Firms impose tougher travel, meeting restrictions than govt

Firms impose tougher travel, meeting restrictions than govt
Pattrick Smellie
A growing number of large New Zealand companies are starting to impose domestic travel bans, restrictions on meeting attendance and are even considering preventing staff from moving off the floors they normally work on.While reluctant to name names, Business New Zealand chief executive Kirk Hope told BusinessDesk that "some of the examples I am aware of ... are companies with more than $100 million turnover."Among those are understood to be the major trading banks, some of which have already moved either to ban non-essential domestic travel or...

More Economy

RBNZ 25bps rate cut wasn't unanimous
Economy

RBNZ 25bps rate cut wasn't unanimous

The vote was 5 to 1 to cut by 25 basis points. 

Rebecca Howard 28 May 2025
RBNZ cuts, signals more to come
Economy

RBNZ cuts, signals more to come

Risks around the economic outlook are heightened. 

Rebecca Howard 28 May 2025
Not everyone thinks the RBNZ should cut this week
Economy

Not everyone thinks the RBNZ should cut this week

Three out of five members of NZIER's Shadow Board recommend a hold. 

Rebecca Howard 26 May 2025
Downturn dims luxury's lustre
Retail

Downturn dims luxury's lustre

Louis Vuitton NZ's revenue dropped 10.7% to $82.2 million year on year.

Gregor Thompson 26 May 2025