Archive for February, 2019

Still Largely Positive News from IMF Report on Australia

People are rarely exposed to good news stories. This can build the wrong picture for people deciding whether or not to invest in business in Australia. In fact, Australia remains a great place to invest, as shown in the latest IMF report into Australia’s economy. The report acknowledges concerns over high household debt and low housing affordability, but stated “The housing market correction should be mild and short-lived,” … Read more »

Australia Seeking More Foreign Investment Into Agriculture to Boost Growth

27 February 2019
The federal government is chasing more overseas investment in Australia’s emerging ag-tech sector as it looks to boost farm and technology exports.
Austrade is launching Australia for Ag as a lack of funds other than government grants threatens to hold back the next generation of smarter and more efficient farming and food production.
The government is concerned that although Australian start-ups and their innovative … Read more »

UK Pushes for Closer Ties with Australia

12 February 2019
Australia could be joining a trans-Tasman-style free-movement area between Australia, Britain, New Zealand and Canada. According to a report, authored by British Conservative MP and foreign-policy specialist Bob Seely and researchers at the Henry Jackson Society.
The report said Britain should also aspire for a free-trade area that emulated the closeness of the trans-Tasman relationship.
Australia’s High Commissioner to Britain, George Brandis, attended the … Read more »

Chinese New Year Boon For Australian Tourism

5 February 2019
Tourism operators are hoping for an extended high period of trade to kick off 2019, thanks to the Lunar New Year beginning just as school holidays end, with China Southern Airlines adding an extra daily flight into Australia to keep up with demand.
China Southern Airlines has added an extra flight to their schedule over the Lunar New Year period to deal with increasing demand … Read more »

Hayne Report Good for Small Business

The Australian small business community has responded well to the recommendations flowing from the Hayne Banking Royal Commission. The report has recommended that the responsible lending laws for consumers not be extended to small businesses, because this would be likely to increase the cost of credit, and make it harder for small firms to get loans. The report also recommends expanding the definition of ‘small business’ in the industry code … Read more »