The Profit - Inspiring Business in Hawke's Bay

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Trade with China post COVID19

While the Covid 19 pandemic has brought unprecedented uncertainty, it has also demonstrated how we can turn a crisis into an opportunity. The Profit looks into how to grow our export presence with China, despite closed borders. By Campbell McLean China’s leading economic indicators point toward economic growth as consumer confidence rebounds into recovery mode. According to official data, China’s...

Valuing up

The last time I wrote an article for The Profit was about a month after we had got back into the office after ‘Alert Level 3’. As I wrote at the time “So ….. where to from here? If I had a dollar for each time I was asked what affect this will have on future property values I...

Are you paying the right amount of tax?

As we start to get a better understanding of the new ‘Business as usual’ operating landscape and the initial urgency around business disruption dissipates, at BDO our focus has now shifted to ensure local business have the ongoing support and strategies in place for the medium to long term time periods. By building resilience and taking full advantage of the...

IT Security – Threat Management

The problem we are all facing Security has become a more in-depth executive discussion because of the many ways through which businesses can and are being attacked. Mobility, BYOD (bring your own device), virtualisation, the cloud, and social media have all opened new doors and security loopholes into all our businesses. At the same time, all organisations need IT Security...

Here we go again

Let’s not talk up a recession New Zealand, it seems, is leading the world in its handling of the Covid-19 crisis. Although none of us have a crystal ball, we are in a much better position than most nations, many of whom are suffering under the pressure of vast numbers of new cases and struggling economies. Over the last few...

Putting your best foot forward in a booming property market

By Anna Bernie The COVID-19 pandemic has created a great deal of economic uncertainty both globally and in New Zealand. During the lockdown in April and May 2020 we were all questioning how the housing market would be impacted. Contrary to the expectations of some commentators, the NZ housing market has been booming since the end of lockdown. Whether this...

Is your business ready for changes to alert levels?

The last Alert Level 3 Lockdown in Auckland has once again shown that businesses need to be prepared, at short notice, to make to significant changes to the way they work if required to move to Alert Level 3, or 4. As a result, it’s important to have a plan that you can put into action should this next occur....

Policy changes come into force

August and September saw several new pieces of legislation come into force. Two of these include: 1. The National Policy Statement on Urban Development 2020 2. The National Policy Statement for Freshwater Management 2020 The National Policy Statement on Urban Development 2020 came into effect on 20 August 2020. It replaced the National Policy Statement on Urban Development Capacity 2016. The...

Investor competition set to drive values higher

Despite some uncertainty and short-term disruption to market conditions from COVID-19, low interest rates are fueling investment activity, especially for prime properties with strong covenants. The flight to quality and limited stock available to purchase is likely to elevate the level of competition amongst experienced investors driving values higher. Overall Investor Market Conditions The economic downturn created by the COVID-19...

Hawke’s Bay on track to be premier sport facility capital

Hawke’s Bay has the potential to supersede the likes of Auckland, Hamilton, Tauranga, Wellington and Christchurch as the premier sport facility region of New Zealand. In fact Hawke’s Bay can probably already lay claim to the title, but with over $60 million of new sport facilities at the Regional Sports Park (Mitre10 Park), Pettigrew.Green Arena (PGH) and a high performance...