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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

2:37

Lynda Keen: Tourism Export Council CEO says they have...

Best of Business ·

2023/08/14

The tourism sector is hoping it will be back to business as usual. The final Covid restrictions, including the seven day isolation period and mask wearing in health settings, were scrapped by the Government as of midnight last night. Tourism Export Council Chief Executive Lynda Keene told Mike Hosking they've been lobbying for this since last year. She says it's a huge relief to be able to get back to doing what they do best. Keene says claims these restrictions didn't make any difference to the

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5:46

Sharon Zollner: ANZ Chief Economist on NZ losing most...

Best of Business ·

2023/08/14

More Kiwis are starting new lives overseas despite migrants arriving in droves. In the year to June, annual net migration rose to more than 86,000. But, the loss was nearly 35,000 citizens - the largest in a decade. ANZ Chief Economist Sharon Zollner told Kate Hawkesby we're losing New Zealanders to Australia because it's seen as a low-risk option. She says changes to the citizenship and wage levels reassure people to make the move. LISTEN ABOVE See omnystudio.com/listener for privacy

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3:17

Steve Armitage: Hospitality NZ CEO says scrapping of...

Best of Business ·

2023/08/14

The scrapping of Covid restrictions couldn't have come soon enough for the hospitality industry. All remaining restrictions were dropped as of midnight last night, including the seven day isolation period. Hospitality New Zealand Chief Executive Steve Armitage told Kate Hawkesby they're surprised it's taken as long as it has, but are keen to move on. He says we need to trust people to manage their business themselves and this development will mean they can finally move forward with

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4:27

Fran O'Sullivan: NZME business commentator on...

Best of Business ·

2023/08/14

The Government has announced a raft of tax policies designed to address the cost of living crisis ahead of the election. Hipkins has announced a boost to the In-Work Tax Credit, which will benefit about 160,000 families. The GST on fruit and vegetables will be scrapped, a cut to take effect come April 2024. NZME business commentator Fran O'Sullivan says there's room for other parties to introduce more optimistic, pro-business policies ahead of the election. LISTEN ABOVESee omnystudio.com/listener

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3:34

Sarah Balle: Supie founder says removal of produce...

Best of Business ·

2023/08/14

Confusion from some smaller supermarket outlets, as the Government announces an election policy to remove GST on fresh and frozen produce. It says it would save the average household $20 a month, starting next April. Supie founder Sarah Balle says it'll add administration costs throughout the supply chain - which will reduce any savings. "To not just the fruit and vegetable growers themselves, but everyone else through the supply chain, whether it's the markets, the processors- and of course, us as

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3:23

Andrew Body: Financial markets expert talks Commerce...

Best of Business ·

2023/08/10

Our banks are making some big profits - and they are the next organization in the Commerce Commission's headlights. With a new preliminary report from the Commerce Commission highlighting the high profit of New Zealand banks compared to those overseas, the watchdog is launching an investigation. Along with the high profit, it will look at how easy it is for people to change banks and how easy it is for new banks to enter the market Financial markets expert Andrew Body joined Mike Hosking to discuss

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2:57

Katrina Shanks: Financial Advice CEO discusses the...

Best of Business ·

2023/08/10

The future of insurance seems to be a bit murky, with insurance costs only heading up, meaning more and more people are just not able to afford it. Australian insurer Suncorp's New Zealand full-year profit fell 30 percent as claims from the floods and cyclone added to rising reinsurance costs and inflation. Large reinsurance companies have changed their view of how risky New Zealand is, which inevitably means even higher prices for the cover and higher premiums for consumers. Financial Advice CEO

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4:15

Liam Dann: NZ Herald business editor at large on what...

Best of Business ·

2023/08/10

China's descent into deflation paired with rising prices in New Zealand could spell trouble. Consumer prices in China fell for the first time in over two years, which concerns other economies battling the impact of inflation. NZ Herald business editor at large Liam Dann says New Zealand exports plenty of products to China- and their economic decline creates risks. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:18

Jithin Chittibomma: Liquids Sandringham operations...

Best of Business ·

2023/08/10

An Auckland bottle store has been shut down after a group of neighbours complained it hadn't lived up to its promise of being boutique. The Sandringham store, Liquids, went to renew its licence and extend its opening hours- but instead had both rejected. Operations Manager Jithin Chittibomma says they're appealing the decision. "We have not broken a single law, we have not broken a single condition on our licence, and we run a clean business." LISTEN ABOVE See omnystudio.com/listener for privacy

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3:01

Sam Stubbs: Simplicity co-founder says a clear lack...

Best of Business ·

2023/08/10

A not-for-profit Kiwisaver provider says it's tough competing in New Zealand's banking market. The Commerce Commission has today revealed the nation's banks are more profitable than overseas counterparts. It's just released an initial review of those profits and plans to investigate whether a lack of competition is the problem. Simplicity co-founder Sam Stubbs says most other OECD countries have open banking. "Which opens the doors to competition. Four years ago, the Government promised that it

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2:43

Mike's Minute: The banks have to answer some questions

Best of Business ·

2023/08/09

Am I changing my mind on banks? I have defended banks. I have defended them when Adrian Orr was wandering around talking about stress tests and making them put aside more money to cover a rainy day and catastrophe. This, you might remember, against a track record of plenty of profit and success. We have not seen the issues some have seen offshore. Banks in this part of the world have been wonderfully robust and performed well during the Global Financial Crisis and Covid. In fact ASB, as if to prove

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2:49

Roman Travers: The only way we can make a difference...

Best of Business ·

2023/08/09

Yesterday's news that another of our major banks has made another record profit, just about had me falling off my financially unstable rocking horse. ASB have reported another record annual profit in the same week that the TSB have said they'll be closing seven of their 25 branches, even though they are rated highly in customer service and satisfaction surveys. The ASB is our third biggest bank, and they've just reported this record profit, after all costs, of an eye watering $1.56 billion which is

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3:56

Sue Harrison: Property Investors' Federation...

Best of Business ·

2023/08/09

A new report into the rental market has found while people usually think interest rate changes, tax changes, and inflation get passed through into rents, there is very little evidence that shows this to be true. The findings show rental inflations is driven by wage inflation and supply and demand of houses. New Zealand Property Investors' Federation president Sue Harrison joined the Mike Hosking Breakfast. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:28

Brad Olsen: Economist discusses what the effect of...

Best of Business ·

2023/08/09

China's economy has fallen into deflation as the nation continues to struggle post-Covid. Their consumer price index fell 0.3 percent year on year in July. Infometrics Principal Economist Brad Olsen joined Roman Travers to discuss what the trickle down effect on New Zealand as a large trading partner may be. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:07

Sam McIvor: Beef and Lamb NZ CEO on increases to the...

Best of Business ·

2023/08/09

The conversion of sheep and beef farms into carbon farms is still on the rise up. In 2011, 63,000ha of sheep and beef land was purchased for forestry, 11,000ha higher than first thought. In 2022, uncertainty over policy changes led to a decrease, but Beef and Lamb believe this figure is likely to increase this year due to the backlog of applications sitting with the overseas investment office. Beef and Lamb NZ chief executive Sam McIvor joined the Mike Hosking Breakfast. LISTEN ABOVESee

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3:22

Jon Duffy: Consumer NZ chief executive says...

Best of Business ·

2023/08/09

McDonald's dynamic pricing on its app seems to show signs of a digital vs analogue conflict. Users have taken to social networking site Reddit, complaining regular users are being charged more than casual users. McDonald's says these price differences will encourage people to use the app more, bringing more long-term benefits. This combo differed in price by $3 on the same day in the same location. Photo / u/BattleScones Consumer NZ chief executive Jon Duffy told Mike Hosking the tailored pricing

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4:09

Bodo Lang: Marketing professor says McDonald's...

Best of Business ·

2023/08/09

There is an expectation McDonald's will address charging loyal app users higher prices. Users have taken to complain on social networking site Reddit, after pointing out a $3 difference between what app users and casual customers are charged. McDonald's says the prices may be different to entice some customers to return to the app. But Massey University marketing professor Bodo Lang told Roman Travers it's doing the opposite. He says companies want people to engage with it and this personalisation

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3:49

Deborah Lambie: Milford Asset Management analyst on...

Best of Business ·

2023/08/09

The Government's new partnership with BlackRock Capital is set to fast-track the nation's transition to renewable energy. BlackRock's investment fund is set to boost renewable solar, wind and green hydrogen energy infrastructure to eventually produce 100 percent renewable electricity. Milford Asset Management analyst Deborah Lambie warns New Zealand's power grid is set to face more challenge and complexity as a result. "We need significant investments and upgrading in our grid in order to support

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2:55

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/08/09

The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers. They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'. NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation. LISTEN ABOVESee omnystudio.com/listener for privacy

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5:10

Vittoria Short: ASB CEO on ASB posting record $1.56...

Best of Business ·

2023/08/09

ASB Bank have posted record annual profits, but the signs of an economic slowdown impacted their earnings. The bank reported a net profit for the year ended June of $1.56 billion, up 6 percent on the year before. ASB CEO Vittoria Short says the bank has deployed nearly $1 billion worth of capital into New Zealand marketplace, impacting their total capital. "The more lending we do, the more deposits- there's definitely growth that drives the profitability." LISTEN ABOVESee omnystudio.com/listener for

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3,595 results

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