The Maori Party has forced Communications and Information
Technology Minister Steven Joyce to back down on a proposed
regulatory holiday for ultra-fast broadband (UFB) prices,
to climb in popularity as changes to the scheme containing
the retirement savings of 1.7 million New Zealanders become
The Government will receive a $521 million special dividend
from Meridian Energy thanks to Genesis Energy borrowing money
from its bankers to help pay for Meridian's Tekapo assets.
Unlisted energy retailers appear to be benefiting from
consumers looking for the best-value electricity prices as
times remain tough for households.
The school holidays and Easter helped boost Otago-Southland
retailers' activity in April, the latest BNZ-Business New
Zealand performance in services index shows.
Excuse me for thinking the world of technology has gone
slightly crazy in the past week or two.
The Government will on
Thursday announce changes in the Budget for the hugely
popular KiwiSaver scheme, with Deloitte Dunedin tax partner
Peter Truman not ruling out the introduction of compulsory
Electricity retailer and generator TrustPower yesterday
reported a slightly improved operating profit for the year
ended March, with the only minor surprise being a
1c-per-share bigger dividend.
Microsoft NZ national technology officer Mark
Rees said a new security intelligence report highlighted a
polarisation in terms of cyber-criminal behaviour.
Restocking of damaged Christchurch houses and businesses
helped The Warehouse report improved sales for the three
months ended May 1.
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