BUSINESS - MSC NewsWire

Rubbish is mounting at small landfills across the country

A lack of recycling facilities means NZ must continue to send plastics and other recyclables overseas and rubbish is mounting at small landfills across the country after China stopped accepting New Zealanders' plastic in January writes Madison Reidy for Stuff.

Source/ReadMore Stuff

Union membership decreasing as workers retire

Union membership on the decline says Unite Union national secretary Gerard Hehir partly caused by those retiring not being replaced by young new members fast enough writes Anuja Nadkarni for Stuff.

Source/ReadMore Stuff

DB pays $30.5M for Tuatara in year of small sales growth, flat margins

DB Breweries paid $30.5 million for Kapiti boutique beer maker Tuatara Brewing Co last year as the country's major liquor companies beef up their craft beer credibility to reach consumers with a taste for high-end brews

Source/ReadMore Sharechat

No quick fix to impact of China's waste ban that has sucked the profits out of recycling, operators say

Waste Management NZ, the nation's biggest such company, says there isn't a quick fix for the impact of Chinese restrictions on waste imports after the government announced a task force to respond to a move that operators say has sucked the profits out of . . .

Source/ReadMore Sharechat

The dismantling of the nine-to-five work week in NZ

Minnie Baragwanath didn't come to understand the value of a flexible working environment by reading about it. For her, the issue has always been personal.

Source/ReadMore NZHerald

Fletcher's Laminex exits 10-year investment in Southland MDF plant with sale to Daiken

Fletcher Building's Laminex NZ unit has exited a 10-year investment in a Southland medium density fibreboard plant with Tokyo Stock Exchange-listed Daiken getting clearance to buy the 124ha site at Mataura, Southland

Source/ReadMore Sharechat

New Zealand's 'solid' economic growth seen continuing as investment picks up, OECD says

New Zealand's economic growth is set to continue to beat the average of the 35 member countries of the Organisation for Economic Cooperative and Development, as activity shifts away from consumption and towards investment

Source/ReadMore Sharechat

Govt’s Small Business roadshows kick off around the country

Small Business Minister Stuart Nash has encouraged Wellington businesses to take advantage of new government initiatives, especially in the digital space, to make their jobs easier and free them up to focus on their products and services.

Source BizEDGE

Wanganui Coldstorage has been bought by international petfood processing company BHJ.

Wanganui Coldstorage staff are being offered ongoing employment after Hall's Group announced it has sold the company to an international petfood company reports the Wanganui Chronicle.

Source/ReadMore Wanganui Chronicle

Banking culture in the spotlight

New Zealand’s financial system remains sound. The banking system holds sufficient capital and liquidity buffers, guided by our prudential regulatory requirements. These buffers reduce New Zealand banks’ exposure to adverse shocks.

Source RBNZ

Steel & Tube won't pay final dividend, may need equity raising, Craigs says

Steel & Tube Holdings is unlikely to pay a final dividend this financial year and may have to raise equity as its earnings and debt come under pressure, according to research house Craigs Investment Partners