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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 …

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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 …

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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 …

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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 …

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Coles Offers 5,000 Job Openings to Those Hit by COVID-19 Job Loss

Today, Coles announced new job openings after conducting a recruitment drive a fortnight ago, which saw the successful hiring of 7,000 applicants. The Australian supermarket giant would need more hands in its stores including shelf stackers, customer service and checkout staff, as well as 100 qualified bakers for its in-store bakeshops. With the heightened demand in their supermarkets, Coles has …

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5 Tech Strategies for Small Business to Survive Coronavirus

Small-business owners are now using tech strategies to weather the effects of the coronavirus on the economy. According to Karen Mills, a Harvard Business School Senior Fellow, the pandemic may lead to a worse market crunch than the Great Recession in 2008. Nowadays, entrepreneurs are downsizing or temporarily stopping operations, as the government advised the public to stay at home. …

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Supermarkets in Australia Approved to Coordinate on Supplies

The ACCC temporarily allowed supermarkets in Australia to work together as store shelves have run on empty with supplies. The Australian Competition and Consumer Commission granted the application on Monday, allowing rival superstores to coordinate in setting retail prices for their goods. Usually, economists will call this action collusion – an illegal practise wherein retailers conspire in fixing market prices. …

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7 Jobs in Australia to Choose in Coronavirus Crisis

More people are losing jobs in Australia as the ongoing pandemic intensely affects the country’s economy. Westpac’s Chief Economist Bill Evans expects the unemployment rate to soar in this year’s second quarter with 814,000 individuals being laid off or stood down. In cooperation with the Australian government, numerous businesses have shut down operations to control the spread of the coronavirus …

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7 Stimulus Measures Australians Must Know About

Stimulus measures help boost the economy during a crisis. However, the experts think the previous $17.6 billion was not sufficient enough. Australians are losing their jobs, and the RBA’s cash injection was only to provide low-interest bank loans for businesses. For this reason, the federal government presented a new coronavirus response package, bringing the combined stimulus of $189 billion. It …