Sharp Decline In International Travel Due To COVID-19 | NZ Market Update

During the June quarter, the total number of border crossing stood at 78,400, down by 97.5 percent from 3.14 million on a y-o-y basis. The arrival number stood at 21,100, which comprised of a mixture of migrants and short-term travelers. The departure number stood at 57,200, and about 90 percent of these were not the citizen of New Zealand.

Pact Group Holdings Limited is a global packaging solutions business. The company seeks to acquire the assets and business of Flight Plastics Limited. Now, the Commerce Commission has stated initial issues in connection with the acquisition. The Commission's report highlights the crucial competition issues which are significant in taking any decision related to the clearance of the application. The Commerce Committee has encouraged comments on these issues in the form of public version from the interested parties.

MediaWorks has verified it will sell its TV operations to US company Discovery Inc. The agreement comprises Three and Bravo, streaming service ThreeNow, and multi-platform news and current affairs service Newshub, along with the further channels Three+1, Bravo+1, The Edge TV and The Breeze TV.

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