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Artificial Intelligence – user beware Privacy and security are crucial

Artificial Intelligence (AI) has emerged as one of the most transformative and revolutionary technologies in recent history. From its humble beginnings to its widespread applications today, AI has garnered significant attention for its potential benefits as well as the inherent threats it poses. Discussions and experiments in technology date back to 1946, when Alan Turing initiated the study of computer-based...

150 years of insurance events in Hawke’s Bay

As this July marks 150 years since the founding of Hastings, we thought it would be interesting to take a journey through some of significant events in the region during this time and see how insurance played a part in them. Has much changed since 1873 and what have we learnt? Fire Hastings first major fire occurred in Heretaunga Street...

Medium density housing Hawke’s Bay

Throughout the years central government have been gradually incorporating legislation into the planning framework that has directed local authorities to consider specific areas for housing developments and incorporating these into the rule frameworks of their district plans. A key piece of legislative framework is the National Policy Statement on Urban Development (NPS-UD). The NPS-UD was released in December 2020 and...

Will local businesses profit from cyclone rebuild?

The region’s rebuild of bridges and roads is set to cost more than $1 Billion and a provide a pipeline of civil infrastructure work that could stretch out for the next decade. But what businesses will benefit? Large national and multi-national businesses have already formed alliances with Waka Kotahi while a local-centric procurement pledge (progressive procurement) by local council’s has...

Talk of town heralds redevelopment of Napier CBD

The talk of the town locally is the recent Colliers sale of two iconic office buildings in the heart of central Napier, Dalton and Vautier Houses, heralding an era of extensive redevelopment in Napier CBD and presenting exciting leasing opportunities within the city. The landmark properties, recognised as the largest office block in the Hawke’s Bay region, were acquired by...

Fingermark Triumphs as 2023 AmCham New Zealand Technology Exporter of the Year

Hawke’s Bay based technology company, Fingermark, has been named the 2023 AmCham - DHL Express Success & Innovation Awards for Technology Exporter of the Year to the Unites States. The award recognises Fingermark's exceptional achievements in the global technology export industry and its remarkable contributions to the tech sector within New Zealand. Fingermark stood out among an impressive field of...

Pro Legal

Protecting Your Assets – Why Legal Advice Matters for ‘Pre-Nup’ Agreements

A recent decision in the Napier High Court, WL v AJ [2023] NZHC 703, is a timely reminder that seeking independent legal advice is crucial for a pre-nuptial agreement (pre- nup) to be valid and enforceable. The decision also demonstrates the consequences of not getting the right advice. Understanding the Case Let’s take a look at the case involving Mr...

50 issues of The Profit

It’s taken a bit longer than expected to get to 50 issues due to COVID19 and most recently the cyclone that struck our region in February. I regard 50 issues as a significant milestone. It has taken 13 years to achieve and I recall the launch of the idea and the doubt by some that a positive regional business publication...

Business Leaders

Napier’s new chief looks to show some love – Louise Miller

New Napier City Council chief executive Louise Miller is keen to show the city by the sea a little bit of love as she settles into the role and looks to bring some stability. Louise is regarded as an experienced leader of transformational change and the timing of her arrival couldn’t have been more welcomed. The city and Hawke’s Bay...

Economic benefit for everyone … vision of new economic development agency

As Hawke’s Bay’s new economic development agency begins to take shape, the organisations chair Alasdair McLeod, has a very clear view of where it will make its most impact. The new regional development agency was announced in December 2021 with a $1.7 million annual funding commitment for three years, delivering on the existing Matariki Regional Economic Development Strategy (REDS). Alasdair...