Auckland’s KMJB Harris had been in dispute with another insolvent firm, Teak Construction, before its collapse.
Open chequebook for the next 24 months needed, but not realistic, says analyst.
Subsidy welcomed but bills mount up; hotels warn Budget could be an ‘industry breaker’.
A sample of comment from business organisations.
A sub-zero OCR is looking more likely and lenders need to be ready.
Forecasts assume New Zealand stays on alert for a further 10 months.
Mark Peterson says Covid-19 has reshaped investors' attitude to New Zealand risk.
Hard-hit sector receives $400m to recover.
Targeted support for SMEs, exporters and entrepreneurs, wage subsidy extended.
Deal follows Stuff's sale of energy business two weeks ago.