The Australian Industry Group has attacked Canberra’s ‘big stick’ energy legislation as heavy handed, excessively dangerous and counter-productive. Ai Group Chief Executive, Innes Willox said the government’s bill went far beyond recommendations made by the ACCC inquiring into the energy market, and established new powers never before given the government. Willox said: “The so-called ‘big…
The South Australian government has granted major project status to a venture which aims to become Australia’s first commercial rocket launch site. Southern Launch is aiming for its Whalers Way Orbital Launch Complex “to get off the ground in 2020”.
Diversified brick manufacturer, Brickworks (ASX:: BKW) has defied a downturn in local construction and housing to post a record net underlying profit after tax (NPAT) of $234 million. The Sydney company booked revenue up 17 per cent for the 2019 year to $919 million, and an EBIT of $346 million up 12 per cent, according…
The federal government has pledged $3 million to deepen Australian co-operative research with the United States on unmanned defence systems. Defence industry, Melissa Price announced what is seed funding to the University of Melbourne, Macquarie University, the University of NSW and Queensland University of Technology. The funding is under the AUSMURI programme, a sister programme…
Comment by Peter Roberts Australia’s business boardrooms need to get serious about innovation, with few recognising the urgent need to prioritise innovation, acording to a new report from the Australian Institute for Company Directors (AICD). Given the current realities of Australian manufacturing, this is a comment that should be taken on board even more urgently…
