20 Jun '11, 6am

New Zealand quake costs climb

CANBERRA: New Zealand Prime Minister John Key on Monday said the bill from the devastating Christchurch earthquakes had soared to NZ$25 billion (US$20.2 billion), far more than previously thought. Earlier official estimates of rebuilding put the costs of the quakes in September and February -- the second of which claimed 181 lives -- at NZ$15 billion. The prime minister said the costs had risen, without specifying whether that was due to a third powerful tremor that hit New Zealand's second-largest city last week. "On our estimates, this is the single biggest (proportional) impact of any natural disaster on any developed economy we can find," Key told reporters during a visit to Canberra. "It is going to cost in the order of eight to nine percent of GDP, round about NZ$25 billion, so it's a very major event." The quakes were so severe that an estimated 10,000 homes will ha...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

Tweets

Emperor penguin takes wrong turn to New Zealand...

sg.news.yahoo.com 22 Jun '11, 1am

WELLINGTON, New Zealand (AP) — A young Antarctic Emperor penguin has taken a rare wrong turn and ended up stranded on a Ne...

Strong quake hits New Zealand's Christchurch

channelnewsasia.com 13 Jun '11, 2am

CHRISTCHURCH: A 5.2-magnitude earthquake hit New Zealand's quake-hit city of Christchurch on Monday, prompting the evacuat...

Australia-New Zealand flights hit by ash: SYDNE...

channelnewsasia.com 23 Jun '11, 8am

SYDNEY - Australian airlines grounded flights to and from New Zealand Thursday due to the Chilean ash cloud, although Air ...

Another quake measuring 6.0 in magnitude hits N...

channelnewsasia.com 13 Jun '11, 3am

CHRISTCHURCH: A series of strong quakes, including a 6.0-magnitude tremor, rocked New Zealand's stricken Christchurch Mond...

Flights resume as ash moves off New Zealand: SY...

channelnewsasia.com 17 Jun '11, 3am

SYDNEY: Flights between Australia and New Zealand were returning to normal Friday after an ash cloud spewed by a Chilean v...

Concerns for New Zealand's wayward penguin

channelnewsasia.com 24 Jun '11, 4am

WELLINGTON : An Emperor penguin that washed up lost on a New Zealand beach this week was taken to Wellington Zoo Friday af...

Emperor Penguin Accidentally Swims to New Zealand

Emperor Penguin Accidentally Swims to New Zealand

ecorazzi.com 22 Jun '11, 1pm

In a vast ocean, there aren’t many opportunities to ask for directions. If you’re an Emperor penguin, you’ve just got to h...

New Zealand's Electric Blue Smurf Mushrooms!

New Zealand's Electric Blue Smurf Mushrooms!

environmentalgraffiti.com 22 Jun '11, 8pm

The mushroom has been featured as one of six native fungi on stamps that came out in 2002 in New Zealand, and on the rever...

Penguin takes wrong turn, ends up on New Zealand beach

Penguin takes wrong turn, ends up on New Zealan...

straitstimes.com 22 Jun '11, 3am

In this June 20, 2011 photo released by New Zealand's Department of Conservation, an Emperor penguin walks along Peka Peka...

Japan names quake reconstruction minister

channelnewsasia.com 24 Jun '11, 10am

TOKYO: Japan's Prime Minister Naoto Kan has chosen disaster management minister Ryu Matsumoto as the minister in charge of...