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In Today's Independent Financial Review

In Today's Independent Financial Review
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http://www.theindependent.co.nz/index.html

Kiwi dollar slump hits wind farm plans

The slide in the New Zealand dollar and a host of other problems are threatening to derail plans for up to 1000 megawatts worth of new wind farms. The cost of the foreign built wind turbines needed for the farms has skyrocketed, making some of the projects uneconomic. This would be a major blow to the government's hopes to build renewable energy and would scupper a key source of new power generation as New Zealand grapples with the exhaustion of Maui gas and growth in power demand. Nick Stride reports.

Probe launched into tendering for Parliamentary security

An investigation has been launched into the tendering practices for a major part of the upgraded Parliamentary security systems. The probe comes days after the provider of backup services for scanners and cameras walked off the job, angry about the tendering process. Tim Donoghue reports.

Business Tax Review special

This week we detail the reaction to the government's Business Tax Review document and preview National's response. Jenni McManus analyses the document and finds the government overpromised and underdelivered. Ernst & Young's Jo Doolan looks inside the package and argues we should have the lot rather than be forced to pick and choose from a smorgasbord. In our editorial we argue the government should show some real leadership and show its socialist colours with a compulsory superannuation scheme funded from personal and corporate tax cuts. It should also impose a capital gains tax on residential property investment.

Shareholders lacerate Aquiline

Owners of the struggling Hawkes Bay investment company Aquiline attacked its board at a private meeting last month, calling for the resignation of former Air New Zealand boss Jim Scott, who founded the company. Denise McNabb has uncovered the contents of an address to the meeting by an angry shareholder, who sees little future for the company while Aquiline's bankers gut the company to pay off debts.

ENDS


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Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

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Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

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I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

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Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

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Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

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