Expectations of a rate hike lead to a decline in the New Zealand dollar   As the possibility of additional rate hikes by the Federal Reserve (Fed) looms following positive US employment data, the New Zealand dollar has shown a decline against major currencies. In addition, the risk-sensitive New Zealand dollar also showed weakness as…

Christchurch City Council says it can’t solve chronic flood-prone areas   Christchurch is located in many low-lying areas throughout the city, with homes and buildings located along most riverbanks. However, according to a council report, it is impossible to protect/resolve all properties and buildings that are traditionally at risk of flooding, and residents are warned…

A-Gas, a refrigerant management specialist, announces plans for multimillion-dollar expansion in New Zealand   A-Gas, a refrigerant management specialist, has expanded its business area to New Zealand by establishing an A-Gas New Zealand site in South Auckland. With an investment of millions of dollars, the New Zealand market will have access to state-of-the-art gas separation…

RNZ, Wellington area tax to increase by 17.8% The Greater Wellington Regional Council plans to increase taxes in the Wellington area by 17.8%, according to RNZ. Wellington taxpayers are expected to pay an additional $100 in taxes annually due to a 17.8% tax increase. Wellington homeowners are already facing a 12% tax increase imposed by…