Articles in ‘Business’

Channel Infrastructure has lifted its earnings outlook as new fuel-storage capacity at the former Marsden Point refinery begins generating revenue. A new 15-year agreement with BP is expected to produce around $130 million in revenue, while government diesel storage and other projects further expand the site's role in New Zealand's fuel-security network eLocal Report: Based on reporting by RNZ HERE. · Channel Infrastructure is beginning to see…

New Zealand's only aircraft manufacturer is looking overseas again. NZAero has already begun building five new CT-4 Airtrainers as growing demand for pilots across Southeast Asia creates a potentially significant opportunity for New Zealand's advanced manufacturing sector. eLocal Report: Based on reporting by John Weekes, Senior Business Reporter for the NZ Herald, published 21 August 2026. Read the original report HERE · !The NZAero CT-4…

For generations of New Zealand travellers, the brightly wrapped boiled lolly handed out as an aircraft begins its descent has become almost as familiar as the koru itself. Behind that small Kiwi ritual is an equally New Zealand story — a family business that survived economic upheaval, embraced automation and eventually fulfilled a promise made thousands of metres above the Tasman. eLocal Report: Based on reporting by Serena Solomon for RNZ. ·…

Ballance Agri-Nutrients has confirmed it is exploring plans to manufacture fertiliser at Marsden Point using by-products from a proposed biorefinery. While still in its early stages, the proposal has reopened a wider national conversation about rebuilding strategic manufacturing capacity in New Zealand—and who should ultimately own it. Report by eLocal · Ballance Agri-Nutrients has joined forces with the Seadra consortium to investigate…

Hooters has closed its remaining restaurants across four US states as the company continues restructuring following Chapter 11 bankruptcy. While debates over branding have surrounded the chain for years, company leaders point to inflation, rising operating costs and shifting consumer habits as the primary drivers behind its decline. INR Report: Based on reporting by ZeroHedge HERE. ·…

More than 3,000 New Zealand companies entered insolvency during 2025 — the highest level in 15 years. But according to one of the country's leading insolvency practitioners, the economy is only part of the story. eLocal Report: Based on the Notes From The Executive podcast featuring Damien Grant, Principal of Waterstone Insolvency, HERE. · Insolvencies Reach A 15-Year High · While the figures appear to reinforce concerns about the country's…

What many New Zealanders see as a garden ornament, souvenir, or discarded shell is being transformed into luxury products for some of the world's most exclusive brands and customers. · A Southland-based company is exporting an estimated one million pāua shells annually, supplying international markets that value the iridescent shell as a premium decorative material for jewellery, luxury packaging, furniture, fashion accessories and even royal…

The annual St. Petersburg International Economic Forum (SPIEF) will be held over June 3-6. In its nearly three decades of existence, this event has borne witness to fundamental global shifts and it has shifted along with the world. Founded with the aim of facilitating foreign investment in Russia, it became known as Russia’s Davos in the 2000s, when Western executives descended upon St. Petersburg in their private jets in the hopes of securing…

Alex Krainer · One of the recurring themes of this newsletter has been the doom facing Great Britain, its economy and its undead empire, most recently rebranded as “Global Britain.” My curiosity about all this was prompted by the hysterical reactions from the U.K. to the U.S. withdrawal from Afghanistan in August 2021. A number of high-level British officials were indignant, as though they felt betrayed by the Americans. Who knew…

A significant gold and silver discovery has been confirmed in New Zealand’s historic Coromandel region — and early indications suggest it could be worth billions of dollars in the ground. · But what makes this find stand out isn’t just the scale. · It’s the grade, structure, and simplicity of extraction — a combination rarely seen together in modern mining. The Numbers That Matter · Estimated 1.4–1.5 million ounces of gold already…