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Origin Pacific Statement |
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Origin Pacific Statement
Origin Pacific’s Creditors Compromise proposal has been adopted overwhelmingly, both in value and number and official statistics will be released early next week.
The Company thanks all it’s stakeholders, customers and staff for their support and assistance through this difficult period and the Airline will now focus on ensuring air service competition in regional New Zealand continues.
Robert M Inglis MANAGING
DIRECTOR
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Sky City : Auckland Convention Centre Cost Jumps By A Fifth
SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
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RMTU: Mediation Between Lyttelton Port And Union Fails
The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>
Science Policy: Callaghan, NSC Funding Knocked In Submissions
Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>
Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable
Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>
Statistics: Current Account Deficit Widens
New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>
Still In The Red: NZ Govt Shunts Out Surplus To 2016
The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>
Job Insecurity: Time For Jobs That Count In The Meat Industry
“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>
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