Grant funding might be available - but how do you tap into it?
But most organisations spend 10-20% of their time finding what they need - and time of course, costs money.
Lani Evans is the co-founder of Fundsorter, new online platform to help people looking for funding.
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RNZ News
36 minutes ago
- RNZ News
'Shameful': PNG Treasurer says successive governments have failed the people
Ian Ling-Stuckey, the Treasurer of Papua New Guinea. Photo: Supplied Papua New Guinea's Treasurer Ian Ling-Stuckey says successive governments have failed to improve the wellbeing of ordinary citizens, and the country "must learn from the mistakes of our past". Ling-Stuckey made these comments at the University of Papua New Guinea during the launch of a new book on the country's economic history since independence. He described the book titled, Struggle, Reform, Boom and Bust , which highlights that living standards have not progressed as espected, as a "profound wake-up call". He said the book has been too generous it its assessment of PNG's economic performance. "Using the National Statistics Office estimates of population (12.3 million people in PNG in 2022, not 9.3 million) and the Consumer Price Index lowers PNG's average living standards performance significantly, from 0.4% per annum as set out in the book, to negative 1.3% per annum. "This is a very depressing statistic. This is a real wake-up call." PNG is celebrating 50 years of independence this year. The country is one of the most cultrally diverse place in the world, home to multiple enthnic tribes and over 800 spoken languages. Since it gaining independece rom Australia on 16 September 1975, the country has faced a range of challenges, including political instability, economic and infrastructure underdevelopment and social issues such as tribal conflict and corruption. "We are deaf if we do not hear these factual realities of historic failure," Ling-Stuckey said. In 1980, living standards averaged K11,089 per person, in terms of today's kina, he said. However, more than two decades later, that figure had fallen to just K5903, he said. "This has been a shameful economic performance." He explained that the decline from 1980 to 2005 overshadowed the "boom" of the following decade led by late Grand Chief Sir Michael Somare, which only raised living standards to K7380 by 2014. "The 'bust' of the fourth period, from K7380 to K6483 under Prime Minister O'Neill, is also undoubtedly catastrophic, with a fall in living standards of over 12%. Then COVID made things even worse." "As we celebrate our extraordinary achievements as the world's most diverse country after 50 years, let us acknowledge that successive governments since independence have failed our people economically." "We must learn from the mistakes of our past and draw nourishment from our successes. We must reflect on our budget policies and ask what we can do to lift our revenues, particularly from the resource sector. We must reflect on the effectiveness of our government expenditure." He added PNG must also reflect on the excessive ambition of our plans, rooted in idealism rather than realism. "We must reflect on our industrial policies and ask if we have learnt the lessons from our past. We must look at the red tape and increased fees that our businesses are complaining about." Ling-Stuckey is a member of Prime Minister James Marape's Pangu Party, and is currently serving his third term in the PNG national parliament representing Kavieng. Struggle, Reform, Boom and Bust is free to download from the ANU Press website .
RNZ News
2 hours ago
- RNZ News
Winston Peters talks defence, trade with US Secretary of State Marco Rubio
US Secretary of State Marco Rubio meets with Foreign Minister Winston Peters in Washington, DC, on March 18, 2025. Photo: AFP / Saul Loeb Foreign Affairs Minister Winston Peters has spoken to his American counterpart Marco Rubio about defence and trade on Friday morning. The Minister was delighted to speak to US Secretary of State Marco Rubio this morning. The discussed: -US-NZ bilateral relations, including on defence, trade and development. -Recent events in the Pacific, including last week's PIF meetings in Suva; -The conflict in Gaza… Peters said he was "delighted" to speak to Rubio on the call about US-NZ bilateral relations including defence, trade and development. The pair also discussed last week's Pacific Islands Forum in Suva and recent developments in the conflicts in Gaza and Ukraine. A readout from the US State Department said Rubio expressed his appreciation for New Zealand's "recent courageous operation" to evacuate US personnel from McMurdo Station in Antarctica. "The Secretary and Foreign Minister also reaffirmed the strength of the US-New Zealand bilateral relationship," it said. Winston Peters at the defence spending announcement on Thursday. Photo: RNZ / Samuel Rillstone The meeting follows yesterday's announcement of the first tranche of the coalition's $12 billion spend on defence over the next four years. The first investment of $2.7b will buy five MH-60R Seahawk helicopters to replace the existing maritime fleet, and two Airbus A321XLR aircraft to replace the 757s. The helicopters make up the bulk of the expense, costing more than $2b, while the planes account for a $620 million capital cost and four-year operating cost of $80.86m under a six-year lease-to-buy agreement. They will be procured directly through the United States' Foreign Military Sales programme instead of going to a wider tender, with Cabinet to consider the final business case next year. The coalition has stepped up New Zealand's defence spend after pressure from the second Trump administration for countries to step up their investment. Speaking at yesterday's defence announcement, Peters said the intersection between New Zealand's defence and foreign policy was more important than ever before. "We face the most challenging strategic circumstances in New Zealand's modern history, and certainly the worst that anyone today working in politics or foreign affairs can remember. "Interests that New Zealand has long sought to advance are under serious pressure. Assumptions that have underpinned our policy settings for generations are being upended. While not without opportunity, this is a less predictable world for small states such as ours to navigate." Australia has also stepped up its defence spend this year, unveiling a mega $50 billion defence spending increase over the next decade.
RNZ News
2 hours ago
- RNZ News
NZX reports drop in half-year profits due to write-downs
NZX's half-year profits fell by 46 percent due to write-downs. Photo: Supplied / NZX Stock market operator NZX reports a drop in half-year profits due to write-downs. Key numbers for the 6 months ended June compared with a year ago: Half-year profits fell by 46 percent at New Zealand's stock market operator, NZX, as it wrote down the value of its Quay Street Management purchase and some energy contracts. Leaving aside the one-offs the underlying profit was a shade higher than a year ago. "NZX's results show the benefit of the diversified range of financial infrastructure businesses we operate, and the variety of offerings available for companies to access capital," NZX chief executive Mark Peterson said. He said it continues to maintain a strong focus on cost management, and costs focusing on integrating Quay Street Management and efficiencies in its Smart investment products. Peterson said work was progressing well on the relaunch of the NZX 20 Index Futures which it expects will lift future earnings. "Despite the challenging macroeconomic environment in the latter half of H1 2025, NZX remains well positioned through our growth strategy of expanding our capital markets' product range and driving scale and operating leverage across our financial markets' businesses." Changes to the legislation earlier this year is expected to encourage more companies to list on the stock exchange. NZX was forecasting full year operating earnings are expected to be in the range of $49.0m to $54.0m. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
