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For businesses entering the exciting world of export, there will be some new skill sets required. Those skills range from having the sales, negotiating, and business culture savvy to sign up sales and alliances in a new market, through to understanding the supply chain logistics of safely delivering the product or service to your new [...]
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The Federal Government has announced new legislation that will reduce the red-tape burden on businesses and improve Australia’s corporate reporting framework.
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The global economy is still at risk with Europe and USA’s public debt on the rise, according to a report by the Bank for International Settlements (BIS), the coordinating body for central banks worldwide. BIS indicated that public debt in the major markets of Europe and the USA had replaced the private debt that triggered [...]
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The Australian private banking industry is the 10th largest private banking market in the world, according to the latest data in the 2010 World Wealth Report, released by Capgemini and Merrill Lynch. At the end of 2009, Australia’s private banking industry entered the top 10 of the world’s largest private banking markets, up from 11th [...]
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More than three-quarters of businesses with an offshore presence are looking to expand, with 44 percent of those looking to do it in the next 12 months, according to the latest results from the annual Global Readiness index (GRi) conducted by government credit agency Export Finance and Insurance Corporation. The index also showed that for [...]
...read moreGovernment export credit agency Export Finance and Insurance Corporation (EFIC) and Screen Australia have developed a loan facility to help producers finance Australian film and television productions for export. The Producer Offset loan complements the Federal Government’s Producer Offset incentive, which provides refundable tax rebates for producers of Australian feature films, television and other projects. [...]
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It’s a truism that many otherwise profitable businesses fail because they run out of cash. While profit is the reason you’re in business, cash flow is what keeps you there—and cash flow and profit are two different things. You may be making profitable sales, but your business can still suffer if those sales aren’t being [...]
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If you rent property, you’ll already be familiar with the concept of a bond, the money you pay upfront as assurance that you won’t destroy the place, or skip off without paying your rent. You could say it’s the landlord’s way of keeping you honest. A performance bond follows much the same concept, acting as [...]
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Minister for Trade Simon Crean has launched a new website designed to assist small to medium exporters with finding the most appropriate finance options for their business needs. The Export Finance Navigator (www.exportfinance.gov.au) allows SMEs to find independent information on financing options for their exporting activities or international investments through an easy-to-use interface that connects [...]
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Trading with offshore partners can be filled with both potential and peril. But there are strategies to manage the risks associated with importing and exporting, and benefit from them. For young tourists, the two greatest risks associated with travelling are getting lost and losing their money. Either is traumatic, but having both occur simultaneously can [...]
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