SOUTHPORT RANKS AS OUR TOP SPOT FOR GIVING

SOUTHPORT RANKS AS OUR TOP SPOT FOR GIVING

QUEENSLANDERS may not earn big bucks like their big-city counterparts in the south, but they are among the most generous Australians, according to new research. And the Gold Coast's commercial heart of Southport has proved to be the most giving suburb in the country's most giving state. Direct marketing group Global Interactiv...

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NEW ALGORITHM BOOST FOR MICRO-LENDING

NEW ALGORITHM BOOST FOR MICRO-LENDING

PAYDAY loans up to $2000 are traditionally slapped with large fixed interest rates, high costs and exorbitant late fees, however new financial technology developed by a Sydney-based company may have the potential to alter this system for good. Due to a newly developed reference-checking algorithm which more efficiently mines large sets of...

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DON'T BANK ON A RECESSION JUST YET, SAYS FORECASTER

DON'T BANK ON A RECESSION JUST YET, SAYS FORECASTER

THE Australian economy may have hit reverse gear in the June quarter, according to BIS Shrapnel, although don't bank on a recession just yet. Despite an overall upbeat view that the housing boom still has 18 months to run and that the end of the decade will bring better times, the economic forecaster has warned of a tough three years ...

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VICTORIAN RETAILERS BRACE FOR PENALTY RATE STRAIN

VICTORIAN RETAILERS BRACE FOR PENALTY RATE STRAIN

SMALL business owners in Victoria are preparing to feel the penalty rate pinch, after the government approved two extra public holidays for the state. The introduction of Grand Final Friday and Easter Sunday pushes Victoria's public holiday tally to 13 the most of any state. Australian Retailers Association (ARA) executive directo...

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ACQUISITIONS POWER UP ENERGY DEVELOPMENTS PROFIT

ACQUISITIONS POWER UP ENERGY DEVELOPMENTS PROFIT

ENERGY Developments' (ASX: ENE) bottom-line profit surged 26 per cent last financial year, buoyed by acquisitions and a weaker Aussie dollar. The Brisbane-based power company delivered a net profit of $57 million in FY15, up from $45.4 million a year earlier. EBITDA rose 20 per cent, or $36 million, to $218.2 million, while total ...

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