Government mulls insuring electricity investors against fossil fuel political U-turn
Crown indemnity could drive new investment in thermal electricity, mitigate political risk Source: NZ Herald Business News
IRD callers mistaken for scammers in $2m campaign to push new security measure
Only 18% of people reached by IRD’s calls adopted the two-step verification promoted. Source: NZ Herald Business News
Veteran miner Robert Brand targets NZX listing for Taiko Critical Minerals and plans to raise $80m from investors
Robert Brand hopes to raise $80m for West Coast sand mine, including taxpayer-backed debt. Source: NZ Herald Business News
Small business Covid loan defaults soar, $65m already written off by IRD
Nearly $450m of the scheme’s loans are in default, with more write-offs likely. Source: NZ Herald Business News
$2500 a day: Dunedin hospital Crown manager’s fee more than doubles from previous roles
Evan Davies has been appointed Crown manager for the New Dunedin Hospital build. Source: NZ Herald Business News
Trade Me marketplace hit with $138m write-down as revenue slides further
Parent company Titan Parent swung to a $113m net loss from a $9m profit. Source: NZ Herald Business News
Reserve Bank defends $850k Wellington to Auckland staff travel spend
The bank's costs for between-office travel in the age of Zoom has been labelled 'waste'. Source: NZ Herald Business News
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
Experts warn the rising defaults could fuel more company liquidations. Source: NZ Herald Business News
Mining royalty review: Grandfathered permits costing Crown hundreds of millions of dollars
Nearly half of new mining permits since 2013 still use 1996 royalty rates. Source: NZ Herald Business News
The quiet gold rush testing New Zealand’s appetite for mining wealth
Gold prices have surged past $7000 an ounce, driving new mine projects. Source: NZ Herald Business News