Privately owned Greymouth Petroleum has been looking for opportunities to expand its presence in the Auckland residential gas and electricity market. The firm, already possessing gas fields in Taranaki, is said to have found more gas reserves at the onshore fields that prompted it to come up with new plants for Auckland.
The Auckland City Council has been chalking out plans for opening a new night market for Auckland's central business district, according to persons concerned with the development.
The move is aimed to promote a "vibrant CBD" during the 2011 Rugby World Cup.
However, the final location is yet to be finalized, but the Fort St, Elliot and Darby Sts and Lorne St are being echoed as the most suitable locations for the proposed market. The Heart of City Group that represents inner city businesses has also supported the idea.
The rumors of wide spread credit card scam grappled the administration as the Wellington City Council officials conducted a checking of all parking machines located in different localities. The scammers are said to have attempted some illegal transactions by using machines meant for payment through credit cards. Thieves are reported to have hacked details of credit cards which are used to pay parking fees in a downtown Auckland. Banks are also concerned about the development and geared up to avoid such events happening in future.
Auckland based Pumpkin Patch, a leading retailer of Children's clothes, said that the worst of the global financial crisis has been over and it has been approaching to stability at a gradual pace.
Maurice Prendergast, the Chief Executive of Pumpkin Patch, assured its shareholders at the company's annual meeting that the firm would do everything possible to achieve desired growth targets despite many odds in the way.
New Zealand government has announced $500m for Auckland's rail system for helping it to buy environment friendly electric trains. Transport Minister Steven Joyce added that the loan would be sectioned as soon as possible for beginning the first train operations from 2013.
Auckland's rail network has already achieved double tracking and the next stage of electrification is a step to provide Aucklanders with a speedy and very comfortable journey.
New Zealand based commercial real estate investor, DNZ Property Fund Ltd would soon float Initial Public Offer in a bid to raise around $97 million to meet its financial obligations.
The Auckland-based firm, having property worth NZ$730 million, plans to sell about 159 million shares at 82 cents per share.
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