Shengyin Li

Snowflake, the Data Cloud platform based in the US, announced its first-ever Global Startup Challenge, with the winner receiving up to $250,000. “This competition will showcase the power of data network effects while also expanding their reach. We look forward to rewarding a top startup who both embodies and employs the Snowflake vision: To mobilise… Continue reading Snowflake announces $250,000 Global Startup Challenge

More than 50 per cent of Australians intend to travel in the next six months, says Tourism Australia. Australia’s tourism industry, which employs 5 per cent of Australia’s workforce, has experienced a tough year, impacted by bushfires, the pandemic and interstate and national border closures.  However, industry experts have observed a growing Australian sentiment towards… Continue reading One in two Australians intend to travel in the coming holiday period

Australia businesses should prepare to take at least two decades to build new opportunities in the Asian market, says RBA governor Dr Philip Lowe. On Wednesday, Dr Lowe addressed the Australian Strategic Forum, noting that Australia is in a fantastic location in the world, closest to some of the fastest-growing regions. “[Australia’s relations with India… Continue reading At least two decades needed to grow in the Asian market: RBA

The NSW government 2020-21 budget has revealed the state’s payroll tax threshold will increase from $1 million to $1.2 million benefiting 36,000 businesses. The payroll tax rate will drop to 4.85 per cent from 5.45 per cent backdated to 1 July 2020. This is a temporary payroll tax rate decrease for FY2020-21 and FY2021-22. NSW… Continue reading 36,000 businesses to benefit from NSW reduced payroll tax expenses

The JobMaker Hiring Credit Bill passed Parliament on Wednesday, confirming $4 billion to support around 450,000 jobs for people aged between 15 to 35. The hiring credit is designed to encourage businesses to hire additional young employees and increase employment. Youth unemployment was heavily impacted due to the lockdown caused by the COVID-19 pandemic. “We… Continue reading JobMaker Hiring Credit passed in Parliament