Weekly Digest- 9 October 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

More than 50,000 property investors making losses

More than 50,000 property investors in New Zealand are experiencing financial losses due to changes in tax rules and rising costs. The government’s decision to remove interest deductions has impacted investors negatively, leading to concerns about the future of the property market and rental affordability.

Handing over personal data: What are your rights?

Government announces new work programme to reform the building consent system

The Government has announced a new programme of work to investigate significant reform of the building consent system in New Zealand. The aim is to drive consistency, certainty and efficiency, making it clearer and easier for Kiwis to build.

A decade of deep tech just the beginning for emerging innovators

The article discusses the growth and potential of deep tech startups in New Zealand over the past decade. It highlights the increasing number of innovative companies in various sectors such as AI, biotech, and clean energy. The article emphasizes the importance of continued support and investment in emerging deep tech innovators.

Avatars Global

Avatars Global, a New Zealand-based tech startup, has developed a platform that allows users to create personalised avatars for online interactions. The company aims to revolutionise the way people communicate and engage in virtual environments, providing a unique and customisable experience for users worldwide.

Westpac NZ Offers Financial Support For Southerners Affected By Severe Weather

Westpac NZ is offering a range of financial support to business and consumer customers affected by heavy rain in Otago and Southland.

Weekly Digest- 9 October 2024