Economy
Explore the latest economy news by BusinessDesk
Policy
Govt guarantees $6.25b emergency business lending; mortgage holiday coming
Trading banks are being offered government guarantees on a maximum of $6.25 billion in new lending to "solvent businesses" to help tide them over the economic hit caused by the covid-19 crisis.The government will bear 80 percent of the credit risk of that lending, with the remain...
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Policy
Essential services: Govt clarifies who's in and who’s out
The government has published a more detailed list of which businesses and organisations can be considered essential services as the country prepares for lockdown from midnight Wednesday. At a press conference this afternoon, Ministry of Business, Innovation & Employment deput...
Policy
Airlines told to find ways to keep freight moving
Transport Minister Phil Twyford wants airlines to put forward proposals to keep capacity on key air freight routes for at least the next six months.Up to $330 million will be made available to ensure those routes are maintained, and to deal with any other issues that may arise in...
Infrastructure
Nanny agency aims to provide childcare to essential workers
An agency that normally specialises in matching au pairs with families is working to assist families of workers performing essential services with children at home because of the coronavirus crisis.The agency, Dream Childcare, is also calling on workers who have been laid off but...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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