The Commerce Commission is receiving a number of complaints against The Dominion Post newspaper for increasing the price in the shield of GST.
The owner of the newspaper, Fairfax New Zealand has been issued warning by the commission for taking help of GST in surging the prices, as the GST impact on rise in prices is just 10c.
A teleconference is said to have taken place on Thursday, following the three to five-day High Court hearing concerning the Queenstown Airport Corporation and Auckland International Airport Ltd, which is due to take place next year.
At the time of a slow recovery, it is likely that the attempt to boost exports by embracing weaker currencies could prove to be hazardous, the policy makers have warned.
This, they said, would give rise to some trade imbalances and would aggravate protectionism. The warning was, following the International Monetary Fund's annual meeting which has reportedly commenced in Washington.
An eight week long rally by the Aussie's is said to have taken place, following the U. S. Government report, suggesting the job elimination in the month of September which reportedly, was much more than the economists had forecasted.
The Federal Reserve too is likely to debase the currency, by way of an augment in the purchases of the Government debt, in order to improve the frozen recovery.
Remuera property developer John McKearney has said that he does not encourage racism and has requested investors from other nations to come and settle in New Zealand.
He is a core member of the Save Our Farms group and it is said that he is not interested that foreign investors should be involved in the purchase of the farmland.
The head of the Department of Conservation (DOC) has expressed concern over the misuse and mismanagement of the natural resources. The head said that if the New Zealand Government will not take stern measures to handle the natural resources, then it is possible that the economy will be badly affected in the coming years.
He urged that the Government should take the environmental impacts into account while making economic progress.
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