Top Energy's geothermal expansion to cut lines charges
By Gavin Evans March 22 (BusinessDesk) - Lines company Top Energy says a $300 million expansion of its geothermal development at Ngawha will fundamentally change the shape of its business and enable it to slash electricity costs for the region’s 64,000 residents. The firm i...
Agria, Lai fined $220,000 for good character breaches
By Jenny Ruth March 21 (BusinessDesk) - PGG Wrightson’s largest shareholder Alan Lai and his company Agria have been fined $220,000 and ordered to pay another $30,000 in costs by the High Court for breaching good character conditions imposed by the Overseas Investment Office....
Moderate GDP growth unlikely to worry RBNZ, economists say
By Rebecca Howard March 21 (BusinessDesk) - New Zealand’s economy grew less than the central bank expected in the fourth quarter but economists don't expect the data to spur any change in the Reserve Bank's message at next week's policy review. Gross domestic product expan...
Pan Pac cleared over handling of outfall leak
By Gavin Evans March 20 (BusinessDesk) - Pan Pac Forest Products has been cleared over its handling of damage to its wastewater outfall off the coast north of Napier. The company has spent six months trying to repair the 2.4 kilometre outfall, which began leaking near the s...
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