Finance News
Just when you thought you’d seen and heard it all through this pandemic, throw an earthquake in the mix! We all felt the earth shake around 9:15am this morning and looked around wondering what on earth could possibly go wrong next?! It was a big one too, by Australian standards – 5.3 on…
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If you’re a small business owner, chances are you’ve been hanging out to hear how the Australian government’s Job Keeper program is going to work. I’m one of the 900,000 business owners who is signing up to the program, which provides $1500 per employee, per-fortnight in relief to businesses that can show they have…
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The government’s latest tranche of coronavirus stimulus – the “jobkeeper” payment – is going to help a lot of business operators and their employees sleep easier through this crisis. It’s important to note how monumental this piece of stimulus is. Any business that can prove a 30% drop in earnings will be eligible for…
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Last week the government announced a significant stimulus package aimed at keeping small businesses afloat through the coronavirus crisis. But according to many people that I’ve spoken to, the details and the potential impact have been lost among the coronavirus noise. So here’s a breakdown. Basically the stimulus package amounts to a tax break for…
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It’s been a whirlwind week for our markets as the impact of the coronavirus outbreak continues to grow. Monday was the worst day in a decade for our share market as more than $100 billion was wiped. To that point we’d lost a full year of gains in just 35 days. This is obviously…
Read the rest of the entry »As we predicted, the RBA has cut interest rates to even lower historic lows. The difference is that for the first time in a long time, the big banks have passed the cut on immediately and in full. There have also been some announcements around small business loan cuts from the banks, as well as…
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Only a week ago most global share markets, including ours, hit record highs. At the time of writing the losses as a result of the coronavirus outbreak amount only to our 2020 gains so far. What’s unclear, of course, is how widely the coronavirus will spread and how much damage it will do, leading to uncertainty in…
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It seems the coronavirus outbreak is starting to bite Australian small businesses. I recently spoke to a landlord on the Gold Coast who says he’s had two Chinese restaurant tenants break their leases in the last fortnight. I also spoke with an international education provider here in Melbourne who told me their business has seen…
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