Archive for January, 2019

Government promises 1.25 million jobs in next five years

29 January 2019
Scott Morrison will pledge the creation of 1.25 million new jobs over the next five years and the eradication of net debt within a decade, a move that would require paying down more than $350 billion over the 10 years.
In his first major economic speech for the year, the Prime Minister will issue a veiled warning of the risk of recession under Labor as … Read more »

Hilton to Return to Melbourne with 600-room Flagship Luxury Hotel

In yet another sign of the buoyant Melbourne hotel market, after a five-year hiatus, one of the world’s most famous hotel brands, Hilton, is set to return to Melbourne with a 600-room flagship luxury offering to open on the city fringe in 2022.
The new Hilton will form part of Malaysian developer OSK’s colossal $2.8 billion Melbourne Square project in Southbank, which is currently under construction.
It adds to a … Read more »

Agri-Sector Still Strong as Australian Wine Exports Up 10%

22 January 2019

Australia’s wine exports climbed by 10 per cent to $2.82 billion wine in calendar 2018, with red wine varieties growing the fastest to now make up 76 per cent of the total.
The strong growth of the Penfolds and Wolf Blass brands owned by $11 billion ASX-listed Treasury Wine Estates into China helped push total exports into that country ahead by 18 per cent for … Read more »

Ahead of the Curve – Weaker A$, Cheaper Petrol Boon for Domestic Tourism

15 January 2019

Australians have long been outbound travellers  traditionally, but recently, stay-cations – vacations near home rather than overseas – have become more popular in 2018 and expected to stay that way in 2019 and beyong, according to a recent study.

Domestic tourism is picking up faster than outbound travel, As petrol prices hit a 15-month low in capital cities. People are more inclined to have roadtrips domestically, rather than seeing … Read more »

More Luxury Brands Head to Melbourne

In yet another sign of the market’s confidence in the local Melbourne economy, the rush of international luxury brands seeking a bricks-and-mortar presence in the Victorian capital is showing no sign of slowing down in 2019. Among those hunting for retail space on Australia’s east coast are Swiss watchmaker Audemars Piguet, French trunk and leather goods maker Goyard , French luxury jewellery and watches house Boucheron and high-end … Read more »

Government Pushes Bank Lending to SMEs

Federal Treasurer Josh Frydenberg has delivered a festive-season public message to banks to ensure healthy lending flows to households and small business, in order to avoid a royal commission-induced credit squeeze that could crimp the economy.
Amid concerns that front-line branch staff are becoming more conservative in reaction to the royal commission’s crack down on responsible lending laws, Mr Frydenberg told AFR Weekend he did not want … Read more »

Ahead of the Curve – Strong Overseas Interest in Local Healthcare

8 January 2019

In yet another sign of the very strong state of the Australian healthcare sectior. Healthcare conglomerate Healius has rejected a $2 billion takeover offer from China’s Jangho Group on the basis it “is opportunistic and fundamentally undervalues” the company.
The Sydney-based company, which was previously called Primary Health Care, said it has a number of improvement initiatives underway that, once completed, will deliver value to … Read more »

New Year Is A Great Time to Set Business Goals

Happy New Year! We hope you’ve had some opportunity in the glorious Summer weather to recharge your batteries for the busy year ahead. Here at First Choice we’re back from leave, and ready to help you with your business transition.
This is a great time to sit down with your team (if you have one!) to think about short and long term business goals. Setting goals encourages … Read more »