Episode Transcript
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Speaker 1 (00:04):
Good afternoon. I'm Malcolm Jordan and this is your midday
news FIKS for Friday, the nineteenth of September. Sir John
Key says New Zealand needs to get its mojo back
and start feeling confident again. GDP's dropped zero point nine
percent in the June quarter. Key says higher migration, lower
interest rates, and a rebound in the housing market could
all help turn this around. The former PM Todd Mike
(00:27):
Costking the most important thing is a change of mindset.
What really counts is do we feel like we're going
forward as a country. We do will start doing things again,
in investing, in moving. Meanwhile, the Prime Minister believes there
is no one in the country who could do a
better job on finance than Nikola Willis. Willis confirmed she's
had a conversation with Chris Luxon about keeping her economic
(00:49):
growth portfolio. It comes after GDP figures show a more
significant dip than predicted by economists and the Central Bank.
Luxon is standing by his minister, saying she's doing a
great job.
Speaker 2 (01:00):
Nikola Willis is the best finance minister New Zealand's ever.
Speaker 1 (01:03):
Going to have. However, the economic downturn is sitting out
manufacturing sector particularly hard. While GDP dropped zero point nine
percent in the June quarter, GDP in the manufacturing sector
specifically plunged three point five percent. Steel Works at Group
Director Chris Barrett says the sector tends to lag behind
(01:24):
other parts of the economy. He says every business owner
and manager he's speaking to in the sector is facing
critical freefall.
Speaker 2 (01:31):
Some of the people that I talked to are already
deciding whether they walk away because of their age, whether
they reimage themselves, whether they go to the band control
and get some more funds. Most of us already using
our own funds.
Speaker 1 (01:43):
Senior doctors say their salaries aren't keeping up as they
prepare for strike action next week. They'll down tools for
forty eight hours after negotiations between them and the government
broke down. The Association of Salaried Medical Specialists says pay
has been below inflation since the power endemic. Executive director
Sarah Dalton told Mike Hosking there's not a good allocation
(02:05):
of resources at the moment.
Speaker 3 (02:06):
What they're incentivizing was loco works so become a contractor.
They spent two hundred million on contractors last year.
Speaker 1 (02:13):
Meanwhile, the government signed a construction contract for Dunedin Hospital's
long awaited new inpatient building. Construction of the one point
eighty eight billion dollar project resumed in July, with foundations
already laid on the old Cadbury site. Jamie Cunningham reports.
Speaker 3 (02:29):
Health Minister Simeon Brown's today confirmed a contract has been
signed with CPB Contractors Limited for the delivery of the building.
He says construction will result in more than nine hundred
jobs and contribute one hundred million dollars to Dunedin's economy
each year. The hospitals set to open to patients in
twenty thirty one.
Speaker 1 (02:50):
Auckland Airports expecting one of its busiest days for departures today,
with around fifteen thousand people flying domestically and another fifteen
thousand leaving the country the start of the school holidays
to Sport West Coast have been fined five thousand dollars
and copped a fifteen point sanction for a breach of
player eligibility rules. They drop from third to tenth in
(03:14):
the Heartland Rugby competition. Manchester City have beaten Napoli two
mill and Barcelona have defeated Newcastle two to one in
Champions League football. Golfer Ryan Fox is the best of
the New Zealanders after the first round of the French
Open on the European Tour. He's carded a two under
part sixty nine to sit five strokes off the lead.
(03:35):
I'm Malcolm Jordan. That's your latest news fix. We'll be
back with the next update at five pm from the
news Talk zb newsroom.