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PM’s ‘name and shame’ moment for non-essential firms still trading
Prime Minister Jacinda Ardern turned enforcer this afternoon when she was told a central Wellington cafe was open and serving people seated closely together, in contravention of the rules allowing ‘essential services’ to operate during the lockdown.“What was the name of the cafe?...
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Retail
Supermarkets see spending spree as shutdown looms
Stockpiling by households yesterday looks set to be followed by a sharp collapse in discretionary spending as mandatory self-isolation from midnight tomorrow shuts much of the economy.Non-essential businesses are already closing in anticipation of the lockdown and even before Mon...
Economy
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...
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...
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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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