Marsden Point plans production halt in July, August

Gavin Evans
Fri, 22 May 2020

The Marsden Point oil refinery is to stop production for several weeks from late July to help clear surplus fuel stocks around the country. The plant has been operating at about half capacity the past two months, minimising production by running units on a rotating basis. It now plans to put all units on standby for “several weeks” in July and August to “balance fuel supply across the country.” National fuel demand fell by about 80 percent when the country went into lockdown late March to contain the spread of covid-19. It is recovering b...
Markets
MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus
Rebecca Howard | Fri, 05 Jun 2020

Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payr...

Infrastructure
Loss expected from NZ Steel on covid shutdown
Gavin Evans | Fri, 05 Jun 2020

BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Paci...

Policy
Auditor-General sacking didn't follow Crown advice
Gavin Evans | Fri, 05 Jun 2020

A parliamentary committee that sacked former Auditor-General Martin Matthews in 2017 didn’t follow the solicitor-general’s direction on a fair process.

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Go local: Kiwi firms need your business to survive

Now, more than ever, Kiwis must support local businesses so they can keep Kiwis employed.

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Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks