New Zealand’s unemployment rate fell from a 13-year high in the last three months of 2012 as people stopped looking for work and the participation rate shrank to its lowest level in almost nine years. The unemployment rate fell 0.4 of a percentage point to 6.9 percent in the December quarter, as the number of people leaving the workforce fell …

Chorus’ executive in charge of building its tax-payer funded broadband programmes will leave the telecommunications network operator at the end April. General manager of network build Chris Dhyrberg decided to resign from Chorus over Christmas, and will stay on for another three months, the company said in a statement. Dhyrberg has been responsible for the roll-out of the ultra-fast broadband …

“The announcement that Mainzeal has been placed into receivership has taken many in the construction industry by surprise but should not be considered unexpected given New Zealand’s boom-bust construction market, says Stephen Selwood,” Chief Executive of New Zealand Council for Infrastructure Development. “While Mainzeal is facing its own unique set of circumstances as a company there is no doubt that …