Port of Tauranga, the country’s biggest export port, will spend $34 million on Mount Maunganui-based log marshalling and scaling business Quality Marshalling. The deal will take effect from February next year and immediately add to the port’s earnings, the company said in a statement. Quality Marshalling had revenue of $18 million in the 2012 year, and is privately owned by …

New Zealand guest nights rose in October, led by an increase in short-term stays by overseas visitors. essays writing service Total guest nights at short-term commercial accommodation rose 4.1 percent in October from September to 2.6 million, seasonally adjusted, according to Statistics New Zealand. Guest nights rose 3.3 percent from the same month of 2011. International visitor nights rose 10.3 …

The Reserve Bank has rejected submissions by Australian-owned banks operating in New Zealand for relief from new rules to guard against bank failures which will see them pay around $25 million in extra tax annually in this country. The concerns of the Australian banks are reported in the RBNZ’s response to submissions on the impact of new capital adequacy rules, …