Category Archives: Economics

Australia’s Economic Business Growth

airport transfers gold coast

The Australian Mining Boom

There is no doubt that Australia’s economy has been slowing significantly since the mining boom that ended in 2011. During this economic peak, which represents one of the largest shocks to the national economy, the currency reached above parity (1.10) for the first time in history, terms of trade reached a memorable all time high of 118.5 and the mining industry itself comprised of around 8% of GDP. This had a dramatic affect on all Australians on a retail level. By 2013, real GDP per capita had amplified; household disposable income increased by 13% and real wages grew around 6%. The economic outlook and future were looking positive and Australian living standards were predicted to have increased significantly as a result. However like all economic fluctuations and changes in the business cycle, they are temporary. Thus when the mining boom ended in 2011 due to slowdown in Chinese demand for Australian commodities, this had and continues to have an immense affect on Australia’s economy and utility levels.

The aftermath of the commodity boom

Once the mining boom ended, due to the significant appreciation of the Australian Dollar, the Reserve Bank of Australia was attempting to intervene, utilizing monetary system methods and instruments to try and bring the Australian dollar down. As a result of the stubbornly high dollar, tourism and hospitality industries were suffering. Unemployment was increasing while citizens were still struggling to adapt to a slower economy. The Reserve Bank further adopted a highly expansionary monetary policy stance, dropping the cash rate to the lowest it has been for more than half a century at around 2.5%

The current economic situation in Australia

Since then, four years later, the Australian economy has started to gather momentum. With both consumer and business confidence increasing, the AUD falling to around 75 cents and the cash rates further dropping 50 basis points to 2%. Businesses are starting to attract international markets and gaining a competitive edge, allowing for increased revenue and profit ability, a rise in the derived demand of labour (unemployment at 6%,) and a slow revival from an economic contraction.

Australian housing bubble crisis

Although the restoration of the Australian economy was economically and socially difficult, it was a critical step to ensuring that Australian living standards didn’t plunge any further. This is largely due to the concerning housing price trends that have led to have additional negative impact and apprehension to Australian living standards. The property prices were a direct result of the momentous immigration to Australia, specifically Chinese immigration. Thus the pick up in employment and economic stimulation give Australian citizens hope that they can to some extent, resemble the persistent high property prices.

Indeed, if readers in America are planning to go away for the Christmas break, Australia might be a good destination for you. Whether it’s a cheap getaway to the Gold Coast, paired with low airport transfers Gold Coast and luxurious accommodation, Australia’s iconic beaches and our friendly relaxed culture promises to be a great experience and vacation. Accompanied by your recent Beige book publication, a trip to Australia indicates as if it will only become increasingly affordable.

Australia’s economic growth is largely dependent not only on the mining industry but in tourism as well. Australian tourism has improved a lot mainly because of transportation to and from each state has been greatly developed. This would include airport transfers Gold Coast, Sydney and even Melbourne where a lot of tourists go to visit.

Can Social Media Help Politicians Win Elections?

Social media is a booming industry and a huge number of companies and business owners are making good use of its services on their respective brands. These individuals however, are not the only ones who have benefitted greatly from the reach and popularity of the social media. Politicians today take the necessary efforts in improving their overall online presence attracting the attention of the online community. Can social media help politicians win elections? Is a popular question that often comes to mind especially since election campaigns are slowly starting to resurface.

The answer to that question is a definite yes. In fact, several politicians already found success with the help of social media. One of  the most notable examples is President Barack Obama who used social media in an effective manner winning U.S. presidential elections in 2008 and 2012. Aside from that, India’s Prime Minister Narendra Modi is popular in the online community. The UK’s Financial Times even called him “India’s first social media prime minister” which result to a landslide and unanimous win.

Social media in politics is indeed a worthy endeavor. Mr. Modi as mentioned earlier, is among the five most followed politicians on Twitter with 14 million followers and still growing. Others in the top-five club are US President Barack Obama and Pope Francis.

Now social media is being used like never before particularly in a U.K. election. This is quite apparent with the rapid growth and increase of the U.K. population now uses social media more than even. In fact, many even coined 2015 to be UK’s first social media election in which parties are placing paid-for political adverts and campaign videos on social media to attract a potential audience of millions.

The social media and its millions of users are indeed a very good thriving ground to test one’s popularity and overall online presence. Furthermore, a huge number of online users now prefer social media over TV, print interviews or press conferences. The reason behind this is that the online community feels more engaged with the social media pages that they are following. Politicians can also use this to communicate directly to their fans through direct replies and instant messaging.

Social media is also able to reach a much larger number of individuals especially with the help of the internet. This in turn, makes it easy to gain fans across the different countries. Looking back at Mr. Modi, he often tweets in selected different languages depending on his travel itinerary.

Social media does indeed help politicians win elections and a number of politicians have already found success in this particular campaign. Millions of online users make use of social media services on a regular day to day basis making it feel almost natural to follow a popular brand, company or even a politician on their respective social media pages. This allows them to be updated about what they are doing. Make good use of social media towards your next political campaign today.

Robert Kirby – One of the Wealthiest Businessmen in Australia

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You can always get rich at any age as long as you work hard at it. Also the most important thing to do is to save and invest in businesses to which you think you can earn great returns of investment and profit. This is what Roc Kirby did as Robert Kirby was the founder of Village Roadshow in the year 1954. This company became the number one leading and independent entertainment industry in the world.Not only this made him rich as he also has invested in theme parks and film and production industry as well.

His sons, Robert Kirby and John Kirby had also interest in joining their business, Because of their teamwork also, for the next 20 years of existence it grew more cinemas and drive ins. There were also more film making and a film distribution market that happened in 1960’2 and 1970’s. Good profit and business were in his hands as this business expansion became famous and clients openly welcomed everyone in this business.

What They Did?

John and Robert Kirby are brothers who still continue managing the expansion of services to china and making a sign deal to run the amusement park version, which cost the company $550 million. This version is Sea World and Wet n Wild. Because people welcomed Robert Kirby plans,  Robert Kirby being a chairman knows there is a growth in this investment as people would love to explore and experience something new. As this was founded in the year 1954 by their father Roc Kirby; it still continues the legacy and is still in competition with the other businesses. Before Roc Kirby had a single screen drive in cinemas and It now has multilevel cinemas that are born. They work hard and shared the same goals in achieving them. This goes to show that runs in family business really has a great chance to succeed in the industry they are good at.

Another Family business

Family Business is sometime originally owned and founder by the parent and later on children would take over their position. This is a great practice for those children who would love to help their parents running different kinds of businesses, Just like Ruport Murdoch as the number one wealthiest in Australia was also succeeded in his business. Robert Kirby also invested in film and TV operations and has also interest in publishing business, as Murdoch works his way in controlling Australian company new limited in the year 1954 .He started to make some acquisitions like The Time, 20th Century Fox Film and Dow Jones and Company. It made big profits as well. Following the steps of his father, Lachlan the son of Rupert Murdoch earned a position as the co-chairman of their companies. It had simple roles like a non executive. The other son James also now is one of the wealthiest businessmen in Australia.

Australia is sure has good economy because of the businesses that exist everywhere. Most of these investments you can find in Australia are usually the owners’ son or the owner itself. This family owned business is sure making a great performance in their industry. Good performance in business will really yield good profits especially if they are business owned.

Self-managed Superannuation Funds: A Hot Topic for an Ageing Population

No one can deny the fact that all of us get old at some point. Our physical abilities will be hindered making it a bit harder to care for ourselves and our loved ones as well. For that matter, a number of individuals are taking their savings retirement seriously especially since this is what will help them get past the unemployment age when the time for retirement finally arrives. Self managed superannuation funds has become quite a hot topic for an ageing population. Let us look into SMSF and how the ageing population can benefit greatly from it.

Superannuation is usually a term described to an organizational pension program created by a company for the benefit of its employees. Funds that are deposited in a superannuation account will develop normally without any tax implications until retirement or withdrawal. In Australia, this is often referred to the arrangements which people make to have funds available for them in retirement. In fact, Superannuation in Australia is government-supported and encouraged, and minimum provisions are compulsory for employees. This is a very much welcome feature for individuals who wish to plan out for a foreseeable future. Self managed super funds however, take this feature into a whole new level.

With SMSF, its members particularly run it for their own benefit and are responsible for complying with the super and tax laws. This means that the members are also considered to be the trustees. This in turn gives it members a good measure of control with regards to a self-managed super fund. With that being said, those who wish to pursue a self managed superannuation funds must be prepared with the added control that comes with added responsibility and workload that revolves around SMSF. This is where companies that deal with SMSF becomes handy as they are able to render to their clients the necessary service which they need to effectively manage and handle their funds.

SMSF companies in Melbourne is able to do the administration or help with the investment decisions for your SMSF. This gives their clients an extra leeway as a huge burden is taken off their backs with regards to their self managed funds. As a result, clients are able to focus their attention on other important tasks at hand. They are also able to take their mind off retirement and rest easy knowing that a team of professionals are dealing with their savings fund for the future.

Be sure to plan ahead as early with regards to your retirement. Age is not only the factor that is considered when talking about retirement. Sickness and other related factors can force one out of their job making these savings a lifesaver. Look into several SMSF companies today and discuss your plans about your future with them. These companies are able to provide their clients with different strategies, methods and approaches in an effort to help secure their savings retirement as well as yours.

Asian Tiger Economies: How Robust Are They?

Economies on different countries can offer a great opportunity for several companies and business owners to invest in a particular trade in an effort to increase their overall profit and revenue. The options to choose from with regards to trade economies are vast and expansive giving individuals a lot of factors to choose and consider. One of the most notable economies today is the Asian Tiger. Let us consider Asian Tiger Economies and examine how robust are they.

Asian Tiger Economies is a nickname given to the economies of Southeast Asia. This includes Indonesia, Singapore, Malaysia, Thailand, South Korea and China. Tiger economy is often a term that is described to the economy of a country which undergoes rapid economic growth which is then usually accompanied by an increase in the standard of living.

One of the reasons why a number of individuals consider Asian Tiger Economies to be quite robust and stable can be seen on their economic history. The economies grew significantly between the late 1980s and early to mid 1990s with the aid of substantial amounts of foreign investment capital. With that being said, these economies have received its fair share of economic and financial crisis in 1997 and 1998. With that being said, these economies were able to recover fairly well and have proved to be resilient enough to withstand local crises. This in turn made them likely to become more active participants in the global market just as fromt what we are seeing and experiencing today.

Asian Tiger economies were able to find success is made possible by exports and rapid industrialization, which allowed these economies to join the ranks of the world’s richest nations. This is quite apparent particularly today where Hong Kong and Singapore are among the biggest financial centers worldwide, while on the other hand, South Korea and Taiwan are significant hubs of global manufacturing in automobile/electronic components and information technology.

Social media in Asia is one of key social value indicators that have contributed greatly to the success of Asian Tiger Economies. With its help, companies and business owners are able to reach their clients and followers in a timely and effective manner. Furthermore, social media has made it possible to interact and engage directly with customers and fans. Asia is not very much behind in other continents with regards to the number of online users that make use of social media networking sites on a regular day to day basis.

Social media is one of the newest and most popular innovation and trend that is being used by millions of people all over the world. Even companies and business owners are benefitting greatly from the services that they provide. This in turn resulted to a huge increase in the number of social media users and they are being setup and created even as we speak. Make sure that you are making good use of social media with regards to your business activities today.

The Risks of Bad Credit Loans

We are always encouraged and advised to pay our bills or debts on time on a regular basis. The reason behind this is that paying these at an early date saves one from the hassle and inconvenience with regards to your penalties and such. You might not know it but your earnest efforts in paying for your debts at regular rewards you with a good credit. In banking, both good and bad credit exists and this figure can be a very important deciding factor to determine if banks and other related institutions will grant an individual’s loan application. Speaking of bad credits, what are the risks of bad credit loans?

A person’s habit of not paying bills regularly and on time can easily reflect on their payment history. Lenders will oftentimes review this information to determine a potential borrower’s credibility. If you have bad credit loans, lenders will think twice and become hesitant on granting your loan to the point that these gets rejected right off the bat. If your loan does get granted, higher interest rates on your credit card and loans can become an additional struggle. In addition, employment may also become an issue with regards to bad credit loans as employers today are quite vigilant in looking at their employee’s background information

In other cases, those who are desperate and have developed a habit of loaning money to solve personal financial crises, they may end up going to some bad credit loan companies just to have their loan approved. With that being said, one should be careful when dealing with such companies as some of them are considered to be ‘loan shark’s’ in a sense that loans are provided but at an extremely high interest rates. They may end up paying double or even more with regards to their original debt.

Of course, not all cases of bad credit loans are done by a person’s will. Poor judgment may oftentimes result to serious ramifications in the future. Those who want to look for quick cash may seek the aid of a lending company without knowing how their interest rates work by not reading the printed agreement. It is important to think twice before one considers applying for a loan. This should always be one of the last resort and not the first option to think about when one is having problems with money.

Bad credits leave a terrible remark on your payment history. With that being said, this can be alleviated when you start paying your bills and debts on a timely and regular basis. Indeed, your good credits can cover up most of your bad credits if done correctly. This is the reason why it is important to start as early as possible and make it a habit to assess your credit loans seriously and not take them for granted. It is good to hear that there are several financial institutions that understand why bad credit happens who are willing to lend their helping hand.

Create the Sustainable Business Models of the Future

Exactly what makes a business tick? What makes it saleable? What prods people exploring it to try it out and see whether they gain from it or not? What makes it so appealing, in fact, draws so many visitors at the same time? A lot of elements go into making a business a cash making device. It ultimately does turn into one with time, however, to accomplish that a lot of things should be fixed and put in place.

Excellent business management is the first prerequisite. If not, corporate governance becomes wishful thinking. You require a strong management to take care of proceedings at the helm which makes sure the company run well and things form invariably with time.

business

The next necessary step to be brought result to guarantee sustainable business performances are clear thinking and straight talking. Business deals are cut not by talking clever, but talking straight with a great deal of earnestness. The product sold should have some meat and more notably, the clients buying it should be able to see those benefits.

Staff member commitment need to be critical. If employees are not dedicated towards their work, then even skilled business management fails to deliver. The management prospers just when the associates they deal, think they can manage the task in hand well and endeavor to do so. A lackadaisical strategy never fetches excellent outcomes, which is just possible by means of confident and sustained practice.

Opportunities should taken seriously. Releasing off great chances and ignoring possibly important openings can be a disaster to business. A business grew when all opportunities thought very seriously, and only the very best pondered are brought into effect. The ones, not exuding adequate pledge get jettisoned off the agenda.

Excellent company management makes sure a flourishing business. For the business to prosper there has to be an agreement. Conflicts ought to iron out as quick as they can be. This is where the professionals sitting in the management ought to extremely be professional active. Showing signs of the positive decision-making ability, they ought to accept and vice versa, in the end making sure there is an agreement on the concerned subject.

Clients ought to be good terms. They pay the supplier for the service they purchase. Hence, they should be kept happy at all costs. This is where the business management has a role to play. Good managerial intervention ensures clients handled securely, and payments come on time. All this culminates well and results in sustainable business performance where cash made on a huge scale.

New efforts have to regularly taken. These instill a dynamic spirit into a work and usually make it ingenious to the 3rd person assessing the structure. One discovers it worthier of being experimented.

These are methods and methods to make a business more saleable and ensure it remains on the course towards growth and sustenance. The business is likewise found rewarding in the process by many.