Archive for April, 2009

MARKET CLOSE: NZ shares rise on low-rates outlook

Article – Businesswire

April 30 – New Zealand’s NZX 50 Index rounded out a 5.8% monthly gain, rising today after the central bank said it will keep its benchmark interest rate low through the second half of 2010 and shares rallied globally on more upbeat comments from …
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Freightways lifts 9-month profit

Article – Businesswire

April 30 – Freightways Ltd., whose courier and freight delivery units include New Zealand Couriers, Kiwi Express and SUB60, posted a 4% gain in nine month profit, saying its ‘resilient’ business model buffers the company from recession.
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ASB’s ERA Fees Confirmed By Commerce Commission

Press Release – ASB Bank

The Commerce Commission has completed the first phase of its investigation into the fixed rate loan break fees charged by New Zealand banks and has confirmed that ASB’s calculation based on the CCCFA methodology is reasonable and that it will not be …
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Banks Can Do Better In Passing On Low Rates

Press Release – Auckland Chamber of Commerce

Banks have a major role to play to pass on lower wholesale rates to their small business customers, and help the economy to recover.
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Speech: Flavell – Protected Disclosures Amendment

Press Release – The Maori Party

Exactly one month ago, my colleague, Rahui Katene, stood at the second reading of this Bill and spoke to the concepts of accountability, transparency, credibility as at the core of this legislation. I thought it was a pretty good place to start …
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Unemployment Benefit – Numbers Almost Double

Press Release – Lindsay Mitchell

Data just released by the Ministry of Social Development show that numbers on the unemployment benefit have nearly doubled over the last year to 37,000. “While this was largely expected the equally bad news is that every main benefit has seen an …
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Ministry of Fisheries becomes by-catch

Press Release – Green Party

The Green Party is alarmed at today’s proposed restructuring of the Ministry of Fisheries, which ignores sustainability and environmental issues that threaten the fishing industry’s future and our clean green image. “Protecting the sustainability of the fisheries …
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Still more to do on interest rates

Press Release – Manufacturers and Exporters Association

The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points this morning leaving New Zealand’s interest rates much higher than many of our international competitors. The New Zealand Manufacturers and Exporters Association …
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Freightways Trading Update

Press Release – Freightways

An update on the trading performance of Freightways Limited (‘Freightways’) for the nine months ended 31 March 2009 is provided below. These results are drawn from unaudited management accounts.
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Plan to cut 29 positions at Ministry of Fisheries

Press Release – Public Service Association

The Public Service Association is concerned about restructuring at the Ministry of Fisheries which proposes cutting 29 positions. Staff at the Ministry have been briefed about restructuring this afternoon. “The Ministry of Fisheries has a huge job to …
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Airport Commits $450m To Regional Growth

Press Release – Wellington Airport Limited

Wellington Airport announced today its plan to invest $450 million over the next 20 years to deliver a premier regional gateway for over 10 million passengers, more than double today’s numbers.
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Fatal Motorcycle Crash In Hamilton

Press Release – New Zealand Police

While Waikato Police work to establish the cause of a fatal motorcycle crash in Hamilton this afternoon the name of a Te Kuiti man killed in a smash near Pirongia on Tuesday night has been released. He was Anthony Whareroangatapara Marsh, 22, of Te Kuiti. …
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Frontline services go in fisheries job cuts

Press Release – New Zealand Labour Party

Around 30 Ministry of Fisheries staff in Nelson, Dunedin, Auckland and Napier will lose their jobs as the National Government makes further cuts to the public service, State Services spokesperson Grant Robertson says. “So far more than 1000 jobs are …
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Video: Wgtn’s massive wind farm is switched

Press Release – In-Business Magazine

IN-Business VIDEO:Wellington’s massive wind farm is switched on (29 April) http://www.youtube.com/watch?v=qfIgkGbcShI New Zealand’s most advanced wind farm named “West Wind” was switched on yesterday morning.This video shows the site and the turbines which have been constructed across …
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Ministerial staff immune from recession

Press Release – New Zealand Labour Party

National Ministers are continuing to pump up staff levels and salaries in their private offices with Government departments picking up the bill , Labour Party Internal Affairs spokesperson Chris Hipkins says. “Prime Minister John Key and his Finance Minister …
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Minister not impressed with CAA relocation costs

Press Release – New Zealand Government

Transport Minister Steven Joyce says he is “not at all impressed” with the $8.5 million cost for the Civil Aviation Authority to move from its current Petone location to a new, multi-storied building in downtown Wellington. The rental costs in the …
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New MD for Glassons

Press Release – Network PR

New MD for Glassons   Hallenstein Glasson Holdings Limited has appointed a familiar pair of hands as Managing Director of the Glassons womenswear business.
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Changes to Ministry of Fisheries proposed

Press Release – Ministry of Fisheries

Ministry of Fisheries today introduced to staff a proposal for changes to its organisational design. MFish CE Wayne McNee signalled there may be significant changes ahead for the Ministry of Fisheries. The proposed changes will help the Ministry better deliver …
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Chuan Spa opens at The Langham, Auckland

Press Release – Langham Hotels International

  The exquisite Chuan Spa at The Langham is now open and destined to become Auckland’s ultimate urban oasis while setting a new benchmark in spa excellence for New Zealand.
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Hefty bill for National/Maori Party deal

Press Release – New Zealand Labour Party

The double standards of the National Government have again been exposed following Cabinet’s decision to override a consensus for a fair approach to electorate office funding, Opposition Chief Whip Darren Hughes said today. “John Key and Bill English …
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