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21 May 2010
Western Australia Premier and Treasurer Colin Barnett State Budget 2010-11: 2010-11 Budget confirms Surplus Victor P Taffa The Liberal-National Government has provided a strong foundation for Western Australia’s families and communities after Premier and Treasurer Colin Barnett announced a surplus in today’s Budget of $290 Million in 2009-10 and $286 Million in 2010-11. Mr. Barnett said surpluses were also [...]
Posted in Business
19 May 2010
Western Australia Minister Assisting the Treasurer Bill Marmion Government targets savings in office accommodation costs Victor P Taffa Western Australia Minister Assisting the Treasurer Bill Marmion has announced a new ‘master planning’ approach to the planning and procurement of future State Government office space, with the potential to save between $20-25 Million a year by 2015. Mr. Marmion said [...]
Posted in Business
15 May 2010
Australian Bureau of Statistics Australia’s unemployment rate at 5.4 % in April 2010: ABS Victor P Taffa The Australian unemployment rate remained steady at 5.4 % in April, as announced by the Australian Bureau of Statistics today. The ABS reported the number of people employed increased by 33,700 people to 11.025 million, seasonally adjusted, in April. The rise in [...]
Posted in Business
07 May 2010
Australian Bureau of Statistics International Trade in Goods and Services, Australia, Mar 2010 Victor P Taffa MARCH KEY FIGURES Jan 2010 Feb 2010 Mar 2010 Feb 10 to Mar 10 $m $m $m % change BALANCE ON GOODS AND SERVICES Trend estimates -1 645 -1 724 -1 782 . . Seasonally adjusted -951 -1 701 -2 082 . . CREDITS (Exports of goods & services) Trend estimates 20 072 20 230 20 337 1 Seasonally adjusted 20 413 20 135 20 441 2 DEBITS (Imports [...]
Posted in Business
07 May 2010
Australian Bureau of Statistics ABS retail sales up 0.3% in March 2010 Victor P Taffa The latest ABS retail trade figures show that sales in March rose 0.3%, seasonally adjusted, compared with a fall of 1.2% the previous month. Sales rose, in seasonally adjusted terms, across five retail industry groups: Clothing, Footwear & Other Personal Accessory Retailing (1.4%), Department [...]
Posted in Business
04 May 2010
Australian Bureau of Statistics MARCH KEY FIGURES Victor P Taffa Dec Qtr 09 to Mar Qtr 10 Mar Qtr 09 to Mar Qtr 10 Established house prices % change % change Weighted average of eight capital cities 4.8 20.0 Sydney 5.3 21.0 Melbourne 6.7 27.7 Brisbane 2.0 12.1 Adelaide 2.7 10.8 Perth 3.5 15.0 Hobart 4.2 14.1 Darwin 3.6 17.5 Canberra 5.4 20.6 MARCH KEY POINTS ESTABLISHED HOUSE PRICES Quarterly Changes Preliminary estimates show the price index for established houses for the weighted average of the eight [...]
Posted in Business
30 April 2010
Annual Inflation 2.9% Australian Bureau of Statistics ABS CPI March Quarter 2010 Up 0.9% Victor P Taffa The ABS Consumer Price Index rose 0.9% in the March quarter 2010, compared with a rise of 0.5% in the December quarter 2009. The most significant price rises this quarter was for: Automotive fuel (+4.2%), Pharmaceuticals (+13.3%), Deposit and loan facilities (+3.4%), Vegetables (+10.3%), Electricity (+5.9%), House purchase (+1.2%), Hospital [...]
Posted in Business
29 April 2010
New South Wales Shadow Treasurer & Manly MP Mike Baird TREASURER FAILS TO DISCLOSE LOTTERIES COMPLAINTS Victor P Taffa “No complaint has been made by any of the unsuccessful bidders about the Lotteries sale process.” Treasurer, Eric Roozendaal, NSW Parliament 21/4/10 “Concerns concerning offer based on retention of unclaimed prizes.” subject of letter from unsuccessful bidder to Treasury 17/3/10 Treasurer [...]
Posted in Business
18 March 2010
Australian Bureau of Statistics FEBRUARY KEY POINTS Victor P Taffa ORIGINAL ESTIMATES In original terms, the February 2010 merchandise imports were $15,293m, a decrease of $88m (1%) on the revised January 2010 merchandise imports of $15,381m. PRELIMINARY BALANCE OF PAYMENTS GOODS IMPORTS Preliminary analysis shows that goods imports (debits) on a balance of payments basis increased by $386m (2%) in seasonally [...]
Posted in Business
17 March 2010
Australian Bureau of Statistics INTERSTATE TRADE, QUEENSLAND Victor P Taffa The value of interstate imports for Queensland in the December quarter 2009 was $9,880 million, a 12% increase from the previous quarter. The value of interstate exports in the December quarter 2009 was $6,169 million, also a 12% increase from the previous quarter. Queensland Interstate Trade The two tables [...]
Posted in Business
08 March 2010
Queensland Shadow Treasurer Tim Nicholls QTC is biggest loser Victor P Taffa Queensland Shadow Treasurer Tim Nicholls has today highlighted the fact that Queensland Treasury Corporation (QTC) now heads BRW’s biggest corporate loser list with $4.5953 Billion in the red* which underlines the full impact of the Bligh Government’s shift of assets set-aside to meet future superannuation [...]
Posted in Business
07 March 2010
South Australia Shadow Minister for Finance Rob Lucas Rann’s costing complaint dismissed by independent umpire Victor P Taffa South Australia Premier Mike Rann’s desperate complaints to the Electoral Commissioner about the State Liberals’ RAH (Royal Adelaide Hospital) costings have been dismissed outright by the independent umpire. South Australia Electoral Commissioner Kaye Mousley yesterday comprehensively dismissed Labor State Secretary [...]
Posted in Business
05 March 2010
New South Wales Shadow Treasurer Mike Baird SMALL BUSINESS GIVES KENEALLY THE THUMBS DOWN: SURVEY Victor P Taffa Despite a shift in confidence in the national economy, a survey of small and medium business has given the big thumbs down to Kristina Keneally and her incompetent Labor Government, Shadow Treasurer Mike Baird said today. The March Sensis Small Business [...]
Posted in Business
03 March 2010
South Australia Opposition Leader Isobel Redmond Liberals cut payroll tax to help businesses grow Victor P Taffa A Redmond Liberal Government will raise the payroll tax threshold to $700,000 over the next two years – furthering its commitment to reform South Australia’s uncompetitive tax regime. Over 600 South Australian small businesses will no longer pay payroll tax, with [...]
Posted in Business
03 March 2010
Australian Bureau of Statistics Australian economy continues to grow: ABS Victor P Taffa Latest ABS figures show that GDP, in seasonally adjusted volume terms, grew 0.9% in the December quarter 2009, after growing 0.3% in the September quarter. Growth in the expenditure measure of GDP was driven by a 3.5% increase in private investment, a 10.2% increase in public [...]
Posted in Business
03 March 2010
Victoria Shadow Treasurer Kim Wells BRUMBY BREAKS PROMISE ON GREATER GST TAKE Victor P Taffa Premier John Brumby has failed to use his cosy relationship with his Labor mates in Canberra to secure an increased Goods and Services Tax (GST) allocation for Victoria, Shadow Treasurer Kim Wells said today. “John Brumby told Victorians three years ago that a Labor [...]
Posted in Business
02 March 2010
New South Wales Shadow Treasurer Mike Baird A WORLD CLASS CONVENTION CENTRE FOR SYDNEY: NSW LIBS & NATS TO START IT NOW Victor P Taffa A NSW Liberals & Nationals Government will build a world class convention and exhibition centre in Sydney as part of its plan to drive the State’s economy forward and intends to start the [...]
Posted in Business
02 March 2010
Less dwelling units approved this month Australian Bureau of Statistics Victor P Taffa ABS Building Approvals show that the number of dwelling units approved fell 7.0% in January 2010 following a rise last month. The number of dwellings approved fell in Victoria (-15.9%), Queensland (-7.4%) and Tasmania (-27.0%). There was a fall in the number of approvals for private sector [...]
Posted in Business
02 March 2010
Department Stores up 7.2% New South Wales up 0.4% Australian Bureau of Statistics Victor P Taffa The latest ABS retail trade figures show that sales in January rose 1.2%, seasonally adjusted, compared with a fall of 0.9% the previous month. Sales rose, in seasonally adjusted terms, across five industry groups: Department Stores (7.2%), Clothing, Footwear & Other Personal Accessory Retailing (2.9%), Other Retailing [...]
Posted in Business
02 March 2010
Exports down by $266 Million Imports up by $1,572 Million Increase in current account deficit Australian Bureau of Statistics Victor P Taffa Latest ABS figures show that in seasonally adjusted, current price terms, the current account deficit rose $2,728 M (19%) to $17,459 M in the December Quarter 2009. Exports of goods and services decreased $266 M and imports [...]
Posted in Business
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