The mid-year budget update released on Tuesday — known as MYEFO — largely tells close observers what they knew already. The Commonwealth budget doesn’t add up. Revenues don’t cover outgoings. The numbers…
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Federal Treasurer Joe Hockey’s first budget update has revealed a massive blowout to the bottom line and a warning of a decade of deficits ahead. The government’s Mid-Year Economic and Fiscal Outlook (MYEFO…
The Government’s push to reform competition laws will continue next year with a review focusing on the key groceries, utilities and automotive fuel sectors. These are the sectors that most regularly affect…
Consumer Sentiment fell by 4.8% in December, but despite the drop other indicators still point toward a robust Christmas period for retailers. Retail trade recorded its strongest result for three consecutive…
Media reports preceding the mid year economic and fiscal outlook suggest we should expect a deficit of just under A$50 billion, a further deterioration of Australia’s budget position since the pre-election…
Now that Ford and Holden have announced the 2017 closure of their Australian manufacturing and assembly operations, what are the prospects for the industry and its key remaining participant, Toyota? Unlike…
The Abbott Coalition government, like the incoming Labor government before it, has marked the beginning of its term with a raft of reviews, including the wide ranging National Commission of Audit. Given…
ARN’s poaching of Kyle Sandilands and Jackie Henderson (known an Jackie O) to host the breakfast show in their soon to be rebranded Sydney station is an audacious move. It will involve rebuilding the station’s…
The images of Holden workers walking away from the plant this week following its closure announcement were the latest reminder the “job for life” era is over. As Peter Capelli wrote in 1999, the goal for…
As Bitcoin’s backers push for it to become acceptable mainstream currency, its value has become increasingly tied to attempts to break the public image that it’s just a currency for cyber criminals. It’s…
For many decades, Australians have regarded a local car industry as a demonstration of our domestic capability. Sometimes, we have paid dearly for our enthusiasm. In the late 1970s, import quotas limited…
Just before leaving for Singapore on December 6 for the latest Trans Pacific Partnership meeting, I wrote about some of the major concerns surrounding the secretive agreement. This is an update on developments…
With unwavering confidence Communications Minister Malcolm Turnbull unveiled the consultants report showing Labor’s ambitious plan to provide fibre–to-the-premises (FTTP) broadband to the vast majority…
An unfortunate consequence of Holden and Ford’s decision to cease manufacturing cars in Australia is the negative impression that all local manufacturing is similarly doomed. Yet there are plenty of local…
The Australian dollar was floated this day in 1983. By 1985, it seemed to take on water, list badly, and sink. And that actually was the idea. The real exchange rate – roughly, the dollar rate, adjusted…
General Motors has confirmed it will cease manufacturing in Australia from 2017, citing a “perfect storm of negative influences”. GM chairman Dan Akerson said these forces include “the sustained strength…
“Building cars in Australia is just not sustainable.” That was GM Holden managing director Mike Devereux, announcing the closure of Holden. Ominous words for Toyota as well. Toyota responded that Holden’s…
General Motors Holden has confirmed speculation it will withdraw from car production in Australia by the end of 2017. The announcement by Holden comes after days of sustained public speculation and calls…
The current stoush between the ABC and the government sees two competing perspectives on the role of public service media in play. The Coalition, on the one hand, regards the ABC as duty bound to serve…
Australia is about to have a debate on the role of government in business. That debate is going to be spread over several issues – Qantas’ junk bond status, Holden’s Australian manufacturing decision…
In the wake of the global financial crisis, Holden’s parent company, General Motors was placed on life support. Its fortunes collapsed along with the US economy, leading the United States government to…
This week has seen the launch of two significant reports, the International IR Framework and KPMG’s Survey of Corporate Responsibility Reporting 2013. The Framework marks a paradigm shift in “corporate…
A bank charges customers A$35 every time customers fail to make the monthly payment on their credit card by the due date. An airline charges $10 or more for printing boarding passes if passengers forget…
Blogs are thriving in New Zealand thanks to threats to media freedom, an increasingly commercialised media environment, and shifts in media ownership. The financial ownership of the major media companies…
The WTO Multilateral Trade Negotiations in Bali almost failed. By negotiating for one day beyond the scheduled conference time, 159 exhausted nations finally concluded an agreement. What’s at stake are…