Business

Businesses owe more than $1.4b in unpaid tax

Businesses owe more than $1.4b in unpaid tax

NZ businesses owe more than $1.4b in unpaid GST and PAYE from the 2025 tax year - a sign of the stress many parts of the economy are still under, commentators believe.

Chch solar farm’s first panels installed

The first solar panels are being fitted as the Kōwhai Park solar farm rises from the ground on...

Chch solar farm’s first panels installed

A 230-hectare solar farm project has had its first row of solar panels installed with many more to go on Christchurch Airport property.

Contractor goes into liquidation

Timaru plumbing and building contractor GFY Ltd has gone into liquidation by a court order owing Inland Revenue (IRD) about $915,000.

How NZ's tax system compares with other countries

How NZ's tax system compares with other countries

Do you know how much the average person in New Zealand pays, and how that compares to other countries?

Unemployment to hit nine-year high

Employment rose 0.5% in the quarter to 2.61 million and was 3.7% higher than a year earlier....

Unemployment to hit nine-year high

Unemployment is set to hit its highest level in nearly nine years, as the lagging effects of last year's recession and the sluggish recovery hit hiring and wages.

Forestry conversions spur study

Kathryn Wright is researching how land use change affects rural community connections and mental...

Forestry conversions spur study

Rural mental health advocate Kathryn Wright is undertaking what she believes to be the first social research in New Zealand on population loss due to forestry conversions.

Waste-to-power venture gains global recognition

Winners at the 2025 Anaerobic Digestion and Biogas Industry Awards, including Eco Stock Supplies...

Waste-to-power venture gains global recognition

Ecogas — a joint venture between Central Otago’s Pioneer Energy Group and Ecostock Ltd — has received global recognition, winning AD Hero of the Year.

Harsh times cited for liquidation

Harsh times cited for liquidation

Harsh economic times have been cited as the reason for the liquidation of a Wānaka interior design business.

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Venture aimed at helping women find their feet, seat

Gemma Smith is sharing her own patch of paradise near Queenstown with other women keen to get in...

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Venture aimed at helping women find their feet, seat

After a career as an urban planner and then running a childcare centre business, Wakatipu’s Gemma Smith is changing tack for a different pace of life.

Synlait loss turnaround ‘will take time’

In April this year, the Canterbury-based company put forward various options to rescue its...

Synlait loss turnaround ‘will take time’

Canterbury-based milk processor Synlait Milk is anticipating a loss after tax of $27 million to $40m after manufacturing challenges at its Dunsandel factory.

Organic veg farm loses $250k worth of crops

One of the owners of Untamed Earth Organic Farm, Ollie Platt. Photo: Penny Platt

Organic veg farm loses $250k worth of crops in floods

An organic vegetable farm in Canterbury lost about $250,000 of crops in the flooding which saturated the region in early May.

Wānaka holiday park sold to overseas investor

Holiday park sold to overseas investor for unknown sum

Wānaka's award-winning Top 10 Holiday Park has been sold to an overseas-based joint venture, which intends to maintain its current use.

New Air NZ boss announcement sparks backlash

Nikhil Ravishankar will take over as CEO in October. Photo: Supplied / Air NZ

New Air NZ boss announcement sparks backlash

News organisations have been forced to restrict or disable comments on social media on Nikhil Ravishankar's appointment due to a torrent of abuse.

$5.4m loss reported after site closure

Ravensdown says the closing of fertiliser manufacturing in Dunedin took a toll on its bottom line...

$5.4m loss reported after site closure

Ravensdown has reported a loss of $5.4m after tax and one-off costs for the year ending May, with the costly closing of Dunedin fertiliser manufacturing among challenges.

40% of workers jobless after supermarket fire, union hits out

A major fire destroyed the Victoria Park New World supermarket in June. Photo: RNZ/Marika Khabazi

40% of workers jobless after supermarket fire, union hits out

Only just over 100 of more than 180 people employed by Victoria Park New World have so far found work in other Foodstuffs supermarkets.

100 jobs set to go at Wētā FX

A scene from House of the Dragon, one of the award-winning TV series using Wētā FX. Photo: Supplied

100 jobs set to go at Wētā FX

"The vibe is terrible. We're surrounded by good people and we are supporting each other, [but] morale is very low," one staffer says.

NZ slapped with 15% US tariff

Finance Minister Nicola Willis says New Zealand has been hit by a "very blunt formula" after the United States announced a new tariff on exporters.

Southern businesses buck trend

Otago's small businesses are finding a way to increase sales while North Island centres go backwards.

Air New Zealand appoints new chief executive

Air New Zealand has appointed its new chief executive from within its own ranks.

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Ditching payment systems a right: cafe owner

The government announced this week it planned to ban some surcharges for in-store payments by May...

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Ditching payment systems a right: cafe owner

Businesses concerned about the impact of banning certain in-store surcharges are "well within their right" to scrap the payment systems altogether, a Dunedin cafe owner says.

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