ELECTION 2020: National eyes KiwiSaver to fund new businesses

Paul McBeth
Wed, 29 Jul 2020

The National Party wants the looming wave of unemployed to start up their own businesses, and will let them draw down on their retirement funds to get things going. Overshadowed by the prospect of major reform to the Resource Management Act, National leader Judith Collins today outlined the latest in her party’s plans to revive the pandemic-struck economy. If elected, National would introduce its BusinessStart policy to provide capital to the estimated 500,000 Kiwis out of work to set up their own businesses, starting with a $1,000 vouche...

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Markets

MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide

Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up

Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy

UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates

Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor) The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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