1 Apr 2015

Business Briefs

2:40 pm on 1 April 2015

A round-up from Radio New Zealand's business reporters - Te Mahi Hou project completion expected in November; BNZ's chief is new Bankers' Association chair.

Te Mahi Hou project completion expected in November

Refining New Zealand said its Te Mahi Hou project is expected to be completed in early-to mid-November, about a month earlier than scheduled.

It said the aging petrol manufacturing unit was being replaced with a modern unit at the Marsden Point refinery.

The project is expected to cost $365 million.

BNZ's chief is new Bankers' Association chair

The Bank of New Zealand's chief executive is the new chair of the Bankers' Association.

Anthony Healy takes on the role from today.

Meanwhile, the ANZ bank chief executive, David Hisco, has been elected deputy chair.

The food business Burger Fuel said it was opening new a restaurant in Kuwait today.

The restaurant is part of Miral, a new food complex.

Burger Fuel said it now had two outlets in Kuwait, with other businesses in the United Arab Emirates, Saudi Arabia, Egypt, as well as New Zealand and Australia.