Following the Reserve Bank of Australia’s Board Meeting yesterday, National Australia Bank confirmed its variable home loan interest rates would increase by 0.25% per annum. NAB’s new standard variable rate will be 6.74% pa, effective Friday, 5 March 2010. Lisa Gray, Group Executive NAB Personal Banking, said: “In the last month we have seen a […]
Software AG has announced open beta availability for ARISalign, dubbed the ‘Facebook for enterprise’. ARISalign offers an open, global community for project participants dealing with business processes. The new solution is a platform where anyone with a stake in a business can participate in the process discovery phase to collaborate, gather information, share goals, and […]
Adult entertainment expo brand Sexpo is undertaking market research and exploring options to meet regulatory compliance before an initial public offering expected in November 2010. Sexpo has grown into a strong expo brand in Australian over the last 14 years. It is in the top 5 national shows alongside The Royal Show, Home Shows, Motor […]
The search for Australia’s leading entrepreneur is on again with nominations for the 10th anniversary Ernst & Young Entrepreneur Of The Year now open. Since 2001, nearly 900 businessmen and women across Australia have been recognised through the award, with 51 national category winners, and nine Australian Entrepreneur Of The Year winners flying the flag […]
Up to 2,000 jobs are under threat in South Australia and Victoria if a decision to lift anti-dumping duties on discounted toilet paper imported from Indonesia and China. In a letter to Prime Minister Kevin Rudd, South Australian Premier Mike Rann has pleaded with the PM to reinstate anti-dumping duties that were lifted in January. […]
Retailer Kmart plans to withdraw its application to trade before 1pm on Anzac Day in NSW after the proposal sparked outrage across the country. Kmart managing director Guy Russo apologised for the companies decision to apply to trade during Anzac Day marches after receiving an overwhelming number of complaints and intense criticism from customers, politicians […]
War veterans have chastised an application by Kmart to open its stores before 1pm on Anzac Day, with some RSL’s threatening a boycott of the company. In an application to the State Government, Kmart, said there was “a desire within the community to see our stores open before 1pm on Anzac Day”. The company has […]
Australia has lifted its almost 10-year-ban on the importation of beef from countries that have experienced mad cow disease (or BSE, Bovine Spongiform Encephalopathy). Opening the Australian Bureau of Agricultural and Resource Economics (ABARE) Outlook 2010 conference in Canberra on Tuesday, Agriculture Minister Tony Burke said Australia’s import policies must be based on the best […]
The Board of the Reserve Bank of Australia decided today to raise the cash rate by 25 basis points to 4.0 per cent, effective tomorrow. The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due […]
Australia’s current account deficit came in worse than expected at a seasonally adjusted $17.46 billion in figures from the Australian Bureau of Statistics Most economists had expected a deficit of $17.1 billion for the December quarter. The ABS says this could subtract 1.3 percent from Australia’s economic growth figures for the quarter. With GDP figures […]
