Infrastructure
Arrow International liquidators find $40M of notional assets
By Jenny Ruth June 14 (BusinessDesk) - The first liquidators reports on Arrow International say the company’s main subsidiary has a notional $40 million available for unsecured creditors, not including $4.5 million in retentions held in trust. That’s after $2.4 million owed...
Provincial centres lead the way in UFB uptake
By Paul McBeth June 14 (BusinessDesk) - Provincial centres have shown the greatest willingness to adopt ultrafast broadband, with deeper penetration in the likes of Nelson, Tauranga and Hamilton than in the nation's major urban centres. The Ministry of Business Innovation ...
Manufacturing grows at slowest pace in more than six years
By Rebecca Howard June 14 (BusinessDesk) - Manufacturing activity grew at its slowest pace in more than six years last month, and barely remained in expansionary territory. The Bank of New Zealand-Business NZ performance of manufacturing index fell 2.5 points to a seasonal...
House price inflation ticked up a tad in May
By Jenny Ruth June 14 (BusinessDesk) - House price inflation edged marginally higher in May, suggesting the government’s decision in April to shelve a capital gains tax and the Reserve Bank’s decision to cut interest rates early in May have started to take effect. The lates...
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