https://www.rnz.co.nz/assets/news_crops/5510/eight_col_GENISIS_16x10a.jpg?1444248141 Stronger margins and lower generating costs have boosted Genesis Energy’s half year profit. Genesis Energy’s Huntly Power Station. Photo: Genesis Energy The company’s bottom line profit rose nearly six-fold to $52.7 million, compared with $9.2m a year ago. Stripping out one off costs, the company’s underlying profit was up by just under a third to $217m. Its revenue improved by more than 6 percent to $1.4 billion, as margins grew in its retail business and lower costs in its wholesale arm. “Our retail business has delivered improved efficiencies without compromising on our vision to be ‘customer’s first choice for energy management,” Genesis chief executive Marc England said. “The wholesale segment experienced low hydro inflows and a volatile gas market, affecting electricity supply and prices.” England said the Huntly power station was supporting the market in anticipation of a dry year, but the high fuel costs that dented its bottom ...

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Neil Angus MP attendance at 73rd Anniversary of the Independence of Sri Lanka yesterday – Consulate General of Sri Lanka Melbourne In recognition of the 73rd Anniversary of the Independence of Sri Lanka yesterday, Neil Angus MP was delighted to join the Sri Lankan Consul General to Victoria, South Australia and Tasmania, Mr Kapila Fonseka at the Consulate General of Sri Lanka Melbourne to celebrate this important occasion.  As the Victorian Shadow Minister for Citizenship and Multicultural Affairs, Neil Angus MP was pleased to represent Victorian Liberal Leader – Michael O’Brien MP at this event. The post Neil Angus MP attendance at 73rd Anniversary of the Independence of Sri Lanka yesterday – Consulate General of Sri Lanka Melbourne appeared first on eLanka. Source link ...

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https://www.beehive.govt.nz/sites/default/files/2017-11/beehive-red-og_0.png Government announces list of life-shortening conditions guaranteeing early KiwiSaver access The Government changed the KiwiSaver rules in 2019 so people with life-shortening congenital conditions can withdraw their savings early The four conditions guaranteed early access are – down syndrome, cerebral palsy, Huntington’s disease and fetal alcohol spectrum disorder An alternative withdrawal process is also in place for those with other congenital life-shortening conditions “The Government has today announced the list of life-shortening congenital conditions that will guarantee early withdrawal under a new KiwiSaver category created last year,” Commerce and Consumer Affairs Minister David Clark said. The list of life-shortened congenital conditions approved under the new KiwiSaver withdrawal category are: Down syndrome Cerebral palsy Huntington’s disease Fetal alcohol spectrum disorder “People with these conditions are automatically entitled to apply to withdraw from their fund at a time that is right for them to retire, rather than once they turn 65. ...

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https://www.rnz.co.nz/assets/news_crops/118004/eight_col_thumbnail_image6.jpg?1614126944 The government is being urged to consider vaccinating South Aucklanders first when the community rollout starts. A banner at a Covid-19 testing centre in Ōtara. Photo: RNZ / Simon Rogers Papatoetoe and its surrounding suburbs are grappling with the current Covid outbreak – and the south is disproportionately hit by Auckland’s large August cluster. Under phase one of its vaccination plan, the government is prioritising all border workers and their families. Pasifika Medical Association chief executive Debbie Sorensen said when rollout goes wider, consideration should be given to putting South Auckland near the top of the queue. Debbie Sorensen Photo: Alex Perrottet / RNZ The area’s many border connections put it on the Covid front line. “Our border is not in Remuera or the North Shore, the border is in South Auckland. The airport is based in Māngere and, of course, a high number of people that are working ...

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https://www.rnz.co.nz/assets/news_crops/107667/eight_col_Economy_Closed_4F0A4401.jpg?1597782456 New Zealand businesses have already received more than $6,580,000 under the government’s latest Covid-19 support scheme. Photo: RNZ / Claire Eastham-Farrelly The Resurgence Support Payment was only made available to employers on Tuesday this week. The cash was paid out to more than 2500 firms in less than two days. The scheme intends to boost businesses that suffer when there is an increase in alert levels. It provides each eligible business $1500, plus $400 per staff member for up to a total of 50 full-time employees. Blake Loveridge is the owner and executive chef of the Food Truck Garage in Auckland. He’s just applied for the scheme, and says it’ll provide some much needed support: “The scheme offers us some immediate cash back in the bank after a tough couple of weeks. Level 3, obviously there’s not much you can do in hospitality when everyone’s at home,” he said. ...

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https://www.elanka.com.au/wp-content/uploads/2021/02/Being-Teachers-e1614100554556.jpg Two applicants who were being interviewed for a position of teacher in a prestigious school, asked the same question from the interview panel. Both applicants, who were highly experienced in their previous schools, asked ‘How are the students in this school?’ The wise old Principal who was heading the panel asked a counter question from each. ‘How were the students in your previous school?’ The first one said ‘They were horrible. No respect for teachers. No love for education. Just a set of good for nothings and that is why I left the school’. The Principal said, ‘O! The students here are the same’. The second applicant said ‘The students were adorable. They were cultured, disciplined and eager to learn. It is only due to circumstances beyond my control that I had to leave the school’. The Principal said ‘Ah! The students here are the same’. WHAT YOU LOOK ...

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https://www.rnz.co.nz/assets/news/217469/eight_col_Franz_edited.jpg?1575791578 Businesses near Franz Josef and Fox glaciers have issued a plea for government support after a recent survey found widespread job losses and many people abandoning struggling communities. Franz Josef is one of the areas hit hard by the border closure. File photo Photo: RNZ / Conan Young The new Covid-19 impact survey of 103 Glacier Country businesses found 16 had closed, roughly 62 percent of jobs have been lost, most are operating at 20 percent of their normal capacity on average and at least a quarter of the population have left. The findings have been sent to Tourism Minister Stuart Nash along with a nearly $35 million wishlist to help the communities stay afloat. Without support, communities say their future looks grim. Businesses are adamant they don’t want a government handout, but they may not be around without some help. Scenic Hotels West Coast general manager Alexander Tschampel ...

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https://www.rnz.co.nz/assets/news/232797/eight_col_200605_SPARK-CHCH_01-cut.jpg?1591335796 Spark’s bottom line has been hit by closed borders and a fall in net migration. Photo: RNZ / Nate McKinnon The telecommunications company’s net profit for the six months to December fell 11.4 percent to $148 million as depreciation costs increased by $29m. Revenue eased over the period by 1.5 percent to $1.8 billion because Covid-19 border closures had cut demand for both its high earning mobile roaming plans and broadband connections from migrants. “With borders closed for the foreseeable future we have had to adapt at pace to the ongoing loss of mobile roaming revenues and lower growth broadband and prepaid markets,” Spark chair Justine Smyth said. The company had also recorded a $41m fall in revenue from its legacy fixed-line voice business, about half of which was related to one-off costs associated with refunding historical wire maintenance charges to customers. Spark chief executive Jolie Hodson said the ...

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https://www.elanka.com.au/wp-content/uploads/2021/02/whale.jpg Source:Island Shipping lanes to the south of Dondra pose the threat of ships colliding with whales as the area has very rich marine life which also attracts whale watching boats, says prolific wildlife writer and photographer Gehan de Silva Wijeyeratne, author of the recently published ‘A Naturalist’s Guide to the Mammals of Sri Lanka’. He says international shipping industry organizations have written to the government to push back the existing shipping lanes and if no action is initiated, there is the danger of whale watching boats colliding with vessels. Dr. Susannah Calderon and her colleagues at the University of Ruhuna have recommended the shipping lanes be moved 15 nautical miles south. The cost impact to all concerned will be negligible, but it significantly improves safety at sea, especially at night when the sea is dotted with the lamps from hundreds of small fishing crafts in the path of giant container ...

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https://www.rnz.co.nz/assets/news/162981/eight_col__DSC9745.JPG?1535692726 Millions of dollars in pokie proceeds is sitting in the bank and not being distributed as community grants, due to legal changes pushed through because of the pandemic. File photo. Photo: RNZ Pacific/ Indira Stewart Organisations that collect the revenue must pay out at least 40 percent, but that threshold was scrapped by the government in July for two financial years. The groups were also allowed to boost their reserves, to 1.5 times their liabilities, something they were not previously allowed to do. For the year ended September one of the country’s largest grant distributors, Pub Charity, paid out 30 percent of its revenue while increasing its cash reserves to $13.3 million – up from last year’s $5m. But, its chief executive Martin Cheer said that amount included about $10m worth of liabilities – including grants that had been promised but not yet been paid. He said the surplus ...

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