$4M extra for EPA to administer new offshore resources regime

Thu, 21 May 2015

By Pattrick Smellie May 21 (BusinessDesk) - The Environmental Protection Authority’s plea for additional funding to support administration of the new regime governing the Exclusive Economic Zone, with a $4 million boost to funding. The EPA had been struggling to meet the unexpectedly high costs of the new regime, which for the first time sets up a regulatory framework for exploiting resources in New Zealand’s vast oceanic area, the fourth largest in the world. The announcement was part of a four year $41.2 million package of measures t...
Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

Markets
MARKET CLOSE: NZ shares fall as energy sector sell-off continues
Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Finance
Metlifecare and EQT enter new $6 per share takeover agreement
Jenny Ruth | Fri, 10 Jul 2020

Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.