Australia’s productivity problem part 1, the big issue – by John Sheridan

Australia faces major economic problems, with boosting productivity foremost. Here, in the first part of a two-part series, John Sheridan identifies the major issues. Former Treasury boss Ken Henry said ‘something is desperately wrong’ with Australia’s economy, which is beset by ‘structural deficiencies’ that cannot be fixed by interest rate cuts or government largesse. Dr…

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Incat sells first electric passenger and vehicle ferry

Tasman ferry builder Incat has received its first order for a new electric vehicle ferry design which will be exported to South America. According to reports, Argentine company Buquebus has ordered what will be Incat’s first-ever electric aluminium catamaran design –  the 148 metre long catamaran ‘utility Ro-Pax’ design (pictured). Designed by Revolution Design, the…

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The A$30 billion Sun Cable crash is a setback but doesn’t spell the end of Australia’s renewable energy export dreams

By Bruce Mountain, Victoria University Sun Cable – considered to be the world’s biggest renewable energy export project – announced last week it had entered voluntary administration following “the absence of alignment” with shareholders. Sun Cable is expected to cost over A$30 billion. It proposes to build an enormous, 12,000 hectare solar farm in the…

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Why review the Productivity Commission, just ditch this industrial dinosaur

By Peter Roberts The federal treasurer Jim Chalmers has announced an overhaul the economic advisory body, the Productivity Commission, by broadening and deepening its work on economic policy and keeping a central focus on boosting productivity. Well good luck with that. Labor attempted to reform this bastion of neo-liberal economics once before – by moving…

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WA allocates land for $70bn of industrial developments

Companies from Korean steel giant POSCO to renewables leader Fortescue Future Industries are among companies who will benefit from a bold move by the Western Australian government to allocate industrial land for major resource processing industries. The state government announced Land allocation approvals for multiple industrial companies in Boodarie and Ashburton North to enable $70…

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Holiday defence industry news briefs – stories you might have missed

Canberra reaffirms nuclear submarines will be built in Australia The federal government has reaffirmed that Australia will announce a decision to construct nuclear powered submarines locally in the first quarter of this year. Asked about concerns by US lawmakers that Australia’s needs could stress American supply chains, defence minister Richard Marles said Australian industry would…

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Rethinking what Australia can and should do in silicon

Last year the former government asked the nation’s Chief Scientist, Dr Cathy Foley, to develop a national semiconductor plan. Brent Balinski spoke to Foley to learn what’s happened since, and for her perspective on where Australia can expand its role. About three years ago many people who had previously thought little or nothing about supply…

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