Exploration ban may cut GDP by $38 billion - NZIER
By Gavin Evans Feb. 19 (BusinessDesk) - The government’s ban on new offshore exploration will reduce the country’s GDP by between $15 billion and $38 billion, raise prices and reduce investment during the next 30 years, the New Zealand Institute of Economic Research estimates....
OMV eyes Asia's growing gas demand
By Gavin Evans Feb. 19 (BusinessDesk) - Multi-national OMV is reorganising its regional activities to better meet increasing energy demand in South-East Asia, which may spin out an export opportunity for New Zealand. New Zealand’s biggest oil and gas producer, which has op...
Hallenstein seeks new CEO; shares fall
By Gavin Evans Feb. 19 (BusinessDesk) - Clothing retailer Hallenstein Glasson Holdings is seeking a group chief executive for the second time in two years. Mark Goddard, who joined the firm in April 2017, resigned yesterday in order to spend more time with his family. He pr...
Guest night growth slows; overseas visitors spent less time in North Island
By Gavin Evans Feb. 18 (BusinessDesk) - Growth in tourist accommodation slowed in December as international guests spent fewer nights in the North Island, according to Stats NZ. Total guest nights rose to almost 4.2 million that month, 1.4 percent more than a year earlier....
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