Policy
Explore the latest government news by BusinessDesk.
Infrastructure
OMV confirms COSL Prospector for GSB drilling
By Gavin Evans July 5 (BusinessDesk) - OMV has confirmed its selection of the COSL Prospector to drill in the Great South Basin this summer. The firm has contracted the four-year-old harsh environment rig for only one well off the South Island – the Tawhaki-1 well, about 14...
Finance
Tougher bank capital rules could slice 10% from dairy profits - Rabo NZ
By Rebecca Howard July 5 (BusinessDesk) - Stricter bank capital requirements would severely dent dairy farm profits if the Reserve Bank goes ahead as planned, warn dairy interests in submissions on the contentious proposals. “Our initial estimates are that the proposals co...
Economy
Re-opening Stratford-Okahukura line priority for KiwiRail CEO
By Gavin Evans July 4 (BusinessDesk) - A $40 million project to reopen the mothballed Stratford to Okahukura rail line is a priority for new KiwiRail chief executive Greg Miller. The line, shut since a derailment in 2009, is the only alternative north-south rail link should...
Finance
Robertson calls for maturity in bank capital debate
By Pattrick Smellie July 3 (BusinessDesk) - Finance Minister Grant Robertson has waded into the Reserve Bank's contentious bank capital proposals to remind "all parties" that they are still being consulted on in a process that requires "mature debate". "I am calling on all...
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