The SME Stream

The Labour leader says New Zealand needs an honest conversation about paying for its future.   Our newsroom understands party delegates will vote on whether to support a capital gains or wealth tax at its annual conference this weekend.   Chris Hipkins says about 70% of government tax revenue comes from personal income taxes - while the OECD average is half as much.  He told Kerre Woodham that's b...

The Reserve Bank is set to make its final decision for the Official Cash Rate for the year tomorrow afternoon.  The general consensus among experts is that the OCR will be cut by at least 50 basis points. HSBC chief economist Paul Bloxham says the Reserve Bank needs to strike the right balance for the economy. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financ...

President-elect Donald Trump has threatened to hit Mexico, Canada and China with new tariffs as soon as he takes office. In a post on social media, Trump promised to charge Mexico and Canada an additional 25 percent tariff on all products they send to the US - and an additional 10 percent tariff will be placed on Chinese goods. Infometrics Principal Economist Brad Olsen says these trade changes co...

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and former Labour Chief of Staff Mike Munro joined in on a discussion about the following issues of the day - and more!  Former National MP Nikki Kaye died aged 44 after a lengthy battle with cancer. People from all sides of the political spectrum came together to pay tribute to her - what made her so special? What will we remember a...

A former Reserve Bank economist says there's a case for the Reserve Bank cutting the Official Cash Rate by 75 basis points.   The Reserve Bank will release its latest decision today.   It's widely expected to cut the rate by 50-basis points from 4.75% to 4.25%.   Former reserve bank economist Michael Reddell told Mike Hosking the Reserve Bank's view of an OCR of 2.5-3% as being neutral is the best...

I reckon former Labour Party leader David Cunliffe might have just done the best sell job on a capital gains tax that any politician in New Zealand —or anyone for that matter— has ever managed to do.  It might have something to do with the fact that taxes —of any sort— get people rather fired up, and a lot of people are anti-capital gains tax. In my experience, even people who say they’re on the l...

[VIDEO EPISODE ON YOUTUBE & SPOTIFY] Interest rates are continuing to be cut, with another Reserve Bank move expected this week. How soon will it result in economic relief? The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for...

The Finance Minister's foreshadowing an update on whether the Government's books are still on track for surplus in 2027-2028.  Nicola Willis will deliver the half yearly economic and fiscal update in about three weeks.  She says that will illustrate the latest forecasts for a surplus - and seemed to caution against unrealistic expectations. "I've always been clear - I'm not going to chase a surplu...

New Zealand is bracing for a high stakes poker game, preparing for Donald Trump’s tariffs to be introduced.  The US Business Summit is taking place in Auckland, and Trump is set to be a significant talking point.  NZ Inc Managing Director Fran O’Sullivan told Ryan Bridge that there’s likely to be an element of negotiation when it comes to the implementation of tariffs.  She says that Trump’s selec...

[VIDEO EPISODE ON YOUTUBE & SPOTIFY] Resene Paint has been in the business of colour for 78 years. But the family-owned company is now facing margin pressure in its manufacturing operation. The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ...

The Reserve Bank is set to meet for the last time this year to review the Official Cash Rate. Economists predict a cut will come - but it's unclear if the Bank will cut as high as 75 percent. NZ Herald business editor at large Liam Dann unpacks the odds. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the...

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina Shrimpton each week as she gives you a rundown of the biggest stories that could impact on your business, so you can make informed decisions with expert advice. In this weekly wrap, we’re just a few days out from the next OCR announcement so what can we expect? We unpack new job dat...

A senior Reserve Bank official has taken aim at the big banks and accused them of stifling innovation and competition by underinvesting in technology. Addressing delegates at a Payments NZ conference on Tuesday, the banking regulator’s director of money and cash, Ian Woolford, claimed there was a role for better regulation to push banks to keep up with their peers overseas. But the banks have push...

New crime figures are a mixed bag for retailers.  Data released by the Police Minister shows a 61% drop in ram raids in the first nine months of the year, compared to the same period in 2023.  But thefts at retail premises are up 12%, and there's been no change in breaking and entering or acts intended to cause injury.  Dairy and Business Owner's Group Vice Chairperson, Ash Parmar told Ryan Bridge...

The pressure on New Zealand's labour market continues to tighten, with job ads falling for the third consecutive month. Despite these grim figures, one expert has noticed there's light at the end of the tunnel for the economy Infometrics Principal Economist Brad Olsen explains further. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advic...

[VIDEO EPISODE ON YOUTUBE & SPOTIFY] Our savings pool is growing but our stock market is shrinking. Why wealth firms are investing money offshore instead. The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses result...

Industry professionals feel it will take more than a tipline to uncover where the problems lie in infrastructure.   The Ministry of Regulation has created a red tape tipline, where people can report their 'regulation horror stories'.   Infrastructure New Zealand Chief Executive Nick Leggett says it's a good way to get the public involved.   He told Mike Hosking regulation is adding massive cost to...

Investment markets have recovered significantly over the past two years following a weak 2022.  And, Donald Trump winning the U.S. election is bound to have impacts on New Zealand's markets and the U.S. dollar.  Director and Head of Multi Asset & Global Investment at Harbour Asset Management, Chris Di Leva joins.  LISTEN ABOVE The podcasts in the SME Stream contain general information only, no...

The Government's taking a new approach to Public-Private Partnerships for infrastructure projects.   There will be a reduced risk for private partners and guidance for agencies on how to lower the cost and time burden in the bidding process.  Infrastructure New Zealand Chief Executive Nick Leggett was Mayor of Porirua, when a Public-Private Partnership was established to build Transmission Gully. ...

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina Shrimpton each week as she gives you a rundown of the biggest stories that could impact on your business, so you can make informed decisions with expert advice.    In this weekly wrap, retail spend numbers are out, we unpack the impact of the US election on our economy and the i...

Last year, we prematurely dubbed 2023 the year of AI but how could we have know what 2024 would bring. Generative AI has solidified it's position in the pantheon of disruptive technologies as hype settled into pragmatism and tech talent across the world put it to work. We've assembled three AI experts from across NZ's industry to talk about the year in AI that was, and look ahead at what to expect...

It's been a week since Donald Trump won the US election - and the markets underwent a shift once the results became clear.  Small to medium-sized businesses have picked up - and they're expecting to see a boost driven by proposed tax cuts and fewer regulations. Milford Asset Management's Stephanie Batchelor unpacked the results further. The podcasts in the SME Stream contain general information on...

Economists are warning that NZ may have to downgrade its economic outlook as a result of Donald Trump’s re-election.  Analysts from BMI have revised down our growth forecast from 2% to 1.8% for next year.  Infometrics Principal Economist Brad Olsen tells Heather du Plessis-Allan it is not just the proposed tariffs that are causing the outlook.  LISTEN ABOVE  The podcasts in the SME Stream contain ...

Retailers continue to struggle along as many watch every penny spent.  Electronic card spending data showed a 1.1% fall in October compared to last year. September was down 5.6%.  As retailers brace for the most important season of the year, Chief Executive at Retail NZ Carolyn Young tells Heather du Plessis-Allan it may be a tough period of time.  LISTEN ABOVE  The podcasts in the SME Stream cont...

Gen Z can be credited with a few things – an uptick in climate awareness, the ability to work any kind of technology, and the revival of straight leg jeans, just to name a few. However, recruiters across the ditch in Australia have spoken out about Gen Z graduates’ demands on employers –saying their arrogant expectations are leaving a bad taste in their bosses’ mouths. The oldest of the generation...