Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1291 - 1300 of 1758 results for "Covid"

Chief economist update: What to expect when you're expecting

BENJAMIN ONG  |  TUESDAY, 2 JUN 2020
... moderated earlier expectations for a sharp contraction in the domestic economy. The earlier than expected flattening of the Covid-19 curve and the consequent gradual lifting of social interaction restrictions and lockdown measures are starting to have ...

Impact offers opportunity during crisis: Report

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
As COVID-19 exposes entrenched problems in society, the ability to scale social impact investments in Australia holds significant promise to drive progress towards solutions, a new report reveals. UTS associate professor Danielle Logue and Dr Gillian ...

No slowdown in sight for ERS applications

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
Despite COVID-19 restrictions easing across the country, applications for the Early Release of Super scheme have shown no sign of slowing, according to APRA's weekly data. Over the week to May 24, superannuation funds made payments to 220,000 members ...

Super withdrawals being misused

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... research has revealed 40% of those who accessed their superannuation early did not see any drop in their income during the COVID-19 pandemic. The data released by Illion and AlphaBeta, part of Accenture, shows that early superannuation withdrawal has ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... to continue meeting redemptions. Vasco had to send to follow up emails to get a response. On March 25, Mawhinney blamed COVID-19 for inflows stalling but said that he expected an equity release from Mayfair's Mission Beach properties and more inflows ...

Recruitment lifts as economy reopens

ALLY SELBY  |  MONDAY, 1 JUN 2020
Job ad volumes in banking and finance are up 17% since their COVID-19 lows, with sentiment improving as the Australian economy gradually reopens. That's according to recruitment firm Kaizen Recruitment, who said there has been a backlog of roles ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... $34.8 billion to $22.5 billion. As a result, the net profits after tax were down 340%. Zooming into the March quarter as COVID-19 rattled markets, investment revenue fell nearly 800% to -$10.4 billion, slicing the quarter's total revenue by 210%. "The ...

Westpac hunts new insto bank chief

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... tirelessly to meet the needs of the bank's government, corporate and institutional customers, most particularly during the COVID-19 pandemic." Cobley said that after a 20-year career she thought now was the time to retire. "I have thoroughly enjoyed ...

Red tape to slow recovery: Lowe

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
... warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been extraordinary and there has been an unprecedented policy response. "On the economic ...

ERS emerges as tax loophole for expats

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... seen an increase in expats withdrawing their super for this reason. "No one has been completely immune to the impacts of COVID-19, with job losses and hours wound back by employers," he said. "People, who aren't looking to touch their super due to the ...