Treasury Estates Wines (ASX: TEW) the maker of Australia’s most prestigious wines has announced the sudden departure of its chief operating officer for unspecified ‘breaches’ of company policies. The company, which makes Grange hermitage, Wolf Blass, Lindeman’s and Rosemount wines announced yesterday that Robert Foyle had ‘left the company’. This was “…effective immediately, due to…
The ALP has promised to boost Australian industry participation in public and private projects, should it come to power nationally at the 2019 election. Industry spokesman, Senator Kim Carr announced today a Local Projects, Local Jobs plan that includes two significant changes. Under the plan, government contracts above $10 million in value would have to…
Sydney’s Suba Enginerering is poised to launch an upgrade to its successful SubaScope digital microscope used for inspection in electronics manufacturing. The company, which launched its first locally engineered and made microscope in September, has added new features and retained the same low cost that has seen it sell more than 200 systems in only…
Trade minister, Simon Birmingham has reached agreement with the United Kingdom to secure Australian export trade for products should Britain depart the European Union without a comprehensive Brexit agreement. Senator Birmingham announced that current EU arrangements would continue to apply to Australian exports to the UK post-Brexit. “This will mean Australian exporters can continue to…
Canberra’s CEA Technologies and Perth’s Austal (ASX: ASB) are the first manufacturers to receive federal government loans from the Export Finance and Insurance Corporation (EFIC) to boost Australian defence exports. A loan of $90 million has been made to CEA to help build a new manufacturing plant to build its CEAFAR phased array radars in…
Australians are setting up online businesses in ever greater numbers, but only a fraction of Australian companies are selling goods offshore. A global survey by payments company, Stripe, found 66 per cent of Australian online businesses were selling offshore. This is a higher level of internationalisation than businesses in the United States, where 45 per…
Local manufacturer Impression Healthcare (ASX: IHL) has received the required licenses to allow it to make and sell medical cannabis products in Australia. The company announced today it had received licenses from the Victorian Department of Health to sell products containing four scheduled cannabinoid substances. The approvals cover cannabis, cannabidiol (CBD), tetrahydrocannabinols (THC) and dronabinol.…
Analysis by Peter Roberts It has been slow to come but the costs and disruption being wrought on world trade by the United States and China’s trade war are now clearly being felt. In a series of mutual escalations since March the US and China have imposed tit for tat tariffs on hundreds of billions…
Latrobe Magnesium (ASX: LMG) which is developing a project to produce magnesium metal in Victoria’s La Trobe Valley has extended protection for its unique technology with the granting of a patent in India. The patent, which adds to protection in Australia, the US, EU, China and Indonesia, protects the company’s 100 per cent owned electrolytic…
Analysis by Peter Roberts As we enter 2019 we are seeing a a gradual slowing of the Australian economy, with manufacturing’s contraction in the most recent month just one of the early warning signs things are off the boil. A combination of a tapering off of infrastructure spending, soft consumer confidence linked to falling real…
