Recent data coming from MYOB in its latest Small Business Health Index has shown the adverse of impact lockdowns on the building and construction sector. The data shows that as of 22 October total invoice creation was down 31…
Just in time for the festive season, Victoria and New South Wales have finally begun easing restrictions after extended lockdowns. Bricks-and-mortar stores are opening their doors again and restaurants, cafes and bars are welcoming back patrons. It’s been almost…
Australia will avoid a second COVID-19 recession, defying predictions extended lockdowns in Victoria and New South Wales would devastate the economy. A surge in company and personal tax receipts has delivered a $6.3 billion windfall to the federal budget.…
As predicted last week, consumer credit demand continued its upward trajectory in Q3 2021, supported Equifax’s latest Quarterly Consumer Credit Demand Index. The first week of NSW’s reopening saw a rising demand for auto loans at 33%, mortgages at…
The imposition of lockdowns saw business conditions and confidence fall sharply in Q3. Conditions fell sharply but managed to remain in positive territory (down 17pts to +13 index points) as businesses displayed resilience built up through past lockdown experiences…
According to SAP’s new report, “The connected SMB: Embracing digital strategies to fuel growth,” Australian small and medium-sized businesses (SMBs) could save tens of thousands of dollars a year by transitioning to e-invoicing. The report found that Australian SMBs process an average of 168 invoices each month. With a Deloitte study estimating that e-invoicing could deliver savings of up to $20 per invoice, Australian SMBs could save up…
The supply chain crisis threatening the global economy risks lasting at least another year unless governments step in to help ease the disruption, one of the world’s top shipping companies has warned. Jeremy Nixon, chief executive of Ocean Network…
Sustainable investing may be gratifying for wealthy individuals and families, but it is far from simple. A lack of standards in the measurement and reporting of ESG (environmental, social and governance) products and funds can leave investors confused. And…
The Great Resignation is about to hit Australia with millions anticipated to quit their jobs. Thinking of joining? Read this first. If you’ve just come out of yet another stint of working from home through a lockdown, and you’re…
A global investment bank says house prices in a major Australian city are among the world’s most “overvalued” and on the brink of bubble territory. With Australian property prices hitting new and ever-crazier highs, and regulators circling, ready to…