Source: PSA
New Zealand – Reserve Bank renews currency swap facility with People’s Bank of China
28 August 2025 – The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses.
The size of the swap facility is RMB 25 billion, and it has a five-year maturity which may be extended if both parties agree. The arrangement was first agreed in 2011 and was previously renewed in 2014, 2017 and 2020.
The aim of the swap line is to help promote bilateral trade and economic development between the two countries while also supporting financial stability.
Weather News – A wild, windy end to winter – MetService
Covering period of Thursday 28th – Sunday 31st August – A wild, windy end to winter.
Meteorological spring begins on Monday.
As meteorological winter comes to a close on Sunday, there will be no shortage of weather to herald the changing seasons. MetService is forecasting weather systems that hold in them the flavours of spring, with strong westerly winds, rain, thunderstorms, and snow in the coming days.
MetService has issued Severe Weather Warnings and Watches for heavy rain and strong wind today and tomorrow (Thursday and Friday). Settled conditions are set to rapidly deteriorate for the North Island through the remainder of the day as a band of rain with blustery northerly winds move onto the North Island.
An orange Heavy Rain Warning is in force for the headwaters of the Canterbury lakes and rivers south of Arthurs Pass until 4 pm today. Streams and rivers may rise rapidly. Surface flooding, slips, and difficult driving conditions possible.
Strong Wind Watches are in force for the Canterbury High Country, Marlborough and Wellington today as well as Hawke's Bay south of Napier, the Tararua District, and Wairarapa north of Martinborough during Friday
Metservice meteorologist Alanna Burrows says, “Damage to trees, powerlines, and unsecured structures is possible. Driving may be difficult, especially for high-sided vehicles and motorcycles. Prepare your property by securing items that can be picked up by strong winds and drive cautiously.”
On Friday, the strong westerly winds and possible thunderstorms ease by the end of the day. Temperatures are expected to drop over southern New Zealand; and snow may affect some elevated parts of the South Island, including some of the higher roads there.
Then, as we move into the last weekend of winter, we are expecting to see another boost to winds and swell, combined with fast-moving rainbands. A strong northwesterly flow builds over the country ahead of another front, which moves onto southern New Zealand late in the day on Saturday and quickly over the country on Sunday, followed by a strong and showery west to southwest flow. And with a nod to winter, there is a chance that snow may affect some of the higher South Island roads this weekend.
Heavy southwest swell, with heights between 5 to 6.5 metres, is forecast to develop for the western coastlines of the country through Sunday.
“The weekend sees a transition into a breezy springtime setup, and we may find more Strong Wind Watches issued. Please, keep up with the latest information at metservice.com,” advises Burrows.
Local News – Welcoming Plan adopted by Porirua City Council
A Welcoming Plan for Porirua City was adopted by Te Puna Kōrero at its meeting this morning.
UPDATED 3 – Education – Improvements needed to professional development for teachers – ERO
New research from the Education Review Office has found how we can provide our teachers with better professional development.
The full research report, Teaching our teachers: How effective is professional learning and development? is available on ERO’s education research website: www.evidence.ero.govt.nz
UPDATED 3 – Environment Events – Advanced Recycling Conference 2025: From Industry Crossroads to Circularity
Alongside core-topics like plastics and polymer recycling, this year’s program explores new developments in biochemical, textile and automotive recycling, plus digital tools supporting scalable solutions for circular systems.
On 19-20 November 2025, the Advanced Recycling Conference (ARC) in Cologne, Germany, once more unites industry leaders, technology providers, researchers, innovators, and policy-makers to address urgent recycling challenges in various waste-streams. Alongside core-topics like plastics and polymer recycling, this year’s event places strong emphasis on pollution-intensive sectors like textile and automotive, that pose significant environmental problems due to their complex material streams. While textile recycling rates in the EU remain below 20 %, hindered by difficult fibre blends, automotive plastics and rubbers face regulatory pressure and material complexity under the End-of-Life Vehicle Directive.
To address these challenges, ARC 2025 spotlights four new focus areas: biochemical recycling, textile and automotive recycling, and advanced digital tools such as AI-enabled sorting, traceability systems, and process optimisation for scale up. These solutions complement established recycling methods across physical processes (extrusion, dissolution), chemical recycling (solvolysis), and thermochemical techniques (pyrolysis, thermal depolymerisation, gasification), as well as carbon capture and utilisation (CCU), that remain key-elements of the ARC program.
At ARC 2025, attendees will gain valuable insights into the latest technological developments, regulatory frameworks, and market conditions shaping the future of advanced recycling and the circular economy. Putting partnership at centre, the event facilitates collaboration and informed decision-making across sectors and industries, proving that sometimes success is only a handshake away.
Responding to EU recycling targets and industry needs
The conference comes at a critical time when significant changes in recycling target across several legislations are taking place. For example, the Packaging and Packaging Waste Regulation introduced quotas for 2030 of recycled post-consumer plastic ranging from 10 % to 35 % for different packaging plastics which should be increased by 2040. Moreover, the End-of-Life Vehicle Proposal includes a mandate for a minimum of 25 % recycled plastic in new vehicles, which, if approved, can considerably increase the demand of recycled post-consumer plastic. Meeting these targets demands the deployment and implementation of innovative recycling technologies and expansion of necessary infrastructure. The event will therefore also address regulatory impacts, market dynamics, and environmental considerations.
Full conference programme now available
Packed with international expertise, ARC 2025 features experts from a broad range of sectors and industries, e.g., BASF, Covestro, Evonik, Fluor, Green Dot, ISCC, LEGO, LyondellBasell, NFIA, Siemens, Sulzer, Trinseo, Vaude, but also research and academic institutions like Chalmers University of Technology, Fraunhofer IVV, Research Centre Jülich, Recycario Data Science – Institut for Economic Plastics Recycling and TU Bergakademie Freiberg (Institute of Energy Process Engineering and Chemical Engineering).
While putting a focus on plastics and polymers, the programme provides a comprehensive overview in different focus-sessions:
Advanced Recycling as a Pillar of Renewable Carbon and its Challenges
Thermochemical Recycling
Biochemical Recycling
Textile Sorting and Recycling
From Py-Oil Quality to Valuable Resources and the Chain of Custody in Advanced Recycling
Recycling Solutions for End-of-Life Vehicles (ELV)
Sustainable Polymers
Thermochemical Solutions for the Recovery of Valuable Resources and Energy
Physical Recycling via Dissolution.
The full conference program is available at https://advanced-recycling.eu/program/.
The Advanced Recycling Conference provides a unique platform for technology providers, waste management companies, brands, investors, policymakers, and scientists to exchange knowledge, build partnerships, and advance towards circular value chains.
ARC 2025 is supported by visionary sponsors, dedicated to advancing circular solutions. nova-Institute thanks Gold Sponsor Siemens and Bronze sponsors BUSS ChemTech, Erema Group and Starlinger.
The Advanced Recycling Conference is supported by industry and trade associations, non- profit organisations, research institutions and interest groups that are thematically linked to the conference: BCNP Consultants (DE), C.A.R.M.E.N. (DE), ChemCologne (DE), Chemical Recycling Europe (EU), Chemie-Cluster Bayern (DE), CLIB (DE), IBB Netzwerk (DE), ITA – International Centre for Sustainable Textiles (DE), kunststoffland.NRW (DE), Plastics Europe (DE), Renewable Carbon Initiative (International).
For detailed information and registration, visit https://advanced-recycling.eu/
nova-Institut GmbH has been working in the field of sustainability since the mid-1990s and focuses today primarily on the topic of renewable carbon cycles (recycling, bioeconomy and CO2utilisation/CCU).
As an independent research institute, nova supports in particular customers in chemical, plastics and materials industries with the transformation from fossil to renewable carbon from biomass, direct CO2utilisation and recycling.
Both in the accompanying research of international innovation projects and in individual, scientifically based management consulting, a multidisciplinary team of scientists at nova deals with the entire range of topics from renewable raw materials, technologies and markets, economics, political framework conditions, life cycle assessments and sustainability to communication, target groups and strategy development.
50 experts from various disciplines are working together on the defossilization of the industry and for a climate neutral future. More information at: nova-institute.eu – renewable-carbon.eu
Save the Children International CEO warns UN: Indecision on Gaza is complicity as children are being starved to death
Source: Save the Children
Property Market – NZ housing affordability at most favourable level since 2019, but challenges persist – Cotality
Lower mortgage rates, steady income growth and a decline in property values have combined to improve housing affordability across New Zealand, easing the burden on households.
The Official Cash Rate is now at its lowest level in three years, having been reduced by 250 basis points since August 2024, while national property values remain almost 17% below their post-COVID peak despite more recent signs of stabilisation.
Cotality NZ’s latest Housing Affordability Report shows these factors have contributed to a national value-to-income ratio of 7.5 in Q2 2025, the lowest level since mid-2019. The time required to save a deposit has also reduced to 10 years, compared to almost 14 in 2021 and not far above the long-term average of 9.1.
While the metrics remain higher than their historical norms the differences aren’t huge, and Cotality NZ Chief Property Economist Kelvin Davidson said the most significant change has been in mortgage serviceability.
“Mortgage repayments now absorb around 44% of median household income, compared with a peak of 57% in 2022. That takes servicing costs back to their lowest level in more than four years and only marginally above their long-run average of 43%,” he said.
“Servicing costs at or near their long-term average suggest that affordability is no longer the handbrake it was during the downturn. That doesn’t mean housing is suddenly cheap, but it does mean buyers and existing borrowers are operating in conditions that are much more manageable than they were a few years ago.”
Regional differences
Affordability gains have been most visible in Auckland, Tauranga and Wellington, where mortgage repayments are now sitting slightly below their long-term norms, a notable turnaround from conditions only 18 months ago.
Tauranga remains the least affordable of the main centres in absolute terms, with house values sitting around 8.5 times household incomes.
Mr Davidson said while the figure remained relatively high, it was a significant improvement from the peak of nearly 12 in late 2021.
“Relative to its own history, Tauranga is now only a little more stretched than normal, and in fact looks more fairly priced than Hamilton, Christchurch and Dunedin, where affordability has not improved to the same extent,” he said.
Auckland’s conditions have also improved, with a value-to-income ratio of 7.9 the lowest level in a decade, while Wellington sits at 6.4, back in line with its long-run average for the first time since 2016.
“Wellington is not suddenly a cheap market, but it is more affordable than it has been for many years,” Mr Davidson said.
“The fact that key measures are now back at long-term norms in a number of key centres is a clear sign of how far conditions have adjusted, and helps to explain the renewed interest we are seeing from some buyer groups.”
By contrast, Hamilton, Christchurch and Dunedin have seen more limited improvements, as property values in those cities have been more resilient.
Rental affordability
Nationally, the rent-to-income ratio sits at 28%, compared to a long-term average of 26%.
Auckland and Wellington are broadly aligned with their historical levels, at 25% and 23% respectively.
Mr Davidson said while those figures suggested conditions in the two largest centres had normalised, the picture was more challenging elsewhere.
“In Hamilton, Christchurch and Dunedin, households are now spending close to 30% of their income on rent, which is a record high for each of those markets,” he said.
“That’s at least three percentage points above normal, and reflects the fact that incomes in those cities have not kept pace with the steady increases in rents.”
He added that rental conditions in Tauranga had not improved either, with the highest rent-to-income ratio of any of the main centres at 34%.
“Overall, although housing affordability has improved for buyers, renting remains challenging. It’s even more stretched for households that are having to pay typical rents but perhaps have below average incomes.”
Affordability outlook
Mr Davidson said the August rate cut and the possibility of further easing, could provide additional relief for borrowers and underpin housing activity in the months ahead.
“With mortgage servicing costs already back around long-term norms, affordability is unlikely to constrain the market to the same degree it did during the downturn,” he said.
“However, the wider backdrop remains important. The labour market is subdued, debt-to-income restrictions are in place, and housing supply is still elevated in many areas. These factors are likely to moderate the speed of any recovery, which is great for housing affordability”
Beyond the immediate cycle, Mr Davidson noted that structural factors remain critical to the country’s long-term affordability issues.
“New Zealand’s affordability challenges have been driven by a persistent imbalance between demand and supply,” he said.
“Sustained progress will depend on delivering more dwellings, more land and the infrastructure to support growth – both in terms of property available to buy and for renters. Recent policy moves are encouraging, but addressing supply will take sustained effort over many years.”
ExportNZ – UAE deal an export and investment win
Source: BusinessNZ
Employment – Gender pay gap remains largely unchanged – NZCTU
Source: NZCTU Te Kauae Kaimahi
The NZCTU Te Kauae Kaimahi is saying there is still huge work to do to ensure pay equity for women following the release of new data by Stats NZ that shows the gender pay gap remains largely unchanged.
Mean female wages rose only 0.2%. While women’s median pay rose 3.3%, this was in large part due to collective bargaining and pay equity settlements, which this Government has gutted. The CTU uses the mean figure as it better reflects the full diversity of wages in the economy.
“While Stats NZ prefer a measure that makes it look like there has been significant progress on the pay gap, in reality the average working woman in New Zealand is hardly better off,” said NZCTU Secretary Melissa Ansell-Bridges.
“The difference between the median and the mean likely reflects a lack of progress towards the gender pay gap outside of collectively bargained workforces. It has shifted the value for the middle worker – not for those on the lowest or highest incomes.
“It is likely that the progress made through collective bargaining has shifted the needle on the median wage. Increases in incomes for teaching, nursing, and other female-dominated public sector workforces have helped to close the gap.
“Pay equity settlements in some public sector workforces also likely helped, proving the success of the pay equity system in delivering real change in living standards.
“This data will represent the high-water mark for pay equity progress. The gutting of pay equity, and the below inflation offers for collective agreements in the public sector, means that the progress is unlikely to be sustained.
“At a time when we need to build on progress, the Government is deliberating preventing pay equity for some of the lowest paid women in our society,” said Ansell-Bridges.
