| 31 Kiwi companies amongst Asia-Pacific's fastest growing tech companies |
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11 December 2008 |
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A total of 31 New Zealand companies were named in the Deloitte Technology Fast 500 Asia Pacific 2008 today in Hong Kong with Hamilton-based online bike retailer Torpedo7 leading the way in 87th place with growth of 571%. It was joined in the top 100 by Auckland-based telco Digital Island which came in 89th with 553% growth. Rankings of the fast-growing companies are based on the percentage of growth in fiscal year revenues over three years from 2005 to 2007. In 2007 there were 38 New Zealand-based companies ranked in the Technology Fast 500, with 31 making the cut in 2006 and 23 in 2005. Average revenue growth rate across all 500... |
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| The bold and the different: Deloitte/Management magazine Top 200 Awards 2008 |
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05 December 2008 |
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Don Braid, the managing director of Mainfreight, has been named New Zealand’s top business executive for 2008. He was named the Deloitte/Management magazine Executive of the Year at the annual Top 200 Awards, now in their 19th year and regarded as the country’s most prestigious business awards. Braid has been with the freight and logistics company Mainfreight since 1994, after joining the firm as part of the acquisition of Daily Freightways. He has led the company in strengthening its global logistics business and ensuring an increased diversification of revenue streams across many countries, trade lanes... |
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| Deloitte named overall New Zealand tax firm of the year |
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28 November 2008 |
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For the second time in the award’s three-year history, Deloitte has been recognised as the New Zealand Tax Firm of the Year by the International Tax Review at its Asia Tax Awards. The awards were announced on 27th November during a gala dinner held in Singapore. Deloitte was also a finalist in the following categories: New Zealand Transfer Pricing Firm of the Year, New Zealand Indirect Tax Firm of the Year, and was the only New Zealand firm considered for the Editors’ Special Tax Contribution Award that sought to recognise “the biggest impact on the practice of tax in the last 12 months” in the Asia-Pacific... |
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| 2008 Deloitte/Unlimited Fast 50 named - Wairarapa manuka honey company is #1 |
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29 October 2008 |
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New Zealand’s 50 fastest growing companies were celebrated at events around the country tonight, as the 2008 Deloitte/Unlimited Fast 50 was revealed. Masterton-based manuka honey company Watson and Son topped the 2008 list and was named the country’s fastest growing business, with outstanding revenue growth of 784% between 2006 and 2008. Watson and Son was established in 2003 as a response to growing demand for premium manuka honey. The company specialises in producing premium honey from its 20,000 hives and develops the raw product into innovative healthcare products. Matt... |
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| South Island market's resilience comes to an end |
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20 October 2008 |
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South Island listed companies have succumbed to the worldwide upheaval in financial markets during the third quarter of 2008, according to the Deloitte South Island Index issued today. Paul Munro, a corporate finance partner in Deloitte’s Christchurch office, said the South Island Index had experienced its first decline, falling by 15.2% in the third quarter (July-September) of this year. September proved to be a particularly... |
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| National’s Tax Policy - Individuals Win, Businesses Lose |
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08 October 2008 |
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From 1 April 2009 a taxpayer earning $80,000 will benefit to the tune of $20.38 per week or $1,060 each year from National’s package. When Labour’s 1 October cuts are added to this, the total savings are $48.46 per week from 1 April 2009, rising to $61.92 to 1 April 2011. It is particularly pleasing to see a decrease in the top tax rate, from 39% to 38% from 1 April 2009 and then again to 37% from 1 April 2010. While the threshold increases under Labour to $80,000 by 2011, National’s decision to keep the top threshold at $70,000 is understandable given the current economic climate. A comparison of Labour’s and National’s tax... |
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| Research unveils secrets of Kiwi high-growth companies |
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25 September 2008 |
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Advisory boards and boards of directors have a significant role in managing and creating value for emerging high performing, high-growth firms in New Zealand, according to a report released today by Deloitte and Grow Wellington’s business incubator, Creative HQ. The principal author of Managing High Growth Adventures: Putting Good Advice to Work in New Zealand Firms was Professor Mark Ahn, who chairs Science & Technology Entrepreneurship at Victoria University of Wellington. Researchers conducted interviews and case studies, surveying a database of 304 Deloitte/Unlimited Fast 50 companies to identify success... |
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| Vintage 2007: Bigger is better for Kiwi winegrowers |
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21 August 2008 |
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If you are considering establishing a vineyard in New Zealand, achieving scale is better for your bottom line according to Vintage 2007, the second annual New Zealand wine industry benchmarking survey released today by Deloitte and New Zealand Winegrowers. The survey of winegrowers from throughout the country found that larger operations in the local wine industry were in good health and in a strong position on both domestic and foreign shelves. Although the Deloitte analysis showed the wine industry was arguably better positioned than last year, this... |
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| Deloitte study finds public sector finance departments are competent and ambitious |
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18 August 2008 |
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The finance functions of New Zealand’s public sector agencies are aiming to raise their overall capability to more ambitious levels, according to a new Deloitte study, Mastering Finance in Government. However, the study showed that only 29% of the government finance officials surveyed describe their organisation’s capabilities as having moved beyond a “baseline level” in risk management. The report is based on the findings of one of the largest global surveys ever conducted of government... |
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| South Island Index defies market slump |
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28 July 2008 |
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South Island listed companies have again outperformed the wider NZX 50 during the second quarter of 2008, according to the Deloitte South Island Index issued today. Paul Munro, a corporate finance partner in Deloitte’s Christchurch office, said the South Island Index achieved an overall gain of 3% in the second quarter of 2008, increasing its overall value by $110 million to a total market capitalisation of $3.80 billion. In contrast, the NZX 50 index was down almost 8%. The Deloitte South Island Index measures movements in market... |
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