Banks have lent only $23m of the govt's $6.25b business lending scheme

Jenny Ruth
Fri, 08 May 2020

Jenny Ruth
Fri, 08 May 2020
New figures from the New Zealand Bankers' Association show why Finance Minister Grant Robertson has appeared frustrated about the lack of lending under the government's $6.25 billion business finance guarantee scheme. NZBA said only 174 loans worth a total of $23 million have been lent by banks under the scheme to date. The organisation said BFGS loan applications take about 10 working days to process and that most of the loans approved so far were approved using the initial eligibility conditions. Last Friday, the Treasury changed tho...
Opinion
JEHAN CASINADER: Black lives matter – but changing your Facebook photo does not
Jehan Casinader | Sat, 06 Jun 2020

My Facebook timeline is a sea of black.  During the week, many of my friends posted photos of empty black squares, to express their anger at the brutal killing of Minneapolis man George Floyd.The idea...

Markets
Is the art market covid-proof? Well, just maybe
Pattrick Smellie | Sat, 06 Jun 2020

Wellington art auction house Dunbar Sloane marked the end of an era this week, bringing the hammer down - or in this case, an HB pencil clasped in the left hand of veteran auctioneer Anthony Gallagher...

Listed Companies
BRIAN GAYNOR: Colin Neal – taking the NZX by storm
Brian Gaynor | Fri, 05 Jun 2020

Who is Colin Neal, the former Big Chill owner who sold out to Freightways and is now charging like a bull through the NZX? Neal has gone from refrigerated transport to brewing and restaurants to st...

SPONSORED
Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks

SPONSORED
Profit or Loss: The Dangers of Fake ROI

It's hard to know what is going to happen in the future. This virus and its effects are changing everything, so businesses need to take a careful look at their marketing.