‘Labour today is middle-class elite, and don’t trust the people,’ Peters says.
Cabinet has approved an AML/CFT reform work programme.
ANALYSIS: When it comes to the investment management component of financial services, most people don’t have much of a clue as to whether they have been treated fairly or not.
Official data reinforces the subdued economy requires more interest rate cuts to grow again.
Significant implications for directors, particularly if creditors are well-funded or ‘determined’, lawyer says.
The Government says it is not the authority’s role to prefer one form of electricity supply over any other.
Listed insurer says underlying NPAT could be about $83m in year ended September 30.
Sale to Auckland businessmen on the cards as Cherri Global struggles to pay its debts.
She says lower interest rates will have a significant impact on households and businesses.
In March, Jonny Hendriksen’s Shuttlerock committed to the ‘Pledge 1%’ movement to support mission-driven businesses, donating 1% of its product and 1% of its time.
ANALYSIS: Has this week’s much anticipated debate shown a national conversation on the Treaty Principles Bill might be worthwhile?
ANALYSIS: Heavily redacted details of anti-money laundering compliance failures at SkyCity Auckland have finally been released. They do not show the regulator in a good light.
ANALYSIS: While many projects on the fast-track list are not controversial there are enough that have created strong political opposition.
ANALYSIS: Early hopes for green hydrogen have had a reality check.
ANALYSIS: China’s plans to boost its economy are likely to have significant global implications.
TVNZ now seeking feedback on proposals.
Projects in Coromandel and Otago to be considered by expert panel under new resource consent legislation.
New survey shows public service is leading the way, but private companies aren’t following.
Recently-rebranded NZX funds management business Smart launches four new ETFs in strategic alliance with iShares.
Rio is taking a counter cyclical approach and buying at the bottom of the cycle.
The NZX-listed food and beverage retailer behind Esquires in the UK and Ireland reported interim revenue.
Craig Renney says particularly low-income people who rent might not be better off.
Borrowers and retailers rejoice after the cut, with the official cash rate expected to fall further in 2025.
Governor Adrian Orr proud of gains the bank has made in the past year.
Two of the star operators of Māori tourism are showing how a shift from volume to value is transforming the industry.
A summit in Wellington today is hoping to entice more Māori into construction as the industry faces a shortfall of more of 350,000 workers.
New Plymouth can expect an economic boom next February as the greatest show in Te Ao Māori comes to town.
Finance Minister Nicola Willis says Government is still committed to getting back into surplus in 2027/28.
‘We’ve just got to get things done,’ the RMA reform minister tells NBR.
It raised questions around transparency, value for money and accountability for government spending, A-G says.
Vote was seen as a crucial test for Wellington mayor Tory Whanau.
Capital costs related to AT’s now-fast tracked rail project to remove level crossings are likely headed to at least half a billion dollars, but could also be in ‘never-never’ land.
Estimated at $80m to $100m more than 10 years ago, the cost of the Waitaha hydro scheme is yet to be updated.
Numbers peaked at 420,000 this year but will be cut to 270,000 next year.
The bank regularly holds off-the-record briefings, but that confidence is not always respected.
The deal will see Virgin return to international routes, and could also kickstart the stalled IPO.
‘Choosing winners wasn’t easy – every finalist impressed,’ says 2024 KiwiNet Research Commercialisation Awards judge Cather Simpson.
The investment by US-based McGeever comes before an $8m Series A funding round.
A 10-year review shows it has supported nearly half of deep tech startups founded in NZ but some think money could be better spent elsewhere.
LISTEN: This episode of NBR’s podcast examines how mining is back in favour and headed for the Government’s new fast-track consenting process.
LISTEN: On this episode of NBR’s podcast, NZ Steel CEO Robin Davies on why the company’s new electric arc furnace could reduce emissions more than expected, and why the project kept the Aussie-owned company in NZ.
LISTEN: This episode of NBR’s podcast looks at a $5 billion dollar plan to 'deseasonalise' the tourism industry.
The central bank published its submission to Parliament’s select committee inquiry into banking competition today.
Although the fund’s investors have appointed a new manager to help promising portfolio of companies.
But fund faces risks in the years ahead.
Meanwhile, the family trust of Kenyon and Charlotte Clark has also been put into receivership.
Regulator files civil court action after bank overcharged customers $3.9m over eight years.
The 341-square-metre home, bought for $1.68 million in 2018, has a capital value of $2.19m.
Glen Cornelius says the law firm is a force to be reckoned with after growing to more than 50 partners.
Three partners and seven lawyers join international insurance firm ahead of further hires.
Kelera Nayacakalou found to have sub-contracted insolvency work out to a person whose application to be a licensed practitioner had been declined.
More than 1000 farmers come forward to vent over what banks are not allowing, as inquiry ponders competition issues.
State-owned farming company, which trades as Pāmu, pays bonus after missing financial targets.
NZ Meat Workers Union national secretary warns other plants could follow suit as industry declines.
Nasdaq-listed technology company competes with Uber for market share in New Zealand, as smaller competitors exit market.
The Little Bone Broth Company has expanded its retail presence and now plans to scale up production.
Market regulator today said it was not satisfied the merger of North Island and South Island co-ops wouldn’t substantially lessen competition in the market.
Owners of Tauranga office property have called a special meeting over concern about the future of their investment.
Conversion specialist says New Zealand’s second biggest city has a more ‘favourable attitude’ towards getting developments across the line than Auckland.
Housing agency Kāinga Ora doesn’t have the ‘capability, capacity, or willingness to foster private-sector developments,’ Winton says.
Retirement operator, aimed at a younger market, attracted its ‘first tranche’ investment with Singapore entity linked to Arvida suitor, Stonepeak, as it looks to expand lifestyle offering.
Kiwi-built software simplifies essential tasks like quoting, invoicing, and job tracking for tradespeople.
But correspondence released to NBR under the OIA says there have been no issues with Live Deals.
ANALYSIS: The biggest infrastructure challenge is about generating revenue streams, the Infrastructure Commission says.
Joint ownership by three fuel companies seen as stumbling block to critical storage investment.
But piecemeal and one-off projects are an ‘extraordinarily’ expensive, inefficient way to build infrastructure, outgoing CRL boss says.
The Lowe investment portfolio includes a 17% stake in the Oh My Goodness specialty breads business, and small holdings in Mobile Health, which provides a mobile surgery to rural areas, and Northland’s Reswax gum extraction company.
Kurt Gibbons’ will have more money in the bank this year after his business partner decided to liquidate some assets.
The Perry family’s charitable efforts run all the way back to 1976, when the Brian Perry Charitable Trust was kick started. It now has total assets of $34.2m including the $5m Podium Lodge.
Inia William Tuuta Memorial Airport’s runway is longer and stronger.
Carry On: Qatar-Virgin Australia deal, Cathay’s US plans, new codeshares.
Attractions include warbird charter flights and Air New Zealand exhibitions.
David Leach has been serving as a board member of Javln for four months.
Blackpearl Group current chief financial officer Karen Cargill will transition into the strategically focused role of chief governance officer when Jean-Francois Arlove becomes the new new CFO.
Council appoints Bharat Chawla as chair and Jonathan Manuel as Treasurer. Also there are three new board members: Edwin Paul; Jenny McGregor; and Rachel Lynch.