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Frydenberg bets on infrastructure for recovery

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... will lead to more jobs and a swifter economic recovery, taking the total pipeline from $100 billion to $110 billion over the next decade. "In this Budget, we will expand our record 10-year infrastructure pipeline which is already supporting 100,000 jobs ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... economic modelling expects unemployment to peak at around 8% in the December quarter of this year, before falling over the next few years as the economy recovers. Without support like the JobKeeper program, the government forecasted that unemployment ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... that in Japan today." Laying out the Morrison government's economic recovery plan, Frydenberg said: "We owe it to the next generation to ensure a strong economy so that their lives are filled with the same opportunities and possibilities we have ...

Fund manager hires client experience lead

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... on the march over the last few years in Asia and Europe and it is an exciting time to join the firm to support it in its next phase of growth."

Fintechs receive JobMaker funding boost

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
... the initiatives are in addition to the government's $4.5 billion NBN investment to provide "ultra-fast broadband" over the next two years. "They also complement our actions to build digital skills and to improve trust and security in the digital economy ...

Insurers prepare for tragic COVID-19 fall-out

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... a result of COVID-19. As for managers, 55% said their organisations planned to implement mental health initiatives in the next year. Allianz found that preventing stigma of mental health issues and promoting good workplace culture were the most effective ...

Ratings deteriorate at AMP

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... improve efficiency, the near-term investment needs will mean that improvements to net profits are likely to be limited in the next two years," Moody's said. Leverage at the group, measure by its debt to EBITDA, is also high, Moody's warned. "This is ...

Tax concessions, infrastructure in focus for budget

ELIZA BAVIN  |  FRIDAY, 2 OCT 2020
The Prime Minister has given an indication of what will be revealed in next week's federal budget with a focus on tax cuts and increased infrastructure spending. Prime Minister Scott Morrison gave the insight during his National Press Club address ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
... attempt by Sargon's Chinese lender to freeze the assets of Phil Kingston, as the latter heads towards public questioning next month. China Insurance Finance Group Ltd commenced court proceedings on August 24, seeking repayment of a debt it says Kingston-related ...

Netwealth appoints international custodian

KANIKA SOOD  |  TUESDAY, 29 SEP 2020
... managing director Matt Heine said. Citi Australia said it is looking to add over 20 custody clients and employees in the next 12 months, as Royal Bank of Canada (RBC's) March client transfer agreement with Citi comes into effect. "Citi is particularly ...