New Zealand's ties with South Korea stretch back over 50 years; diplomatic relations were formally established in 1962, but the relationship dates back to the deployment of Kiwi troops during the Korean War eports Sam Sadcheva for Newsroom.
Corrections staff have identified a number of issues relating to the manufacture of its rapid-build modular units for prisoner accommodation during quality assurance trips to China reported by Laura Walters for Newsroom.
Megan Woods will this week introduce legislation to implement the ban on new offshore oil and gas exploration against the advice of MBIE, which says it will cost the Government $7.9 billion in lost revenue reports Newsroom'sThomas Coughlan.
The legislation gives effect to the decision taken by Woods in April to ban future offshore exploration "block offers".
Under the proposed legislation the Government will stop granting any new offshore exploration permits. It does not affect holders of existing offshore permits, but any future block offers will be limited to onshore exploration.
Woods’ decision was controversial and the revelation that it was made without widespread industry consultation was widely criticised as further damaging Labour’s relationship with the business community.
National Party leader Simon Bridges called the ban a "wrecking ball" for regional New Zealand.
Regional Development Minister Shane Jones allocated nearly $20 million in funding from the Provincial Growth Fund to Taranaki, but Bridges labelled the funding a "compensation package" which could not make up for the loss of high-paying oil and gas jobs. Rod Oram, writing for Newsroom Pro, cast doubt on some of the oil and gas industries claims about lost revenue and jobs. read on . . . .
The Tax Working Group (TWG)'s "Future of Tax" interim report is 188 pages long. There have been (and there will be) many hundreds more pages written about the findings. (Newsroom has written a few.) And that's even before the full report comes out in February next year.