ANZ has today announced they are extending their support to small business, providing specialist assistance to small businesses experiencing difficulties in the current climate. This follows on from Small Business Minister Craig Emerson’s call to the big banks to support small business by providing adequate credit flows. The new ANZ program will support small businesses […]
VMware, the global leader in virtualisation solutions for business, have announced the VMware vSphere 4, the industry’s first operating system for building the internal cloud, enabling the delivery of efficient, flexible and reliable IT as a service. With particular focus on the small and medium business market, the new system will enable small businesses to […]
In yet another blow to consumers, the big banks have indicated they will raise their interest rates on fixed rate mortgages, with the Commonwealth Bank announcing they will increase theirs by between 20 basis points and 45 basis points. The bank’s reasoning behind the decision has stemmed from recent increases in the wholesale market swap […]
Prime Minister Kevin Rudd has conceded that the economy will be dragged into a recession. Previously avoiding the dreaded “R” word, Mr Rudd’s concession came after advice from economists that the economy is already in a recession and that Australia’s weakening trading partners is pushing the nation’s economy down. “The worst global economic recession in […]
New research into the Australian franchising industry has suggested that as newspaper advertising revenue drops, savvy franchisers will turn to cost effective online and word of mouth strategies to recruit new franchisees. The Franchisor Expansion Study by market intelligence organisation 10 THOUSAND FEET revealed that the Australian Franchise Industry is fairing well in the downturn, […]
Credit card and personal loan applications have fallen by 13 percent in the first three months of 2009 compared to the same time last year, according to Veda Advantage’s Consumer Credit Demand Index. Rory Matthews, Veda Advantage CEO, said the significant decreases in credit card and personal loan enquiries are in line with expectations, as […]
Low interest rates and government grants have led to inflated housing prices according to Adrian Raftery, CEO of accountantsRus. Raftery says that activities over the last few months have led to unhealthy, yet familiar symptoms as property prices rise as prospective first home owners rush to get the First Home Owners Grant before 30 June. […]
Cutting down on staff during the recession as a cost-cutting measure could actually hinder a business’ growth and profitbability rather than help it, says Nic Clark, CEO of national business development franchise 10X Limited. Recent studies conducted by the Certified Practicing Accountants of Australia (CPA) have shown that half of all businesses that cut down […]
Cisco is calling on all small and medium businesses to participate in their “Cisco Changing the Game” Competition, by sharing the types of business communication challenges they face, and how Cisco could solve them. Entry is open to Australian businesses with between one and 250 employees, with participants given the chance to win 1 of […]
Woolworths has been awarded the accolade of Australia’s most valuable brand, according to Brand Finance’s valuation of the world’s top 500 consumer names. Woolworths beat out previous leader the National Australia Bank, to rank 143rd best global brand as of December 2008. Brand Finance valued the Woolies name at $US4.6 billion, a gain of 5 […]
