Coalition promises to build three surprise new ships

The Coalition has surprised the defence world by committing to spend $1 billion building three new ships at the Civmec yard at Henderson, south of Perth. The announcement by Prime Minister Scott Morrison and defence industry minister Linda Reynolds covers two new mine hunter support vessels and a hydrographic ship. The announcement appeared on the…

Reece Pharmaceuticals scales up manufacturing

Synthetic antibiotic developer Recce Pharmaceuticals Ltd (ASX: RCE) has scaled up its Sydney production facility to support its commercialisation activities. The company, which has patented a new class of antibiotics to tackle resistant superbugs, has increased capacity at Macquarie Park in Sydney fivefold to cope with increasing demand. The Company has developed an automated process…

Australia falls again in global broadband speed rankings

If fast broadband is essential to modern business including manufacturing, then you are all better off moving to that technology powerhouse Kazakhstan. The latest Ookla Speedtest Global Index places Australia’s $50 billion National Broadband Network (NBN) as the world’s 62nd fastest fixed broadband, down three places and falling behind the central Asian republic. The latest…