All-important events that garnered attention in NZ market today

Highlights

  • The whole of NZ steps into a new traffic light system from now onwards.
  • KiwiRail appoints a new chair who was earlier the MD of Westpac NZ.
  • The Gisborne music festival will now be held next year.

Let us take a look at the top developments across Kiwiland, hogging the attention of NZ residents.

NZ news, Covid-19

Source: Copyright © 2021 Kalkine Media

NZ moves into 'traffic light' system

From now, the whole of New Zealand, the North Island, has stepped into the new COVID-19 Protection Framework. Aucklanders can now go to cafes, gyms, restaurants, etc., after spending more than 100 days under lockdown.

It is noted that while Auckland, Northland, Gisborne, Rangitikei, etc., are in the red zone, the entire South Island and parts of the North Island are in the orange setting.

Interesting Read: NZ gearing up for 5,000 Delta variant cases each week

New chair appointed for KiwiRail

David McLean, who was earlier the MD of Westpac NZ, has been appointed the Chairman of KiwiRail.

His tenure as a chair would commence from January 2022 and is up till October 2024.

Do Read: KiwiRail may have to pay a NZ$250,000 fine to Auckland Transport

Sudden closure of well-known Moeraki restaurant

Fleur's Place, a famous seaside restaurant at Moeraki, has been temporarily shut down for 3 December so as to facilitate its employees in understanding new rules over compulsory vaccinations for staff.

The said move was taken as there was confusion over the rules for whether unvaccinated people in the hospitality sector could work or not under the new traffic light protection framework.

Rocket Lab reveals details of its better-designed new rocket for today's satellite market

Rocket Lab, the aerospace company, has disclosed more details of its bigger Neutron rocket, which could carry up to 8 tonnes into space and can also take both people and cargo for interplanetary missions.

Related Read: How would Rocket Lab’s (NASADQ:RKLB) new production facility enhance its business?

Owing to industrial base reasons, the rocket is set to be launched from the US.

Design work displayed for Christchurch stadium

Preliminary designs for the Christchurch stadium have been revealed by the Christchurch City Council.

The arena would have a seating capacity of 30,000 for sporting events, which could be extended to 37,800 for concerts, etc.

The said project would be completed by 30 June 2025.

Increased demand for NZ wool products raises wool prices

As per reports, prices of all wool types are rising owing to increased demand.

It is noted that Merino rose by 28.4%, and strong wool climbed by 12.1% in the year to October 2021, underpinned by a strong crossbreed space and the resurgence of demand, particularly from the Indian market.

A Quick Read: Cavalier Discloses All-Wool and Natural Fibres Strategy

Music festival of Gisborne gets postponed

The Gisborne music festival which is usually held between 28-31 December has been postponed.

The festival, which attracts nearly 30,000 people, will now be conducted during the Easter weekend of 2022.

It is noted that those who had already purchased the tickets can use their tickets for the new date or could get a refund by 16 December.

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