Westland Dairy sale
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- Date published:
12:08 pm, March 20th, 2019 - 30 comments
Categories: Economy, farming, nz first, overseas investment, Shane Jones, winston peters -
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Westland Dairy has done a deal to sell out to Yili industrial Group of Mongolia.
Westland Milk Products is currently owned by 429 farmer-shareholders, and properly named the Westland Co-Operative Dairy Company Ltd. This is our third largest independent dairy company in New Zealand.
It is by a long, long way the most important business in Hokitika, and most important single business on the West Coast of the South Island.
It processes approximately 3% of the country’s total milk production.
There’s a quick history of Westland Dairy here … and with photographs here.
New Zealand’s west coaster dairy farmers built and grew local dairy farms and local ownership of their dairy processor and exporter for 150 long years, which they celebrate this year.
It was one of the very last to hold out and assert their proud and very hard-won independence through all the industry restructures, all the mergers, all the stupidity over decades.
In November 2018 this government lent Westland Milk Products $10 million. At the time of the loan, the Chief Executive Toni Brendish said that Westland needed to reduce its dependency on bulk dairy commodities.
In November 2018 this government lent Westland Milk Products $10 million. At the time of the loan, the Chief Executive Toni Brendish said that Westland needed to reduce its dependency on bulk dairy commodities.
We’ll do this by expanding our capacity to produce high value products, differentiated by the special qualities of the milk used to make them. This will include A2 milk and our new Ten Star premium standard milk.”
What Westland has done instead is increase this country’s dependency on foreign ownership.
It truly pisses me off to see my taxpayer money propping up the balance sheet of the largest business on the west coast, to make it attractive for sale to foreigners.
Could Shane Jones and his officials not have had the nous to work with them on their real capital problems instead of offering Vodka to an alcoholic (ie short term capital to a long term capital deficit)?
I have nothing against Yili Industries of Mongolia. I have no idea who they are. I am objecting in principle to the company choosing to go to foreign capital rather than a local source.
I am objecting to Shane Jones being stupid with our taxpayer money. I am objecting to the wilful gutting of local profit away from local owners of local farms to foreigners, whoever they are.
I am waiting for Shane Jones’ fund to show that New Zealand is an economically stronger place for the investment of our dollars into it, specifically from this loan.
Of course there is still a shareholder vote to go, and Overseas Investment Commission approval as well.
It would be great to see Winston Peters come out against it as strongly as he did against the sale of Silver Fern Farms in 2017 when they were in opposition.
Or indeed anyone.
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- Release: Public transport costs to double as National looks at unaffordable roading project insteadCancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...2 weeks ago
- Release: Cost of living in Auckland still not a priorityA laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...2 weeks ago
- Te Pāti Māori to visit Queensland to strengthen ties with Māori in AustraliaTe Pāti Māori co-leader Rawiri Waititi, and Mema Paremata mō Tāmaki-Makaurau, Takutai Tarsh Kemp, will travel to the Gold Coast to strengthen ties with Māori in Australia next week (15-21 April). The visit, in the lead-up to the 9th Australian National Kapa haka Festival, will be an opportunity for both ...2 weeks ago
- Greens look to fast-track submissions on harmful lawThe Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...2 weeks ago
- Release: Govt should stop making people’s lives harder and build more homesThe National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...2 weeks ago
- Release: Melissa Lee missing in action on mediaThe action Melissa Lee promised to protect democracy and the media sector is missing, Media and Communications spokesperson Willie Jackson said. ...2 weeks ago
- Landlord Government leaves little hope for rentersThe Government’s announcement on tenancy rules prove that it does not care about renters. ...2 weeks ago
- Opportunity to build a more sustainable economyGreen Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...2 weeks ago
- Significant step forward in fixing cruel and unjust pastA significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...2 weeks ago
- Missed opportunity but NZ will surely one day recognise the right to a sustainable environmentNew Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...2 weeks ago
- Release: Don’t cut our lunches – clear message sent to GovernmentTens of thousands of people are demanding the Government commits to fully funding free and healthy school lunches. ...2 weeks ago
- Release: Govt makes U-turn on Suicide Prevention OfficeLabour welcomes the Government’s U-turn on the closure of the Suicide Prevention Office, says Labour Mental Health spokesperson Ingrid Leary. ...2 weeks ago
- CCC issues warning over further climate delayToday’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...3 weeks ago
- Luxon targets lame and lousy example of leadershipIf talk is cheap, Chris Luxon’s “targets” are bankrupt. ...3 weeks ago
- Luxon targets are lousy example of leadershipIf talk is cheap, Chris Luxon’s “targets” are bankrupt. ...3 weeks ago
- Release: Commitment to disability communities missing from Govt prioritiesMinister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...3 weeks ago
- Anzac Commemorative Address, Buttes New British Cemetery Belgium
Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...7 hours ago - Anzac Commemorative Address – NZ National Service, Chunuk BairDistinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...1 day ago
- Anzac Commemorative Address – Dawn Service, Gallipoli, TürkiyeMai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...1 day ago
- PM announces changes to portfoliosPaul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...2 days ago
- New catch limits for unique fishery areasRecreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...3 days ago
- Minister welcomes hydrogen milestoneEnergy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...3 days ago
- Urgent changes to system through first RMA Amendment BillThe coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...3 days ago
- Overseas decommissioning models consideredOverseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...4 days ago
- Release of North Island Severe Weather Event InquiryEmergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...4 days ago
- Justice Minister to attend Human Rights CouncilJustice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...4 days ago
- Patterson reopens world’s largest wool scouring facilityAssociate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...4 days ago
- Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...4 days ago
- Government to introduce revised Three Strikes lawThe Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...4 days ago
- New diplomatic appointmentsForeign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...4 days ago
- Humanitarian support for Ethiopia and SomaliaNew Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...4 days ago
- Arts Minister congratulates Mataaho CollectiveMinister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...5 days ago
- Supporting better financial outcomes for KiwisThe Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...6 days ago
- Trade relationship with China remains strong“China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says. Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...6 days ago
- PM’s South East Asia mission does the businessPrime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...7 days ago
- $41m to support clean energy in South East AsiaNew Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...1 week ago
- Minister releases Fast-track stakeholder listThe Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...1 week ago
- Judicial appointments announcedAttorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...1 week ago
- Education Minister heads to major teaching summit in SingaporeEducation Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...1 week ago
- Value of stopbank project proven during cycloneA stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...1 week ago
- Anzac commemorations, Türkiye relationship focus of visitForeign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...1 week ago
- Minister to Europe for OECD meeting, Anzac DayScience, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...1 week ago
- Comprehensive Partnership the goal for NZ and the PhilippinesPrime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...1 week ago
- Government commits $20m to Westport flood protectionThe Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...1 week ago
- Taupō takes pole positionThe Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...1 week ago
- Cost of living support for low-income homeownersLocal Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...1 week ago
- Government backing mussel spat projectThe Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...1 week ago
- Government focused on getting people into workBenefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...1 week ago
- Clean energy key driver to reducing emissionsThe Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...1 week ago
- Earthquake-prone buildings review brought forwardThe Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...1 week ago
- Thailand and NZ to agree to Strategic PartnershipPrime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...1 week ago
- Government consults on extending coastal permits for portsRMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...1 week ago
- Inflation coming down, but more work to doToday’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...1 week ago
- School attendance restored as a priority in health adviceRefreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...1 week ago
- Unnecessary bureaucracy cut in oceans sectorOceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...1 week ago
- Opinion: It’s time for an arts and creative sector strategyI was initially resistant to the idea often suggested to me that the Government should deliver an arts strategy. The whole point of the arts and creativity is that people should do whatever the hell they want, unbound by the dictates of politicians in Wellington. Peter Jackson, Kiri Te Kanawa, Eleanor ...1 week ago
- Lynley Hood Opinion – Senator Fulbright must be spinning in his grave
1 hour ago - Fast-track bill could affect NZ's reputation – Transparency International
The ministers responsible for green-lighting major projects need to be open about potential conflicts of interest, says Transparency International. ...2 hours ago - We’re all feeling the collective grief and trauma of violence against women – but this is the pr...Source: The Conversation (Au and NZ) – By Anastasia Powell, Professor, Family and Sexual Violence, RMIT University It has been a particularly distressing start to the year. There is little that can ease the current grief of individuals, families and communities who have needlessly lost a loved one to men’s ...3 hours ago
- Species living closely together in symbiosis is far older and way more common than you might thinkSource: The Conversation (Au and NZ) – By Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Lichen, the first described example of symbiosis. AdeJ Artventure/Shutterstock Once known only to those studying biology, the word symbiosis is now widely used. Symbiosis is the intimate ...3 hours ago
- What is childhood dementia? And how could new research help?Source: The Conversation (Au and NZ) – By Kim Hemsley, Head, Childhood Dementia Research Group, Flinders Health and Medical Research Institute, College of Medicine and Public Health, Flinders University Olena Ivanova/Shutterstock “Childhood” and “dementia” are two words we wish we didn’t have to use together. But sadly, around 1,400 ...4 hours ago
- Jobseekers get about $345 less than pensioners each fortnight. This gap is hurting, and is set to wi...Source: The Conversation (Au and NZ) – By Peter Whiteford, Professor, Crawford School of Public Policy, Australian National University The government’s Economic Inclusion Advisory Committee has just published its second report. It was set up by Treasurer Jim Chalmers and Minister for Social Services Amanda Rishworth in 2022 to provide: ...5 hours ago
- Does fighting inflation always lead to recession? What NZ data tellsHere is what 60 years of New Zealand data shows us. ...5 hours ago
- The government's 20 trips abroad in AprilThe government appears committed to overseas visits with 14 ministers and MPs in 18 countries this month. ...6 hours ago
- Government unveils fetal alcohol guidelines, plan for diagnosis trainingThe government is promising to step up the response to Fetal Alcohol Spectrum Disorder, promising to boost diagnoses and raise awareness. ...7 hours ago
- Labor facing heavy defeat in Queensland, but faring better in federal pollsSource: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne The Queensland state election will be held in October. A YouGov poll for The Courier Mail, conducted April 9–17 from a sample ...7 hours ago
- Why the potential for another Donald Trump presidency is making Iran very nervousSource: The Conversation (Au and NZ) – By Amin Naeni, PhD candidate at Alfred Deakin Institute for Citizenship and Globalisation, Deakin University There’s been much talk in recent months about what a possible second Donald Trump presidency in the United States could mean for Europe, Russia’s war in Ukraine, the ...7 hours ago
- ‘The worst piece of law proposed since 1979’: Reactions to the Fast-track Approvals Bill
A brief round-up of submissions on the controversial proposed law. This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. Last week, submissions on the controversial Fast-track Approvals Bill closed just hours after the government released a list of stakeholder organisations who were sent letters advising how they could ...8 hours ago - The Friday Poem: ‘Cereal giving’ by Robin PeaceA poem from Robin Peace’s new collection Detritus of Empire: feather / grass / rock. Cereal giving I see a woman’s hands, see her curious hands break a stalk as she walks through the tall prairie, the savannah, the steppe, wherever it was. See her idly bite the grass that ...8 hours ago
- The Unity Books bestseller chart for the week ending April 26The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington. AUCKLAND 1 Hemingway’s Goblet by Dermot Ross (Mary Egan Publishing, $38) A handsomely produced (debossed cover, lovely ...8 hours ago
- Te Rūnanga O Ngāti Whātua Welcomes Commissioner's Decision Regarding Awataha Marae
The Commissioner's decision validates the longstanding efforts of the local community and ensures that Awataha Marae will be managed to serve the needs of the local community, particularly for hosting tangihanga. ...9 hours ago - We reconstructed landscapes that greeted the first humans in Australia around 65,000 years agoSource: The Conversation (Au and NZ) – By Tristan Salles, Associate professor, University of Sydney Examples of Australian landscapes. Unsplash Seventy thousand years ago, the sea level was much lower than today. Australia, along with New Guinea and Tasmania, formed a connected landmass known as Sahul. Around this time – ...9 hours ago
- What do we lose when our old suburbs disappear?Source: The Conversation (Au and NZ) – By Felicity Castagna, Lecturer, Creative Writing, Western Sydney University Day Day Market, Parramatta Photo: Garry Trinh I live on the edge of Parramatta, Australia’s fastest-growing city, on the kind of old-fashioned suburban street that has 1950s fibros constructed in the post-war housing boom, ...9 hours ago
- Does fighting inflation always lead to recession? What 60 years of NZ data can tell usSource: The Conversation (Au and NZ) – By Michael Ryan, Teaching Fellow in Economics, University of Waikato GettyImages fatido/Getty Images There is an ongoing global debate over whether the high inflation seen in the aftermath of the COVID-19 pandemic can be lowered without a recession. New Zealand is not ...9 hours ago
- After spending $700,000 on pins for Covid-19 workers, department now cutting costsA government office that set aside millions for lapel pins for pandemic workers is now looking to cut back on spending. ...10 hours ago
- ‘A hell of a lot of fun’: Our reviews of Chris Isaak’s dazzling Auckland showThe ‘Wicked Game’ heartthrob is in his late 60s now. That didn’t stop him putting on a lively, goofy and very sparkly show. Apart from ‘Wicked Game’, which graces a sultry playlist of mine simply called 💋, my last sustained Chris Isaak listening session took place when I was about ...10 hours ago
- The Week in Politics: Days of drama and demotionsAnalysis - Two ministers were stripped of portfolios in a warning to Cabinet, drama broke out at the Waitangi Tribunal, and the gang patch ban bill ran into opposition. ...10 hours ago
- Hear me out: All I want is a TrueBliss T-shirtTara Ward makes an impassioned plea for some vital pop culture merch. In April 1999, I became obsessed with a new reality television show called Popstars. Every Tuesday night, five strangers transformed into music royalty before my very eyes as Joe, Keri, Carly, Erika and Megan were chosen to form ...12 hours ago
- Solemn ANZAC dawn service at PNG’s Isurava battle memorialPNG Post-Courier In the early hours of ANZAC Day, aerial photographs captured an impressive gathering of Australians and Papua New Guineans at Isurava in the Northern (Oro) Province. The solemn dawn service yesterday was held at a site steeped in history, where some of the fiercest battles of World War ...12 hours ago
- Political editors panel: A reshuffle and the fast trackListen - RNZ's Jo Moir and NZ Herald's Claire Trevett dissect the demotion of two ministers and the PM's response on Morning Report. ...13 hours ago
- After-hours clinics on verge of collapse in some regionsOverworked GPs have signalled they can no longer cover, while funding is falling short. ...13 hours ago
- Oranga Tamariki Axes Specialist Māori Roles, Weakens Commitment To Te Ao MāoriThe PSA is shocked that Oranga Tamariki has used the cost cutting drive to downgrade its commitment to Te Ao Māori and remove many specialist Māori roles. ...13 hours ago
- China’s money only goes so far – Kokoda shows why history binds PNG and Australia in a far deepe...Source: The Conversation (Au and NZ) – By Ian Kemish, Adjunct Professor, School of Historical and Philosophical Inquiry, The University of Queensland There can be no more powerful symbol of the relationship between Australia and Papua New Guinea than the prime ministers of these neighbouring countries walking together on the ...13 hours ago
- We spoke to young people about sexual consent. They understand the concept, but don’t always ask i...Source: The Conversation (Au and NZ) – By Andrea Waling, ARC DECRA Senior Research Fellow in Sex & Sexuality, La Trobe University BAZA Production/Shutterstock Sexual consent has been a major focus in Australia for the past few years. In early 2022 the federal government mandated consent education in ...13 hours ago
- Longer-lasting ozone holes over Antarctica expose seal pups and penguin chicks to much more UVSource: The Conversation (Au and NZ) – By Sharon Robinson, Distinguished Professor and Deputy Director of ARC Securing Antarctica’s Environmental Future (SAEF), University of Wollongong, University of Wollongong Andrew Netherwood Over the last 25 years, the ozone hole which forming over Antarctica each spring has started to shrink. ...13 hours ago
- Granting legal ‘personhood’ to nature is a growing movement – can it stem biodiversity loss?Source: The Conversation (Au and NZ) – By Viktoria Kahui, Senior Lecturer in Environmental Economics, University of Otago Getty Images/Amy Toensing Biodiversity is declining at rates unprecedented in human history. This suggests the ways we currently use to manage our natural environment are failing. One emerging concept focuses on ...13 hours ago
- Will checking character references really help you find the best candidate for a job?Source: The Conversation (Au and NZ) – By Timothy Colin Bednall, Associate Professor in Management, Swinburne University of Technology marvent/Shutterstock Finding the best person to fill a position can be tough, from drafting a job ad to producing a shortlist of top interview candidates. Employers typically consider information from ...13 hours ago
- A guide to Wellington’s best BYO restaurantsWondering where to host your next BYO? Whether its a small gathering or a massive party, we’ve got some recommendations. I was first introduced to the concept of BYOs at Dunedin’s India Gardens, a legendary but sadly defunct establishment, which purveyed enormous quantities of mango chicken to Aotearoa’s drunkest future ...13 hours ago
- New rock art discoveries in Eastern Sudan tell a tale of ancient cattle, the ‘green Sahara’ and ...Source: The Conversation (Au and NZ) – By Julien Cooper, Honorary Lecturer, Department of History and Archaeology, Macquarie University Julien Cooper The hyper-arid desert of Eastern Sudan, the Atbai Desert, seems like an unlikely place to find evidence of ancient cattle herders. But in this dry environment, my new ...13 hours ago
- Paul Goldsmith starts as new Media Minister replacing sacked Melissa LeeThe media industry is "under pressure", Paul Goldsmith says, but he plans to plot a path forward as he takes up the difficult role. ...14 hours ago
- Media industry sheds few tears for minister LeeThe sector says it’s hopeful her replacement Paul Goldsmith will be able to throw it a lifeline, after six months with a minister deemed missing in action, writes Catherine McGregor in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign ...15 hours ago
- Is NZ bringing in 'Indonesian coal every month to keep the lights on'?Analysis: The Resource Minister said it, but is it true and why does it matter? ...15 hours ago
- More spending cuts needed to stablise government finances – economistThe government can't just rely on axing public sector jobs and has to do more to cut spending, says the chief economist at a free market think tank. ...15 hours ago
- The government's 22 trips abroad in AprilThe government appears committed to overseas visits with 14 miniters and MPs in 18 countries this month. ...16 hours ago
- Loopholes will be exploited in new vape rules – expertsThere is no doubt vape manufacturers will find and exploit loopholes in new regulations, say marketing experts. ...16 hours ago
- Aotearoa Party Merges With Rock The Vote NZ Party And John Alcock Elected As Party LeaderRock The Vote NZ, known for its advocacy for minor party unity and its role within the Freedoms NZ Coalition during the 2023 General Election, celebrates this merger as a strategic enhancement of its operational strength and outreach. ...17 hours ago
- After spending $2m on pins for Covid-19 workers, department now cutting costsGovernment department that spent $2m on lapel pins to honour Covid-19 workers is now looking to make cuts. ...17 hours ago
- An afternoon at the Repair Café, where everyday objects get a second lifeNearly everyone has experienced the frustration of something you use breaking and being difficult or expensive to fix. Proposed legislation could change that. It’s been raining on and off all Sunday afternoon but people are lining up outside a building in a corner of Gribblehirst Park in Sandringham, Auckland. In ...17 hours ago
- Dreaming of my not-wedding dayWhat does a forever relationship look like when you don’t believe in marriage? And how do you celebrate it? This essay is part of our Sunday Essay series, made possible thanks to the support of Creative New Zealand. I’m going to do it, right now. I’m going to say ...17 hours ago
- Eliza wants more than a last tango in Paris
It’s not that long ago Eliza McCartney was seriously wondering if the Paris Olympics would be her pole vaulting swansong. After years of being hounded by injury after injury, the Rio Olympics bronze medallist was still confident she would compete at her second Olympics in Paris in July, unless something ...17 hours ago - This week’s bestselling books – April 26FICTION 1 Take Two by Danielle Hawkins (Allen & Unwin, $36.99) There’s commercial fiction, like this book, and then there’s quality fiction, quality writers, quality literature; the forthcoming Auckland Writers Festival is full of quality, and ReadingRoom has two tickets to give away to the following events: Paul Lynch (Dublin ...17 hours ago
- Newsroom daily quiz, Friday 26 AprilLoading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[quiz],DIV[quiz],A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp'); Got a good quiz question? Send Newsroom your questions. The post Newsroom daily quiz, Friday 26 April appeared first on Newsroom. ...17 hours ago
- On the fringes of the Gallipoli battlefieldYou can’t have missed the Gallipoli story as the movies, documentaries, essays and books capture what it was like for New Zealand troops in their eight-month campaign on the Peninsula. But this Anzac Day the Auckland War Memorial Museum has published a book that sheds light on a little-known aspect of the ...17 hours ago
- Govt repeats mistakes of Muldoon’s authoritarian excessesOpinion: It needs wiser leadership to learn from the past to have a balanced planning and resource management law The post Govt repeats mistakes of Muldoon’s authoritarian excesses appeared first on Newsroom. ...17 hours ago
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Another altright incursion, targeting our cultural treasures: Snowflake icecream – the best vanilla in the country 🙁
well this will contribute more to new zealand’s biggest export – profits from overseas owned companies 🙁
It was a co-operative – sacrificed that because selling to overseas high bidder would provide more capital. Perhaps they can do farm exchanges and show China how clever clogs can do it. The west coast developed a neat literal ground-breaker to better pasture. Are farmers clever enough to run NZ? When given unfettered power – give them an inch and they will take a mile. Pity there is no-one who has strategic vision in NZ.
https://www.radionz.co.nz/news/country/385046/chinese-company-looks-set-to-buy-westland-milk
well its a nice name, certainly better then state owned Compan of Dairy industry in China.
https://thestandard.org.nz/westland-dairy-sale/
Yili Group (Chinese: 伊利集团, p Yīlì Jítuán; full name: Inner Mongolia Yili Industrial Group Company Limited) is a state-owned company of dairy industry in China. It is engaged in processing and manufacturing of milk products, including ice cream, milk tea powder, sterilized milk and fresh milk under “Yili” brand, powdered milk under “Pro-Kido” brand, and organic milk under “Satine” brand. It is headquartered in Hohhot, Inner Mongolia.[2][3] Its main competitor in China is Mengniu. In 2018, it is the world’s 3rd best-performing food brands.[4]
Its head office is in the Jinchun Development Zone (金山开发区) in Hohhot.[5][6]
The company was an official sponsor of the 2008 Beijing Olympics.
https://en.wikipedia.org/wiki/Yili_Group
i would be very happy for this sale to not go through. It also appears that the Chinese Government via its state owned assetts is busy buying up a lot of other dairy related companies elsewhere.
Maybe the government can nationalist this company here and call it Inner NZ Dairy company a wholly owned by NZ lest we all end up paying rent to China one day.
i have no idea why this picture is in my post? odd.
Interesting that Beijing was hosting an Olympics in 2008.
While the USA was overseeing the GFC that year.
Quite a juxtaposition.
The Chinese are becoming embedded in NZ. Perhaps they are going to turn up in our comments just to let us know that they know where we live and think.
they can turn up in our comments as much as htey like. seriously are we gonna spend the rest of our lifes afraid of totalitarian regimes?
What will our racist Deputy Prime Minister have to say about this?
Do you have anything to say about the proposed sale? I’m agin it.
Absolutely nothing. He’s too busy being quiet about all the Islamophobia he’s spouted in the last years.
Shane Jones belongs in the national party with all the other pro corporate welfare brigade.
He is arrogance personified.
“He is arrogance personified”
That of course is the reason National refused to agree to Winston and his acolyte Shane being given $3,000,000,000.00 to finance their slush fund. Yes that really is the right number of zeroes.
I don’t think NZF would ever have gone into Government with National of course. English and Joyce would never have allowed themselves to get into the position that an inexperienced and ill prepared Labour Party were. Labour were willing to give Winston anything at all that he asked for simply so that they could get their bums in the back of the beemers. Now it is New Zealand which suffers.
We are really being unfair to Shane when we pin all the blame on him.
The loan is just under $10 million and at that level it would have to have been approved by Grant Robertson ans David Parker. What possessed them to agree?
Who appointed those obvious “babes in the woods” to positions where they have control of an enormous taxpayer funded credit card?
Surely someone is going to take responsibility for their appointment to jobs they are patently incapable of managing. Who did it?
The loan was also carefully set at just under $10 million. At $10 million it has to go to Cabinet. Perhaps someone there might have asked questions. Alternatively of course the other Cabinet Ministers wanted to be able to deny any knowledge of the deal when the shit hit the fan.
Well clearly they now wont get the money as their capital sheet problems are solved.
The decisions by ministers are ‘approval in principal’ and there would be a lot of hoops to run through, and if its was for a special processing plant change , would only be for those specific invoices as they came in.
And bank would work the same way if they were avoiding a general working capital top up.
No fact checking today allwrong
‘Cabinet has oversight of the Provincial Growth Fund, and makes decisions about investments of $20 million or more.’ kaching
Who was the babe swaddled in ignorance?-‘The loan was also carefully set at just under $10 million’
https://www.growregions.govt.nz/about-us/governance/
‘The Independent Advisory Panel (IAP) provides independent advice to Ministers about Provincial Growth Fund investment proposals.
Panel members have skills in commercial, industry, public policy, and sector-specific knowledge where relevant. They give feedback on applications for large sector projects, lend their commercial expertise to help assess business cases, and offer advice on the overall investment portfolio.’ kaching
My information was clearly out of date.
I wonder when it was changed?
The numbers I remember were from when it was set up. From a Cabinet Paper.
“In December 2017, Cabinet agreed to a set of delegations for the Fund that effectively set up three bands – Senior Regional Officials (for up to $1 million), delegated Ministers (between $1 and $10 million) and Cabinet (over $10 million).”
https://www.growregions.govt.nz/assets/content/public-information/cabinet-paper-feb-2018.pdf
That was in February 2018. I’ve never personally had anything to do with them, and if I was a politician I would keep a long, long way away from the slippery Mr Jones.
I can only assume that Shane had much greater dreams and got the limits raised to match his grandiose dreams..
Your figures still show that Grant and David went along with the Pooh-Bah from New Zealand First though.
I read a bit further into the limit setting.
When the program was first proposed Shane, and his party, wanted a limit of $20 million before it had to go to Cabinet.
Treasury, and the Labour Party, dug their heels in and insisted on $10 million.
The fact that it shortly afterward went back to $20 million illustrates, very clearly, how Tsar Winston rules the roost. As the song in the old musical “Damn Yankees” goes.
“Whatever Winston, wants Winston gets”
Labour jumped to attention and gave him whatever he required.
Why am I not surprised?
Comment from a knowledgable sharetrader…
‘ the Americans came to NZ, bought Telecom (with the ‘help’ of Fay Richwhite etc) and proceeded to extract billions of dollars out of New Zealanders and leaving behind a buggered up Telco., one which could not even deliver UFB without government intervention.
Korea rolled out its UFB in 2004. Guess when Telecom was going to roll out UFB in NZ if Helen Clark did not intervene?
Did I read a lot of outcry about the Americans buying Telecom?
Yup – exactly like how the Australians came over and bought up all our banks and then, proceeded to extract billions of dollars each year out of NZ and control the NZ economy.
Did I read a lot of outcry over the Australians?
Shall we talk about forestry and who really owns the forests planted decades ago through the sweat, tears and toil of New Zealanders?
Did I read a lot of outcry about how we now export logs and jobs overseas?
Evidently the Government sold mature forests in Northland for $0.50 per tree ?
Which forest ?
BNZ was one big ripoff how do you fuck a 150 year old bank in 2 years ?
Ask Roger Douglas ?
The BNZ was a bank where the staff were basically civil servants from the days when the state owned it who all had delusions that they were “masters of the universe”.
They would loan to anyone. They were the precursor of the elderly gentleman who tried the same thing when running SCF.
Roger Douglas didn’t do it. They managed it all on their own.
Douglas used a straw man = BNZ
If our important industries are to be government owned could they not, at least, be our own government?
yep,
indeed. I would applaud the decision.
Me too.
“In November 2018 this government lent Westland Milk Products $10 million”
It was aqn agreement to progress the building of some industrial process. I doubt the money has been transferred , as the officials work through the paperwork and Westland organised its food processing engineers to design and get a contractor to build it.
Some want to sell the whole country don’t they?
Are we good patrons for our children’s future?
I don’t think so; – as we are just sellouts when we agree to this.
The government allows the sale of a cooperative dairy company to Chinese interests for just under $600 million,a couple of hotels for over $100 million but I can’t sell them my townhouse in the city or my dairy farm for a comparative pittance. What’s going on folks?
One would hope that the 10 million is repaid upon sale with interest at market rate….and if it isnt then serious questions need to be asked