{"id":9513,"date":"2024-04-02T12:44:42","date_gmt":"2024-04-02T01:44:42","guid":{"rendered":"https:\/\/emb.net.au\/?p=9513"},"modified":"2024-04-02T12:57:49","modified_gmt":"2024-04-02T01:57:49","slug":"business-update-03-april-2024","status":"publish","type":"post","link":"https:\/\/emb.net.au\/business-update-03-april-2024\/","title":{"rendered":"Business Update \u2013 03 April 2024"},"content":{"rendered":"<p>Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy.<\/p>\n<h2>Australia\u2019s inflation rate comes in lower than expectations in February at 3.4%<\/h2>\n<p>ABS data shows <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/27\/australias-inflation-rate-comes-in-lower-than-expectations-in-february-at-34\" target=\"_blank\" rel=\"noopener\">consumer price index is stabilising<\/a>, which will feed into the RBA\u2019s next interest rate decision in May. Inflation has held steady for the second month in a row, as cheaper meat and seafood helped\u00a0offset increases in rents\u00a0and automotive fuel.<\/p>\n<h2>Australia\u00a0pours $1 billion into solar power manufacturing<\/h2>\n<p>The Australian Renewable Energy Agency (ARENA) has expressed enthusiasm over <a href=\"https:\/\/dynamicbusiness.com\/topics\/news\/australia-pours-1-billion-into-solar-power-manufacturing.html\" target=\"_blank\" rel=\"noopener\">the injection of $1 billion in new funding<\/a> aimed at facilitating the expansion of domestic solar photovoltaic (PV) manufacturing across the entirety of the supply chain.<\/p>\n<h2>Handbrake on consumer spending means long tail for retail recession<\/h2>\n<p>The retail sector is <a href=\"https:\/\/www.smh.com.au\/business\/the-economy\/handbrake-on-consumer-spending-means-long-tail-for-retail-recession-20240322-p5fekc.html\" target=\"_blank\" rel=\"noopener\">not expected to return to healthy levels until the middle of next year<\/a> as consumers remain reluctant to part with their dollars in the face of stubborn inflation and high interest rates.<\/p>\n<h2>Don\u2019t lose sight of the backbone of this country<\/h2>\n<div id=\"story-description\">\n<p>In 2021-22, the value of the SMB segment grew 15 per cent to $506bn and now accounts for one third of total GDP and employing nearly half of the Australian workforce. The<a href=\"https:\/\/www.theaustralian.com.au\/business\/growth-agenda\/dont-lose-sight-of-the-backbone-of-this-country\/news-story\/c0f6b55d810e211be5918958e2c593a0\" target=\"_blank\" rel=\"noopener\"> untapped potential of SMBs in Australia<\/a> has become a hot topic as organisations seek growth opportunities.<\/p>\n<\/div>\n<h2>Big business warns against Greens Bill to break up supermarket giants grip on economy<\/h2>\n<p>Business groups are calling on the government to reject the Greens\u2019<a href=\"https:\/\/www.news.com.au\/finance\/business\/retail\/big-business-warns-against-greens-bill-to-break-up-supermarket-giants-grip-on-economy\/news-story\/059bb71e29a065e1f9e9508f61533ff9\" target=\"_blank\" rel=\"noopener\"> plan to break up Aussie supermarket brands<\/a> warning it could leave consumers struggling even more with the cost of living pressure.<\/p>\n<h2>China backs down from Australian wine ban in major win for exporters<\/h2>\n<div class=\"description g_font-long-format\">\n<p>The Chinese government has lifted heavy tariffs on Australian wine imports, in the latest <a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/china-backs-down-from-australian-wine-ban-in-major-win-for-exporters\/news-story\/2f51a37be274f8934ffca40c5dee0547\" target=\"_blank\" rel=\"noopener\">sign the trading relationship has stabilised<\/a>. In a statement, the Australian government said it had been notified that from Friday China would remove its duties on Australian bottled wine.<\/p>\n<\/div>\n<h2>The top tax deductions for your job<\/h2>\n<p>Tax time is just months away and that can only mean one thing: it will soon be\u00a0time to lodge your tax return. Now is a great time to\u00a0<a href=\"https:\/\/www.moneymag.com.au\/top-tax-deductions-by-job\" target=\"_blank\" rel=\"noopener\">take stock of all the money you&#8217;ve spent\u00a0on work-related items<\/a> during the course of the year.<\/p>\n<h2>Get in touch<\/h2>\n<p>Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n<p><a class=\"button\" href=\"\/contact-us\/\">Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Australia\u2019s inflation rate comes in lower than expectations in February at 3.4% ABS data shows consumer price index is stabilising, which will feed into the RBA\u2019s next interest rate decision in May. Inflation has &hellip; <a href=\"https:\/\/emb.net.au\/business-update-03-april-2024\/\">Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":7253,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[105],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Update \u2013 03 April 2024 - EMB Business Solutions Pty Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emb.net.au\/business-update-03-april-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Update \u2013 03 April 2024 - EMB Business Solutions Pty Ltd\" \/>\n<meta property=\"og:description\" content=\"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Australia\u2019s inflation rate comes in lower than expectations in February at 3.4% ABS data shows consumer price index is stabilising, which will feed into the RBA\u2019s next interest rate decision in May. Inflation has &hellip; Continued\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emb.net.au\/business-update-03-april-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"EMB Business Solutions Pty Ltd\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T01:44:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T01:57:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emb.net.au\/app\/uploads\/weekly-update-1-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bizink\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bizink\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/\",\"url\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/\",\"name\":\"Business Update \u2013 03 April 2024 - EMB Business Solutions Pty Ltd\",\"isPartOf\":{\"@id\":\"https:\/\/emb.net.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emb.net.au\/app\/uploads\/weekly-update-1-3.jpg\",\"datePublished\":\"2024-04-02T01:44:42+00:00\",\"dateModified\":\"2024-04-02T01:57:49+00:00\",\"author\":{\"@id\":\"https:\/\/emb.net.au\/#\/schema\/person\/807e9d855541c931a0fb231439bfbe0f\"},\"breadcrumb\":{\"@id\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emb.net.au\/business-update-03-april-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/#primaryimage\",\"url\":\"https:\/\/emb.net.au\/app\/uploads\/weekly-update-1-3.jpg\",\"contentUrl\":\"https:\/\/emb.net.au\/app\/uploads\/weekly-update-1-3.jpg\",\"width\":750,\"height\":500,\"caption\":\"Weekly Update 1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emb.net.au\/business-update-03-april-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emb.net.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Update \u2013 03 April 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emb.net.au\/#website\",\"url\":\"https:\/\/emb.net.au\/\",\"name\":\"EMB Business Solutions Pty Ltd\",\"description\":\"Virtual CFOs, Succession and Exit Planning in Sydney\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emb.net.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emb.net.au\/#\/schema\/person\/807e9d855541c931a0fb231439bfbe0f\",\"name\":\"Bizink\",\"url\":\"https:\/\/emb.net.au\/author\/bizinkwpadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Update \u2013 03 April 2024 - EMB Business Solutions Pty Ltd","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emb.net.au\/business-update-03-april-2024\/","og_locale":"en_US","og_type":"article","og_title":"Business Update \u2013 03 April 2024 - EMB Business Solutions Pty Ltd","og_description":"Welcome to our Weekly Digest &#8211; stay in the know with some recent news updates relevant to business and the economy. Australia\u2019s inflation rate comes in lower than expectations in February at 3.4% ABS data shows consumer price index is stabilising, which will feed into the RBA\u2019s next interest rate decision in May. 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