Tag: income

Westpac NZ Records $1.01B Profit as Its Share Value Tanks

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November 1 was a mixed bag of results for Westpac that announced it had made an annual profit of $1.01 billion over the last year ending in September 2021. This profit was a 56% increase on that of the previous year, a margin higher than the 39% increase recorded by…
bitcoin

Bitcoin Fund Aims To Tap Into New Zealand Market

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A new investment fund opened in New Zealand to allow investors to add the popular cryptocurrency Bitcoin to their portfolio. Without needing to commit to full, direct ownership, investors will be able to access digital assets like cryptocurrencies without the risk. The Vault International Bitcoin Fund is the first in…

Debate On How to Fund Superannuation Scheme Mounts

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Discussion on how to meet funding requirements for the government’s superannuation scheme has peaked in recent days following the Treasury’s estimates that its cost will reach $49 billion by 2041. The scheme is also expected to grow by 1.5 times more than the economy over the next 40 years. There…