Author Archives: dodasam

BOJ Kuroda warns climate change among biggest challenges facing global economy

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday climate change is among the biggest challenges facing the global economy, joining a growing debate about how policymakers should address the growth risks posed by global warming. Kuroda, former head of the Asian Development Bank, said some regions in Asia are particularly vulnerable to the economic consequences of ...

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Tweaking tax system will secure economy amid harsh conditions

One of the guiding principles of the Coalition is that people should keep more of what they earn. After all, governments, as Sir Robert Menzies would say, do not have any money of their own: it›s the people›s money. This is why the Coalition has significantly cut taxes for households and businesses: more than $300 billion in the last two ...

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IMF chief says world economy faces long ascent from Covid crisis

The head of the International Monetary Fund has said the recovery in the global economy since the spring is fragile and warned Rishi Sunak and his fellow policymakers against an over-hasty withdrawal of support. In a speech intended as a curtain-raiser for next week’s annual meeting of the Washington-based organisation, Kristalina Georgieva said the unprecedented action taken by central banks ...

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Grim forecast about when you can travel overseas

Aussies are not expected to be able to travel overseas until late 2021, the Treasurer has confirmed after handing down the Federal Budget. Speaking to the National Press Club on Wednesday, Josh Frydenberg said international borders would likely remain “largely closed off until late next year”. The Treasurer said the Budget assumed domestic borders would reopen by December, but international ...

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Singapore international borders: Australians allowed from October 8, but Victorians still banned

Singapore will open its borders to Australians from next week, but will continue to exclude Victorians from entering the country. The Civil Aviation Authority of Singapore (CAAS) released a statement on Wednesday saying that, from midday on Thursday (2pm AEST), October 1, Australian citizens could apply for an Air Travel Pass for entry to the country on or after October ...

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New Zealanders will soon be able to travel to Australia under a one-way travel bubble

The announcement by Prime Minister Scott Morrison comes as the Australian government discusses the possibility of a travel bubble with Singapore. New Zealand residents will soon be able to holiday in Australia as part of a one-way travel bubble the government hopes will provide a much-needed boost to the struggling tourism sector. South Australia and New South Wales will be ...

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FEATURE: WHICH TOWNS WIN WITH AUSTRALIA’S BORDER SHUT?

In this cross-posting from The Conversation, Monash University’s Isaac Gross discusses which towns could benefit from an increase in domestic tourism caused by the closure of Australia’s borders. Christmas promises the gift of open travel within Australia, and possibly to New Zealand and even other Pacific Island nations. But it seems increasingly likely international borders will remain largely closed until ...

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