ASB NewsBites

Managing relationships in a family business

Wednesday, 24^th May, 2017

Family businesses are a prominent feature of the New Zealand economy and an estimated 50% of businesses are family owned. These businesses can develop over many generations, but with growth can come uncertainty – this is where governance can help. ASB and the Institute of Directors have put together some tips for ensuring your family business is in the best shape for the future.

ASB Economic Update: Budget week

Wednesday, 24^th May, 2017

It’s announcement week in New Zealand this week. We kick off with Fonterra’s opening season milk price forecast for the 2017/18 season, which will be announced on Wednesday morning.

Focus will be on Fonterra’s opening season forecast and the Government’s 2017 Budget.
We expect Fonterra to start the season with a cautious milk price forecast of around $6/kg of milk solids.
The Government Budget is expected to remain in surplus over the forecast period, but may include tax tweaks.

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$178m Package for Tourism Infrastructure

Wednesday, 24^th May, 2017

The government has announced a new $102 million Tourism Infrastructure Fund which has been launched alongside $76 million in new funding for the DOC Estate. The Tourism Infrastructure Fund will provide $100 million over the next four years in partnership with local councils and other community organisations, for projects like new carparks, toilets and freedom camping facilities. 

ASB Economic Update: 2 elections down, 3 to go

Wednesday, 10^th May, 2017

The second round of the French Presidential election was concluded in the small hours of Monday morning (NZT) and has proven to be a victory for Emmanuel Macron, of the centre-left En Marche! Party.  The French election resulted in defeat for the Euro-…