Nona Pelletier

Auckland

Senior Business Journalist at Radio New Zealand (RNZ)

Senior Business Journalist, Radio New Zealand in Auckland

Articles

Bank of New Zealand sees rise in net profit for first half

1 week ago | rnz.co.nz | Nona Pelletier

The Bank of New Zealand's first half net profit rose 4.3 percent with improved margins, though underlying profit was down on weaker revenue and higher costs. The Australian owned bank's bottom line was improved by a drop in bad debts and impairments.
Climate change protections will require collaborative, government-led approach - Insurance Council

2 weeks ago | rnz.co.nz | Nona Pelletier

The Insurance Council is encouraging help for property owners to maintain insurance coverage at an affordable price, as increasing risks push costs higher. The council's annual review for 2024 indicates global insurance premiums rose 30 percent last year as global losses exceeded $300 billion. Despite recent increases in premiums, council chief executive Kris Faafoi said there were signs premiums were stablising as inflation eased.
Energy generators, retailers, lines companies join forces to back transition plan

2 weeks ago | rnz.co.nz | Nona Pelletier

Energy sector leaders are backing the establishment of an energy transition framework aimed at ensuring energy remains secure and affordable, while supporting a high-growth economy. The newly established Energy Transition Framework's members include generators, retailers, lines and distribution companies, as well as independent consumer and advisory representatives and regulators acting as observers.
NZ lacking ‘digital ambition’

2 weeks ago | odt.co.nz | Nona Pelletier

You are not permitted to download, save or email this image. Visit image gallery to purchase the image. BusinessNew Zealand lacks the digital ambition required to keep pace with advances in technology taking place around the world, according to an industry report. "We don’t have a digital ambition," the Technology Users Association (TUANZ)’s annual Digital Priorities report said.
'We don't have a digital ambition' - Tech leaders on lack of national plan

2 weeks ago | rnz.co.nz | Nona Pelletier

New Zealand lacks the digital ambition required to keep pace with advances in technology taking place around the world, according to an industry report. "We don't have a digital ambition," the Technology Users Association (TUANZ)'s annual Digital Priorities report said. It said there was a strong perception among tech sector leaders the government lacked a coordinated and strategic approach to digital transformation, which had seen a slowdown in innovation and investment.
Visa calls for ban on surcharges

2 weeks ago | rnz.co.nz | Nona Pelletier

Credit card company Visa is calling for a ban on the surcharge fee some merchants charge card-paying consumers at the point of sale. The Commerce Commission was undertaking a review of card charges, and considering cutting the regulated interchange fee card companies can charge banks by as much as 75 percent, for example. Card interchange fees were in turn passed on by banks to merchants at whatever rate the merchant can negotiate, meaning that some pay much more than others.
Review to probe 'complex issues' stemming from emergency hydro storage

3 weeks ago | rnz.co.nz | Nona Pelletier

Transpower says it is putting New Zealand's security of electricity supply first, when it comes to deciding when hydro storage held in reserve can be used. Transpower's head of operations Chantelle Bramley said its issues paper received a wide range of feedback from stakeholders that delivering a secure supply of electricity now and into the future was the priority.
Surging gold prices reflect global jitters as NZD climbs past US60c

3 weeks ago | rnz.co.nz | Nona Pelletier

Gold prices are on a record-breaking streak as the US dollar continues to weaken against most major currencies. Spot gold hit another record high of US$3,440 an ounce in early trading, following US President Donald Trump's reposting of a comment over the long holiday weekend. "The Golden Rule Of Negotiating And Success: He who has the gold makes the rules."However, Westpac currency strategist Imre Speizer said there were other reasons why gold was finding favour with investors.
Charities' income and taxation data lacking, accounting body says

1 month ago | rnz.co.nz | Nona Pelletier

Inland Revenue's review of taxation on charities lacks data, is not clear about what issues it is trying to address, and could do more harm than good, New Zealand's Chartered Accountants' body says. "Making charities pay tax on business activities deemed not to be connected to their charitable purpose, and then claim back a deduction when funds are transferred to the charity, would result in a significant administrative burden," Chartered Accountants NZ tax leader John Cuthbertson said.
Mortgage arrears at an eight-year high - Centrix

2 months ago | 1news.co.nz | Nona Pelletier

The economic climate remains challenging with all manner of debt creating hardship for consumers and businesses alike, according to the latest report by credit agency Centrix. The January credit report indicates mortgage arrears were at an eight-year high, with personal loans, buy-now-pay-later (BNPL), retail energy and telco arrears on the rise.