NZ to keep funding Clinton aid project, Rich Listers' Vic Park hotel venture, Immigration bureaucrats fight corruption
In NBR Print today: Even bank managers in India are taking part in immigration fraud as Immigration New Zealand battles rampant corruption in the market for student visas – the pathway to residence for many Indian migrants. Tim Hunter looks deep into the issue and reveals some startling information from here and abroad.
Political controversy surrounding Hilary Clinton’s philanthropic efforts has found its way to New Zealand, reports Jason Walls. New Zealand taxpayer funding, through MFAT to the Clinton Health Access Initiative health initiative, will continue with $6 million more budgeted to be donated to the fund on top of $7 million already donated, NBR has learned.
Auckland property developer Manson TCLM and Swiss-Belhotel International, majority owned by fellow NBR Rich Lister Gavin Faull, have joined forces to develop and run new hotels in the city. Swiss-Belsuites Victoria Park will open shortly and a second venture will be announced early next year. Sally Lindsay reports.
The usual pre-election “who will Winston Peters go with?” has already begun, a year out from election 2017. It misses the point, writes Rob Hosking.
Tim Hunter captures all the drama and all the colour from the first week of the Mark Warminger market manipulation trial.
Shoeshine bucks his own trend and finds something positive to say about Fonterra.
Before the $322.5 million takeover offer from Australia-based Bapcor emerged this week, Hellaby Holdings’ managing director had already been suggesting such a bid was possible. Alan Clarke had told brokers, analysts and investors the automotive division alone was worth more than the market capitalisation. Jenny Ruth reports.
The retail sector is always going to be affected by the weather and increasing overseas competition, so it’s up to a strong management team to keep a tight grip over stock and margins. Calida Smylie reports.
All this and more in today's NBR Print Edition. Out now.