Weekly Digest – 26 July 2023

Weekly Digest – 26 July 2023

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

Explaining rising interest rates

At the moment there is confusion about how banks have raised their fixed mortgage rates recently despite the Reserve Bank stating in May that it didn’t feel rates needed to go any higher. Independent economist Tony Alexander on how the banks fix mortgage rates.

Fonterra offers dairy farmers help to meet a new emissions intensity target

Fonterra is announcing a new “credible” target to reduce supply chain emissions, after executives criss-crossed rural New Zealand with a roadshow to win the support from farmers.

Minimum pricing practice hurts Kiwi consumers and retailers

The Commerce Commission is reminding grocery suppliers that requiring retailers to charge above minimum prices for their goods can breach the Commerce Act.

Luxury New Zealand Mānuka Honey makes world history – again!

The True Honey Co. has toppled its own record, harvesting a mānuka honey that has achieved the highest grade ever documented.

Government helps to unlock the doors of St James Theatre

The Government has committed to doing its part to support the restoration and revival of Tāmaki Makaurau Auckland’s much loved, nationally significant, and historic St James Theatre, Minister for Arts, Culture and Heritage Carmel Sepuloni announced.

Here’s where biggest rent price rises might be

The pace of rent increases has picked up and that is likely to continue, particularly in places where supply is stretched, BNZ chief economist Mike Jones says.

Dairy exports help right balance of trade

A $1.1 billion drop in imported goods and 1.3% improvement in exports by value of $1.6bn saw the monthly trade balance move into a surplus of $8.8 million for June, according to Statistics New Zealand. Exports of $6.3bn were led by a $170m increase in the value of milk powder, butter and cheese to $1.8bn.

Scientific breakthrough harnesses mRNA technology to develop powerful Malaria vaccine

Trans-Tasman research collaborators have developed an mRNA-based vaccine that can effectively target and stimulate protective immune cell responses against the malaria-causing parasite Plasmodium in preclinical models.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

Recent Posts

How to get original with your marketing (without breaking the bank)

How to get original with your marketing (without breaking the bank)

The success of your business depends greatly on the success of your marketing. Getting your key mess

Read More
How to apply for a business loan

How to apply for a business loan

Need some extra cash to take your business to the next level, but daunted by the loan process? You'r

Read More
Review your expenses – and save yourself money

Review your expenses – and save yourself money

Running a business will always mean incurring certain expenses, or ‘spend’.Whether you’re a

Read More

We Select the Best Partners

Subscribe to our newsletter

Enter your details to receive regular news and updates from the team