The Government’s planned investment in Defence over the next 15 years represents a huge opportunity for New Zealand companies, says Defence Minister Mark Mitchell. Mr Mitchell told Defence industry representatives last night that the country needs a Defence Force that is equipped and supported to respond to a rapidly changing strategic environment. “This requires investment. Over the next 15 years, the Government will invest up to $20 billion in new and upgraded military capability, including replacement of all our major platforms and the regeneration of the Defence estate. “We have many companies in the Defence sector who are themselves investing…
The Productivity Commission has released an issues paper calling for submissions to its inquiry into state sector productivity. "State sector productivity matters because it tells us how many public services are delivered for the government’s investment in them. That might sound simple, but measuring government productivity is notoriously difficult," says Inquiry Director, Judy Kavanagh. The Government has asked the Commission to investigate how to improve measurement of state sector productivity in the health, education, justice and social development sectors. Ms Kavanagh says the inquiry process will also investigate what capability, culture and systems are necessary to support government agencies to…
Wednesday, 21 June 2017 07:45

$6m for more youth enterprise initiatives

Youth Minister Nikki Kaye tonight announced details of the $6 million investment over four years under Budget 2017 to fund more youth enterprise initiatives. Ms Kaye made the announcement at Victoria University’s Rutherford Building in Wellington, where eight teams of young people had gathered to take part in the Greater Wellington Region finals of a ‘Dragons' Den’ competition, pitching their ideas for innovative companies to a panel of local business leaders for a share of $5000 of prize money. “Youth enterprise funding is about supporting young people to develop entrepreneurial skills through a range of youth-focused business and enterprise initiatives,”…
The latest growth figures from Statistics New Zealand and the latest OECD report review of our economy, published yesterday, show that while our economy keeps growing, we’re lacking in areas that can really make us a wealthier nation, say the New Zealand Manufacturers and Exporters Association. NZMEA Chief Executive Dieter Adam said, “Our GDP is rising, but on a per capita measure, it is much less impressive – we need to harness our potential and work on growing our high-value productive industries to improve this. Real GDP per capita growth in New Zealand is currently below the OECD average, and…
Corrections has signed up its 100th employer to offer prisoners jobs in a Memorandum of Understanding (MoU) with Waste Management today, says Corrections Minister Louise Upston. The partnership will see Waste Management work with Corrections and offer prisoners jobs when they are released, including drivers, administration, computer operator, runners, landfill operators, general operators, labourers, diesel mechanics and call centre roles. “It’s great to have Waste Management on board,” says Ms Upston. “There is huge potential in this partnership and I look forward to seeing it to develop and offer more employment opportunities for prisoners on release. “Through these partnerships, Corrections…
Tuesday, 20 December 2016 09:15

Manuka Honey Re-Invigorates Provinces

Therapeutic value restores hill country Cultivation of the manuka tree has become a priority on hillsides from Nelson to Waikato. The manuka tree, a member of the myrtle family, is the basis for the sharply growing industry in the production of therapeutic manuka honey. The health benefits of the manuka tree (pictured) were introduced to the rest of the world by Captain Cook who dubbed it the tea tree. The demand for manuka honey has created another cooperative opportunity in the form of share production between farmers and apiarists. In return for allocating blocks of land for the location of…
Monday, 28 November 2016 13:45

New Zealand's weak labour productivity

New Zealand has enjoyed good growth in average income since the global financial crisis. Labour participation is strong and our public finances are in relatively good shape. But one area holding the economy back is our persistently weak labour productivity, with the OECD estimating that New Zealand had the fourth lowest labour productivity growth of OECD countries between 1995 and 2014. Fortunately New Zealand is in a good position to address this area of persistent weakness. Achieving New Zealand’s productivity potential is the Productivity Commission’s commentary on New Zealand’s productivity performance. The report shows that New Zealand needs to shift…