Page 6 - Patrick Coghlan News Today

By Byron Kaye and Lewis Jackson SYDNEY (Reuters) - The cost of serving up a sandwich with a cup of coffee has hit the roof across Australia's vaunted ...

The cost of serving up a sandwich with a cup of coffee has hit the roof across Australia's vaunted cafes, squeezing profits and forcing a wave of closures for those that managed to survive the COVID slump.

CreditorWatch has joined forces with Credit Sense to streamline and expedite the loan application process, supporting the third-party channel.

Thousands of payments totalling more than $367 million have been paid out to employees of collapsed companies since the Covid-19 pandemic.

The latest data from the May 2023 CreditorWatch Business Risk Index (BRI) paints a concerning picture for Australian businesses.

Australian businesses are bracing for a tough year ahead in FY24, according to CreditorWatch's "End of Financial Year Survival Guide 2023."

Despite rising costs and supply constraints, business activity in Australia remained strong in April 2023, new data reveals. The April 2023 CreditorWatch Business Risk Index (BRI) has revealed that

The April 2023 CreditorWatch Business Risk Index (BRI) has revealed concerning trends for businesses, indicating increased pressure and ongoing challenges.

According to a recent report by CreditorWatch, insolvencies in the construction sector continue to rise, indicating that the industry has yet to recover to pre-COVID levels.

Tough economic conditions and the withdrawal of government pandemic support has sent the number of businesses falling into insolvency soaring.