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Malaysia, South Korea open to investing in NZ, Prime Minister reveals

Author
Newstalk ZB,
Publish Date
Tue, 10 Sep 2024, 9:02am
Photo / Mark Mitchell
Photo / Mark Mitchell

Malaysia, South Korea open to investing in NZ, Prime Minister reveals

Author
Newstalk ZB,
Publish Date
Tue, 10 Sep 2024, 9:02am

Christopher Luxon says his visit to Malaysia and South Korea last week was a success. 

The Prime Minister says it was an important chance to build connections with investors, like South Korean pension funds. 

He told Mike Hosking that in one of their five pension funds, who he spoke to, they have $2.5 billion dollars to invest. 

Luxon says they'd love to invest it in a four-lane highway from Auckland to Whangārei, but they didn't know about it.  

He also believes the public service is getting on board with what the Government's trying to do. 

Health Minister Dr Shane Reti has stepped in to scrap a policy prioritising young Māori and Pasifika people for some healthcare services in Hawke's Bay. 

Luxon says he's not sure why they had this criteria, and says it's good to see Reti sorting it. 

He told Hosking the public service has had to adjust to a new Government, with targets, action plans, and reviews for ministers. 

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