AGP Executive Report
Last update: 7 hours agoBanking Fees: Australia’s ASIC has sued Commonwealth Bank, alleging about 42,000 business customers were overcharged $8.5 million in undisclosed fees from 2020 to 2025. CBA disputes parts of the claim. Local Growth: Billings welcomed a record 2.8 million visitors, who spent $703 million, including nearly $185 million at local retailers. Funding: Start.Pivot.Grow. awarded $40,000 to small-business founders to support their next stage of growth. Payments: HSBC UK and Stripe launched Tap to Pay for small businesses, letting merchants accept contactless payments on a phone. Business Relief: UK measures include a higher Small Business Rate Relief threshold and extra rates cuts for pubs, music venues and social clubs; the government expects 70,000 retail, hospitality and leisure businesses to pay no business rates. Cash Flow: A study of 162 Indonesian firms highlights how small businesses can remain financially strained even as access to accounts and loans expands.
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