Latest State Owned Enterprises Headlines

OAG puts Govt on notice re Solid Energy

Fri, 24 May 2013 16:49:51 +1200 | New Zealand Labour Party

The Auditor General has said she wants to see ‘accountability to both Parliament and the public’ on the circumstances surrounding Solid Energy’s near-failure, says Labour’s SOEs spokesperson Clayton Cosgrove. More >>

Up A Mighty River Without A Paddle?

Fri, 24 May 2013 16:28:03 +1200 | Aotearoa Workers Solidarity Movement

During the last election the centre-right National Party lead by multi-millionaire John Key, said it would partly privatise certain state assets if re-elected. Its main losing rival was the Labour Party, at the time lead by the uncharismatic Phil ...More >>

Decision on Solid Energy management inquiry

Fri, 24 May 2013 16:16:03 +1200 | Controller and Auditor-General

“I have given considerable thought to requests that I carry out an inquiry into the management, governance, and oversight of Solid Energy Limited. My staff have visited both the Treasury and Solid Energy to obtain enough information for me to ...More >>

ACC contacting clients over possible interest payments

Fri, 24 May 2013 15:15:54 +1200 | Accident Compensation Corporation

ACC has begun contacting clients who may benefit from a recent Court of Appeal decision that clarified circumstances in which interest should be paid on back-dated weekly compensation.More >>

Kapiti Speaker’s Corner

Fri, 24 May 2013 14:52:46 +1200 | Kapiti Speakers' Corner

Kapiti Speaker’s Corner will see a mid-day feast for yuh ears (if you can feast on things with your ears) of politics and poetry on Saturday 25 May at 12:00. Turn up and you’ll get a laugh and hear stimulating discussion, and have your say – ...More >>

'Mum and dad’ investors myth busted

Fri, 24 May 2013 08:41:23 +1200 | Green Party

Green Party research, confirmed by Treasury, shows that half of the shares in Mighty River Power that National sold to retail investors went to just 13,000 people and that 10 percent of the retail shares went to just 400 wealthy people and organisations, ...More >>

Wellington City Council kick-starts airport extension

Thu, 23 May 2013 15:17:14 +1200 | Wellington City Council

Mayor Celia Wade-Brown said today that a runway extension is crucial to attracting long-haul international flights to the Capital City and will grow the economy of the lower North Island.More >>

Air NZ: improved check-in with new Melbourne kiosk service

Thu, 23 May 2013 14:57:06 +1200 | Air New Zealand

Air New Zealand customers travelling trans-Tasman and Pacific Island routes have flocked to use the new check-in kiosks introduced this week at Melbourne Airport. More >>

Consultation Begins On Mining Safety Regulations

Thu, 23 May 2013 12:13:02 +1200 | New Zealand Government

The Government has further progressed the Pike River Implementation Plan with the release of a discussion document on a new regulatory regime for the mining sector. More >>

NZ Post sees no impact on debt on issue from S&P warning

Wed, 22 May 2013 11:39:41 +1200 | Businesswire

NZ Post sees no impact on debt on issue from S&P lowering rating outlook More >>

Standard & Poor’s Affirms Rating – Changes Outlook

Wed, 22 May 2013 09:01:45 +1200 | New Zealand Post

Standard & Poor’s Ratings Services has affirmed the corporate credit and related debt rating for New Zealand Post Ltd at ‘A+/A-1’ but revised the long-term outlook from stable to negative. More >>

Solid Energy based failed strategy on non-existent analysis

Tue, 21 May 2013 17:36:44 +1200 | BusinessDesk

May 21 (BusinessDesk) - The ambitious growth strategy that has imperilled Solid Energy was developed on a far more optimistic outlook for oil and coal prices than its industry peers, but it had no analysis to back those views, Treasury papers released today ...More >>

Release of Solid Energy Information from Treasury

Tue, 21 May 2013 13:35:36 +1200 | New Zealand Treasury

The Treasury has released material, mainly comprising advice to Ministers, relating to the monitoring of Solid Energy, a State-owned enterprise (SOE). The material released here was prepared by the Crown Company Monitoring Advisory Unit (CCMAU) and the Treasury ...More >>

MightyRiverPower shares dip below $2.50 offer price

Mon, 20 May 2013 16:27:09 +1200 | BusinessDesk

May 20 (BusinessDesk) - Shares in MightyRiverPower, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. More >>

Legal Tender Coins to Mark 2013

Mon, 20 May 2013 13:00:30 +1200 | NZ Post

New Zealand Post has released the 2013 edition in its ongoing series of currency coin sets – with each denomination of legal tender coin being produced annually. More >>

Mayor Allan Sanson’s Message – May 2013

Fri, 17 May 2013 14:36:50 +1200 | Waikato District Mayor

It’s been a busy time here at council, as we move to finalise the Long Term Plan (LTP) Year Two 2013-14, that was formally known as the Annual Plan. Council staff and myself have been out and around the district over the past few weeks, discussing ...More >>

Gordon Campbell on the 2013 Budget

Fri, 17 May 2013 10:33:29 +1200 | Gordon Campbell

The Budget lockup retains a symbolic value these days, but little more than that. This is the government’s best annual opportunity to bury its usual screw-ups and regale the public with power-pointed examples of its vision, shrewd thrift and judicious ...More >>