2013 news releases

Browse the following list of 2013 news releases published by PwC New Zealand.

No surprises in the New Zealand Government Budget update

[17 December 2013]

PwC Director Chris Money says, "There were no real surprises in today’s Government release of the Half-Year Economic and Fiscal Update and Budget Policy Statement."

PwC has today welcomed the release of the Financial Markets Authority's Audit Quality Review Report

[5 December 2013]

PwC Partner Michele Embling says, "Audit quality has and always will be fundamental to our role in the capital markets. It is a key component in building confidence through supporting reliable and transparent financial reporting. We therefore support the FMA's programme of audit quality inspections and today's release by of the FMA findings from the first round of audit quality reviews.

Electricity retailers supercharge their customer offerings to compete and grow

[29 November 2013]

New Zealanders can expect more innovative retail offerings from the country’s power companies as they work harder to grow in a fiercely competitive market, according to PwC's Leading Energy analysis.

Challenges and changes ahead for New Zealand’s power companies

[29 November 2013]

Less demand, spare generation capacity and high retail competition means more challenging conditions for New Zealand’s electricity companies, finds PwC’s Leading Energy analysis.

PwC welcomes IR’s proposals to help comply with US reporting obligations

[22 November 2013]

Inland Revenue (IR) has today released draft legislation to facilitate compliance with the United States (US) Foreign Account Tax Compliant Act (FATCA) regulations.

Resetting New Zealand’s businesses for growth in Asia Pacific

[6 October 2013]

The trend towards urbanisation in many Asia Pacific economies, rising domestic consumption and middle-class demands, coupled with near-total mobile penetration and a need for infrastructure investment is driving business confidence across the region.

Learning from disaster to build back stronger

[3 October 2013]

In a new global report released today, Rebuilding for resilience: fortifying infrastructure to withstand disaster, PwC finds building disaster-resilient infrastructure is key to saving lives and economic losses.

The dirty war on information security

[20 September 2013]

Organisations are raising the bar to protect themselves from information security risks, but losing the battle against adversaries who are doing even more, according to The Global State of Information Security® Survey 2014, released today by PwC.

Top innovators race up the growth curve

[11 September 2013]

PwC finds innovation is moving from the fringes into the mainstream. The world’s most innovative companies expect to grow by more than 60 percent, enjoying a NZ$318 billion revenue boost over the next five years, finds a new PwC study released at a meeting of the World Economic Forum in China today.

Mother Nature keeps the Kiwi insurance industry on its toes

[07 August 2013]

What are its top-five risks?

Like most New Zealanders, the threat of natural disasters and more earthquakes are on the minds of our nation’s insurers, closely followed by reputational risk, and strategic and operational priorities.

PwC New Zealand boosts its presence in Southeast Asia

[02 August 2013]

PwC is growing its presence and consulting capability in Southeast Asia, with the formation of a new joint venture with PwC Consulting practices in Southeast Asia, Australia and the United States.

Three new partners reflect the changing needs of New Zealand’s businesses

[14 June 2013]

Doing business in New Zealand and with the rest of the world has never been more complex and fast changing.

To adapt to the evolving market, PwC New Zealand is bolstering its partnership team in response to its clients asking for more business support across a greater number of specialised areas.

New Zealand online space: Show me the money

[05 June 2013]

The digitisation of New Zealand’s entertainment and media businesses is paying off with online advertising revenues showing double-digit year-on-year growth.

The Chinese spending spree: value of Chinese M&A deals into mature markets soars to a record high

[24 May 2013]

The Chinese shopping cart is filling fast as more of China’s private and state-owned businesses look to mature markets, such as New Zealand and Australia, for investment opportunities.

PwC is recognised as one of Wellington’s most attractive employers

[23 May 2013]

PwC has taken home the ‘Most Attractive Employer - Competitive Salary & Employee Benefits Wellington’ special category award at the Randstad Awards, held this morning in Wellington.

Blackhole expenditure relief

[16 May 2013]

In the Budget today, the Government announced its intention to provide tax deductions for six types of expenditure that previously fell in a tax ‘blackhole’ - that is the costs were not deducible upfront or depreciable over time.

Tax change for multinationals

[16 May 2013]

The Government confirmed today in the Budget it will push ahead with changes to the thin capitalisation rules that invest in New Zealand.

A fiscally expected Budget, yet with some nice surprises

[16 May 2013]

Minister of Finance of Bill English's fifth budget reconfirmed the Government's track to a surplus of $75m in 2015.

Cameron Partners and PwC congratulate the LGFA on receiving prestigious award

[9 May 2013]

The Local Government Funding Agency won the ‘Debt Issue of the Year’ award at the INFINZ (Institute of Finance Professions New Zealand) annual industry awards, held last night in Auckland.

Financial services talent models are unsustainable in new business climate

[26 April 2013]

Research from PwC has found global financial services CEOs view talent shortages and limited availability of skills as the biggest threat to growth.

PwC Global’s latest report Seizing back the people agenda also suggests current models for people management are unsustainable in the face of new market realities and that rebuilding trust and re-engagement with employees, customers and society as a whole is needed.

Update on Department of Labour prosecution of Pike River Coal Limited (In Receivership)

[18 April 2013]

PwC Partners John Fisk, David Bridgman and Malcolm Hollis, Receivers of Pike River Coal Limited (in Receivership) (PRCL) note the District Court’s judgment today in the prosecution of PRCL.

Judge Farish has found PRCL guilty of all nine charges under the Health and Safety in Employment Act.

AsureQuality & PwC New Zealand: Partnership to offer significant benefits for New Zealand and China agriculture industries

[10 April 2013]

Beijing, China: New Zealand Government-owned AsureQuality and PwC New Zealand have today signed a collaboration framework agreement with China Mengniu Dairy Company Limited and COFCO Corporation to investigate the development of a China New Zealand agribusiness service and Food Safety Centre of Excellence in China.

Competing for China: New Zealand needs to trade up to an investment relationship

[3 April 2013]

Global CEOs rate China as the world's top destination for foreign investment, which is consistent with its significantly expanding economy, according to a global survey by PwC and the China Development Research Foundation.

The survey ‘Choosing China: Improving the investment environment for multinationals’ found more than half (56%) of CEOs surveyed chose China above other major and emerging economies including Brazil, Russia, India and the US.

Update on Mainzeal Property and Construction Limited and associate entities (In Receivership and in Liquidation)

[14 March 2013]

PwC Partners Colin McCloy and David Bridgman, as Receivers to Mainzeal Property and Construction Limited and associated entities, today have provided an update on this receivership.

New Zealand business and public sector organisations rethink debt

[26 February 2013]

New Zealand businesses and public sector organisations are being more prudent in their approach to debt management than before the global financial crisis, shows the latest PwC’s New Zealand Debt Survey of organisations with $50 to $500 million of outstanding debt.

New report calls for a new way of working between business and the public sector

[21 February 2013]

More risk, more discussion and more sharing and understanding between the business and public sector are the key outtakes from this year’s PwC Government and the 16th Annual Global CEO Survey: a new contract between business and the state.

Update on Mainzeal Property and Construction Limited and associated entities (In Receivership)

[20 February 2013]

PwC Partners Colin McCloy and David Bridgman as Receivers to Mainzeal Property and Construction Limited and associated entities today have provided an update on their current plan for this receivership.

Update on Mainzeal Property and Construction Limited and associated entities (In Receivership)

[11 February 2013]

PwC Partners Colin McCloy and David Bridgman as Receivers to Mainzeal Property and Construction Limited and associated entities (In Receivership) have confirmed their current plan of activities for this receivership.

PwC appointed receivers to Mainzeal Property and Construction Limited and associated entities

[6 February 2013]

Colin McCloy and David Bridgman, Partners from PwC today have been appointed receivers to Mainzeal Property and Construction Limited and associated entities as a result of a request made by its director to BNZ.

Foreign business and investment in China is more vital than ever

[4 February 2013]

As China’s new leaders confirm their commitment to ongoing reform and continued support for foreign direct investment, market entrants can find a path to sustainable success in China if they bring an open mind and a flexible strategy, according to PwC’s latest edition of Doing Business and Investing in China.

New Zealand's five major banks report lending up, but profits down

[1 February 2013]

New Zealand’s five major banks (ANZ Bank New Zealand, ASB, Bank of New Zealand, Kiwibank and Westpac) posted their biggest growth in lending since 2009, in the second half of their 2012 financial years. Yet, they saw pre-tax profits decrease 11% compared with the previous six months.

The US Department of Treasury and Internal Revenue Service have released final FATCA guidance

[21 January 2013]

The publication of the final regulations means New Zealand banks, investment managers and insurance companies can now move forward developing their compliance programmes with more confidence.

The regulations are long awaited by the global financial services sector, which has been waiting for clarification of the Foreign Account Tax Compliant Act (FATCA) obligations they will need to comply with from 1 January 2014.

The 10 myths of multichannel retailing

[21 January 2013]

Our new thought leadership piece, Demystifying the online shopper: 10 myths of multichannel retailing, is based on survey of more than 11,ooo online shoppers over 11 countries on three continents, including both mature economies and emerging markets. The 11 countries covered in the survey are Brazil, Canada, China, France, Germany, the Netherlands, Russia, Switzerland, Turkey, the United Kingdom and the United States.

The 10 myths debunked in the report range from what kinds of devices consumers use to shop to the future profile of the global consumer.

Global economic centre of gravity shifts, but even emerging economies face growth challenges, says PwC report

[16 January 2013]

The global financial crisis has accelerated the shift of the economic centre of gravity, with China, the US and India set to be the three major economies by 2050; but the emerging economies do face major challenges in their bid to sustain their recent strong growth.

These are just two findings from the latest World in 2050 report published by PwC’s macroeconomics team.