Sounds strategy helps business growth

The world economic situation continues to pose challenges with uncertainty ruling the markets but organisations that are well prepared with sound business strategies and financial management will continue to grow, a banker has said. According to Ramesh Subramaniam, Head of South Asia at ANZ Bank, the Reserve Bank of New Zealand has left the Official Rate (OCR) untouched at 2.5%…

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Institute addresses business needs

The establishment of the Advanced Technology Institute addresses a significant need for business. Innovation is now essential for business success and the ATI’s focus on getting new ideas to market faster is highly appropriate. Bringing business and science closer together and supporting business-led growth in new technologies will be crucial for New Zealand’s business competitiveness. ATI will bring a new…

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Levy on leases creates imbalances

The Inland Revenue and Treasury have released an ‘Issues Paper,’ proposing to make lease inducement payments taxable. The proposed legislative change aims at ‘asymmetric tax treatment of lease inducement payments (which) encourages taxpayers to convert revenue receipts into non-taxable capital receipts.’ In other words, officials do not like the fact that a property owner can get deductible (revenue) treatment while…

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Trade agreements worry public libraries

Students at tertiary education libraries would find that they have less access to digital works if New Zealand signs a trade agreement with the US and other countries, Library and Information Association of New Zealand Aotearoa (LIANZA) Standing Committee on Copyright Chair Tony Millett has warned. New Zealand is currently negotiating a Trans-Pacific Partnership Agreement (TPPA) with a number of…

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Report cites ways to strengthen Indo-Aussie ties

Australia and India should look beyond their myopic view of current issues and concentrate on long-term relationship that would strengthen bilateral ties, says a report released recently in Sydney. It said that free flow of people between the two countries would facilitate a workable and meaningful Free Trade Agreement (FTA). The Report, titled, ‘Beyond the Last Decade,’ was prepared by…

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