There is an old saying that if you have a good idea, then success will follow no matter how much you spent on marketing.

Dev Soni is a Commerce grad who set up Sugar Wallet, New Zealand’s first set-and-forget paycheck investment app.

He spent zero dollars on marketing the app and yet in a matter of weeks 4000 users have downloaded it and he has almost one million in assets under management.

Dev Soni joined Mike Hosking.

LISTEN ABOVE

There is an old saying that if you have a good idea, then success will follow no matter how much you spent on marketing.
Dev Soni is a Commerce grad who set up Sugar Wallet, New Zealand’s first set-and-forget paycheck investment app.
He spent zero dollars on marketing the app and yet in a matter of weeks 4000 users have downloaded it and he has almost one million in assets under management.
Dev Soni joined Mike Hosking.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Dev Soni: Sugar Wallet founder on New Zealand's first set-and-forget paycheck investment app

Over in Australia, the Reserve Bank bumped the OCR up to 4.1 percent, up by 0.25 percentage points.

This is the second significant hike it two months, and it's got experts speculating about what this means for the economy on the whole.

HSBC chief economist Paul Bloxham wondered what this could mean for other global markets. 

LISTEN ABOVE

Over in Australia, the Reserve Bank bumped the OCR up to 4.1 percent, up by 0.25 percentage points.
This is the second significant hike it two months, and it's got experts speculating about what this means for the economy on the whole.
HSBC chief economist Paul Bloxham wondered what this could mean for other global markets.&nbsp;
LISTEN ABOVE

Paul Bloxham: HSBC chief economist on the RBA increasing the OCR for the second month in a row

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f68d11c8-40e1-49c8-853b-b41000768828/transcript

The Resources Minister is insistent Crown funds should help heat the geothermal sector.

A Government strategy has been released on its plan to double the use of geothermal energy by 2040.

It's also ring fenced $50 million from the Regional Infrastructure Fund for the development of geothermal energy projects. 

Resources Minister Shane Jones says it's a worthy investment.

"The Crown stepped up to the plate in the 1950s, did an enormous amount of drilling - not always successful, but a number of those drill holes have turned into major electricity suppliers." 

LISTEN ABOVE

The Resources Minister is insistent Crown funds should help heat the geothermal sector.
A Government strategy has been released on its plan to double the use of geothermal energy by 2040.
It's also ring fenced $50 million from the Regional Infrastructure Fund for the development of geothermal energy projects.&nbsp;
Resources Minister Shane Jones says it's a worthy investment.
"The Crown stepped up to the plate in the 1950s, did an enormous amount of drilling - not always successful, but a number of those drill holes have turned into major electricity suppliers."&nbsp;
LISTEN ABOVE

Shane Jones: Resources Minister explains why Crown funds should be directed towards geothermal sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/514e97ed-a4b1-47d6-ae56-b4100069564e/transcript

There's fears there'll be no slowdown any time soon to the rapid rise in food prices.

Stats NZ figures show they rose 4.5 percent in the year to February.

Steak, mince and chocolate all shot up more than 20 percent.

Infometrics head, Brad Olsen, says the spike in oil prices because of the war in Iran will do nothing to help. 

"We know that not only oil prices are key to transport costs, but also just the production. Now if you're a farmer, you've got to use diesel to move stuff around to run the tractor and everything else. So this is going to hit."

LISTEN ABOVE

There's fears there'll be no slowdown any time soon to the rapid rise in food prices.
Stats NZ figures show they rose 4.5 percent in the year to February.
Steak, mince and chocolate all shot up more than 20 percent.
Infometrics head, Brad Olsen, says the spike in oil prices because of the war in Iran will do nothing to help.&nbsp;
"We know that not only oil prices are key to transport costs, but also just the production. Now if you're a farmer, you've got to use diesel to move stuff around to run the tractor and everything else. So this is going to hit."
LISTEN ABOVE

Brad Olsen: Infometrics Principal Economist on data showing food prices rose 4.5 percent in the year to February

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e7322828-f9f4-43a3-b6c8-b41000586f3c/transcript

Dev Soni: Sugar Wallet founder on New Zealand's first set-and-forget paycheck investment app

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