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Chief economist update: The cloud over the rainbow
BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... authorities, easing cases of infections and deaths, and as nation's around the world begin jabbing their citizens with the coronavirus vaccines (roll 'em, roll 'em, roll 'em). It's "the rainbow" you've "been prayin' for". However, given the bond markets' ...
Chief economist update: Australia's virtuous cycle
BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
Even before the coronavirus vaccine was injected before Australian Prime Minister Scott Morrison's arm a day before the national roll-out on the 22nd of February this year, this 'Land Down Under' has already been returning to pre-covid normality. ...
Chief economist update: The vaccine has landed
BENJAMIN ONG  |  MONDAY, 22 FEB 2021
... aged-care resident Jane Malysiak, received their gift of jab a day earlier). Two days short of 13 months when the coronavirus first reached Australian shores (25 January 2020), the vaccine has landed. With the exception of anti-vaxxers and conspiracy ...
Limited advice overdue for disruption
KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... wealthy, an emerging field of unadvised clients falls by the wayside. Many in the latter surfaced at the thick of the coronavirus pandemic. General manager of Link Advice at Link Group Duncan McPherson saw a spike in the number of super fund members ...
Continuous disclosure laws to stay
KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...
Amber alert
BENJAMIN ONG  |  WEDNESDAY, 17 FEB 2021
If there's one thing that matches (well, nearly) the exponential rate of infection from the coronavirus, it's the vertigo-inducing rally on Wall Street. After dropping to three-year lows in March last year, US equities have rocketed higher and higher ...
Chief economist update: Red metal turning red hot
BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
The latest GDP growth updates show that the world's major economies remain in contraction (in year-on-year terms) at the end of 2020 and despite the roll-out of vaccines, the COVID-19 pandemic (and now its variants) remain with us, triggering stop-and-go ...
To keep or not to keep JobKeeper
BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... 90,000 in November, it remains a great feat when placed in the context of the resurgence in domestic and overseas coronavirus infections over the month and the Morrison government's scaling back of its JobKeeper subsidy payments three months earlier. ...
Financial sector has deep pockets for philanthropy: Report
KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... philanthropic report finds that ASX-listed financial firms were among the largest donors that gave generously to the coronavirus and bushfire appeals. An analysis by Strive Philanthropy found the largest ASX-listed companies pledged $1.1 billion to philanthropic ...
Chief economist update: Light at the end of the Euro tunnel
BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
... a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into recession in the first half ...
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