Do you know about - Daily Briefing, Tuesday March 04, 2008
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Daily Briefing, Tuesday March 04, 2008 Video Clips. Duration : 4.25 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Today Mortgage Rates . Intro Hello. I'm Bernard Hickey with the daily briefing from interest.co.nz... Today, we'll look at the government's decision to ban foreign investment in strategic assets on sensitive land, and what that might mean for interest rates over the long term, We'll check out the latest survey on customer satisfaction for the banks and find out who are the winners and losers, And we'll update you on some astonishing numbers on just how much money is flooding into New Zealand from Belgian dentists and Japanese housewives. Auckland Airport But firstly, we look at the government's announcement that it will ban foreign investment in so-called strategic assets on so-called sensitive land. This rule was specifically created last night in an awful hurry to block the sale of Auckland airport to the Canadian Pension Fund. Essentially, the government has changed the fundamental rules of the game right near the final whistle. Foreign investors will look at this sort of government policy making and shudder. This will discourage many foreign investors and opens up a pandora's box for this and future governments. Just what is a strategic asset? What is sensitive land? Should we block any sale of Fletcher Building because it builds most public and private infrastructure? Should we buy back Contact and its key power stations? Is land in high country south island sensitive and strategic. Do we like the look of Shania Twain and is she a threat to our national infrastructure. So what would happen ...
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