Archive for October, 2010

Liquidation an option for PGC after Marac merger

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Pyne Gould Corp., the major partner in the proposed South Island bank, is considering liquidating its residue assets should its finance unit merge with smaller rivals. Read more »

MARKET CLOSE: NZ stocks reach 6-month high

Article – BusinessDesk

Oct. 29 (BusinessDesk) – New Zealand stocks rose to their highest level since April 24, outperforming regional markets, as SkyCity Entertainment Group gained after a bullish outlook statement from the company’s board. Read more »

NZOG primed for more Pike River delays

Article – BusinessDesk

Oct. 29 (BusinessDesk) – New Zealand Oil & Gas Ltd. is already anticipating further delays to projected coal production by Pike River Coal Ltd. because of the likelihood that the troubled West Coast miner will breach debt covenants again before … Read more »

SFO ups the ante in South Canterbury probe

Article – BusinessDesk

by Paul McBeth Oct. 29 (BusinessDesk) – The Serious Fraud Office has raised the stakes in its probe into South Canterbury Finance Ltd., announcing a “Part 2 investigation” after its initial swoop into some of the failed lenders’ transactions. Read more »

Members’ expense disclosure 1 July to 30 Sept 2010

Press Release – Parliamentary Services

The expenses shown in the attached table were paid by the Parliamentary Service (air, surface travel, Wellington accommodation and non-Wellington accommodation) and the Office of the Clerk (inter-parliamentary travel) between 1 July 2010 and 30 September … Read more »

Ministers’ expenses – 1 July to Sept 30 2010

Press Release – Department Of Internal Affairs

Members of the Executive (Ministers of the Crown) require financial resources and support services to fulfil their responsibilities and to service the public efficiently and effectively. Their entitlement to these resources and support services is specified … Read more »

Govt sells off workers’ rights to big business

Press Release – New Zealand Nurses Organisation

The New Zealand Nurses Organisation (NZNO) is extremely concerned that the Government has sold off the rights of New Zealand workers to big business. Legislation passed in parliament today makes all those who work for the film industry contractors rather … Read more »

Liquidity guidelines for non-bank deposit takers

Press Release – Reserve Bank

The Reserve Bank has published non-binding quantitative liquidity guidelines for the non-bank deposit taking sector. The guidelines complement the Deposit Takers (Liquidity Requirements) Regulations 2010 gazetted earlier this month. Under the … Read more »

Losses in Hubbard vehicles at least $58M

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Investors in Allan Hubbard’s frozen vehicles will probably lose at least $58 million, according to the latest report from the government-appointed statutory manager. Read more »

Snags around Enduring Powers of Attorney

Press Release – Guardian Trust Funds Management

Most adult New Zealanders with business or personal financial assets to protect should have an Enduring Power of Attorney (EPA), but Guardian Trust’s general counsel Chris Kelly warns that current legislative issues are making it difficult for people … Read more »

NZ company launches first wireless electric cars

Press Release – Auckland UniServices Ltd

A New Zealand company has launched the world’s first wireless technology which allows parked or moving electric cars to charge automatically. Read more »

MPs Expenses And Changes To Disclosure

Press Release – Office of the Speaker

1. The format used for releasing Members’ expense information has lacked integrity for the following reasons: o The data has confounded genuine expenses with elements of Members’ remuneration package. Read more »

Changes to Metro Services from November

Press Release – Christchurch City Council

A number of new and improved bus services will be rolled out in the Greater Christchurch area from Monday, November 1. The changes are in response to public feedback, received through the recent Metro service review. Overall, they will provide improved links … Read more »

Netsuite Unveils the Client-Aware Cloud

Press Release – Netsuite

Sydney – 29 October 2010 – NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud -based financials / ERP software suites, today announced that it is taking advantage of the new Intel(r) Web API to enhance user experience on NetSuite’s Ecommerce … Read more »

Brownlee welcomes contractor clarification

Press Release – New Zealand Government

Economic Development Minister Gerry Brownlee has welcomed the passing of The Employment Relations (Film Production Work) Amendment Bill. Read more »

Selwyn Star service begins

Press Release – Environment Canterbury

Environment Canterbury will start the new Selwyn Star services as scheduled from November 1, adding to existing services between Selwyn, the south-west and Christchurch City. Read more »

Employment Relations (Film Production Work) Bill

Speech – The Maori Party

As we have debated this Bill under urgency, it has been clear that although not all of the unions have been cheering in support, that those within the film productive industry itself have – in general terms –been broadly in agreement with the fundamental … Read more »

Beware the Counterfeit Candidate

Press Release – Drake International

In a tough job market, it’s not surprising candidates do what they can to ensure they get the role. The reality is many candidates will tell little while lies that seem like they can’t hurt, yet these can easily mislead a prospective employer … Read more »

Hollywood ending for Hobbit – what about housing?

Press Release – Milestone Homes

New Zealand is celebrating a happy ending for the Hobbit, but jobs in one of the country’s biggest sectors remain under threat. Read more »

Super-city a safe bet, S&P says

Article – BusinessDesk

Oct. 29 (BusinessDesk) – The amalgamated Auckland “super-city” is good for an AA credit rating from the credit agency Standard & Poor’s, although heavy infrastructure spending and any lack of spending control could threaten that. Read more »

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