Treasury ready to advise on privatisation options
Treasury is sitting on advice to the government about options for selling state assets, and is just waiting to be asked to produce it.
Treasury is sitting on advice to the government about options for selling state assets, and is just waiting to be asked to produce it.
The Labour Party's finance spokesman, David Cunliffe, raised some eyebrows last Thursday
The Labour Party has signalled a willingness to allow private capital into state-owned enterprises - at the subsidiary level.
Kiwibank has cut its 2 year fixed mortgage rate to 6.59pc, to try and spice up housing demand.
New Kiwibank head Paul Brock is urging potential first home buyers not to be spooked and to go out and buy, so long as they can afford to.
Kiwibank's new chief executive Paul Brock wants to see the banking industry emulate its telecommunications counterpart and introduce bank account number portability.
Only seven companies - including the three "Heartland Bank" merger partners - have signed up for the Crown's extended retail deposit guarantee scheme.
Kiwibank accounted for 40 per cent of new residential mortgages written by the major banks in the June quarter.
APN News & Media, publisher of nzherald.co.nz, is today launching a nation-wide appeal for Christchurch earthquake victims.
The Government has underwritten Kiwibank's growth plans by providing its parent NZ Post with a backup funding facility it can draw on in emergencies.
Kiwibank has undercharged for too long and is reaping the fruits of not being profitable enough, Ralph Norris says.
Mediaworks wants to put TV and radio news operations under one roof.
Kiwibank had slowing growth and shrinking margins in the March quarter, says KPMG.
Kiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10 per cent of income.
Kiwibank has launched its own KiwiSaver scheme, promising better disclosure of fees and more direct control by investors.