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Long payment terms and inflexible bank loans are having a serious impact on the ability of Australian SMEs to grow, a new survey has found.

EFIC, Australia’s export credit agency, has had its loan powers expanded to assist more SME (small and medium-sized) Australian exporters.

Australia is the fourth most expensive country in the world for international money transfers, behind South Africa, Japan and France, new figures show.

Small exporters can still apply for a rebate for 50 per cent of export registration charges this financial year.

Despite global economic uncertainties Australia’s exports are increasing, according to the latest industry data.

Statistically speaking, in sport the host team generally has the advantage over the visiting squad.

Australian SMEs expect to expand further into China and the US over the next year with service providers leading the charge, according to HSBC research.

From time to time, most business owners will need to do some sort of work-related travel. Whilst for many it may only be domestic travel, for others with an international presence there is often a need for a long haul flight to visit trade shows, suppliers, vendors or key customers based offshore.

Some refer to China’s currency as the yuan, others call it the renminbi. Who is right?

OzForex Group, a leading provider of online international payment services, is now making it easier for small to medium businesses to process foreign currency invoices.

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