Engineering an area of focus for PGF
The country’s engineering sector will be receiving more support from the Provincial Growth Fund, officials told MPs yesterday.Last month, the fund committed almost $28 million to engineering firms in Southland and Otago - almost $20 million of which went to upgrade KiwiRail’s Hil...
Wind to displace diesel for Stewart Island power
Stewart Island is to receive up to $3.16 million to establish two wind turbines on the island to lower power costs and reduce greenhouse gas emissions. The Provincial Growth Fund has agreed the in-principle grant to allow Southland District Council to develop a project, includ...
NZ dollar stalled; US-China trade signals remain mixed
The New Zealand dollar remained capped by conflicting signals on the prospects for progress in the long-running trade talks between the US and China. The kiwi was trading at 64.02 US cents at 8am from 64.08 cents at 5pm. The trade-weighted index was at 70.87 from 70.94. The...
Crown seeks US$100m from Tui operator; Prospector moving on
The government is claiming US$100 million from the operator of the Tui oil field, as efforts continue to keep the field in production and stave off early decommissioning.Sixty-nine creditors of Tamarind Taranaki, which halted an in-fill drilling campaign at the offshore field in...
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