A resurgence of Chinese visitors is a highlight for the domestic tourism sector, which economists say may be in a lull after a last year’s spike during the British and Irish Lions tour.
Metlifecare will build a $180 million retirement village in Auckland’s Beachlands, one of the ‘greenfield’ sites the industry has been busy sewing up in the past 12 months.
SLI Systems has delayed the start of a cheaper self-service model, although the e-commerce software developer’s cost-cutting measures to prepare for that strategy is likely to ensure it achieves a profit this year.
Air New Zealand’s international routes will bear the brunt of oil prices near a 3 and a half year high as stiffer competition and the cost of flying vast distances set a higher bar for the national carrier than the domestic market, analysts say.
Michael Wood, the MP who chairs Parliament’s finance and expenditure committee, wants to see more overseas investment directed into productive assets, which he sees as a secondary benefit to restricting foreign purchases of residential property.
Briscoe Group will reimburse staff who cashed up at the end of the day but didn’t get paid for the time, something managing director Rod Duke says is company policy.
Wellington city’s strong demand for commercial real estate and lack of available space put it at the top of the latest Royal Institute of Chartered Surveyors’ Asia Pacific market update.