Covid recovery fund derails $85m from PGF lines

Covid recovery fund derails $85m from PGF lines
Brent Melville
About $85 million of the $600 million appropriated from the provincial growth fund into the covid response and recovery effort will come from money earmarked for tourism rail and local council developments that were unable to get their act together. Head of the provincial development unit with the Ministry of Business, Innovation and Employment, Robert Pigou, said the first tranche of funding, about $160 million, will be "repurposed" from the PGF into labour intensive projects such as environmental work and roading and rail investments. ...

More Economy

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
India's FTA surge and the implications for New Zealand
Economy

India's FTA surge and the implications for New Zealand

India has signed 13 free trade agreements in five years, but what does this mean for NZ?

Dileepa Fonseka 28 Mar 2024
Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024