New Zealand

Transfield wins contract worth $804 million from Chorus

Transfield wins contract worth $804 million from Chorus

Transfield Services, a leading global provider of operation, maintenance and asset and project management services, has secured a 10-year contract worth $NZ1 billion
($804 million) from Chorus, the fixed voice and broadband network division of Telecom New Zealand.

Under the arrangement, Transfield would provide network maintenance and sustaining capital works to Chorus, Telecom New Zealand's fixed voice and broadband network division, in four of its 11 telecommunications field services areas in New Zealand.

EPIC to acquire 17.49% stake in Moto International for £19.7 million

EPIC to acquire 17.49% stake in Moto International for £19.7 million

Equity Partners Infrastructure Company Limited (EPIC) has agreed to acquire a 17.49% stake in Moto International Holdings Limited for a consideration of £19.7 million.

The deal marks the second UK investment for Epic, after the fund bought stake in water management company Thames Water in 2007.

Reports suggest that the deal was finalized due to directors of Epic, which had been impressed by Moto's strong management team and its proven track record of business growth.

Hong Kong court rescinds freeze of ‘runaway millionaire’ funds

Hong Kong court rescinds freeze of ‘runaway millionaire’ funds

It has been learnt that two orders freezing the funds of a fugitive Rotorua gas-station operator Leo Gao have been withdrawn by a Hong Kong court. Mr. Gao fled to China after he was mistakenly granted a $10 million overdraft.

The sum of $6.73 million was transferred by him to accounts in China and Hong Kong, including with Wynn International Marketing before police became aware of the case.

Metiria wins while Bradford loses the battle for the Green Party co-leadership

Metiria wins while Bradford loses the battle for the Green Party co-leadership

Though Sue Bradford could not win the battle for the Green Party co-leadership, she is determined to remain working as a Member of Parliament. Ms. Bradford told this to her colleagues soon after the results were out.

Metiria Turei won the race for the new co-leader of the Green Party and soon when the announcement was made, Ms Bradford left the Greens conference.

Now Ms. Turei would replace outgoing co-leader Jeanette Fitzsimons, who is stepping down from the job after 14 years.

Crucial credit card data stolen; posted online

Crucial credit card data stolen; posted online

As per the media reports, data containing minute details of credit card was recently stolen, after which it was posted on a blog site. The stolen details include information of thousands of people, including many New Zealanders.

An Australian newspaper, which discovered the data online, reported that it included thousands of Visas, MasterCard and American Express numbers, including expiry dates, together with home addresses, phone numbers and email addresses.

Huge welcome to Primary investment funding

Agriculture and Forestry Minister David Carter

During yesterday's budget, government investment for primary industries was welcomed with wide open arms, in spite of criticism from some for a scrapped tax credit for research.

Whopping $190 million of funding was given to a new Primary Growth Partnership over the next four years, reaching $70 million a year when fully operating in 2012/13.

The industry would match the government investment that would lead in an annual investment of up to $140 million.

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