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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

2:58

Kenneth Johnson: AUT computer expert on ransomware...

Best of Business ·

2022/12/06

The Office of the Privacy Commissioner is investigating the ransomware attack on information technology company Mercury IT. It's potentially compromising sensitive data for clients including Business NZ, the Nurses Organisation and the Ministry of Justice. AUT computer expert Kenneth Johnson told Mike Hosking data is being compiled throughout the world about the motivation of these attacks, who is doing them and why. He says they hope this provides more information about how these attackers behave,

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2:53

Jen Baird: REINZ CEO on survey showing first home...

Best of Business ·

2022/12/06

First home buyers aren't taking their eyes off the housing market. The Real Estate Institute of New Zealand's latest survey shows first home buyers remain much more interested in making a purchase than investors. It comes as agents report a new downward pressure on average sales prices. Chief executive Jen Baird told Tim Dower there's been a noticeable drop in investors in the market. She says first home buyers are seeing this as their chance to step on to the property ladder. LISTEN ABOVESee

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6:57

Stuart Nash: Tourism Minister on overseas visitors...

Best of Business ·

2022/12/06

International visitors have been spending up large in New Zealand. The latest International Visitor Survey shows in the three months to the end of September, overseas visitors spent more than $1 billion. The survey shows holidaymakers spent $479 million, while visitors here to see friends or relatives spent nearly $300 million. The regions benefited as well, with the Tourism Electronic Card Transactions spend, higher in eight regions than October 2019 levels pre-Covid. Tourism Minister Stuart Nash

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3:05

Steve Jurkovick: KiwiBank CEO says the Reserve Bank...

Best of Business ·

2022/12/06

There's no prizes for going harder than we need to on interest rates. KiwiBank says the Reserve Bank is at risk of going too far. The central bank lifted the Official Cash Rate by 75 basis points last month, while Australia's Reserve Bank lifted theirs by 25 basis points yesterday. KiwiBank CEO Steve Jurkovick told Mike Hosking the Reserve Bank should watch and see the impact coming through of the tightening so far. He doesn't see a downside to that as it's an approach being taken by other central

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4:11

Marisa Bidois: Restaurant Association Chief Executive...

Best of Business ·

2022/12/05

The hospitality industry is reporting growth figures again, after two years of restricted trading. According to a new report from the Restaurant Association, the industry has brought in $13 billion dollars in sales. This is a 7.7 percent increase from 2021. Restaurant Association Chief Executive Marisa Bidois says that these figures have returned to pre-pandemic levels, but the industry is still being affected by staffing shortages. LISTEN ABOVESee omnystudio.com/listener for privacy

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2:47

Jaimee Lupton: Monday Hair Care co-founder on renewed...

Best of Business ·

2022/12/04

Making it big in the US market is what every Kiwi company dreams of — but for Monday Hair Care it has become their reality. The Kiwi company has just renewed its contract to sell its hair care products in Costco USA. After an initial three-month trial from its start in January, Monday became the number one hair care brand in Costco USA. Monday Hair Care co-founder Jaimee Lupton joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:11

Weston Kirton: Ruapehu district mayor says Govt...

Best of Business ·

2022/12/01

The Government has a challenge in front of it over what to do about the plight of the Ruapehu ski fields. Ruapehu Alpine Lifts is in voluntary administration, carrying debt of $45 million. The Government isn't throwing anymore lifelines, leaving the business that runs the Turoa and Whakapapa ski fields staring down the barrel of liquidation. The company's demise would cost taxpayers up to $100 million because all infrastructure would have to be removed from the mountain. Ruapehu district mayor

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3:11

Nick Pickering: Waikato University Lecturer on new...

Best of Business ·

2022/12/01

Our country's Kiwifruit pickers may soon have a robotic friend to help them out. Waikato University engineers have developed an e-bin which rolls alongside workers. They can drop the fruit into the bin, where it will be safely caught and stored in a net, instead of having to lug heavy bags on their backs. Waikato University Engineering Lecturer Nick Pickering says it will make the job more accessible. He says it shows the utility of robots in the workforce. Pickering says it shows we don't have to

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2:59

Liam Dann: NZ Herald business editor on Westpac...

Best of Business ·

2022/12/01

Westpac has just released their building consent numbers, and they've dropped down lower than predicted. Dwelling consent numbers are down by 11 percent, which is larger than the 5 percent drop that Westpac had forecasted. This drop goes deeper than the normal month-to-month volatility, and tougher financial conditions play a role in these figures. Liam Dann, NZ Herald business editor says that the numbers appear to be over a peak and the downside indicators for the construction sector are a key

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5:04

Jithin Chittibomma: Sandringham Business Association...

Best of Business ·

2022/12/01

Sandringham Business Association chair Jithin Chttibomma has enlisted the help of Sir Ray Avery to give trial emergency watches to Sandringham businesses to let workers in trouble alert police. These watches will send alarms directly to the police, who will apparently respond to an emergency call within three minutes. This trial was launched a week after Sandringham dairy worker Jamal Patel was fatally stabbed during a robbery. Sandringham Business Association chair, Jithin Chittibomma says pressing

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3:40

Kevin McHugh: Banked Head of Publishing on data...

Best of Business ·

2022/11/30

Men are bigger Christmas spenders than women. New data by Banked shows people will spend an average $623 on gifts this year, with two thirds happy to fork out for a more sustainable gift if they have the option. Head of Publishing, Kevin McHugh, says when it comes to the gender differences, women tend to be a bit more sensible and conservative with their money. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:05

Simeon Brown: National's transport spokesperson on...

Best of Business ·

2022/11/30

The company started by the Government to build Auckland's Light Rail had zero employees a month after it was founded. Written parliamentary questions show it now has at least one; chief executive Tommy Parker. Auckland Light Rail Limited was established on October 6, and as of November 9, it engages 54 contractors and consultants. National's transport spokesperson Simeon Brown says all Labour has done is hire consultants for the project, rather than deliver a business case. But the Transport

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3:15

Alan McDonald: Employers' advocate says the way the...

Best of Business ·

2022/11/30

Fair pay negotiations could end up being a long, drawn out process. Unions say they already have enough signatures to demand a Fair Pay Agreement for hospitality workers. It means any negotiated pay and working conditions will apply to all employers in the industry. But Employers and Manufacturers' Association Head of Advocacy Alan McDonald told Mike Hosking there are some very complex things around this. He says there are all sorts of technical arguments around wage bargaining that need to be very

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3:15

Leeann Watson: Canterbury business advocate on letter...

Best of Business ·

2022/11/30

Canterbury businesses are making sure they're not forgotten as retailers grapple with crime across the country. 80 of the city's business owners have signed a letter asking the Government to hold offenders to account. They're concerned the recent crime support announcements don't go far enough. Canterbury Employers' Chamber Chief Executive Leeann Watson told Mike Hosking it's not unique to Christchurch, but they want to stop what they're seeing. She says the current rules, regulations and

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3:14

Margaret Stuart: Sustainability director for Nestle...

Best of Business ·

2022/11/30

Fonterra and Swiss food giant Nestle have formed a partnership to develop New Zealand’s first zero carbon emissions dairy farm. In what the parties said was a New Zealand first, the project, to be run with co-partner Dairy Trust Taranaki, will examine all aspects of farm operations to reduce carbon with the aim of cutting emissions by 30 per cent by mid-2027, with a 10-year ambition of reaching net zero carbon emissions. The demonstration farm at the centre of the project is a 290-hectare property

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4:12

Damien O'Connor: Agriculture Minister says Situation...

Best of Business ·

2022/11/30

New Zealand's primary producers could be our saving grace as an economic storm brews. Our food and fibre export revenue is on track to reach record heights, in what's hoped will help protect New Zealanders from the global downturn. The Situation and Outlook for Primary Industries report released today, shows food and fibre exports are tracking to grow to $55 billion in the coming year - up almost $3 billion from forecasts made earlier in the year. Agriculture Minister Damien O'Connor told Mike

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4:00

Mike Egan: Restuarant Association President says FPA...

Best of Business ·

2022/11/30

Restaurant workers are ready to lodge a claim for better wages. The Fair Pay Agreement bill comes into effect today, and unions are saying they already have enough signatures to demand an FPA for hospo workers. It means any negotiated pay and working conditions will apply to all employers in the industry. Restuarant Association President Mike Egan told Kate Hawkesby it's been a long time coming. He says members have been working hard to offer greater pay and more incentives for people to come and

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3:41

Keith McLaughlin: Centrix Managing Director on data...

Best of Business ·

2022/11/30

The number of people behind on debt repayments has increased by five percent in the year to October. Data by credit bureau Centrix shows the number of missed home loan repayments has risen for the third month in a row. Meanwhile, demand for consumer credit has risen, with personal loan demand up around 18 percent and vehicle loan demand up 17.3 percent year on year. Centrix Managing Director Keith McLaughlin told Mike Hosking there had been a downward trend in arrears over the past five years, so

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3:29

Mark Riggall: Milford Asset Management Portfolio...

Best of Business ·

2022/11/30

ANZ released their latest business survey and it's showcasing a bleaker look at the economy than in previous years. The survey states that the expected own activity outlook is at its' lowest level since September 2020 and that employment intentions have dropped down to negative for the first time since October 2020. There is also a broad weakness across various industries, especially construction and agriculture. According to Milford Asset Management's Mark Riggall, the outlook for businesses next

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3:42

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2022/11/30

Should our banks be doing more to help cover the cost of money printing? The RBNZ is holding $49 billion dollars of banks' reserves, thanks to all the money printing of 2020. The problem is, the RBNZ is now having to pay interest on that at the rapidly rising OCR rate. NZ Herald Wellington business editor Jenee Tibshraeny weighed in on this issue. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3,595 results

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