Effective consultations, natural disaster plan among CPA Australia’s pre-budget submissions to ACT
CPA Australia has sent an eight-page pre-budget submission to the ACT government recommending engagement with a broad cross-section of stakeholders to develop laws and regulations for the territory.
How does a bank fail? A finance expert explains the dramatic downfall of Silicon Valley Bank
The short answer is that SVB did not have enough cash to pay depositors so the regulators closed the bank. The longer answer begins with investment decisions made during the pandemic.
Slow and piecemeal: Australia’s ‘light touch’ approach with Airbnb continues to fuel the housing crisis
When landlords “host” tourists rather than residents, housing supply is depleted, rents rise and neighbourhoods change — and the housing crisis deepens.
ACT expansion into NSW mired by collapse of key Ginninderry builder
Subcontractors, creditors and clients were scrambling to find out where they stand after PBS Building collapsed and went into voluntary administration, owing at least $25 million and leaving a swag of builds in the ACT in limbo.
“What’s next on the chopping block?”: How Australian small businesses are reacting to the interest rate pressure
Asking for payment extensions. Pausing ad campaigns. Slashing graphic design projects. In the face of surging interest rates, entrepreneurs are making drastic decisions to cope with the new cost of their loan repayments.
Why values-based capitalism is good for business and Australia
Teaching company owners how to implement values-based capitalism, be principle-centered leaders, support teamwork, joint problem-solving, and collaboration accelerates company growth, creates jobs, and results in more exports.
Inflation remains Australia’s biggest challenge amidst deepening economic downturn
Federal Treasurer Jim Chalmers is “cautiously optimistic” inflation has peaked. But he warned that rising prices remained “the defining challenge” amid a global economic slowdown and geopolitical uncertainty.
Is your bank paying you the correct interest rate on savings? Data says no
If you’ve got money in the bank, you’re now lucky to earn anything at all. One in seven of the deposit dollars held by the Commonwealth bank (Australia’s biggest for deposits) is in a “transaction account” on which it no longer pays interest.
Is the economy set to nosedive? Five takeaways from the RBA’s latest growth forecasts
The RBA's latest growth forecasts make for grim reading, especially after lifting interest rates for a record nine times in a row.
Cash rate hits 3.35% as RBA signals more hikes to come this year
The latest 0.25 percentage point rise adds $90 a month to a $600,000 variable mortgage.
Chalmers downplays cost-of-living relief measures in upcoming May budget
Jim Chalmers has outlined Labor's economic agenda for the new year, which will focus on providing cost-of-living relief — so long as it doesn’t add to inflation.
Why Australia is in the midst of a potato chip shortage
Potatoes are among Australia’s favourite vegetables. However, we are facing a shortage of processed potatoes, especially of frozen chips.
