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 […]
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 […]
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.
Treasurer Wayne Swan has predicted that the economy is set to nosedive even further in the next few months as the backlash of the failing US and Asian economies hits Australia. Swan warned that the collapse of output amongst Australia’s major trading partners will have a dramatic impact on our economic growth. Growth in the […]
On the back of news that Pacific Brands will axe 1,850 jobs, phone companies Nokia and Vodafone and property developer Lend Lease have announced plans to shelve thousands of jobs, the latest companies to fall victim to the economic crisis. Lend Lease yesterday announced plans to cut 2,000 jobs worldwide, with 20 percent of the […]
Opposition Leader Malcolm Turnbull has not only rejected the Federal Government’s stimulus package but has suggested that the Government pay the superannuation obligations of a range of businesses, causing outrage with Senator Nick Sherry, Minister for Superannuation and Corporate Law, believing Turnbull has not given enough thought as to how it will affect small business. […]
A second stimulus package, worth $42 billion, announced yesterday by the Federal Government will push the budget into deficit but will assist in the fight against recession says Prime Minister Kevin Rudd. “I don’t like being in deficit at all. This is not a question of choice. This is what we are required to do,” […]
You have reached the end!
