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Thursday, 29 March 2018 15:45

Regional tourism spending data for February 2018 released

Mar 29,  2018  -   The latest Monthly Regional Tourism Estimates released by the Ministry of Business, Innovation and Employment (MBIE) today show that tourism expenditure grew in all regions over the year ending February 2018.

MBIE’s manager of Sector Trends Mark Gordon says that there has been positive performance in several regions around the country.“The regions with the fastest growing tourism spend over the year ending February 2018 were the West Coast, which increased 12 per cent to $548 million, followed by Tasman, which increased 11 per cent to $317 million and Taranaki, up 11 per cent to $380 million,” Mr Gordon says.Chinese New Year fell in mid-February this year (rather than late January, as it was in 2017), contributing to high monthly growth rates compared with February 2017. Spending for this market followed the pattern of previous years, concentrated in Auckland, Otago and Canterbury with the percentage change from February 2017 for the Chinese market in these areas at 25 per cent, 88 per cent, and 80 per cent respectively.“Tourism spending in Kaikōura has also continued to recover, with tourism spending in the month of February 2018 almost double than in February 2017 and annual growth almost back to a positive figure,” Mr Gordon says.Mr Gordon says MBIE developed the Monthly Regional Tourism Estimates in consultation with tourism industry representatives to create a better measurement of the value of tourism in the regions.“Tourism spending information for the regions helps inform investment and planning in the tourism industry by providing insight into where both domestic and international tourists are spending their money,” Mr Gordon says.MBIE has also today released new Regional Tourism Organisation (RTO) fact sheets. The factsheets were developed in consultation with Regional Tourism Organisations New Zealand (RTONZ) and the wider tourism industry. These factsheets provide a regional summary of tourism spend and accommodation statistics by RTO using publically available data from the Monthly Regional Tourism Estimates and Accommodation Survey. They will be updated following each release, and are available here.A user guide providing information on how the estimates are calculated and how they should be interpreted is available here.View the full statistics from the Monthly Regional Tourism Estimates.

| A MBIE release  |  ||  march 29, 2018   |||

 

 

 

Published in BUSINESS
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Thursday, 29 March 2018 15:41

Overseas Investment Office clears Horizon Oil to increase stake in Maari, Manaia oil fields

Mar 29, 2018  -  The Overseas Investment Office gave ASX-listed Horizon Oil International a green light to buy a 16 percent stake in the Maari and Manaia oil fields and joint venture assets off the Taranaki coast from Todd Corp

Published in BUSINESS
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Thursday, 29 March 2018 15:31

Engineering New Zealand has honoured three new Distinguished Fellows and 17 new Fellows, as well as bestowing some special awards.

Mar 29, 2018  - The Fellowships, along with this year’s winners of the President’s medals and Maclean citation were conferred in Wellington on Friday 16 March at our annual Fellowship Dinner, sponsored by WSP Opus.

Published in ENGINEERING
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Thursday, 29 March 2018 12:08

Real estate investors to lose tax loophole from April next year

Mar 29, 2018  -  Investors and speculators will lose their ability to offset losses on residential properties to reduce their tax on other income from April 1 next year, if proposals in an Inland Revenue Department issues paper published today are adopted

Published in BUSINESS
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Thursday, 29 March 2018 10:03

Rakon sells French property for 2.7M euro as manufacturing shifts to India

Mar 29, 2018  -   Rakon has sold its former manufacturing site in France for 2.7 million euros, as it continues to shift its manufacturing focus to India

Published in MANUFACTURING
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Thursday, 29 March 2018 09:47

Fletcher Building lenders agree to extend waivers for breach of financial covenants

Mar 29, 2018  -  Fletcher Building gained a two-month extension to waivers from its US noteholders and bank syndicate that were granted after it breached lending covenants, suggesting the company wasn't able to negotiate new terms by its March 31 deadline

Published in BUSINESS
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Thursday, 29 March 2018 09:44

Bank of China registered as a bank

Mar 29, 2018  - The Reserve Bank today registered Bank of China to provide banking services in New Zealand.

Published in FINANCIAL
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Thursday, 29 March 2018 09:04

Employment Bill closing

Mar 29, 2018  -  BusinessNZ urges businesses to make a submission on the Employment Relations Amendment Bill before the closing date of Good Friday.

Published in BUSINESS
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Wednesday, 28 March 2018 19:45

Robertson unmoved by CTU call to scrap 'budget responsibility rules'

Mar 28, 2018  - Finance Minister Grant Robertson has been quick to rule out scrapping the government's Budget Responsibility Rules after the Council of Trade Unions said today they were too restrictive to allow necessary investment in public services and infrastructure.

Published in News
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Wednesday, 28 March 2018 15:47

Privacy Commissioner accuses Facebook of thumbing nose at New Zealand law

Mar 28, 2018  - New Zealand’s government may not have evicted any Russian spies this week but its Privacy Commissioner today joined international allies blasting Facebook for a lax attitude to data privacy

Published in COMMUNICATION
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Page 158 of 199

Palace of the Alhambra Spain

Palace of the Alhambra, Spain

By: Charles Nathaniel Worsley (1862-1923)

From the collection of Sir Heaton Rhodes

Oil on canvas - 118cm x 162cm

Valued $12,000 - $18,000

Offers invited over $9,000

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

Mount Egmont with Lake 

By: John Philemon Backhouse (1845-1908)

Oil on Sea Shell - 13cm x 14cm

Valued $2,000-$3,000

Offers invited over $1,500

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

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