Politics
Policy
Watercare inks $2.4b 10-year contract with Fulton Hogan, Fletcher Construction
By Jenny Ruth Sept. 27 (BusinessDesk) - Auckland Council-owned Watercare has signed a $2.4 billion contract with Fulton Hogan and Fletcher Building's construction arm to provide water and wastewater infrastructure in Auckland for the next 10 years. The long-term and collabo...
Finance
Tony Alexander bows out as BNZ chief economist
By Jenny Ruth Sept. 27 (BusinessDesk) - Bank of New Zealand's chief economist Tony Alexander has resigned after nearly 25 years in the role. "After 26-and-a-half years, with almost 25 years as chief economist, and having achieved many of those goals I set out at the start,...
Finance
RBNZ gauging extent of banks 'front-loading' on capital proposals
By Paul McBeth Sept. 26 (BusinessDesk) - Reserve Bank governor Adrian Orr says rural borrowers are facing higher lending costs despite interest rate cuts over the past year and that the regulator is gauging whether banks are bolstering their balance sheets in advance of toughe...
Economy
Full of potential, poorly harnessed: MBIE on NZ's research, science & innovation
By Paul McBeth Sept. 26 (BusinessDesk) - The inability of New Zealand's research, science and innovation sector to coordinate its efforts at home and abroad is the biggest challenge to lifting its performance, government officials say. The Ministry of Business, Innovation...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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