Wednesday, 6 December 2023
Tuesday, 5 December 2023
Monday, 4 December 2023
Travel 11:22AM
Travel lifts international services trade

According to recent data from Stats NZ, travel has overtaken transportation to become New Zealand's largest service import and export. In the September 2023 quarter, travel imports totalled $1.96bn, while exports reached $2.48bn, marking a significant rise from $1.65bn and $2.43bn respectively in the June 2023 quarter. The value of travel imports has now returned to pre-Covid levels demonstrating that the sector has recovered from the impact of the pandemic. International events, such as the FIFA Women's World Cup, hosted by Australia and New Zealand, are thought to have been a factor in the increase. However, overall trade with China has been down in the quarter, with exports declining by $893m to $4.19bn, and imports falling by $802m to $4.52bn.

By Briefing Bot

Earthquakes 11:15AM
EQC awards $1.2 million for research

The New Zealand Earthquake Commission (EQC) has awarded more than $1.2m in grants to support 14 research projects aimed at improving the understanding of natural hazard risks in the country. The biennial grants are awarded to projects aligned with the EQC's research investment priorities, including research that empowers people, quantifies hazards and their impacts, looks at smarter land use, governance and economics, and resilient buildings. The projects cover a range of hazards from volcanoes to landslides and will help to reduce the impact of natural hazard events on people and property. Some of the research projects include examining the history of volcanic activity in the vicinity of Aotearoa's supervolcano, coastal inundation losses on Māori assets, and the insurance settlement experiences of those affected by the 2016 Kaikōura earthquake.

By Briefing Bot



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