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Port doubles profit; $18m dividend paid to ORC

Two container ships and a bulk carrier share space in the Port Otago harbour basin. PHOTO:...

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Port doubles profit; $18m dividend paid to ORC

Port Otago has more than doubled its net profit over the past financial year despite a decline in both cruise ship numbers and container movements.

Fonterra confident it can extend double-digit payout streak

Fonterra confident it can extend double-digit payout streak

Fonterra is "confident" it can get another double-digit payout over the line after handing farmers a record $10.16 for each kilogram of milksolids produced in 2024/25.

Exploration ban lifted with faster approval process

Exploration ban lifted with faster approval process

It will also be easier for hobby miners to undertake "small-scale gold mining activity" predominantly in Otago and on the West Coast.

Treasury suggests pension age at 72, GST at 32%

Treasury's latest long-term fiscal statement outlines the pressure that an ageing population will...

Treasury suggests pension age at 72, GST at 32%

Someone is going to have to pay to keep the country's finances in order while the population ages, but who and how need to be decided soon.

Fonterra posts $1.1 billion profit

Fonterra chief executive Miles Hurrell is pleased the co-op produced a strong result for dairy...

Fonterra posts $1.1 billion profit

Dairy giant Fonterra’s profit after tax result of $1.1 billion for the financial year ending July is down 4% but its farmer shareholders have enjoyed a record payout.

North Otago’s Smith on board of Ravensdown

North Otago’s Smith on board of Ravensdown

North Otago farmer Jane Smith takes her seat around the board table of fertiliser co-operative Ravensdown at its annual meeting in Christchurch today.

Govt policies not sustainable for long-term

The Government has extended its debt hibernation scheme until October next year.

Govt policies not sustainable for long-term

The latest Treasury outlook on New Zealand's fiscal future indicates current government polices are not suitable for the long-term and change is required.

'I'm the captain': Luxon not worried by business survey

Prime Minister Christopher Luxon today defended his record of engaging with business leaders,...

'I'm the captain': Luxon not worried by business survey

A survey of 150 chief executives and business leaders have ranked the Prime Minister the 15th best minister in his Cabinet.

Breman first woman to be Reserve Bank governor

The government has named the first woman to be governor of the Reserve Bank in its 91-year history.

Employers support changes, union and opposition fears for workers

Workplace Relations Minister Brooke van Velden. Photo: RNZ

Employers support changes, union and opposition fears for workers

Employers seem to be on board with the govt proposals to replace the Holidays Act, but unions and opposition parties fear they could trample workers' rights and entitlements.

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Milford call lauded as cruise visits fall 15%

Cruise ships berthed at Port Otago. PHOTO: GREGOR RICHARDSON

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Milford call lauded as cruise visits fall 15%

Cruise ship visits are down by about 15% in Dunedin this summer and Mickey and Minnie Mouse are not going to make an appearance as tourism businesses face a hit in the pocket.

Ex-All Black's restaurant in $450k liquidation

Ex-All Black's restaurant in $450k liquidation

A company co-owned by a former All Black which ran a Canterbury restaurant has gone into liquidation owing more than $450,000 to creditors.

Luxon ranked 15th best minister in Cabinet

Prime Minister Christopher Luxon says the aim is to have one system with "maximum levels of...

Luxon ranked 15th best minister in Cabinet

Prime Minister Christopher Luxon ranks 15th in Cabinet in a survey of senior business leaders who are also casting doubt on NZ's economic performance.

Less sick leave for part-timers in sweeping law change

The Workplace Relations Minister says sweeping changes to the Holidays Act will make the system fairer.

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Microsoft funding key ingredient to finishing brewing game

Showing off their debut video game Brews & Bastards are (from left) artist Hina Macmaster and...

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Microsoft funding key ingredient to finishing brewing game

A Dunedin-made video game about alcohol called Brews & Bastards has received financial backing from Microsoft.

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Otago dips in regional economic rankings

ASB senior wealth economist Chris Tennent-Brown. Photo: Supplied

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Otago dips in regional economic rankings

Slowing construction growth and underperforming house sales have knocked Otago off its perch at the top of a regional economic ranking.

Peters concerned at easier path for skilled migrants

Deputy Prime Minister Winston Peters. Photo: Getty Images

Peters concerned at easier path for skilled migrants

Two new pathways to residence for skilled migrants will kick in from mid-2026, the govt has announced. But NZ First leader Winston Peters has "serious concerns".

Chch businesses confident economy will ‘turn corner’

Business Canterbury chief executive Leeann Watson says Canterbury businesses are bucking the...

Chch businesses confident economy will ‘turn corner’

Canterbury business owners are confident a shrinking economy will "turn the corner" over the next year unlike more gloomier expectations further north.

Hospitality worker shortage sparks calls for easier path to residency

Cafe owners have said it is difficult to secure Kiwis to work long-term in the hospitality...

Hospitality worker shortage sparks calls for easier path to residency

A popular cafe is calling on the government to provide more pathways to residency for hospitality workers, saying its currently losing them to other sectors.

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Family-run footwear factory up for sale

McKinlays Footwear co-owner Graeme McKinlay at his South Dunedin factory. PHOTO: GERARD O’BRIEN

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Family-run footwear factory up for sale

When the brothers behind a Dunedin shoe business hand over the keys to someone new, it will end five generations of family ownership.

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