Economy
Explore the latest economy news by BusinessDesk
Property
NZSA to 'reluctantly' vote in favour of Metlifecare litigation
The New Zealand Shareholders' Association is going to vote in favour of Metlifecare's litigation aimed at forcing Sweden's EQT to proceed with its $1.5 billion takeover offer, even though it has "reservations" about the action. EQT and its Asia Pacific Village Group unit annou...
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Services
$10m lifeline for major events
The government has allocated $10 million to help salvage nationally or regionally ‘significant’ events that provide the greatest flow-on benefit to regional economies in the wake of covid-19.Economic Development Minister Phil Twyford said that while the fund won’t save every even...
Infrastructure
Govt signals funding package for three waters projects
The government looks close to announcing a major funding package for councils planning water upgrades after separating those from the $2.6 billion of grants and loans it announced today for ‘shovel-ready' infrastructure work.The projects announced today include some climate-r...
Infrastructure
Puhoi to Warkworth motorway delayed seven months
The Puhoi to Warkworth motorway is now scheduled to open in mid-May 2022 after the New Zealand Transport Agency and Fletcher Building reached an agreement on how to manage the covid-19-related delays. The agreement includes a payment of $85 million to Fletcher and joint-ventur...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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