Business & Economy

Calls Grow for Economic “Rescue Plan” Amid Shrinking GDP

Government faces pressure as analysts and opposition demand clarity on growth strategy New Zealand’s economy has entered troubled waters, with...

Investor Confidence Plunges as Economy Contracts

Survey shows lowest confidence levels since COVID-19 as GDP shrinks 0.9% New Zealand’s economy has hit another rough patch, with...

The Unseen War: Why NZ’s Small Businesses Are Fighting for Survival

New Zealand’s economic identity has long been synonymous with the agility and resilience of its small and medium-sized enterprise (SME)...

Government Spending Set to Rise in 2026 Budget as Sri Lanka Eyes Economic Revival

COLOMBO – As Sri Lanka gears up for its 2026 Budget, reports from pre-budget discussions indicate a significant increase in...

Today’s New Zealand news in brief,

Dunedin hospital new inpatient building contract signed, Melling Interchange construction begins, Appointment of a new member to a reserve bank...

NZ Economy Shrinks, Piling Pressure on Government

WELLINGTON – New Zealand's economic landscape has taken a sharp turn, with official figures revealing a 0.9% contraction in real...

Sri Lanka Targets 6% Growth in 2026 as 2025 Outlook Weakens

Colombo, Sept. 16 – The Sri Lankan government has set an ambitious target of achieving up to 6% economic growth...

Food Prices Rise 5% in New Zealand Over the Past Year

Wellington, Sept. 16 – New Zealand households are facing ongoing cost-of-living pressures as the latest figures confirm a 5% increase...

Sri Lanka Records Strong Tourism Growth in September

Colombo, September 15, 2025 – Sri Lanka’s tourism industry has shown a remarkable rebound, with over 52,000 tourists arriving in...

Chinese EV Giant XPENG Charges into New Zealand Market, First Showroom Slated for Auckland

AUCKLAND, NZ – The electric vehicle (EV) landscape in New Zealand is set for a significant shake-up with Chinese EV...

New Zealand Tightens Squeeze on Russia with Further Sanctions

WELLINGTON – In a concerted effort to deepen the economic pressure on the Kremlin, the New Zealand government has announced...

Sri Lanka’s Economy Shows Signs of Recovery and Strategic Shift

COLOMBO - In a series of positive economic developments, Sri Lanka has received a new grant from the Netherlands, commenced...

New Zealand Super Fund Targets Domestic Infrastructure Investments to Boost Economy

Wellington, New Zealand – September 8, 2025 – The New Zealand Superannuation Fund (NZ Super Fund), one of the country’s...

Sri Lanka’s Worker Remittances Surge 18% in August, Providing a Lifeline to the Economy

Colombo, September 8, 2025 – In a significant boost to Sri Lanka’s fragile economy, overseas worker remittances surged to US...

Amazon’s New Auckland Data Centers Spark Economic Debate:

The official opening of Amazon's new data centers in Auckland has sparked a wide-ranging debate about the true long-term benefits...

A Nation’s EV Ambition Stalls: Sri Lanka’s Import Crisis Deepens Beyond BYD

COLOMBO – Sri Lanka's ambitious transition to electric mobility is facing a major roadblock as a government-appointed committee expands its...

Air New Zealand Faces Fresh Turbulence: Leadership Transition Amidst Operational and Financial Headwinds

Sub-headline: As Air New Zealand grapples with post-pandemic recovery, operational disruptions, and customer dissatisfaction, the sudden resignation of CEO Greg...

Sri Lanka Seeks $500 Million Chinese Loan in Yuan: A New Chapter in Debt, Diplomacy, and De-Dollarisation

Sub-headline: As Sri Lanka struggles with debt restructuring and IMF-backed reforms, Colombo turns to Beijing for a $500 million yuan-denominated...

CEAT Commits $170 Million to Sri Lanka: A Landmark Investment in the Tyre Industry

Sub-headline: India’s CEAT Ltd announces a record-breaking $170 million investment in Sri Lanka’s tyre manufacturing operations, promising to boost exports,...