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Showing 391 - 400 of 732 results for "coronavirus"

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... country's state of emergency over. We salute you our Japanese brothers and sisters, for Japan has flattened its coronavirus curve despite the government not having constitutional powers to impose draconian compulsory lockdown measures enacted in ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Over $10 billion has been withdrawn under the government's Early Release of Super scheme, with 70% paid out by just 10 funds. Over the period from April 20 to May 17, payments that have been made to eligible members have taken an average of 3.3 ...

Blame put on businesses for JobKeeper error

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... estimated that around 6.5 million employees would access the program." "This estimate was developed at a time when Coronavirus cases were growing significantly in Australia and restrictions were being tightened across Australia and much of the world." ...

Balanced funds fundamentally flawed

ALLY SELBY  |  MONDAY, 25 MAY 2020
A Melbourne-based investment manager has blasted balanced options in superannuation funds, arguing that despite their "diversification" they fail to perform in market downturns. Many traditionally balanced funds hold anywhere between 60% to 80% exposure ...

Chief economist update: Hong Kong is ours

BENJAMIN ONG  |  MONDAY, 25 MAY 2020
... but it also halted the series of ongoing protests in Hong Kong that began in June last year. With the spread of the coronavirus under control, and economic indicators - industrial production increased by 3.9% in the year to April after dropping by 13.5% ...

Switching prompts fund to alter allocations

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Qantas Super has altered asset allocations across all its investment options in response to COVID-19, market volatility and a high number of members switching options. The $8.5 billion corporate superannuation fund said that the changes would improve ...

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... export. Next stop iron ore, Australia's top export... and then tourism... and then education... and then... The coronavirus made me do it. Australia is justified in calling for an inquiry into the origins of the pandemic - so as to learn and guard ...

Small caps soar amid accelerated revolution

ALLY SELBY  |  THURSDAY, 21 MAY 2020
Although the last two months have been marked by increased volatility and disruption, small caps have largely outperformed. During March, small caps performed broadly in line with their larger counterparts, with the ASX Small Ordinaries Index dropping ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
The Australian Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility ...