Business news

Richard Prebble: Why I resigned from the Waitangi Tribunal
OPINION: I will not participate in turning the Treaty into a socialist manifesto.

Unions concerns over new immigration policies for RSE workers
There are close to 9000 workers in NZ under the Recognised Seasonal Employer scheme.

Holiday house hike: Group to assess impact of targeted rate
A working group to be set up to recommend improvements.

Fast-food proposal decision slowed down as council requests more info
The hearings on the Tīrau Starbucks and Burger King proposal are yet to be scheduled.

Opinion: How fixed income can ease the pressure on conservative savers
Term deposit rates have fallen from over 6% to mid-fours recently.
Business news around NZ

Media mutiny: Billionaire's battle to sack board of NZ news giant; Who is in line for top TVNZ role
Tinā smashes the box office; Tom Sainsbury's Scandal erupts - from top podcast to TV show.

Billionaire investor says he has close to 50% support for NZME board overthrow
Jim Grenon says his support is building; union takes aim at 'controversial' figure.

Link to the past: Heritage mural kept in $650m redevelopment
BJ Ball Building and Mrkusich mural identified as a Category B Historic Heritage Place.
More Rotorua business news

Skifield buyer Whakapapa Holdings potential operator for Chateau Tongariro
Whakapapa Holdings is interested in operating the currently decaying heritage building.

Millennium & Copthorne Hotels majority owner proposes full takeover
City Developments wants to buy the remaining 24% it doesn't already own.

Mark Lister: Why 2024 proved the need for global investment
OPINION: NZ investors are urged to diversify globally after local returns lagged in 2024.

'Trailblazer' on upskilling Kiwis in AI: 'We don’t have to be based in New York'
'A lot of NZ companies would love to do business outside of NZ and we are now doing that.'

Whakaari White Island tour company owes $8.5m, liquidators say
Just $53,000 in assets as liquidators work to sell what they can.

'Remarkable': Ian calls time after 47 years at Rotorua company
"If you’re loyal to them, they will be loyal to you."

This popular town's newspaper was closing. And then the editor stepped up
A newspaper has been saved, paving the way for several similar deals for other towns.

National, local companies are creditors of Rotorua housing project
The financier wants $28.2m; unsecured creditors are listed as being owed another $167,000.

Florida funder loaned $28.2m to Rotorua housing project
Liquidator expects no loss to customers.

Receivers, liquidator in charge of Rotorua's Mountview Green final stages
Receiver says 22 homes completed, not settled; 20 more in various stages of construction.

Spark's 40% plunge: What went wrong for the telecom giant?
OPINION: Spark removed from global index, share buyback questioned as debt rises.

'Great news': New jobs as big new store opens in Rotorua
The store is opening in Rotorua Central in time for people doing their Christmas shopping.

McClay: Blame me if no India trade deal this term – not Luxon
Luxon made the promise of an agreement last year.

Mark Lister: Santa rally in 2024? US stocks soar as optimism builds
OPINION: US shares rise 27% in 2024; Santa rally expected amid strong earnings.

Shelling out: How taxpayer spent $52m buying into a loss-making mussel farm
Shane Jones defends Crown investments into struggling Ōpōtiki aquaculture firm.

'It hurts a lot': Locals react to potential closure of iconic pie business
"It's part of our life here."

Students 'in tears': Proposal to axe 'invaluable' apprenticeship
The Waipā campus in Rotorua is 'the only facility of its kind in the Southern Hemisphere'.

Opinion: Beware, not all mortgage rate drops will follow OCR cuts
OPINION: Mark Lister warns: 'Not all rates will fall equally' despite recent OCR cuts.