ACA’s monthly SME COVID tracker report shows that SMEs across the country are feeling the full force of COVID-19 lockdowns. The report showed that in July, more than 50 per cent of businesses recorded a decline in revenue as a direct result of COVID-19. SME sentiment has shifted With half of the Australian population in […]
The economy is hard to measure. Today, the Australian Bureau of Statistics (ABS) released GDP data showing that Australia’s economy has been spared from a “technical” recession this quarter, with economic growth over the last four months sitting at 0.7%. However, this definition of a recession is flawed in its reliance upon a single data […]
When the economy hits a rough patch, small and medium businesses suffer first and often worse than their larger counterparts. But why is this, and how can consumers and businesses owners best withstand economic shocks? Since the start of the pandemic, we have seen small businesses suffer through lockdowns, reduced capacities and COVID-19 restrictions. These […]
India is one of the world’s fastest-growing economies and has become a lucrative market for Australian exporters. Acusensus, Swisse and Mineral Technologies are three Australian-based businesses that have found success working with Austrade through its Australian Indian Business Exchange (AIBX). Acusensus Acusensus is an Australian road safety company delivering AI solutions to mitigate unlawful and […]
This week, food and agribusiness banking specialist, RaboBank, has partnered with Coles to help deliver sustainably linked loans (SLL). Coles Group announced on Wednesday its commitment to providing 1.3 billion dollars worth of loans to grow sustainable business. Sustainably linked loans The 1.3 billion worth of loans is part of a larger move by the […]
Data from July released by Xero shows lockdowns are hurting small businesses sales, employment and cash flows.
The Ai Group has called upon the National Cabinet to seriously consider options to fast track the opening of both state and international borders. The national peak business representative body outlined a set of measures for consideration by the National cabinet to open up Australia to the rest of the world. The measures include: Allowing […]
There is cause for celebration in regional Australia, as the Federal Government has committed to delivering long-awaited agricultural specific visas. Since the closure of international borders, farmers have struggled to meet their staffing requirements. There is hope that Agricultural visas are the solution. Agriculture visas Today, Minister for Agriculture David Littleproud announced the Australian Agriculture […]
Small businesses represent the beating heart of the Australian economy. Their contribution allows for economic growth and wellbeing. The health of the economy relies heavily on small operations and their hardworking owners and employees. Small and Family Enterprise Ombudsman Bruce Billson said, “Vitality in the small business sector is really central to jobs growth, innovation […]
Airwallex is a payment tool that provides cross border payment services to empower online businesses. The system creates a global business account that allows businesses to access payments, transfer funds and grow their platform across the world seamlessly. The global financial infrastructure currently allows online trade in 14 currencies, meaning businesses can operate across borders […]
