The Wage Price Index (WPI) rose 1.3 per cent in September quarter 2023, and 4.0 per cent for the year, according to seasonally adjusted data released today by the Australian Bureau of Statistics (ABS). This is the highest quarterly growth in the 26-year history of
Inefficient government regulation, or red tape, has impacted 70% of Queensland business’ growth while the median business cost of complying with regulation has doubled to $50,000 in the last two years, new Business Chamber Queensland data shows. Out today, Business Chamber Queensland’s 2023 Efficient Regulation
The rising costs of doing business in Australia are putting a strain on small to medium businesses (SMBs). According to the Australian Chamber of Commerce and Industry, the Business Cost Index (BCI) rose by 9.1% in the year to June 2023. This is faster than
With e-commerce and online shopping adoption on the rise, the sector is becoming increasingly competitive. According to Mal Siriwardhane, founder and CEO of B dynamic Logistics, while online retailers enjoyed a period of incredible growth and extraordinary sales during the pandemic, changes to the economy
For businesses of all sizes, every spending decision holds potential; it’s an investment opportunity that, if managed correctly, can propel the company forward. The flip side is that it can also present a risk, especially if the business doesn’t have a system in place to
Bazaarvoice, Inc., the leading provider of full-funnel authentic user-generated content (UGC) solutions, today released its annual Shopper Experience Index, including interviews with over 1,000 Australian consumers. The results revealed that shoppers are curbing their spending and becoming more cautious with their purchases in the current
Retailers are pushing hard to get a slice of Australia’s burgeoning Facebook Marketplace and Gumtree market as consumers look to secondhand items not just to save money but to also express their individualism. Lyndall Spooner, founder and CEO of Australian strategic research and consulting agency,
A quick ‘tap and go’ has made it very easy to make a payment for something we need. We’re not restricted to having the right amount of cash in our pocket or wallet and paying by cheque is now so rare and ancient that it
Inflation in Australia moderated to 5.4% in the September quarter, down from 6% in the previous quarter. This is good news for small business owners, who have been facing rising costs for inputs and supplies. However, the Treasurer has warned that inflation is likely to
Support for exporters, energy saving, staff training and relocation. Here are some more financial supports that many NSW businesses are eligible for right now. Regional Skills Relocation Grant NSW This program helps regional NSW businesses in identified industries attract skilled and specialised employees from NSW
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