Canberra could intervene in exchange rate: Xenophon
Independent Senator Nick Xenophon is pushing for a Senate inquiry into the impact of the high Australian dollar after declaring it was “situation critical” for the manufacturing sector.
SA Opposition plans manufacturing taskforce
The South Australian Opposition says if it wins next year’s state election a taskforce will be created to help boost the state’s struggling manufacturing sector.
Don’t follow the US, support manufacturing jobs: Coke boss
Coca-Cola CEO Terry Davis says the benefits of Australia’s manufacturing sector are “significant” and the nation should do what it can to stem further job losses in the industry.
New funding could boost manufacturing innovation
ANZ has pledged to lend $1 billion to start-up businesses over the next year, and a business lobby says manufacturers could use the financing to develop new technology.
Economy coping well with strong dollar: RBA
The Reserve Bank has continued to play down the impact of the high dollar, and claims the broader economy is coping well with the challenge.