A new post-pandemic group has been formed for the multibillion-dollar infrastructure sector to gear up after the coronavirus level 4 alert ends.Minister of Infrastructure Shane Jones and Minister of Economic Development and Transport... Source: NZ Herald Business News
From RNZ A nationwide property management company has changed the wording of its advice to landlords wanting to offer rent holidays to tenants struggling during the Covid-19 shutdown.Property Brokers had been suggesting on its... Source: NZ Herald Business News
Air New Zealand currently has grounded more than half its fleet as travel restrictions bring passenger flights to a near halt.The airline has 114 aircraft, and now 58 of them are parked up at airports around the country.That includes... Source: NZ Herald Business News
While their doors will remain firmly shut, Briscoes will sell a limited range of essential items online during the national lockdown.The company join retailers Harvey Norman, The Warehouse, Noel Leeming and Mitre 10, who are allowed... Source: NZ Herald Business News
Many New Zealand infrastructure companies are within weeks of insolvency, putting as many as 30 per cent of the jobs in the sector at risk within the next three months unless a staged return to work can be arranged, the sector's main... Source: NZ Herald Business News
Spending through Paymark dropped more than 70 per cent on the first day of lockdown, and remained at record low levels through the week to Sunday, March 29.Spending on the Monday and Tuesday ahead of the lockdown on March 26 was,... Source: NZ Herald Business News
Unions are urging Air New Zealand to preserve as many jobs as possible as redundancy negotiations step up.The airline says it needs to lay off a third of its 12,500 staff as it faces a drastic loss of revenue as flying comes to... Source: NZ Herald Business News
KEY POINTS: • PM says some border controls will need to be in place until a vaccine is ready • That could be 12 to 18 months away, experts estimate • No overseas arrivals will devastate international tourist and... Source: NZ Herald Business News
KEY POINTS: • Another 76 cases of coronavirus confirmed in NZ today • It brings the total to 589 since pandemic began• Family of the only woman to die in NZ of Covid-19 say her death is a 'wake-up call' • Two... Source: NZ Herald Business News
More than 10,000 home loan borrowers have applied or enquired about mortgage relief from the banks in just a few days.Finance minister Grant Robertson announced an in-principle agreement with the banks to offer up to six months... Source: NZ Herald Business News