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Business

New independent directors for Council CCOs

New independent directors have been appointed to the boards of Hutt City Council-Controlled-Organisations (CCOs) Seaview Marina Limited and Urban Plus Limited.

Upside Biotechnologies raises $2.3m in Series A funding

Regenerative medicine start-up, Upside Biotechnologies, has successfully raised NZ$2.3m in its Series A funding round.

The New Zealand-based company is developing an advanced, world-class skin replacement treatment for patients suffering major burns.

Cultural tourism in Te Tairāwhiti

"Cultural tourism, apiary development, drivers licensing and whānau enterprise are some of the initiatives supported through the regional investment focus of Te Puni Kōkiri Ikaroa-Rāwhiti office", says Regional Manager Mere Pohatu, "and while rural production and the commercial services

Promise and pitfalls of machine learning in advertising outlined

Machine Learning is revolutionising advertising. However, businesses need to make sure that machine based optimisation drives growth, and not efficiency at the expense of diminishing revenue.

Apprenticeship scheme tackles skills shortage

An apprenticeship programme in the Waikato District is playing its part to address the skills shortage in the New Zealand roading industry following the graduation of its first intake last month.

Opinion: The drawing power of imperfection

By: Darren Tan, Aurecon

Changes to postal rates

The cost of sending a medium sized letter within New Zealand by FastPost will increase 50 cents from $1.80 to $2.30, from 1 July 2017. New Zealand Post is making this change, along with increases for other products following its annual price review.

Labour productivity falls on high input growth

Labour productivity fell 0.7 percent in the year ended March 2016, StatsNZ said today. Labour inputs for the measured sector increased 3.3 percent, the largest increase since the beginning of the series (1996).

Construction firms have high proportion of hard-to-fill vacancies

Almost 80 percent of businesses in the construction industry reported vacancies in 2016, with 58 percent of these reporting that they had hard-to-fill vacancies, Stats NZ said today. This means that of the approximately 4,600 construction businesses represented, around 3,600 had vacancies.

Fonterra's interim results encouraging, in line with expectations

Fonterra Shareholders’ Council Chairman, Duncan Coull, said today’s interim results announcement was an encouraging one which was in line with the expectations of the Council and Fonterra Farmers.

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