Business with Rod Oram
Audio, Radio New Zealand
Rod discusses the business and economic impacts of the Canterbury earthquake.
Rod discusses the business and economic impacts of the Canterbury earthquake.
The impact of the Canterbury Earthquake on insurance and the EQC's finances.
News from the business sector focusing on the impact of the Christchurch earthquake, the bulletin includes a market report.
The campervan company, Tourism Holdings, says it doesn't expect the North Canterbury earthquake to have any material impact on its tourism business in either the near or long-term.
Surging oil prices and the impact of devastating earthquakes in Christchurch and Japan have prompted Air Zealand to issue a profit warning.
A new research project will study the ongoing impact of "quake brain" on people's memory and other cognitive functions a decade after the Canterbury earthquakes; a Masterton print business that can't find a way to recycle its plastic waste has highlighted a national problem; a programme offering free period products for all school students is to be rolled out nationwide from June; and why don't we eat possum?
The Reserve Bank has cut its benchmark interest rate, to support the economy against the impact of the Covid-19 virus. The central bank cut its official cash rate to 0.25 percent from one percent. Governor Adrian Orr says the cut is necessary to support businesses and employment. The last time the Reserve Bank made such a big cut was in March 2011 after the Canterbury earthquake. Last week, the bank outlined a range of unconventional monetary policy tools such as negative interest rates, special loans to banks, and buying bonds to put money into the economy. Cameron Bagrie is an independent economist. He speaks to Susie Ferguson.
1. PHIL TWYFORD to the Minister for State Owned Enterprises: What reports, if any, has he received about KiwiRail's plans to get rid of electric locomotives on the North Island Main Trunk Line and replace them with diesel locomotives? 2. JULIE ANNE GENTER to the Minister for State Owned Enterprises: Is he considering replacing the electric locomotives with diesel locomotives on the Main Trunk Line, and would this mean removing electrification on that line. 3. DAVID BENNETT to the Minister of Finance: What reports has he received on the New Zealand economy and business sentiment? 4. Rt Hon WINSTON PETERS to the Minister for Primary Industries: Does he believe the Dairy Industry Restructuring Amendment Act 2012 has achieved "a stable, permanent capital base for the Co-operative, secures our future and will support progress with our strategy to grow volumes and value"; if so, why? 5. MATT DOOCEY to the Minister for Social Development: What announcements has she made to improve statutory child protection in New Zealand? 6. Dr DAVID CLARK to the Minister for Economic Development: What lessons, if any, on regional economic development has he drawn from his recent ministerial visits to Northland? 7. CATHERINE DELAHUNTY to the Minister for State Owned Enterprises: Will he stop any further work on dairy conversions by Landcorp, in light of the drop in the dairy price yesterday and concerns about the impact that those conversions will have on water quality; if not, why not? 8. MARK MITCHELL to the Minister of Trade: What recent steps has the Government taken to promote and support New Zealand exporters? 9. Hon DAVID PARKER to the Minister of Trade: What monetary and other assistance was provided by the New Zealand Government in support of his bid for appointment as Director-General of the World Trade Organisation? 10. BARBARA KURIGER to the Minister for Small Business: How are small businesses benefiting from the Better for Business - Result 9 Programme? 11. POTO WILLIAMS to the Minister for Social Housing: Why are Christchurch's social housing organisations facing increased homelessness four years after the last major earthquake? 12. MAHESH BINDRA to the Minister of Corrections: Does he stand by all his answers given to the House on 1 April 2015?
NUK KORAKO to the Minister of Finance: How does New Zealand’s growing economy and the Government’s commitment to responsible fiscal management mean New Zealand is well-placed to respond to the Kaikōura earthquake? ANDREW LITTLE to the Prime Minister: Has he spoken to relevant Ministers about the lessons learned from the Canterbury earthquakes to ensure people affected by the recent earthquakes have an easier and faster recovery? STUART SMITH to the Minister of Civil Defence: What update can he provide about the Government’s response to the Kaikōura earthquake? RON MARK to the Prime Minister: Can he update the House on the situation in quake-affected areas in the South Island? JAMES SHAW to the Prime Minister: Is he committed to all his Government’s policies? Hon ANNETTE KING to the Minister of Health: Does he stand by his statement that following the Valentine’s Day earthquake this year in Canterbury, “it was timely to review whether any additional mental health and wellbeing support was needed”; if so, will he consider reviewing whether any additional support is needed for Canterbury and Nelson-Marlborough district health boards as a result of the recent earthquakes? JACQUI DEAN to the Minister of Transport: What updates has he received on damage to transport infrastructure following the Kaikōura earthquake? JAN LOGIE to the Minister for Workplace Relations and Safety: What is his response to yesterday’s call from members of the Joint Working Group on Pay Equity Principles for the Government to “immediately right this historic wrong and implement the JWG principles”? JACINDA ARDERN to the Minister for Economic Development: When is he likely to announce a recovery or support package for small businesses in earthquake-affected areas? KANWALJIT SINGH BAKSHI to the Minister of Police: What are New Zealand Police doing to support the Kaikōura community? CHRIS HIPKINS to the Minister of Education: When did she first discuss the potential impact of Monday’s 7.5 earthquake on NCEA and Scholarship exams with the New Zealand Qualifications Authority? IAN McKELVIE to the Minister for Primary Industries: What recent reports has he received on the impact of the recent earthquakes on the primary sector?
Questions to Ministers 1. Hon PHIL GOFF to the Prime Minister: Is he satisfied that actions to address the Christchurch earthquake are an adequate response; if not, what are his areas of concern? 2. AMY ADAMS to the Minister of Finance: What reports has he received on the economic impact of the earthquake in Christchurch on 22 February 2011? 3. Hon CLAYTON COSGROVE to the Minister for Canterbury Earthquake Recovery: Is he satisfied with the level of support being offered to the people of Christchurch in the wake of the earthquake on 22 February 2011? 4. NICKY WAGNER to the Minister for Social Development and Employment: What is the Government doing to support Canterbury businesses and employees through the earthquake recovery? 5. Hon ANNETTE KING to the Minister for Social Development and Employment: Is she confident that the Ministry of Social Development has responded adequately to the Christchurch earthquake? 6. METIRIA TUREI to the Minister of Finance: Has he considered raising a temporary levy on income to help fund the rebuilding of Christchurch; if so, how much could it raise? 7. AARON GILMORE to the Minister for Tertiary Education: What work has been done to help the families of tertiary students and tertiary institutions affected by the 22 February 2011 earthquake in Christchurch? 8. Hon JIM ANDERTON to the Minister for Canterbury Earthquake Recovery: Will he ensure that Christchurch homeowners and businesses are able to access insurance cover from existing policies or new cover they require since the 22 February 2011 earthquake? 9. Hon JOHN BOSCAWEN to the Attorney-General: Has he asked the Māori Party to agree to amendments to the Marine and Coastal Area (Takutai Moana) Bill that would make it explicitly clear that customary title holders would not be able to charge individuals for accessing a beach, and require any negotiated settlements to be referred back to Parliament for validation; if so, what response did he receive? 10. Hon DAVID PARKER to the Attorney-General: Does the Government intend to proceed this week with its legislation to replace the existing Foreshore and Seabed Act 2004? 11. RAHUI KATENE to the Minister for Canterbury Earthquake Recovery: Did he agree with his spokesman's response to the situation for residents in Christchurch East following the earthquake of 22 February 2011, that, "It is apparent, given the scale out there, that there just wasn't sufficient hardware out there, loos and the like", and what urgent actions have been taken to give priority to communities in the eastern suburbs? 12. COLIN KING to the Minister of Civil Defence: Why was a state of national emergency declared on 23 February 2011?
DAVID BENNETT to the Minister of Finance: How is the Government's economic programme helping to keep interest rates lower during this economic cycle, compared to the previous economic cycle in the mid-2000s? Dr RUSSEL NORMAN to the Minister of Energy and Resources: How much more is an average New Zealand household that uses 8,000kwh of power annually paying for electricity per year as of November 2013 compared to November 2008, according to the Ministry of Business, Innovation, and Employment's latest Quarterly Survey of Domestic Electricity Prices? Hon DAVID PARKER to the Minister of Finance: What will he do to "spread some of the benefits of growth" when hourly wage rates have only grown by 1.6 percent in the year to December 2013, which is close to 0 percent in real terms, when 45 percent of listed corporates have double-digit profit growth? JACQUI DEAN to the Minister for the Environment: What recent announcements has the Government made on the classification for drilling for oil and gas in New Zealand's Exclusive Economic Zone? GRANT ROBERTSON to the Minister of Justice: When she told the House yesterday "I had previously told Oravida that it could not use my name or photograph to endorse or promote its business products or services" when was that and what specific circumstances did it relate to? COLIN KING to the Minister for Tertiary Education, Skills and Employment: How is the Youth Guarantee Scheme helping the Government achieve the Better Public Services target of 85 percent of all 18-year-olds achieving NCEA Level two or an equivalent qualification in 2017? CAROL BEAUMONT to the Minister of Women's Affairs: Does she have confidence in the Ministry of Women's Affairs given their 2013 Annual Report shows that six out of seven policy outcomes have stayed the same or gone backwards in the last past year; if so, why? SCOTT SIMPSON to the Minister for Courts: How is the Government improving the way the Disputes Tribunal works to make it easier for New Zealanders to resolve civil disputes? Hon TREVOR MALLARD to the Minister of Internal Affairs: What action, if any, has he taken this year to show the Prime Minister that he has met the highest ethical standards required by Section 2.53 of the Cabinet Manual? ALFRED NGARO to the Minister of Pacific Island Affairs: What steps is the Government taking to lift the skills of Pacific people in New Zealand? DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: Does he accept the conclusion in the Human Rights Commission's report Monitoring Human Rights in the Canterbury Earthquake Recovery that "many people affected by the earthquakes continue to experience deteriorating standards of living and impacts on their quality of life that go beyond the immediate effects of the disaster"? CATHERINE DELAHUNTY to the Minister of Energy and Resources: Has he had any discussions with any Indian Government Ministers about selling Solid Energy assets?
Questions to Ministers 1. Hon ANNETTE KING to the Minister of Finance: When he said recently "where the Government does have some influence, we are working hard to keep prices low", which prices was he referring to? 2. DAVID BENNETT to the Minister of Finance: What are some of the likely impacts on the Government's finances of the Christchurch earthquake? 3. Hon DAVID PARKER to the Acting Minister for Economic Development: Does he stand by all his statements on economic development? 4. Dr JACKIE BLUE to the Minister for ACC: How many claims has ACC received since the tragic earthquake on 22 February and what steps has the Government taken to facilitate prompt compensation for those seriously injured? 5. Hon MARYAN STREET to the Minister of Civil Defence: What is the basis for according priority to entry of the red zone in the Christchurch central business district? 6. NIKKI KAYE to the Minister for Social Development and Employment: What support is the Government giving to non-government organisations in Christchurch affected by the earthquake? 7. Hon TREVOR MALLARD to the Prime Minister: What role did he or his department play in the decision to shift the Rugby World Cup quarter finals, from AMI Stadium to Eden Park? 8. JACQUI DEAN to the Minister of Corrections: What progress has been made toward the Government's commitment to encourage private sector investment in the New Zealand corrections system? 9. Hon DARREN HUGHES to the Minister for Tertiary Education: What specific policy changes has the Government made to increase the number of apprenticeships and other building-skills training programmes since the September Canterbury earthquake? 10. SUE KEDGLEY to the Minister of Commerce: Will he use his powers under Part 4 of the Commerce Act 1986 to call for an investigation into the dairy wholesale and retail milk market, following the release of the Ministry of Agriculture and Forestry's review of the domestic milk market in New Zealand; if not, why not? 11. CAROL BEAUMONT to the Minister of Women's Affairs: Does she support the retention of the stand-alone and independent Ministry of Women's Affairs? 12. JOHN HAYES to the Minister of Agriculture: What steps has the Government recently made to progress agricultural greenhouse gas research?
1. Hon PHIL GOFF to the Prime Minister: Has the tax switch which he promised would leave no-one worse off fully compensated all New Zealanders for the rise in the cost of living over the last year; if not, which groups are worse off? 2. Dr RUSSEL NORMAN to the Minister of Finance: Does he agree that due to inflation, no new spending in the upcoming Budget is the equivalent of a cut in real terms? 3. DAVID BENNETT to the Minister of Finance: What tax changes take effect on or around 1 April? 4. Hon DAVID CUNLIFFE to the Minister of Finance: Why did he announce on 17 March 2011 that the Government would carry all the costs of earthquake reconstruction on its balance sheet with no reduction in operating spending, when the Prime Minister said just three days later that new operating spending would be reduced to zero? 5. AARON GILMORE to the Minister of Education: What progress has been made re-opening schools and early childhood education centres in Christchurch following the 22 February earthquake? 6. CHARLES CHAUVEL to the Minister of Civil Defence: To date, how many buildings have been demolished in Canterbury without notifications to the building or business owners? 7. HONE HARAWIRA to the Attorney-General: Is he satisfied that he has the support required for the Marine and Coastal Area (Takutai Moana) Bill to pass into law? 8. DARIEN FENTON to the Minister of Labour: What impact, if any, will the Christchurch earthquake have on the Government's employment law changes due to be implemented on 1 April? 9. JONATHAN YOUNG to the Minister of Corrections: What progress has been made toward the implementation of the smoking ban in New Zealand prisons? 10. CLARE CURRAN to the Minister for Communications and Information Technology: By what date will the 75 percent of urban New Zealanders receive ultra-fast broadband under his current proposal? 11. METIRIA TUREI to the Prime Minister: Does he stand by his statement that the "Government will build the effectiveness of New Zealand's public transport networks" and "will be working closely with the Auckland Council as they develop their strategic vision for the City through the Auckland Spatial Plan"? 12. TODD McCLAY to the Minister for Social Development and Employment: What counselling support is available for Cantabrians impacted by the earthquake?
Dr JIAN YANG to the Minister of Finance: What changes has the Government made in recent years to make the tax system fairer and to help families and businesses get ahead? Rt Hon WINSTON PETERS to the Minister of Internal Affairs: On what basis was the recall and cancellation of New Zealand Passport LN138690 undertaken? Hon DAVID PARKER to the Associate Minister of Finance: Does he still believe that a 33 cent top marginal income tax rate is the reason for fewer departures to Australia in 2014? CATHERINE DELAHUNTY to the Minister of Education: Did she write a new preference factor for Partnership School applicants on the 14 November education report "Confirming Round Two of Applications to Operate Partnership Schools"; if so, on what advice? CHRIS AUCHINVOLE to the Minister of Conservation: What reports has he received on the extent of the damage to West Coast forests from Cyclone Ita and what estimates are there of the area affected and the volume of wood felled? PHIL TWYFORD to the Minister of Housing: How many homes out of the 5,000 earthquake damaged Housing New Zealand homes have completed repairs as part of its Repair 5000 programme? TIM MACINDOE to the Minister of Education: What recent announcements has she made to celebrate and recognise highly effective and innovative practice happening across the education system? Hon PHIL GOFF to the Minister of Defence: Has there been a reduction in the capacity of the Army in the last three years to sustain an overseas deployment; if so, why? MELISSA LEE to the Minister for Social Development and Employment: What support is the Ministry of Social Development providing to people in Christchurch still dealing with the impact of the earthquakes? GARETH HUGHES to the Minister of Conservation: Does he agree with the statement given on behalf of the Minister of Energy and Resources that "there has not been a single observation of a Māui's dolphin in the block offer area"? CAROL BEAUMONT to the Minister of Justice: Given the magnitude of the problem of family violence, is it acceptable to her that none of the Family Violence Death Review Committee's recommendations from their last annual report have been completed, and no action has been taken on a number of recommendations around funding family violence training for professionals, and addressing the need for better multi-agency practice addressing family violence? KANWALJIT SINGH BAKSHI to the Minister of Statistics: What is the Government doing to modernise the next census?