In among these commentaries I am en¬couraged by the confidence the Australian Government has shown in our own banking system.
Our government has taken the unusual step of guaranteeing savings for the next three years. Investors will be reassured for this period know¬ing that they can take the best interest rate on offer and regardless of what happens they will get their money back. Global central banks have offered unlimited cash injections and equity in leading financial systems, in the case of the Royal Bank of Scotland, nationalising it – all with the design to restore confidence.
While there is no doubt that credit is tighten¬ing and some markets will slow faster than oth¬ers, indications are that Asia will continue to de¬mand goods and services and the urbanisation of China will also continue. This is good news for our exporters. In addition the slump in our dol¬lar will make our exports more competitive and I expect that new opportunities may arise out of the current confusion.
The recent 2008 ACT Chief Minister’s Export Awards were a beacon of light in among the current crisis and ACT government elections. If confidence is key, the confidence shown by the 18 finalists on show was more than encourag¬ing. From artwork for children to educating people in places such as Kenya, the Middle East and North Africa, the diversity and innovation on show was quite amazing. In fact if there is a slowdown our local exporters were not showing any signs of it. Two CEOs were unable to attend the presentation as they were finalising new business overseas.
I would like to congratulate the finalists, cate¬gory winners and the 2008 ACT Chief Minister’s Exporter of the Year, the Centre for Customs and Excise Studies on their achievements. As David Widdowson, CEO CCES said at the awards,‘…recognition at home is important for credibility and rewarding for the staff.’ I would also like to welcome IELTS into the ACT Exporters Hall of Fame.
The ACT Exporters Network is proudly sup¬ported by St George Bank, Centre for Customs and Excise Studies, AusIndustry and the Canberra Business Council.
Confidence is key
In among these commentaries I am en¬couraged by the confidence the Australian Government has shown in our own banking system.
Our government has taken the unusual step of guaranteeing savings for the next three years. Investors will be reassured for this period know¬ing that they can take the best interest rate on offer and regardless of what happens they will get their money back. Global central banks have offered unlimited cash injections and equity in leading financial systems, in the case of the Royal Bank of Scotland, nationalising it – all with the design to restore confidence.
While there is no doubt that credit is tighten¬ing and some markets will slow faster than oth¬ers, indications are that Asia will continue to de¬mand goods and services and the urbanisation of China will also continue. This is good news for our exporters. In addition the slump in our dol¬lar will make our exports more competitive and I expect that new opportunities may arise out of the current confusion.
The recent 2008 ACT Chief Minister’s Export Awards were a beacon of light in among the current crisis and ACT government elections. If confidence is key, the confidence shown by the 18 finalists on show was more than encourag¬ing. From artwork for children to educating people in places such as Kenya, the Middle East and North Africa, the diversity and innovation on show was quite amazing. In fact if there is a slowdown our local exporters were not showing any signs of it. Two CEOs were unable to attend the presentation as they were finalising new business overseas.
I would like to congratulate the finalists, cate¬gory winners and the 2008 ACT Chief Minister’s Exporter of the Year, the Centre for Customs and Excise Studies on their achievements. As David Widdowson, CEO CCES said at the awards,‘…recognition at home is important for credibility and rewarding for the staff.’ I would also like to welcome IELTS into the ACT Exporters Hall of Fame.
The ACT Exporters Network is proudly sup¬ported by St George Bank, Centre for Customs and Excise Studies, AusIndustry and the Canberra Business Council.