Recent Posts

Ryman expands board as veteran director Clements departs

Ryman Healthcare, the country’s biggest listed retirement village operator, is expanding its board with two new hires, as 15-year veteran director Andrew Clements departs. The Christchurch-based company has appointed former BHP accountant Clare Higgins and ex-Sealord and Auckland Council chief executive Doug McKay as independent directors, while Clements steps down having been on the board since it floated on the …

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GCSB’s ‘Project Cortex’ may expand to technology sharing with ISPs

The Government Communications Security Bureau may expand its ‘Project Cortex’ to sharing malware-disrupting technology with local internet service providers, according to Cabinet papers declassified by Prime Minister John Key. The project is described as countering advanced cyber threats and would see the communications-focused spy agency deliver advanced malware detection services to an undisclosed number of entities including government agencies and “organisations …

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NZ balance of payments deficit hits cyclical low point

The annual deficit in New Zealand’s dealings with the rest of the world fell, in line with consensus forecasts, to 2.5 percent of gross domestic product in the year to June 30, hitting what economists expect will prove to be a cyclical lowpoint. Falling prices for key export commodities, especially dairy products, and a weaker New Zealand dollar are expected …

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