3 National operations and trends 3.1 Trends in wealth growth over the past decade Global wealth has grown by 26% in the past decade (from $161 trillion in 2008 to $204 trillion in 2018), and during this period, Asian wealth growth has contributed significantly to global wealth growth. The table below lists the top wealth…
This report covers the overall trends in global wealth and immigration wealth over the past decade and forecasts for trends in the next decade. The table below table breaks down the various wealth categories we saw in this report. Wealth refers to a wealth of valuable financial assets or physical assets that can be converted…
Coles CEO Steven Cain has launched a restructuring of the headquarters, which will result in 450 jobs being cut and two senior executives will leave. On Thursday morning, Coles employees at the headquarters of Toorongga in Melbourne’s East Side were told that 450 jobs would be laid off. Coles will not fill vacant positions, so…
The odds of another interest rate cut have been slashed as weak jobs figures drive up expectations of a cut in July and pressure mounts on the government to bring forward $12 billion worth of tax cuts to stimulate the economy. Investment bank UBS and left-wing think tank Per Capita have both backed the case…
Shared travel giant Uber announced that Melbourne was selected as one of the three cities that can experience Uber Airlines before others, and began testing in 2020. In a statement on Wednesday, Uber announced that Melbourne will become a pilot city for aviation services with Los Angeles and Dallas. This service is designed to “open…
According to the Australian Financial Review, as the RBA (Australian central bank) stepped closer to the interest rate cut, the attention of the financial market turned to the possibility of adopting unconventional stimulus measures (QE, ie quantitative easing). There is no doubt that the RBA will not be able to do this easily unless the…
activity Center purpose Encourage centralized retail, residential, commercial, administrative, Entertainment and cultural development become a highly accessible event center community. Strategy Through development, the establishment of activity centers as the focus of high quality development, activities and life An activity center network: Includes a range of centers of different sizes and functions. It is the…
Immigration point Planning is to provide zoning and service land, commercial and community facilities and infrastructure for housing, employment, recreation and open space by anticipating and responding to the needs of existing and future communities. Planning is to recognize and contribute as much as possible to: Health, well-being and safety. A variety of choices. Adapt…
After the RBA announced a rate cut of 0.25 basis points on Tuesday, most lenders have lowered their floating lending rates. They consider a variety of factors, including political and prestige, when deciding to cut interest rates. In the most difficult financial institutions in the recent Royal Survey, CBA, NAB and AMP all followed the…