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Episode Transcript
Good afternoon. I'm Raylen Ramsay. This is your afternoon news
fixed for Wednesday, the twenty sixth of November. Today's official
cash rate cut may be the last in the current cycle.
The Reserve banks trimmed it another twenty five basis points today,
bringing it to two point two five percent. It's the
lowest it's been since July of twenty twenty two, and
(00:26):
four cast projections suggest further cuts are unlikely. Governor Christian
Hawksby says the ocr's now below neutral and is stimulating
economic growth. We now have the official cash rate at
two point twenty five percent, which is south of that
range and one where we do think it's supportive and stimulatory.
The government's giving defense infrastructure a cash injection, revealing seventy
(00:50):
percent won't last more than another twenty years. Across the
next four years, two point five billions being pumped into
age defense infrastructure, and over the next three three and
a half decades, four billion we'll go into upgrading Devenport's
Navy base in Auckland. Associate Defense Minister Chris Penk says
without investment, facilities could close. I would be embarrassed if
(01:12):
we didn't sort it now that we've got the opportunity,
We've got the social license, we've got the funding.
Speaker 2 (01:16):
We've got the plan.
Speaker 1 (01:18):
Police are investigating a man being found this afternoon with
serious injuries near a mall in Henderson in West Auckland.
Polisa hunting a person who fled Edzill Street where the
man was found about two forty Anyone with information should
give police a call. On ten to five, police have
acknowledged the life sentence handed to a woman who murdered
(01:39):
her small daughter and son and hid their bodies and suitcases.
Ha Yung Lee killed eight year old Yuna and six
year old Menu in twenty eighteen. Their bodies were found
four years later, abandoned in a storage unit. Emily Ancel reports.
Speaker 2 (01:56):
There's been sentenced today in the High Court at Auckland
to life in prison with a minimum seventeen years non parole.
Police say they worked diligently on the challenging investigation to
deliver justice for the young children, who'd be sixteen and
thirteen years old today.
Speaker 1 (02:12):
A multi billion dollar project to tunnel for gold and
silver under Dock Administered land has provisional approval. Business Desk
reports the Oceania gold project hopes to extract one point
five million ounces of gold from underneath corimand or Forest Park.
Objections have centered on the risk to the critically endangered
archies Frogs. Oceania Gold claims the project will create several
(02:36):
hundred jobs and mean two billion dollars will be spent
in New Zealand. Mining opponents Corimandal Watchdog claim those benefits
are overstated. The governments picked christ Church City Council to
be the single authority for new supermarket consents. The Finance
Minister says the service will encourage competition in a market
(02:56):
dominated by foodstuffs and wall wars. Instead of individual council
signing off building consents, christ Church solely manage new brands
entering the country. Nikola Willis says, same rules, same process,
but a one stop shop.
Speaker 2 (03:11):
We'll take some of the fath out because if you
want to open a competitive new supermarket in New Zealand,
we want you. The welcome mat is being rolled.
Speaker 1 (03:19):
Out two Sport Tall Blacks Basketball Center. Sam Meninge is
confident of matching world number six Australia in the twenty
twenty seven World Cup qualifying home away series starting on Friday.
The excitement of shifting to Australia and footing it with
the world's best netboarders week in week out is keeping
(03:39):
Silver Fans captain Curenberger upbeat after an exhausting year, and
defender MICHAELA. Moore believes a quick turnaround from a testing
North American tour is an asset for the Football Ferns
ahead of their first crack at Australia in Gosford on
Friday night. That's your latest news fix. We'll be back
with the next update tomorrow morning from the News Talks
(04:00):
Zibe news room. Mm hmm.
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