Australia/New Zealand Small Business News Round-up – 05/03/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Australia and New Zealand:

  • Tax snitch takes the money and runs: SOMEWHERE in Australia right now there may be a newly wealthy but lonely and very, very nervous European named Heinrich Kieber.
  • Business splurge to defy turmoil: Business is gearing up for its biggest investment plunge in 20 years, defying world market turmoil and the RBA’s fight against inflation.
  • LogicaCMG shortens its name to Logica: Global IT and business services company, LogicaCMG group is unifying its existing brands under one new name – Logica. The LogicaCMG brand, along with the brands of Edinfor, Unilog and WM-data, will transition to the new global brand name from 28 February.
  • Fed to offer economy insurance as needed: Federal Reserve Chairman Ben Bernanke on Wednesday said the US central bank will act as needed to ensure beleaguered housing and credit markets do not further undermine an already sluggish economy.
  • SME’s failing to go green: TWO thirds of Australian small to medium enterprises (SMEs) have failed to take any concrete steps towards cutting their energy usage.
  • NZ central bank expected to keep interest rate steady: … of its continued fight against inflation, Radio New Zealand reported on Monday. Bank economists are united … economy’s growth are becoming more pronounced as business confidence drops to two-year lows and the …
  • Executives positive about private equity: AUSTRALIAN businesses think private equity is a force for good and they expect it to play a key role in corporate life in the country, according to a recent survey.
  • GDP forecasts unchanged as inventories rise: MIXED business inventories and company profits figures released today do little to alter expectations for economic growth data due out later this week, economists say.
  • Wary of new wage policy: MANY businesses are unclear how wage deals will work under the Rudd Government’s Forward with Fairness wages policy.
  • MyNetFone witnesses business user growth: Australian VoIP provider, MyNetFone cites businesses looking for solutions as the driver behind increased corporate accounts.
  • Bosses should act quickly to avoid being April Fools: From April 1, employers must start contributing to KiwiSaver for all employees who join (from ages 18 to 64). The contributions start at 1 per cent and grow by 1 per cent a year until they reach 4 per cent from April 1 2011. Employees…

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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