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Saturday, May 4, 2024

Latest news: Economic recovery

Covid sees new record in bicycle imports to Australia

With Covid increasing national bike sales by 50%, Australia will hit a new all-time record of 1.75 million bicycles imported into the country in a single 12-month period this financial year.

Cash rate should stay on hold for next 12 months: RBA Shadow Board

The official cash rate should remain at a historic low of 0.1% for at least one year, according to The Australian National University’s RBA Shadow Board.

Two-month extension for tenants in debt welcome, but only a temporary reprieve

Advocacy groups have welcomed the ACT Government’s giving COVID-affected tenants two more months to repay their rent debts – but believe more must be done.

Upgraded potties for Canberra Potters Society: Local arts centres share $700k in revamps

Watson Arts Centre is one of 10 local arts centres and facilities in Canberra which have received more than $700,000 worth of upgrades from the ACT Government’s Fast Track program

Liberals call for independent review of ChooseCBR trial

The Canberra Liberals have called on the ACT Government to conduct more than an internal analysis into December 2020’s $500,000 ChooseCBR discount voucher trial before commencing an expanded $2 million iteration later this year.

ACT Budget: ‘Driving Canberra’s Recovery’

This year’s budget aims to drive Canberra’s Recovery after COVID-19 – the greatest economic and health challenge the ACT has faced.

ChooseCBR voucher program now live with over 250 businesses registered

The ACT Government’s 12-day ChooseCBR discount voucher scheme trial launched this morning with over 250 local businesses signed up.

Did you know recycling is worth $15.5 billion?

New research shows most Australians recycle to reduce landfill or because they believe it’s the right thing to do, yet very few realise recycling contributes $15.5 billion to the Australian economy.

Calls to extend JobMaker subsidy to those over 35

The ACT Council of Social Service (ACTCOSS) has joined their federal counterpart, ACOSS, in urging the Federal Government to extend the JobMaker wage subsidy to people over 35 who have been unemployed...

Indigenous artists miss out in Budget

Despite an uncertain art market, the cancellation of the visual art calendar’s major events and the loss of international tourist sales, already struggling Indigenous artists are among those to miss out in...

Economic recovery lies in jobs, not tax cuts: TAI

Canberra-based progressive thinktank, The Australia Institute (TAI) has called for the Federal Government’s pathway to economic recovery to go through healthcare and education rather than personal income tax cuts. TAI research shows implementing...

Pandemic welfare reduces gap between rich and poor

New University of Canberra research has discovered a reduction in income inequity during the pandemic - meaning the gap between the richest and poorest has shrunk - and they have put it down to increased welfare payments.

ACT Labor pledges Pialligo roads revamp if re-elected

Much-needed major road, pedestrian and parking upgrades for Pialligo have been pledged by ACT Labor, if re-elected in October.

Pandemic could cost global economy $21 trillion: ANU

Research from the Australian National University (ANU) indicates the global economy could lose up to $21.8 trillion USD in 2020 alone, due to the coronavirus pandemic. The researchers, led by Professor Warwick McKibbin...

Canberra Airport pleads ‘open the state borders’

Canberra Airport is pleading with state governments to open their borders, following Qantas today, 25 June, detailing further cuts to the aviation industry.

Half of light rail network to close temporarily

The Flemington Road stretch of Canberra’s light rail network will temporarily cease operations as a stop at Sandford Street, Mitchell is constructed in the next 12 months. That light rail stop is just...

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