That's according to the Finance Minister who's released The Half Year Economic and Fiscal Update.
This is is the second most expensive year in nearly half a century.
Chairman David Kirk says offer $6.45 a share merits being put to shareholders with recommendation.
Health issues have seen BJ Smith and his family take a step back, but they won’t be giving up the surf.
The brand will be rolled out here and in Australia over the next five years.
These are the first convictions under the provisions of the Wine Act in New Zealand.
Some Kiwis can expect a call from the tax department about the changes.
Food and drink made up the greatest proportion of spending.
Personal attacks were "something I would tone down if I was him", the former PM said.
Corbel became the latest construction industry player to go under, when it folded last week.
It will be the first time Kiwi deer milk has been sold for use in the beauty industry.
Aviation unions have said members will strike on December 21.
Economist Shamubeel Eaqub says leadership is needed from the industry and from Government.
Meng Wanzhou, in custody in Canada, is reportedly suspected of trying to evade US trade curbs on Iran.
He allegedly used new investors' funds to pay others their reported gains.
The flights will be in addition to those by alliance partner Singapore Airlines.
More than 40,000 customers could have their flights cancelled four days out from Christmas.
Extra staff have been put on to deal with the surge at this time of year.
Jill Ford started the scheme after seeing the affect of pollution first-hand.
A marketing expert says the sale of Tip Top could see a repeat of the Dunedin Cadbury factory saga and would not make long-term sense.
Fonterra said although Tip Top was performing well, the business had "reached maturity" as an investment for the co-operative.
It is the latest in a string of construction companies to fail or suffer losses in New Zealand.
The Deputy Prime Minister tells Breakfast that public embarrassment is another option on the table.
He also defended his criticism of business leaders, saying "don't come the cry-baby with me".
Affected current staff include MBIE, WorkSafe and those Ministry of Housing and Urban Development people paid through MBIE's payroll system.
Company's big bet on cloud computing pays off.
The company believes it can increase 'competitive advantage' by joining forces with other growers.
The emails were collected as part of the compulsory Takata airbag recall process.
Brent Eccles says everyone loses when Viagogo resells tickets.
A NZ representative for the Chinese owned telco says it wants to "find a way forward".
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Christie combined a strong season with the birth of his third child.
Two Māori women are committed to wearing their moko.
The thieves took numerous objects including furniture, play equipment, tools and even a slide which was embedded in the ground.
David Millane was accompanied by police investigating Grace's murder. A Māori blessing was performed at the site.
The final four, and someone has a total disaster.