Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
Gull releases ethanol for sanitiser supplies
Fuel retailer Gull has released thousands of litres of ethanol to fill a critical supply shortage of the ingredient used in hand sanitiser.Local production of sanitiser has come to a standstill just as covd-19 has boosted global demand and put pressure on ethanol supplies. Ethano...
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Infrastructure
NZOG readies war chest for opportunities
New Zealand Oil & Gas said it is ready to pursue opportunities that the current market turmoil may provide.The firm, which started the year with $105 million of cash on its books, said that is held in a mix of US and New Zealand dollars with large, AA- rated banks.“Although it is...
Infrastructure
Govt throws Air NZ a $900m lifeline
The government will loan Air New Zealand up to $900 million over the next two years to keep the national carrier afloat, and may convert that debt to equity.Finance Minister Grant Robertson today said the government stepped in to ensure the national airline – of which it owns 52...
Infrastructure
Tourism Holdings cancels dividend, cuts executive pay
Tourism Holdings has cancelled its first-half dividend, slashed director and executive pay and will make its campervans available for emergency accommodation.The company said it won't pay the 10 cents per share divided due to be paid in May because of the increasing uncertainty...
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