Government to private sector: please pay your bills faster

Rebecca Howard
Tue, 19 May 2020

The government can throw billions of dollars at small and medium enterprises to help them weather the impact of covid-19 but, when it comes to making the private sector stop dragging its heels on payments, all it can do is meekly ask. Late payments have long been a problem for small businesses, with more than half owed about $7,000 on any given day. Finance Minister Grant Robertson, Small Business Minister Stuart Nash and Commerce and Consumer Affairs Minister Kris Faafoi said they had written to a cross-section of “significant New Zealan...
Finance
Regulator sues ANZ over credit card insurance
Dan Brunskill | Fri, 05 Jun 2020

The Financial Markets Authority has filed High Court proceedings against ANZ Bank New Zealand, alleging it charged some customers for credit card repayment insurance policies that offered those custom...

Markets
MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus
Rebecca Howard | Fri, 05 Jun 2020

Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payr...

Infrastructure
Loss expected from NZ Steel on covid shutdown
Gavin Evans | Fri, 05 Jun 2020

BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Paci...

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These extraordinary times have shown us that those that can think on their feet, remain focused on the shifting needs of their customers and also have a plan are the ones most likely to succeed.

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Go local: Kiwi firms need your business to survive

Now, more than ever, Kiwis must support local businesses so they can keep Kiwis employed.