Archive for January, 2009

Luxury Riverboat Launched

The luxurious Discovery 1 riverboat is now at its new Tuakau home, about 30 minutes south of Auckland, and moored on the Waikato River.
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NZ Government Housing Commitment Applauded

Following the recent release of the 2009 5th Edition Demographia International Hopusing Affordability Survey, the New Zealand National led Coalition Government Housing Minister Hon Phil Heatley, soon after released a public statement “Bringing better balance …
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Telecom Wholesale Rolling Out Super-Fast Broadband

In its latest move to offer New Zealanders world class broadband services, Telecom Wholesale is installing the newest and most advanced standard of super-fast broadband – known as VDSL2 (‘Very High-Speed Digital Subscriber Line 2’).
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Pacific Resort Aitutaki kicks off 2009 with Awards

Pacific Resort Aitutaki has been chosen as a Best Luxury Hotel in the World & the South Pacific by TripAdvisor® in its 2009 Travelers’ Choice awards. Now in its seventh year, the TripAdvisors Travelers’ Choice awards honour the world’s …
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Housing consent numbers continue to fall

Building consent statistics show the number of new housing units authorised continues to fall, with 1,127 units authorised in December 2008, Statistics New Zealand said today. This is the lowest monthly total since January 1987.
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Minister wants report on Waterview alternatives

Transport Minister Steven Joyce has asked officials to investigate alternatives to the proposed tunnel option for the Waterview Connection following a new cost estimate that is significantly more than originally estimated.
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$440m Maori fisheries local solution to crisis

Te Ohu Kaimoana has now transferred more than $440 million worth of Fisheries Settlement assets to iwi – a resource that could play a key role in helping Maori come through the current global economic crisis, the organisation’s Chairman Archie Taiaroa told …
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Four weeks of protests for shops selling Kwila

Rainforest Action and the Indonesian Human Rights Committee are planning a month of protests outside all Auckland stores of the nationwide furniture chain Four Seasons, in response to the company’s continued selling of outdoor furniture made from illegally …
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Maori Party supports wage restraint for MPs

As debate continues today over pay rates for MPs and elected members of local government, the Maori Party says its MPs should not be granted a pay rise.
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NZ dollar reaches 6-yr low, worst month since Oct

Jan. 30 – The New Zealand dollar is heading for its biggest monthly decline since October as interest rate cuts and a deteriorating global economy push the currency to its lowest level in six years.
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Stocks to Watch: NZ Equity Preview 30/1/09

Themes of the day: The New Zealand dollar slipped as low as 51.41 U.S. cents, the lowest since December 2002, after the central bank’s rate cut yesterday and more evidence of a weakening global economy. Stocks on Wall Street fell after a slew of …
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BNZ Weekly Overview January 29 2009

The Reserve Bank generally exceeded market expectations this morning by cutting the official cash rate 1.5% down to 3.5%. Given the strong emphasis the RB placed on the situation offshore and the fact that things internationally continue to deteriorate …
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Select Sale Gathers Momentum

It was another solid day’s trade on day two of New Zealand Bloodstock’s three-day Select Sale at Karaka, with good competition still witnessed on many of the yearlings catalogued for sale today.
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New technology a hit with library customers

New self-service machines are a hit with Manukau Libraries’ customers – much to the delight of library staff. During December, all of Manukau’s 13 community libraries recorded a huge increase in books self-issued by customers. Pakuranga library users …
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Bike-carrying racks on bus routes expands

Environment Canterbury (ECan) councillors have agreed to extending the number of Christchurch bus routes which will be able to carry bicycles. This will give cyclists the option of cycling one way to work or outdoor activities and busing back, or doing …
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While you were sleeping: Overnight wrap 30/1/09

Jan. 30 – Stocks on Wall Street fell after a slew of economic figures dashed prospects for an early revival in the world’s biggest economy.
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Unions want action to head off job losses

Unions are developing proposals to head off job losses as the global financial crisis starts to impact seriously on the New Zealand economy. Workers did not create this crisis – but they are paying for it worldwide.
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ANZ National sheds 100 jobs this week

ANZ National has announced nearly 100 job cuts this week, most of which are the latest in the bank’s move to cut costs by offshoring work to Bangalore. Bank workers union Finsec says the bank has also backed away from prior public commitments to provide …
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Wilkinson out on her own

Why did it take a report by the International Labour Organisation on unemployment for Labour Minister Kate Wilkinson to realise the importance of employment issues, Labour spokesperson Trevor Mallard said today.
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NZ stocks gain as OCR cut to record low

Jan. 29 – New Zealand stocks rose, pushing the NZX 50 Index higher for a fourth straight day, after the central bank cut its benchmark interest rate more than expected, trimming borrowing costs and driving the kiwi dollar lower.
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