View Post

Reserve Bank Prints New Money: What It Means?

On March 19, The Reserve Bank of Australia cut down rates to 0.25 per cent right after the federal government announced the initial stimulus package, which included a bond-buying scheme. Hence, the RBA kept the interest rates at a historic low, saying that it was necessary. It predicted that the country would experience a massive economic contraction in the next …

View Post

Eligibility Requirements for JobKeeper Wage Subsidy You Must Know

Do you know the eligibility requirements for Australians to receive the JobKeeper wage subsidy? This new payment scheme will help curb the rising unemployment caused by the coronavirus pandemic. Last week, the Australian Prime Minister, Scott Morrison, announced a new JobKeeper wage subsidy to help Australians keep their jobs. The federal government will release a support package, worth $130 billion, …

View Post

Oil Prices Decline, Collapsing MENA Region Economies

Oil prices in the global market plunged drastically, dragging the economy in the Middle East to an unavoidable economic crunch. The novel coronavirus pandemic, otherwise known as COVID-19, has weakened the oil consumption in the past few weeks. With almost the entire world in quarantine, petrol has not been in demand as it used to be. To add ‘fuel to …

View Post

Energy Bills Expected to Increase as Australians Stay Home More

The average household in Australia would be paying an additional $88 monthly for their energy bills as more people are staying in their homes, said Mozo – the country’s leading financial analyst. With the lockdown expected to last for six months, Mozo projects energy costs will double by an additional $527 in total. Charges will reach $1,582 in average if …

View Post

Major Supermarkets in Australia Introduce New Shopping Rules

Major supermarkets in Australia will be introducing new restrictions for shoppers starting Monday. With the COVID-19 cases still rising, Coles and Woolworths are planning to enforce stricter limits on their customers. Woolworths will admit entry for eight customers a time beginning next week. Allegedly, the Woolies at Richmond NSW has started implementing the new rule. Coles has added security personnel, …

View Post

Build Trust Towards Your Remote Team Effectively

Transitioning from being an onsite team to a remote team may feel overwhelming for your employees, especially with the threat of the coronavirus still lingering. Moreover, your staff may end up overworking as they have the impression that they are not doing enough. Add that with them trying to adapt to a work-from-home setting. Now, how do you lessen the …

View Post

Small Businesses in Australia: 3 Ways to Show Your Support

Small businesses in Australia, especially the brick-and-mortar types, have been one of the most affected by the lockdown. With multiple corporations closing down their doors, some have tried weathering through the storm by sending their staff to work from home. Moreover, the federal government have granted some companies an economic stimulus package, which includes cash payments of $100,000. The stimulus …

View Post

Secure Remote Workforce With These 3 Easy Steps

Aside from a company’s programs for disaster recovery and continuity, establishing a remote workforce has become the most plausible solution for businesses nowadays. As the economic struggle against the coronavirus outbreak continues, numerous companies choose either to close down or to adapt an unconventional working arrangement. The suspension of normal onsite business operations has brought upon numerous struggles for both …

View Post

Loan Repayments Deferred by Banks for 6 Months

This morning, major financial centres in Australia have extended their business relief package by deferring an extra $100 billion worth in business loan repayments. An additional 30,000 commercial landlords will now be eligible for a support coverage in an attempt to relieve the adverse effects caused by the COVID-19 outbreak. The announcement came right after banks announced a six-month deferral …

View Post

Home Business: 6 Steps to Transition Successfully

A home business is probably the best option every entrepreneur has right now amidst the fears brought by the coronavirus pandemic. In Australia, a nationwide lockdown has forced numerous small businesses to close down either temporarily or permanently. Moreover, big companies such as Qantas Airways, Virgin Australia, and Crown Casinos have stood down employees in huge numbers after closing down …