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Report Into Australian Bank Practice Finds Lenders Unfair

Posted: February 3rd, 2017 | Author: | Filed under: Business News, Indeep Media | Tags: , , , , | Comments Off on Report Into Australian Bank Practice Finds Lenders Unfair

Report Into Australian Bank Practice Finds Lenders UnfairI’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.

The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.

The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.

Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.

While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»


Socially Engineered: Trump Has Become The Single Biggest Global Market Influence

Posted: January 26th, 2017 | Author: | Filed under: Business News, Hard Pill to Swallow, Socially Engineerd | Tags: , , , , , , , , , , , | Comments Off on Socially Engineered: Trump Has Become The Single Biggest Global Market Influence

How Trump has become the single biggest global market influence

You can be sure that when vast amounts of money move in a particular direction, somewhere, somehow, a powerful person, or group of powerful people, have made an important decision about something :: Read the full article »»»»


Has China JUST Become The Worlds Biggest Economy?

Posted: January 9th, 2017 | Author: | Filed under: Business News, China, Indeep Media, Socially Engineerd | Comments Off on Has China JUST Become The Worlds Biggest Economy?

Has China JUST Become The Worlds Biggest Economy

By some measures, China is already considered the world’s largest economy. According to a report released last year by the International Monetary Fund that compared international economies by adjusting for exchange rates and purchasing power, China’s economy had already surpassed America’s as the world’s largest.

The Chinese economy is currently worth $US21.3 trillion, just nudging out the International Monetary Fund estimates for the US economy of $18.1 trillion.

This is the first time since 1872 – when the US took the mantle from the UK – it has been knocked off the top spot :: Read the full article »»»»


Trading with China? Australia China Business Week, an event not to be missed.

Posted: October 28th, 2016 | Author: | Filed under: Business News | Tags: , , , | Comments Off on Trading with China? Australia China Business Week, an event not to be missed.

ACBW 2016 Sydney is a must attend event for SMEs executives and business owners wanting to develop or refine their China strategy.

Forum and Function :: ACBW Keynote Lunch and Forum

PM Turnbull Presents ACBW 2016 Keynote AddressThe Hon Andrew Robb AO, the man that Macolm Turnbull dubbed the “best Trade Minister in Australia’s history” for his role in concluding the decade-long ChAFTA negotiations is this years Australia China Business Week keynote speaker. for the previous two years Prime Minister Turnbull himself gave the keynote speech.

The Function ACBW Lunch will feature a high profile panel with Minister Aryes MP, Minister for Trade, Tourism and Major Events, China’s Consul General Gu Xiaojie as well as industry leaders, moderated by Mark Hawthorne, Editor at Large for Fairfax Media. Corporate tables are available for the event, as are individual bookings, the mix of attendees is a great reflection on the diverse interest in our two nations share.

The lunch allows delegates, VIP guests, and sponsors to network, hear from unique high-profile keynote speakers. Through case studies, keynote speeches and panel discussions the ACBW Keynote Luncheon offers a unique and valuable learning opportunity for those seeking to expanding into the China market.

The forum will run over two days, as a series of seminars bringing together industry professionals, business and government leaders to discuss valuable insights into the trends shaping our largest trading partner. The opportunities that our two nations might provide for Australian companies, the changing relationship between Australia and China and the implications for businesses operating between our two nations. The ACBW agenda is designed to encourage interactive discussion.

The brains behind this event – Australian Business Forum – ABF, provides a platform for Australian business to engage and form relationships in Australia China. Targeting Australian companies either currently engaged or looking to enter the China market, ABF has created a wide range of initiatives across its platform to facilitate Australian-Chinese engagement. ABF is an organization dedicated to strengthening business ties between Australia & China with a strong focus on enabling Small & Medium Enterprise – SMEs – to effectively engage with Chinese investors, the Chinese marketplace :: Read More >>


China plans on adding more than 300 million skiers to the dwindling sport

Posted: October 28th, 2016 | Author: | Filed under: Business News | Tags: , , , , | Comments Off on China plans on adding more than 300 million skiers to the dwindling sport

China plans on adding more than 300 million skiers to the dwindling sport

Skier participation in China is set to soar, with the announcement that Beijing will include ice and snow sports as a compulsory part of the primary and middle school curriculum. Under a plan outlined by municipal authorities at the recent 2016 Winter Sports Expo in Beijing, students will dedicate at least one hour per week to the program.

So exactly how big a deal is adding 300 million skiers to the world? Perspective please people! The world currently has about 125 million skiers, and that number is dwindling rather rapidly.

The move will play a key part in realising President Xi JinpinÅg’s recently revealed desire to grow the country’s estimated 15 million skiers to 300 million by Beijing 2022, it will also give a large boost to the international ski population, actually, it will triple it.

Sun Xuecai, director of the Beijing Sports Bureau, also revealed the government’s plans to build ski resorts in Beijing’s suburbs and and ice rinks in six downtown areas. In addition, it will subsidise participation and competition costs for sports like skiing and hockey, which are generally considered too expensive for families earning an average income.

These large scale changes are likely to cause major shifts in the global ski environment. In a 2016 International Report on Mountain Tourism published by Laurent Vanat, China was recognised as one of the key prospects for growth between now and 2020, along with other locations in Asia and Eastern Europe including South Korea, Japan, Bulgaria and the Czech Republic.

As well as the obvious Winter Olympic Motivation, is it possible that President Xi is being overtly patriotic? After all, the Chinese did invent skiing, didn’t they?

In 2006 Chinese researchers stumbled upon cliff paintings of hunters in rugged remote northwestern China appear to prove that Chinese were adept skiers as early as the Stone Age, Xinhua said Monday :: Read More >>