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| | | Social distancing will impact all real estate sectors, including local and global REITs, according to global real estate manager Principal Global Investors. It comes a day after Prime Minister Scott Morrison announced a rent relief package for commercial ... |
| | | | The extraordinary COVID-19 stimulus package is in front of Parliament today, with what is expected to be a trillion dollar debt being scrutinised by politicians. Parliament met today to discuss the government's $130 billion JobKeeper payment, which ... |
| | | | ... Economic stats and surveys at the same time that the RBA Board met show the extent of the challenges Australia face. The ANZ job ads index dropped by 10.3% in the month of March (following a 1.2% gain in Feb) - the fastest rate of decline since January ... |
| | | | The Australian government has made public the modelling that is informing its COVID-19 response, revealing why the JobKeeper payment works off a six month timeframe. Asked at a press conference how the modelling was helping with the economic response ... |
| | | | ... services and financial technology, Senator Jane Hume, welcomed the announcement. "Our frontline workers are doing an amazing job in this crisis, and it's vital that we're ensuring their work won't adversely affect their life insurance cover," Hume said. ... |
| | | | ... has launched the FairGo initiative, which sees the fund slash fees for the rest of the year for members who have lost their job at the hands of the pandemic. The initiative will cut the the costs payable across administration, investment management and ... |
| | | | ... worried about their health, they're worried about their financial position," Marshan said. "Telling someone who has lost their job to take $10,000 out of super to put food on the table and pay their mortgage might be a no brainer but we're in a regulatory ... |
| | | | ... will be the deepest recession on record, nearly five times more severe than the post-war average," she said. She predicts job losses will continue to skyrocket, totalling between 16-20 million in the next two months. "The pain is unlikely to subside ... |
| | | | ... the nation's economy on the other side of the crisis. "Most importantly, past experience tells us that those who don't get a job back in the first two years after they lose their job in a recession rarely work ever again in the rest of their lives - ... |
| | | | While there may be uncertainty surrounding the economic implications of the spreading COVID-19 pandemic, one thing is clear; if business leaders are not consistent, empathetic and clear with their response, they should prepare to face the music. Although ... |
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