Image: Reuters/Soe Zeya Tun • Asia-Pacific are beginning to introduce easing of lockdowns due to COVID-19. • Even countries with low case rates face economic hardships. • Phased reopenings are being implemented in many places. Countries all over the world are announcing their plans to emerge from
Physical retail contracted 35% more than online retail did during the GFC. This time we believe the figures will be more extreme. In some ways, this crisis is similar to the SARS epidemic of 2003, which also saw a disruption to travel, work and the
Experts say yes – but it could all come down to the budget. Catastrophic economic damage is pushing world economies to think about how they will rebuild as the COVID-19 coronavirus pandemic eases – but new figures suggest the biggest opportunities for Australia’s recovery will
“To enable the Australian economy to successfully navigate out of the current crisis, increased workplace flexibility is essential,” Innes Willox, Chief Executive of the national employer association Ai Group, said today. Key areas that need to be given thorough attention by the Australian Government and the
The value of Australian wine exports continued to grow in the 12 months to 31 March 2020, but Wine Australia reports that the full impact of COVID-19 on exports is still to come. Wine Australia Chief Executive Officer Andreas Clark said total export value increased
“Regulations that stop Australians keeping their job and their businesses open must be scrapped,” said Daniel Wild, Director of Research with the free market think tank the Institute of Public Affairs. The call comes with the release of new report today from the Institute of
Cloudfloat is one of a number of companies looking to bring buy now pay later to businesses. When Afterpay was founded in 2015, few could have predicted the impact that it and other buy now pay later providers would have on the consumer payment sector. From 400,000
The NSW government is encouraging all small businesses struggling due to the COVID-19 pandemic to register with the state government’s small business advisor program. The program includes Business Connect, which will receive a boost of more than $14 million from the state government. Business Connect
Recently passed legislation provides temporary cash flow to small-to-medium businesses to curb losses created by COVID-19. Eligible businesses can receive $20,000 to $100,000 in cash flow boost amounts but must lodge their activity statements until September 2020. According to the ATO, the cash flow boosts
The highly anticipated Jobkeeper payment scheme is now open for enrollment. The ATO urges people wishing to claim Jobkeeper payments for April to enrol in the program by the end of the month. The 130$ billion Jobkeeper payment is part of the government’s economic response
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