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WA announces $5.5bn Recovery Plan, including extra $2.7bn for businesses

The plan will help drive economic and social recovery across the state and create a pipeline of jobs for Western Australians. The WA Recovery Plan has been released, which will help drive economic and social recovery across the state and create a pipeline of jobs for Western Australians. The plan has been developed with State Recovery Controller,

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June’s $2.2bn SME lending spike means recovery is on the horizon – ABA

New figures reveal early signs of economic confidence beginning to grow in Australia with lending to small, medium and family businesses increasing by more than $2.2 billion last month. The new figures support Federal Treasurer Josh Frydenberg’s observation today that there is early evidence of increased economic investment in Australia. Continued lending to small business

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Victoria’s creative industry gets lifeline: $2.3 million in Covid support

Hundreds of Victorian creatives hit hard by the ongoing impacts of coronavirus have received a lifeline from the Victorian Government, enabling them to keep working, adapting and creating through the pandemic. Minister for Creative Industries Martin Foley today announced almost $2.3 million in Sustaining Creative Workers grants to directly support 373 independent creatives and micro-businesses

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Second lockdown: Victoria’s GDP to fall 5.25% in 2020

New modelling shows the significant impact the coronavirus pandemic and the global recession has had on Victoria’s economy and the state’s bottom line. The Victorian Government has now invested more than $9 billion towards protecting Victorians from the deadly health risks and economic effects of the coronavirus pandemic. The modelling released today by the Department

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80% of small hospitality owners won’t recover without third party help

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says new figures show many café owners are tipping a long road to recovery, highlighting the need for additional support and in some cases, compensation. According to the *Harris Café Report, 80% of small business owners in hospitality – the majority of which are café

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How Aussie commodities are faring after COVID consumption slump

ABARES March update summarised the short term outlook for major Australian agricultural commodities, where we saw the demand and value for red meat and dairy products forecasted to drop along with the wheat, wine, barley and chickpea prices. We’ve seen these impacts flow through with red meat in particular being impacted by reduced food service

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China has a new third richest man and he’s only 40 years old

China’s third richest man is a relative new kid on the block — and one of the country’s youngest billionaire entrepreneurs. Colin Zheng Huang, age 40, founded online discount platform Pinduoduo in 2015 and took the e-commerce firm public on the Nasdaq in 2018. Following a 14.5% surge in share price on Friday that boosted Huang’s

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Four tips on how to manage cash flow during uncertainties for SMBs

As remote working increases, many businesses have adopted non-traditional solutions to manage this transition. Those that were quick to pivot and adopt digital solutions saw the least disruption during the nationwide shutdown. However, with restrictions easing across Australia and New Zealand, businesses are learning to adapt to the ‘new normal’. This will likely see a

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Making the most of EOFY in your marketing

Image: iStock As we’re approaching the end of financial year, it’s a good idea to have a plan in place for the weeks ahead. In the age of COVID-19, EOFY plans and sales involve keeping an eye on fulfilling orders, taking into account delays with deliveries, and of course, making that final push before the

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