The Reserve Bank has left Australia’s cash rate at three percent following their monthly board meeting this afternoon. Governor Glenn Stevens says the stabilisation of the global economy has influenced their decision, although the Australian economy continues to contract. “Capacity utilisation has fallen back to about average levels, and will decline further over the rest […]
Bucking the trend of reducing services, and implementing high prices across the market for excess baggage, Emirates have announced generous new baggage policies for economy & business class passengers, and frequent flyer members enabling them to check in between 30 and 50 kilograms for free. The new policy will enable first class passengers to check […]
Recent property market indicators suggest now is the ideal time to buy a factory or commercial premise.
RSA’s Online Fraud Report for March/April 09 has revealed Australia is in the top 10 for hosted phishing attacks by country. The report found the total number of phishing attacks globally increased by 18 percent in February, representing an increase of 1,500 attacks. The number of hosted phishing attacks in Australia jumped up, placing us […]
Research conducted by NAB has found that local customers are driving the growth of small businesses, with 41 percent of Victorian businesses receiving the majority of sales from local customers. The research demonstrates the difference Australians can make to small businesses striving to survive the economic downturn and keeping regional economies afloat, says Kevin Potter, […]
Environment Minister Peter Garrett has unveiled new guidelines for the Federal Government’s $4 billion Energy Efficient Homes Package, which will make it easier for Australians to reduce their carbon footprint, while saving on energy bills. The Australian Government has estimated up to 2.9 million households will be eligible for the ceiling insulation rebate, which will […]
Two major Australia unions believe that the Federal Government’s plan to raise the pension age from 65 to 67 will be very costly for employers and will create a “false economy.” The Construction, Forestry, Mining and Energy Union (CFMEU) and the Australian Manufacturing Workers’ Union have expressed their concerns over the legislation believing that it […]
Recent results from the quarterly Rural Confidence Survey conducted by Rabobank have revealed improved confidence levels among Australian farmers, the first rise following four successive declines. The Rabobank survey of 1,200 farmers across the country found that one in five expect conditions to improve in the next 12 months, up from just 16 percent last […]
It appears consumers are finally spending their stimulus payments, with news that retail sales grew by 0.3 percent in April, amounting to $19.3 billion. Access Economics has estimated the Government’s handouts contributed $615 million to retail sales in April. Sales of household goods experienced the biggest lift, surging 3.9 percent in April, aided by the […]
Employees working for small businesses are proving to be more loyal than those in large companies, according to a research conducted by the Australian Institute of Management. Australian Institute of Management’s (AIM) National Salary Survey 2009 of 759 businesses, (548 large businesses and 211 small businesses) found that employees working in small businesses are increasingly […]
