News archive from 2 June 2013

Optus 'best of bad bunch', says CEO Kevin Russell

Optus 'best of bad bunch', says CEO Kevin Russell

Optus CEO Kevin Russell has described his company as "the best of a bad bunch", and says Australia's carriers have gone backwards in recent years and must start doing the right thing by consumers.In a searing critique on the ABC's Inside...

ABC News, 10:59 in Business
 

Optus to spend more on network

Optus needs to spend more on its network and less chasing new customers, boss Kevin Russell says. Mr Russell says the Australian telco industry has gone backwards in the past five or six years with an increasing number of customers dissatisfied with...

SBS, 11:16 in Business
 
Tourist replica set to save Mawson's Huts

Tourist replica set to save Mawson's Huts

A Tasmanian tourism project is set to become the financial saviour of the historic Mawson's Huts in Antarctica.Heritage carpenters will use $350,000 in Federal Government funding to begin building a replica of Mawson's Huts on Hobart's waterfront...

ABC News, 13:32 in Business
 
Australian Government signals 457 visa changes to crack down on rule breakers

Australian Government signals 457 visa changes to crack down on rule breakers

Australia's Immigration Minister Brendan O'Connor has foreshadowed changes to the foreign worker visa scheme that will make it easier to penalise breaches of the rules.Mr O'Connor has previously suggested there have been 10,000 cases of 457 visas...

ABC News, 19:09 in Business
 
Darwin is the easiest place in Australia to find a job

Darwin is the easiest place in Australia to find a job

DARWIN is the place to go for jobseekers with more vacancies than unemployed, according to new private sector research. Construction and finance are the top hiring sectors in the country with over 130,000 jobs advertised so-far this year. Brisbane and...

 
Darwin is the easiest place in Australia to find a job

Darwin is the easiest place in Australia to find a job

DARWIN is the place to go for jobseekers with more vacancies than unemployed, according to new private sector research. Construction and finance are the top hiring sectors in the country with over 130,000 jobs advertised so-far this year. Brisbane and...

 
Interest rates tipped to drop as low as two per cent by early next year: Westpac

Interest rates tipped to drop as low as two per cent by early next year: Westpac

INTEREST Rates are tipped to stay on hold this week when the Reserve Bank board meets as the Australian dollar's descent below parity takes some of the pressure off struggling parts of the economy. But concerns about the global outlook will push the...

 
Australians are tapping their superannuation too early

Australians are tapping their superannuation too early

AN ALARMINGLY high number of struggling Australians are breaking into their superannuation savings early in a desperate bid to make ends meet. The number of financially hard-up Australians applying to do so has almost doubled in the last financial...

 
Frugal habits of the super rich

Frugal habits of the super rich

YOU might think the lifestyle of a billionaire is made up of flashy cars, first-class trips and ostentatious designer clothing. But the rich don't get rich by spending all their money. Spending less than you earn is a simple way to grow your wealth...

 
Bringing your dog to work is one way to lower stress levels

Bringing your dog to work is one way to lower stress levels

MAN'S best friend could be his best workmate too - at least that's the belief of one SA company that allows its employees to bring their dogs to the office. The South Australian family-owned business says opening its doors to staff's dogs has helped...

 
Online bike venture riding high

Online bike venture riding high

Two years ago entrepreneurs James van Rooyen and Jonathon Allara were making a modest income from their bike hire company. Then they turned to ecommerce. Now they are riding with the wind, with their online bikes sales business becoming one of...

 
Online bike venture riding high

Online bike venture riding high

Two years ago entrepreneurs James van Rooyen and Jonathon Allara were making a modest income from their bike hire company. Then they turned to ecommerce. Now they are riding with the wind, with their online bikes sales business becoming one of...

 
Online bike venture riding high

Online bike venture riding high

Two years ago entrepreneurs James van Rooyen and Jonathon Allara were making a modest income from their bike hire company. Then they turned to ecommerce. Now they are riding with the wind, with their online bikes sales business becoming one of...

 

Finance regulator to notch up bill of $115.6 million

At the same time, the industry faces $11.5 million just in the fees used to fund securities regulator, the Australian Securities and Investments Commission. Much of the increase in ASIC's $32.2 million funding jump is to police over- the-counter...

 
Credit unions cautious when it comes to banks

Credit unions cautious when it comes to banks

A government push to bolster the appeal of customer-owned lenders has received moderate support from the industry, with less than half of the eligible credit unions taking up an offer to call themselves banks. Victoria's Police Credit became the...

 
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