Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Finance
Landlords and home owners eligible for mortgage holiday
First details of the trading banks' mortgage repayment holiday and government-backed emergency business lending package are emerging, with some banks confirming they will make mortgage repayment holidays available to both home owners and landlords who own rental properties.Only W...
Property
Many firms refuse to pay rent through the crisis
Many large businesses have unilaterally informed their landlords that they won't be paying the rent through the nation's lockdown and that could devastate the commercial, industrial and retail property sectors, the Property Council New Zealand said.The council represents the owne...
Economy
Essential services Chorus, King Salmon stick to earnings outlook
Telecommunications network operator Chorus and fish farmer NZ King Salmon are sticking to their earnings forecasts, despite the national lockdown.Both companies are deemed essential services and have adapted to the new environment. Chorus is postponing $50 million of capital spen...
Infrastructure
Lockdown sees power demand drop to three-month low
Electricity demand has fallen to a three-month low as the country’s covid-19 lockdown shutters offices and factories nationwide.Power use fell to 93.86 gigawatt-hours yesterday, according to Electricity Authority data, 14 percent less than Thursday last week. It was down almost 7...
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