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NZ seeks all-of-government banking proposals in first contract shakeup since 2004
June 20 (BusinessDesk) - The New Zealand government is seeking proposals to handle all the state sector’s banking needs, replacing a core transactional services contract held by Westpac Banking Corp since 2004. A discussion paper from the Ministry of Business, Innovation and Em...

NZ regulators to start anti-money laundering monitoring from this month
By Tina Morrison June 20 (BusinessDesk) – New Zealand regulators will this month start monitoring financial institutions to stamp out money laundering that could be worth up to $1.5 billion. As part of a new anti-money laundering regulatory regime starting June 30, the Reserve...

Solid Energy leaves Mataura briquette plant operations with GTL Energy
By Paul McBeth June 20 (BusinessDesk) - Solid Energy is handing over operations at its $29 million lignite briquette production plant in Mataura to GTL Energy as the financially stricken state-owned coal miner looks to exit the investment. The two companies have been in discus...