By: Josh Dye and Mary Ward NSW Premier Gladys Berejiklian has announced a major easing of restrictions ahead of the summer holidays, including allowing people to drink while standing up outdoors in pubs. From Monday the one person per two-square-metres rule will prevail at all indoor venues including for hospitality, retail and places of worship. The one person per four-square-metres will still apply ...

By: Sharon Masige It’s getting closer to the silly season and as shoppers get stuck in to Christmas shopping, they’re being warned to keep an eye out for online scams. The Australian Competition and Consumer Commission (ACCC) revealed the amount of money lost through online shopping scams has spiked 42% this year. More than 12,000 online shopping scams were reported to ...

By: Yoni Bashan   Every adult in NSW will receive $100 in vouchers to use on dining, entertainment and recreation in a bid to stimulate the hospitality and cultural sectors still suffering from the impacts of the COVID-19 pandemic.   The scheme, costing $500m, will involve four digital vouchers worth $25 each, two of which will be redeemable at restaurants, ...

By: Sahar Mourad   Australia has long been a leader within the economic sector, but one organisation is working to further strengthen the country’s ties with the rest of the world.   The Australian Business Summit Council Inc. is a not-for-profit organisation that works to support Australian businesses both nationally and internationally.   Founding President Dr Frank Alafaci and Secretary ...

The Australian Business Summit Council Inc. hosted its second Media Conference and annual luncheon at The Waterview in Bicentennial Park, Homebush on 9 November 2020 to promote the imminent publication of the second issue of EKONOMOS, the official ABSC Inc. business affairs magazine in late November this year. More than thirty VIPs and guests enjoyed the five-star venue’s sumptuous food ...

By: Aleks Vickovich While Australia’s national net debt has blown out by 40 per cent to $703 billion thanks largely to the pandemic, it seems regular folks around the country have taken a more prudent approach, reducing their collective credit card bill by more than $7 billion over the same period. According to the latest data from the Reserve Bank of Australia, ...

House prices across Australia have risen overall for the first time since the start of COVID-19. Monthly data from CoreLogic shows that, as a collective average, the housing market experienced a 0.4 per cent rise in October. It follows month-on-month average declines since the pandemic started shaking the nation’s economy. “The numbers out today are quite remarkable,” CoreLogic head of ...

By: Lucy Macken One of the most expensive residences on the Point Piper waterfront, known as Edgewater, has been sold for an eye-watering $95 million. The incredible  five-storey property called Edgewater features a private jetty, tennis court, and huge terraces on each level overlooking Sydney Harbour. The deal is set to rank as the second highest residential sale nationwide when ...

By: Tom Rabe Unions have condemned a move by the NSW government to cut the public sector wage cap to 1.5 per cent but have ruled out industrial action during the coronavirus pandemic. In order to save billions of dollars following due to the COVID-19 economic crisis, the state cabinet agreed on Monday night to reduce the cap for public ...

By: Rachel Clayton and Rachel Pupazzoni The Reserve Bank cut interest rates to a record low of 0.1 per cent on Tuesday. The cut to 0.1 per cent is down from the previous record low of 0.25 per cent, which was announced earlier this year. Alongside the drop in the official cash rate, the RBA lowered its three-year bond rate target to 0.1 ...