Political commentators Gareth Hughes and Tim Hurdle
Gareth Hughes is the Director of the Wellbeing Economy Alliance Aotearoa is a former Green MP and is no longer a member of any political party. Tim Hurdle was an adviser in previous National governments. He works in strategic communication and advisory, and is currently campaign director for Auckland Mayor Wayne Brown.
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RNZ News
41 minutes ago
- RNZ News
Foreign student income down on pre-Covid earnings
More than half New Zealand's foreign students studied in Auckland last year. Photo: 123RF Foreign students paid $1 billion in fees last year and more than half that money went to universities. The figures were supplied to the Education Ministry by providers, as part of their reporting for the export education levy. They showed 74,990 international students in New Zealand last year, including 18,020 at schools and more than 25,880 at universities. Their fees totalled $1.085b, about $100m less than the pre-pandemic years of 2018 and 2019. However, two sectors achieved their highest fee incomes on record - universities with $580m and government-funded private tertiary institutions with $167m. The fee take at non-government-funded tertiary institutions, schools and polytechnics last year was well below pre-pandemic numbers. The figure for non-government-funded tertiary institutions - a category that covered English language schools - was just $52.8m, down from a 2019 figure of $135m. Schools received $152m, down from $201m in 2019, and polytechnics received $132.8m, down from $178m. More than half the foreign students last year (43,060) studied in Auckland. Most students (61,500) came from Asia, with the next most significant source being Europe with 5345. At universities and polytechnics, management and commerce was the single largest field for foreign enrolments, accounting for 30 percent of polytechnic enrolments and 28 percent of university enrolments. The 74,990 individual students equated to 46,005 full-time equivalents, three-quarters of the 61,530 full-time equivalents in 2019. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Otago Daily Times
2 hours ago
- Otago Daily Times
Need seen to build builders' wellbeing
Marti Amos is the New Zealand-based head of The Professional Builder. PHOTO: SUPPLIED It was the stuff of Boy's Own lore. Growing up on Stewart Island, business owner and entrepreneur Marti Amos enjoyed a childhood which was "just one big adventure, one after the other". Fishing, hunting, learning to fire a rifle, bush walks and heading across Foveaux Strait to play schoolboy rugby at Bluff or Waikiwi. One of his earliest memories was sitting in the rear of a sea-plane as it taxied off the beach and was half-submerged under water. He looked out the window and saw fish. Following his parents' separation, he moved with his mother to the hustle of Nelson and says it was "jarring" being taken away from everything he ever knew. From 10, he worked multiple jobs to help his mother out — from a fish factory to a service station, cardboard factory to mowing lawns — and he both inherited and developed a strong work ethic. All those experiences in his early years helped give him an affinity with the working man — "just the best kind of people to be around". Mr Amos (Ngāpuhi) spent a decade at the University of Otago, from 1989 to 1999, which he described as some of the best times of his life. He studied commerce and pursued PhD research on branding. He lectured in marketing and MBA programmes, examined MCom theses and worked as a Māori students tutor and thesis officer in the commerce division. He then moved to Auckland, where he was marketing director for Honda Motorcycles NZ and country manager for Pirelli Tyres NZ, and where he has lived for 25 years. Becoming tired of working for someone else, he bought a business-coaching franchise and noted the number of builders among his clients. He discovered many were great at building but needed help to build a great business, so he decided to concentrate on the construction industry — helping "some of the hardest working, down-to-earth people I know". Since 2004, Mr Amos has focused on helping residential construction companies to systemise and scale their businesses, take control of their finances, increase revenue and buy back days of their personal time each week. He and his team at The Professional Builder — which has grown from three to 65 — have coached more than 3000 building company owners in the United States, United Kingdom, Canada, Australia and New Zealand. The business is projected to reach 100 employees within the next 18 months, while revenue is projected to double to $30 million within the same timeframe. Members have included Deloitte Fast 50 winners, builders featured in television shows The Block and Grand Designs and many Master Builders award winners. Mr Amos said more needed to be done to address high rates of suicide in the construction industry. Recent research showed New Zealand's construction sector was facing a mental health crisis; suicide rates were 25% higher than other sectors and Māori, Pasifika, women, migrant workers, apprentices and labourers were among those at higher risk. He attributed that to various factors including financial instability, low pay and poor mental health, saying those issues were amplified by the industry's boom-and-bust cycle, cost-of-living crisis and a training model that prioritised trade skills over business acumen. "Kiwi tradespeople are trained to excel on site. They are underprepared to manage the multimillion-dollar business aspects of their work, with dire consequences for their mental wellbeing. "Our construction workers account for about 7% of working-age male suicides — with nearly one worker losing his life to suicide each week and the avoidable burden and impact of suicide in the New Zealand construction industry has been estimated at $1.1 billion per annum," he said. A radical overhaul of the country's traditional construction model was needed, with greater emphasis on financial literacy being a priority, he said. "The New Zealand building industry is seeing its lowest levels of annual growth over a decade with a rate of just 0.6% in the second quarter of 2024 — a factor that is likely to exacerbate mental health concerns for many in the trade. "Kiwi builders have been taught how to create outstanding projects. They're brilliant with the tools — but no-one has taught them how to build a great business. Without a proper understanding of financial management, many building company owners were left grappling with severe cash-flow challenges, working long hours and sacrificing their personal lives. In many cases, that led to overwhelming stress and deteriorating mental health. "When you're constantly worrying about how to pay your subcontractors or secure payroll for the next week, it isn't just your business that suffers — it's your whole life," he said. A business like The Professional Builder could help but it also needed to be part of a wider mandate. A government focus on big projects such as KiwiBuild had not had the desired outcome, he said. A focus on the likes of reducing red tape in the industry would help significantly at a macro level but not at a micro level, where business owners were "struggling to understand their numbers". Groups like Mates in Construction NZ and Mike King's Gumboot Friday did some "phenomenal work" and he believed the government could be doing a lot more at grassroots level and also industry body and commercial level. Last month, Mr Amos launched a book The Profitable Builder's Playbook to help business owners improve their financial management. The company has launched an expansion programme to grow the market in the US, and there are plans to increase its physical presence there and establish partnerships with hardware wholesalers, similar to its relationships with Carters, ITM and Mitre 10 in New Zealand. The Professional Builder will be exhibiting at a roadshow in Texas in several weeks, to be followed by six seminars in the state. Need help? Life Matters Suicide Prevention Trust 027 240-0114 Need to talk? 1737, free 24/7 phone and text number Healthline: 0800 611-116 Lifeline Aotearoa: 0800 543-354 Suicide Crisis Helpline: 0508 828-865 (0508 TAUTOKO) Samaritans: 0800 726-666 Alcohol Drug Helpline: 0800 787-797 General mental health inquiries: 0800 443-366 The Depression Helpline: 0800 111-757
1News
12 hours ago
- 1News
Foreign exchange fined amid transactions deemed 'objectively suspicious'
An Auckland-based foreign exchange and money remittance company has been convicted and fined $1.125 million for failing to report suspicious activities and to submit prescribed transaction reports. An investigation by the Department of Internal Affairs (DIA) found that Qian DuoDuo Limited, which traded under the name Lidong Foreign Exchange, found it failed to report 197 international transactions to China between June 2018 and September 2019. The transactions, which totalled over $19.14 million, included 26 "objectively suspicious" activities with a value of $4.72 million and 171 involved prescribed transactions with a value of $14.42 million. The value of the nearly 200 transactions represented around one fifth of the gross value transactions undertaken by Qian DuoDuo Limited for the 2018/2019 financial year. Two individuals who completed the transactions, Xiaoyu Lu and Musubayoufa Fuati, were convicted of criminal offending. ADVERTISEMENT Fuati was convicted of structuring transactions to avoid anti-money laundering laws, while Lu was convicted of providing unregistered financial services, as well as multiple counts of money laundering. Both pleaded guilty to their charges. In sentencing, the Auckland District Court found the company failed to carry out adequate customer due diligence on the source of Fuati and Lu's funds and relied on questionable verification documents despite recognising a high risk that its operations could be used to launder money. Anti-money laundering and countering financing of terrorism director Serge Sablyak said Internal Affairs took offences under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 "very seriously". "Suspicious transactions have the potential to be linked to money laundering or terrorist financing activities. Prescribed transaction reports are vital in alerting law enforcement to suspected offenders and make money laundering and terrorist financing difficult to hide." Sablyak said Qian DuoDuo Limited had a "history of non-compliance". "In 2017, the Department took civil action against the company following non-compliance with its obligations, and the High Court confirmed multiple breaches of the company's legal obligations. "When financial institutions, including money remitters, continue to fail to meet their obligations under the Act, the Department can and will take action." ADVERTISEMENT Qian DuoDuo Limited appealed the District Court's decision to the High Court.
