The number of Australians using physical cash to pay for goods and services plummeted during the COVID-19 pandemic, but experts believe the country is not quite ready for a completely cashless society. Alan Shields, Chief Operating Officer at business intelligence firm RFi Group, said they had seen a crash in the rate of cash usage...
Category: Business
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Pandemic aside, government spending needs to increase by at least 7 per cent of GDP
Dr Marc Robinson, an Australian, Swiss-based international authority on government finances documents how and why advanced nations are headed for a new era of bigger government during the pandemic in his latest book, Bigger Government. A member of the OECD Advisory Panel on Budgeting and Public Expenditures and former staff economist at the International Monetary...
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Victoria benefits from Providence’s plans to a sustainable power future
Victoria is the latest state to benefit from an ambitious solar farm roll-out by Providence Asset Group and follows last month’s announcement of plans for 28 solar farms across NSW, incorporating ground-breaking hydrogen storage technology that will be a first for Australian solar projects. A leading Australian Environmental, Social and Governance investor in renewable and...
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Gold Coast Small Business Advocate Takes Steps To Fight Economic Crisis
One of the Gold Coast’s most prolific small business advocates believes she has the solution to repair the economy in the wake of the Coronavirus crisis. Paula Brand, founder and chief executive officer of Small Business Expos, says the way forward is for businesses and the unemployed to reconnect and network. Ms Brand has spent...
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Aussie Trainer Kimberly Lauren Inspires Us with Keto Recipe E-books
Australian fitness and keto trainer Kimberly Lauren has recently published easy to follow recipes of Keto meals and treats that everyone can follow. As she launched her Brand Identity and Website, Kimberly Lauren also recently came up with a Keto program to help women and men return to fitness and healthy active living during this...
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Post-COVID: All Eyes on Manufacturing to Boost Local Economy
No-one can deny that the pandemic caught us all by surprise. Our economy, along with the rest of the world, is still riding the shockwaves. But the manufacturing industry was languishing in the doldrums way before COVID. So is this the shakeup needed that will, at last, re-ignite the sector? Following much-needed government intervention, manufacturing...
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Capitalism isn’t working anymore. How did the pandemic change it?
Capitalism is in crisis. The pandemic could change it forever, in favor of workers and those in greatest need. Covid has put a magnifying glass over the many inequalities of the US economy and society. Millions of Americans are still out of work. Women and minority workers have been hit particularly hard. Many people can’t...
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National Australia Bank sees ‘significant risk’ of monetary easing next month
Economists at National Australia Bank said on Tuesday they see a “significant risk” of a cut to the central bank’s cash rate and three-year bond yield target to 10 basis points from 0.25% now. NAB also expects the Reserve Bank of Australia (RBA) to announce outright bond purchases in the 5-10-year maturities, so as to...
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FBA: Family business key to Australia’s recovery post-COVID-19
Family businesses will be key to Australia’s economic recovery from the coronavirus recession, according to Australia’s peak body for family businesses, Family Business Australia (FBA), which is hosting its National Family Business Day on 18 September. Greg Griffith, CEO of FBA, says National Family Business Day is more significant than ever as family businesses make...
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New Gold Coast venue helps businesses connect and go global
While many businesses have closed on the Gold Coast during the pandemic, a new unique venue will officially launch on October 1 to help event-based businesses which have been stuck or restricted to go global. The Freedom Potential Centre in Varsity Lakes hosts virtual and hybrid events on Zoom and other live streaming platforms. It...