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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

2:36

John Tookey: AUT professor says RMA changes will...

Best of Business ·

2022/11/15

Hopes changes to New Zealand's resource management system will cut red tape for building homes. The Government will today unveil what it describes as simplified, modernised legislation to replace the 1991 Resource Management Act. A construction management expert wants to see the process for issuing consents, standardised. Auckland University of Technology's John Tookey says it would allow for prefabricated buildings to make a dent in the demand for housing. He says different authorities around the

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3:10

Paul Spoonley: Sociologist says migration loss is a...

Best of Business ·

2022/11/15

A sociologist says migration loss is a concern. Stats NZ data shows in September there was an estimated migration gain of 2,176 people. But for the year ending September, there's still a provisional net migration loss of 8,400. Sociologist Paul Spoonley says there's been an uptick in immigrants, but it's a long way to reach pre-Covid levels. He says we've tended to operate a brain exchange where the loss is made up by skilled migrants coming here - but at the moment there's not quite that

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2:53

Jeremy Couchman: Economist on suggestions the brain...

Best of Business ·

2022/11/15

Some are suggesting our great brain drain may slowing down. The net number of Kiwis that left the country for the year to September was more than 8,000. But for the month, people arriving outstripped the number leaving. Kiwibank senior economist Jeremy Couchman joined Kate Hawkesby. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:44

Kate Storer: Environmental lawyer says the devil will...

Best of Business ·

2022/11/15

A general view that the devil will be in the detail around RMA reforms. Three new laws will take its place, with two being announced so far. The Government says the changes aim to lower costs and will speed up the time it takes for new homes and infrastructure projects to be approved. Environmental lawyer Kate Storer told Kate Hawkesby until now, there's been questions as to what should be prioritised whether that's building houses, protecting rivers or air quality. LISTEN ABOVESee

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3:41

Kelvin Davidson: Property Economist says we could...

Best of Business ·

2022/11/15

Up to a quarter of homes could soon be selling for a loss, if mortgages rates keep on rising. New figures from Core Logic show almost three-percent of homes sold at a loss in the three months to September. That's up from less than one percent in the three months of December. Chief Property Economist Kelvin Davidson told Mike Hosking we could reach the point where up to 25 percent of home sales aren't profitable, and more people are being forced to sell their homes. LISTEN ABOVESee

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2:57

Simon Beale: Cargo Owners Council say supply chain...

Best of Business ·

2022/11/14

Supply chain issues should start to ease as we head into 2023. Freedom Furniture and Farmers have told customers they may have to wait up to five months for their purchases to be delivered due to production backlogs, staff shortages and shipping challenges. Cargo Owners Council executive member Simon Beale says some companies are bringing more containers into New Zealand, ready for the peak export season. He told Mike Hosking that shows there's space on vessels. Beale says products should start to

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4:44

Michael Gordon: Westpac acting chief economist says...

Best of Business ·

2022/11/14

There's no easy way down for New Zealand's economy, as high inflation poses a persistent problem. Westpac's latest economic overview predicts the Official Cash Rate will rise further and peak at five percent next year. Its acting chief economist says despite hikes this year, monetary policy takes time to have a full effect on the economy. Michael Gordon says many borrowers will be rolling on to higher interest rates in the next six to 12 months. He says some rates might be three percent higher -

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1:53

Allan Pollard: Civil Contractors NZ CEO says cost...

Best of Business ·

2022/11/14

The resource management and consenting system is in for a shake-up. The Government will today unveil what it says will be simplified, modernised legislation to replace the Resource Management Act. Acting Prime Minister Grant Robertson says the changes will deliver a faster, cheaper, better framework. But Civil Contractors New Zealand Chief Executive Allan Pollard told Mike Hosking the cost reductions expected from the reforms don't go far enough. LISTEN ABOVESee omnystudio.com/listener for privacy

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3:33

Vincent Arbuckle: New Zealand Food Safety on changes...

Best of Business ·

2022/11/14

The Health Star system is being changed to better reflect added sugar and salt in nutritional ratings. Nutritionists are welcoming changes to the programme, which rates nutritional content of packaged food up to five stars. Today's upgrade gives lower star ratings to foods with high levels of added sugar and salt. Deputy Director-General of New Zealand Food Safety Vincent Arbuckle told Kate Hawkesby uptake has been increasing. He says major producers see value in the scheme, and both major

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3:46

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

Best of Business ·

2022/11/14

Prime Minister Jacinda Ardern has just wrapped up meetings at the East Asia Summit. The East Asia Summit consisted of 10 South East Asian countries which form the Association of Southeast Asian Nations, as well as others with interests in the region, including New Zealand. Jacinda Ardern has stated that New Zealand's purpose in attending was to diversify New Zealand's trade footprint. This has been part of Labour's post- COVID strategy to reconnect with the world. Fran O'Sullivan, NZME business

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9:38

The Sunday Panel: Does the Black Ferns' win signal a...

Best of Business ·

2022/11/13

Today on The Sunday Panel: commentator and editor, Jo Mccarroll and host of The Front Page podcast Damien Venuto joined us to talk about the following topics from this week- Black Ferns – is this a turning point for women’s rugby in New Zealand and can they keep on this momentum? Is this now on New Zealand Rugby to put the support behind the women’s game and make sure it progresses? The team have done their job and now it’s up to NZR? Twitter just can’t get it right it seems. It looks like a lot

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9:20

Richard Quest: CNN correspondent says US midterms...

Best of Business ·

2022/11/12

The US midterms have thrown the market into some uncertainty. The Republicans appear to be heading towards taking control of the House of Representatives. But things are less certain in the Senate. The state of Georgia is going to a runoff vote, which is only adding to the uncertainty. But CNN's Richard Quest told Mike Hosking that the gridlock is actually a good thing. He says markets like the idea of clashing economic polices, as seen through having one party in the Presidency and the other in

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2:35

Melissa Lee: National MP on her bill to extend...

Best of Business ·

2022/11/10

Retailers are less than keen on the idea of extending gift card expiry dates. The minimum expiry date could be extended to three years under Melissa Lee's Fair Trading Amendment Bill. The National MP says the legislation gives the recipient a more reasonable period to redeem the card’s full value. But Retail NZ chief executive Greg Harford says it could have negative impacts on business owners. He says it will create accounting challenges as they will have to keep revenue on their books for

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3:05

Kathrine Fraser: The Celebrant School Director on the...

Best of Business ·

2022/11/10

A rise in the number of couples opting for friends to officiate their wedding, is leaving professional independent celebrants out in the cold. Numbers have spiked, with more than 4,500 independent marriage and civil union celebrants in New Zealand. Prior to 2013, there were only around 2,000, but there's been a steady influx since the registration process was relaxed in 2013. The Celebrant School Director, Kathrine Fraser says with no training required, couples are paying for a friend's

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3:04

Stephen England-Hall: CEO of Real NZ on Govt's...

Best of Business ·

2022/11/10

The Government's tourism innovation fund is now open for bids. There's $54 million up for grabs, but a few hoops to jump through. CEO of Real New Zealand, Stephen England-Hall, joined Tim Dower. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:31

Mark Goldsmith: MSD Regional Commissioner on job fair...

Best of Business ·

2022/11/10

Job fairs are popping up all over the place these days, with some suggesting this is a sign of how desperate things are for some employers. There's one at Mt Smart stadium in Auckland today, hosted jointly by Work and Income and the Warriors Community Foundation. MSD's Mark Goldsmith joined Tim Dower. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:40

Brad Olsen: Economist says RBNZ review is closest to...

Best of Business ·

2022/11/10

The Reserve Bank's self-review pokes a few holes in its response to Covid-19. But it also says the Covid response was consistent with data available at the time - and worst case economic scenarios were avoided. The regular five year review found tightening monetary policy earlier could have lessened inflation at the margins. Infometrics principal economist, Brad Olsen, told Mike Hosking it means the central bank wasn't quick enough in raising interest rates. He says the Reserve Bank saying it could

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5:18

Stuart Nash: Tourism Minister is confident an...

Best of Business ·

2022/11/10

The Government is confident an innovation programme will go a long way towards helping the tourism industry. People can now apply for the $54 million programme, which aims to support low-carbon projects, or those that have a positive environmental impact. Tourism Minister Stuart Nash told Mike Hosking it's important they help the sector. He says they're protectors of our national brand and turn tourists into storytellers. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:31

Jamie Mackay: host of The Country on Fonterra's...

Best of Business ·

2022/11/10

Fonterra has issued a warning to farmers that they may have to meet sustainability expectations unless they want to face trade barriers and potentially lose customers. Fonterra Chair Peter McBride and chief executive Miles Hurrell announced at the annual meeting in Rotorua that they would need to set (and stay within) targets for Scope 3 carbon emissions. The Country's Jamie Mackay explained that because Fonterra works with farmers to create their products, the affiliated farmers would also be

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5:00

Matthew Horncastle: Williams Corporation Co-founder...

Best of Business ·

2022/11/10

One of New Zealand’s busiest townhouse developers says some of their staff have nothing to do. Williams Corporation is offering redundancy for up to 30 percent of staff, between here and in Australia and Asia. It says sales are down and it need to cut numbers. Staff who take the offer will get two months' pay. Co-founder Matthew Horncastle says the business remains profitable, but there's simply not enough work to go around. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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