News
The Reserve Bank of Australia (RBA) has today announced that interest rates will remain at the historic low of 0.1 per cent for the remainder of 2020. The central bank cut rates last month, and have now said they will likely keep the cash rate unchanged for up to three years. RBA Governor Philip Lowe […]
Construction tech company Buildxact has secured $6.0 million in new funds via an over-subscribed capital raise. The funds will enable Buildxact to further enhance its estimate and job management software platform for small residential builders, solidify its leadership position in the ANZ market, and boost its growing presence in the large North American market. The funds come […]
Prime Minister Scott Morrison has announced his government will create a cyber security role next month as part of a ministerial reshuffle. The new role will oversee the government’s COVID-19 economic security commitments. The new role will be tagged to the Home Affairs portfolio, tasked with actioning cyber security legislation and the rollout of the […]
New research has revealed an opportunity for retailers to grow their business and create long-term relationships with customers over the Christmas season. The national survey conducted by Zendesk of 1,000 respondents found that a positive customer experience with a retailer during the festive season will yield long-term customer loyalty (41 per cent) and impact customers’ […]
Treasurer Josh Frydenberg has said the declining number of workers relying on JobKeeper, is a sign that the economy is on track for recovery. Speaking to Today this morning, Mr Frydenberg said the number of workers whose wages were being subsidised by the program dropped from 3.6 million in September to 1.5 million in October. […]
No matter the crisis, belated planning is a recipe for disaster. Crisis and business continuity teams won’t have sufficient time to revisit untested plans, let alone build new ones from scratch. Instead, companies should start putting plans and playbooks in place to manage the effects of disruptive incidents, especially those most likely to occur in […]
The Deloitte Tech Fast 50 list recognises Australia’s fastest growing tech companies. This year, the Fast 50 had an average growth of 435 per cent. The largest category of startups was online/direct to consumer, followed by software, fintech and healthtech. There was also a 15 per cent increase in female representation this year. Four female […]
As the need for multi-cloud adoption has increased with remote working, businesses have become more vulnerable to ransomware attacks. Ransomware attacks are malicious attacks on vulnerable IT systems that attempt to prevent organisations from accessing their data. Attackers can then ask the organisation for a ransom in order to return access to the data. In […]
Half Dome, a Victorian media buying agency seeking to shake up the advertising sector, was today announced as the overall winner of the 2020 Deloitte Technology Fast 50 Australia awards, achieving 2390 per cent revenue growth over a three-year period. The Deloitte Technology Fast 50 Australia program, now in its 20th year, ranks the 50 […]
“The reality is, if you make it easy for people to buy things, more people will buy things.” Those are the words of Fast CEO and founder Domm Holland, who started his one-stop-shop online checkout business after his wife’s grandmother struggled to purchase her Coles groceries. “When my son was born, my wife’s grandmother was […]
On Wednesday, the world marked the International Day for the Elimination of Violence Against Women. In 2020, one in three women experiences physical or sexual violence and this has only increased as COVID-19 lockdowns have been implemented around the world. We take a look at the ways that businesses can join in the fight against […]
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 […]
Germany’s coalition government have announced they will introduce a mandatory quota for the number of women working as executives in the country’s listed companies, in a decision hailed as a “historic” step towards gender equality in German boardrooms. The decision requires management boards with more than three members to include at least one woman, reversing […]
Former Prime Minister Malcolm Turnbull says that Australia must set more ambitious climate targets to retain international credibility, trade relations and climate protection. “Australia really has to get on board,” said Mr Turnbull at the AFR energy and climate summit on Tuesday. “If we don’t we will pay a heavy price for this, believe me, […]
After 500 days since the last Victorian budget, today Premier Daniel Andrews and Treasurer Tim Pallas announced their government’s plan for the state’s economic recovery from the coronavirus recession. With interest rates at historic lows, and not going anywhere for a while, the budget revealed a state debt of a record $155 billion in the […]
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 […]
National employment organisation The Australian Industry Group (AiGroup) has today released a report outlining issues arising associated with Australia’s ports, saying if they are not addressed it could have a significant impact on the country’s economic recovery from COVID-19. The report says that as an island nation, 98 per cent of Australia’s trade goes through […]
As part of its recently announced Digital Business Plan, the Federal Government has committed AUD3.6 million towards mandating the adoption of electronic invoicing for all Commonwealth government agencies. The move aims to encourage greater adoption amongst businesses supplying to government and within their supply chains. The mandate comes into effect as of 1 July 2022 and […]
Canva and TikTok are among the growing number of companies supporting #ThePreventionPact, which aims to reverse the 45 per cent drop in cervical cancer screening rates in Australian in 2020. Created by Australian healthtech platform HealthMatch in partnership with the Australian Cervical Cancer Foundation (ACCF), #ThePreventionPact aims to put cervical screening back on the priority list for busy women who […]
Mining company Fortescue Metals Group, industry superfund Cbus and professional services firm Aurecon are the most recent companies to sign on to the Australian Industry Energy Transitions Initiative. The initiative is a collaborative effort for industry and business leaders to collectively learn, develop research and take actions that move broader industry sectors towards net zero […]
