Economy

GrowAG, a new online sharing digital platform, will connect Australian agricultural innovation to the rest of the world.

The latest ABS figures show that job vacancies in Australia increased by 14 per cent between November 2020 and February 2021.

New data from Xero shows that small businesses have recorded a positive revenue growth for nine consecutive months despite snap lockdowns.

The NSW Government has today opened its Investment NSW agency, which aims to maximise economic benefits and jobs for NSW.

Digital Recruiting Company HireVue has published a new study on the effects of the COVID-19 pandemic on Australia’s hiring industry.

A new analysis by KPMG has revealed that a faster international rollout of vaccines could boost the Australian economy by $17bn and generate up to 40,000 jobs.

Spending is up across regional Australia, moving past the spend recovery seen in metro areas, according to new data from Commonwealth Bank.

Joe Biden’s $US1.9 trillion ($AUD2.5 trillion) rescue package managed to get the votes it needed to pass in the House of Representatives…

The federal government has launched a new $11.6 million funding round under the Boosting Female Founders Initiative that will support female entrepreneurs.

Debit card provider eftpos unveiled its plans for a national QR code payments network in Australia which is set to commence trial mid-year.

Victoria has claimed a post-lockdown victory with promising employment numbers that place the state ahead of the rest of Australia.

More than 142,000 Pfizer vaccines have arrived in Sydney with the rollout set to begin on Monday, 22 February in Australia.

Treasurer Josh Frydenberg has revealed that the Federal Government is planning to make changes to the JobSeeker rate when the coronavirus supplement ends in March.

The Michael Page Talent Trends report reveals that 43 per cent of businesses expect to increase their headcount in 2021.

Despite hard hits to Australia’s wine, beef and barley industries, soaring iron ore spot prices have “more than made … up” the losses in lobsters and wine, says Deloitte. “To be clear, we’ve lost money on everything from lobsters to wine. But we’ve more than made that up in overall terms thanks to iron ore […]

As part of the 2020-21 Federal Budget announced in October, the government unveiled the JobMaker Hiring Credit to incentivise businesses to hire young job seekers over the next 12 months. The credit will cost $4bn over three years to support the employment of 450,000 people aged 35 and younger. It is expected to create around 450,000 positions […]

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 […]

The NSW Government is giving every adult $100 in vouchers to spend on dining and entertainment in a bid to resuscitate small businesses that have been among the most affected by the recession. Anyone over the age of 18 will receive four $25 vouchers to be used at COVID-Safe venues across the state, through the […]

On Monday, the CSIRO’s Data61 and the Australian Trade and Investment Commission (Austrade) released a report Global trade and investment megatrends detailing the five megatrends that will reshape global trade and investment during and post-COVID-19.  A megatrend is “a deep-set trajectory of change occurring at the intersection of multiple trends and drivers.”  The five megatrends […]

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 […]