Economy
Explore the latest economy news by BusinessDesk
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Coronavirus
An end game to covid-19 - John Key
The difference between the current pandemic and the 2008 global financial crisis was that there is an “end game” for covid-19 in the form of a vaccine, former Prime Minister John Key said.While there was no doubt that the covid-19 response would hurt global economic growth in the...
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Property
Some landlords losing an average of $1000 a week
Losses made by residential landlords whose tenants had reneged on rent amounted to an average of $1,059 last week, the NZ Property Investors' Federation said today. The property federation, which represents about 7,000 residential property owners and managers across the country,...
Economy
Companies get 6-month safe harbour on solvency law
The government has responded to an increasing clamour from the business community and created a six-month "safe harbour" for directors of companies that would otherwise face insolvency as a result of the coronavirus crisis and national shutdown.Finance Minister Grant Robertson st...
Economy
Extend loan scheme to smaller businesses - NZ Initiative
The government's $6.25 billion business finance guarantee scheme should be widened to include small businesses with revenue of $100,000 or more, said the New Zealand Initiative. Currently, the scheme is open to businesses with turnover between $250,000 and $80 million as part...
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Pattrick Smellie
Founding Editor
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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