Last nights announcement that the Whakatāne Board Mill’s Swiss owner, SIG, is proposing to close the facility is a significant blow to the local economy. Employing over 200 highly skilled staff and a major processor of NZ wood fibre, the Mill is the backbone of the local Whakatane economy. Toi […]
Work to repurpose PGF funds begins
The Provincial Development Unit is working through applications and projects to see where Provincial Growth Fund money can be repurposed for initiatives deemed more critical to fighting the economic impacts of the COVID-19 pandemic, Regional Economic Development Minister Shane Jones says. “We need to be throwing everything we have at […]
Changing faces at Toi EDA
Toi EDA, the Eastern Bay of Plenty’s economic development agency, has seen sweeping changes to its Trustees, Chair and management as it reorganises to better focus on delivering economic support and services in the Eastern Bay of Plenty. The new Interim Chair, David Turner, is bringing his industry background as […]
Fall in house sale volumes accelerated in March
April 12 (BusinessDesk) – Housing sales activity slumped 12.9 percent to a 17-month low in March, a month that is usually one of the peak selling months of the year, and annual house price inflation eased to 2.3 percent.
NZ Super Fund to invest US$115M in N.American data centres
April 12 (BusinessDesk) – New Zealand’s $41 billion Superannuation Fund will invest up to US$115 million in North American data centres as it seeks to capitalise on the growing demand for data infrastructure.
Eden Park CEO in the running for top stadia award
The Chief Executive of New Zealand’s national stadium is amongst the finalists for an international accolade which acknowledges industry excellence of worldwide stadium executives.
US citrus ban not expected to affect retail supply
April 12 (BusinessDesk) – A temporary halt to US citrus imports is not expected to affect retail fruit supplies, the Ministry for Primary Industries says.
Statement on Supreme Court judgment on ANZ v FMA
The FMA is pleased with the Supreme Court decision in the matter between ANZ and the FMA, released this morning.