A tourism company owner, a Ferrari-driving farmer and an Auckland motor racing identity are among investors dipping into Mega merger target TRS Investments.
In today’s National Business Review print edition, five TRS investors discuss why they bought in, what they think of Mega founder Kim Dotcom and if they took professional advice before diving in.
Meanwhile, Harbour Asset Management’s Christian Hawkesby argues Labour’s recently unveiled Reserve Bank tool blurs the lines between monetary and fiscal policy, while political editor Rob Hosking makes his case for why it will never happen.
Chief reporter Duncan Bridgeman looks at new licensing requirements for financial services providers, as he discovers one entity, Chartered Savings & Loan, had its registration maintained five days after its Australian director and sole shareholder was sent to a Brisbane jail for fraud.
Columnist Matthew Hooton questions whether the Business Ministry undertakes proper cost-benefit analyses for its hundreds of millions of dollars of corporate welfare, while Minister Steven Joyce gets a right of reply over “favoured firms.”
Shoeshine wades through the Intueri Education Group’s 270-page prospectus and, after identifying some potential fish hooks, asks, why are we still being daunted by hefty offer documents?
Columnist Rodney Hide details how his friend, bankrupt property developer Dave Henderson, is stacking up the bodies by exposing the manifold failings and shortcomings of the insolvency industry.
Business reporter David Williams crunches the numbers over returns from the last year’s IPOs, such as Genesis Energy and Wynyard Group, and finds the returns were streets ahead of the NZX50 and the property market – although there seem to be dark clouds ahead.
Agribusiness professor Jacqueline Rowarth, writing in Heartland, contrasts agriculture’s shrinking greenhouse gas emissions with the transitory entertainment vapours from the V8 Supercars, and says greater action, especially in the energy and transport sectors, is needed to curb emissions.
Property editor Chris Hutching runs the rule over the recently approved sale of farms and lifestyle blocks to foreign buyers.
Media reporter Victoria Young picks apart M&C Saatchi’s bust and what it means for other networked agencies.
In Economically Speaking, Neville Bennett explains why the neoclassical economic syllabus is no longer relevant in the post-crash environment.
- Order Paper tackles the revision of New Zealand’s main economic figures.
- In Tray takes expert comment on the bursting of New Zealand’s economic “bubble.”
- In Foreign Affairs, Nathan Smith says a Nato-style structure would homogenise reactions to regional threats and ecological disasters.
All this and more in today’s National Business Review. Out now.