddling with the Reserve Bank Act (or other Acts in response to short-term problems) needs to be clearly understood. It is important that any new tool is appropriate to the situation.

          Indeed the knee jerk policy responses as seen only seem to have negative feedbacks,that have increased instability and reduced confidence as a whole in NZ.

          http://www.exportnz.org.nz/__data/assets/pdf_file/0007/54970/Monetary-Policy-Issues.pdf

        • Kevin84 6.1.1.2

          Great, Japan has built up a manufacturing base that required a low resource country to pay far higher food, oil and raw material imports than they would have had they not dicked around with the Yen. I’m sure low-income Japanese loved that on top of tariffs on rice imports, nothing like making the working poor pay more for food; just like how British Tories just loved the Corn-laws, it protected their farming profits and thus their landed-estates, and of course kept food prices high for the poor. Thank good Cobden, Ricardo and Gladstone told them where to shove it.

          I do like how China is keeping the Yuan devalued. It’s like a 15% foreign aid give away in our favour. Because we can get clothes, IPads, IPods, and now even cars at a rate lower than we would have, now many of us have more to spend elsewhere. If I can save $60 on my next Smartphone because of the low Yuan, I can spend that extra left over $60 at my local hairdressers or buy tickets to an All Black game. I can have my Smartphone and tickets to the game. But with a higher Yuan then I may only have my Smartphone, and may have to miss out on the game; so I’m less wealthy overall and local business misses out as well.

          You have to feel sorry for the Chinese though, a low income country where the government keeps your currency down so it’s harder to import NZ baby formula, lamb, beef, milk or even visit NZ as your currency is kept low. You can see why many want China to appreciate their currency, if they did, perhaps far more Chinese can come to NZ and improve out tourism intake, or buy more of our exports, but unfortunately, that manufacturing fetish that so many Chinese leaders have means the Chinese people will just have to go without, as will NZ exporters as the demand for our exports is lowered by a silly manufacturing obsession.

          I can’t wait for Pitcairn to go for a robust manufacturing sector. They will show the world how it’s done; as every country needs a strong manufacturing sector… no matter how small. Boeing and Airbus watch out, Pitcairn is on the march!

          • Colonial Viper 6.1.1.2.1

            Oh I agree mate.

            If you still have a job and are earning good money in NZ, you can buy cheap foreign made shit to your hearts content with our strong NZD.

            You simply do it at the cost of local industry and local jobs. But what the fuck do you care about that if you are in a position of economic privilege?

            • Kevin84 6.1.1.2.1.1

              So I should only buy goods made in NZ? Allow me to extend your logic further. If Canterbury wants to rebound from the quakes, then it should make logical sense for them to buy goods only sourced from Canterbury as importing goods from outside Canterbury will come at the cost of local Canterbury industry and Canterbury jobs.

              Have fun moving that man made national border. Tell me, was the reunification of Germany a disaster? You know the trade balance between the western German states and the eastern ones disappeared in 1990. Before then people measured it, got worried about it, made press statements about it, called for action… then one day the border went and people had free trade.

              Now even with a border marked on a map why can’t I trade across it? If Canterbury were their own sovereign state would you recommend that they only buy locally? In fact why stop at Canterbury, why don’t the people of Christchurch only trade within Christchurch, hell why stop there, why don’t the people of Riccarton only trade within Riccarton. Why stop there! Why don’t the people of Straven Rd, Riccarton only trade with the local people in that street. WHY STOP THERE! Why don’t the people living in a house on Straven Road, Riccarton, buy local within their own home, grow their own veggies, do their own electrical work, do their own plumbing repairs, painting, computer repairs, make their own couches…. local trade must be good, so let us get truly local!

              • Colonial Viper

                Yeah thanks for your irrelevancies.

                BTW local trade and self sufficiency is the way of the future.

                • Kevin84

                  So you intend to do all the tasks in your home, your never going to get a plumber in or sparky to help fix any issues you may have, even if you have no idea what your doing? Are you also going to source all the foods you enjoy locally? Home kill the meat? What about your salts and spicies – they come from many foreign and exotic places, are you going to go without them? Good luck with that finding salt and pepper seaoning in you back yard. Tell us how it goes.

                  Deep down I think you know all too well what your logic entails – a real decline in living standards.

                  • McFlock

                    So your perspective is that the only two logical options are free trade or hyper-protectionism of the household economy?
                         
                    Idiot. 

                    • Kevin84

                      I see no other option but free-trade. Why do people arbitrarily stop at one border? Australians haven’t limited themselves to their state borders, why can’t we just ignore them. If you use the gravity model in international trade you can see that these borders lower trade and thus lower our overall welfare. We must do more to free up capital, money and labour to move around; so all the people of the world can have an equal share of the world’s wealth.

                    • thatguynz

                      I’m hazarding a guess K84 that you would also wholeheartedly endorse a global currency?

  7. Carol 7

    David Cunliffe delivered a little (print) lecture today on National’s economic delusions. He does a brief over view of the wrong turn taken by NZ & other governments towards Chicago School economics in the 80s, and cautions about people who talk as though there is only one economic viewpoint – as though it’s the “truth”.

    Then he lays into our current government economics and finance spokespeople:

    http://blog.labour.org.nz/2012/09/12/the-cult-of-national-party-economics/

    In the dogmatic world of John Key, Bill English and Steven Joyce there are no lessons to be learned from the Global Financial Crisis. They appear not to care that their obviously failed policies have seen thousands upon thousands of New Zealanders lose their jobs, their livelihoods and their hope of making a future in New Zealand.

    While the USA, the UK and the New Zealand people have moved on, all the National Government does is preach failed ideologies.

    • thatguynz 7.1

      Which is absolutely tremendous – it’s pleasing to see at least one politician demonstrate that they understand the problem.  Not entirely unsurprising that its Cunliffe to be honest.
       
      What I’m more interested in however is what is he going to be doing about it given the Labour party’s economic ideology is not that far removed from National’s in the sense that it isn’t exactly Chicago vs Austrian schools of economics or dare I say it – a different approach altogether…

  8. Poission 8

    His Russian FTA talks were a dismal failure (wonder why)

    Both key and grocer did not understand the Russian position.

    The ex NZ ambassador on morning report stated that the Russian wanted high value trade ie intellectual agriculture property and systems expertise to develop the Russian agriculture potential.

    This would would involve NZ r&d,expertise and cross training at research facilities and an interchange of science.

    Key wanted a short term result ,tariff reduction and painted the RF into a corner,which one Russian commentator described as a kulak mentality.

    Sovnarkom includes the definition of a Kulak as involvement in trade, money-lending, commercial brokerage, or “other sources of non-labor income”

    .

  9. Poission 9

    In QA the opposition seems to have found that English does not understand the problem.

    Hon BILL ENGLISH: I do not have in mind, and I do not think anyone has in mind, a particular level. All the measures of relative values of the New Zealand dollar show that by historical standards it is at high levels. If it was 75c in the US dollar, that would be easier. If it was 70c it would be even easier for exporters, but bear in mind that would also mean a reduction in living standards for New Zealanders. As I said before, either way, we cannot pick the exchange rate. We do not try to pick the exchange rate. We get on with making our exporters as competitive as they possibly can be.

    http://www.scoop.co.nz/stories/PA1209/S00184/questions-and-answers-september-12.htm

    Lets put it another way at 70c Tiwai point would be generating profits of around $50m,maybe if he asked either treasury or the RB for some high quality advice rather then his “contractors” he maybe less uncomfortable.

    • Carol 9.1

      And that was after the long preamble where English refused to answer the question (#11), and couldn’t explain or clarify why he had some “discomfort” about the exchange rate…..i.e. English tried to avoid answering the question….. I guess because he doesn’t understand the problem….?

      • Poission 9.1.1

        I guess because he doesn’t understand the problem….?

        English does not understand the problem,which is why his offerings of solutions are illegitimate ie a contradiction of the proposition.

        As the problem is significant some more rigorous questioning by the opposition is required ie multiple party questions and preferably better posed questions.

        • Poission 9.1.1.1

          As the problem is significant some more rigorous questioning by the opposition is required ie multiple party questions and preferably better posed questions.

          A good example would be what is the cost of the appreciation in the TWI to the Government Superannuation assets (which holds around 9b$ in overseas assets) does the appreciation in the TWI

          i) Increase the risk perception of overseas long term investors?
          ii) What is the cost to the taxation base of the depreciation of these assets?
          iii) if as BERL suggested (with a high statistical correlation of r^2 = 97) an increase of 1% in the TWI decrease the value of NZ exports by 0.81% what is the net cost in terms of the overseas trade deficit?
          iv) What is the cost in NZ production by import substitution?

Recent Comments

Recent Posts

  • EV road user charges bill passes
    Transport Minister Simeon Brown has welcomed the passing of legislation to move light electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) into the road user charges system from 1 April.  “It was always intended that EVs and PHEVs would be exempt from road user charges until they reached two ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Bill targets illegal, unregulated fishing in international waters
    New Zealand is strengthening its ability to combat illegal fishing outside its domestic waters and beef up regulation for its own commercial fishers in international waters through a Bill which had its first reading in Parliament today. The Fisheries (International Fishing and Other Matters) Amendment Bill 2023 sets out stronger ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Reserve Bank appointments
    Economists Carl Hansen and Professor Prasanna Gai have been appointed to the Reserve Bank Monetary Policy Committee, Finance Minister Nicola Willis announced today. The Monetary Policy Committee (MPC) is the independent decision-making body that sets the Official Cash Rate which determines interest rates.  Carl Hansen, the executive director of Capital ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Stronger protections for apartment owners
    Apartment owners and buyers will soon have greater protections as further changes to the law on unit titles come into effect, Housing Minister Chris Bishop says. “The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act had already introduced some changes in December 2022 and May 2023, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Travel focused on traditional partners and Middle East
    Foreign Minister Winston Peters will travel to Egypt and Europe from this weekend.    “This travel will focus on a range of New Zealand’s traditional diplomatic and security partnerships while enabling broad engagement on the urgent situation in Gaza,” Mr Peters says.   Mr Peters will attend the NATO Foreign ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Keep safe on our roads this Easter
    Transport Minister Simeon Brown is encouraging all road users to stay safe, plan their journeys ahead of time, and be patient with other drivers while travelling around this Easter long weekend. “Road safety is a responsibility we all share, and with increased traffic on our roads expected this Easter we ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Cost of living support for over 1.4 million Kiwis
    About 1.4 million New Zealanders will receive cost of living relief through increased government assistance from April 1 909,000 pensioners get a boost to Superannuation, including 5000 veterans 371,000 working-age beneficiaries will get higher payments 45,000 students will see an increase in their allowance Over a quarter of New Zealanders ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Tenancy reviews for social housing restart
    Ensuring social housing is being provided to those with the greatest needs is front of mind as the Government restarts social housing tenancy reviews, Associate Housing Minister Tama Potaka says. “Our relentless focus on building a strong economy is to ensure we can deliver better public services such as social ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Kermadec Ocean Sanctuary plan halted
    The Kermadec Ocean Sanctuary will not go ahead, with Cabinet deciding to stop work on the proposed reserve and remove the Bill that would have established it from Parliament’s order paper. “The Kermadec Ocean Sanctuary Bill would have created a 620,000 sq km economic no-go zone,” Oceans and Fisheries Minister ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Cutting all that dam red tape
    Dam safety regulations are being amended so that smaller dams won’t be subject to excessive compliance costs, Minister for Building and Construction Chris Penk says. “The coalition Government is focused on reducing costs and removing unnecessary red tape so we can get the economy back on track.  “Dam safety regulations ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Drought support extended to parts of North Island
    The coalition Government is expanding the medium-scale adverse event classification to parts of the North Island as dry weather conditions persist, Agriculture Minister Todd McClay announced today. “I have made the decision to expand the medium-scale adverse event classification already in place for parts of the South Island to also cover the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Passage of major tax bill welcomed
    The passing of legislation giving effect to coalition Government tax commitments has been welcomed by Finance Minister Nicola Willis.  “The Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill will help place New Zealand on a more secure economic footing, improve outcomes for New Zealanders, and make our tax system ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Lifting economy through science, tertiary sectors
    Science, Innovation and Technology Minister Judith Collins and Tertiary Education and Skills Minister Penny Simmonds today announced plans to transform our science and university sectors to boost the economy. Two advisory groups, chaired by Professor Sir Peter Gluckman, will advise the Government on how these sectors can play a greater ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government announces Budget priorities
    The Budget will deliver urgently-needed tax relief to hard-working New Zealanders while putting the government’s finances back on a sustainable track, Finance Minister Nicola Willis says.  The Finance Minister made the comments at the release of the Budget Policy Statement setting out the Government’s Budget objectives. “The coalition Government intends ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to consider accommodation solution
    The coalition Government will look at options to address a zoning issue that limits how much financial support Queenstown residents can get for accommodation. Cabinet has agreed on a response to the Petitions Committee, which had recommended the geographic information MSD uses to determine how much accommodation supplement can be ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government approves extension to Royal Commission of Inquiry into Abuse in Care
    Cabinet has agreed to a short extension to the final reporting timeframe for the Royal Commission into Abuse in Care from 28 March 2024 to 26 June 2024, Internal Affairs Minister Brooke van Velden says.                                         “The Royal Commission wrote to me on 16 February 2024, requesting that I consider an ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • $18m boost for Kiwis travelling to health treatment
    The coalition Government is delivering an $18 million boost to New Zealanders needing to travel for specialist health treatment, Health Minister Dr Shane Reti says.   “These changes are long overdue – the National Travel Assistance (NTA) scheme saw its last increase to mileage and accommodation rates way back in 2009.  ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PM’s Prizes for Space to showcase sector’s talent
    The Government is recognising the innovative and rising talent in New Zealand’s growing space sector, with the Prime Minister and Space Minister Judith Collins announcing the new Prime Minister’s Prizes for Space today. “New Zealand has a growing reputation as a high-value partner for space missions and research. I am ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Concerns conveyed to China over cyber activity
    Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government.     “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity, attributed to groups sponsored by the Chinese Government, targeting democratic institutions in both New ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Independent Reviewers appointed for School Property Inquiry
    Independent Reviewers appointed for School Property Inquiry Education Minister Erica Stanford today announced the appointment of three independent reviewers to lead the Ministerial Inquiry into the Ministry of Education’s School Property Function.  The Inquiry will be led by former Minister of Foreign Affairs Murray McCully. “There is a clear need ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Brynderwyns open for Easter
    State Highway 1 across the Brynderwyns will be open for Easter weekend, with work currently underway to ensure the resilience of this critical route being paused for Easter Weekend to allow holiday makers to travel north, Transport Minister Simeon Brown says. “Today I visited the Brynderwyn Hills construction site, where ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to the Infrastructure Funding & Financing Conference
    Introduction Good morning to you all, and thanks for having me bright and early today. I am absolutely delighted to be the Minister for Infrastructure alongside the Minister of Housing and Resource Management Reform. I know the Prime Minister sees the three roles as closely connected and he wants me ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Parliamentary network breached by the PRC
    New Zealand stands with the United Kingdom in its condemnation of People’s Republic of China (PRC) state-backed malicious cyber activity impacting its Electoral Commission and targeting Members of the UK Parliament. “The use of cyber-enabled espionage operations to interfere with democratic institutions and processes anywhere is unacceptable,” Minister Responsible for ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ to provide support for Solomon Islands election
    Foreign Minister Winston Peters and Defence Minister Judith Collins today announced New Zealand will provide logistics support for the upcoming Solomon Islands election. “We’re sending a team of New Zealand Defence Force personnel and two NH90 helicopters to provide logistics support for the election on 17 April, at the request ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ-EU FTA gains Royal Assent for 1 May entry to force
    The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand’s ratification of its free trade agreement with the European Union.    “I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • COVID-19 inquiry attracts 11,000 submissions
    Public consultation on the terms of reference for the Royal Commission into COVID-19 Lessons has concluded, Internal Affairs Minister Hon Brooke van Velden says.  “I have been advised that there were over 11,000 submissions made through the Royal Commission’s online consultation portal.” Expanding the scope of the Royal Commission of ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Families to receive up to $75 a week help with ECE fees
    Hardworking families are set to benefit from a new credit to help them meet their early childcare education (ECE) costs, Finance Minister Nicola Willis says. From 1 July, parents and caregivers of young children will be supported to manage the rising cost of living with a partial reimbursement of their ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Unlocking a sustainable, low-emissions future
    A specialised Independent Technical Advisory Group (ITAG) tasked with preparing and publishing independent non-binding advice on the design of a "green" (sustainable finance) taxonomy rulebook is being established, Climate Change Minister Simon Watts says.  “Comprising experts and market participants, the ITAG's primary goal is to deliver comprehensive recommendations to the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Chief of Army thanked for his service
    Defence Minister Judith Collins has thanked the Chief of Army, Major General John Boswell, DSD, for his service as he leaves the Army after 40 years. “I would like to thank Major General Boswell for his contribution to the Army and the wider New Zealand Defence Force, undertaking many different ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister to meet Australian counterparts and Manufacturing Industry Leaders
    25 March 2024 Minister to meet Australian counterparts and Manufacturing Industry Leaders Small Business, Manufacturing, Commerce and Consumer Affairs Minister Andrew Bayly will travel to Australia for a series of bi-lateral meetings and manufacturing visits. During the visit, Minister Bayly will meet with his Australian counterparts, Senator Tim Ayres, Ed ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government commits nearly $3 million for period products in schools
    Government commits almost $3 million for period products in schools The Coalition Government has committed $2.9 million to ensure intermediate and secondary schools continue providing period products to those who need them, Minister of Education Erica Stanford announced today. “This is an issue of dignity and ensuring young women don’t ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech – Making it easier to build.
    Good morning, it’s great to be here.   First, I would like to acknowledge the New Zealand Institute of Building Surveyors and thank you for the opportunity to be here this morning.  I would like to use this opportunity to outline the Government’s ambitious plan and what we hope to ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Pacific youth to shine from boost to Polyfest
    Minister for Pacific Peoples Dr Shane Reti has announced the Government’s commitment to the Auckland Secondary Schools Māori and Pacific Islands Cultural Festival, more commonly known as Polyfest. “The Ministry for Pacific Peoples is a longtime supporter of Polyfest and, as it celebrates 49 years in 2024, I’m proud to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • 2024 Ngarimu VC and 28th (Māori) Battalion Memorial Scholarships announced
    ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Breast Cancer Foundation – Insights Conference
    Before moving onto the substance of today’s address, I want to recognise the very significant and ongoing contribution the Breast Cancer Foundation makes to support the lives of New Zealand women and their families living with breast cancer. I very much enjoy working with you. I also want to recognise ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kiwi research soars to International Space Station
    New Zealand has notched up a first with the launch of University of Canterbury research to the International Space Station, Science, Innovation and Technology and Space Minister Judith Collins says. The hardware, developed by Dr Sarah Kessans, is designed to operate autonomously in orbit, allowing scientists on Earth to study ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the New Zealand Planning Institute
    Introduction Thank you for inviting me to speak with you today and I’m sorry I can’t be there in person. Yesterday I started in Wellington for Breakfast TV, spoke to a property conference in Auckland, and finished the day speaking to local government in Christchurch, so it would have been ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Support for Northland emergency response centre
    The Coalition Government is contributing more than $1 million to support the establishment of an emergency multi-agency coordination centre in Northland. Emergency Management and Recovery Minister Mark Mitchell announced the contribution today during a visit of the Whangārei site where the facility will be constructed.  “Northland has faced a number ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Celebrating 20 years of Whakaata Māori
    New Zealanders have enjoyed a broader range of voices telling the story of Aotearoa thanks to the creation of Whakaata Māori 20 years ago, says Māori Development Minister Tama Potaka. The minister spoke at a celebration marking the national indigenous media organisation’s 20th anniversary at their studio in Auckland on ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Some commercial fishery catch limits increased
    Commercial catch limits for some fisheries have been increased following a review showing stocks are healthy and abundant, Ocean and Fisheries Minister Shane Jones says. The changes, along with some other catch limit changes and management settings, begin coming into effect from 1 April 2024. "Regular biannual reviews of fish ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-03-29T12:52:35+00:00