RNZ-Reid Research poll: Bleak numbers for Luxon, but no obvious successors

Source: Radio New Zealand

Half of respondents think NZ is headed in the wrong direction under this coalition government, while just 32.3 think it’s headed the right way. File photo. RNZ

Analysis: Christopher Luxon’s personal performance and that of his party is worse, and more people think the country is headed in the wrong direction under his government.

Those are the bleak messages being sent by voters in the latest RNZ-Reid Research poll.

The poll has National on just 30.8 – only just scraping above the death knell threshold of anything with a 2 at the start of it.

For Luxon personally his preferred prime minister score is 17.3 – down from 19.4 in RNZ’s last poll in January.

While there’s been speculation in recent weeks off the back of another bad poll that Luxon’s time as leader could be running out, the RNZ-Reid Research poll doesn’t point to any obvious successors.

Housing Minister Chris Bishop only reached 0.6 percent – down from 1.3, while often tipped future leader and Education Minister Erica Stanford registered 1.4 percent, up slightly from 1.2 at the last poll. Not exactly threatening results.

For Luxon, however, it’s his net favourability – the difference between those who think he’s doing well and those who rate his performance badly – where things really take a dive.

The Prime Minister has a net favourability score of -20.6, even worse than the dismal result he got in the last poll of -14.

If it’s the economy that Luxon will turn to for a brighter outlook, it’s only bad news there too.

Half of respondents – 50 percent – now think the country is headed in the wrong direction under this coalition government, while just 32.3 think it’s headed the right way.

Compare that with January when 46.6 percent picked wrong direction versus 36.3 that picked right and it’s another public sentiment tracking the opposite way to what Luxon and his team would like.

It’s worth noting 72.6 percent of National voters felt the country was headed the right way but a much smaller number for Act – just 57.5 percent – and an even worse showing for New Zealand First – only 26.6 percent – paints a story of coalition supporters also feeling gloomy.

While the net figure for wrong and right direction has been dropping since the first RNZ-Reid Research poll in March 2025, it did lift slightly in the last poll in January, only to plunge to an even lower score this time round.

The grim warnings are hot on the back of another poll that had National on 28 percent.

The Taxpayers’ Union Curia poll that was published on March 6 was a catalyst for questions over Luxon’s leadership and speculation that grew so fevered he had to go on air at the last minute for an unscheduled interview to dampen it down.

On RNZ-Reid Research’s poll numbers Labour, New Zealand First and the Greens had a slight improvement on their party vote while everyone else suffered drops.

Labour has the biggest share with 35.6, while New Zealand First is on 10.6, the Greens 10.1, Act 7 and Te Pati Maori 3.2.

Labour leader Chris Hipkins was also down in his preferred prime minister rating, on 20.7, while his net favourability was comfortably ahead of Luxon’s on +0.3.

While this poll covers the period in which Hipkins was in the media denying a number of allegations made by his ex-wife, which she had posted to social media, at least half of those polled had already been counted before that story broke.

If this poll result played out on election night, both the centre-right and the centre-left blocs would get 60 seats – not enough to form a government, leaving a hung parliament.

It’s been a tough month for New Zealanders already suffering a years-long cost of living crisis, with spiking prices at the pump, at the supermarket, and on other services like flights.

The ongoing war in Iran and no end-date in sight has people feeling nervous about the months ahead.

Winter is also looming, when Kiwis inevitably feel the pressure of sky-rocketing power prices.

It’s a less than rosy outlook and what this poll suggests is that National is wearing a lot of the responsibility for that and people aren’t enamored with Luxon.

Unpopular prime ministers have won elections before and it’s still seven months out from polling day, but the runway for turning the economy around is growing shorter by the week.

The problem with campaigning on getting the country back on track, as National did in 2023, is that sometimes situations well outside of its control can have an overwhelming impact on whether that’s achieved or not.

Rather than quietly cursing the policy-light Opposition at home, it’s political friends (perhaps turned foes) abroad who are causing Luxon the most grief.

*The RNZ-Reid Research poll covered the period of the 12th to the 20th of March and interviewed 1000 respondents online. It has a margin of error of +/- 3.1 percent.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/23/rnz-reid-research-poll-bleak-numbers-for-luxon-but-no-obvious-successors/

Live: Fuel price fears grow as Trump and Iran trade threats

Source: Radio New Zealand

US President Donald Trump has vowed to ‘obliterate’ Iran energy facilities if it doesn’t’ open the Strait of Hormuz.

The threat has added to worries in global markets.

Meanwhile, Finance Minister Nicola Willis said on Sunday New Zealand’s fuels stocks remain at seven weeks’ worth, including stockpiles.

Fuel price app Gaspy has altered features in an attempt to avoid errors and deliberate misinformation about current prices of petrol.

And the government has announced a $50 million plan to double electric EV chargers in New Zealand.

Follow all the updates in our live blog at the top of this page.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/23/live-fuel-price-fears-grow-as-trump-and-iran-trade-threats/

Fonterra’s first half expected to deliver despite impacts of war in Iran

Source: Radio New Zealand

The market consensus for the six months ended January was for revenue in the order of $11 billion. 123rf / Supplied images

Fonterra’s first half result is expected to deliver to expectations, but with a murky outlook as the war in Iran threatens global supply chains, along with rising energy and other costs.

Generate KiwiSaver investment specialist Greg Smith said strong demand for dairy products as well as the low value of the New Zealand dollar would help Fonterra through the ongoing volatility, though there could be some disruption to its cheese exports to places such as the United Arab Emirates, as an example.

“So there are some impacts there, and product that potentially will need to be re-routed,” Smith said.

The market consensus for the six months ended January was for revenue in the order of $11 billion, with an underlying profit of $976 million and a normalised net profit of $445m.

The first half dividend was expected to be about 21 cents per share, in addition to a special Mainland dividend in a range of 14-to-18 cps, following the completion of the sale of Fonterra’s Mainland Group of global consumer and associated business to Lactalis for $4.22b.

Where is the growth coming from?

The company was forecasting growth in its ingredients and food services business to fill any gap left by the sale of the consumer business by the year ending July 2028.

“Unlike other company results, I think the focus this time in particular (will be) less on the numbers… and I think that’s principally reflecting the strategic reset that’s underway,” Forsyth Barr senior equities analyst Matt Montgomerie said.

Two key focuses will be on where Fonterra’s debt levels, following the divestment and how the ingredients and food services businesses were planning to fill the earnings gap left by the sale of the consumer businesses.

Forecasts

  • FY26 forecast earnings guidance from continuing operations at between 45 and 65 cents per share.
  • Current season forecast Farmgate Milk Price midpoint $9.50 per kgMS – range of $9.20-$9.80 per kgMS.
  • Target to close Mainland underlying earnings gap of $300m – FY28 to match FY25.

“Delivery and execution and messaging around that target is the key for the next few years,” Montgomerie said.

Who will lead Fonterra?

Fonterra chief executive Miles Hurrell resigned this month following a 25-year career with Fonterra, including eight years as chief executive after the resignation of the late Theo Spierings in 2019, who failed to connect with farmer-shareholders and left the company in a poor financial position, with high debt levels to deal with.

Montgomerie said farmers will want to see someone who operates in a similar mode to Hurrell, who was able to relate to farmers on a day-to-day business and deliver on the turnaround strategy.

“The farmers are looking for consistency and continuity. Obviously, change can bring about new perspectives, but I would be surprised if there are any notable changes in strategic direction with the new CEO,” he said.

“It feels like there’s a strong desire to provide sort of an opportunity for someone internally to continue the strategic direction of the business. But I think the key thing is that reliability and trust from a farmer point of view, but then also Fonterra’s customers all around the world.”

Smith said the next chief executive will have “big gum boots to fill”.

“I’m sure there’ll be a swathe of high quality internal candidates put forward but also no doubt there’ll be a global benchmark process,” he said.

“I don’t really think there’ll be a significant change in strategy, given all the effort that has gone into refocusing and simplifying the business.”

The bigger picture?

Smith said the sale of the Mainland business will give the New Zealand economy a much needed boost.

“The Mainland sale is going to inject potentially around $3 billion, if not more into the Kiwi economy,” Smith said.

“So that’s a positive story for the second half of the year, economically.”

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/23/fonterras-first-half-expected-to-deliver-despite-impacts-of-war-in-iran/

Shot putter Tom Walsh remains on top of the world

Source: Radio New Zealand

Gold medalist Tom Walsh after the Men’s Shot Put Final at the World Athletics Indoor Championships, Poland, 2026. ANDRZEJ IWANCZUK / AFP

Tom Walsh has retained his World Indoor shot put title to become the all-time record holder in the event.

Walsh kept his best until last, overtaking American Jordan Geist with his fifth effort and then extending that lead with his final throw of 21.82 metres to collect his fourth indoor gold.

He has now won seven indoor medals, a men’s record.

His winning throw of 21.82m was a season’s best.

No other man has won this title more than three times.

Walsh has now equalled Dame Valerie Adams total in indoor gold medals, the two global shot put greats stand alone in their career dominance of the indoor championship arena.

Walsh has previously won gold in 2016, ’18 and ’25, silver in ’24 and bronze in ’14 and ’22.

The 34 year old is also a former world champion (outdoor), winning the title in 2017.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/23/shot-putter-tom-walsh-remains-on-top-of-the-world/

KiwiSaver members get human rights warning

Source: Radio New Zealand

Responsible investment platform Mindful Money said investments in companies with exposure to human rights abuses rose 43 percent in the past six months. RNZ / Quin Tauetau

Responsible investment platform Mindful Money warns that KiwiSaver investors are increasingly exposed to human rights abuses – but one KiwiSaver manager says the list of companies to avoid is becoming too long to be realistic.

Over the past six months, Mindful Money said investments in companies with exposure to human rights abuses rose 43 percent, reaching more than $3.5 billion. This has been fuelled by both an increase in the number of companies identified as violating human rights and increased investment in those companies.

It said public surveys consistently showed that avoiding human rights abuses was the No.1 concern for KiwiSaver members.

“These findings highlight a growing gap between what New Zealanders want from their investments in terms of human rights and where their money is actually going,” said Mindful Money founder Barry Coates.

In recent years, attention has increasingly focused on the activities of major technology companies, particularly around surveillance, social media harms and their use in conflict situations, he said. Companies identified as raising human rights concerns included Meta, Tesla, Thermo Fisher Scientific and Palantir Technologies.

“KiwiSaver providers need stronger policies to screen out companies linked to serious human rights harms,” Coates said. “New Zealanders deserve confidence that their retirement savings are not contributing to exploitation or conflict.”

Concerns have also grown over investments in companies linked to the conflict in Gaza, the West Bank and Ukraine. KiwiSaver investments in companies providing weapons, surveillance technology or other support linked to these conflicts increased 14 percent between March and September 2025, reaching $856 million.

Companies receiving increased investment during this period included IBM, Booking Holdings, Palantir Technologies, Motorola Solutions and Caterpillar, but Koura founder Rupert Carlyon said the bar was too high.

“We look at a company like Caterpillar, which is on their list of human rights issues, because they supply machinery into Israel.

“It’s also a company that does a huge amount of good in other parts of the world – it’s extremely hard to measure.”

He said clients were most concerned about returns and fees.

“My very strong view is actually, if you really want to make a difference, then you’re going to make much more of an impact, if you don’t support them as a customer than as an investor.

“Airbnb… you’re going to stop investing in Airbnb, because you think there are human rights issues? Does that mean that, you know what, we’re never going to use Airbnb ever again?”

Pathfinder Asset Management founder John Berry said his KiwiSaver funds avoided those companies.

“Based on the approach taken by Mindful Money, they are taking a values-based approach to human rights and other issues, and I think it’s entirely appropriate,” he said. “They disclose their methodology and the approach they’re taking, and they give the managers the opportunity to respond.

“I think that’s a really well-developed and well-thought-out approach.

“I think it’s good that there’s a range of options for, you know, some fund managers may focus primarily on just making money. Other fund managers, like Pathfinder, focus on putting a values-based lens, really strong values-based lens over our investing.”

He said individuals and fund managers should make their own decisions about what they were comfortable with.

“I think the starting point with thinking about human rights, and thinking about it from a fund-manager perspective and an investor perspective, is to think about what is your mission with investing.

“There are two sides to it. One is you can consider human rights from a values-based perspective, that you care for people, planet, animals and you want to sleep at night with your investments.

“The other side is you believe that companies that comply with human rights will deliver better long-term returns, because they will be trusted, they’re good corporate citizens and they will have stronger reputations, so they’ll be financially better.

“I actually believe both those things are true.”

Coates said avoiding problematic companies would likely be more effective than trying to change them.

“These are major global corporations and New Zealand investors have only a small share of their capital,” Coates said. “It is unlikely that fund managers sending letters or voting a few shares will change their practices.

“If companies are linked to human rights violations, fund providers should respect the wishes of their clients and avoid investing in them.”

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/23/kiwisaver-members-get-human-rights-warning/

Watch: Seven weeks worth of fuel stocks in NZ – Finance Minister Nicola Willis

Source: Radio New Zealand

The finance minister says New Zealand’s fuel stocks remain at seven weeks worth, including stockpiles.

But Nicola Willis concedes that keeping that buffer was still “dependent on ships like this continuing to turn up”.

Speaking on Sunday afternoon at Channel Infrastructure’s Marsden Point Energy Precinct, Willis said she wanted to provide more information to address peoples’ concerns about delays in that supply.

She said New Zealand had a number of places fuel supplies arrive into the country, but Marsden Point is the largest.

Today’s visit comes amid fears of an energy crisis, with the global price of oil skyrocketing in the wake of the US and Israel’s attack on Iran.

Iran’s response has included threatening ships passing through the Strait of Hormuz, a key channel for the transportation of fuel exports from the Middle East, and strikes on US-friendly neighbours’ energy infrastructure.

Marsden Point is New Zealand’s fuel import terminal, and until 2022 also had an oil refining facility. New Zealand now relies on imported refined fuels, without a facility to refine raw products.

Senior coalition politicians are at odds over whether the facility should have been closed.

Marsden Point. RNZ / Peter de Graaf

Willis told Morning Report on Friday price increases were extremely tough and affecting all New Zealanders, but some were feeling it more than others.

“I can’t solve the pain for everyone. The cost of doing that would potentially involve levels of spending that would drive inflation higher, and certainly would put us in a more fragile position in terms of debt.

“So what we are looking at, is there something very targeted and temporary that we could do to assist those workers in particular who are most acutely impacted by these household budget squeezes?”

IRD and Treasury have been asked to come up with a package that could be implemented with urgency ahead of the Budget.

Willis will talk to the media at 2pm – watch it live here.

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LiveNews: https://livenews.co.nz/2026/03/22/watch-seven-weeks-worth-of-fuel-stocks-in-nz-finance-minister-nicola-willis/

Hundreds of Countries, Thousands of Cities, Ten Thousand Events’ Cloud Taiji Global Flash Mob Held at Wudang Mountain in Shiyan, China

Source: Media Outreach

SHIYAN, CHINA – Media OutReach Newswire – 22 March 2026 – On March 21, the world’s first “International Taijiquan Day,” jointly organized by the Wushu Sports Administration Center of the General Administration of Sport of China, the Chinese Wushu Association, the Hubei Provincial Department of Culture and Tourism, the Hubei Provincial Sports Bureau, and the Shiyan Municipal People’s Government, officially opened. As one of China’s four main venues, Shiyan staged a themed performance at Wudang Mountain under the banner “Wudang of the World; Taiji for Humanity,” and simultaneously launched the “Hundreds of Countries, Thousands of Cities, Ten Thousand Events” Cloud Taiji global flash mob, inviting Taijiquan enthusiasts worldwide to perform Taiji together and witness this historic moment.

At 9:00 a.m., nearly a thousand guests, inheritors and Taiji culture enthusiasts from across China and abroad gathered at the foot of Wudang Mountain. Landmark sites around the world—Times Square in New York, the Eiffel Tower in Paris, the Sydney Opera House, the Egyptian Pyramids, and others—joined via video link to “dance the charm of Taiji” in unison. Taijiquan practitioners of all ages, genders and ethnicities synchronized to lift the creatively conceived global flash mob “Hundreds of Countries, Thousands of Cities, Ten Thousand Events.” Correspondingly, Yuzhen Palace—covering nearly 60,000 square meters—was transformed into a sea of Taiji: 1,000 practitioners dressed in white performed the nine postures of Wudang Taijiquan together, creating an unprecedented global relay of Taiji culture and a crossocean cultural resonance, vividly illustrating the profound meaning of ” civilizations have become richer and more colorful with exchanges and mutual learning.”

That day also saw the global release of the “Meet Wudang; Practice Taiji” Wudang Taiji Nine Postures tutorial video, with live demonstration by Yang Qunli—Chinese wushu 9thgrade, creator of the Wudang Taiji Nine Postures, and representative inheritor of the provincial intangible cultural heritage Wudang martial arts project. The Taiji cultural performances included a grand thousandperson Taiji exhibition, the combined songandmartial performance “Taiji of the World Meets Wudang,” the martialrooted “Quest for Wudang,” a Wudang Taiji costume show and global release of design results, and the strongly traditional “Ode to Wudang Taiji,” together offering the world a splendid Taiji cultural feast.
On November 5, 2025, the UNESCO General Conference designated March 21 as “International Taijiquan Day.” This is the first UNESCO international day named for a martial art, marking Taijiquan—an invaluable part of Chinese traditional culture—as formally recognized global shared cultural heritage.

Wudang Mountain is an important birthplace of Taiji culture. Today, Wudang has established 57 martial arts promotion centers domestically and internationally, attracting over 3 million Taijiquan practitioners from more than 150 countries and regions as “foreign disciples,” and helping promote Taijiquan practice to over 500 million people worldwide. Every year tens of thousands of international visitors come to Wudang to study, practice martial arts and pursue health. Shiyan has successively hosted large events including the International Wudang Taiji Culture Festival, the Wudang Taiji International Fellowship Competition, the World Taijiquan Health Conference, and the World Traditional Wushu Festival.

In recent years, Shiyan has leveraged Wudang Taiji cultural heritage to accelerate breakthroughs in Hubei tourism and Wudang development, extend industrial chains, and vigorously develop industries such as pilgrimage tourism and ecological wellness. The city is building globally influential tourism products and internationally aligned tourism environments, forging “Wudang of the World, Taiji for Humanity” into an important emblem of Chinese traditional culture in external exchanges. At the same time, Shiyan is actively promoting public Taijiquan classes into communities, schools, government agencies and enterprises so that this thousandyearold martial art “enters ordinary households.”

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/22/hundreds-of-countries-thousands-of-cities-ten-thousand-events-cloud-taiji-global-flash-mob-held-at-wudang-mountain-in-shiyan-china/

Watch: Nicola Willis visits fuel import terminal at Marsden Point

Source: Radio New Zealand

Finance Minister Nicola Willis on Sunday afternoon will be visiting Channel Infrastructure’s Marsden Point Energy Precinct.

The visit comes amid fears of an energy crisis, with the global price of oil skyrocketing in the wake of the US and Israel’s attack on Iran.

Iran’s response has included threatening ships passing through the Strait of Hormuz, a key channel for the transportation of fuel exports from the Middle East, and strikes on US-friendly neighbours’ energy infrastructure.

Marsden Point is New Zealand’s fuel import terminal, and until 2022 also had an oil refining facility. New Zealand now relies on imported refined fuels, without a facility to refine raw products.

Senior coalition politicians are at odds over whether the facility should have been closed.

Marsden Point. RNZ / Peter de Graaf

Willis told Morning Report on Friday price increases were extremely tough and affecting all New Zealanders, but some were feeling it more than others.

“I can’t solve the pain for everyone. The cost of doing that would potentially involve levels of spending that would drive inflation higher, and certainly would put us in a more fragile position in terms of debt.

“So what we are looking at, is there something very targeted and temporary that we could do to assist those workers in particular who are most acutely impacted by these household budget squeezes?”

IRD and Treasury have been asked to come up with a package that could be implemented with urgency ahead of the Budget.

Willis will talk to the media at 2pm – watch it live here.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/22/watch-nicola-willis-visits-fuel-import-terminal-at-marsden-point/

Fuel price increases held off for Chatham Islands, for now

Source: Radio New Zealand

Fuel price increases will be felt soon: Diesel is the main source of electricity for the remote Chatham Islands. Vk2cz / CC BY (https://creativecommons.org/licenses/by/3.0)

Chatham Islands diesel will remain at pre-war prices until mid-April, but pump-prices will soon rise, residents are being warned.

In most parts of New Zealand, diesel has risen to more than $3 per litre since the war on Iran started three weeks ago. But in the Chathams, where diesel is the main source of electricity, it’s still $2.29 a litre.

The Chatham Islands Enterprise Trust owns the archipelago’s infrastructure companies, including providing fuel. Group chief executive Bob Penter says the price of diesel will rise by 15 cents in April. It will then be reviewed again, and another hike is likely in May.

Petrol prices remain the same for now, at $4.50 a litre.

  • Isolated communities grappling with rising fuel costs
  • “We’re really trying to soften the sudden price shocks that perhaps we’re seeing elsewhere in New Zealand, and that’s something that we’re able to do as the enterprise trust because we’re essentially operating as a charitable trust,” Penter said.

    “So we’re trying to really modify the impact as much as we can.”

    Before the Iran conflict began, the Chatham Islands was the most expensive place to buy petrol. There is capacity to store up to 400,000 litres of fuel on Chatham Island.

    “What we’ve seen for our purchase price of diesel that we buy and bring over on the Southern Tiare, the ship that supports the Chathams, is that its risen by $1.15, since the Middle East events have taken place,” Penter said.

    “So we’re able to absorb this at the moment, but it’s going to start slowly feeding through to the pump price.”

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LiveNews: https://livenews.co.nz/2026/03/22/fuel-price-increases-held-off-for-chatham-islands-for-now/

Fuel price strains send public transport numbers skyrocketing

Source: Radio New Zealand

File photo. RNZ / Mark Papalii

Public transport is experiencing a boom, with commuters flooding onboard while fuel costs soar, and passenger numbers set to tumble.

Last week 91 octane petrol had risen 55 cents a litre since the beginning of the Iran war, with diesel up 90 cents in the same time, hitting personal and commercial budgets amid an existing cost-of-living crunch. And a string of commuters in the main centres told RNZ they were turning to public transport to help cut costs.

  • $4 a litre 91 petrol is coming, but take care with data showing it’s here in main centres
  • Passengers numbers have grown for both buses and trains in Wellington, the Greater Wellington Regional council says.

    Prior to this year, there had been a six percent decrease in public transport use year-on-year. But now, both the price of fuel and ongoing major traffic disruption from construction on Lower Hutt’s RiverLink project had turned that around.

    It means the Wellington Region is expected to have its highest day ever for public transport use in the next couple of weeks.

  • Watch: Seven weeks worth of fuel stocks in NZ – finance minister says
  • The steep trajectory of fuel costs meant the cost of driving 15 kilometres in Auckland reached nearly double the cost of taking public transport last week, Auckland Transport said – without parking costs factored in.

    And the Auckland public transport uptick has already reached records, with Tuesday the busiest day since 2019, councillor Richard Hills said.

    Passenger numbers were seven percent higher than the previous Tuesday, and had 7000 more trips than the previous busiest day.

    “It’s great to see more people choosing public transport and trying it out,” Hills said.

    Wellington public transport challenges levelling as demand increases

    Wellington “has had a hard road for public transport patronage over the last couple of years”, said the regional council’s transport committee chairperson Ros Connolly.

    “We’ve had a number of headwinds, you know. We’ve had working from home, we’ve had quite high numbers of unemployment in the Wellington region, and the cost of living has all meant that our public transport numbers haven’t been as high as we would have liked them to be. So year-on-year we’ve had about a 6 percent year-on-year decrease.

    But in recent weeks, “that number has absolutely turned around,” she said.

    “We’ve definitely seen the impact of higher fuel prices on people’s transport decisions …So unlike Auckland, we haven’t quite topped our highest day since 2019, but we can say we are getting close, and we’re confident that in the next fortnight, if things continue to track the way they have, that we will see Wellington experience that record number.”

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LiveNews: https://livenews.co.nz/2026/03/22/fuel-price-strains-send-public-transport-numbers-skyrocketing/

Super Rugby Pacific: Crusaders crush Moana in Albany

Source: Radio New Zealand

Beware a scorned Crusaders side.

The defending champions avenged last year’s shock loss to Moana Pasifka in ruthless style, crushing the cellar dwellers 50-21 in Albany.

Up by just three at the break, the Crusaders ran riot in the second, producing some scintillating running rugby in the rout.

Moana lost Julian Savea early to what looked like a broken arm before the Crusaders opened the scoring, Braydon Ennor showing tremendous strength to carry three defenders with him across the line.

Sevu Reece went in next to stretch his lead as Super Rugby’s most prolific try scorer, finishing a scorcher for the visitors.

Sparked by a Will Jordan injection, the fullback offloaded infield and from there it was a beautiful exchange of passes, Chay Fihaki with the last one to Reece.

Moana pulled one back as Patrick Pellegrini found a deft offload for Lalomilo Lalomilo who broke clear and linked with Joel Lam to score against his old side.

Replacement Tevita Ofa made it two in quick succession to give Moana the lead, the winger showing great gas to get on the outside of his opposite.

The Crusader’s quickly restored their lead though, Cooper Grant sending a pinpoint kick across for Chay Fihaki to pouch and plant to give them a narrow 17-14 half-time lead.

The second half however, belonged to the Crusaders.

Fainga’anuku kicked off the scoring spree with a mesmeric fourty metre run turning defenders inside out.

George Bell barged his way over for back to back, to really put things out of reach, before debutant Kurtis Macdonald scored with his first touch from a Fihaki cut out ball.

Fihaki capped his stellar night with a second as he exploded through the line and skinned the final man to score his second, Moana getting a late consolation courtesy of an intercept for Siaosi Nginingini.

See how the match unfolded here.

Team lists

Moana:

1. Tito Tuipulotu 2. Millennium Sanerivi 3. Atu Moli 4. Tom Savage 5. Allan Craig 6. Miracle Faiilagi (c) 7. Niko Jones 8. Semisi Tupou Ta’eiloa 9. Joel Lam 10. Patrick Pellegrini 11. Glen Vaihu 12. Julian Savea 13. Lalomilo Lalomilo 14. Tevita Latu 15. William Havili

Bench: 16. Mamoru Harada 17. Abraham Pole 18. Chris Apoua 19. Veikoso Poloniati 20. Dominic Ropeti 21. Siaosi Nginingini 22. Jackson Garden-Bachop 23. Tevita Ofa.

“We’re in search of playing our game and hopefully we can get it..” – Head coach Fa’alogo Tana Umaga.

Crusaders:

1. Finlay Brewis 2. George Bell 3. Fletcher Newell 4. Tahlor Cahill 5. Jamie Hannah 6. Ethan Blackadder (vc) 7. Johnny Lee 8. Christian Lio-Willie 9. Noah Hotham 10. Cooper Grant (debut) 11. Sevu Reece 12. Dallas McLeod 13. Braydon Ennor 14. Chay Fihaki 15. Will Jordan (c)

Bench: 16. Manumaua Letiu 17. George Bower 18. Seb Calder 19. Antonio Shalfoon 20. Xavier Saifoloi 21. Kyle Preston 22. Leicester Fainga’anuku 23. Kurtis Macdonald (debut).

“We’re going week by week. The aim is to back up a win with a win, build our consistency, prepare well, and hit the ground running. We haven’t had the quickest starts, so doing those things will make it very satisfying.” – Crusaders coach Rob Penney.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/21/super-rugby-pacific-crusaders-crush-moana-in-albany/

Chuangxin Industries Posts a 33% Profit Jump as “Cost Leadership”

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 20 March 2026 – Chuangxin Industries Holdings Limited (Chuangxin Industries, 02788.HK), a dominant leader in China’s fully integrated aluminum value chain, announced a stellar financial performance for the fiscal year 2025 this week. Despite a complex global macroeconomic environment, the company reported revenue of RMB 18.68 billion, representing a robust 23.2% year-on-year increase. Profit attributable to owners of the company surged by an impressive 32.8% to RMB 2.731 billion. Basic earnings per share rose to RMB 1.75 from RMB 1.37 in 2024. In a move that underscores its strong balance sheet and commitment to shareholder returns, the Board has proposed a final dividend of HK$ 0.77 per share.

The global aluminum landscape in 2025 was defined by extreme volatility in London Metal Exchange (LME) prices and escalating energy costs across traditional smelting hubs. Chuangxin Industries showcased notable resilience, underpinned by its fully integrated electrolytic aluminum industrial chain. The company’s revenue was anchored by its core electrolytic aluminum business, which contributed RMB13.62 billion (72.92% of total), while alumina and related products added RMB4.42 billion.

Central to Chuangxin Industries’ outperformance is its 100% self-sufficiency in alumina and power, the twin pillars of its strategic “cost moat.” This vertically integrated footprint is anchored by a 788.1 kt/a electrolytic aluminum smelter and a dedicated captive power plant in Huolinguole, Inner Mongolia, complemented by a 1.2 million t/a alumina refinery in Binzhou, Shandong, which is strategically positioned near import ports. This tightly coordinated infrastructure allows the Group to exert precision control over core input costs. Consequently, the Group ranks as a top-tier cost leader in China, possessing a structural advantage that serves as both a defensive shield during commodity downcycles and a powerful lever for earnings elasticity during market recoveries.

The Chuangxin Industries’ March 9 entry into the Hong Kong Stock Connect opens the door to mainland investors. Expected Southbound liquidity should enhance market depth and catalyze a valuation recovery. Analysts view its structural cost moat and green manufacturing leadership as a compelling, cash-flow-resilient proposition for long-term investors navigating today’s high-interest-rate environment.

Looking ahead, Chuangxin Industries is focusing on green growth and global expansion.

Domestically, Chuangxin Industries is rapidly building 1,750 MW of wind and solar capacity in Inner Mongolia, aiming to source over 50% of its power from renewable sources by the end of 2026, reducing both carbon emissions and long-term energy costs.

Internationally, Chuangxin Industries’ planned 500 kt/a aluminum smelting facility in Saudi Arabia will leverage Saudi Arabia’s competitive energy costs and port logistics to serve regional demand and diversify its production base beyond China. By establishing a footprint abroad, Chuangxin Industries is hedging against geopolitical barriers while enhancing its global edge through competitive energy costs in the Middle East.

Chuangxin Industries is cementing its status as a world-class green aluminum leader. Its synergy of integrated efficiency and global expansion offers investors a resilient, sustainable play at the heart of the sector’s high-growth future.

Hashtag: #ChuangxinIndustries

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/20/chuangxin-industries-posts-a-33-profit-jump-as-cost-leadership/

Tairāwhiti graduates celebrate milestone at EIT ceremony

Source: Eastern Institute of Technology

21 seconds ago

Fifty-seven graduates crossed the stage at the War Memorial Theatre in Gisborne today, in the first EIT Tairāwhiti graduation since the polytechnic re-established itself as a standalone institution.

The ceremony brought together graduates, whānau and community leaders from across the region to celebrate academic achievement and the journeys behind each qualification.

EIT Tairāwhiti graduates, led by CEO Lucy Laitinen, paraded through Gisborne.

In total, 443 qualifications were achieved in 2025 by students who studied at EIT’s Tairāwhiti-based locations. Of those, 73 were bachelor’s degrees or diplomas, while a further 370 certificates were awarded at other ceremonies throughout the year.

The average age of graduates was 30, with students ranging in age from 16 to 76.

A total of 993 students enrolled at EIT Tairāwhiti in 2025. While not all were expected to complete their studies within the year, the completion rate for those due to finish was 86 per cent – ahead of the overall EIT completion rate of 84 per cent across Hawke’s Bay and Tairāwhiti.

Of those enrolled at EIT Tairāwhiti in 2025, 69 per cent identified as Māori and 7 per cent as Pasifika.

EIT Chief Executive Lucy Laitinen delivered opening remarks at her first Tairāwhiti graduation since taking the role, while EIT Chair David Pearson offered closing comments.

Lucy said the occasion was a moment of pride for both the institute and the wider community.

EIT Tairāwhiti graduates celebrated their success.

“We are incredibly proud of our graduates and all they have achieved. Education is transformative. It opens doors for individuals, strengthens whānau, and builds capability and confidence across our communities.

“Having regained our independence, EIT is more determined than ever to serve Tairāwhiti and the wider region, ensuring our graduates leave with the skills, knowledge and resilience to make a real difference, both locally and beyond.”

Tairāwhiti Campus Executive Director Tracey Tangihaere said the ceremony was a special occasion for the region.

“It is always a wonderful occasion to recognise and celebrate the success of so many graduates and honour the many people who have supported their academic journey,” she said.

“This year carries added significance as we re-establish EIT as an independent institution for our region.”

She also acknowledged the passing of long-serving kaumātua Ngāti Porou leader Taina Ngārimu, and welcomed Dr Wayne Ngata, who officiated the ceremony.

“We acknowledge the legacy and contribution of Taina Ngārimu, and we are honoured to have Dr Wayne Ngata step into this role, continuing that guidance and leadership.”

Guest speaker Jordan Lima (Ngāti Porou, Te Aitanga-a-Hauiti, Ngāpuhi) addressed graduates, alongside valedictorian Ami Hokianga (Rongowhakaata, Ngāti Porou, Te Āti Haunui-a-Pāpārangi). Gisborne Deputy Mayor Aubrey Ria was also in attendance.

Tracey said the day was also a time to reflect on the values carried forward by graduates.

“I love the sentiments of ‘keep your face to the sunshine, be the change you wish to see, live life to the fullest, and spread positivity in the world’.”

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/20/tairawhiti-graduates-celebrate-milestone-at-eit-ceremony/

University students facing the ‘toughest time’ in years as costs increase

Source: Radio New Zealand

Victoria University of Wellington Students Association president Aidan Donoghue displays empty boxes at the association’s foodbank. SUPPLIED

Student association leaders warn more students are struggling to make ends meet and rising prices will make the problem worse.

Victoria University’s student association says its food bank shelves are being cleaned out every week, AUT’s association says international students are especially hard hit, and Lincoln University’s association says demand for financial assistance has remained high since the pandemic began in 2020.

Their comments accompanied the launch of a study that found a marked increase in student hardship across several universities in the past five years.

The report by an Otago University student during an internship with the Green Party said there had been sustained growth in the use of foodbanks and hardship grants at several universities since 2019.

It said numbers were highest during the height of the pandemic in 2020, but remained above pre-pandemic levels last year.

The report said international students, single parents and female students were more likely to seek help for food insecurity.

It said the the number of students using a foodbank at AUT jumped from about 100 in 2020 to more than 1800 last year, about three-quarters of them foreign students.

At Victoria University, the student association’s spending on its food bank jumped from about $7000 in 2019 to more than $13,000 last year.

The report said Otago University Students Association provided about 250 food bags in 2019 and nearly 700 last year.

The three associations awarded on average $20,000 each in hardship grants last year, less than at the height of the pandemic but about double the figure in 2019.

The report’s author Anika Texley said the students’ associations collected different data about student hardship, but the overall picture was of growing demand for help.

“They’re struggling to meet their needs and their most basic needs. So things like rent tend to be prioritized over groceries,” she said.

Texley said students were struggling with rising expenses across the board.

“It’s not just groceries, it’s also bills, rising utility, rent is going up, and it’s consistently going up. So it’s an ongoing issue,” she said.

Texley completed her report while working as an intern for Green Party MP Francisco Hernandez.

He said students had been struggling for years and the report showed that the situation had worsened.

“And sadly, things are only going to get worse with the war ongoing in Iran. The cost of everything, gas, energy, groceries, rents, will spike up even further,” he said.

Hernandez said all students should be eligible for an allowance, rather than having to borrow for living costs through the student loan system.

The cupboard is bare

Victoria University of Wellington Students Association president Aidan Donoghue said its foodbank cupboards had been cleared out by hungry students.

“This Monday we had an order to completely fill out that food bank and it’s completely gone already,” he said.

“We’ve seen an increase of us having to order from roughly once every fortnight to once every week to now twice a week.”

Donoghue said the association received about $10,000 a year from the university to stock the foodbank and it would need double that sum to keep up with demand.

He said the fund ran out before the end of the year in 2025 and this year it has cut back on non-food items.

“We’ve had to cut all of our non-food expenditure. We’ve really just had to keep it to the basics of rice, pasta, food in cans,” he said.

“There’s no more toilet paper, there’s no more toothpaste, there’s no more deodorant, because all that costs far too much, and we need to stretch the food bank as far as it will go.”

Donoghue said about 100 students a week were visiting the food bank and many more students were struggling to pay their bills.

“Students are facing the toughest time they’ve had in years when it comes to just meeting the basics of rent, power, public transport,” he said.

He said students could receive up to $320 for living costs from the student loan scheme or as a student allowance if they qualified but needed roughly a further $100-200 to make ends meet.

AUT student association president James Portegys told RNZ students were coming every day for food vouchers or food bank packs and rising prices were making the situation worse.

“Obviously, the prices were already high, and now they’re increasing, so it’s quite a few students are now struggling,” he said.

Portegys said last year some students stopped coming to university because they could not afford the bus fare and the association successfully campaigned for discounted fares for students.

“We heard evidence of students choosing between paying rent, eating, or coming to campus. And what are you going to do? You’re going to choose to pay your rent and eat food,” he said.

Lincoln University students association president Zara Weissenstein told RNZ

“We had a huge increase in all of our financial assistance fund applications during COVID-19, of course and that consistently stayed quite high,” she said.

Weissenstein said the university ran a food bank and the association had noted an increase in students attending events with free food.

“Food is a really big thing because that’s often the first thing that students won’t prioritise because you have to prioritise your general expenses first, so your rent and your utilities that happen every month,” she said.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/20/university-students-facing-the-toughest-time-in-years-as-costs-increase/

Rising cost of fuel forces Kiwis to consider alternative transport to save money

Source: Radio New Zealand

Cost-of-living pressures are picking up again, driven in part by sharp increases in fuel prices linked to the conflict in the Middle East.

So, are people ditching their cars, dusting off their bikes, or turning to public transport to save money?

At Auckland’s Waitematā Station, commuters poured off trains into the central city, with buses and the downtown ferry terminal just steps away, making it one of the city’s busiest transport hubs.

One commuter said they’ve noticed a clear shift.

“I notice on the train it’s getting really busy. Yeah, a lot more people are using it, which is good.”

They said rising fuel and parking costs were even changing how they think about short trips.

RNZ / Nick Monro

“I’m even thinking … where I normally work, I’m only probably a 10-minute drive away … maybe I’ll start using my e-bike … between parking and the petrol … you’re still using a lot of gas. And I’d rather save it for doing trips I really want to do in the car.”

But another Auckland commuter said public transport still didn’t work for everything.

“Yeah, we use the cars to get around because convenience-wise, public transport’s no good. You can’t really pop down the road and do the shopping effectively… so we still need the cars.”

He said the flexibility of working from home was a bonus when it came to beating petrol prices.

Meanwhile, a third commuter in Auckland said cost was already shaping their routine.

“Choosing that option specifically because of the cost is the main reason … it just sort of reinforces it further with the cost of living and the petrol prices going up.”

In the capital, some people were already leaving the car at home.

RNZ / Nick Monro

“I walked to work today because I thought, ‘I’d better not use the car’,” said this commuter.

Another Wellington commuter estimated the savings were adding up.

“I would be driving in, but it’s too expensive a lot of the time, so public transport is better. I can save around $100 a week.”

Others said they’re cutting back on extra trips.

“I probably won’t drive up to the Kāpiti Coast like I used to, just to go to the market. You need to be more thoughtful in each trip you plan.”

But not everyone was convinced habits have fully changed yet.

“Energy prices have definitely moved up, but I’m not sure that’s changing people’s habits yet. It might have [to] if petrol goes to $3.20.”

And for some, it’s not just fuel prices dictating new commuting habits.

RNZ / Nick Monro

“I train in, then I walk to work, and it’s mainly because of higher parking, actually,” said one man.

In Christchurch, some commuters said they didn’t have the flexibility to change. A woman RNZ spoke to said she was still driving despite the cost and was worried about how to keep managing it within her budget.

“I am still driving, but it’s using up a lot of my gas … I don’t know what I’m going to do next … I assume I’m just going to keep driving because I have to get places … I have to get my kids to school.”

Another commuter in Christchurch said public transport simply wasn’t viable for their route.

“It’s really hard to get public transport to where I work because it’s just out of Rolleston … I have to drive there all the time, so it’s eating a lot of fuel.”

In Queenstown, where petrol was sitting between $3.15 and $3.19 per litre, commuters say the cost is biting.

RNZ / Nick Monro

“I travel daily from Glenorchy to Queenstown, so does my husband. It’s just getting so hard to cope.”

Another said they have no alternative.

“Where I live, I have no public transport in the morning. The only way I can get to work before 6 o’clock is using my car, so I have been dealing with the increase as I can manage. At the end of the day, you’ve got to pay it.”

Some were trying to adapt where they can.

A Queenstown commuter said they’re biking more often.

“I do drive occasionally, but more recently biking has become a cheaper alternative … you just have to limit where you go, don’t you? Because it’s just so expensive, and it’s already expensive enough to live in Queenstown.”

Others were making bigger changes.

“I just bought a hybrid car … that was sort of prompted by obviously the fuel prices and the war in Iran … I thought, ‘right, now’s the time’,” said a man who commuted daily from Cromwell to Queenstown.

He was also looking for ways to cut costs day-to-day.

“I’ve got the [fuel price] app on my phone, so I normally stick to the cheapest fuel station in Cromwell, but I’ll definitely be looking for new strategies,” he said.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/20/rising-cost-of-fuel-forces-kiwis-to-consider-alternative-transport-to-save-money/

Live: Fuel stations run out again, Luxon warns NZ preparing for ‘prolonged’ Iran conflict

Source: Radio New Zealand

Petrol stations across the country are seeing a surge of drivers filling up as petrol prices rises amid fears of rapidly jumping prices and potential shortages.

Meanwhile, Prime Minister Christopher Luxon and Finance Minister Nicola Willis have been addressing the latest on the fuel crisis, warning that NZ is now preparing for a possible ‘prolonged’ Iran conflict.

“Hope is not a plan,” Luxon said.

It comes in the wake of a global rise in oil prices following the US-Israel war on Iran. Iran’s response has included the closure of the Strait of Hormuz, a key transportation channel for Middle Eastern energy exports.

Strikes overnight hit Iran’s part of the world’s largest gas field. Iran has vowed revenge, listing energy targets in Saudi Arabia, the UAE and Qatar as potential targets.

The Automobile Association here has warned further price hikes are likely.

Prime Minister Christopher Luxon and Finance Minister Nicola Willis face questions on the fuel crisis. RNZ / Samuel Rillstone

There have been reports of service stations running out of fuel as motorists rush to fill up.

New Zealand has several weeks’ supply in storage or on the way, the government has said.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/19/live-fuel-stations-run-out-again-luxon-warns-nz-preparing-for-prolonged-iran-conflict/

Live: Fuel stations run out again, Luxon warns NZ preparng for ‘prolonged’ Iran conflict

Source: Radio New Zealand

Petrol stations across the country are seeing a surge of drivers filling up as petrol prices rises amid fears of rapidly jumping prices and potential shortages.

Meanwhile, Prime Minister Christopher Luxon and Finance Minister Nicola Willis have been addressing the latest on the fuel crisis, warning that NZ is now preparing for a possible ‘prolonged’ Iran conflict.

“Hope is not a plan,” Luxon said.

It comes in the wake of a global rise in oil prices following the US-Israel war on Iran. Iran’s response has included the closure of the Strait of Hormuz, a key transportation channel for Middle Eastern energy exports.

Strikes overnight hit Iran’s part of the world’s largest gas field. Iran has vowed revenge, listing energy targets in Saudi Arabia, the UAE and Qatar as potential targets.

The Automobile Association here has warned further price hikes are likely.

Prime Minister Christopher Luxon and Finance Minister Nicola Willis face questions on the fuel crisis. RNZ / Samuel Rillstone

There have been reports of service stations running out of fuel as motorists rush to fill up.

New Zealand has several weeks’ supply in storage or on the way, the government has said.

Luxon and Willis will be speaking to the media at Parliament from 1.30pm. Watch it live at the top of this page. RNZ will also be blogging the developments as they happen.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/19/live-fuel-stations-run-out-again-luxon-warns-nz-preparng-for-prolonged-iran-conflict/

Live: Fuel stations run out again, Luxon and Willis faces questions about fuel crisis

Source: Radio New Zealand

Petrol stations across the country are seeing a surge of drivers filling up as petrol prices rises amid fears of rapidly jumping prices and potential shortages.

Meanwhile, Prime Minister Christopher Luxon and Finance Minister Nicola Willis are set to talk about the latest on the fuel crisis.

It comes in the wake of a global rise in oil prices following the US-Israel war on Iran. Iran’s response has included the closure of the Strait of Hormuz, a key transportation channel for Middle Eastern energy exports.

Strikes overnight hit Iran’s part of the world’s largest gas field. Iran has vowed revenge, listing energy targets in Saudi Arabia, the UAE and Qatar as potential targets.

The Automobile Association here has warned further price hikes are likely.

There have been reports of service stations running out of fuel as motorists rush to fill up.

New Zealand has several weeks’ supply in storage or on the way, the government has said.

Luxon and Willis will be speaking to the media at Parliament from 1.30pm. Watch it live at the top of this page. RNZ will also be blogging the developments as they happen.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/19/live-fuel-stations-run-out-again-luxon-and-willis-faces-questions-about-fuel-crisis/

BusinessNZ – Oil slick: NZ’s economy still grows amid turbulent times

Source: BusinessNZ

The latest BusinessNZ Planning Forecast shows that while the economic outlook largely depends on how the conflict in Iran evolves, current forecasts still point to encouraging growth through to March 2028.
Chief Economist John Pask says even as we navigate stormy seas internationally, there are reasons to remain optimistic at home.
“Our construction sector is showing signs of recovery, with increased consenting activity and a strong infrastructure pipeline, as has been outlined by the Infrastructure Commission.
“Tourism has rebounded too, and international visitor numbers are back to pre-covid levels, aided in part by a lower NZ dollar.
“On the agricultural front, Fonterra’s sale of several consumer brands for around $4 billion is expected to boost incomes and support rural communities. On the downside, input costs, including fertiliser, are likely to rise significantly if the conflict continues.
Pask says this latest Planning Forecast comes with a special note, due to a developing geopolitical situation.
“Given the fluid international economic situation at present, forecasts on economic growth, interest rates, exchange rates, inflation, and unemployment, should be seen for what they are – the best available information to date. These forecasts will likely be subject to significant change as both the global and domestic scene continues to evolve over coming weeks.”
The BusinessNZ Economic Conditions Index (ECI) is a measure of some of NZ’s key economic indicators. It sits at 18 for the March 2026 quarter, down 6 on the previous quarter, and up 13 on a year ago. An ECI reading above 0 indicates that economic conditions are generally improving overall; below 0 means economic conditions are generally declining.
The latest BusinessNZ Planning forecast is available now on the BusinessNZ website.
The BusinessNZ Network including BusinessNZ, EMA, Business Central and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/19/businessnz-oil-slick-nzs-economy-still-grows-amid-turbulent-times/

Property Market – Sales volumes slip again as caution lingers across NZ housing market – Cotality

Source: Cotality

Sales volumes have fallen again across New Zealand’s housing market, extending a slow start to 2026 even as property values remain broadly stable on the back of improved affordability and lower mortgage rates.

The Cotality NZ Monthly Housing Chart Pack for March shows sales volumes in February were 6.8% lower than the same month a year ago, following a 7.8% fall in January. It marks the first time in almost three years that sales have declined in two consecutive months.

Property values remain relatively stable, with the national median edging 0.2% higher in February, although values are still 1.2% lower than a year ago and around 17.3% below the early-2022 peak. 
Cotality NZ Chief Property Economist Kelvin Davidson said buyer caution had remained a defining feature of the country’s broader housing market through the first two months of 2026.
“Sales volumes remain fairly sluggish and that’s a reminder that confidence takes time and is still rebuilding,” Mr Davidson said.
“December activity looked unusually strong, so some of the recent softness may reflect timing rather than a new downward trend. But even allowing for that, the housing market is still in a phase where buyers are taking their time.”
Some markets showed larger price gains in February, with Hamilton and Dunedin each recording a 0.9% rise in values, while values in Invercargill also moved higher. 
First home buyers remain key market force
First home buyers continued to play a major role in the market, accounting for around 27% of property purchases across January and February combined. 
Mr Davidson said improving affordability and lower mortgage rates are helping many first home buyers enter the market, even in a high-priced market such as Auckland.
“First home buyers remain a significant presence, and in Auckland they’ve taken an even larger share of purchases at around 30% so far this year,” he said.
“KiwiSaver withdrawals continue to play a role in helping buyers assemble deposits, while the banks’ low-deposit lending allowances are also supporting access to credit.”
“In some cases, mortgage repayments can now look similar, or cheaper than rents, which can encourage tenants to move from renting to buying if they’re able to save for or access a deposit,” he said.
Movers accounted for just over 26% of purchases across the first two months of the year, while mortgaged multiple property owners held a 24% share. 
Mr Davidson said the behaviour of owner-occupiers trading homes would be an important factor to watch through 2026.
“A stronger economic backdrop could encourage more movers to return to the market over time. When that group becomes more active, it tends to support higher transaction levels across the entire housing market.”
Rental market remains subdued
Conditions in the rental market remain soft, with net migration well below previous peaks and rental listings still relatively elevated.
MBIE bonds data shows the median national rent fell by 0.8% in the three months to January compared with a year earlier, a relatively rare outcome after several years of strong growth. 
Mr Davidson said the combination of softer population growth and already high rent levels relative to incomes is limiting further increases.
“Rents have already risen significantly in recent years, and wage growth has eased, so there isn’t a lot of scope for further increases at the moment,” he said.
“More likely we’ll see a period of flat or only modest rental growth while the market adjusts.”
Market outlook remains measured
Several economic and financial factors would influence how the NZ housing market performs during the rest of 2026, Mr Davidson said.
Around 59% of existing mortgages by value are due to be repriced over the next 12 months, which could provide some relief for households if borrowers move onto lower interest rates. However, global uncertainty and inflation pressures continue to pose unknown risks.
“The US-Israel-Iran conflict and higher fuel prices are potential inflation risks in the near term, but if those pressures prove temporary the Reserve Bank should still be able to hold the OCR steady,” he said.
“That would allow the housing market to gradually rebuild momentum, although any recovery in prices and sales volumes is likely to remain modest rather than rapid.”
The Cotality NZ Monthly Housing Chart Pack provides the latest breakdown of sales activity, listings, buyer classification, property values, rental trends, lending conditions and economic indicators across New Zealand.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/19/property-market-sales-volumes-slip-again-as-caution-lingers-across-nz-housing-market-cotality/