The cash bonus for the managing director of Contact Energy, David Baldwin grew up to its second highest since his appointment in the company in 2006. This hike in his payment was seen despite of the second lowest return on equity of the company in its sector.
An advertising agency of Auckland has been declared as the agency of the decade. Colenso BBDO has been announced as the agency of the decade beating all its rivals across the world for producing most talented young creative’s in the world.
The mayoral candidate for Christchurch, Jim Anderton has accused the current mayor of the city, Bob Parker of avoiding the local body election debates because of his own political reasons. Mr. Parker is seeking the re-election but stopped the election campaign by saying he is too busy with his works mainly for the earthquake recovery of Canterbury.
The retailers have expressed their problems in removing the GST from vegetables and fruits.
The chief executive of the Foodstuffs South Island, Steve Anderson said that he was expecting full hearted support from the retailers in removing the GST from fresh food products but he also mentioned about the challenges in the way of performing removal.
The second biggest payout of Fonterra came out as good news for the farmers and also for the entire country. Meanwhile the chairman of the Bay of Plenty Federated Farmers, John Scrimgeour said the move would unlikely to lead to big spending of the company.
The farmers of the country will most probably use the money to pay off their previous debts and they are also expected to pay the costs of extra feed and fertilizer.
According to the report from an individual adviser, both the proposed management fee review carried out by the AMP NZ Office Trust (ANZO) and the plan to change it to a company from a trust are positive for the investors but it still have to define a fundamental issue.
As per the KordaMentha report which was published on the previous day said that the changes proposed by the ANZO would be profitable for the investors and mangers.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki