Shareholders are being asked to approve a proposal to convert the site into a fuel import terminal resulting in job losses – although the company said it was the best option to allow it to remain viable.
People in the tourism and infrastructure industries are hoping the government will soon change the way it assesses the risk travellers bring when they arrive in New Zealand.
Expectations are that the Reserve Bank will cement in an interest rates rise in coming weeks but an economist is warning against going “too early like it did after the global financial crisis”.