Evening Business for 27 April 2011
Audio, Radio New Zealand
Business confidence has rebounded sharply, despite February's devastating earthquake in Christchurch.
Business confidence has rebounded sharply, despite February's devastating earthquake in Christchurch.
Discusses the uneven economic cost of the Christchurch earthquake.
News from the business sector focusing on the impact of the Christchurch earthquake, the bulletin includes a market report.
Businesses appear to be getting over the shock of the February earthquake in Canterbury with many more now saying they expect better times ahead.
The impact of the Canterbury Earthquake on insurance and the EQC's finances.
As businesses in Christchurch start to think about what, if any, help they can expect from the government following Tuesday's devastating earthquake, some small businesses around the city are starting to reopen.
Christchurch earthquake costs shake Tower's bottom line.
Consumer confidence has stabilised after falling to a two year low in March, following the Christchurch earthquake.
A study by Canterbury University shows businesses have withstood the 7-point-one-magnitude Canterbury earthquake well.
Some Christchurch businesses are accusing the government of winding down its earthquake assistance programme too soon.
The Government has announced a 120-million dollar finance package to help workers and businesses hit by last week's Christchurch earthquake.
Big businesses are getting the thumbs up for the way they've looked after their workers after the Christchurch earthquake.
Kathmandu has announced plans to build its new national distribution centre in the Christchurch suburb of Woolston, in a vote of confidence for the earthquake-damaged city.
Surging oil prices and the impact of devastating earthquakes in Christchurch and Japan have prompted Air Zealand to issue a profit warning.
Tourism is in for a short, sharp shock as fewer people visit New Zealand after the earthquakes in Japan and Christchurch and Genesis Energy says customers have no one to blame but themselves when electricity prices spiked last Saturday.
The Christchurch-based insurer, AMI, says it won't be until June next year before it knows the final cost of earthquake claims, though the company's confident it won't need to draw on the government's backstop support package.
Farmers and rural businesses have been combining their efforts to bring desperately needed fresh water supplies to earthquake shattered Christchurch.
A new centre being set up to help Canterbury businesses struggling after the recent earthquakes says it's getting ready to open its doors and is calling for applications from interested companies.
The Bank of New Zealand has set aside 60 million dollars for potential credit losses from the earthquakes in Christchurch.
Among those businesses most affected by the end of the welfare scheme are cafes, restaurants and bars. 100 such businesses have closed in the central city alone because of the earthquake.
More than a houndred people with businesses in Christchurch's CBD have stormed a cordon into the Red Zone, in frustration at still not being allowed access to their buildings - one month on from the earthquake.
One Christchurch business has found just the right ingredients to rise again."The Naked Baker"gave away all of their cakes and buns and baked goods to the people of North Brighton after the earthquake on February 22nd. Co-owners Darren Carlaw and Andrew Snee started the bakery, coffee roastery and mobile food business 8 years ago. The cafe had to shut for more than 2 weeks to clean up all the damage . They didn't know what to expect when the business re-opened. What they discovered is that business is up by 30% thanks in part to their ability to bring their coffee and cakes to the many offices that have moved out of the center of town.
Some Christchurch business owners are criticising the government for winding down the earthquake support package. The Government has extended the package, which pays employees of quake effected business a wage subsidy for two more weeks.
Business confidence has tumbled to a two-year low blamed mainly on the Christchurch earthquake.
Matthew Carpenter is from the Canterbury Business Recovery Network. Gerry Brownlee is a Christchurch MP.
Returning now to the emergency finance package for Christchurch businesses, which the Prime Minister announced this afternoon.
The national wool auction system is back in business after being knocked out of action by the Christchurch earthquake.
A Canterbury business leader says local firms are worried that the earthquake rebuilding effort is in danger of losing its way.
In quake-ravaged Christchurch businesses are tentatively restarting, and infrastructure is being restored, but there's ongoing uncertainty about job losses and how people will survive financially. Within six days of the February earthquake; the Government had introduced a subsidy scheme for businesses and their employees, as well as people who'd found themselves out of a job. Now there's growing disquiet about what will happen to thousands of Cantabrians when that support scheme finishes at the end of May.
From tomorrow, the Government is winding down the subsidy that allows earthquake-damaged businesses in Canterbury to keep paying their workers' wages.