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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

2:54

Robin Oliver: Tax advisor says wealthy people are...

Best of Business ·

2023/04/17

A new tax report has found middle income renters, without children, are paying some of the highest tax rates. The report has been conducted by OliverShaw tax advisors and is investigating how fair the system is. Principal of OliverShaw Tax Advisors, Robin Oliver told Tim Dower wealthy people are paying higher effective tax rates than people on lower incomes. He says overall the system works but there are questions around households with incomes from $50-100,000 a year, who have relatively high tax

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4:22

Michael Reddell: Former RBNZ economist says when the...

Best of Business ·

2023/04/17

The looming recession could cut deeper than previously thought. ASB is now forecasting the economy will shrink by about two-percent by early next year, double the contraction it was forecasting three months ago. Former Reserve Bank economist Michael Reddell says its a plausible prediction. He told Tim Dower every time the Reserve Bank tries to significantly reduce inflation, it's a recipe for recession. Reddell says every time inflation has been brought down so quickly in the past, it's led to a

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5:16

Nick Tuffley: ASB chief economist as recession tipped...

Best of Business ·

2023/04/17

New Zealand’s looming recession is tipped to be twice as deep as previously thought, with Kiwis being warned to prepare for a tough rest of the year. The bleaker forecast, from economists at ASB, comes as food prices rise at their fastest annual rate in more than 30 years and many struggle to afford the basics. ASB is predicting a 2 per cent contraction to gross domestic product (GDP) by early 2024, which is double the 1 per cent economic shrink that the bank forecast in its last quarterly

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9:48

Robert MacCulloch: Macroeconomics professor on...

Best of Business ·

2023/04/13

The International Monetary Fund is warning New Zealand is likely to be hard-hit in a global economic down-turn. Its 2023 outlook forecasts New Zealand will have one of the lowest GDP growth rates and one of the highest inflation rates in the Asia Pacific region in the coming years. In their projections for GDP, NZ's current account balance is reported as -8.6 percent of GDP, worse than Greece's at -8.0 percent, in 2023. Robert MacCulloch, the Matthew S. Abel Professor of Macroeconomics at University

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3:47

Aydan Apiata: Wellington café owner surprised as city...

Best of Business ·

2023/04/13

New Zealand's coffee capital has been left off the top ranking coffee destinations. Coffee company Tambia has released a list of the world's top 50 coffee spots which include cafés in Melbourne, New York and Toronto. But notably Wellington is nowhere to be seen on it. Wellington café owner Aydan Apiata told Tim Dower he's surprised by the news, given the other locations on the list. He says that's especially because lots of people have been to the places named like the US, which he claims mainly

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3:56

Gareth Kiernan: Infometrics Chief Forecaster says the...

Best of Business ·

2023/04/13

Bad news for the economy and bad news for those holding out hope for lower interest rates. Economic consultancy Infometrics says while the economy has probably been in recession since late last year, there's very little evidence inflationary pressures are starting to ease. It's now forecasting the Reserve Bank will need to lift the Official Cash Rate to 5.75 percent. Chief Forecaster Gareth Kiernan told Tim Dower the inflation cycle will be much harder to beat than previously expected. LISTEN

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3:26

Liam Dann: NZ Herald business editor on the newly...

Best of Business ·

2023/04/13

US inflation data was released this morning, and the figures have surprised experts. The US CPI inflation rate slowed down to 5 percent in March, the lowest level recorded in nearly two years. NZ Herald business editor at large Liam Dann was pleasantly surprised by these inflation figures, saying some core inflation data wasn't as good, but it was headed in the right direction. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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5:33

Dom Taylor: Uber Australia New Zealand Managing...

Best of Business ·

2023/04/13

Uber is incentivising drivers to go green and slash emissions. Drivers can earn an additional $10,000 over two years if they make the switch to a fully electric car. The company has estimated only around two percent of New Zealand Uber drivers are rolling around in zero-emission vehicles. Uber Australia New Zealand Managing Director Dom Taylor says the incentive helps them meet their goals. "By 2040, all trips on Uber platforms globally will be in electric cars." LISTEN ABOVESee

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4:06

Mark O'Donnell: CEO of Rockit Global anticipates...

Best of Business ·

2023/04/12

Despite a few setbacks, the tiny apple brand Rockit is on track for its biggest season yet. The company was facing a difficult season even before the cyclone, thanks to record early season rain, but now it's anticipating record export volumes. CEO of Rockit Global Mark O'Donnell joined Tim Dower. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:43

Antonia Watson: ANZ CEO says the bank is still...

Best of Business ·

2023/04/12

Last week's OCR hike is starting to have some impact with ANZ, the country's largest bank, raising fixed and floating interest rates across the board. Chief Executive Antonia Watson told Roman Travers the one-year lending rate is going up by 20-basis-points. She says the bank is still passing on only a small amount of the OCR increases. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:24

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2023/04/12

The housing market is slowing down- and experts are claiming NZX-listed companies are being affected. Jeremy Hutton from Milford Asset Management says the sliding housing market has caused several sectors to decrease in value, highlighting the recent underperformance in the retirement sector. Jeremy Hutton also says Fletcher Building has been affected by the current housing market, with sales slowing towards the back half of 2022. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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1:57

Tim Dower: We aren't dangling a big enough carrot for...

Best of Business ·

2023/04/11

More questions than answers, for me, on the residency carrot finally being dangled in a desperate attempt to plug gaps in the health sector. Winter's looming, we're worried about another wave of Covid and all the other seasonal sniffles and the health system is already crying out for staff. So, from now, another 32 job roles go on the green list. If you've got a qualification, you're in. Have we left it too late? It looks like it. Have all the decent people looking to move already gone somewhere

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3:45

Julie White: Hospitality NZ CEO says at some point NZ...

Best of Business ·

2023/04/11

Covid restrictions still feel like a handbrake for the hospitality industry. The Government is not changing the seven day isolation requirement for cases for at least two months. It's also asked for more work on whether testing to return to work for mild or asymptomatic cases, would be safe. Hospitality New Zealand Chief Executive Julie White told Tim Dower people need to be able to get back to work as soon as they can. She says employees need to be able to rest, but at some point New Zealand should

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4:54

Michael Wood: Immigration Minister expects thousands...

Best of Business ·

2023/04/11

The Immigration Minister is expecting thousands of people to arrive on our shores as a result of immigration changes in the healthcare sector. 32 new health jobs have been added to the Straight to Residency pathway on the Green List. They include dentists, paramedics, optometrists and pharmacists. Michael Wood told Tim Dower in the past year more than 4,000 healthcare workers have been approved under current settings. He says they know the need is significant, and they would expect these new

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5:06

Chris Wilkinson: First Retail Group Director says...

Best of Business ·

2023/04/11

There has been disappointment New Zealand isn't looking to move away from mandated Covid-19 isolation. The Government is not changing the seven-day isolation requirement for cases for at least two months. It's also asked for more work on whether testing to return to work for mild or asymptomatic cases, would be safe. First Retail Group Managing Director Chris Wilkinson told Roman Travers this will have an impact on retailers. He believes the decision around whether to isolate or not, should be with

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7:22

Tuariki Delamere: former Immigration Minister on the...

Best of Business ·

2023/04/11

A previous Immigration Minister isn't surprised at the dwindling Active Investor Plus visa applications. This visa, designed to attract wealthy individuals who can invest millions of dollars into New Zealand companies, has only drawn in 14 applications in the past six months. Former Immigration Minister Tuariki Delamere blames the changes to the scheme for the lack of applications, including the English language requirement and $15 million minimum threshold. "Anyone who wants to invest and go

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4:44

Dean Kimpton: new Auckland Transport CEO plans to...

Best of Business ·

2023/04/11

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. He says that involves employing another 360 bus drivers and up to 50 ferry skippers. "So this is not an easy task, it's going to take a lot of employment, it's going to take a lot of training and we have to implement new schedules." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:28

Alistair MacGibbon: CyberCX Chief Strategy Officer...

Best of Business ·

2023/04/10

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 targeted sectors in Australia and New Zealand by cyber extortion groups. It ranks third alongside IT and wholesale and retail services. Chief Strategy Officer Alistair MacGibbon told Tim Dower it's the sensitive and important information that's attractive to cyber thefts. He says criminal groups take the information and use it as leverage to demand

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4:29

Carmen Doran: Helius Therapeutics CEO on becoming...

Best of Business ·

2023/04/10

Helius Therapeutics is now certified to dry and finish medicinal cannabis flowers. Now the only fully certified company in the country, patients can rely on locally sourced dried flower products. Helius chief executive, Carmen Doran joined Roman Travers. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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7:02

John Tookey: AUT Construction Management professor on...

Best of Business ·

2023/04/06

Auckland-based Scarbro Construction has today declared insolvency and called in liquidators. The building company has stopped work on five active construction sites- and experts warn this won't be the only construction business in trouble this year. AUT Construction Management professor John Tookey wasn't expecting Scarbro to dissolve, but says that any construction company can go belly-up. John Tookey says Scarbro's liquidation has likely come down to a cash flow crisis generated by a contract or

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3,595 results

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