QLD Government establishes $500m loan facility to support businesses

QLD Government establishes $500m loan facility to support businesses

A $500 million loan facility has been established by the Palaszczuk Government designed to support businesses in Queensland and keep staff in jobs. The loan facility will comprise loans of up to $250,000 with an initial 12-month interest free period for businesses to retain staff. The QLD government will also extend the coronavirus pa...

Read More...
Trump advises Americans to avoid gatherings of 10 or more

Trump advises Americans to avoid gatherings of 10 or more

US President Donald Trump has encouraged Americans to avoid gatherings of 10 or more people for the time being. "We've made the decision to further toughen the guidelines and blunt, the infection," said President Trump at a press conference on Monday. "We'd much rather be ahead of the curve than behind it, and t...

Read More...
Centuria expands into Brisbane with new office

Centuria expands into Brisbane with new office

As uncertainty from the coronavirus pervades the business climate Australia-wide, property company Centuria Capital (ASX:CNI) is sticking to its guns on expansion plans for the Queensland market. The company announced today it would be opening a centrally located Brisbane office in its own 348 Edward Street property, acquired in late...

Read More...
Racing NSW closes doors to events

Racing NSW closes doors to events

This Saturday's $3.5 million Golden Slipper horserace at Rosehill Gardens in Western Sydney will be run behind closed doors as Racing NSW places restrictions on public attendees. The horse racing authority has imposed a uniform response to all thoroughbred race meetings, barrier trials and trackwork in NSW, meaning any horse race in t...

Read More...
Farmers will pull out all stops to ensure fruit & veg is on shelves

Farmers will pull out all stops to ensure fruit & veg is on shelves

The Australian Fresh Produce Alliance (AFPA) explains its members are at the front line of delivering fruit and vegetables to the country's consumers despite the challenges posed by Covid-19. The alliance highlights "rigorous" systems are in place to guard against the spread of foodborne illnesses and viruses, and its m...

Read More...
WA commits $114 million to small business support

WA commits $114 million to small business support

Western Australia Premier Mark McGowan has announced a $607 million stimulus packaged to help small and medium businesses and households in the state. The Premier has committed $114 million to support small businesses including: A one-off grant of $17,500; Bringing forward the $1 million payroll tax threshold tax by six mont...

Read More...
ANZAC Day services cancelled in NSW, WA, VIC and TAS

ANZAC Day services cancelled in NSW, WA, VIC and TAS

ANZAC Day services in NSW, WA, VIC and TAS have been cancelled by each state's Returning Services League (RSL). All RSLs have made a statement saying the decision to cancel the services was based on securing the health of those that would choose to attend ANZAC Day dawn services on 25 April. "Given the significant concerns ar...

Read More...
Second stimulus package being considered

Second stimulus package being considered

The Federal Government is reportedly considering launching a second round of spending just days after announcing a $17.6 billion stimulus package to revive the economy. As reported by the Sydney Morning Herald Prime Minister Scott Morrison is conducting meetings with Treasurer Josh Frydenberg and Finance Minister Mathias Cormann to consid...

Read More...
Star Entertainment follows Crown Resorts' lead on Covid-19 containment

Star Entertainment follows Crown Resorts' lead on Covid-19 containment

Star Entertainment Group (ASX: SGR) is kicking off a series of measures for patrons at its casinos to keep their distance, taking a leaf out of Crown Resorts' (ASX: CWN) playbook. This afternoon the company announced the following social distancing measures, much in line with those already announced by Crown Resorts (ASX: CWN) th...

Read More...
Murray River Organics scores major supermarket deal

Murray River Organics scores major supermarket deal

Just over one month after launching a $25 million capital raise, dried fruit company Murray River Organics (ASX: MRG) has scored a major deal with an Australian supermarket. The company has secured two new contracts worth approximately $15 million over two years with an unnamed Australian supermarket retailer. MRG CEO Valentina T...

Read More...
"Born in the cloud" Megaport pre-ordered supplies in early stages of coronavirus

"Born in the cloud" Megaport pre-ordered supplies in early stages of coronavirus

Cloud technology company Megaport (ASX: MP1) pre-ordered around six months worth of critical supplies when Covid-19 was in its early stages in China this January, while Megaport founder and chairman Bevan Slattery says the company is in "great shape" with more than $100 million in cash. In a letter to shareholders toda...

Read More...
Australian tourism "effectively shut down"

Australian tourism "effectively shut down"

Covid-19 is just the latest in a series of disastrous circumstances for Australia's tourism sector and the Australian Tourism Export Council (ATEC) sees no end in sight. After three months of constant hits on the industry, beginning in January with the bushfires and now the global outbreak of Covid-19, ATEC managing director Peter She...

Read More...
Unisuper cuts short selling loans amidst market panic

Unisuper cuts short selling loans amidst market panic

One of Australia's largest superannuation funds has taken a precautionary approach to market volatility caused by the Covid-19 outbreak, suspending its stock lending program effective immediately. Unisuper, a $85 billion superannuation fund for the higher education and research sector, has instructed its custodian BNP Paribas Sec...

Read More...
NSW encourages off-peak travel to avoid Covid-19 transmission

NSW encourages off-peak travel to avoid Covid-19 transmission

NSW Minister for Transport Andrew Constance has set out a series of recommendations and measures to avoid the spread of Covid-19 on public transport, including a push for off-peak travel to avoid person-to-person transmission. "While staff have boosted maintenance and cleaning efforts on the network in response to COVID-19,...

Read More...
Global Health answers call for virtual GP sessions

Global Health answers call for virtual GP sessions

Melbourne-based Global Health (ASX: GLH) was already on a roll with strong revenue growth before the coronavirus outbreak, but now its software and videoconferencing platform for doctors is more relevant than ever. The company's practice management and medical software PrimaryClinic allows general practitioners (GPs) to remotely ...

Read More...
Byron Bay Bluesfest called off

Byron Bay Bluesfest called off

As was expected given the ban on events of 500 people or more, the Byron Bay Bluesfest has officially been cancelled for this year. Bluefest Group of Companies executive chairman Peter Noble OAM thanked everyone for their support, and said emails and posts received were "deeply appreciated". "It is obvious we will ...

Read More...
Hearing implants business Cochlear and oOh!media withdraw guidance

Hearing implants business Cochlear and oOh!media withdraw guidance

Hearing implants business Cochlear (ASX: COH) and billboard advertising group oOh!media (ASX: OML) have joined the growing list of companies withdrawing guidance due to coronavirus-related uncertainty. With healthcare providers either fast-tracking elective surgery or putting it on hold to shore up capacity for Covid-19 patients, many cou...

Read More...
Collins Foods' Dutch KFC restaurants at risk of closure

Collins Foods' Dutch KFC restaurants at risk of closure

Global KFC restaurant operator Collins Foods (ASX: CKF) has announced that its stores in the Netherlands will not be able to operate as usual because of coronavirus concerns. It comes as the Dutch government announced all restaurants must close immediately until 6 April. "As a result, Collins Foods' KFC restaurants in the Net...

Read More...
Australian Securities and Investments Commission restricts share trading

Australian Securities and Investments Commission restricts share trading

The Australian Securities and Investments Commission (ASIC) will make institutional investors or large equity market participants cut their number of executed trades by 25 per cent on levels seen last Friday. The pre-emptive actions under ASIC Market Integrity Rules are aimed at keeping the market resilient following an environment of hea...

Read More...
Crown Resorts deactivates every second electronic gaming machine across casinos

Crown Resorts deactivates every second electronic gaming machine across casinos

With the ban on mass gatherings of 500 or more now in place, Crown Resorts (ASX: CWN) has deactivated every second gaming machine and electronic table game. Crown has also implemented other precautionary measures across its Crown Melbourne and Crown Perth entertainment complexes, including the provision of alcohol-based hand sanitiser and...

Read More...
Business SA announces resilience workshops to help businesses survive

Business SA announces resilience workshops to help businesses survive

The peak industry body for South Australian businesses, Business SA, has announced a series of workshops designed to assist businesses through the uncertainty created by Covid-19. Business SA will also seek to hold a Summit with the leaders of selected businesses associations from across the State to coordinate further solutions to combat...

Read More...
ASIC restricts share trading

ASIC restricts share trading

First it was toilet rolls and pasta, but now some Australians may need to rein in their panic purchases (and sales) of stocks on the ASX as processing capacities are put under strain. The Australian Securities and Investments Commission (ASIC) will make institutional investors or large equity market participants cut their number of execut...

Read More...
Conference centres take a hit

Conference centres take a hit

Last Friday, the Federal Government announced that Australians should begin to avoid mass gatherings from today. Naturally, large events like conferences will likely be cancelled. Sydney's major conference centre, ICC Sydney, says it is experiencing a significant number of cancellations because of Covid-19. "Along with th...

Read More...
Cochlear and oOh!media withdraw guidance

Cochlear and oOh!media withdraw guidance

Hearing implants business Cochlear (ASX: COH) and billboard advertising group oOh!media (ASX: OML) have joined the growing list of companies withdrawing guidance due to coronavirus-related uncertainty. With healthcare providers either fast-tracking elective surgery or putting it on hold to shore up capacity for Covid-19 patients, many cou...

Read More...
Entertainment and hospitality industry haemorrhaging

Entertainment and hospitality industry haemorrhaging

Blues Fest in Byron Bay, Vivid Sydney 2020, and a string of corporate conferences and events around the country have been called off, leaving thousands without income for an indefinite period of time. Mass cancellations of major music festivals, conferences and events are decimating the entertainment and hospitality industries as a recomm...

Read More...
Self isolation announcement in Australia and New Zealand, European stores close

Self isolation announcement in Australia and New Zealand, European stores close

After US President Donald Trump declared a national emergency, New Zealand Prime Minister Jacinda Ardern announced that as of midnight Sunday "everyone" entering the country would need to be in self-isolation for 14 days. On Sunday, Australian Prime Minister Scott Morrison followed New Zealand's lead with new self-isolation ...

Read More...
Domino's prepares for "100 per cent zero contact ordering"

Domino's prepares for "100 per cent zero contact ordering"

As restaurants shutter all over France, one of Domino's Pizza Enterprises' (ASX: DMP) largest overseas markets, the company is hunkering down to bolster the viability of its delivery services. In response to the seriousness and urgency of Covid-19, Domino's has put procedures in place to offer customers Zero Contact Deliv...

Read More...
United States President Donald Trump declares national emergency

United States President Donald Trump declares national emergency

United States President Donald Trump has declared a national emergency and ordered every state to set up emergency operation centres, effective immediately. The emergency orders will allow the U.S. Department of Health & Human Services to waive applicable rules and regulations to give doctors, hospitals, and healthcare providers maxim...

Read More...
Peter Dutton diagnosed with Covid-19

Peter Dutton diagnosed with Covid-19

The Australian Minister for Home Affairs Peter Dutton has been diagnosed with coronavirus Covid-19. In a statement posted to Twitter Dutton announced that he tested positive to Covid-19 after waking up this morning with a temperature and a sore throat. The Minister is currently in hospital but says he feels fine and will provide an up...

Read More...
NBL and Swimming Australia take decisive action, but NRL opts to wait a week for restrictions

NBL and Swimming Australia take decisive action, but NRL opts to wait a week for restrictions

Prime Minister Scott Morrison's advice to avoid gatherings of 500 people or more starting Monday has been followed to the letter by the NRL, with games to proceed as normal this weekend but fans will not be allowed at matches starting next week. The announcement is in contrast to a decision by Cricket Australia to hold matches th...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 1487
Mudgeeraba QLD 4213

LoginTell a FriendSign Up to Newsletter