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27 January, 2012

Ministers approve Crafar farms bid

Land Information Minister Maurice Williamson and Associate Minister of Finance Dr Jonathan Coleman have accepted the recommendation of the Overseas Investment Office (OIO) to grant consent to Milk New Zealand Holding Limited (Milk New Zealand), a subsidiary of Shanghai Pengxin Group Co. Limited, to acquire the 16 Crafar farms.

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27 January, 2012

Focus on spending restraint, return to surplus

Core Crown tax revenue was about $500 million below forecast in the five months ending 30 November, reinforcing the need for ongoing spending restraint and responsible fiscal management, Finance Minister Bill English says.

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27 January, 2012

Iwi consultation for partial SOE share floats

The Government has announced a series of hui to consult with Maori on legislative changes it considers are necessary for the float of minority shareholdings in four State Owned Enterprises to New Zealanders.

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22 December, 2011

Solid economic growth amid global uncertainty

The economy posted solid growth in the September quarter, despite considerable global uncertainty, Finance Minister Bill English says.

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16 December, 2011

Crown to manage AMI's earthquake claims

IAG's agreement to purchase AMI Insurance, announced today, will strengthen the Canterbury insurance market and reduce the Crown's liability, Finance Minister Bill English says.

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15 December, 2011

Next steps in mixed ownership programme

The Government has confirmed the next steps in its mixed ownership programme to offer New Zealanders minority shareholdings in four state-owned energy companies and Air New Zealand.

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