Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Emergency meeting of CEOs & Govt on earthquake response

Media release


Emergency meeting of CEOs & Govt on earthquake response

CEOs of 50 leading New Zealand companies have developed a Steering Group to co-ordinate private sector support for Christchurch following this week's devastating earthquake.

The members of BusinessNZ's Major Companies Group CEO Forum were briefed by Prime Minister John Key, Finance Minister Bill English and Earthquake Recovery Minister Gerry Brownlee at a meeting in Auckland yesterday afternoon.

The Forum identified a number of key areas where major companies could provide additional help to the city, including water, housing, infrastructure, health services, telecommunications and financial services.

Each area will be led by a CEO with specialist knowledge to develop action plans in consultation with Civil Defence and the Government.

Following that, the Steering Group will liaise with government agencies and co-ordinate private sector assistance in Christchurch to maximise the wealth of expertise and resources within New Zealand's leading companies.

Forum convenor, BusinessNZ CEO Phil O'Reilly, said there was overwhelming willingness from the business community to help Christchurch through this crisis and beyond as it rebuilds.

Forum chairman, Fonterra CEO Andrew Ferrier, said there was 100% commitment to the future of Christchurch.

"Everyone around the table was absolutely committed to helping Christchurch through this terrible tragedy and to get back on its feet again.

"We heard that many of New Zealand's companies are already doing a lot to help Christchurch and clearly there is a lot of experience we can draw on," Mr Ferrier said.

The Steering Group, chaired by Mr Ferrier and working with the co-ordination of BusinessNZ, will develop an agreed set of action plans for each priority area in the near term.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news