Tag: Economy

The Reserve Bank of Australia has today cut the cash rate by 25 basis points to 2.0 per cent, a record low that comes one week away from this year’s delivery of the Federal Budget.

The use of counterfeit money in Australia may not be too prevalent, but the potential costs can nevertheless affect both business and the general public.

General business conditions were down for third quarter in a row, while businesses’ outlooks for their own conditions dropped for the fifth consecutive quarter.

Every business is a boat on the economic seas. Although bigger boats have a better chance of riding out storms, the small ones can have as much of a chance if navigation is mapped out with care.

While Australian SME exporters continue to win contracts against global competitors, many find it difficult to access the finance they need to secure these opportunities.

“Unions in every country negotiating the TPP are calling for negotiations to be shut down unless there are transparent, public mandates that put community interests ahead of company profits.”

Approximately 37,700 more Australians entered the Labour Force in March, decreasing the nation’s estimated seasonally adjusted unemployment rate to 6.1 per cent.

Consumer sentiment dropped by 3.2 per cent during April, hitting 96.2 per cent from the 99.5 registered in March.

Touted as the most significant review in 20 years, the report from a panel led by Professor Ian Harper puts forth several recommendations to create more favourable conditions for the small business players in Australia.

Compliance issues, red tape, and a lack of knowledge relating to FTAs are holding back many of Australia’s businesses from engaging in international trade, according to a new survey by the Australian Chamber of Commerce and Industry.