Snowflake, the Data Cloud platform based in the US, announced its first-ever Global Startup Challenge, with the winner receiving up to $250,000. “This competition will showcase the power of data network effects while also expanding their reach. We look forward to rewarding a top startup who both embodies and employs the Snowflake vision: To mobilise […]
More than 50 per cent of Australians intend to travel in the next six months, says Tourism Australia. Australia’s tourism industry, which employs 5 per cent of Australia’s workforce, has experienced a tough year, impacted by bushfires, the pandemic and interstate and national border closures. However, industry experts have observed a growing Australian sentiment towards […]
Australia businesses should prepare to take at least two decades to build new opportunities in the Asian market, says RBA governor Dr Philip Lowe. On Wednesday, Dr Lowe addressed the Australian Strategic Forum, noting that Australia is in a fantastic location in the world, closest to some of the fastest-growing regions. “[Australia’s relations with India […]
The NSW government 2020-21 budget has revealed the state’s payroll tax threshold will increase from $1 million to $1.2 million benefiting 36,000 businesses. The payroll tax rate will drop to 4.85 per cent from 5.45 per cent backdated to 1 July 2020. This is a temporary payroll tax rate decrease for FY2020-21 and FY2021-22. NSW […]
The JobMaker Hiring Credit Bill passed Parliament on Wednesday, confirming $4 billion to support around 450,000 jobs for people aged between 15 to 35. The hiring credit is designed to encourage businesses to hire additional young employees and increase employment. Youth unemployment was heavily impacted due to the lockdown caused by the COVID-19 pandemic. “We […]
A national business poll has been released showing one in three SMEs are considering closing or selling their business within the next six months, due to the impact of the COVID-19 recession, unless there is a significant improvement in conditions. The poll conducted by ScotPac, Australia and New Zealand’s largest non-bank SME lender, has also […]
A record number of Australian companies are participating in the third China International Import Expo (CIIE), open from 5 to 10 November 2020. The annual event is hosted by China in Shanghai and is the world’s first import-themed trade fair. Despite the challenges posed by COVID-19 and trade tensions between Australia and China, more than […]
Research shows that products that use the Australian Made logo have an advantage in the international market, with 97 per cent of overseas consumers adopting a positive first impression of the logo. Ben Lazzaro, CEO of Australian Made, said that the iconic green and gold kangaroo has provided an effective way for shoppers around the […]
The world’s second and third largest economies, China and Japan, have both pledged to eliminate carbon dioxide emissions, heralding an economic era characterised by sustainability and renewable energy. Japanese Prime Minister Yoshihide Suga committed to carbon neutrality by 2050 in his first policy address to parliament earlier this week. “We will fundamentally shift our long-standing […]
The NSW Government is joining forces with Innovation District Partners, including the Australian Catholic University (ACU), to identify innovative businesses for grants under the Boosting Business Innovation Program. This year’s Boosting Business Innovation Program supports businesses which are accelerating the commercialisation of research products to address the many disruptions caused by the COVID-19 pandemic. Innovation […]
