KiwiBuild spearheads $42 billion capital spending programme
By Paul McBeth Dec. 14 (BusinessDesk) - The new government will pump in $2 billion over the next three years to kick off the KiwiBuild programme targeting 100,000 affordable houses being built over the next decade. The policy is one of the new administration’s headline prog...
Labour’s 100-day plan keeps books in check, switching tax cuts for transfers
By Paul McBeth Dec. 14 (BusinessDesk) - The Labour-led government’s 100-day policy programme will keep the government’s books largely unchanged over the next four years as cancelled tax cuts cover the bulk of its family support plans. Finance Minister Grant Robertson unveil...
NZ non-bank lenders lift profit 10% in 2017, buoyed by strong car sales: KPMG
By Paul McBeth Dec. 14 (BusinessDesk) New Zealand's non-bank lenders lifted annual profits 10 percent in the 2017 financial year as demand for credit persisted, buoyed by record sales of new cars, KPMG's annual sector update shows. Eighteen of the 25 participants in the KP...
Partial listing for Napier Port mooted as way to fund wharf expansion
By Paul McBeth Dec. 13 (BusinessDesk) - Partially listing Napier Port is among the options on the table for Hawke's Bay Regional Council as it considers how it's going to pay for a $125 million expansion of the transport hub's wharf. The port operator this week declared a...
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