Telstra has reportedly seen its power costs increase by $100 million in the past year, with a senior executive calling on Industry Minister Arthur Sinodinos for urgent action to address Australia’s
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Ansell sells condom business to Chinese buyers
Australian manufacturer Ansell has sold its condom business to a consortium of China’s Humanwell Healthcare and conglomerate CITIC, for $800 million.
The buyers will take on Ansell’s Sexual Wellness
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Naval Shipbuilding College to train thousands of Australian students
Minister for Defence Industry, Christopher Pyne, has announced the release of a Request for Proposal for the Naval Shipbuilding College.
The Naval Shipbuilding College is a key initiative in the Naval
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Electricity prices to increase $3b for NSW consumers
The Federal Court has handed down a decision that will increase electricity prices for NSW customers by around $3 billion.
According to environment and energy minister Josh Frydenberg, this reaffirms the
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$14bn worth of budget measures in doubt
Australian manufacturing and mining jobs trending up, says SEEK
SEEK has released data showing 6.6 per cent more job ads listed on the website this April when compared to last April, with growth across all states and territories. Mining and manufacturing are some of
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ECA supports Australia-Hong Kong Free Trade Agreement
The Export Council of Australia (ECA) has welcomed the launch of negotiations over the Australia-Hong Kong Free Trade Agreement (A-HKTFA).
Hong Kong is a crucial trade and investment partner for Australia,
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Foreign workers needed to support SA shipbuilding
The Naval Shipbuilding Plan has been released, outlining how the Australian government expects to deliver $89 billion worth of ships over the next few decades.
According to the report, there will need
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SA snubbed in Federal Budget, politicians claim
The Weatherill government and Nick Xenophon believe that South Australia was deliberately slighted in this year’s Federal Budget. The politicians have suggested the Liberal Party purposefully excluded
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Manufacturing to receive $100M in federal budget
The federal budget will include a $100 million fund for manufacturers to diversify and expand their businesses, in the wake of the death of Australian car manufacturing.
Primarily, the money is aimed at
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SA company loses $12m submarine tender
Adelaide company Ezy-Fit Hydraulics spent approximately $4 million on upgrades in preparation for a tender to replace the Collins Class periscope tubes, only to lose the tender to Thales, the original
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Rising wholesale electricity prices will threaten NSW businesses
From July this year, there will be a significant increase in wholesale electricity prices for NSW. This has sparked fears that the cost of doing business in the state will be so high that manufacturers
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NSW continues to dominate Australia’s economic performance
CommSec has released its latest quarterly report revealing the economic performance of Australian states.
The report analyses eight key indicators: economic growth; retail spending; business investment;
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Chinese downturn could cost 500k Australian jobs
A downturn in China would have catastrophic implications for Australia’s economy, according to new research from Deloitte.
While there is not an immediate risk of a Chinese downturn, Deloitte partner
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China’s journey to global manufacturing domination
AI Group proposes minimum wage increase
In a submission to the Annual Wage Review, the Australian Industry Group (AIG) has proposed a 1.5 per cent increase in Australia’s minimum wage. This equates to an increase of $10.10 per week in the
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Defence manufacturing will grow Australian economy, says Pyne
The defence industry will be a key player in growing Australia’s economy, according to Defence Industry Minister Christopher Pyne.
“Using the defence dollar to drive the take-up
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More good signs for UK manufacturing
A manufacturing industry survey has revealed that Britain is increasingly seen as a place to source high-tech components and seek future profits.
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UK manufacturing starts to rebound
The UK recorded a PMI of 49.8 in April. The economy grew by 0.3 per cent and analysts hope that there will be a strong second quarter.
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Fall in manufacturing contributes to poor business conditions: NAB
Business conditions in March fell to their lowest level in 4 years after falls in the manufacturing and retail sectors.
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