Business News

Yes, Australian businesses have become less dynamic. But there are bigger reasons for our sliding productivity growth

Written by Stephen King, Professor, Monash University

Since 2005, annual labour productivity growth (growth in output per hour worked) has been the best part of one percentage point below its long-term average in Australia and other developed countries.

The Productivity Inquiry that I helped conduct for the Productivity Commission found this will lead to much-slower improvements in Australians’...

What the RBA wants Australians to do next to fight inflation – or risk more rate hikes
When the Reserve Bank of Australia (RBA) board voted unanimously to lift the cash rate to 3.85% on Tuesday, the decision was …
Why cheaper power alone isn’t enough to end energy poverty in summer
Declan Young/UnsplashAustralia is an energy superpower. We have abundant natural resources, high average incomes and one of t…
RBA raises interest rates as inflation pressures remain high
The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points to 3.85%, adding to pressure on households an…
New research shows Australians support buying local for different reasons – and not all will pay more
We have now passed the annual Australia Day peak of calls urging us to “buy Australian” – especially lamb. …
NZ’s $2.5 billion shoddy building bill: how to fix the ‘build now, fix later’ culture
Getty ImagesNew Zealand’s residential construction industry contributes roughly NZ$26 billion annually to the economy a…
ASIC flags $40 million in refunds after review of risky financial products
Australia’s corporate regulator has secured refunds of A$40 million to more than 38,000 investors in risky financial pr…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property
In the dynamic world of real estate, commercial properties hold a pivotal position. They represent not only a significant financial asset but also a crucial business investment. When contemplating the…

Australian journalism needs more than better protection, it needs better standards
Australia may be leading the world in measures to protect public interest journalism from the threats arising from media restructuring and news aggregators such as Google and Facebook, but it…
Tecala Achieves Climate Active Carbon Neutral Standard for Organisations
Leading technology service provider Tecala Group today announced that it has achieved the Climate Active Carbon Neutral Standard for Organisations and is now certified as carbon neutral for its Australian…
Why It's Smart to Get CoolSculpting Before the Warmer Months
Summer is almost approaching, which means it's time to start considering swimsuit season, despite the fact that the days are still milder in some parts of the country, and the…

Payroll Under Pressure: Why Mid-Sized SMEs Struggle to Keep Pay Accurate

A year after wage theft reforms came into effect, Australian businesses have increased their focus on payroll compliance, but confidence in pay accu...

Refunds to Revenue: AI and loyalty perks help retailers in post-holiday hangover

Australian retailers are turning to artificial intelligence to simplify and automate returns and exchanges, while strengthening loyalty programs a...

Stop reading from the script: Why authenticity is the customer success secret weapon

I’ve been in customer service for years now. As my team has grown, the number one piece of advice I give is to be your...

From Check-in to Touchdown: How AI and smarter systems are transforming the travel industry

Richard Valente, VP of Customer Experience Strategy at TP in Australia, explores how IT-BPM outsourcing is revolutionising the travel sector throu...

Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

Online shoppers with HealthPost’s Flora & Fauna have made 11,000 contributions towards climate and biodiversity projects when ordering parcel ...

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

Aussie SMEs warn RBA not to ignore global trends, with the current sledgehammer approach threatening business viability and increasing inflation ...

Yes, Australian businesses have become less dynamic. But there are bigger reasons for our sliding productivity growth

What the RBA wants Australians to do next to fight inflation – or risk more rate hikes

Why cheaper power alone isn’t enough to end energy poverty in summer

RBA raises interest rates as inflation pressures remain high

New research shows Australians support buying local for different reasons – and not all will pay more

NZ’s $2.5 billion shoddy building bill: how to fix the ‘build now, fix later’ culture

ASIC flags $40 million in refunds after review of risky financial products

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

Australian journalism needs more than better protection, it needs better standards

Tecala Achieves Climate Active Carbon Neutral Standard for Organisations

Why It's Smart to Get CoolSculpting Before the Warmer Months

Payroll Under Pressure: Why Mid-Sized SMEs Struggle to Keep Pay Accurate

Refunds to Revenue: AI and loyalty perks help retailers in post-holiday hangover

Stop reading from the script: Why authenticity is the customer success secret weapon

From Check-in to Touchdown: How AI and smarter systems are transforming the travel industry

Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

How Contiki is Redefining Travel for Young Adventurers

Navigating the Cosmetic Advertising Crackdown Before September Guidelines Hit

Defining Actionable AI for Australian IT Efficiency and Security