News
  • March 16 2020 Action taken to limit the economic consequences of COVID-19

    Australian business leaders and regulators are trying everything in their power to prevent financial ruin from the coronavirus pandemic. Dedicated shopping hours for people with disabilities, social distancing at casinos and emergency cash injections by regulators – Australian business is responding to the coronavirus pandemic in inventive ways. COVID-19’s impact on Australia is changing daily life Read More…

  • March 13 2020 Brands pivot their marketing strategies in the wake of the coronavirus

     As Australian businesses brace for the impact of Coronavirus, we take a look at how brands around the world are already adapting. In a much-shared blog post, Sequoia Capital – Silicon Valley’s biggest venture capital firm – declared coronavirus (COVID-19) the ‘black swan of 2020.’ A rare, unforeseen event that carries potentially severe consequences. I’m sure the Read More…

  • March 12 2020 Stimulus package includes cash and tax breaks for virus-hit economy

    The Morrison government is looking to avoid a recession in the wake of the coronavirus outbreak, with a $23 billion stimulus package to boost the economy. Prime Minister Scott Morrison on Thursday outlined initial measures of the $22.9 billion package. The stimulus package aims to prevent the Australian economy entering a recession as the globe Read More…

  • March 4 2020 Big four banks pass on full RBA rate cut

    All of the big four banks have passed on the full Reserve Bank of Australia cash rate which yesterday was cut to a record low of 0.5%.  Westpac was the first to break the silence, with CBA, NAB and ANZ following suit in passing on the full cut to home loan customers.  This is largely Read More…

  • March 3 2020 Cash rate is cut to new record low at 0.5% by RBA, due to coronavirus

    The Reserve Bank of Australia has today made the decision to cut the cash rate to a record low of 0.5 per cent. Widely anticipated and expected, the decision was made in response to the economic effects of the coronavirus. The rate has come down from the 0.75 per cent rate which was announced last Read More…

  • March 2 2020 Senators urged to pass equity bill that could see SMEs flourish

    Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill would significantly encourage growth and promote economic expansion for small and medium-sized businesses around the country. “We strongly support the investment by the Commonwealth in the Read More…

  • February 17 2020 Age is the biggest perceived barrier to job opportunities in 2020

    Age is the greatest barrier to opportunities at work, according to findings in LinkedIn’s 2020 Opportunity Index. The report sought to understand how people perceive employment opportunities and the gaps in achieving those opportunities. Baby Boomers are the most likely to perceive age as a barrier, with almost half of Baby Boomers concerned about age, followed Read More…

  • February 17 2020 Telstra and Rio Tinto move to 20 day payment terms for small businesses

    Only a few big businesses, such as Telstra and Rio Tinto, have done ‘the right thing’ according to Australian Small Business Ombudsman Kate Carnell, in terms of addressing late payments. Late payments is a huge problem for the Australian small business community, with a Xero report last June (2019) citing a loss of $7 billion per Read More…

  • February 13 2020 Fintech company ezyCollect raises $7.1 million investment over 15 months

    Sydney-based payment processing company, ezyCollect, has raised $7.1 million across two rounds in the past 15 months. AJ Singh and Raj Kuckreja, who founded the fintech in 2015, have a range of investors from Tankstream, Artesian, Macdoch Ventures, Sydney Angels and Adrian Di Marco, founder of Technology One. The company helps over 1000 businesses across Read More…

  • February 12 2020 Salary increases shrink nationally despite increase in pay rise requests

    Two thirds of Australians are planning to ask for a pay rise this year according to The Adecco Group’s 2020 Australia Salary Guide. Those working in the IT sector are the most likely to ask for a pay rise in 2020, followed by manufacturing and business service sectors. This is despite the size of pay Read More…

  • February 11 2020 Neobank growth in Aus ‘a little terrifying’

    The top execs of Neobanks are shocked at the huge demand they are receiving from potential customers. To put the demand into perspective, one Neobank – Xinja – has amassed an impressive $100 million in deposits in a time frame of just 19 days. The challenger banks, which are 100% digital, are collectively signing hundreds of Read More…

  • February 10 2020 Astrology, plant-based products and CBD oil are the 2020 trends

    Entrepreneurs looking for their next business adventure this year may need to think outside the box, experts suggest. Apart from traditionally popular sectors for startups – such as retail, technology and finance – wellness industries are also set for explosive growth. According to Melbourne creative platform 99designs and its recent data collection, astrology, cannabidiol (CBD), Read More…

  • February 4 2020 Cash rate held: RBA cites improved unemployment as reason

    The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent and had “surprisingly” little to say about the headwinds presented by the catastrophic summer bushfires and coronavirus crisis. RBA Governor Philip Lowe has cited improved unemployment figures for December, low borrowing costs, recent tax refunds and improved property Read More…

  • January 23 2020 The 5 most valuable companies

    We have a compiled list of the 5 most valuable companies in the world at the moment, based on current stock market valuations. Number one may come as a surprise, and maybe you didn’t realise Google has a parent company…. but the household names are definitely up there and probably won’t shock you.  Google parent Read More…

  • January 17 2020 Black Friday fuelled November retail surge

    Retail spending jumped by a better than expected 0.9 per cent in November, easily beating economist forecasts of a 0.4 per cent increase.  November’s Black Friday sales fuelled a better-than-expected monthly retail turnover, but economists are wary of how much of the 0.9 per cent increase would previously have been spent during December. Consumers shelled Read More…

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