US Shutdown Agreement is Good News for NZ, says John Key
Submitted by Ajay Saxena on Thu, 10/17/2013 - 12:55
According to a latest report, Prime Minister John Key says that America's transitory solution to its fiscal deadlock is good news for New Zealand which exported a lot to the United States.
The US politicians approved to extend the US Government's debt ceiling to February 7. They also agreed to reopen the government until January 15. On the other hand, the Senate is expected to officially grant the contract tonight.
Reserve Bank’s Fear Rejected by Prime Minister
Submitted by Ajay Saxena on Tue, 10/15/2013 - 12:40
As per a new report, the Prime Minister has rejected the fear of Reserve Bank's that the government's targets on building the houses might be too deterministic for Auckland and Christchurch.
John Key feels confident that the government's policies will ensure the targets of increase in housing supply in both the cities.
Clarification Sought on Chorus Before Market Opens
Submitted by Kunal Garg on Sat, 10/12/2013 - 12:59
As per the views of the stock exchange operator, the NZX's position has been misinterpreted by the group, which is against the government's interference in the copper internet market.
The listed lines company Chorus has been warned earlier by the John Key, Prime Minister. He warned the companies that were handling about 70% of the roll-out of the Government's ultra-fast broadband network.
Asset Sales Programme may Struggle to reach $5 Billion: John Key
Submitted by Jitendra Tiwari on Mon, 09/16/2013 - 12:59
Prime Minister John Key has said that its asset sales programme seems to just raise $5billion. The asset sales programme was estimated to raise somewhere between $5 billion and $7 billion, which could be funded for public infrastructure.
However, it now appears to reach the lowest limit only.
Government Departments to Cut Short Leases to return to Christchurch CBD in 2016
Submitted by Ajay Saxena on Tue, 09/10/2013 - 09:25
It has been revealed that up to 20 government departments will cut short leases for temporary accommodation in a bid to return to the Christchurch central business district in 2016. The leases were taken after the 2010 and 2011 earthquakes.
IPO for Meridian Energy to Begin in November
Submitted by Kunal Garg on Tue, 08/20/2013 - 09:53
The first IPO of Meridian Energy Ltd, a state-owned power generator, will take place in the November. As much as 49% stake of the company worth 6.5 billion NZ dollar will be sold out.
Earlier this year, the government had sold the minority stake of Mighty River Power Ltd. and Z Energy. The government raised NZ$1.7 billion and NZ$840 million through the sale of stake in these two companies, respectively.
