Otago's economy fared poorly in the latest ANZ regional
trends quarterly economic survey, coming at the lower end of
the 12 regions of the 14 which recorded back-to-back
Political parties are rushing to begin their respective
campaigns on deepwater oil and gas exploration around New
Zealand as the latest round of offshore oil and gas block
tenders opens on May 24.
Tight space for fish exports at Timaru have prompted
two Dong Won trawlers to visit Dunedin during the past week,
discharging their cargoes before heading back to sea.
Oceana Gold has formally moved to include gold and copper
production from its newly commissioned northern Philippines
mine on its balance sheet.
in east coast South Island deep-water oil and gas basins is
again the focus of exploration.
Port Otago's 15.5% stake in Lyttelton Port of Christchurch
(LPC) has grown in value by $5.6 million in recent weeks, in
the wake of an almost 30% share spike since early April.
Dunedin-based cancer diagnostic company Pacific Edge has
added China to its growing list of countries recognising
patents on its products.
Ryman Healthcare's stellar share price during the past year
has been vindicated after it yesterday booked its 11th
consecutive after-tax profit, rising 13% from $120.7 million
to $136.7 million.
Manufacturing activity in Otago and Southland was up slightly
during April, but remained in contraction and well below the
more positive, seasonally adjusted national rating.
No decision has been made yet on whether investors who are
millions of dollars out of pocket because of former Dunedin
lawyer John Milne will club together to seek any financial
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