Latest from Business

‘We need your help'

Government urged to give support as impacts of coronavirus outbreak continue to be felt in this region

QRS secures $29m in roading contracts

Wairoa-based Quality Roading and Services (QRS) has started the year by securing $29 million in contracts around Hawke’s Bay and the East Coast.“Eighteen million dollars of that amount is for work scheduled in 2019,” chief executive Nigel...

Trust Tairawhiti buys back Gisborne's Far East sawmill

Working to secure replacement operator

New blood on Trust Tairawhiti board

A lawyer and a doctor of philosophy who whakapapa back to Tairawhiti are the new board members of the region's $377 million community trust. Wi Pere Mita and Dr Warren Williams are the new appointees of Trust Tairawhiti's governance board. Gisborne...

Recovery plan could need to address 1700 job losses

With more than 400 people out of work and up to 1300 more jobs at risk following Covid-19, the region's roadmap to economic recovery will receive professional input from Infometrics senior economist Brad Olsen. Rau Tipu Rau Ora, the Covid recovery...

Ngati Porou in deal to buy salmon company

Ngati Porou have secured another foot in the fisheries market after starting a partnership to purchase Akaroa Salmon Ltd in the South Island. The partnership, named Ahi Mokopuna, is between Ngati Porou Seafoods Ltd, Te Kahui o Onuku and Archipelago...

Driving economic action,Who is involved in region’s action plan?

In February this year, Government Ministers and the Tairawhiti Economic Action Plan Steering Group launched the Tairawhiti Economic Action Plan (TEAP) — a multipoint plan focused on transformative economic change. The plan focuses on those human...

Three generations of family at glass, aluminium business

Kevin Hollis has run his own successful business since September 1, 1992. He still remembers his first customer — Doug Humble. The glass industry today is more competitive than it has ever been in his 53-year-long career.“That's good for the...

Employment law changes under a Labour Government

An item on the radio a couple of weeks ago caught my attention — the Hon Michael Wood, the new Minister for Workplace Relations and Safety, stated that one of the first things on the Government’s agenda once Parliament officially opened was to...

TRONP enjoys strong financial performance

A GOOD return on assets and a tightening of the belt have contributed to steady gains in the financial performance of Te Runanganui o Ngati Porou over the past year. TRONPnui’s commercial arm Ngati Porou Holding Company produced a net profit of...

The farming year in review

June 30 is just around the corner and for most farmers it is time to start thinking about getting ready for year end. In this day and age, that does not have to be as daunting as it once was. I thought it timely to provide a commentary of the year...

Coronavirus impacts ‘real and raw but we will come through’

Critical to have a more diversified economy

Alert Level 2 ‘feels like Christmas time’

Lockdowns have impacted businesses across New Zealand in ways that are negative and, for some, positive — The Beauty Depot in Gisborne has experienced both, says owner Juana Vincent. Like most businesses throughout New Zealand, Ms Vincent says that...

Gisborne real estate's stellar suburbs

NEWS of a recent lift in the median house price in Gisborne has been backed by figures showing that homes sold in Gisborne in June went for an average of nearly 10 percent more than their rateable valuations. After years of stagnating prices, the...

Ethical investing increasingly popular

Environmental, social and governance (ESG) investing, an ethical approach to investing, is here to stay and it needs to stay, Craigs Investment Partners say. Craigs' senior sustainability analyst Vanessa Stevens says the company believes that ESG...

Record profit for Eastland Group

AFTER weathering plunging log prices early in the year Eastland Group has ended the financial year with record profits, helped along by its 2015 acquisition of Transpower’s Gisborne and Wairoa assets. Eastland Group owns Eastland Port, Eastland...

Building more boats

“We're going into the business of mass-producing Endeavour models,” jokes White Pointer Boats owner Rex Briant. He is proud of the two 200kg aluminium Endeavour models built by his team and is keen to see them erected. Meanwhile, though, demand...

Gisborne third on power outage list

THE Commerce Commission’s annual summary of New Zealand’s lines companies ranks Gisborne’s Eastland Network as having one of the nation’s highest frequency of power outages. The Commission has published its latest one-page summaries of key...