Cash injection for Melbourne businesses amid lockdown extension

Published

3 years ago

July 21, 2021

Businesses within Melbourne and Australia’s state of Victoria have been sent some welcoming news

Melbourne businesses will be entitled to further financial assistance as the state’s lockdown is extended another week.

Minister for Industry and Support Martin Pakula made the announcement today, stating that the most recent support package was worth more than $282 million.

“We are announcing an additional $282.5 million in new cash grants for businesses affected by the seven-day lockdown extension,”

The announcement brings to the total support package made for businesses totaling $484 million for the cities fifth lockdown.

But business owners continue to plead with leaders stating that lockdowns are no longer the answer to manage the virus, and many have slammed the government for the fine print.

Mr. Pakula revealed the Victorian government had spent about $7 billion in business support throughout the pandemic.

China has pledged to “significantly increase” debt to jumpstart its economy

Published

1 day ago

October 14, 2024

ticker NEWS

Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

Leaders

Niche accountants proving essential to e-commerce success

Published

6 days ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

6 days ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending