Australia is the least self-sufficient in manufacturing – report
A report by The Australia Institute’s Centre for Future Work reveals Australia is the least self-sufficient of all OECD Countries. Australia is 36th in the OECD in terms of the amount of goods we manufacture versus the amount of manufactured goods we use. The Centre’s Jim Stanford told ABC: “Australia has one of the most underdeveloped manufacturing sectors of any industrial country in the world.” Dr Stanford estimates that increasing Australia’s manufacturing self-sufficiency to 100 per cent could add another $180 billion a year in new manufacturing output, boost GDP by $50 billion a year and add more than 650,000 direct and indirect jobs.
Bega enters the honey market
Dairy group Bega has added to its peanut butter range in spreads with the launch of B honey (pictured) and the Purple Hive Project. B honey is 100 per cent pure Australian honey, sourced in ways that will help protect Australia from Varroa Destructor (Varroa mite). View the video here.
Elsight moves to commercialisation phase
Wireless video and data transmission technology company group Elsight is entering the commercialisation phase of its Halo communications platform following further US FCC certifications. The Halo hardware platform incorporates algorithms that facilitate secure and highly reliable communications from remote cameras to control rooms and command centres.
SciDev raises $7 million
Fluid separation chemicals business SciDev is raising $7 million to bolster the company’s balance sheet. A $5 million placement to institutional investors has been completed with the company now offering $2 million in new shares to shareholders.
Picture: Bega B Honey
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