Business
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...
Economy
Business confidence a tad higher but residential construction a red flag
By Rebecca Howard May 29 (BusinessDesk) - Business confidence lifted slightly in May but was still in the doldrums, with residential construction intentions tumbling despite a capital gains tax being ruled out. A net 32 percent of the 364 respondents to the ANZ business ou...
Infrastructure
Vector depreciation bid rejected in ComCom DPP reset
By Gavin Evans May 29 (BusinessDesk) - Vector, the country’s biggest electricity distributor, has had its request to accelerate depreciation on its network assets turned down by the Commerce Commission. The company had sought a higher depreciation rate on its network assets...
Infrastructure
UPDATE: Precinct's Commercial Bay development faces more delays, higher costs
(Adds comment from Fletcher Building in the 14th paragraph, updates share price in final paragraph) By Rebecca Howard May 29 (BusinessDesk) - Precinct Properties New Zealand says its high profile Commercial Bay development being built by Fletcher Building will now take eve...
Prev
