News
The global financial crisis is really starting to hit home with the World Bank predicting the global economy will shrink for the first time since World War II. The World Bank is predicting the crisis will force another 46 million people into poverty and developing countries will experience possible political unrest. The bank’s president Robert […]
Nationals Leader Warren Truss has spoken out about the Federal Government’s proposed Fair Work Bill, claiming it does more than restore former industrial relations laws: “They’ve done deals clearly with the trade union movement and this legislation goes way beyond what they were given a mandate for from the Australian people,” he says. The proposed […]
The Australian Retailers Association (ARA) has come out firing against the big banks, claiming that they are out of touch with the financial needs of small business.
The number of trade jobs advertised online fell in February, according to the Olivier Group. The Olivier Job Index fell by 9.08 percent in February, with the biggest falls coming from the trades, services, transport, engineering, building and construction sectors. Online advertisements for trades and services jobs slumped by 20.33 percent during February, while building […]
Industry groups are urging the government to extend the first home buyer grant beyond the June 30 2009 cut-off in order to support the economy. The grant has lured first home buyers into the market, with official statistics indicating there has been a significant boost of activity in recent months. Mortgage Choice chief executive Paul […]
Vodafone Australia, in collaboration with Cisco and Research in Motion (RIM) have announced their full portfolio of Vodafone Business One communication solutions is now available to small business. First announced in June 2008, the Vodafone Business One portfolio has been extended to include new services including a ‘Voice Package’, delivering an integration and convergence between […]
Small businesses finding it difficult to attain finance can expect assistance from the Federal Government, says Minister for Small Business Craig Emerson following a roundtable discussion between banks and business groups late last week. If an SME has had an application for credit refused by a financial institution, they will have a second chance to […]
A new survey commissioned by Westpac and conducted by TNS, has found that business women are less optimistic about the economic downturn that their male counterparts. The survey of financial decision makers in small and medium sized businesses found that 60 percent of women are less confident in their ability to successfully manage their business […]
Family owned businesses are more vulnerable in the current economic climate, than non-family owned businesses, according to CEO of Family Business Australia, Philippa Taylor. Family owned businesses in Australia number 2 million and Taylor expects many are going to “go to the wall” in the next few months. “Their lack of a solid business plan […]
Small businesses are being urged to take advantage of the Government’s 30 percent Investment Allowance before the June 30 2009 deadline.
A lot of people imagine being a magazine editor is all glamour and freebies. Maybe if you work for Vogue or Madison, but not so much on Dynamic Business, sadly! Today, however, has been different. Because today, dear reader, I came back to the office to find a bottle of wine on my desk. This […]
With some $200 billion wiped off superannuation books in the last 12 months, an average of $20,000 per working individual, the industry needs to bounce back from the financial crisis and shareholder empowerment is the key, says Colin Melvin, one of Britain’s leading pension experts. “As a result of this global crisis, pension funds are […]
Reports of the death of manufacturing have been greatly exaggerated, believes Ian Murray, executive director of the Australian Institute of Export (AIEx), citing advanced manufacturers Cochlear and Resmed as examples of companies that still produce in Australia, during yesterday’s panel session of the AIEx’s ‘Managing your export business in a turbulent global environment’ conference. Panellist […]
The Commonwealth Bank yesterday announced a funding package designed to support small business growth. The Small Business Investment Package will address small businesses’ short and long term needs, says Ian Narev, head of the bank’s Business and Private Banking division. “There’s a misconception out there that small businesses do not have access to the lending […]
New reports have shown that Australian families are struggling to make rental payments in the financial crisis, with many being laid off from their jobs and evicted from their houses. More than 7600 people have lost their homes in NSW while a further 28,000 are struggling to meet repayments and are flocking to the NSW […]
In response to the Government’s $13.8 billion Telepresense video conferencing plan, Telarus, the national infrastructure-based service provider has today announced the availability of high definition video conferencing and Telepresence products via its partnership with LifeSize. The new technology will allow people to do more while travelling less, thus cutting costs and improving productivity, through true-to-life […]
A report conducted by global recruitment firm Robert Walters, has shown that a company’s green stance adversely affects whether a potential employee will choose to work for that firm. The Employee Insights Survey found that 74.4 percent of professionals claimed that a company’s stance on the environment and commitment to green policies would affect their […]
In his address at the NSW Chamber of Commerce luncheon in Sydney yesterday, Rudd spoke of the financial crisis and the need for all Australians to work together to get through the downturn.
Small business owners were left unimpressed by his address, according to Sydney Morning Herald reports, with one business owner claiming the speech was “all spin and no substance.”
The retail industry experienced some much needed growth in the month of January, off the back of extended retail sale periods, along with the Government’s December stimulus package.
At it’s board meeting today, the RBA decided to leave interest rates unchanged at 3.25 percent. According to RBA Governor Glenn Stevens, demand in Australia has not weakened as much as in other countries, and the financial system remains strong. “The Australian financial system remains strong and the monetary policy transmission process is working to […]
