Care needs to be taken when comparing monthly or cumulative data across years and to full-year estimates, as revenues and expenses vary from month to month.
Established as part of the Northern Economic Plan, the Fund will give small businesses and start-ups exclusively in the Playford, Port Adelaide Enfield and Salisbury council areas with the opportunity to apply for financial support through two dedicated Grant programs over three years.
A total of $4 million in Grants worth up to $20,000 each will be available to assist entrepreneurship and new business establishment in northern Adelaide.
A total of $6 million in Grants worth between $10,000 and $100,000 will support activities that grow small, established businesses in northern Adelaide.
Applications for both Grant programs are now open.
The recent release of supplementary data on international trade in services by the Australian Bureau of Statistics (ABS) has allowed DFAT to update its rankings of Australia’s leading trading partners and top 25 exports and imports. So, what do these numbers tell us about Australia’s export performance in 2015?
As Australia transitions from the end of the greatest mining boom in the country’s history, figures just released by the Australian Bureau of Statistics (ABS) show that Australia’s stock of Inward Foreign Direct Investment (FDI) continues to grow although net inflows have declined, primarily because of a fall in the value of mining sector investment.
LONDON – 26 May, 2016 – The Internet of Things (IoT) for Industries is transforming both the consumer and the business landscape, offering tremendous opportunities for agile suppliers. However, businesses founded on connectivity across devices, geographies, applications and services require diversity in business models. Each industry and company will need a customized approach to connectivity based on its unique requirement. As a result, the existing “massive IoT” approach of having a common monolithic connectivity solution must be relooked to accommodate the diverse possibilities of connectivity requirements in the future. In this regard, a de-centralized and self-organising device network is a more economical, reliable, and scalable approach towards connectivity.
The City of Sydney is supporting a new aged care facility that will help break the cycle of older residents experiencing homelessness.
A $1.5 million grant has been awarded to not-for-profit group HammondCare to assist in the construction of a facility offering affordable aged care for the inner-city homeless population.
Located in Darlinghurst, the residential aged care home will house up to 50 people who are homeless or at risk of homelessness.
Providing long-term, specialist high-level care for people with complex needs, the five-storey facility will help residents regain independence and find stability in their lives.
One of South Australia’s most successful businesses is relocating its headquarters to Tonsley in a major boost for Australia’s first innovation district.
SAGE Automation, which specialises in industrial automation and control systems, will move to the award-winning Main Assembly Building at Tonsley. The company will be located on the western side of the building in an area spanning approximately 3100 square metres – making it one of the building’s largest tenants.
SAGE Automation's focus on innovative industrial automation, best practice LEAN manufacturing and technology driven training aligns with the State’s vision for Tonsley as an operating environment that facilitates high value industry, collaboration, and economic development.
Two Arrium suppliers have accessed the State Government’s new interest-free Whyalla Small Business Loan Scheme in order to address cash flow issues associated with the Arrium Administration.
Treasurer Tom Koutsantonis has approved the application for a $165,000 loan to DSE Civil Pty Ltd, a Whyalla-based specialist concrete supplier.
Mr Koutsantonis has also approved a loan of $90,000 for Delmac Power Equipment, which supplies a range of industrial equipment, such as engines, generators and pumps. He contacted both businesses today to notify them of the success of their applications.
There are an additional 14 businesses who are having applications for loans considered.
PwC Australia has recruited former CEO and Managing Director of David Jones Limited, Paul Zahra as Global Retail Advisor to add fuel to its growing retail and consumer practice.
Speaking about the appointment, PwC Australia's Retail and Consumer Practice Leader, Chris Paxton, said: "We're absolutely delighted to have Paul joining the team. Our Australian practice has grown over 30 percent in the past year as we continue to support our clients to transform as a result of continued disruption, rapid acceleration of digital technology and changing customer expectations.
Australia’s science agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), has developed the technology behind the world’s largest telescope, currently being constructed in Guizhou Province, south-west China, and due for completion in September.
The half-a-kilometre-wide Five Hundred Metre Aperture Spherical Telescope (FAST) is much larger than the current largest single-dish telescope at the Arecibo Observatory in Puerto Rico.
Rounding out our recent series of posts on Australia’s inward foreign direct investment (FDI), this post looks at how the FDI stock has changed over the past decade.
An after-school and vacation care program for disadvantaged kids, a free village-to-village shuttle service and an anti-bullying campaign are some of the many recipients of the City of Sydney’s latest grants.
The City has awarded almost $1.5 million in cash and in-kind support to more than 50 local projects in the first of two community grant rounds for the 2016-17 financial year.
Lord Mayor Clover Moore said the grants were a practical way to support the many community groups that provide vital services in the city.
“This is about building a stronger, more resilient community. These grants are going to projects that will help build the social, cultural, environmental and economic life of our city,” the Lord Mayor said.
Australia’s development as a leader in Fintech innovation will require concerted effort from government agencies and established financial institutions and will involve partnerships and research collaboration between banks and startups.
KPMG Australia is calling for a comprehensive trial of road user charging models across the country. In a paper issued today, Unblocking traffic congestion, the firm estimates that the country’s existing toll roads create an annual $7 billion of economic, social and environmental value per annum.
Australian businesses are bucking global trends when it comes to human capital, according to a new Deloitte survey report, Global Human Capital Trends 2016: The new organisation. Different by design.
NB. This one is mainly for those interested in delving into statistical definitions and the construction of the direct investment series. Other readers might want to give it a miss.
One of the key features of the FDI numbers I referenced in my first post on the latest Australian Bureau of Statistics (ABS) data was the sharp decline in inflows that has taken place over the past two years, largely driven by a drop in the level of direct investment into the mining sector:
Today’s independent Pre-Election Economic and Fiscal Outlook 2016 (link is external) (PEFO) confirms the integrity of the Budget delivered on May 3 and that the Turnbull Government is on track to bring the Budget back into balance as projected.
The PEFO shows the Secretaries of the Treasury and the Department of Finance have attested that the credible and conservative assumptions and economic forecasts underpinning the 2016-17 Budget are official estimates which were adopted in full by the Government.
This week’s readings include an example of the technology industry’s efforts to increase uptake, and an overview of China as a global investor.
Chile and South Australia have renewed the mineral resources partnership between the two mining jurisdictions, with the re-signing of a Memorandum of Understanding for a further five years.
The MoU has been strengthened by widening the exchange of information to include regulatory practices in the two jurisdictions. Previously, the exchange of information was more focused on geology and exploration technology, with a focus on copper mining.
The partnership enables Chile to benefit from South Australia's expertise in mineral exploration deep below cover, while South Australia hopes to encourage investment from Chilean companies in the local mining sector.