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Heartland New Zealand, which gained bank registration in December, posted a 9.2 percent gain in first-half profit on increased earnings from retail, business and rural lending and a reduction in costs. Profit rose to $10.7 million in the six months ended Dec. 31, from $9.8 million a year earlier, the Christchurch-based company said in a statement. Net operating income rose …

Ministry for Primary Industries  Director-General Wayne McNee says overseas regulators have  said they would like to know about issues like DCD residues in NZ dairy products before information is given to the media. McNee says none of the dairy products recently destroyed by Chinese authorities contained DCD residues. China’s food quality authority’s met recent quarterly list of products that have not …

APN News & Media plans to go to the High Court to defend an IRD claim to $48m (plus 50% penalties and interest) over interest claimed on “certain financing transactions”. The dispute involves tax of NZ$48 million for the period up to 31 December 2012. The IRD is seeking to impose penalties of 50% of the tax in dispute and …

Foreign Affairs Minister Murray McCully and Defence Minister Jonathan Coleman say New Zealand will continue to make a small but proportionate military commitment to the international mission in Afghanistan from May 2013, and remains committed to international efforts to improve the security and prosperity of Afghanistan. “The current NATO/ISAF mission is not scheduled to end until December 2014. As previously …

Face-to-Face is a new feature from newzealandinc.com where we sit down for a chat with young business leaders from around the globe. We’ll be running a special series of these from China where we talk to young New Zealanders doing big things on the ground here. Today newzealandinc.com looks at China through the lens of a life-long educator. Ryan Scott …

Face-to-Face is a new feature from newzealandinc.com where we sit down for a chat with young business leaders from around the globe. We’ll be running a special series of these from China where we talk to young New Zealanders doing big things on the ground here. Today we’re talking to Darren Foo, a Singapore born New Zealander currently working for …

Parliament’s outgoing Speaker Lockwood Smith let the proverbial out of the bag by revealing in his valedictory speech this evening that Simon Tucker is NZ’s High Commissioner-designate to Canada. Tucker – a former MFAT official and Fonterra manager – was until recently a boss at DairyNZ. Smith acknowledged Tucker as one of a trio of talented former staffers who had …

BNZ has launched ‘YouMoney’ – an innovative new online banking system built from the ground up to capture a bigger share of the youth “digital natives” banking market. “Young people told us they want their personal banking to be easy and intuitive – so that’s what we’ve created,” says BNZ director of retail, Andy Symons. In contrast to the standard …

“Parents feel the pinch of tainted milk” was the headline over this opinion article by China Daily editor-at-large Bai Ping over the weekend. It gives an insight into the lengths Chinese parents go to ensure safe foods for their babies and young children. “Although I’ve been coping with the incessant stranglehold of smog on Beijing with considerable calm, recent reports …