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Economy
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 .....
NSW's $32 Billion Electricity Infrastructure Roadmap Aims to Bolster Economy
November 24, 2020 12:05 AM AEDT| By Hina ChowdharyNew South Wales (NSW) has recently unveiled its electricity infrastructure roadmap, designed to shift the energy system towards renewable energy from coal. Moreover, the state government plans to lure renewable infrastructure and related private in.....
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One Nation Leader Mark Latham Labels NSW’s Energy Roadmap as a “New Tax”
November 23, 2020 03:05 PM AEDT| By Team Kalkine MediaMark Latham, the One Nation leader and the former member of the house of representatives, has slammed the energy roadmap unveiled by the government of New South Wales, citing that the cost would be ultimately passed to the consumers. Mr Latham has w...
Government to decide on planned super contribution increments in May 2021
November 21, 2020 01:38 PM AEDT| By Team Kalkine MediaSuperannuation contribution, which is set to increase to 12% from 9.5% by 2025, is facing a tough debate in political circles of Australia. The size of the superannuation industry is around $3 trillion in the country. Image Source: © .....
G20 Summit: What are the key agenda points?
November 21, 2020 12:22 PM AEDT| By Kunal SawhneyThe exacerbated pandemic situation rampant across the globe has hit the nations with massive economic shocks. Amidst the faltered economic scenario, the leaders representing the major economies are virtually attending the 15th meeting of Group of T.....
Why is South Australia lifting the lockdown earlier than expected?
November 20, 2020 05:58 PM AEDT| By Edita IvancevicJust two days after the harsh lockdown was announced in South Australia, contact tracers discovered that a pizzeria worker from Adelaide had lied to them. Effective immediately, South Australians can go back to outdoor exercise and recreation outs.....
Australia retail sales shoot up by record 6.5% in September quarter
November 20, 2020 03:36 PM AEDT| By Team Kalkine MediaOn 4 November 2020, the Australian Bureau of Statics released its retail sales report for September 2020. The Australian spending surged by a record last quarter as the quarterly retail volume surged by 6.5% compared to a decline of 3.5% in the pr.....
Consumer Confidence in Focus Ahead of Christmas Rally
November 20, 2020 12:47 PM AEDT| By Team Kalkine MediaConsumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people tend to purchase more and spending increases. Thus, there is an overall positive sentiment in the .....
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How COVID-19 has Impacted Australian Labour & Property Markets?
November 19, 2020 02:57 PM AEDT| By Team Kalkine MediaThe pandemic has brought along many shocks to the Australian economy, all at once. Severe impacts have been felt in the labour market, property market as well as in the economic stability of the country. This was followed by stringent policy action.....
Regional NSW Property Market Records a Price Surge
November 18, 2020 08:02 PM AEDT| By Hina ChowdharyThe New South Wales property market has experienced varying effects of the pandemic. The provision of working remotely, under the lockdown restrictions has enabled many to relocate to their hometowns away from the city. Consequently, the property p.....
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Who are the winners and losers in NSW Budget 2020?
November 18, 2020 06:02 PM AEDT| By Edita IvancevicNSW Treasurer Dominic Perrottet has announced the state budget for 2020. As expected, the state has faced a large deficit of A$16 billion due to the COVID-19 pandemic. The vast debt is currently expected to stay until 2024, despite extreme measure.....
What does Big Housing Build mean for Victorians?
November 18, 2020 05:56 PM AEDT| By Edita IvancevicIt has been a tough year for Victorians. Having spent months within the confines of their homes in one of the world’s strictest lockdowns, people of Victoria can finally enjoy their much-coveted freedom. However, freedom was not the most imp.....
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New Zealand likely to face grocery shortage; Labour government investigates
November 18, 2020 01:57 PM AEDT| By Hina ChowdharyAs the country navigates through COVID-19 outbreak, New Zealand is now facing another big problem. This time it is about the shortage of food supply nationally. Food and Grocery Council chief executive Katherine Rich has warned the country that the.....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 08:47 PM AEDT| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
AGL Energy (ASX:AGL) Beefs up Battery Plan to Increase Grid Reliability Across NEM
November 17, 2020 02:50 PM AEDT| By Team Kalkine MediaAGL Energy Limited (ASX:AGL) has unveiled plans to develop a giant grid-scale battery in Adelaide, South Australia. The grid-scale battery would compete with fossil fuels to support renewable source generation from solar and wind. The announcement .....
RBA says Low interest ‘gravitational pull’ forced it to embrace QE
November 17, 2020 12:57 PM AEDT| By Team Kalkine MediaEarlier this month, Pfizer gave hope to the world in terms of a medical breakthrough via a vaccine. Now Moderna has also said that its vaccine showed over 90% efficacy. Both vaccines are based on messenger RNA (mRNA) technology. Image Source: &c.....
NSW unemployment likely to hit unforeseen levels seen in the last 20 Years
November 16, 2020 02:45 PM AEDT| By Kunal SawhneyThe Australian unemployment rate was set to reach the 10% mark in December, as predicted before. However, amid pandemic relief measures taken by the central bank, the unemployment forecast for the month of December has improved to 8%. However, Ne...
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