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Chief economist update: Inflation lifted by smokers with young children and homebuilders
BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... December quarter were domestic holiday travel (+6.3%), with state and territory borders re-opening in the lead up to the Christmas period, and medical and hospital services (+2.5%), after private health premiums increased on October 1 following a six-month ...
MLC Life appoints transformation lead
JAMIE WILLIAMSON  |  THURSDAY, 28 JAN 2021
... on the role of chief executive at Integrity Life . He will be replaced by QSuper's Michael Rogers . Just before Christmas the insurer received a $650 million capital injection , including $530 million in ordinary equity and $120 million in subordinated ...
Super concerns over legislation: Schroders
ANNABELLE DICKSON  |  FRIDAY, 22 JAN 2021
... "The industry has engaged Treasury on the details of the performance benchmarking and the consultation ended before Christmas so some tweaks might come in," he said. "But the vast bulk of them are still assessing this and most of them are treating it ...
MLC Life Insurance raises $650 million
KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
The insurer received a $650 million capital injection just before Christmas, as its majority owner Nippon Life sees the risk of MLC Life's "stagnant" business performance continuing beyond 2021. The raise includes $530 million in ordinary equity, priced ...
Jail time for tax adviser
ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... tax adviser to seven and a half months in prison and fined him $640,000. Brisbane-based Kent Scott Hacker will spend Christmas behind bars after receiving the seven and a half months sentence. He, and his related companies, were also fined over $640,000 ...
Chief economist update: ECB expands PEPP
BENJAMIN ONG  |  FRIDAY, 11 DEC 2020
The European Central Bank (ECB) didn't disappoint financial markets expecting more goodies in their Christmas stockings. While it kept the price of credit unchanged - repo rate at 0%, marginal lending rate at 0.25% and deposit facility rate at -0.5% ...
Investec to close Aussie business
KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
... Whelan said: "We understand 2020 has been a difficult year for us all, globally, and making this announcement ahead of Christmas is hard on people. However, once the decision was made, we felt a responsibility to be as transparent as possible and provide ...
Chief economist update: China turns crisis into opportunity
BENJAMIN ONG  |  TUESDAY, 8 DEC 2020
... personal protective equipment (PPE) and masks and working from home electronic products - as well as increased seasonal Christmas demand - sent Chinese exports soaring by 21.1% in the year to November - the fastest rate of growth since February 2018 ...
Chief economist update: China keeps on going and going
BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
... supports both our countries and it is good for the interests of both countries to constructively engage." "And so happy Christmas (war is over) For black and for white For yellow and red one Let's stop all the fight. A very Merry Christmas And a ...
Chief economist update: Dow 30 thousand
BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
... discovery of not one, not two, but three vaccines against covid-19 and Houston, our problems are nearly over. "So this is Christmas And what have you done? Another year over..." A new year begins.
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