business
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
16th Jul 20, 1:37pm
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New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
9th Jul 20, 5:00am
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Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
Decision on where to move parts of the Ports of Auckland kicked down the road, as a new study suggests it should be moved to the Manukau Harbour, not Northport
7th Jul 20, 11:33am
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Decision on where to move parts of the Ports of Auckland kicked down the road, as a new study suggests it should be moved to the Manukau Harbour, not Northport
Government keeps ACC levies at current levels until 2022, instead of reviewing them in 2021 as planned pre-Covid
6th Jul 20, 3:00pm
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Government keeps ACC levies at current levels until 2022, instead of reviewing them in 2021 as planned pre-Covid
Patrick Watson of Mauldin Economics says airlines and travel, the sharing economy and commercial real estate may never be the same thanks to COVID-19
1st Jul 20, 11:20am
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Patrick Watson of Mauldin Economics says airlines and travel, the sharing economy and commercial real estate may never be the same thanks to COVID-19
Border exemptions on economic grounds not a priority for the govt, as it gear up to cope with increasing numbers of returning kiwis; Cost to taxpayers to hit $379mln by December
22nd Jun 20, 6:18pm
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Border exemptions on economic grounds not a priority for the govt, as it gear up to cope with increasing numbers of returning kiwis; Cost to taxpayers to hit $379mln by December
CEO Steve Jurkovich says Covid-19 has caused a pause and reassessment of Kiwibank's digital strategy, but led to it 'doubling down' on plans to use the cloud
15th Jun 20, 9:55am
CEO Steve Jurkovich says Covid-19 has caused a pause and reassessment of Kiwibank's digital strategy, but led to it 'doubling down' on plans to use the cloud
Level 1: Gathering and distancing restrictions go, people encouraged to return to their offices, more border exemptions expected
3rd Jun 20, 3:35pm
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Level 1: Gathering and distancing restrictions go, people encouraged to return to their offices, more border exemptions expected
Community sport, religious gatherings and weddings get green light as gatherings of up to 100 people allowed from Friday
25th May 20, 5:19pm
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Community sport, religious gatherings and weddings get green light as gatherings of up to 100 people allowed from Friday
RBNZ says banks haven't been lending heaps partly because some businesses don't want more debt... yet; Meanwhile Grant Robertson eyes new ways to support medium-sized businesses as small businesses pile in for interest free loans from the IRD
14th May 20, 8:32am
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RBNZ says banks haven't been lending heaps partly because some businesses don't want more debt... yet; Meanwhile Grant Robertson eyes new ways to support medium-sized businesses as small businesses pile in for interest free loans from the IRD
Management consultancy McKinsey & Co says the COVID-19 pandemic has revealed unexpected flaws in banks' business models which they must urgently address
12th May 20, 8:06am
Management consultancy McKinsey & Co says the COVID-19 pandemic has revealed unexpected flaws in banks' business models which they must urgently address
Ministry of Health news conference of the review of the lockdown status for New Zealand, starts at 1pm
7th May 20, 12:51pm
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Ministry of Health news conference of the review of the lockdown status for New Zealand, starts at 1pm
RBNZ releases economic scenarios ahead of much-anticipated Monetary Policy Statement; Takes a more upbeat view than Treasury, but notes that even at Level 1 international tourism will be reduced to 10% of normal activity
6th May 20, 10:29am
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RBNZ releases economic scenarios ahead of much-anticipated Monetary Policy Statement; Takes a more upbeat view than Treasury, but notes that even at Level 1 international tourism will be reduced to 10% of normal activity
Jacinda Ardern expects the formation of a trans-Tasman bubble to see quarantine restrictions lifted, but says this won't happen in the 'very, very near short-term'
4th May 20, 6:34pm
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Jacinda Ardern expects the formation of a trans-Tasman bubble to see quarantine restrictions lifted, but says this won't happen in the 'very, very near short-term'
Jenée Tibshraeny on what was worse than Parliament mistakenly passing a law enabling taxpayers to lend billions to business
2nd May 20, 3:24pm
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Jenée Tibshraeny on what was worse than Parliament mistakenly passing a law enabling taxpayers to lend billions to business
Government broadens Business Finance Guarantee Scheme substantially to include both agri and very small businesses; Also allows banks to write unsecured loans should they choose to do so
1st May 20, 4:05pm
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Government broadens Business Finance Guarantee Scheme substantially to include both agri and very small businesses; Also allows banks to write unsecured loans should they choose to do so
Government looking to help commercial landlords and tenants negotiate rent concessions, but won't subsidise rent costs nor impose blanket rent hike freezes
29th Apr 20, 3:50pm
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Government looking to help commercial landlords and tenants negotiate rent concessions, but won't subsidise rent costs nor impose blanket rent hike freezes
RBNZ Governor says the decision to stop the banks paying dividends was to make sure $5 billion of Government money went to New Zealand businesses
22nd Apr 20, 8:37am
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RBNZ Governor says the decision to stop the banks paying dividends was to make sure $5 billion of Government money went to New Zealand businesses
Adrian Orr sees the economy making a 'sluggish' rather than a 'V-shaped' recovery; Says retail banks should lend 'courageously' but 'we need to keep open-minded to other forms of credit'
16th Apr 20, 7:40pm
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Adrian Orr sees the economy making a 'sluggish' rather than a 'V-shaped' recovery; Says retail banks should lend 'courageously' but 'we need to keep open-minded to other forms of credit'
Tax relief for SMEs and support for commercial property tenants expected to be unveiled this week; Grant Robertson says Level 3 will be about 'safe economic activity'
14th Apr 20, 3:54pm
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Tax relief for SMEs and support for commercial property tenants expected to be unveiled this week; Grant Robertson says Level 3 will be about 'safe economic activity'
Kiwibank CEO says banks are being 'open-minded' when it comes to assessing credit risk, but warns coming out of lock-down will be more of a 'wicked problem' than going into it was
3rd Apr 20, 12:43pm
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Kiwibank CEO says banks are being 'open-minded' when it comes to assessing credit risk, but warns coming out of lock-down will be more of a 'wicked problem' than going into it was
In a new report ratings agency Moody's Investors Service says disruption from coronavirus will weaken NZ’s economic growth leading to increases in problem loans, weighing on banks’ profitability and capitalisation
2nd Apr 20, 3:28pm
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In a new report ratings agency Moody's Investors Service says disruption from coronavirus will weaken NZ’s economic growth leading to increases in problem loans, weighing on banks’ profitability and capitalisation
RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
2nd Apr 20, 10:03am
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RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
1st Apr 20, 6:15pm
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More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
Govt to announce commercial property sector support this week; Banks nearly ready to write taxpayer-backed business loans; Treasury says 'bespoke' support for big business could involve debt, equity or regulatory relief
1st Apr 20, 2:54pm
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Govt to announce commercial property sector support this week; Banks nearly ready to write taxpayer-backed business loans; Treasury says 'bespoke' support for big business could involve debt, equity or regulatory relief