Articles tagged with Commercial

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New Proposals Seek Feedback to Protect Hoiho from Commercial Fishing Risks

Oceans and Fisheries Minister Shane Jones is seeking public feedback on proposals to reduce commercial fishing risks to the northern hoiho (yellow-eyed penguin) population, following an emergency three-month set-net fishing closure around Otago Peninsula. Proposed measures include extending the closure long-term, banning set-netting between Karitāne and Hampden, and implementing a Fishing-Related Mortality Limit with an escalating response framework to minimize bycatch. The consultation, open until 12 December 2025, aims to balance hoiho conservation with the interests of commercial fishers and other stakeholders.

New Zealand IP Policy Empowers Researchers for Commercial Success

New national intellectual property policy in New Zealand aims to give researchers more control over inventions and enhance opportunities for commercial success. The policy allows university researchers to have the first right to commercialize their inventions independently or with university support, with capped equity stakes for universities in spin-out companies. The goal is to incentivize researchers, foster innovation, and streamline IP management to facilitate faster commercialization and economic growth.

Fast-track Approval for $1.45B Drury Metropolitan Centre Development in Auckland

Infrastructure Minister Chris Bishop has welcomed the Fast-track approval of the Drury Metropolitan Centre development project in Auckland, projected to inject over $1.45 billion into the economy and create 3,420 full-time jobs. The project includes residential, commercial, and community spaces, with significant government investments in infrastructure like new train stations and road upgrades in the area. The Fast-track process aims to address infrastructure deficits, boost housing supply, create jobs, and improve the efficiency of project approvals through the Fast-track Approvals Amendment Bill.

Andrew Szusterman Appointed to RNZ Board of Governors

Andrew Szusterman has been appointed to the Radio New Zealand Board of Governors by Minister for Media and Communications Paul Goldsmith. Szusterman, an experienced media executive, has worked in television, commercial radio, and digital platforms in New Zealand and abroad. His expertise in audience engagement and understanding of the evolving media landscape will be valuable as RNZ faces challenges in public broadcasting and adjusts to changing audience behaviors. Szusterman will officially join the Board on October 1st.

New Zealand and Saudi Arabia Forge $100 Million Trade Partnerships

Minister Todd McClay announced five new commercial partnerships between New Zealand and Saudi Arabian companies during a Trade and Investment mission in Riyadh, expecting over $100 million in commercial value. The partnerships aim to deepen trade relations, boost exports, and align with Saudi Arabia's Vision 2030 for premium solutions. Examples include collaborations in nutrition products, fruit production, animal management, and creative industries like design and construction.

Regional Infrastructure Fund Boosts Horticulture Expansion in Hawke’s Bay and Tairāwhiti

The Regional Infrastructure Fund is providing $24.62 million to boost horticulture expansion in Hawke’s Bay and Tairāwhiti through water storage, flood resilience, and Māori land projects, aiming to enhance regional economies, employment, and export growth while improving resilience to economic shocks and extreme weather events. Specific projects include establishing high-value horticulture on Māori land in Tairāwhiti, expanding water storage capacity in Hawke’s Bay, replenishing the Makauri aquifer in Tairāwhiti, and developing water storage infrastructure for pipfruit orchards. These investments aim to strengthen regional resilience and productivity, with a focus on supporting the regions' economic growth and success.

Marlborough Sounds Blue Cod Seasonal Closure Extended for Sustainability

Oceans and Fisheries Minister Shane Jones has announced an extended seasonal closure for blue cod in the Marlborough Sounds, aiming to reduce fishing pressure and support sustainability. Commercial catch limits for the fish stock were reduced in 2022 due to concerns about high fishing pressure impacting the fishery. An advisory group has been established to provide expertise on improving the health of the blue cod population, with further exploration of factors affecting the fishery planned for the future.

Whanganui Airport Invests in Safety and Connectivity Boost

The Government will invest $3.35 million in Whanganui Airport to build a new sealed parallel taxiway, enhancing safety and regional connectivity. This investment aims to address safety concerns by reducing the risk of collisions and aircraft congestion, making flying safer for pilots and passengers. The taxpayer-funded project, supported by local MP Carl Bates, will improve resilience, support economic growth, and benefit the region's aviation industry and community.