New Zealand

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.

Staff not to be made redundant by Kawarau building firm

Staff not to be made redundant by Kawarau building firm

As per the media reports, 200 of about 500 workers would be employed by one of the country's largest building firms on the tormented $1 billion Kawarau Falls Station construction site at Queenstown.

According to Chris Hunter, chief executive of Hawkins Construction, despite receivership news which surfaced this week, no one was being made redundant. The firm has total workforce of 200 on the site.

Fruit and veggies lead food price rise

New Zealand

According to Statistics New Zealand's latest food price index fruits and vegetables are getting increasingly expensive even though the global recession saw a widespread fall in the prices of the commodities.