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The RBA has chosen to leave the official cash rate on hold for July at 4.10%, saying its strategy to increase rates 12 times in 13 months is working. Key Takeaways Australian homeowners have breathed a collective sigh of relief at the Reserve Bank of Australia’s decision this afternoon to maintain the official cash rate […]
Tim Sims, co-founder and managing director of Pacific Equity Partners [PEP] – with $9 billion AUM, talks to Forbes Australia’s managing editor Stewart Hawkins about public versus private equity, the debt market, interest rates, why investing in startups isn’t what the firm does, the future of deal cadence and whether we’re now in a “difficult” […]
Blainey North has designed interiors and furniture for everyone from Nicole Kidman and Russell Crowe, to the Packer family, the Pratts and Kerry Stokes. She even did the mirror over Shane Warne’s bed. Here she riffs on the special relationships required to bring out the best in her and her clients. What’s the most beautiful […]
A once-in-a-lifetime expedition reserved for the adventurous elite, the Silversea Endeavour feels like a floating six-star hotel that can take you to a part of the world very few have explored. Forbes Australia editor-in-chief SARAH O’CARROLL reports. “GOOD MORNING, Ms Sarah. It’s Francis, your butler.” It’s breakfast time. I open the suite door to Francis, […]
Nick Humphreys and brothers Alex and Anthony Zaccaria co-founded Linktree: a tool allowing social media users to share multiple links on their profiles. It was last valued at about $2 billion. Alex Zaccaria had just convinced a co-working space provider to let himself and Linktree co-founders Anthony Zaccaria and Nick Humphreys use the area as […]
After slowing down last year, venture capital deals for Australian startups look even scarcer in 2023. But not all sectors are equal, with some more favoured than others. Data journalist Juliette O’Brien takes the pulse of this country’s startup ecosystem and reveals where the money is flowing. It’s been a sluggish start to 2023 for […]
Software company ReadyTech was bootstrapped for its first five years by backpacker co-founder, Marc Washbourne. Today, the ASX-listed company with a market cap of $350 million employs 500 people around the globe. Washbourne explains how those tough early years primed the business for success. Marc Washbourne was a twenty-something history graduate and self-taught software developer […]
Andrew and Nicola Forrest’s Minderoo Foundation and the US State Department are backing a syndicate of indigenous Australian venture capital investors aiming to focus on seeding First Nations startups. The launch of Blak Angels by Minderoo comes hot on the heels of the announcement last week that the Forrests had donated a further $5 billion […]
Palmer Luckey sold his first business to Facebook for US$2 billion when he was 21. At 30, he’s bringing his defence disruptor to Australia to build submarines and much more. Palmer Luckey loves Australia. The proud American patriot, famous for Hawaiian shirts and libertarian views, also has a great fondness for Australia’s bureaucrats. “Try spending […]
Lisa Nguyen has been called everything from a drug dealer to a “crazy woman” since launching the country’s first female-led medicinal cannabis business. The skepticism has been worth it as the industry grows and more patients have legal access to medicinal, doctor-prescribed cannabis, she says. Issue Five of Forbes Australia is out now. Tap here for […]