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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

3:12

Fraser Whineray: Fonterra COO on new five-storey heat...

Best of Business ·

2023/02/09

Heat pumps the size of a five-storey building could be on the way from Fonterra. It's partnered with German company Man Energy Solutions to tackle its carbon production through greener steam generation. The giant heat pumps would reduce enough to be the equivalent to taking 25,000 thousand cars off the road. Fonterra chief operating officer Fraser Whineray joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:23

Sirma Karapeeva: Meat Industry Association CEO on NZ...

Best of Business ·

2023/02/09

Once again the farmers are saving us. In 2022, New Zealand exported $11.4 billion worth of red meat but the meat industry’s global markets started easing from the end of last year. The largest drop was in the Chinese market, with December exports down by 21 percent and UK exports dropped by 53 percent. Meat Industry Association chief executive Sirma Karapeeva joined Mike Hosking to discuss what we can expect this year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:03

Dean Humphries: Colliers director on forecast of...

Best of Business ·

2023/02/09

It's onwards and upwards for New Zealand's hotel sector. 2023 is off to a good start, with strong-forward bookings and high demand for the rest of the year. The Tourism Export Council forecasts international visitor levels rebounding to around 2.1 million by the end of May and could approach pre-Covid levels mid 2025. Colliers National Director Dean Humphries told Mike Hosking it's a welcome sign off the back of an already strong summer. LISTEN ABOVESee omnystudio.com/listener for privacy

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4:16

Liam Dann: NZ Herald business editor on oil companies...

Best of Business ·

2023/02/09

BP, Chevron, Shell, ExxonMobil, and Total Energies all earned $219 billion in 2022. All these major oil companies benefited from the surge in oil and gas prices that followed Russia's invasion of Ukraine. This marks a turnaround for the oil and gas industry, as they suffered profit losses in 2020/2021 following a reduced demand for energy during the Covid-19 pandemic. Liam Dann, NZ Herald business editor at large says this is good news for the investors, but bad news for the future of renewable

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4:25

Kerre Woodham: Minimum wage increase - sensible or...

Best of Business ·

2023/02/08

Sensible or cynical? Yesterday, the Prime Minister announced the first of the Government's policies it will be scrapping in a bid to win back the support of those who have become disillusioned by Labour's lack of action and incoherent messaging. The TVNZ/RNZ merger has been scrapped for now. The hate speech reforms have gone back to the Law Commission. The Workplace Insurance scheme has gone, and in music to the ears of the unions and the lowly paid, the minimum wage has gone up again. Now that will

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4:49

John MacDonald: Wage war - what about teachers,...

Best of Business ·

2023/02/08

Money will not buy you happiness. We’ve probably all said that at some point. Mostly to try and convince ourselves that the fact we didn’t win Lotto is no biggie. "Ahh, all those millions - would’ve been more trouble than they were worth." And ironically, that’s what Harvard University has been saying this week after crunching the numbers on its Study of Adult Development, which has been the world’s longest research project looking into what makes people happy. Since 1938, Harvard has tracked a

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13:04

David Seymour: Act leader discusses Govt announcement...

Best of Business ·

2023/02/08

The Government has announced the minimum wage will increase by $1.50 to $22.70 an hour from April. According to the ACT Party, the Government has now made it harder for businesses to take a chance on a young worker who is looking for a chance and are putting another cost on businesses at a time when about 30 percent of retail businesses aren’t sure they will survive the next 12 months. Leader David Seymour joined Kerre Woodham. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:06

Brent Mountford: BoP Federated Farmers president on...

Best of Business ·

2023/02/08

Farmers can't catch a break in Bay of Plenty. It's the region's worst maize harvest in decades with around 60 percent of crops wiped out due to the weather. But is it all doom and gloom? Bay of Plenty Federated Farmers provincial president Brent Mountford joined Kate Hawkesby to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:39

Kirk Hope: Business NZ CEO says the ability for...

Best of Business ·

2023/02/08

There are concerns the hike to minimum wage could be devastating for businesses. The Government has announced the minimum wage will rise by $1.50 to $22.70 from April. Business New Zealand CEO Kirk Hope told Mike Hosking the ability for businesses to pass this cost on is very low. He says if a business has no capital left effectively to pay this, and can't increase prices because then they'll face a decrease in demand, they're in a difficult position. LISTEN ABOVESee omnystudio.com/listener for

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3:05

Mark Riggall: Milford Asset Management portfolio...

Best of Business ·

2023/02/08

Global inflation appears to have peaked and may start heading down in the coming months. Central banks across the world are also predicted to slow down their rate hikes soon. Milford Asset Management's Mark Riggall says that 2022 was focused around addressing excessive global inflation and the share-markets will have an easier time ahead. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:55

Keith Schembri: Nesteek co-founder and CEO launches...

Best of Business ·

2023/02/08

Four University of Technology Sydney (UTS) students have created a house rental platform aimed at young renters. Nesteek is an Airbnb-style website that allows young renters to list their properties while they travel by getting guest to cover the rent duration of their trip. Keith Schembri, Nesteek co-founder and CEO says the company has been doing better than expected, and that they plan to expand to New Zealand. Keith Schembri says that Gen Z have been excluded from travel due to rising rents and

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7:35

The Huddle: Chris Hipkins' policy bonfire

Best of Business ·

2023/02/08

In this edition of The Huddle, Tim Wilson from Maxim Institute and Phil O'Reilly from Iron Duke Partners joined in on a discussion about the following issues of the day- and more! The minimum wage is going up by $1.50 in the biggest increase in 16 years. Can businesses afford this on top of everything else? The TVNZ/RNZ merger has been scrapped- why did it take so long? Did the Government figure out a case as to why this merger was needed? Three Waters has yet to be reformed- what do we think of

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4:52

Brett O'Riley: Employers and Manufacturers...

Best of Business ·

2023/02/08

Prime Minister Chris Hipkins has raised the minimum wage by $1.50 to $22.70 per hour by April 1. Hipkins has conceded that small businesses will find the minimum wage increase "difficult". Employers and Manufacturers Association head Brett O'Riley says that this wage increase will be implemented at a tough time for businesses. "When we are so close to the beginning of the next financial year for most businesses on the first of April, this is a really bitter pill for them to swallow." LISTEN ABOVESee

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6:11

Dr Tim Mackle: DairyNZ CEO on his decision to step...

Best of Business ·

2023/02/08

DairyNZ chief executive Dr Tim Mackle will be departing the role on June 30, 2023. Dr Mackle has been in the role for 15 years and led DairyNZ through difficult financial times, including the 2008/09 global recession and Covid-19. He says with the company in a good position, this was the the best time to step down. "We've got a great strategy in place now to deliver more value to farmers and farmers informed it, we've got a great team on board, and they're building that and getting on with

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3:06

Jevon McSkimming: Police Assistant Commissioner on...

Best of Business ·

2023/02/07

Police are standing by their approach to retail crime in the wake of surging incident reports. They received a record 10,000 reports of retail crime in the month of October last year, and the average in the year to November has almost doubled compared to 2018. But Police say numbers are probably up because they've made it easier for businesses to report incidents. Police Assistant Commissioner Jevon McSkimming told Mike Hosking they're tackling serious incidents well, like ram raids. He says there

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3:43

Dean Williams: Norton Cyber Safety report reveals one...

Best of Business ·

2023/02/07

Concern over the latest data on online dating and romance scams. The Norton Cyber Safety Insights Report surveyed just over 1,000 New Zealand adults, and found a quarter have fallen victim. More than half have suffered financial losses, on average $264. Systems Engineer Dean Williams told Kate Hawkesby we're not alone, with other countries showing similar rates. He says overall it's quite alarming, and shows this is another cyber issue we need to be conscious of. LISTEN ABOVESee

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3:48

Kapish Gobindlal: Environmental Decontamination...

Best of Business ·

2023/02/07

A cutting edge development in the fight for sustainability in the food and fibre sector. New Zealand based company Environmental Decontamination has cracked a way to grind mussel shells into calcium carbonate. It's a product used in paper, concrete and paint. New Zealand currently processes around 100,000 tonnes of green-lipped mussels, which generates around 55,000 tonnes of waste per year. Project lead, Kapish Gobindlal told Kate Hawkesby the new technology offers a step towards a more sustainable

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4:09

Paul Bloxham: HSBC Chief Economist on the RBA pushing...

Best of Business ·

2023/02/07

The Reserve Bank of Australia has raised the cash rate up by 25 basis points to 3.35 percent. This is the ninth rate hike in a row, raising Australia's OCR to the highest it's been since 2012. HSBC Chief Economist Paul Bloxham says this rate hike wasn't a surprise, as several economists had predicted this increase and suspect that this won't be the last. "To get inflation to come down, we should expect a slowdown in growth, but the RBA's trying really hard not to have to deliver a recession along

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4:16

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2023/02/07

Jarden is predicting Air New Zealand will announce a full-year dividend in August. This will be the first full dividend for Air New Zealand since pre-Covid. BusinessDesk managing editor Pattrick Smellie says this is a departure from two years ago, where the company was relying on Government subsidies to keep them afloat. Pattrick Smellie says this proves Air New Zealand was able to bounce back quickly and maintain high profit margins due to lack of competition on several routes. LISTEN ABOVESee

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3:40

Rebecca Ingram: Tourism Industry Aotearoa chief on...

Best of Business ·

2023/02/06

Latest data shows the tourism sector could be short 80,000 staff, an increase of 13,000 more than last year, with some concerned we may be going backwards. National have their own ideas of how we could fix the sector including scrapping the median wage and replacing it with an industry average, making sure key tourism roles have a pathway to residence, and processing work visas faster. But what does the industry think we need to do? Tourism Industry Aotearoa chief executive Rebecca Ingram joined

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3,595 results

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