Author: roymorgansocial

Trust in Indonesian Government increases since inauguration of President Prabowo

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Original article by Roy Morgan
Market Research Update – Page: Online : 23-Jul-25

Roy Morgan’s latest research shows an increase in trust in the Indonesian Government since new President Prabowo’s inauguration in October 2024. For the first six months of Prabowo’s Presidency, a majority of 69% of Indonesians say they trust the current government, up 8% points from the 61% recorded for the six months before the inauguration. This rise in trust is mirrored by a sharp increase in the approval of government performance. A large majority of 79% of Indonesians agree that "the government is doing a good job running the country", up 7% points compared to the prior six months before President Prabowo came to power. While trust and approval of government performance have risen, concern about corruption remains widespread. In the first six months of the new presidency, 84% of Indonesians agreed that "corruption is one of the major problems facing this country", up 3% points since before Prabowo’s inauguration.

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ROY MORGAN LIMITED

A culture of dependency has taken root

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Original article by John Kehoe
The Australian Financial Review – Page: 3 : 23-Jul-25

Research by the Centre for Independent Studies shows that more than 50 per cent of Australian voters now rely on federal or state governments for most of their income. This includes public sector workers, welfare recipients and people who receive subsidies of some kind. Robert Carling from the think tank says this dependence presents a major challenge for politicians who might attempt to reduce government spending. Analysis shows that total federal and state government spending has increased to 39 per cent of GDP; this is its highest level since the end of the second world war, and compares with about 35 per cent of GDP prior to the global financial crisis in 2008.

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THE CENTRE FOR INDEPENDENT STUDIES LIMITED

AI a Trojan horse for IR rules, business warns

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Original article by Phillip Coorey, John Kehoe
The Australian Financial Review – Page: 4 : 23-Jul-25

A recent survey by KPMG found that Australians have lower levels of artificial intelligence use, training and confidence than their global peers. Meanwhile, business leaders are concerned that the union movement will use the federal government’s upcoming productivity summit to argue for increased workplace regulation due to the growing adoption of AI technologies. Business Council of Australia CEO Bran Black says the business community will oppose any attempt to use to summit to further shift the balance of power in workplaces from employers to unions.

CORPORATES
KPMG AUSTRALIA PTY LTD, BUSINESS COUNCIL OF AUSTRALIA

Jobs, inflation swayed RBA on shock rates call

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 2 : 23-Jul-25

The minutes of the Reserve Bank of Australia’s monetary policy board meeting for July shows that it expects a further decline in underlying inflation by the end of 2025, which will justify more interest rate cuts. The board noted that the focus of the July meeting was on the timing and extent of further monetary policy easing. The minutes also show that factors such as the monthly inflation data and the resilience of the labour market contributed to the board’s decision to leave the cash rate unchanged in July, despite widespread expectations of a 25 basis point cut.

CORPORATES
RESERVE BANK OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 86.3 in mid-July

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Original article by Roy Morgan
Market Research Update – Page: Online : 23-Jul-25

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 86.3 in the week to 20 July; however, Consumer Confidence is now 1.9 points above the same week a year ago (84.4), and in line with the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence down in Queensland and South Australia, up slightly in Victoria and New South Wales, and virtually unchanged in Western Australia. Now 20% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 45% (up 1ppt) say their families are ‘worse off’. Looking forward, 26% (down 4ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 31% (down 2ppts) expect to be ‘worse off’. Now just 11% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 28% (down 2ppts) expect ‘bad times’. Meanwhile, 24% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 35% (unchanged) say now is a ‘bad time to buy’.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Have business failures finally hit the peak?

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Original article by Giuseppe Tauriello
The Australian – Page: 19 : 23-Jul-25

Official data shows that 14,716 businesses were declared insolvent in 2024-25, which is 33 per cent higher than the previous financial year. However, CreditorWatch’s latest Business Risk Index report has concluded that the monthly rate of insolvencies may have peaked; it notes that just 1,305 businesses collapsed in June, which is 10 per cent lower than the high reached in November 2024. CreditorWatch also notes that business-to-business payment defaults fell by 6.5 per cent in June. CEO Patrick Coghlan remains cautious, noting that the global economic environment is still "highly uncertain"; he adds that the Australian Taxation Office has become more aggressive about recovering tax debts.

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CREDITOR WATCH PTY LTD, AUSTRALIAN TAXATION OFFICE

‘Stronger together’: Congress pushes AUKUS before Morrison hearing

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Original article by Jessica Gardner
The Australian Financial Review – Page: Online : 23-Jul-25

Australia’s former prime minister Scott Morrison will shortly appear before the US House of Representatives’ Select Committee on the Chinese Communist Party. Morrison will testify about China’s use of "economic coercion", amid the Pentagon’s ongoing review of the AUKUS alliance. The committee is headed by Republican John Moolenaar and Democrat Raja Krishnamoorthi, who have stated that all three members of the alliance are stronger because of it. They also contend that AUKUS will be vital to containing China’s ambitions in the Indo-Pacific region.

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REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES)

Murdoch defamation case could be impossible for Trump to win, experts say

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Original article by Georgie Hewson
abc.net.au – Page: Online : 23-Jul-25

The Wall Street Journal intends to "vigorously" defend its journalism in a defamation lawsuit that has been launched by US President Donald Trump. The newspaper, which is owned by Rupert Murdoch’s News Corporation, is facing legal action after publishing an article which alleged that Trump had sent a birthday letter to Jeffrey Epstein that included a sexually suggestive drawing. Trump has denied sending any such letter to the convicted sex offender. Harry Melkonian from the US Studies Centre notes that it is very hard for public figures – and particularly the nation’s president – to win a defamation lawsuit in the US.

CORPORATES
NEWS CORPORATION – ASX NWS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNIVERSITY OF NEW SOUTH WALES. UNITED STATES STUDIES CENTRE

ALP ups its attack on Israel over Gaza

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Original article by Ben Packham
The Australian – Page: 1 & 2 : 23-Jul-25

Home Affairs Minister Tony Burke has defended the federal government’s decision to issue a joint statement with 27 other nations urging Israel to end the war in Gaza. Amongst other things, the statement contended that Israel’s "drip feeding" of aid into Gaza is "dangerous and unacceptable", and that the suffering of civilians in Gaza has "reached new depths". Burke had described Israel’s conduct in Gaza as "indefensible", but acknowledges that Hamas must release its remaining hostages. The joint statement has in turn been criticised by Israel’s ambassador to Australia, Amir Maimon, who says it is "disconnected from reality" and "sends the wrong message to Hamas".

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS

Risk of mortgage stress up in June as Australians take out bigger mortgages after interest rate cuts

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Original article by Roy Morgan
Market Research Update – Page: Online : 23-Jul-25

New research from Roy Morgan shows that 1,491,000 mortgage holders (28.4%) were ‘At Risk’ of ‘mortgage stress’ in the three months to June 2025, up 1.5% points from a month earlier. This is the highest rate of mortgage stress since January 2025, before either of the Reserve Bank’s interest rate cuts. The number of Australians ‘At Risk’ of mortgage stress has increased by 684,000 since May 2022, when the RBA began a cycle of interest rate increases. Meanwhile, the number of mortgage holders considered to be ‘Extremely At Risk’ of mortgage stress is now now numbered at 1,032,000 (19.7% of mortgage holders) which is significantly above the long-term average over the last 10 years of 14.8%. These are the latest findings from Roy Morgan’s Single Source Survey, based on in-depth interviews conducted with more than 60,000 Australians each year, including over 10,000 owner-occupied mortgage-holders.

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ROY MORGAN LIMITED, RESERVE BANK OF AUSTRALIA