investment

Visiting Victorian defence manufacturer, DefendTex, Minister for Defence Industry, Melissa Price, highlighted how defence is investing in small businesses to build up local capabilities. “Small business is the backbone of the Australian economy and the Defence Innovation Hub is just one avenue for these businesses to succeed in our defence industry,” said Price. Price was … Continue reading Defence funds small businesses to achieve operational excellence →

Funding from the Victorian state government has allowed businesses in the state to innovate and pursue advanced manufacturing processes and develop new business models. The Boost Your Business Voucher Program provides small to medium enterprises (SMEs) to find new markets for their products and invest in growing their workforce. The funding is categorised into eight … Continue reading Victorian investment sees manufacturers adopt new business models →

The Queensland government has appointed Julia Herries as the Queensland Trade and Investment Commissioner – Hong Kong. Herries will be the conduit for Queensland businesses seeking to trade with Hong Kong and garner investment from the city-state. Herries will work to strengthen Queensland’s exports of manufactured goods and products to Hong Kong, the total value … Continue reading A new representative for Queensland manufacturers in Hong Kong →

This week the Western Australian government has announced two grants for innovative businesses to set up in the state. The state government will provide support for local businesses through the X-TEND WA program. Six education programs for investors and innovators are part of the $516,000 pilot program. The programs range from business scale up strategies … Continue reading WA offers investment for innovation →

The Palaszczuk Government, Logan City Council, and nine developers have signed a landmark agreement to deliver $1.2 billion of essential infrastructure to the Yarrabilba and Greater Flagstone development areas (PDAs) in Queensland. Across the two development areas, many services and facilities have been delivered, including the installation of two primary schools, retail precincts, the Yarrabilba … Continue reading Infrastructure deal enables communities to prosper →

The Queensland Government’s first official Queensland-India Trade and Investment Strategy launched today is set to deliver a $1.5 billion trade boost to the state’s economy. The state minister for innovation and tourism industry development, Kate Jones said the Queensland-India Trade and Investment Strategy 2018–2023 outlined the importance of innovation in strengthening Queensland’s ties with the … Continue reading Queensland launches new India trade and investment strategy →

The federal government has concluded negotiations with Hong Kong on the Australia-Hong Kong Free Trade Agreement (FTA), with the deal to come into force next year. The conclusion of the agreement with Hong Kong means Australia now has FTAs with seven of its top eight export markets for goods and services. Australia’s trade minister, Simon … Continue reading Australia concludes free trade deal talks with Hong Kong →

Maryborough’s supplier to the Australian building industry, Hyne Timber, is commencing construction and advanced manufacturing glue laminated timber plant with support from the Queensland State Government. Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said assistance from the government’s $150 million Jobs and Regional Growth Fund will accelerate the development of the new … Continue reading Maryborough manufacturer expanding locally to target new markets →

The Victorian government has released its strategy to help local companies access Southeast Asian markets and increase trade and investment in the growing region. Called Globally Connected, the government’s Southeast Asia trade and investment strategy outlines plans to strengthen and expand the state’s two-way economic relationship with the region, identifying key trends and highlighting emerging … Continue reading Victoria releases Southeast Asia trade and investment strategy →

Blackbird Ventures, Telstra Ventures and Skip Capital have invested $4.8 million in Brisbane-headquartered company Movus, a developer of IIoT (Industrial Internet of Things) sensor and machine monitoring solutions. The investment will allow Movus to scale up to international markets, further refine its product, expand its research and development laboratory, and grow its Brisbane-based team, a … Continue reading Queensland IIoT company, Movus, secures $4.8m investment →

The UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC) have signed a new agreement to extend their existing cooperation on fintech innovation. As per the new agreement, FCA and ASIC have agreed to explore ways to quicken the licensing process in terms of the authorisation of innovative businesses that are already … Continue reading British, Australian regulators strengthen cooperation on fintech →

Kibaran is set to build its pilot plant for producing battery-grade graphite following outstanding results of feasibility study it conducted on downstream processing of graphite from its Epanko Graphite Project in Tanzania. The study found that production of battery-grade graphite using Kibaran’s proprietary purification technology would be low-cost and environmentally friendly. The feasibility study was … Continue reading Kibaran to construct pilot overseas graphite manufacturing plant →

Australian battery company Redflow has unveiled an investment package that will raise $14.5 million to target sustainable delivery of its zinc-bromine flow batteries to high demand areas such as telecommunications. The company’s capital-raising follows its May announcement of decisions from a strategic review including: Prioritising sales to supply proven demand areas including mature telecommunications/industrial/commercial, remote/off-grid power … Continue reading Redflow cashes up to target battery demand areas →

The 2017 NSW Budget has been revealed, including $72.7 billion for infrastructure and $96 million to support local businesses. Here is a breakdown: Infrastructure $7.2 billion in Government investment for the third stage of WestConnex, including the M4-M5 link $4.9 billion across four years for Sydney Metro City and South West $3.5 billion across four years … Continue reading NSW Budget: $73b for infrastructure and $96m for local businesses →

The World Bank has reaffirmed its forecast that global economic growth will improve to 2.7 per cent this year, with an improvement in manufacturing and trade, market confidence and commodity prices. According to the World Bank, advanced economies are showing signs of improvement, particularly Japan and Europe. The seven largest emerging markets – China, Brazil, … Continue reading World Bank forsees pickup in manufacturing and trade →

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, according to the ECA. It is the sixth-largest market in the world for Australian goods exports, and the seventh largest for Australian services exports. … Continue reading ECA supports Australia-Hong Kong Free Trade Agreement →

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 to be $1.3 billion worth of upgrades to shipyards in South and Western Australia, which will be funded through taxpayers. It is also … Continue reading Foreign workers needed to support SA shipbuilding →

Italian multinational dairy company Parmalat has committed to a $12 million upgrade of its Adelaide factory. The company has invested $30 million in the Clarence Gardens facility since 2011. The company’s Australian chief executive Craig Garvin said its investment shows the company’s commitment to South Australia, which he believes is important in light of the recent … Continue reading Milk manufacturer invests $12m in SA facility →

Industry minister Ian Macfarlane has said that the upcoming National Industry Investment and Competitiveness Agenda will follow a “tough love” approach to assistance.

Prime Minister Kevin Rudd and Chinese President Xi Jinping have both expressed a desire to conclude a free trade agreement (FTA) between the two countries.