Wednesday, May 23, 2012
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Students Mashup business plans

Students interested in the business world are having their skills and knowledge tested as they take part in the two day Mashup competiton. The event, which is being held at the Bongard Centre at the Bay of Plenty Polytechnic, began today with the 12 teams receiving an information pack, which included a list of business scenarios based around the main...

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Immune system stimuli identified

Comvita, the New Zealand-based global exporter of natural health and beauty products, and collaborators, have identified key compounds in honey that stimulate the immune system, paving the way for a range of new wound-healing products. The ground-breaking research, carried out at Industrial Research Ltd (IRL), Plant & Food Research and Massey University,...

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Power company’s profit falls

The power company expected to be the first partially sold by the government is reporting a sharp profit fall. For the six months to December 31, Mighty River Power recorded a net profit of $17.6million – down 81 per cent when compared with the same period in 2010. Mighty River attributes the fall to non-cash value movements in its derivative...

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Rotorua CBD to get economic boost

The Rotorua CBD is about to get a significant boost with news of a 36 room Quest Serviced Apartments block to be developed in the city centre. The vacant, four level building has been bought by R&B Consultants, who will develop the Quest serviced apartments. Artist’s impression of the apartments. The building is located opposite the old Post Office...

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Dollar strong against the US

The New Zealand dollar is at a three week high against the US dollar. It is trading at US82.87cents, up from an overnight price of US82.59cents. This strength is believed to be owing to a suggestion made by a US Federal Reserve official who suggested the American economic recovery is becoming ‘more established’.  

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Affco planning Easter lock-out

Affco is planning to lock out all workers during the Easter break who take industrial action from now until April 19. In a letter from Affco management, owner Talley’s is threatening to lock out all workers who take part in strike action, depriving workers of pay for the two statutory holidays on Good Friday and Easter Monday. Protestors outside...

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Gold miners seek public support

Newmont Waihi Gold has announced a policy worth millions of dollars to maintain property values and improve community amenities in Waihi. This policy announcement comes at a time when Newmont Waihi Gold is about to seek resource consent to build a deep underground mine beneath the Waihi township. Waihi. If continued mining activity is approved, Newmont...

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Port signs up recruiters

Ports of Auckland has signed contracts with Drake New Zealand and AWF Group following its decision to introduce competitive stevedoring at its Fergusson and Bledisloe Container Terminal operations. Ports of Auckland CEO Tony Gibson says the company welcomes AWF & Drake as partners for Ports of Auckland. “We’ve set high and very clear...

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New building for bank

The Tauranga BNZ Partners business centre’s new building is now fully operational on the corner of 13th Avenue and Cameron Road. The building move is part of 31 BNZ business centres being rolled out over the country. The new building. BNZ Partners Bay of Plenty managing partner Neville Whitworth says the two storey building houses the retail store...

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Ports of Auckland is a giant CCO

Conflicting claims about who can and cannot say what happens between the Auckland City Council and the Ports of Auckland Ltd can be explained for Tauranga ratepayers by calling PoAL a giant CCO. PoAL is just like the Tauranga City Council CCOs; Tauranga City Aquatics Ltd and Tauranga City Venues Ltd. And similarly, the Ports of Auckland Ltd is owned...

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