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COVID-19

Will startups bloom?

Farmers typically await the autumnal rains before they sow their seeds, planting ahead of the gloom and cold of winter. If goes well, a crop will emerge and grow over the next few months until it is ready for harvest.

COVID-19 daily wrap: Australia in suppression phase: PM

Australia has moved into the suppression phase of the coronavirus. There were 22 new infections in Western Australia, and 217 new cases across the country. Places of worship taking part in religious services over Easter will be considered "workplaces".

Code of conduct coming for commercial tenancies

A mandatory code of conduct for commercial leases is expected to be finalised by next week, as federal and state governments continue to work towards a mutually-beneficial solution for landlords and tenants affected by COVID-19.

Investors hope historical form guides COVID-19 recovery

While circumstances change and these times are unique, the market will bounce back; always has, always will – the only question is timing.

Stimulus may not stop avalanche of insolvencies

Australia faces an avalanche of insolvencies if small businesses simply defer rent, utilities and financing obligations and hibernate due to the impacts of COVID-19, with federal government stimulus packages announced to date not robust enough to save thousands of SMEs across the country.

Govt policy clouds future of residential tenancies

One of Western Australia’s biggest residential property managers has called for more clarity around how tenants impacted by COVID-19 renegotiate rental agreements and how landlords can continue to service debt under the federal government’s moratorium on evictions.

Home work the clear winner

There are already some early signs of very clear winners and losers from the COVID-19 crisis, no matter how much we want to believe we are all in this together.

COVID-19 daily wrap: Premier announces hard border closure

WA's borders will officially close to the eastern states at midnight on Sunday. Confirmed COVID-19 cases have grown by eight in WA and 244 nationally. The federal government has announced a childcare service support program.

More shops close amid virus crisis

More Perth eateries are set to shut their doors in response to a weakened retail environment, particularly in shopping centres, while blinds retailer Kresta has announced it will close all of its showrooms across the country.

CBA increases coronavirus loan support

Commonwealth Bank of Australia has further bolstered its coronavirus support for home loan and credit card customers.

The shape of things to come relies on resources

I was involved in a private discussion group today where the question was asked whether we would experience a V-shaped or U-shaped recovery.

COVID-19 daily wrap: Testing criteria in WA to expand

Health Minister Roger Cook said testing criteria for COVID-19 would expand as of tomorrow, 28 new cases in WA overnight; Premier Mark McGowan aired his grievances with the Artania cruise ship, and Andrew Forrest pledged $160 million towards procuring medical supplies and increasing testing in WA.

No ‘how-to’ guide on DIY rent relief

The operator of Metropolis Fremantle says the nightclub faces a difficult rebound from COVID-19 if and when it can begin operating again, with a stalled rent negotiation a demonstration of the uncertainty building over commercial property leases.

Perth house values up 0.5% in March

The value of Perth’s houses increased 0.5 per cent in the month of March, strengthening the recovery underway for the past six months, but the onset of COVID-19 means the recent gains are unlikely to continue.

Everything You Need To Know About The Google & Facebook COVID-19 Ad Grants

It’s no secret that Google and Facebook have immense financial resources at their disposal.

Minderoo pledges $160m for COVID-19 response

Andrew and Nicola Forrest’s Minderoo Foundation is flying in tonnes of medical supplies from China and increasing Western Australia's capacity to test for COVID-19, as part of a rescue package announced today.

Government urged to widen wage subsidy criteria

Concerns have been raised that eligibility criteria for Prime Minister Scott Morrison’s $130 billion bailout plan for business is too restrictive and many businesses with spiralling revenue projections could miss out, and with Parliament in recess, first payments are unlikely to be available until May at the earliest.

The soft side of capitalism has to be on display

This is a big moment for capitalism in democracies, especially Australia, which sits somewhere between the genuine version of the US and virtual socialism across big parts of Europe.

Premier reveals $1bn package to boost business, health services

Payroll tax will be waived for around 10,000 small businesses for the next four months in Western Australia, with power credits, a hold on licence fees and interest-free payment plans for state government duties part of a $1 billion economic and health system stimulus package announced today.

Crisis calls for clear communication

Public relations may not immediately spring to mind in terms of business sectors likely to experience ongoing demand amid the COVID-19-driven economic downturn.

Nuheara responds to COVID-19

Wearable technology company Nuheara says it will temporarily stand down employees in non-essential roles, while its senior executives have accepted reduced remuneration.

100,000 jobs to go: CCI

About 100,000 Western Australians will lose their jobs as a result of the coronavirus, according to the Chamber of Commerce and Industry of WA, although it is unclear how much the federal government's new JobKeeper payment will reduce the damage.

Harsh penalties for WA virus law breakers

Western Australians who don't comply with self-isolation directions will have an electric device installed in their homes or be warned under new laws to address the COVID-19 crisis.

Lotterywest sets up virus-rescue fund

The state government has unveiled $184 million in initiatives to boost crisis support and provide rent relief for small businesses and not-for-profit groups impacted by COVID-19, while the City of Perth has also announced a rent-free period for tenants in city-owned buildings.

Perkins’ bid to #StopTheSpread

Canva chief executive Melanie Perkins spoke to Business News about the impact of COVID-19 on her business and the world.

Digging in as pandemic pain hits

Free to read: WA will be relying on strong export industries to keep its economy afloat, with domestic industries employing a total of 250,000 Western Australians having closed or severely reduced operations due to COVID-19.

Border closure coming to stop virus spread

Western Australia will likely be closed to the eastern states by the end of the week, with Premier Mark McGowan shifting to the third stage of the state government’s COVID-19 response.

Curveballs can be a positive

Western Australian Kate Leeming recently embarked on a cycling expedition through the Andes in South America, but the pandemic cut this short and she had to make a mad scramble to get out of Bolivia before the borders were shut. Here’s her story:

Confronting challenges with an eye on the future

Flexibility and clarity are two attributes business leaders need in times of economic upheaval.

COVID-19 cruise patients to Joondalup hospital

An 11th hour agreement has resulted in 29 passengers from the Artania cruise ship who have tested positive for COVID-19 being transferred to Joondalup Health Campus, after earlier proposals to shift them to Hollywood Private Hospital, the Mount Hospital and Bethesda Health Care were criticised.

Banks move to support landlords, tenants

Australian banks will extend the six-month deferral of loans to 30,000 more businesses to help them cope with the COVID-19 pandemic.

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