Independent Analysis and Reportage
Source: Radio New Zealand The Jarden building at the bottom of Queen Street, Auckland Google Maps Brokerage and financial services firm Jarden is in for a significant restructuring, with the wealth and asset management operations to be split off and the investment banking business to be retained in an employee-owned structure, sources have told RNZ.…
Source: Radio New Zealand The government has announced plans to slash public service jobs by about 14 percent over the next three years in a shake-up it says will deliver $2.4 billion of savings. The changes announced in a pre-Budget speech delivered by Finance Minister Nicola Willis on Tuesday would result in about 8700 job…
Source: Radio New Zealand The Prime Minister says the public service isn’t a “make-work” scheme as he signals there will be job losses as a result of proposed government changes. Finance Minister Nicola Willis will set out three proposals in her Auckland pre-Budget speech on Tuesday afternoon in an effort to create efficiencies in the…
Source: Radio New Zealand RNZ The government is set to announce proposals which RNZ understands will seek to reduce the number of government agencies, with amalgamation, more work on digitisation and using AI, and setting a target to reduce the public service headcount to 1 percent of the total population by 2029. There are 42…
Source: Radio New Zealand Labour leader Chris Hipkins says bigger government departments aren’t always more efficient than smaller departments. RNZ / Marika Khabazi Labour leader Chris Hipkins says public servant caps can be “arbitrary” and bigger government departments aren’t always better at doing the job, as the finance minister looks to downsize the public service.…
Source: Radio New Zealand Recent reports about second-hand sales booming are probably met with gleaming eyes from potential sellers looking for an extra buck in a cost-of-living crisis. TradeMe’s circular economy report earlier this year estimated, on average, each person has 19 items to sell, with an estimated value of $1300 per person. It highlighted…
Source: Radio New Zealand 123rf Last year’s weak economic conditions coincided with a 35 percent drop in the value of capital investments, along with a 10 percent drop in the number of transactions the year earlier. NZ Private Capital Monitor indicates there were 276 transactions last year, with $2.5 billion in combined investments and divestments…
Source: Radio New Zealand Finance minister Nicola Willis. RNZ / Mark Papalii The finance minister is set to reveal proposals to reduce the number of government agencies, by telling ministries and departments to come up with plans for amalgamation. RNZ understands Nicola Willis will set out three proposals on Tuesday afternoon to create efficiencies in…
Opinion by Hon. Matt Robson, former Alliance Party Cabinet Minister and Associate Minister of Foreign Affairs. In 2000, the Initial vote on Kiwibank in the Labour-Alliance government was 16 votes against from Labour, and four votes in favour from the Alliance. I was there when this was reversed, and in 2001 the four insurgent Alliance ... <a title="Opinion: The New Zealand Public’s KiwiBank On The Auction Block" class="read-more" href="https://eveningreport.nz/2024/08/22/opinion-the-new-zealand-publics-kiwibank-on-the-auction-block/" aria-label="Read more about Opinion: The New Zealand Public’s KiwiBank On The Auction Block">Read more</a>
Source: The Conversation (Au and NZ) – By Martien Lubberink, Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington. To sell, or not to sell – that is the question various governments have asked since Kiwibank was established in 2002. Now it’s the turn of the current National-led coalition to ... <a title="Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good" class="read-more" href="https://eveningreport.nz/2024/08/02/owner-beware-4-reasons-why-selling-part-of-kiwibank-could-do-more-harm-than-good-235885/" aria-label="Read more about Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good">Read more</a>
Analysis by Dr Bryce Edwards. Political Roundup: Will the Govt act on mega bank profits and reform the banking sector? The corporate retail banks are making mega profits on the back of Government policies and indirect subsidies of recent years. As a result, there are calls from across almost the whole political spectrum for greater regulation ... <a title="Bryce Edwards’ Political Roundup: Will the Govt act on mega bank profits and reform the banking sector?" class="read-more" href="https://eveningreport.nz/2022/11/09/bryce-edwards-political-roundup-will-the-govt-act-on-mega-bank-profits-and-reform-the-banking-sector/" aria-label="Read more about Bryce Edwards’ Political Roundup: Will the Govt act on mega bank profits and reform the banking sector?">Read more</a>
Asia Pacific Report newsdesk Papua New Guinea’s biggest bank — Bank South Pacific with major branch networks across the Pacific region — is the subject of regulatory action by the country’s banking regulator BPNG over failure to comply with anti-money laundering regulations, reports the PNG Post-Courier. The Financial Analysis and Supervision Unit (FASU) of the ... <a title="PNG banking regulator acts against BSP over money-laundering rules" class="read-more" href="https://eveningreport.nz/2021/07/14/png-banking-regulator-acts-against-bsp-over-money-laundering-rules/" aria-label="Read more about PNG banking regulator acts against BSP over money-laundering rules">Read more</a>