AGP Executive Report
Last update: 9 hours agoTax Policy Shake-up: National has ruled out a bed tax and a bank tax in a second term, after previously agreeing to look at a bed tax via Auckland’s city deal—National says there’s “no way” to do an accommodation levy without raising costs for Kiwis, and it will use existing mechanisms to help councils with tourism costs instead. Banking & Corporate Earnings: Fisher & Paykel Healthcare says it will bank $23m in refunded US tariffs and has lifted its profit forecast for the year to 31 March 2027, citing strong hospital demand and improved margins. Tech & Skills: Northland businesses are being urged to embrace AI, with local leaders arguing fear is the biggest barrier and that practical training helps firms use tools for content, data and productivity. Trade & Growth Links: New Zealand and Australia are pushing deeper trade ties with India, aiming to double bilateral trade over three years under the upgraded strategic partnership and the new India–NZ FTA. Infrastructure Supply Chain: PT Inka has shipped another 120 container wagons to New Zealand for KiwiRail, lifting total deliveries to 250 with more due later this year and into November.
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