Business
Economy
Budget leak: no Treasury hack, say police
By Pattrick Smellie May 30 (BusinessDesk) - Police investigating a leak of sensitive Budget information have determined that the Treasury's computer system was not 'hacked'. In a rocky start to what should have been a showcase day for the government's first 'Wellbeing' Budg...
Policy
Hawke's Bay Regional Council to go ahead with Napier Port IPO, likely in early July
By Rebecca Howard May 29 (BusinessDesk) - Hawke’s Bay Regional Council said it will proceed with a public share sale of 45 percent of Napier Port and it expects the initial public offering to take place in early July. “The last hurdle is to satisfy ourselves around pricing...
Infrastructure
Contact Energy to spend $30M on geothermal appraisal wells
By Rebecca Howard May 29 (BusinessDesk) - Contact Energy will spend $30 million on a series of appraisal wells on Taupo's Tauhara geothermal steamfield as it builds towards a final investment decision for a new power station in 2020. The drilling programme - involving four...
Policy
Fast-track urban development law introduced to Parliament
By Pattrick Smellie May 29 (BusinessDesk) - The first in a two-part legislative process to create a central government body with powers to fast-track urban infrastructure and housing development in cities where growth issues are acute has been introduced to Parliament. Hous...
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