Nona Pelletier

Auckland

Senior Business Journalist at Radio New Zealand (RNZ)

Senior Business Journalist, Radio New Zealand in Auckland

Articles

Charities' income and taxation data lacking, accounting body says

3 weeks 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

1 month 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.
Media company NZME reports $16 million full-year net loss

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

Media company NZME has reported a full year net loss after taking a non-cash writedown of $24 million on its publishing assets, along with a drop in underlying profit. The owner of the New Zealand Herald and various radio stations including Newstalk ZB, said there had been a slower than anticipated market recovery of its Communities publications, though the writedown did not affect its cash flow or operating profit.
‘Bit of a sweet spot’: NZ house price optimism surges

2 months ago | nzherald.co.nz | Nona Pelletier

By Nona Pelletier of RNZThe ASB Housing Confidence Survey shows a net 33% expect house prices to rise. A net 23% believe it’s a good time to buy, with interest rates expected to fall. Canterbury’s confidence increased, but overall caution remains due to high home inventory and market conditions. The number of New Zealanders expecting house prices to rise has returned to 2020 confidence levels.
Govt to push for more supermarket competition

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

You are not permitted to download, save or email this image. Visit image gallery to purchase the image. BusinessBy Nona Pelletier of RNZThe government says it will pull out all the stops to increase grocery competition but Monopoly Watch says it will probably require a break-up of the existing duopoly. The government said international supermarket chains and investors were interested in setting up shop in New Zealand and it was committing to helping them do it.
Tech Sector Jobs Market Remains Tight - But Expected To Bounce Back

2 months ago | indianweekender.co.nz | Nona Pelletier

The tech sector is expected to soon return to a tight labour market, which will quickly absorb a glut of people currently looking for work. Tech sector recruitment firm Talent country manager Kara Smith said competition for current tech jobs on offer was intense and overwhelming employers and recruitment agencies. She said Australia and New Zealand were both in the same boat when it came to the drop in tech sector job postings, but New Zealand was attracting twice as many applicants per job.
Visa Changes 'Going Back To What Worked': Immigration Lawyer

2 months ago | indianweekender.co.nz | Nona Pelletier

Changes to the Active Investor Plus visa requirements are expected to meet pent-up demand from international investors looking to live in New Zealand, the Association for Migration and Investment (NZAMI) say. NZAMI chair and immigration lawyer Simon Laurent saidthe changeswere a roll-back to pre-2022 settings, which were more successful in attracting much-needed international capital investment. "I think it's going to attract investment in the way that the old investor scheme attracted investment.
Hapag-Lloyd, Maersk alliance may lower freight rates but slow delivery

2 months ago | nzherald.co.nz | Nona Pelletier

Hapag-Lloyd and Maersk's Gemini Cooperation initiative will come into effect on February 1. Photo / Malisha KumarBy Nona Pelletier of RNZA collaboration between two of the world’s largest shipping companies could drive down sea freight prices, but the length of time for goods to reach their destination may be longer. Hapag-Lloyd and Maersk’s Gemini Cooperation initiative will come into effect on February 1 and cover the ocean freight network on East-West trades.
Three quarters of businesses concerned about economic uncertainty

Jan 12, 2025 | 1news.co.nz | Nona Pelletier

Uncertainty and ongoing market volatility continue to cast a shadow over 2025's business outlook. Datacom's latest Business Outlook Survey said economic uncertainty was the primary business concern for more than three quarters (77%) of a survey of more than 200 business leaders heading into the new year, compared with 13% a year ago. Datacom managing director Justin Gray said the results reflected the challenging environment businesses had been navigating over a prolonged period.
Labour market under further pressure as NZers head overseas

Dec 4, 2024 | 1news.co.nz | Nona Pelletier

The labour market is expected to become increasingly challenging, with an unprecedented number of people moving away from New Zealand, while AI is driving demand for skills that are likely to be in short supply. Recruitment firm Robert Walters said a lack of opportunities and inadequate salaries was driving people to seek employment overseas, which could mean the country lost a substantial number of highly skilled individuals, potentially for the long-term.