Risk management challenges sound banking practices

Venkat Raman The banking scene is witnessing drastic changes caused by the rapidly advancing technology and evolving business practices, a top banker has said. Logan Munro, General Manager, International Banking, Migrant Banking and Auckland Branches at ASB Bank, said that the challenge is to keep pace with the changes and remain as a proactive, customer-oriented and business-focused bank in an…

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Widening supply-demand gulf ruptures housing market

Stephen Toplis We think that house prices nationally could keep inflating at around 5% to 7% per annum over the next three years. With prices holding up, population growth remaining elevated and employment prospects for most New Zealanders remaining positive, we expect further growth in construction, averaging around 6.5% per annum over the next three years. Supply Problem Much has…

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Business confidence goes south – really

Luke Parker –  New Zealanders have become increasingly concerned about the state of the labour market with employment confidence at its lowest in two, according to the latest Westpac McDermott Miller Employment Confidence Index. The quarterly report released last fortnight claimed that the main concern weighing on workers’ confidence levels is weakness in earnings growth. Westpac senior economist Satish Ranchhod…

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Switzerland discloses seven Indian names

Priti Patnaik (The Wire) More names of Indian tax evaders are likely to surface from Switzerland in the future. There are several reasons for this, including how the Swiss government could potentially treat stolen information on accountholders in the future, and an impending review by the OECD that will take stock of how Switzerland is faring in treating requests for administrative…

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Alexandra Park creates new heart in Epsom

Venkat Raman –  Auckland’s growing importance as a destination for conferences, exhibitions and ceremonial functions has led to increasing demand for quality venues, catering to organisations and individuals who are conscious of cost-effective solutions. Indian Newslink has a judicious mix of venues to host its well-branded events. Thus, our three annual events, namely Indian Newslink Indian Business Awards Presentation Ceremony,…

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