Budget leak: no Treasury hack, say police
By Pattrick Smellie | Wed, 29 May 2019
By Pattrick Smellie May 30 (BusinessDesk) - Police investigating a leak of sensitive Budget information have determined that the Treasury's computer system was not 'hacked'. In a rocky start to...
RBNZ used a 'net benefits framework' in devising its bank capital proposals
By Jenny Ruth | Wed, 29 May 2019
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has used a “net benefits framework” in devising its bank capital proposals, governor Adrian Orr told parliament’s finance and expenditure sele...
Hawke's Bay Regional Council to go ahead with Napier Port IPO, likely in early July
By Rebecca Howard | Wed, 29 May 2019
By Rebecca Howard May 29 (BusinessDesk) - Hawke’s Bay Regional Council said it will proceed with a public share sale of 45 percent of Napier Port and it expects the initial public offering to take...
Budget Leak: Most cyber-leaks come from internal sources, says cyber expert
By Pattrick Smellie | Wed, 29 May 2019
By Pattrick Smellie May 29 (BusinessDesk) - Most information leaks come from "malicious" or "inadvertent" releases from internal sources rather than via hacking, says Mark Shaw, a technology strate...
Fast-track urban development law introduced to Parliament
By Pattrick Smellie | Wed, 29 May 2019
By Pattrick Smellie May 29 (BusinessDesk) - The first in a two-part legislative process to create a central government body with powers to fast-track urban infrastructure and housing development in...
RBNZ says ANZ has to hold more capital against housing and farm lending
By Jenny Ruth | Tue, 28 May 2019
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has imposed new conditions of registration on ANZ Bank requiring it to hold more capital against housing and farm lending from June 30. In...
Taupo lithium resource potentially economic - GNS
By Gavin Evans | Tue, 28 May 2019
By Gavin Evans May 29 (BusinessDesk) - Lithium resources in the Taupo volcanic zone are potentially economic but may require conventional open-cast mining techniques if they are to be developed, de...
RBNZ appoints three independent experts to review bank capital proposals
By Jenny Ruth | Tue, 28 May 2019
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has appointed three external experts to independently review the analysis and advice underpinning its bank capital proposals. The three ex...
Budget leaks suggest govt to centralise mental health spending control
By Pattrick Smellie | Tue, 28 May 2019
By Ian Llewellyn for BusinessDesk May 28 (BusinessDesk) - Leaked Budget documentation indicates the government is seeking to centralise health spending control in key areas such as mental health....
Bridges claims huge Budget details leak: Treasury investigating
By Pattrick Smellie | Tue, 28 May 2019
By Pattrick Smellie May 28 (BusinessDesk) - The Treasury is investigating the leak of spending decisions relating to 18 of the government's 40 departments and agencies in what appears to be the lar...
NZ can play role in minerals-intensive shift to low-carbon - Parker
By Gavin Evans | Mon, 27 May 2019
By Gavin Evans May 28 (BusinessDesk) - The global shift to a lower carbon economy will require greater development of mineral resources and New Zealand is well-placed to show how that can be done,...
Southbase makes shareholder support public
By Jenny Ruth | Mon, 27 May 2019
By Jenny Ruth May 27 (BusinessDesk) - It’s no secret the construction industry is troubled, despite the ongoing boom. Building owners, often the government in one shape or form, have shifted more r...