The COVID Diaries: corporate borrower 4
The following interview is with a New Zealand based corporate treasurer. It was conducted on 8 May 2020.
Does your business have a timeline for returning to office working?
We are an essential business and have been maintaining operations throughout the entire crisis. But a lot of nonessential maintenance work has been postponed and will hopefully start up again soon.
Has your view of the crisis and the nature of the challenges it presents changed? It seems New Zealand has prioritised public health over the economy, at least in the medium term. How are you thinking about that trade off?
Do you think this should include an accelerated easing of restrictions?
It does concern me that a lot of small business owners, such as cafes, restaurants, and bars, will go bankrupt. It will take a very long time for those businesses to recover if an extension happens. The problem is compounded by the fact that, for a large proportion of businesses in the economy, tax collected will fall and this will further damage government finances. This is why I think there should be more focus on the economy.
“This is why the local population is so scared – they are seeing coffins rolled out in Italy night after night but are unaware of the successful response in Taiwan and elsewhere. The news in the international finance media has been much more optimistic and balanced.”
Are you more or less optimistic about the crisis than you were during the early acceleration period of moving to home working and adding social distancing measures?
How do you think things will be different when we get back to normal? What changes can you see to work practices, social changes and the economy?
Are you holding out hope for a trans-Tasman bubble?
We have been asking people what they have been reading relating to the crisis but we think everyone has seen enough by this stage. So what are your entertainment recommendations for lockdown?
I imagine this is why the local population is so scared – they are seeing coffins rolled out in Italy night after night but are unaware of the successful response in Taiwan and elsewhere. The news in the international finance media has been much more optimistic and balanced.
For entertainment, I have been reading some books I have read previously. The book I am reading at the moment is George Best’s biography.
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