BUSINESS - MSC NewsWire

Business disappointed with ERA Bill

EMA is bitterly disappointed with the lack of heed paid to concerns business has raised in relation to the Employment Relations Amendment Bill.

Source A EMA release

Petrol and chemical products lead fall for manufacturing

Source StatsNZ release

Pike River Recovery Agency risk assesses three re-entry options

Technical mining experts gather in Greymouth for the next two weeks to look at risks involved in each of the three re-entry options the Pike River Recovery Agency is investigating for the Pike River Mine.

Source A Pike River Recovery Agency release

Employment bill still harmful, oppressive

The Employment Relations Amendment Bill as reported back to Parliament today remains harmful and oppressive, says BusinessNZ.

Source A BusinessNZ release

Eye-watering deal for NZ medical business

Taken at King Saud University, from left: Professor Abdullah Aldahmash, director of the university’s Prince Naif Research Centre, Dr Hong Sheng Chiong and Dr Zakiuddin Ahmed programme director of RAHAH.

New Zealand company ODocs Eye Care has signed its first overseas international partnership with Riyadh’s King Saud University, which is the biggest medical university in the Arab world.

Source A MakeLemonade release

SBT Group purchase of the Liqueo bulk liquid storage

The SBT Group purchase of Liqueo earlier this year from Christchurch based Scales has assisted Scales search for new agri-businesses which better match its remaining portfolio.

Does business confidence foretell a slowdown, or mark a corporate conspiracy

Hamish Rutherford reporting in the Sunday Times for Stuff writes that the mood of boardrooms is currently highly pessimistic, which some take as a sign of a slowdown while others claim should be dismissed as a poll by executives of the Labour-led Government.

Source/ReadMore A Stuff release

A first for NZ: Delta Insurance releases cover for intellectual property

Kiwi businesses can now afford to protect themselves against intellectual property (IP) risks, thanks to an audacious move by Delta Insurance.

KiwiNet’s research commercialisation success to scale up; new chairman and board members announced

Ngaio Merrick takes over as KiwiNet chairman from Hon Ruth Richardson who leaves legacy of success following $38 million KiwiNet PreSeed investment in research commericalisation

Source A Kiwinet release

MPI joins forces with forest industry on biosecurity readiness

The Ministry for Primary Industries and the New Zealand Forest Owners Association (FOA) are joining forces under the GIA (Government Industry Agreement) to improve forest biosecurity preparedness.

Sistema millionaire Brendan Lindsay lifts stake in Methven to almost 20%

Kapiti lad made good Brendan Lindsay, who sold his plastics container business Sistema for $660 million in 2016, has lifted his stake in listed tapware maker company Methven to just shy of 20 percent

Source/ReadMore Sharechat

Steel & Tube raises $42.3M in discounted retail rights offer with 71% update

Steel & Tube Holdings says 71 percent of its deeply discounted 1-for-1.9 pro rata rights offer was taken up by shareholders and the stock has been halt for a shortfall bookbuild to raise another $17.8 million.