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Coronavirus News

Chief economist update: Victoria's victory

BENJAMIN ONG  |  TUESDAY, 27 OCT 2020
The state's reopening will unleash Victorian households' pent-up demand and revive consumer spending that, in turn, lifts business revenues, profits and employment. This virtuous Victorian circle would have positive flow-on effects on the whole entire ...

Ask and you shall receive

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
The latest APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds.

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
The latest results from the monthly Markit Economics PMI draws a picture of the three shapes of the economic recovery or otherwise.

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
In response to another wave, the UK has implemented another plan to support businesses and workers - the third plan in just months.

Industry fund updates investment fees

ELIZA BAVIN  |  THURSDAY, 22 OCT 2020
An industry super fund has bumped up its fees on some investment options due to the effects of COVID-19 market volatility.

Chief economist update: Good or bad news is good Wall Street news

BENJAMIN ONG  |  THURSDAY, 22 OCT 2020
So why is Wall Street jumping up and down and going round and round on news of progress or otherwise on stimulus talks? More to the point, why the need for more stimulus when the economy - as recent indications show - is on its way to a virtuous circle ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards.

Future Fund posts modest growth

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
Australia's sovereign wealth fund grew 1.1% in the September quarter to $163 billion, but is down 1.8% year on year due to the impact of COVID-19 in the March quarter.

Chief economist update: Japan's second wave

BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2020
Japan's new prime minister was off to a relatively good start when assuming office, but now with a 28% contraction in GDP, he's got his work cut out for him.

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
China's cruel to be kind policy is continuing to pay dividends, with its GDP expanding 4.9% in the 12 months to the September quarter.