Business networking
Blair Keenan
Economist Blair Keenan will set the scene for Raahui Pookeka/Huntly businesses at a free workforce development opportunity function at the Huntly Power Station on July 18. The event will involve service providers who are connected to the community who will discuss what is and is not working in local workforce development. Waikato District Council is taking registrations for the event.
Debt to income
The Reserve Bank’s new debt-to-income (DTI) ratios which came in this month capped borrowing at six times household income (for owner occupiers) to curb excessive debt and enhance financial stability. For property investors, borrowing is capped at seven times their income.
Rayner moves
Richard Rayner
Former Fosters Group chief executive Richard Rayner has moved from Company X in Hamilton to become the new chief of Christchurch-based fleet safety provider Fleetcoach.
Garden date
Hamilton Gardens’ visitor centre is on target for a September opening, when paid entry to the 18 enclosed gardens will be introduced.
Ellison on board
Shane Ellison
Waipā Networks has announced the appointment of Shane Ellison (Ngāi Tahu, Te Atiawa, Ngāti Mutunga, and Ngāti Ruanui) as its new board director.
Hotel work
Major hotel work has been announced for the Hamilton central business district including a $120 million development by the Templeton Group on the river side of Victoria St south to add a 4.5 star hotel, while work nearby across the road at Centreplace and the central city’s tallest building will add a 191 room hotel there to open in 2026. Work is also continuing on a new boutique hotel in central Cambridge to open later this year.
