Professional Services’ Quiet Revolution
Disruption is today’s business ‘buzzword’ – writ ever larger by the escalating impact of technological progress.
Across literally all of industry and commerce, the work and payment environment is in continual transition – from fintech in the world of finance to Amazon’s march across the consumer landscape.
Professional services firms have not escaped, either; although lawyers and accountants and the like have been quietly dealing with their own form of disruption – and its impact on clients – for more than 20 years.
In this special report, The Ledge Bulletin examines the payment paradigm that is bringing change to the service providers who touch virtually all businesses. Click here
Duralite – Quality Built to Last
When looking to purchase a high-end, custom built plant trailer, there is only one brand that those in the know trust to get the job done: Duralite Trailers.
Manufacturers of some of the State’s best trailers for over a decade, the West Australian-owned and operated Duralite has built a reputation that is synonymous with excellence in the trailer manufacturing industry.
For the 12th consecutive month, the Reserve Bank of Australia has held official interest rates at 1.50 percent. It was in August last year that the central bank sliced 25 basis points off the cash rate to support “domestic demand” … taking the marker to the record low where it remains.
Today, however, the RBA is worried about the surging Aussie dollar’s drag on economic growth, and that concern has been taken as a signal that there will be no rate increases in the near future. For the RBA’s full impressions, click here
Keep the Date Free
Ledge is proud to be sponsoring The Kai Botsis Charitable Association Inc. Cocktail Evening on the 19th of August. The event, also sponsored by Katana Asset Management, PROOF the Band, Craig Gaspar of Caporn Young and Pioneer Credit, will kick-off fundraising efforts for the association’s goal of creating a therapeutic playgroup for families of children with an Autism Spectrum Disorder and/or other sensory disorders.
The Australian sharemarket today rode upwards on the strength of rising oil and iron ore prices – the metal up at four-month highs.
Virtually all sectors were up around one percent or more and at the close this afternoon the ASX200 was 5772.4, up 0.9 percent … while the broader All Ordinaries index was 5820.6, up 0.8 percent.
Dollar Holds High
The Australian dollar continues its stubborn high ride against the Greenback. In trade this afternoon, the Aussie was buying U.S. 80.0 cents, 67.8 Euro cents, 60.6 British pence, 5.4 Chinese yuan renminbi and 88.4 Japanese yen.
ONE MONTH AGO
GOLD (sell rates) Perth Mint $A/oz
Iron Ore Spot Price
OIL Bloomberg Dated Brent Crude
OIL Bloomberg W Texas Crude
Today I have something of a treat for you – possibly my shortest-ever column! But I am hoping it might have a big impact.
I am simply going to present a handful of facts, courtesy of Chris Gosselin of Australian Fund Monitors. You might even call these facts ‘inconvenient truths.’
You will have to do the thinking about just how significant they are. I won’t colour your thoughts or burden you with mine … I’ll just let you come to your own conclusion. Please join me by clicking here
A Horse’s Tale…
Happy Birthday! If you are a horse, that is.
Yes, as many will know, today is the official horses’ birthday … every horse in Australia ageing another year. But why is it so … and is it the same the world over? For a quirky little piece of trivia, click here
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