Small breaks for small businesses

Article Abstract:

Falling interest rates in Australia are causing banks to offer financial services and loans to the substantial but overlooked small business sector. Competition for small business loans has led to a cash-rate margin reduction from 5.1% in June 1997 to 4.1% in December 1998. The average interest rate for a small business loan secured by a home is 6.95%, only 0.45% greater than a housing loan. ANZ Bank has offered two new products: the business mortgage loan with 100% offset and the business saver, at 6.5% interest.

Personal credit institutions, Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Nondepository Credit Intermediation, Lending Services, Economic aspects, Financial services industry, Financial services, Product information, Services, Influence, Interest rates, Mortgage banks, Australia and New Zealand Banking Group Ltd., Small business lending companies

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Ostriches come home to roost

Article Abstract:

The Wallco Ostrich Corp. promised investors a low-risk, high gains ostrich breeding scheme, but the company collapsed when the price of ostrich products did. Wallco owes creditors about $13-19 million. In 1995, a pair of ostriches may have been worth at least $50,000, but in 1999, a pair might fetch $1000-10,000. In 1997, the Australian Securities and Investments Commission ordered the withdrawal of Wallco's prospectus.

Poultry Processing, Poultry slaughtering and processing, Poultry Products NEC, Poultry industry, Processed poultry, Ostrich farming, Wallco Ostrich Corp.

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For ailing profits, Sigma prescribes a spending cure

Article Abstract:

Sigma Pharmaceuticals has manufacturing, wholesale and retail operations. The company is the second largest wholesaler in Australia with market share of 29%. Sigma plans to expand its services to increase its market share.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Drug stores and proprietary stores, Pharmacies and Drug Stores, Drug Stores, Drugs and Druggists' Sundries Wholesalers, Drugs, proprietaries, and sundries, Drugs Wholesale, Pharmaceutical industry, Drugs, Wholesale industry, Wholesale trade, Drugstores, Company Profile, Drug wholesalers, Sigma Pharmaceuticals Ltd.

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