Radio New Zealand board appointment

Press Release – New Zealand Government

Arts, Culture and Heritage Minister Maggie Barry has announced the appointment of experienced Wellington businessman Mike (MOD) ODonnell to the board of Radio New Zealand. Read more »

CORRECT: KiwiRail’s net loss widens

Article – BusinessDesk

Aug. 25 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said its full year net loss widened while the operating surplus sank by almost a third due to the impact of the Kaikoura earthquake in November. Read more »

KiwiRail’s net loss widens and operating surplus falls

Article – BusinessDesk

Aug. 25 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said its full year net loss widened while the operating surplus sank by almost a third due to the impact of the Kaikoura earthquake in November. Read more »

Kiwibank chief Paul Brock to depart at the end of the year

Article – BusinessDesk

Aug. 22 (BusinessDesk) – Kiwbank chief executive Paul Brock will leave the state-owned lender at the end of the year, ending seven years in charge of the country’s fifth biggest bank. Read more »

Transpower to pay $165 mln dividend to Crown

Article – BusinessDesk

Aug. 17 (BusinessDesk) – Transpower, the state-owned national grid operator, kept its $165 million dividend payment to the government largely unchanged after a year of cutting costs saw a small increase in underlying earnings. Read more »

Transpower releases 2016/17 annual result

Press Release – Transpower

Transpower New Zealand today released its annual results for the 2016/17 financial year. Revenue increased to $1,061.1 million, up 3% from 2015/16. The increase was a result of uplifts to the inputs used in the calculation of our allowable transmission … Read more »

Contact looks to tighten market after ‘crappy quarter’

Article – BusinessDesk

Aug. 14 (BusinessDesk) – Contact Energy is looking to tighten electricity supply, saying it will seek better prices for roughly half a terawatt hour of its total annual generation either from commercial and industrial customers, wholesale spot market … Read more »

Sale of Reefton Assets

Press Release – Solid Energy NZ

Solid Energy has today completed the sale of its remaining Reefton assets to Moore Mining Ltd. The sale comprises the Reddale and Burkes Creek mining operations near Reefton, with the associated coal washery and plant and equipment. Read more »

NZ Post to Pilot Multi-Brand Subscription Parcel Service

Press Release – NZ Post

NZ Post is about to launch a trial for a new delivery service for Kiwi online shoppers, called Shipmate. Read more »

Crown Irrigation Invests $815,000 in Manuherikia Water

Press Release – Crown Irrigation Investments

2 August 2017 – Crown Irrigation Investments Ltd. (Crown Irrigation) has agreed to provide development grant funding of $815,000 for remaining Manuherikia Water Project pre-feasibility phase investigations. Read more »

Railway man’s bravery honoured

Press Release – KiwiRail

Railway mans bravery honoured A plaque honouring the courage of railway man Corporal Leslie Andrew has been unveiled today at Wellington Railway Station by KiwiRail Chief Executive Peter Reidy, The Rail Heritage Trust and Corporal Willie Apiata VC. Corporal … Read more »

Taxpayers environmental liability from Solid Energy mines

Press Release – Forest And Bird

Forest & Bird says evidence of corporate welfare and dirty deals is mounting up as the Governments sale of Stockton coal mine progresses. Read more »

Leak Reveals National Plans to Privatise Transpower

Press Release – New Zealand First Party

Leak Reveals National Plans to Privatise Transpower NZ First says a leaked January 2017 presentation to Transpower by Swiss Investment Bankers UBS reveals the National Government intends to privatise the National Grid. We have evidence National is … Read more »

IwiRail Policy gets thumbs up but NZ First are opportunists

Press Release – Gisborne Rail Coalition

The Gisborne rail coalition is describing the IwiRail regional development policy launched by the Maori Party yesterday as a “the best plan in town” that is winning the hearts and minds of local rail campaigners. Read more »

‘IwiRail’ nothing less than economic sabotage

Press Release – New Zealand Taxpayers’ Union

The Taxpayers Union is staggered at the economic recklessness of the Maori Partys IwiRail announcement, labeling it ‘populist economic sabotage’. Read more »

Ferry sailing cancellations

Press Release – KiwiRail

Sailings of the Interislander ferries have been cancelled due to the deterioration of weather in Cook Strait, with the up to 7-metre-high waves arriving earlier than predicted. Read more »

Old faithful hangs up its hat

Press Release – Cawthron Institute

After 16 years of service, Cawthrons first liquid chromatography-mass spectrometer (LC-MS) is hanging up its hat, making room for new technology. The inner workings of the retired instrument dubbed Old Faithful has been mounted in honour of … Read more »

Treasury’s Landcorp advice shows challenge to investment

Article – BusinessDesk

July 3 (BusinessDesk) – State-owned enterprise Landcorp Farming has repeatedly clashed with the governments financial adviser, the Treasury because it wants to reinvest cash to grow its business rather than return it to the government as dividends, papers … Read more »

New CRI contracts on their 25th anniversary

Press Release – New Zealand Government

Science and Innovation Minister Paul Goldsmith has welcomed the start of new funding contracts for New Zealands Crown Research Institutes (CRIs), which will enable a more strategic approach to science as they celebrate their 25thanniversary during … Read more »

Govt settles on high-level EQC reforms

Article – BusinessDesk

Govt settles on high-level EQC reforms after five-year long review, eyes 2020 implementation Read more »

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