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Raising a glass against China: IPAC urges world to drink Australian wine
December 02, 2020 12:51 PM AEDT| By Edita IvancevicInternational parliament members from several political parties have joined forces to “stand against repressive bullying” as a response to China’s raising of wine tariffs for Australia. Several MPs from the Inter-Parliamentary Al.....
Residential real estate regains its shine as house approvals hit a 20-year high
December 01, 2020 07:54 PM AEDT| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) has released building approvals data for October 2020. The data has been particularly encouraging for private sector houses or residential real estate. On a seasonally adjusted basis, building approvals fo.....
What can Australia do about its relationship with China?
December 01, 2020 07:00 PM AEDT| By Edita IvancevicAs China keeps continuously slamming Australia with additional tariffs on imported products, the land down under needs to think of a way to fight back. Trade experts believe Australia can do a lot more than just pursuing legal actions and taking th.....
RBA Monetary Policy Decision: No Changes to Policy Setup
December 01, 2020 05:41 PM AEDT| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has decided to maintain its monetary policy stance, with no new changes announced. With a target of 10 basis points for both the interest rate and the yield on 3-year Australian government bonds, RBA continues to.....
Economic Charter: Australia's Current Account and House Approvals Data Out
December 01, 2020 04:31 PM AEDT| By Kunal SawhneyAustralia’s current account surplus (seasonally adjusted) in the September quarter fell 39 per cent to A$10.0 billion, on account of lower goods and services surplus, according to the latest data from Australian Bureau of Statistics (ABS). Th.....
Is the decline in JobKeeper aid receivers a signal for the Australian economy’s recovery?
November 30, 2020 07:54 PM AEDT| By Edita IvancevicTreasurer Josh Frydenberg announced that more than two million Australians have stopped receiving the JobKeeper subsidy in less than two months. Ever since the NSW government reduced the overall JobKeeper payment in September, the number of recipi.....
Australia’s Gold & Battery metals shine brighter despite COVID scourge
November 30, 2020 05:43 PM AEDT| By Hina ChowdharyWhile the pandemic adversely affected the global economic scenario and the commodity markets, it acted as an unexpected catalyst for both gold and battery metals sectors. The rising call for clean energy has brought renewable energy and electric mo.....
What are business indicators reflecting for the Q3 for the Australian economy?
November 30, 2020 05:37 PM AEDT| By Kunal SawhneyData on Australia’s third quarter GDP is scheduled to be released on Wednesday, 2nd December 2020. The numbers would be closely watched as the gross domestic product (GDP) contracted 7 per cent in the June quarter when coronavirus related cur.....
Northern Territory welcomes first international students in eight months
November 30, 2020 04:16 PM AEDT| By Edita IvancevicNorthern Territory became the first Australian state to welcome the first batch of international students. A flight from Singapore transported 63 individuals from all over Asia – China, Japan, Hong Kong, Indonesia, and Vietnam. The students.....
Australian lobster industry in troubled waters after Chinese restrictions
November 30, 2020 03:32 PM AEDT| By Edita IvancevicThe China-Australia trade war has inflamed drastically over the past few months, adding the lobster industry to the pile of businesses in danger. Earlier this month, large amounts of shellfish were stuck at the Chinese airports, souring the alread.....
Australia’s Economic Charter: Any Emerging Green Shoots?
November 30, 2020 12:22 AM AEDT| By Team Kalkine MediaWith COVID-19 pandemic under control, the Australian economy is actively proceeding on the path of economic recovery. While the economy is not out of the woods yet, several green shoots are sprouting in the nation’s economy, stimulating hopes.....
Will Australia EV industry put the pedal to the metal by 2021?
November 29, 2020 12:00 AM AEDT| By Team Kalkine MediaConventional fuel-based vehicles have been hurting the environment for decades as they contain harmful exhaust emissions. Due to rising air pollution and earth’s atmospheric temperature, a pool of experts has suggested some strict measures to.....
Vestas, Global Power Score A 328 MW Deal for 2 Wind Projects
November 27, 2020 06:59 PM AEDT| By Kunal SawhneyVestas has joined hands with Global Power Generation to sign a 328 MW deal for two wind projects in Victoria, Australia. Image Source: © Kalkine Group 2020 Vestas is the worldwide partner for energy industry on sustainable energy solutions.....
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Australia’s Treasury Wine takes a spill as China imposes tariffs
November 27, 2020 05:19 PM AEDT| By Hina ChowdharyTreasury Wine Estates Limited (ASX:TWE) has requested the exchanges for a trading halt today over the provisional anti-dumping measures imposed by China on Australian wine imports. The Company is currently reviewing the details of the provisional ant...
Proposed NSW Property Tax Regime: Stamp Duty Dilemma
November 27, 2020 02:17 PM AEDT| By Kunal SawhneyNew South Wales treasurer Dominic Perrottet recently announced the proposal to move towards a new property tax regime. This regime would allow taxpayers to choose between paying a lump sum stamp duty while purchasing a property or paying an annual .....
Sovereign Hill Launches 20-Year Master Plan to Celebrate Golden Jubilee
November 27, 2020 02:09 PM AEDT| By Team Kalkine MediaThe open-air museum in Golden Point and the historical landmark, Sovereign Hill, has unveiled a master plan for the next two decades. The 20-year Master Plan includes four phases to be delivered between 2021 and 2030. Gold will continue to play a cr...
Victoria Emerges as the Warrior Against Corona War
November 27, 2020 01:38 PM AEDT| By Team Kalkine MediaVictoria seems to have emerged from the disastrous second coronavirus wave. The state has recorded no new coronavirus cases for the 28th consecutive day. According to the epidemiologists, Victoria has met the official definition of COVID-19 eradic.....
Veris Limited (ASX:VRS) Bags Pipeline Contract From APA Group
November 26, 2020 02:53 PM AEDT| By Hina ChowdharyVeris Limited (ASX:VRS) has bagged a service contract from APA Group Limited (ASX:APA) for providing survey and associated services for the new Northern Goldfields Interconnect (NGI) pipeline in WA. The contract offered by APA comes under $460 milli...
APRA releases superannuation data for September 2020
November 26, 2020 01:40 PM AEDT| By Kunal SawhneyThe Australian Prudential Regulation Authority (APRA) has released the superannuation statistics for September 2020. Over the year to September 2020, the assets under super products fell 1.6% to $2,891.3 billion compared to $2,939.7 billion. From .....
‘Now is the Time’: Melbourne Airport launches campaign to woo travellers
November 24, 2020 04:38 PM AEDT| By Team Kalkine MediaIn the backdrop of easing COVID-19 restrictions in Victoria, Australia’s Melbourne Airport is encouraging travellers to opt for air travel and make plans for their next trip. The airport, in partnership with Qantas (ASX:QAN), Jetstar, Virgin .....
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