All content tagged with "Economy"
Canadian methanol producer Methanex has restarted its North Taranaki plant at reduced capacity, but the impending closure of the Māui gas field still threatens a total shutdown.
New Zealand First leader Winston Peters has pledged an initial $1 billion to map the country's offshore oil and gas reserves if elected, focusing on energy security.
UK-based Sunda Energy has applied for a petroleum exploration permit off the North Taranaki coast, marking the sixth application since the offshore exploration ban was lifted.
An Australian energy firm has applied for a petroleum prospecting permit covering nearly 10,000 square kilometres of deepwater ocean off the Taranaki coast.
TSB Bank has reported a net profit before tax of $63.3 million for the year ended 31 March 2026, representing a 10% increase on the previous year.
The National Party has announced a major policy shift to make KiwiSaver contributions mandatory for all workers by 2028 and introduce automatic enrolment for newborns.
Mayor Max Brough has revealed that Kmart is reviewing local retail data and remains interested in expanding to New Plymouth, though finding a suitable central location remains a challenge.
Energy Minister Simeon Brown has confirmed that two shortlisted developers for a new $1 billion LNG import terminal at Port Taranaki are progressing to the final selection stage.
The Government will discontinue funding for Ara Ake, New Zealand's national energy innovation centre based in New Plymouth, as part of Budget 2026 reprioritisation.
Air New Zealand is reducing its schedule by cutting 15 return flights between New Plymouth, Auckland, and Wellington to manage high jet fuel costs.
NZTA has announced that State Highway 3 through Awakino Gorge will remain closed until May 2 as crews work to clear a massive slip and stabilize the hillside.
Westpac chief economist Kelly Eckhold predicts 91 octane petrol will reach $3.70 per litre due to global supply disruptions, sparking concern for Taranaki's economy.
