Latest State Owned Enterprises Headlines

Budget 2017 – On a roll: Roads and rail the big winners

Thu, 25 May 2017 14:19:10 +1200 | PwC

Budget 2017 – On a roll: Roads and rail the big winners from increased infrastructure spending More >>

$548m for rail around New Zealand

Thu, 25 May 2017 14:11:53 +1200 | New Zealand Government

Budget 2017 will invest $548 million of new capital funding to maintain and upgrade New Zealand’s rail network, supporting freight movement, exporters, tourism and public transport, Transport Minister Simon Bridges says. $450 million of that funding ...More >>

$4b in new capital investment in Budget 2017

Thu, 25 May 2017 14:08:24 +1200 | New Zealand Government

The Government is allocating $4 billion in new capital spending as part of Budget 2017 as it builds the infrastructure for a growing economy, Finance Minister Steven Joyce says. “This $4 billion investment is the single biggest investment of new ...More >>

Books ‘Cooked’ on Electric Trains Despite Denial

Sat, 20 May 2017 12:21:56 +1200 | New Zealand First Party

New Zealand First believes KiwiRail “cooked the books” to get rid of electric trains on part of the North Island main trunk line. “They manipulated information for presentation to Ministers to favour Chinese diesel trains, but claim they did ...More >>

Infratil Results for year ended 31 March 2017

Thu, 18 May 2017 11:13:28 +1200 | Infratil

Infratil's consolidated underlying EBITDAF from continuing operations was $519.5 million up 12.4% from the $462.1 million reported in 2016. Net parent surplus was $66.1 million compared to $438.3 million in the prior period which benefited from ...More >>

KiwiRail purchases Kaitaki

Wed, 17 May 2017 22:00:31 +1200 | KiwiRail

KiwiRail purchases Kaitaki KiwiRail has moved to secure the future of the Cook Strait link by purchasing the Interislander ferry Kaitaki, the largest domestic passenger ferry operating in New Zealand. The ship had previously been leased. “The Interislander ...More >>

Paul McGilvary Joins the AsureQuailty Board of Directors

Thu, 11 May 2017 16:07:48 +1200 | AsureQuality

AsureQuality is pleased to announce the appointment of Paul McGilvary to its Board of Directors, commencing 1 May 2017. More >>

Highest ever percentage of women on state sector boards

Mon, 8 May 2017 11:27:42 +1200 | New Zealand Government

Women’s Minister Paula Bennett has today announced that the Government has reached its target of appointing 45 per cent of women to state sector boards and committees, the highest percentage ever. “The government set this target in 2011 and now we’ve ...More >>

The Nation: Lisa Owen interviews Winston Peters

Sat, 6 May 2017 14:57:09 +1200 | The Nation

On The Nation: Lisa Owen interviews Winston Peters Headlines: New Zealand First leader Winston Peters says in government he would fire the board of Solid Energy if they would not agree to go into the Pike River Mine to retrieve the bodies of ...More >>

Photo Proves Safe Re-Entry Possible into Pike River Tunnel

Thu, 4 May 2017 17:36:54 +1200 | New Zealand First Party

The Minister for the Environment Nick Smith maintains it is not safe for workers to be more than a few metres inside the Pike River mine entry tunnel, but this has already occurred.More >>

Statement Re Pike River Mine Video Footage

Mon, 1 May 2017 15:50:44 +1200 | Solid Energy NZ

Solid Energy confirms that the video footage of Mines Rescue workers setting up a robot in the Pike River drift and the robot travelling 1570 metres up the drift was taken into account by the company’s experts as part of the risk assessment for ...More >>

Minister appoints two new Electricity Authority members

Tue, 18 Apr 2017 17:34:48 +1200 | BusinessDesk

Energy Minister Judith Collins has appointed two new members to the Electricity Authority, both with extensive knowledge of the Australian electricity system and one a pioneer of New Zealand's wholesale electricity markets in the 1990s.More >>

Auditor-General's Draft annual plan 2017/18 published

Tue, 11 Apr 2017 15:02:42 +1200 | Office of the Auditor-General

he Auditor-General’s Draft annual plan 2017/18 was presented to the House of Representatives today. More >>

Library restructure brings disruption and innovation

Mon, 10 Apr 2017 13:58:37 +1200 | Public Service Association

The restructuring of Auckland’s libraries will lead to substantial disruption for staff - and a challenge to maintain existing services, the PSA says. More >>

NZ Post, Super Fund, ACC to pour $247 million into Kiwibank

Fri, 7 Apr 2017 18:36:53 +1200 | BusinessDesk

April 7 (BusinessDesk) - Kiwibank shareholders New Zealand Post, the New Zealand Superannuation Fund and Accident Compensation Corp will pour in a collective $247 million to make sure the state-owned bank's capital stays within the regulator's ...More >>

Ranges Ratepayers Demand Watercare Plant Review

Thu, 6 Apr 2017 10:07:05 +1200 | Waitakere Ranges Combined Residents and Ratepayers

Community groups throughout the environmentally sensitive Waitakere Ranges are outraged that Watercare Services, a Council Controlled Organisation (CCO), is failing to properly consult with its communities or consider the social or environmental impact of its ...More >>

McClay put the kaibosh on Landcorp name change plan

Fri, 31 Mar 2017 16:15:40 +1300 | BusinessDesk

March 31 (BusinessDesk) - Government-owned farmer Landcorp was rebuffed by State-Owned Enterprises Minister Todd McClay from changing its name to align its business with its new 'Pamu' brand, amid claims it was "a waste of time and money", according to ...More >>

Landcorp Farming posts 1H operating loss

Wed, 15 Mar 2017 16:13:33 +1300 | BusinessDesk

March 15 (BusinessDesk) - Landcorp Farming, the state-owned farmer, posted an operating loss in the first half of its financial year but said higher milk prices mean it expects to be back in the black for the full year.More >>

EQC claim information following North Island floods

Mon, 13 Mar 2017 17:01:30 +1300 | Earthquake Commission

The Earthquake Commission is advising homeowners whose properties suffered damage from landslips or flooding, during the recent storms, that they have three months to lodge a claim. More >>

Half Year Result to 31 December 2016

Tue, 7 Mar 2017 15:51:44 +1300 | Dunedin City Holdings

Dunedin (Tuesday, 7 March 2017) – Dunedin City Holdings Limited has reported a surplus after tax of $4.9 million for the six months to December 2016, in line with budget. More >>