06 Mar '11, 8am

The New Zealand earthquake will cost the country up to NZ$15 billion and knock GDP growth down by 1.5 percentage points

The New Zealand earthquake will cost the country up to NZ$15 billion and knock GDP growth down by 1.5 percentage points

The earthquake will cost the country up to NZ$15 billion (S$14 billion) and knock gross domestic product growth down by 1.5 percentage points. -- PHOTO: AFP WELLINGTON - THE New Zealand earthquake will cost the country up to NZ$15 billion (S$14 billion) and knock gross domestic product growth down by 1.5 percentage points, the Treasury department said on Sunday. But it predicted an economic boost next year when rebuilding is under way following the 6.3 magnitude earthquake on February 22, which devastated the main South Island city of Christchurch. 'We estimate that GDP growth will be around 1.5 percentage points lower in the 2011 calendar year solely as a result of the February earthquake,' the Treasury said in its monthly report. The Treasury had previously forecast that GDP, which is worth around US$125 billion (S$158.3 billion), would rise 3.0 per cent in 2011. 'From 2...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

Tweets

PM favours rate cut for quake-hit New Zealand

channelnewsasia.com 07 Mar '11, 5am

WELLINGTON: New Zealand's earthquake-battered economy would receive a much-needed boost this week if the central bank cut ...

The NZ earthquake has another unexpected victim - 'The Wizard of New Zealand' says he'll be hanging up his hat

The NZ earthquake has another unexpected victim...

straitstimes.com 02 Mar '11, 6am

The Wizard of Christchurch, otherwise known by his given name, Ian Brackenbury Channell, casts a 'spell' during a televisi...

The quake will cost Japan S$228 billion

todayonline.com 15 Mar '11, 4am

TOKYO - Quake-hit Japan faces a recovery and reconstruction bill of at least US$180 billion (S$228 bil-lion), or 3 per cen...

Fiji tourist operators say they will offer free beach holidays to residents of quake-hit Christchurch

Fiji tourist operators say they will offer free...

straitstimes.com 07 Mar '11, 4am

Fijian tourist operators say they will offer free beach holidays and hotel accommodation to New Zealanders to help them re...

New Zealand remembers quake dead as toll hits 146

channelnewsasia.com 26 Feb '11, 11pm

CHRISTCHURCH, New Zealand - Grieving New Zealanders held church services for victims of the deadly Christchurch earthquake...

New Zealand earthquake leaves 65 dead

New Zealand earthquake leaves 65 dead

channelnewsasia.com 22 Feb '11, 6am

CHRISTCHURCH, New Zealand: A powerful 6.3 magnitude earthquake on Tuesday killed 65 people and trapped dozens more under f...

24 Japanese missing in New Zealand quake, including 11 students who studied at a language school

24 Japanese missing in New Zealand quake, inclu...

straitstimes.com 23 Feb '11, 4am

The number of Japanese citizens missing after a powerful quake struck the city of Christchurch in New Zealand has risen to...

98 dead, 226 missing in New Zealand quake

98 dead, 226 missing in New Zealand quake

channelnewsasia.com 24 Feb '11, 6am

CHRISTCHURCH, New Zealand: Rescue workers have recovered 98 bodies after the New Zealand earthquake and there are "grave c...

It will take at least 10 years to rebuild Christchurch, officials said, adding that the CBD would be closed for 'months'

It will take at least 10 years to rebuild Chris...

straitstimes.com 03 Mar '11, 3am

Civil Defence head John Hamilton confirmed that officials now believed there were no survivors trapped beneath the mountai...

China asks N. Zealand for extra quake dead cash

channelnewsasia.com 14 Mar '11, 3am

WELLINGTON: Beijing asked New Zealand Monday to pay extra compensation to Chinese parents whose children died in the Chris...

6.3 magnitude quake hits New Zealand's Christchurch, fatalities reported

6.3 magnitude quake hits New Zealand's Christch...

channelnewsasia.com 22 Feb '11, 1am

WELLINGTON: Multiple fatalities had been reported in New Zealand's Christchurch following a major 6.3 magnitude earthquake...

Nearly 400 dead or missing in New Zealand quake

Nearly 400 dead or missing in New Zealand quake

channelnewsasia.com 22 Feb '11, 11pm

CHRISTCHURCH, New Zealand - New Zealand declared a national state of emergency Wednesday after one of its worst earthquake...

NZ observed two minutes of silence for victims of the Christchurch earthquake, which left more than 240 dead & missing

NZ observed two minutes of silence for victims ...

straitstimes.com 01 Mar '11, 1am

New Zealand Prime Minister John Key (centre) stands beside his wife Bronagh and other invited guests in front of the 'Art ...

[CNA] No reports of Singaporeans affected by New Zealand quake: MFA

[CNA] No reports of Singaporeans affected by Ne...

channelnewsasia.com 22 Feb '11, 6am

SINGAPORE: Singapore's Foreign Affairs Ministry said it has not received any reports of Singaporeans affected by the quake...

New Post: Taste of New Zealand Cuisine, Food & Wine

New Post: Taste of New Zealand Cuisine, Food & ...

ladyironchef.com 26 Feb '11, 1am

There is always room for desserts, and we had a tasting plate of blackcurrants with New Zealand vanilla and kiwifruit, New...