Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near. 

The Canterbury milk processor's posted a half year loss of $80.6 million. 

Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million. 

Chief Executive Richard Wyeth told Mike Hosking the next six months are critical. 

He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward. 

LISTEN ABOVE 

Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near.&nbsp;
The Canterbury milk processor's posted a half year loss of $80.6 million.&nbsp;
Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million.&nbsp;
Chief Executive Richard Wyeth told Mike Hosking the next six months are critical.&nbsp;
He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ec6bae25-4bef-479b-9bdd-b416013a9dd6/transcript

There’s still much room for improvement for media outlets to earn back public trust.  

AUT's annual Trust in News reports shows trust in news has increased five-points from last year to 37%.  

But news avoidance has increased five points to 78%, with respondents saying it's too depressing, too opinionated, or not relevant. 

Report co-author Merja Myllylahti told Mike Hosking trust is a tricky concept to pin down, so the report looks at people’s perception of the news.  

She says they look at perceptions of international news, local news, as well as social media, and while it can be tricky to know exactly what people come across, the upside is that things are improving.

LISTEN ABOVE 

There’s still much room for improvement for media outlets to earn back public trust. &nbsp;
AUT's annual Trust in News reports shows trust in news has increased five-points from last year to 37%. &nbsp;
But news avoidance has increased five points to 78%, with respondents saying it's too depressing, too opinionated, or not relevant.&nbsp;
Report co-author Merja Myllylahti told Mike Hosking trust is a tricky concept to pin down, so the report looks at people’s perception of the news. &nbsp;
She says they look at perceptions of international news, local news, as well as social media, and while it can be tricky to know exactly what people come across, the upside is that things are improving.
LISTEN ABOVE&nbsp;

Merja Myllylahti: AUT Research Centre for Journalism, Media, and Democracy Co-Director on the results of the Trust in News report

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b0846842-da81-4933-85f1-b42c015999de/transcript

Chinese visitors are making a resurgence. 

Latest Stats NZ data shows more than 408 thousand overseas tourists visited in February – an annual increase of more than 53 thousand. 

Chinese visitors topped 61 thousand – the highest monthly figure since early 2018. 

Tourism New Zealand Chief Executive René de Monchy told Mike Hosking Chinese New Year played a part, but there's been an acceleration in general. 

He says Chinese visitors have been growing at over 30% in the past six months. 

LISTEN ABOVE 

Chinese visitors are making a resurgence.&nbsp;
Latest Stats NZ data shows more than 408 thousand overseas tourists visited in February – an annual increase of more than 53 thousand.&nbsp;
Chinese visitors topped 61 thousand – the highest monthly figure since early 2018.&nbsp;
Tourism New Zealand Chief Executive René de Monchy told Mike Hosking Chinese New Year played a part, but there's been an acceleration in general.&nbsp;
He says Chinese visitors have been growing at over 30% in the past six months.&nbsp;
LISTEN ABOVE&nbsp;

René de Monchy: Tourism NZ CEO on the increase in international visitors from China

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0ff627a3-078e-4c06-805c-b42c01540f1e/transcript

There's division among economists regarding how soon the Reserve Bank should start raising the Official Cash Rate. 

Many now expect the bank to bring forward OCR hikes, with ANZ forecasting three before the election. 

But Kiwibank Chief Economist Jarrod Kerr warns that could be reckless and counterproductive. 

He told Mike Hosking right now we're dealing with more temporary inflation due to higher diesel prices, which should hopefully fall back. 

Kerr says more persistent forms of inflation, like wage and rental inflation, are quite benign at the moment. 

LISTEN ABOVE 

There's division among economists regarding how soon the Reserve Bank should start raising the Official Cash Rate.&nbsp;
Many now expect the bank to bring forward OCR hikes, with ANZ forecasting three before the election.&nbsp;
But Kiwibank Chief Economist Jarrod Kerr warns that could be reckless and counterproductive.&nbsp;
He told Mike Hosking right now we're dealing with more temporary inflation due to higher diesel prices, which should hopefully fall back.&nbsp;
Kerr says more persistent forms of inflation, like wage and rental inflation, are quite benign at the moment.&nbsp;
LISTEN ABOVE&nbsp;

Jarrod Kerr: Kiwibank Chief Economist warns that early OCR increases could be counterproductive

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dc3a6a7a-3a4e-4153-956a-b42c014eb2cd/transcript

Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

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