Business
Infrastructure
Rig arrives for Tui development drilling
By Gavin Evans June 12 (BusinessDesk) - Tamarind Resources is aiming to begin a round of development drilling at the Tui oil field off the Taranaki coast late next week. The COSL Prospector rig arrived at the field early this morning, having spent four months in transit fro...
Primary Sector
Overseer to get revamp, farmers to benefit from budget projects
By Rebecca Howard June 12 (BusinessDesk) - Up to 2,200 farmers will get on-the-ground support through the $229.2 million Sustainable Land Use budget package and support tools - like Overseer - will be upgraded. Agriculture Minister Damien O’Connor and Prime Minister Jacind...
Services
NZME hits 10,000 paying subscriber target early
By Paul McBeth June 12 (BusinessDesk) - NZME's foray into charging its readers to access online news has beaten its expectations, taking just six weeks to attract 10,000 paying subscribers when it thought it would take a year. Premium digital subscription revenue has excee...
Retail
NZ consumers pull back on spending in May
By Rebecca Howard June 12 (BusinessDesk) - Consumers pulled back on credit and debit car spending in May after holidays in April fuelled a rise. Seasonally-adjusted electronic card spending fell 0.5 percent in May after rising 0.6 percent in April. Core retail spending, ex...
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