Economy

Will Australia EV industry put the pedal to the metal by 2021?

Conventional fuel-based vehicles have been hurting the environment for decades as they contain harmful exhaust emissions. Due to rising air pollution...

Vestas, Global Power Score A 328 MW Deal for 2 Wind Projects

Vestas has joined hands with Global Power Generation to sign a 328 MW deal for two wind projects in Victoria, Australia. Image Source: © Kalki...

Australia’s Treasury Wine takes a spill as China imposes tariffs

Treasury Wine Estates Limited (ASX:TWE) has requested the exchanges for a trading halt today over the provisional anti-dumping measures imposed by Chi...

Proposed NSW Property Tax Regime: Stamp Duty Dilemma

New South Wales treasurer Dominic Perrottet recently announced the proposal to move towards a new property tax regime. This regime would allow taxpaye...

Sovereign Hill Launches 20-Year Master Plan to Celebrate Golden Jubi...

The 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 Mast...

Victoria Emerges as the Warrior Against Corona War

Victoria seems to have emerged from the disastrous second coronavirus wave. The state has recorded no new coronavirus cases for the 28th consecutive d...

Veris Limited (ASX:VRS) Bags Pipeline Contract From APA Group

Veris Limited (ASX:VRS) has bagged a service contract from APA Group Limited (ASX:APA) for providing survey and associated services for the new Northe...

APRA releases superannuation data for September 2020

The Australian Prudential Regulation Authority (APRA) has released the superannuation statistics for September 2020. Over the year to September 2020,...

‘Now is the Time’: Melbourne Airport launches campaign to woo travel...

In the backdrop of easing COVID-19 restrictions in Victoria, Australia’s Melbourne Airport is encouraging travellers to opt for air travel and m...

NSW's $32 Billion Electricity Infrastructure Roadmap Aims to Bolster...

New South Wales (NSW) has recently unveiled its electricity infrastructure roadmap, designed to shift the energy system towards renewable energy from...

One Nation Leader Mark Latham Labels NSW’s Energy Roadmap as a “New...

Mark Latham, the One Nation leader and the former member of the house of representatives, has slammed the energy roadmap unveiled by the government of...

Government to decide on planned super contribution increments in May...

Superannuation 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 o...

G20 Summit: What are the key agenda points?

The exacerbated pandemic situation rampant across the globe has hit the nations with massive economic shocks. Amidst the faltered economic scenario, t...

Why is South Australia lifting the lockdown earlier than expected?

Just two days after the harsh lockdown was announced in South Australia, contact tracers discovered that a pizzeria worker from Adelaide had lied to t...

Australia retail sales shoot up by record 6.5% in September quarter

On 4 November 2020, the Australian Bureau of Statics released its retail sales report for September 2020. The Australian spending surged by a record...

Consumer Confidence in Focus Ahead of Christmas Rally

Consumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people...

How COVID-19 has Impacted Australian Labour & Property Markets?

The pandemic has brought along many shocks to the Australian economy, all at once. Severe impacts have been felt in the labour market, property market...

Regional NSW Property Market Records a Price Surge

The New South Wales property market has experienced varying effects of the pandemic. The provision of working remotely, under the lockdown restriction...

Who are the winners and losers in NSW Budget 2020?

NSW 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 C...

What does Big Housing Build mean for Victorians?

It has been a tough year for Victorians. Having spent months within the confines of their homes in one of the world’s strictest lockdowns, peopl...