Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top busi...
Brad Olsen: Infometics Principal Economist outlines economic predictions for 2025
The Prime Minister has copped some backlash over the state of the economy during his morning media round. This follows two disappointing showings for the coalition in the polls, with Chris Luxon's standing as preferred Prime Minister taking a hit. Luxon has stayed optimistic - and Infometics Principal Economist Brad Olsen is hopeful things will turn around later in the year. "Those interest rates are coming down - but it takes a bit of time for everyone to re-fix onto them. And at the same time, data out recently showed that the unemployment rate has been going up. So I do think we're in that odd period...but there are those greener shoots showing through." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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5:04
Edward Miller: Centre for International Corporate Tax Accountability and Research expert reveals how much tax Netflix pays in NZ
Questions have been raised over how much tax Netflix is currently paying in New Zealand. Research indicates there are over 1.3 million Netflix users in New Zealand paying at least $18.50 per month each. However, new reports reveal the company apparently doesn't meet the $11 million revenue threshold to make finances public - indicating Netflix pays a smaller-than-expected tax bill. Edward Miller, an expert from the Centre for International Corporate Tax Accountability and Research, says many Kiwi users are justified in wanting to learn more about what Netflix pays. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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5:54
Shane Wilson: mill general manager on the Tai Rāwhiti mill reopening under Australian management
The Tai Rāwhiti mill that ran for 30 years before it was shut down in late 2023 is set to re-open in the coming months, with new Australian owners. About 87 staff were impacted by Japanese-owned Juken's decision to close the mill - amid financial difficulties and weak demand for Japanese housing wood products. Millari Group of Australia confirmed in a statement that it will upgrade and re-establish the 25-hectare site in Gisborne over the coming months. Mill general manager Shane Wilson says more details will be revealed over the next few weeks - with repairs and upgrades needed to boost operations. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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4:23
Todd McClay: Trade Minister outlines the costs of Trump's tariffs for New Zealand
The Trade Minister is laying bare the cost of Donald Trump's tariffs for New Zealand. The US President is imposing 25 percent tariffs for all steel and aluminium imports - and says there'll be no exceptions. Todd McClay says that's not surprising, following similar moves by Trump in his first term. He says it won't significantly impact us, especially compared to exports like beef and wine. "For New Zealand exporters, we will face about an extra $5 million of tariffs - plus or minus - that's on about $150 million total of exports." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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5:16
Cameron Bagrie: independent economist on whether New Zealand's Superannuation needs to be reformed
An economist says New Zealand needs to have a tough conversation about superannuation. Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually. Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot. Cameron Bagrie says we can't keep kicking the can down the road. "More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money and they're double dipping." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.
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