Australia in the grips of an ‘investment drought’

Investment in Australian business is at its lowest point since the mid-90s and industry is claiming we are in the grips of an “investment drought”.

Business Council of Australia CEO Jennifer Westacott said there is more money “leaving the country” than coming in. “What that means is it’s bad for wages, it’s bad for living standards, it’s bad for revenues of government,” Ms Westacott told Sky News Australia.

Most of our Companies are controlled from Overseas, Trade and Manufacturing jobs sent Overseas. International Students take the places of Australian Students not hard to figure it out. 👍

So let’s see who albo the spud and the undergraduate socialist treasurer blame this on. Won’t accept any current government responsibility would be my tip

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Myer CEO hails company investment into rewards programMyer CEO John King has discussed his company’s investment into Myer One rewards, which has resulted in nearly 75 per cent of sales going through the program. He said Myer One was a “diamond in the rough” before they decided to join it with online and physical shopping. “It gives us really good first-party data in which to understand what you as a shopper want to buy and we see what you are buying and then we will then try and tailor our communication to you so that we keep you interested and engaged with us,” Mr King told Sky News Business Editor Ross Greenwood.
Source: SkyNewsAust - 🏆 7. / 78 Read more »