Investors in the collapsed Victoria Property Fund have been told the debt called in by listed finance provider Heartland is escalating towards $9 million, with daily penalty interest rates accruing.
Members of the Dunedin City Council have been challenged by the Otago Chamber of Commerce to be more supportive of oil and gas exploration projects, given the potential for an employment boost and provision of services.
The New Zealand Law Society's fidelity fund may be of assistance to clients who loaned Dunedin lawyer John Milne money, for which he is to face charges.
Dunedin-based film-maker NHNZ booked a roughly three-fold profit increase to $3.1 million in its full year to June 2011, underpinned by programme sales and licensing revenue up almost $6 million.
Philippine foreign service diplomats are visiting Otago for four days to promote collaborative partnerships between businesses.
A new ultra deep-water drill ship could be drilling exploratory bores in both the Canterbury Basin and Great South Basin in summer next year, on a cost-share basis between oil giants Anadarko and Shell.
West Coast coal mine developer Bathurst Resources continues to pour millions of dollars into its infrastructure projects while preparing for court challenges, which have delayed the project by at least six months.
Port Otago may yet be able to claw back the handling of some of tens of thousands of containers it lost when global shipping giant Maersk quit a transtasman route in May last year.
Oceana Gold has posted a more than 80% slump in after-tax profit for the quarter to June, declining from $US4.14 million ($NZ5.16 million) a year ago to $US735,000 ($NZ917,000), as softening global spot gold prices offset gains elsewhere.
New Zealand seabed phosphate explorer Chatham Rock Phosphate has sold an almost 20% stake in the listed company to one of the world's largest dredging concerns for $3.5 million.
The fortunes of Otago's nine multimillionaire individuals or families are down slightly on last year's $1 billion total value and are now collectively worth $924 million.
West Coast coal mine developer Bathurst Resources has secured future growth at its Southland mine near Nightcaps with the $14 million purchase of an adjoining farm.
Two Octagon bars in Dunedin are undergoing a more than $500,000 redevelopment as two former "hole in the wall" bars are combined into one and a new licensed premises opens in lower Stuart St.
A Dunedin hairdressing salon has been placed in voluntary liquidation, owing almost $150,000 to creditors, but the value of its assets is yet to be determined.
Allegations over taking loans from clients, against Dunedin lawyer John Milne, are likely to be heard by the New Zealand Lawyers and Conveyancers Disciplinary Tribunal within the next two to three months.
Complaints against Dunedin lawyer John Milne over borrowing clients' money have been referred to the Serious Fraud Office, Dunedin lawyer David More said yesterday.
Exporters are being warned of an escalation in container transport costs, as the charges of both road companies and one major shipping line are set to rise from next month.
About 150 mainly Dunedin-based investors caught up in the failed Victoria Property Fund may have lost between $5 million to $8 million in total, it can finally be revealed.
West Coast development coal miner Bathurst Resources yesterday lost a bid to hasten to the Court of Appeal a challenge to an earlier climate change declaration which initially went in its favour.
The complaints laid to the New Zealand Law Society against former Dunedin lawyer John Milne may be dealt with within two months.
