Archived News for Finance Sector Professionals - August, 2012
Logistics specialist DHL has published its 2012 DHL Export Barometer, showing a recovering business outlook for exporters, despite the strong Australian dollar.
Exporter confidence has returned to rare form following a significant dip in 2011, which DHL attributes to a range of strong new business strategies, including exporting to new markets, product and service innovation and growing orders from existing destination.
The report, now in its ninth year, found that half of exports expect company profits to increase, compared to 41 per cent this time last year.
FINSIA report find pay equity issues rife
The Financial Services Institute of Australia (FINSIA) has published new biannual gender research, which finds pay equity and transparency continues to plague the industry.
New CIO for Reserve Bank
Mr Sarv Girn has been appointed to the position of Chief Information Officer of the Reserve Bank of Australia. The appointment is effective from 3 September.
Westpac to trial mobile payment
Westpac bank has announced the launch of a new pilot app for wireless payment systems in collaboration with MasterCard.
Ching to steer AMP's Asia efforts
AMP Capital has announced the appointment of Kerry Ching as the company’s new Managing Director Asia.
Cornyn named Commonwealth's new retail boss
The Commonwealth Bank has announced the appointment of Matt Cornyn as the company’s new Group Executive, Retail Banking Services.
Government launches financial literacy teaching resource
The Federal Government has launched its new MoneySmart Teaching Primary Package, aimed at helping young Australian students become more confident, informed and responsible financial consumers.
Home lending on the rebound
The Australian Bureau of Statistics (ABS) has published its June figures of housing finance, finding an overall 2.4 per cent upswing over the May to June period.
Lost receipts costing us billions
The Commonwealth Bank has found that the average taxpayer is losing as much as $1,000 dollars because of lost receipts, equating to a total of $7.3 billion nationwide.
RBA keeps rates unchanged
The Reserve Bank of Australia (RBA) has left the country’s official cash rate unchanged at 3.5 per cent, citing softening global growth rates and contracting commodity prices.
Cairns to host G20 finance ministers
The Federal Government has announced Cairns as the host city for the G20 Finance Ministers’ and Central Bank Governors’ meeting in 2014.
Ageing population prompts call for super preservation debate
With the majority of Australians expected to outlive their superannuation savings, the Financial Services Council (FSC) has opened the debate on increasing the preservation age for superannuation.
FSC annual awards announced
More information is here.
IBSA seeks new directors
Innovation & Business Skills Australia (IBSA), one of eleven Industry Skills Councils authorized by the Australian Government to provide a voice on vocational education and training issues, is seeking to appoint new board directors.