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PODCAST

Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

business business news

All Episodes

4:23

Shane Wilson: mill general manager on the Tai Rāwhiti...

Best of Business ·

2025/02/11

The Tai Rāwhiti mill that ran for 30 years before it was shut down in late 2023 is set to re-open in the coming months, with new Australian owners. About 87 staff were impacted by Japanese-owned Juken's decision to close the mill - amid financial difficulties and weak demand for Japanese housing wood products. Millari Group of Australia confirmed in a statement that it will upgrade and re-establish the 25-hectare site in Gisborne over the coming months. Mill general manager Shane Wilson says more

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5:16

Todd McClay: Trade Minister outlines the costs of...

Best of Business ·

2025/02/11

The Trade Minister is laying bare the cost of Donald Trump's tariffs for New Zealand. The US President is imposing 25 percent tariffs for all steel and aluminium imports - and says there'll be no exceptions. Todd McClay says that's not surprising, following similar moves by Trump in his first term. He says it won't significantly impact us, especially compared to exports like beef and wine. "For New Zealand exporters, we will face about an extra $5 million of tariffs - plus or minus - that's on about

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3:16

Cameron Bagrie: independent economist on whether New...

Best of Business ·

2025/02/11

An economist says New Zealand needs to have a tough conversation about superannuation. Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually. Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot. Cameron Bagrie says we can't keep kicking the can down the road. "More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and

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3:32

Matt Crockett: Kāinga Ora chief executive on the...

Best of Business ·

2025/02/11

Kāinga Ora's hoping more tenants will stay on top of rent after it's written off debts. It's announced a tougher stance on rental debt - and will end tenancies for people who skip rent with no attempt to get back on track. But it also says it'll forgive and reduce debt for consistently paying customers owing more than 12 weeks’ rent. Chief executive Matt Crockett says the debt otherwise becomes too daunting for tenants to tackle. "We are going to manage it more closely, earlier, so that we never

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3:58

Shane Solly: Harbour Asset Management spokesperson on...

Best of Business ·

2025/02/10

US President Donald Trump has signalled an incoming announcement of 25 percent tariffs on all steel and aluminium imports into the US. Trump also reaffirmed that he would announce 'reciprocal tariffs', meaning the US would impose import duties on on products in cases where another country has levied duties on US goods. Harbour Asset Management's Shane Solly explains what this means for the New Zealand economy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:05

Michelle Isemonger: loan market advisor on the...

Best of Business ·

2025/02/10

Banks are clearing a backlog of lending requests after 'unacceptable' delays of up to five weeks, which caused stress for borrowers before Christmas. A significant drop in interest rates late last year resulted in a surge of new home loan applications and refinancing and restructuring requests, according to mortgage brokers. Loan market advisor Michelle Isemonger says the weeks before Christmas are always a busy time - but December's OCR drop inspired this notable increase in applications. LISTEN

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9:03

Nicola Willis: Finance Minister unbothered by...

Best of Business ·

2025/02/10

Two new polls show a shift in the political mood - but National's Nicola Willis isn't too worried about these results. Both the Taxpayers' Union-Curia poll and the 1 News Verian poll - out today - show Labour, the Greens and Te Pati Māori would have the seats to form a Government. Both also have Chris Luxon losing support in the preferred Prime Minister stakes. But Willis says polls move around - pointing out that there are differences between today's two. "Overall, the message that I'm hearing very

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3:51

Chris Bishop: Infrastructure Minister on the growing...

Best of Business ·

2025/02/10

The Government could be willing to let more foreign investors into a summit it announced today, as demand exceeds spaces. The Prime Minister's announced the two-day event in March - designed to encourage foreign investment in New Zealand projects and industries. Infrastructure Minister Chris Bishop says the Government funded, 100-person, invite-only event is already over-subscribed. He says the focus is inviting the highest value investments and global leaders in infrastructure. "We're not going to

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17:34

David McCloskey: former CIA agent hopes Donald...

Best of Business ·

2025/02/09

A former CIA agent is cautiously optimistic Donald Trump's plans for the agency won't affect its core mission. The US President has extended buyout offers to the entire agency, which would see employees take some benefits like extended pa, in exchange for agreeing to resign. Former agent and author David McCloskey, says he's hopeful the headlines are more smoke than fire. He says agents he worked with under the first Trump administration would say there was almost no disruption in that time. "The

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3:40

Stephanie Batchelor: Milford Asset Management expert...

Best of Business ·

2025/02/05

Alphabet, the parent company of Google, has reported its latest financial earnings - and the investors aren't thrilled. Shares reportedly dropped 7 percent after the company posted a slight miss in expected revenue. Milford Asset Management's Stephanie Batchelor unpacked the market factors behind this drop. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:06

Irene King: aviation commentator on Air New Zealand's...

Best of Business ·

2025/02/05

Air New Zealand has confirmed it is looking into developing a new luxury lounge for frequent flyers. The airline is staying tight-lipped about what these plans entail - but the idea was floated during a presentation for investors during their Investor Day late last year. Aviation commentator Irene King says Air New Zealand's existing lounges tend to crowd out during peak times - and the airline might be looking to address that. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:10

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2025/02/05

The Government is talking up the fact it’s exploring ways of making the tax system more business-friendly, with details of potential changes to be unveiled at the May 22 Budget. Finance Minister Nicola Willis is wary that at 28 percent, New Zealand’s corporate tax rate is above the OECD average of 24 percent. NZ Herald Wellington business editor Jenee Tibshraeny speculates what the Government might be planning ahead of this year's Budget. LISTEN ABOVESee omnystudio.com/listener for privacy

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7:30

Paul Duignan: AI commentator and psychologist on...

Best of Business ·

2025/02/05

DeepSeek, the new Chinese AI-powered chatbot platform that made headlines all over the world, will be banned from Australian Government devices after it was found to pose an 'unacceptable' security risk. The ChatGPT competitor has seen a surge in downloads worldwide after it attracted international attention for wiping billions from Wall Street and causing a frenzy. AI commentator and psychologist Paul Duignan says there's a real risk of public servants feeding the platform sensitive information -

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2:55

Jarrod Kerr: Kiwibank chief economist says the...

Best of Business ·

2025/02/05

Kiwibank says the latest unemployment figures are ugly, but in line with expectations. The unemployment rate rose to 5.1 percent in the December quarter - the highest it's been since September 2020. It's being blamed on a slow economy reducing demand and making employers trim jobs. Chief economist Jarrod Kerr says the Reserve Bank needs to do more to put New Zealand into recovery mode. "Interest rates are still restrictive - they're restraining households, they're restraining businesses, we're

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4:32

Paul Bloxham: HSBC chief economist on whether...

Best of Business ·

2025/02/04

Australia has kept their official cash rate on hold for an entire year - but one expert believes that's likely to change. The nation has been committed to bringing down inflation, but HSBC's Paul Bloxham predicts a rate cut will come this February. He explained the factors contributing to this choice, and outlined his predictions for the rest of 2025. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:56

Jamie Mackay: The Country host outline predictions...

Best of Business ·

2025/02/04

Experts are hoping for a good result ahead of tonight's GDT auction. Jarden economists are expecting a 4 to 5 percent lift - off the back of a solid auction in January. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:43

Brad Olsen: Infometrics Principal Economist on...

Best of Business ·

2025/02/04

Treasury has warned the Government that 'significant reforms' or 'reductions to public services' will be needed in the not-too-distant future if it sticks to its current, restricted spending track. New reports reveal the Government will not post a surplus under the traditional Obegal measure until 2031 - even with this relatively tight spending. Infometrics Principal Economist Brad Olsen explains the challenges impacting the Government - and how they can potentially turn this around. LISTEN ABOVESee

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4:52

Claire Matthews: Massey University banking expert on...

Best of Business ·

2025/02/04

The Prime Minister has taken aim at the chief executives of New Zealand’s largest banks saying it was 'utterly unacceptable' that some were withdrawing banking services from petrol stations and mines. Chris Luxon joined Mike Hosking earlier today to explain that the banks needed to keep funding businesses Kiwis need to keep moving forward - and expressed concern at rural petrol stations in particular losing their funding. Massey University banking expert Claire Matthews says the Government has the

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3:25

Ben McNulty: Wellington City Councillor reveals rates...

Best of Business ·

2025/02/04

Wellington housing valuations have taken a dive, with no suburb unscathed. QV valuations show house values have fallen 24.4 percent since 2021, with the average house value now sitting just under $1.1 million. Auckland valuations are expected to show little movement since 2021. City Councillor Ben McNulty says it won't change rates bills much. "The council has decided it needs 13 percent more money from rate-payers to run the city for next year, which means rates have to go up to meet that amount."

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3:39

Robin Oliver: OliverShaw Tax Partner on the...

Best of Business ·

2025/02/04

New Zealand could have one of the least competitive corporation tax rates - but that could change by May. The Prime Minister has hinted this year's Budget could make way for relief. The rate has stayed on 28 percent since 2011 - but Finance Minister Nicola Willis is making comparisons with countries like Ireland, with a 12.5 percent rate. Advisory expert Robin Oliver says such a change would have a big impact. "If we went down to 25, that'll cost us about a billion dollars per annum in tax - and

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3,595 results

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