Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
No early chance for international education to resume - Robertson
Coronavirus

No early chance for international education to resume - Robertson

Hopes of some education providers that foreign students could start arriving within weeks using existing quarantine facilities are looking increasingly unlikely.

Pattrick Smellie 08 May 2020
Banks have lent only $23m of the govt's $6.25b business lending scheme
Coronavirus

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

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...

Jenny Ruth 08 May 2020
NZ top 25 continue to mix funding sources
Coronavirus

NZ top 25 continue to mix funding sources

The top 25 companies on the NZX continue to dominate alternative funding, with the next tier of 25 listed companies relying on banks as their primary source of debt, according to Chapman Tripp’s latest funding composition survey. Of the top 25 companies by pre-covid market cap...

Brent Melville 08 May 2020
Fonterra's Chilean operations weathering covid-19
Coronavirus

Fonterra's Chilean operations weathering covid-19

Fonterra Cooperative Group’s Chilean dairying operations have weathered the coronavirus storm so far. “Soprole’s and Prolesur’s operations, including milk collection and processing, continue largely uninterrupted,” said Kelvin Wickham, chief executive for the firm's operations...

Rebecca Howard 08 May 2020