Reserve Bank regulation hurts first homebuyers

The decision of the Reserve Bank of New Zealand (RBNZ) to raise the high loan-to-value ratio (LVR) will hurt first homebuyers more than investors in the market, according a Mortgage and Insurance Advisor. Rakesh Bansal, Director Kiwi Mortgages (based in Howick, East Auckland) said that the restrictions imposed by RBNZ would come into effect from October 1, 2013. “Lending institutions…

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Callous attitude exposes companies to fraud

New Zealand has enjoyed the Number 1 spot since 2008 as a country with a strong reputation for clean government, based on Corruption Perception Index (CPI) surveyed by Transparency International (TI). The Index, which ranks the public sector in 176 countries, has been quoted extensively by our Government and senior officials as a hallmark of high standards of integrity and…

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Smaller towns foster business growth

Smaller towns in New Zealand are also important for growth of businesses like their large counterparts, Prime Minister John Key has said. “Businesses operating in small places not only serve the local community with their products and services but also provide employment opportunities to locals. It is important to recognise their potential and promote them,” he said. Mr Key was…

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Auckland marks Silver with Brisbane

Auckland and Brisbane (Capital of Queensland) completed 25 years of their relationship as ‘Sister Cities’ recently, to commemorate which, Auckland Mayor Len Brown visited the Australian City with a delegation of businesspersons in June. Mr Brown said that Brisbane Lord Mayor Quirk and his officials had extended an unforgettable welcome and provided an exceptional business programme for him and his…

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Perseverance builds successful bids

Hard work and dedication, combined by talent and vision have always met with success and those demonstrating continuous progress in their career become a source of inspiration and endearment. It is also a matter of gratification to see the younger members of the business community scaling lofty heights of professional performance, winning awards and citations in the process. Bayleys Real…

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CPA Congress to challenge accountants

The growing emphasis on public accountability, transparency and good governance has placed increasing pressure on the accounting profession, with practitioners obliged to follow stringent rules and regulations. The collapse of several finance companies causing financial hardships to thousands of ordinary New Zealanders in recent years, the pronounced need for directors to shoulder responsibility for the performance of their companies and…

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Frustration gets the better of opposition politics

One of the most difficult challenges that confront political parties is to remain focused while in opposition. Successive defeats at the election polls not only lower the morale throughout the rank and file of the Party concerned, but also throw its leadership into question and doubt. The snap resignation of David Shearer as the Leader of Labour, the main Opposition…

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Kudos to Central Indian body for leadership

New Zealand Indian Central Association (NZICA) deserves credit for championing the cause of Indians, addressing a number of ills that confront the community. Less than three months after being elected into office, the new team has set in motion a process of dialogue with Ministers of the Crown and Government departments whose attention is central to seeking solutions to problems.…

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