Defence purchases not linked to economic outcomes

By Peter Roberts Australia has embarked on massive local defence acquisitions without clear linkages to national economic, and ‘perhaps military-strategic impacts’, according to a paper published by the Australian Strategic Policy Institute. Author Rob Bourke, a former economic adviser to the Defence Capability Acquisition and Sustainment Group, called for a Productivity Commission inquiry into local…

Liberty Steel sought government loan guarantee: report

There have been media reports that Sanjeev Gupta’s GFG Alliance approached federal and state governments for a government guarantee to aid the Whyalla smelter’s restructure and expansion. Todays’s report, in The Age and Sydney Morning Herald, reported sources who claim an informal approach was made to a joint Commonweath/South Australian taskforce about the possibility of…

USCOM reports higher sales after reorganisation

Cardiovascular disease monitoring technology company USCOM has posted a smaller loss for the 2019 financial year following the reorganisation of manufacturing. The company, founded in 2000 on cardiovascular research by at the University of Queensland, reported revenues of $3.64 million and total costs of $4.3 million. UNSCOM makes a range of non-invasive cardiovascular and pulmonary…