News
ANZ have come under fire after it was reported they were sacking 500 workers, shifting operations to India. However, ANZ have fired back claiming that they will not make any cuts to jobs in 2009 and that Australian workers are safe. In a statement on Sunday, an ANZ spokeswoman said, “Despite the economic slowdown, ANZ’s […]
The Australian Interactive Media Industry Association (AIMIA), Australia’s peak industry body for digital and interactive content, honoured 24 winners of its 15th annual awards ceremony over the weekend. Held at Sydney’s Australian Technology Park, the awards brought together over 700 industry leaders, converging to celebrate the digital media industry. According to John Butterworth, AIMIA CEO, […]
As the Australian economy slows, the Government has taken swift action to protect jobs by cutting the immigration intake by 14 percent. Immigration Minister, Chris Evans is set to announce a 14 percent cut to the skilled migration program, capping the number of workers entering Australia at 115,000, down from 133,500 in 2008-09. The decision […]
The Australian Securities and Investment Commission (ASIC) will launch a shadow-shopping program in the 2009/10 financial year to review the methods of financial advisers. A shadow shop is an anonymous visit to an adviser to experience what an ordinary consumer would experience when seeking advice. David Whiteley, executive manager of Industry Super Network, says the […]
The latest Dun and Bradstreet Business Expectations Survey has revealed that the economy will continue to slide into recession, with the worst yet to come. Expectations for the June 09 quarter are less than promising, with 57 percent of businesses anticipating declining sales and 65 percent expecting declining profits. The sliding Aussie dollar has also […]
A new online career section launched by SOC Exchange.com is enabling unemployed Australians to take control of their job prospects by creating their own job profile on the SOC Exchange Careers website. For as little as $10 a year, Australians can create their own job website, post a unique job ad listing their skills and […]
A new study conducted by IT security and control firm Sophos, has found that 33 percent of internet users use the same password for multiple website accounts, putting them at risk to hackers and identity thieves. Sophos is urging computer uses to assess the strength of their passwords and ensure they are choosing unique and […]
A recent report commissioned by mobile payment provider Mint Wireless has revealed the frustration currently being felt by small to medium businesses (SMEs) across the country in terms of slow payments, amid a deteriorating economy. The study, which examined the financial management of 1800 Australian SMEs has revealed that almost one in five small businesses […]
In yet another blow to the economy, Australia’s unemployment rate has hit 5.2 percent. Data released today by the ABS has shown that 53,800 jobs were lost in February, the biggest drop in full-time positions since mid-1991. The unemployment rate has increased by 0.4 percent in the last month alone, but is set to rise, […]
In just six-hours, the Federal Government have backpedalled on their plans to introduce paid parental leave into the Fair Work Bill, angering Green’s Senator Sarah Hanson-Young. Senator Hanson-Young has called on the Government to rethink their stance on the issue, claiming that Australian families are “tiring of the Prime Minister’s hollow promises.” “This rapid backflip […]
The Australian Industry Group has called for the Federal Government to delay the commencement of the 2010 carbon emissions trading scheme (ETS) due to the current economic crisis. Supporters of the scheme, the group suggested the government pass legislation to ensure implementation, but has recommended the government postpone the scheme until 2012. “Businesses are strapped […]
Search engines are commonly used to find information on the internet. In the world of search engines, click-through mean cash for advertisers. In the US, Jim Jansen, associate professor of information sciences and technology at Penn State and his team including Amanda Spink from Queensland University of Technology, have undertaken a study to gauge customer […]
Social networking and blogging are now the 4th most popular online activities, according to Nielsen’s “Global Faces and Networked Places” report. A staggering two-thirds (67 percent) of the global online population now visit social networks
I received an interesting newsletter from a prominent investment institution last week attempting to allay investor’s fears in regard to the share market. Obviously many investors are either leaving the managed funds preferring to invest directly or they are simply losing faith that the funds can deliver. What concerned me most about the newsletter was […]
The Federal Government’s stimulus package will not contribute to a revival of the retail sector, according to a recent forecast issued by consultancy Access Economics.
The Government’s proposed changes to Industrial Relations laws have come under fire from the Opposition, claiming that they put the interests of unions ahead of jobs. Malcolm Turnbull has called on the Government to change the definition of small business in its new workplace laws; with Nationals Senate leader Barnaby Joyce saying it is wrong […]
Watch out how much you drink in the pub because you may be charged a massive fee from the ATM without even realising it. Fresh off the back of the Reserve Bank’s amendments to ATM fees, iCash has introduced the CashPod, dubbed a “unique selling point” for pub owners allowing them to substantially raise ATM […]
With the Federal Government’s $900 cash bonus – part of the $42 billion stimulus package – hitting consumer bank accounts today, research conducted by the Australian National Retailers Association (ANRA) has shown that people are divided on whether to spend the money or save it. The ANRA consumer sentiment survey has shown that 22 percent […]
Charities have become the latest victims in the global financial crisis, with a growing number applying for funding to meet a rising demand for services. According to Perpetual, Australia’s largest manager of charitable trusts, 942 charities have applied for funding this year, up 26 percent on last year. The applications have totalled $60 million. With […]
Written by Sara Cheng Last November China announced a 4 trillion Chinese Yuan (AUD 905 billion) stimulus package to stabilise its economy and reach 8 percent GDP growth in 2009. CNY 4 trillion will be fully invested before the end of 2010, and China has a detailed implementation plan which has been in action since […]
