Canterbury trades training boost – Budget 2011
Steven Joyce, Tertiary Education Minister announces that the 2011 Budget will allow for up to $42 million to cover trades training in Canterbury.
Finance
Finance Press Releases, New Zealand
Financial system more resilient but still facing volatility
Along with the release of the RBNZ May 2011 Financial Stability Report, Alan Bollard the Reserve Bank Governor announces that the financial system is better positioned to support economic growth however it still faces an uncertain environment.
Think before signing away investor rights
The Financial Markets Authority (FMA) looks to advise investors to think carefully about becoming wholesale clients.
Mortgage link pathway to competency
Mortgage link announce a new pathway to publicly show competence and ensure above average performance.
OCR remains at 2.5 percent
The OCR remains unchanged at 2.5 percent with the RBNZ Governor describing the outlook as “uncertain” following the Christchurch earthquake.
OCR is reduced 50 basis points to 2.5 percent
The New Zealand Reserve Bank announce that the OCR (Official Cash Rate) is today being reduced by 50 points to 2.5 percent.
Government Export Credit Support Extended
The Government has extended the full range of support the New Zealand Export Credit Office provides to exporters for another three years, Finance Minister Bill English says.
PFI secures new five-year banking facility
Property For Industry (PFI) a listed industrial property investor announces on the NZX that it has secured a new five-year bank debt facility of $150 million.
OCR remains unchanged at 3.0 percent
Alan Bollard, Reserve Bank Governor says interest rates are projected to rise to a more limited extend for the next two years in comparison to that signalled in the September release.
Reserve Bank submission to Savings Working Group
The Reserve Bank of New Zealand (RBNZ) release a submission to the Government’s Savings Working Group.
RBNZ Bank Disclosure Review Finalised
The Reserve Bank of New Zealand finalises the main policy decisions in its review of disclosure requirements for registered banks achieving better information and less compliance costs.
OCR unchanged at 3.0 percent
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 3.0 percent. Reserve Bank Governor Alan Bollard said: “While the global and domestic economies continue to recover, the outlook has weakened since our June Statement. We consider it appropriate at this point to keep the OCR on hold.
2011 OCR Dates
The Reserve Bank of New Zealand (RBNZ) releases the 2011 Official Case Rate (OCR), Monetary Policy Statement (MPS) and Financial Stability Reporting (FSR) dates. Provisional 2012 dates for the first six monts are also included for the first time to help with financial market planning.
Disclosure review to reduce compliance costs
RBNZ Deputy Governor Grant Spencer invites submissions on proposals to change the disclosure regime for registered banks to reduce compliance costs.
Reserve Bank raises OCR to 3.0 percent
Alan Bollard, Reserve Bank Governor of New Zealand announces an increase of the New Zealand OCR by 25 basis points to 3.0 percent.
Payment Distribution for ANZ ING Investors
The Commerce Commission has determined payment distribution to ANZ/ING investors. The payment method should return about 95% of the capital originally invested by eligible investors.
Company Tax Changes Will Increase NZ Competitiveness
Changes to New Zealand’s company tax rate will make our country more competitive internationally, Finance Minister Bill English claims.
Reserve Bank SOI shows commitment to stability
Reserver Bank Governor Alan Bollard says that the RBNZ’s Statement of Intent 2010 – 2013 shows a commitment to maximising the RBNZ’s contribution to sustainable economic growth through financial and price stability.
Torchlight loan to SCF unaffected
John Duncan, Torchlight MD confirmed the $100m loan arranged for South Canterbury Finance (SCF) was unaffected by the statutory management of Allan and Jean Hubbard business interests.
Statutory Management of Hubbards, Aorangi Securities and Charitable Trusts
The Government has placed Mr Allan Hubbard, Mrs Margaret Hubbard, Aorangi Securities and seven charitable trusts into statutory management, following a recommendation from the Securities Commission. A number of matters have been referred to the Serious Fraud Office.