Best of Business

Dean Kimpton: new Auckland Transport CEO plans to lift public transport use by 20 percent in the next year

11 Apr 2023

Contributed by Lukas

Auckland Transport's new CEO wants services back to pre-Covid levels. Dean Kimpton wants to lift public transport usage by 20 percent in the next year...

Alistair MacGibbon: CyberCX Chief Strategy Officer warns of increasing risk of cyber attacks targeting healthcare

10 Apr 2023

Contributed by Lukas

A cyber security firm is warning of an increasing risk of cyber attacks targeting healthcare. A CyberCX report shows it's in the top five most targete...

Carmen Doran: Helius Therapeutics CEO on becoming first fully certified medicinal cannabis flower company in NZ

10 Apr 2023

Contributed by Lukas

Helius Therapeutics is now certified to dry and finish medicinal cannabis flowers. Now the only fully certified company in the country, patients can r...

John Tookey: AUT Construction Management professor on Auckland-based Scarbro Construction entering liquidation

06 Apr 2023

Contributed by Lukas

Auckland-based Scarbro Construction has today declared insolvency and called in liquidators. The building company has stopped work on five active cons...

Liam Dann: NZ Herald business editor on the unexpected increase to the OCR

06 Apr 2023

Contributed by Lukas

The Reserve Bank hiked up the OCR higher than expected- and it shocked a lot of experts. The Official Cash Rate went up 50 basis points to 5.25 percen...

Mike's Minute: The OCR rise clearly shows our economy is failing

05 Apr 2023

Contributed by Lukas

So here's the first realisation that we face out of the Reserve Bank's 50 basis point rise - it was 50 points. It proves, yet again, no one seems to r...

Steven Joyce: Former Minister of Finance comments on how our economy will fare following OCR hike

05 Apr 2023

Contributed by Lukas

Yesterday's 50 basis point rise of the OCR by the Reserve Bank puts us at 5.25%. It is now the 11th successive hike and is the highest level since Dec...

Tim Dower: Latest OCR rise further proves the economy will be a major election issue

05 Apr 2023

Contributed by Lukas

Another half-percent on the OCR, which was harsher than most pundits had predicted and takes the cash rate to 5.25 percent. 11 hikes in a row now, yet...

Craig Renney: Trade Unions economist would like to see OCR increases paused, so people can get used to it

05 Apr 2023

Contributed by Lukas

A claim has come that the Official Cash Rate increase will continue to hit pockets and stretch incomes The Reserve Bank has shocked many by hiking the...

Dr René de Monchy: Tourism NZ CEO weighs in on potential public-private partnership for the future of tourism

05 Apr 2023

Contributed by Lukas

Yesterday, Former head of Tourism Industry Aotearoa and current managing director of tourism research agency Angus and Associates Chris Roberts joined...

Steve Jurkovich: Kiwibank CEO says unexpected Official Cash Rate hike will knock business confidence

05 Apr 2023

Contributed by Lukas

Tough times are expected to follow the Official Cash rate hike, which caught many by surprise. The Reserve Bank increased the OCR by 50 basis points t...

Charlie Reynolds: Federated Farmers say some farmers feel like the Govt has abandoned them two months after Cyclone Gabrielle

05 Apr 2023

Contributed by Lukas

Federated Farmers say some farmers feel like the Government has abandoned them two months after Cyclone Gabrielle. An additional $23-million has been ...

Andrew Kelleher: JMI Wealth Director says the Government needs to acknowledge its contribution to inflation

05 Apr 2023

Contributed by Lukas

Persistent inflation has failed to be dampened down by consistent Official Cash Rate increases. The Reserve Bank has hiked it by 50 basis points to 5....

Jacqueline Rowarth: Dairy NZ director says targeted payments are the best solution to help farmers affected by Cyclone Gabrielle

05 Apr 2023

Contributed by Lukas

Dairy NZ says targeted payments are the best solution to help farmers affected by Cyclone Gabrielle. The Government has approved an additional $23 mil...

Irene Gardiner: SPDA President on Netflix series 'Sweet Tooth' bringing $66m and 1180 jobs to New Zealand

04 Apr 2023

Contributed by Lukas

The New Zealand-filmed Netflix series Sweet Tooth generated $66 million for our GDP. And with Kiwi's making up 95 percent of crew and 80 percent of ca...

Michael Gordon: Economist predicts another hike of the OCR by the Reserve Bank today

04 Apr 2023

Contributed by Lukas

Economists are expecting another hike of the OCR by the Reserve Bank today. Most are picking a 25 basis point rise taking it to 5 percent, this would ...

Chris Roberts: Tourism expert discusses whether a public-private partnership could be the key to survival of tourism

04 Apr 2023

Contributed by Lukas

Could a public-private partnership be the key to survival of tourism? Tourism experts are calling the sector to break away from the high-volume model ...

Sharon Zollner: Economist predicts OCR could rise to 5 percent, highest since December 2008

04 Apr 2023

Contributed by Lukas

Another hike is expected for the Official Cash Rate this afternoon. Most economists think the Reserve Bank will be slightly more conservative, with a ...

Pattrick Smellie: BusinessDesk managing editor on TVNZ CEO Simon Power stepping down

04 Apr 2023

Contributed by Lukas

TVNZ's CEO Simon Power is stepping down after 15 months in the role. He will leave the company on June 30th, and says it's "been a privilege" to lead ...

Greg Smith: Devon Funds Head of Retail on Australian retailer EziBuy being put into administration

04 Apr 2023

Contributed by Lukas

Bad news for clothing and homewares retailer EziBuy. The company has been put into administration by its Australian owners - which is likely to be the...

Chris Hipkins: Prime Minister says legitimate concerns have been raised about lobbyists access to MPs

03 Apr 2023

Contributed by Lukas

The Prime Minister says legitimate concerns have been raised about lobbyists' access to MPs. Private-sector and union reps are losing swipe-card acces...

Julia Jones: Dairy sector expert on Fonterra reducing forecast payout to farmers despite record profits

03 Apr 2023

Contributed by Lukas

Fonterra's revised forecast for the 2022/23 shows a worrying outlook for the dairy industry. The milk giant has revised down its farmgate price to bet...

Holly Bennett: Lobbyist says it's not particularly difficult to get access to a Minister

03 Apr 2023

Contributed by Lukas

A belief the Government's moves to ensure transparency within the lobbying sector is perfunctory. The Prime Minister's giving support to third-party l...

Tim Mackle: Dairy NZ chief executive on Fonterra reducing its season forecast milk payment to farmers

03 Apr 2023

Contributed by Lukas

Since the news of Fonterra recording a 50 percent increase in record profits, it has now cut its season forecast milk payment to farmers. The forecast...

Jason Paris: One NZ CEO on the new rebrand and partnership with Starlink

03 Apr 2023

Contributed by Lukas

The company formerly known as Vodafone celebrated their first day of trading as One NZ. To mark the occasion, One NZ has also unveiled details of a ne...

Keeley Anderson: Queenstown real estate agent on the tourism town's rental crisis

30 Mar 2023

Contributed by Lukas

Queenstown renters are so desperate for housing they're asking real estate agents to rent out empty houses on the market. Tall Poppy Real Estate Queen...

John Tookey: Construction professor says between a bridge and tunnel Waitematā crossing, bridge is a bit easier

30 Mar 2023

Contributed by Lukas

A construction expert believes the second Auckland Harbour crossing will become a political football. The Government has brought forward construction ...

Julie White: Hospitality NZ CEO discusses the impact of minimum wage increase on businesses

30 Mar 2023

Contributed by Lukas

The cost of living crisis has hit many New Zealanders hard, but some help is on the way. From the beginning of April, increases to the pension, benefi...

Rick Herd: Construction boss says Auckland harbour crossing is a political announcement, PM wanted good news to share

30 Mar 2023

Contributed by Lukas

A construction boss says the second Auckland Harbour crossing must be cost effective and a long-term solution. The Government has brought forward cons...

Liam Dann: NZ Herald business editor on job cuts and labour shortages happening at the same time

30 Mar 2023

Contributed by Lukas

Several organisations have announced significant job cuts- yet the labour shortage is still alive and well.  Warehouse, Xero, Sky TV, MediaWorks and ...

Simon Bridges: Auckland Business Chamber CEO says now is the time for action on second Auckland harbour crossing

29 Mar 2023

Contributed by Lukas

The Government is about to unveil five new options for a second Waitemata Harbour crossing. The Government has announced it's bringing forward constru...

Graeme Tregidga: NZ King Salmon Acting CEO on their full-year profit following changes to their farming model

29 Mar 2023

Contributed by Lukas

New Zealand King Salmon's profits are going swimmingly after posting their first full-year profit in three years. The company has taken a number of me...

Phil O'Reilly: Business expert says the pandemic may have played a part in the soaring labour productivity in New Zealand

29 Mar 2023

Contributed by Lukas

The pandemic may have played a part in what seems to be soaring labour productivity in New Zealand. Stats NZ data shows in the year ended March 2022, ...

Mike's Minute: What is the point of Commerce Commission reports?

28 Mar 2023

Contributed by Lukas

There's a small sense of satisfaction for me as the second quarterly monitoring report from the Commerce Commission came out on the petrol industry. D...

Kate Tulp: Service expert on Kiwis spending nearly 20 million hours waiting for customer services in 2022

28 Mar 2023

Contributed by Lukas

In 2022, Kiwis spent almost 20 million hours waiting for customer services. With 19.7 million people contacting customer services, that equates to an ...

Kirk Hope: BusinessNZ Planning Forecast suggests the country is on track for a mild recession

28 Mar 2023

Contributed by Lukas

New Zealand appears to be edging closer to a recession, with some regions faster than others. BusinessNZ's latest Planning Forecast suggests the count...

Brent Lynn: Hawke's Bay Wine Growers say they are bouncing back and open for business

28 Mar 2023

Contributed by Lukas

A message to wine lovers; Hawke's Bay vineyards are bouncing back and open for business. Images of devastated wineries were widely circulated followin...

Eric Crampton: Economist says people have been moving to different ministries to get a pay increase, denigrating expertise

28 Mar 2023

Contributed by Lukas

Public servants jumping roles may have melted the Government's pay freeze. The policy that was introduced for high-paid public servants during the Cov...

Cameron Bagrie: independent economist suggests moving the financial goalposts to fight inflation

28 Mar 2023

Contributed by Lukas

An independent economist suggests moving the financial goalposts may help get inflation back on track. The current inflation target is between 1 and 3...

Brad Olsen: Economist on 60 percent of households will need to refinance their mortgages in the next year

27 Mar 2023

Contributed by Lukas

Over the next year or so around 60 percent of households will need to refinance their mortgages at higher rates. With 50 percent of the value of exist...

Ellen Dixon: Students advocate says student debt isn't talked about enough

27 Mar 2023

Contributed by Lukas

Students are calling for more education around the impact of student debt. Student loan living costs have increased by more than $100 a week over the ...

Ben Stewart: Jarden Global Equity Analyst on what ChatGPT will do to the workforce by 2030

27 Mar 2023

Contributed by Lukas

There are growing concerns ChatGPT is coming for white-collar jobs.  A global equity analyst has warned ChatGPT will take up one third of office role...

Fran O'Sullivan: NZME business commentator on Foreign Minister Nanaia Mahuta returning from China

27 Mar 2023

Contributed by Lukas

Foreign Minister Nanaia Mahuta has returned from her visit to China. Nanaia Mahuta used her meeting with China's foreign minister to raise concerns ab...

Graeme Muller: NZTech CEO discusses Amazon Group's Web Services deal with Govt to advance NZ's digital transformation

23 Mar 2023

Contributed by Lukas

Amazon Group's Web Services have signed a deal with the Government to supposedly advance our digital transformation. This includes the public service'...

Jodie Burnard: Flight Centre GM of Marketing says increasing airfares are pushing Gen Z, Millennials towards cruise ships

23 Mar 2023

Contributed by Lukas

A wave of Gen Zs and Millennials are setting their sights on cruise ships for their holiday of choice. Flight Centre says bookings for 18 to 30 year o...

Liam Dann: NZ Herald business editor on Reserve Bank chief economist warning increasing wages to counter inflation will make recession worse

23 Mar 2023

Contributed by Lukas

Chief economist Paul Conway has issued a warning as the Reserve Bank works to curb inflation. Paul Conway says New Zealand is at risk of a deeper rece...

Kelvin Davidson: Property expert on biggest housing sales slump in nearly 40 years

22 Mar 2023

Contributed by Lukas

From RNZ The housing market has gone quiet, triggering the biggest sales slump in nearly 40 years. CoreLogic NZ’s new Housing Chart Pack indicated ...

Diego Traglia: Real estate agent says now is a good time to buy a house with 25% drop in prices in two years

22 Mar 2023

Contributed by Lukas

There are currently favourable conditions for buyers in the housing market. CoreLogic figures show close to 61,000 properties were sold in the year to...

John Carnegie: Energy Resources Aotearoa says new report aims to inform debate around the role of gas in low-carbon future

21 Mar 2023

Contributed by Lukas

There's hope the Government will take note of a report warning a move from natural gas too early could be costly. A report by major energy and gas pla...

Len Houwers: Major Gas Users' spokesperson says hasty transition to renewable energy could create $7 billion in additional energy costs

21 Mar 2023

Contributed by Lukas

Warnings a hasty transition to renewable energy could be costly to New Zealand. Research commissioned by the energy sector, is recommending natural ga...

Lindsay Mitchell: Researcher says the Government shouldn't be taking credit for declining Jobseeker levels

21 Mar 2023

Contributed by Lukas

A welfare commenter claims the government shouldn't be taking credit for declining Jobseeker levels. Data from Social Development, comparing June 2020...

Murray Edridge: City Missioner says the cost of living continues to bite, even though more people are working

21 Mar 2023

Contributed by Lukas

Claims the cost of living continues to bite, even though more people are working. Ministry of Social Development data shows almost 25,000 fewer people...

Chris Wilkie: Otis co founder on New Zealand getting its first dedicated plant based milk facility

21 Mar 2023

Contributed by Lukas

Oat milk production is set to return to New Zealand shores. New Zealand firm Free Flow Manufacturing is establishing the country's first plant-based m...

Paul Bloxham: HSBC chief economist on New Zealand and Australia's Reserve Banks potentially pausing OCR hikes amid banking collapses

21 Mar 2023

Contributed by Lukas

New Zealand and Australia's Reserve Banks may be pausing the OCR hikes following recent financial meltdowns.  The collapse of Silicon Valley Bank and...

Pattrick Smellie: BusinessDesk managing editor on the Te Pūkenga budget bid being published online with no redactions

21 Mar 2023

Contributed by Lukas

More public embarrassment for polytech merger Te Pūkenga today after a budget bid was accidentally published online. The budget bid had no redaction...

Andrew Kelleher: JMI Wealth Director says Credit Suisse raises an important question of what might happen in similar situations

20 Mar 2023

Contributed by Lukas

Concerns among Credit Suisse shareholders in the wake of its purchase by main rival UBS. The $3.2-billion purchase has been driven by regulators, but ...

Rohan McCloskey: GoGenerosity CEO on world's first pay it forward Shopify app hitting the market

20 Mar 2023

Contributed by Lukas

The world's first pay it forward Shopify app has just hit the market. The app connects with a business’ Shopify sites and at the point of checkout c...

Catherine Field: Europe correspondent says it's a nervous day for European share markets after Credit Suisse purchase

20 Mar 2023

Contributed by Lukas

A nervous day for European share markets ahead of the first day of trading since the purchase of Credit Suisse. Markets started the day sharply lower,...

Greg Harford: Retail NZ CEO says they want Police to have more resources and tools to deal with retail crime

20 Mar 2023

Contributed by Lukas

The retail sector is hoping to sit down with the new Police Minister soon. Ginny Andersen is replacing Stuart Nash in the role, having only been sworn...

Fran O'Sullivan: NZME business commentator on Foreign Minister Nanaia Mahuta visiting China tomorrow

20 Mar 2023

Contributed by Lukas

Foreign Minister Nanaia Mahuta will travel to China on Tuesday for two days. This will be China's first visit from a Cabinet minister since 2019, and ...

Carrie Hurihanganui: Auckland Airport chief executive on Auckland Airport facing their biggest redevelopment in 57 years

19 Mar 2023

Contributed by Lukas

Auckland's domestic airport is facing their biggest redevelopment since the terminal opened 57 years ago. Plans have been signed off to merge the dome...

Liam Dann: NZ Herald Business Editor says if the next quarter is also negative, we could already be in a technical recession

15 Mar 2023

Contributed by Lukas

The economy has contracted slightly more than predicted by economists and the banks. Latest GDP figures from Stats NZ show a 0.6 percent decline in th...

Dr Bryce Wilkinson: NZ Initiative senior fellow on report labelling govt's monetary policy 'a mess' and blames government

15 Mar 2023

Contributed by Lukas

There is a feeling around the country that our monetary policy is a mess. And a new report by the NZ Initiative is putting all the blame on the Govern...

Aarnaud Daurat: Exxovantage founder on their wearable exosuit designed to help keep workers safer from injuries

15 Mar 2023

Contributed by Lukas

A Kiwi company is using exoskeleton technology to help businesses keep workers safer from workplace injuries. The wearable exosuit has built in sensor...

Nick Tuffley: ASB Chief Economist picks a 0.5% drop in GDP figures released today

15 Mar 2023

Contributed by Lukas

The New Zealand economy is shrinking, the only question is by how much. GDP figures due out this morning are expected to show the economy contracted i...

Miles Workman: ANZ Senior Economist predicts a 0.3% contraction in today's GDP figures

15 Mar 2023

Contributed by Lukas

The New Zealand economy is shrinking, the only question is by how much. GDP figures due out this morning are expected to show the economy contracted i...

Sam McIvor: Beef and Lamb CEO says farm profit is predicted to decrease by 31 percent from update before

15 Mar 2023

Contributed by Lukas

High inflation is hitting the back pockets of farmers. The Beef and Lamb New Zealand 2022 to 2023 Mid-Season Update says that farm profit is predicted...

Brad Olsen: Infometrics Principal Economist on what to expect from the fourth quarter GDP numbers

15 Mar 2023

Contributed by Lukas

The fourth quarter GDP figures are set to be released by Stats NZ tomorrow. After the third quarter's 2 percent growth, the Reserve Bank is forecastin...

Jenee Tibshraeny: NZ Herald Wellington business editor on the Government deferring public consultation to define contractors vs employees

15 Mar 2023

Contributed by Lukas

Prime Minister Chris Hipkins announced Monday that a public consultation to clarify the difference between contractors employees would be deferred. Th...

Viv Beck: Heart of the City Chief Executive on Auckland's City Rail Link build needing more money and time

15 Mar 2023

Contributed by Lukas

Frustration over a blowout of Auckland's City Rail link build cost. It's asking for another billion dollars, half each from Auckland Council and the G...

Stuart Nash: Police Minister on what needs to be done in terms of retail crime, overnight ram-raids

14 Mar 2023

Contributed by Lukas

Police are investigating at least two burglaries in Auckland overnight - including at a large supermarket in the suburb of Lynfield. Officers were cal...

Rick Herd: Naylor Love CEO expects we'll see a continuing collapse of smaller building companies over next few months, years

14 Mar 2023

Contributed by Lukas

A top building boss says there are two fundamental issues with the construction industry and things need to change. Bayside Designer Homes is the late...

David Cunningham: Squirrel Mortgages CEO says an inquiry into banking probably wouldn't create much change

14 Mar 2023

Contributed by Lukas

An expert says a probe into banking may not be the fix for issues in the sector. Latest figures from KPMG show bank profits reached a record high $7.1...

John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over (1)

14 Mar 2023

Contributed by Lukas

Cashflow issues are being blamed for building businesses falling over. The country's construction crunch may start to snowball, with more building bus...

John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over

14 Mar 2023

Contributed by Lukas

Cashflow issues are being blamed for building businesses falling over. The country's construction crunch may start to snowball, with more building bus...

Amanda Singleton: Watercare Chief Customer Officer on Watercare confirming a 9.5 percent price increase for Auckland water bills

14 Mar 2023

Contributed by Lukas

Aucklanders will have to prepare to pay more for their water services in the coming months. Watercare has locked in a 9.5 percent price increase on th...

Pattrick Smellie: BusinessDesk managing editor on the upcoming Royal NZ Yacht Squadron meeting and projected losses

14 Mar 2023

Contributed by Lukas

The Royal New Zealand Yacht Squadron is projecting a trading loss of $1.6 million ahead of their next meeting. Thursday's meeting will "immediately" r...

John MacDonald: Labour knows people will take the money and run

13 Mar 2023

Contributed by Lukas

A billion dollars. That’s how much Prime Minister Chris Hipkins slashed from the Government’s spending plan yesterday. Not that it’s going strai...

Mike's Minute: Is Labour's cash bonanza economically smart? No. Is it Politically? Maybe

13 Mar 2023

Contributed by Lukas

Quick question around the cash bonanza yesterday - is it so blatant that it might actually work? An extra $300 million we don't have, just splashed al...

Yoland Swasbrook: Zero Latency NZ manager ahead of world's first virtual reality gaming facility is hitting Auckland CBD

13 Mar 2023

Contributed by Lukas

The world's first virtual reality gaming facility is hitting Auckland CBD this week. The 3rd generation version of VR tech is the first of it's kind w...

Michael Reddell: Former RBNZ economist says permanently lifting real level of welfare benefits is costing another $300 million

13 Mar 2023

Contributed by Lukas

A U-turn of sorts from the Government. About 1.4 million New Zealanders will be helped when increased main benefits, superannuation and student suppor...

Nicola Willis: National says Govt fixing own mistake by increasing superannuation, main benefits in line with inflation

13 Mar 2023

Contributed by Lukas

National says the Government is fixing its own mistake by increasing superannuation and main benefits in line with inflation. The change kicks in from...

Fran O'Sullivan: NZME business commentator on the speed limit reduction and clean car upgrade being scrapped

13 Mar 2023

Contributed by Lukas

Prime Minister Chris Hipkins has scrapped the nationwide speed limit reduction and clean car upgrade to support Kiwis. When paired with the scrapped T...

Glenn Milnes: ikeGPS CEO relived US Treasury stepping in after Silicon Valley Bank collapses

13 Mar 2023

Contributed by Lukas

Today has been a roller-coaster for Kiwi businesses tied to Silicon Valley Bank. RocketLab, Comvita, Xero, and ikeGPS were among the businesses who we...

Elise Kennedy: Jarden Director of Equity Research on Xero planning to cut up to 800 jobs

09 Mar 2023

Contributed by Lukas

Kiwi software accounting firm Xero has announced plans to cut up to 800 jobs to improve profits. Xero stated that these mass layoffs were needed to en...

Liam Dann: NZ Herald business editor on retail spending remaining steady throughout February

09 Mar 2023

Contributed by Lukas

Higher interest rates haven't stopped Kiwi shoppers from spending up a storm. Retail spending has remained steady at $6.6 billion in February 2023, wh...

Kerre Woodham: What do you define as a fair tax system?

08 Mar 2023

Contributed by Lukas

Let's talk tax. It is an election year, which means a number of key policies are coming under the spotlight. All the usual suspects - health, law an...

Louise Delaney: University lecturer says our tax polices need to change to fix intergenerational inequalities

08 Mar 2023

Contributed by Lukas

The author of the Newsroom piece, 'How to make New Zealand's Tax System Fairer?' says our tax policies need to change. This is especially if we want t...

Shelley Winkel: TEQ leader on Queensland trade roadshow coming to New Zealand

08 Mar 2023

Contributed by Lukas

Are people about to jump across the ditch? Dozens of Queensland Tourism representatives are taking a trade roadshow to New Zealand. The aim of the tri...

Charles Finny: Former trade negotiator says companies shouldn't rely completely on China

08 Mar 2023

Contributed by Lukas

A former trade negotiator says companies shouldn't rely completely on China. New briefings seen by our newsroom reveal the government is worried forei...

Simon Petersen: QV communications manager on report finding house prices are down, but not to pre-pandemic levels

08 Mar 2023

Contributed by Lukas

House prices are down, but still not to pre-pandemic levels, according to QV's latest report. It shows prices have fallen 12.6 percent in the last yea...

Brad Olsen: Infometrics Principal Economist on the number of jobs advertised on Seek increasing for second month in a row

08 Mar 2023

Contributed by Lukas

The number of jobs being advertised online continues to grow for another month. New Seek data shows the amount of jobs being advertised nationwide is ...

Sam Trethewey: Milford Asset Management Portfolio Manager predicts when the recession can be expected

08 Mar 2023

Contributed by Lukas

The predicted recession may be biting consumers in a matter of months.  Economists have been forecasting a recession to strike the New Zealand econom...

Jenee Tibshraeny: NZ Herald Wellington business editor on National requesting an inquiry into banking profits

08 Mar 2023

Contributed by Lukas

National's Nicola Willis is weighing in on the ongoing banking profit saga. The opposition's finance spokesperson is suggesting a select committee run...

Mike's Minute: We are shooting ourselves in the foot over the economy and inflation

07 Mar 2023

Contributed by Lukas

There is a key line in the latest ANZ Business Outlook survey that may well mean some of our predictions around inflation sadly come true. The line is...

Grant Robertson: Finance Minister says a large number of countries are expected to end up in recession

07 Mar 2023

Contributed by Lukas

The Government is confident it's on the right track to deliver, despite tough economic times ahead. Net debt is $3.5 billion less than expected, at $7...

Terry Williams-Willcock: Tech expert says community hubs could be the answer to black-outs during emergencies

07 Mar 2023

Contributed by Lukas

More technology hubs could help pave a way forward in addressing communication black-outs during large storms. Some New Zealanders were left in the lu...

Brad Olsen: Economist says Govt has to make a clear list of financial priorities and potentially scale back spending

07 Mar 2023

Contributed by Lukas

Government debt is lower than forecast, but financial pressures loom on the horizon. The Government's interim financial statement shows net debt is at...

Paul Bloxham: HSBC Chief Economist on Australia hiking their OCR up by a further 25 basis points

07 Mar 2023

Contributed by Lukas

The Australian Reserve Bank has increased the OCR by a further 25 basis points to 3.6 percent. This has been the 10th rate rise in a row, putting the ...

Paul Watson: Parrotdog Brewery managing director on potentially expanding into Auckland

07 Mar 2023

Contributed by Lukas

Wellington brewery Parrotdog is looking to expand into Auckland. The brewery is seeking up $4 million in capital raise to fund this brand expansion, a...