Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


A Time For Resilience

The government’s $12.1b stimulus package designed for businesses bearing the brunt of Covid-19 has been welcomed by Economic Development NZ (EDNZ). The package includes a $5b wage and $126m leave payment subsidy to support self-isolation.

“The quantum of the package at 4 percent of GDP is significant and encouraging to regions working with small and medium sized businesses. The comprehensive approach taken by the New Zealand government to widen the safety net during these very challenging times are appropriate, good practice and aligned with the policy remedies recommended by the OECD. This support is critical to ensure we head towards a resilient outcome for our people, companies, towns, cities and regions” says chair Pam Ford.

“Members of EDNZ are already working closely with government to provide real time market intelligence that can be used to inform ongoing interventions and their deployment at a local and regional level. Government has listened. Our member organisations’ are also an important source of advice for businesses large and small.

“With no end date in sight for the pandemic and its economic impact internationally, now is the time for ‘NZ Inc’ to work together at all levels. Supporting resilience and providing proactive steps to support our people and businesses, while we deal with health concerns will enable us to recover quickly from this pandemic” says Pam Ford.

EDNZ encourages companies to consider the following when responding to Covid-19:

Market resilience:

  • Become familiar with the programmes in your region and nationally that are available to assist your business
  • Plan for the short term impacts and medium term recovery, 12-18months
  • Look for prudent and innovative ways of continuing business activity within pandemic response policies
  • Consider ways to keep employees on if facing a downturn
  • As consumers and businesses, support the local economy by keeping to normal spending habits and supporting your local businesses.

    © Scoop Media

Business Headlines | Sci-Tech Headlines


Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>

Commerce Commission: Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown

Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. The warning ... More>>