Sunday, 28 May 2017 Sydney
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Invest In Australia News::

  • FDI in 2016: Weak global flows but a strong Australian performance

    UNCTAD have released their preliminary estimates (pdf) for global foreign direct investment (FDI) flows in 2016. The numbers show that total flows dropped by 13 per cent last year, falling from US$1.75 trillion in 2015 to US$1.52 trillion in 2016. That soft performance is in line with the 2016 outcomes for world GDP and trade growth, which were also quite weak.

  • Retail turnover falls 0.1 per cent in December

    Australian retail turnover fell 0.1 per cent in December 2016, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. 

    This follows a rise of 0.1 per cent in November 2016.

    In seasonally adjusted terms, there were falls in household goods retailing (-2.3 per cent), and other retailing (-0.2 per cent). These falls were offset by rises in food retailing (0.5 per cent), clothing, footwear and personal accessory retailing (1.4 per cent), cafes, restaurants and takeaway food services (0.2 per cent), and department stores (0.3 per cent).

  • Retail Trade onwards and upwards

    Tasmania’s retail sector has continued its upward trajectory, growing for the 26th consecutive month under the Hodgman majority Liberal Government.

    This is another sign of continued confidence and positive momentum in our community and economy, which is the most powerful driver of jobs growth in Tasmania.

    The ABS figures out today for last year’s Christmas period marks the eighth consecutive month where retail sales achieved a turnover of over $500 million.

  • Melbourne ranked in top 10 global knowledge hubs

    Melbourne has been named in the world's top 10 leading centres of university knowledge by a North American think tank.

    The University of Toronto's Martin Prosperity Institute (MPI) mapped the locations of the world's 500 leading universities based on the 2016 –17 Times Higher Education (THE) World University Rankings.

  • Frost & Sullivan Sees Strong IPO Momentum on ASX in 2017

    Frost & Sullivan is expecting strong growth in the number of Initial Public Offerings (IPOs) on the Australian Stock Exchange (ASX) in 2017. Currently the number of proposed listings on the ASX for 2017 looks strong with close to 45 already in the pipeline, noted Frost & Sullivan.

    “Frost & Sullivan has produced over 40 Independent Market Reports (IMR’s) for companies and their lead managers to include in their prospectuses for IPO’s on the ASX over the last 5 years” says Mr. Andre Clarke, Managing Director, ANZ at Frost & Sullivan.

  • Australian cyber-security solutions on show in the US

    Australia’s world-class capabilities in cyber security will be on show as part of an Austrade delegation to the RSA Conference in San Francisco from 13–17 February 2017.

    The delegation will be led by Craig Davies, CEO of the newly created Australian Cyber Security Growth Network, and he will be joined by the Chief Operating Officer, Melissa Price.

  • Wholesale ADSL regulation to continue during transition to NBN

    The Australian Competition and Consumer Commission has today finalised the wholesale asymmetric digital subscriber line (ADSL) service declaration decision, by continuing to regulate the wholesale ADSL service for a further five years.

    The ACCC considers that declaring the wholesale ADSL service on a national basis will promote the long-term interests of customers during the transition to the NBN.

  • ASBFEO: CHANGE IS OVERDUE AND THE BANKS ARE ON NOTICE

    An inquiry into small business loans by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell, has found the big four banks consistently engage in practices that have caused significant harm to some small business customers.

    The ASBFEO inquiry – completed in just over three months – investigated the circumstances surrounding a number of cases of alleged small business mistreatment by the banks, and concluded loan contract arrangements between banks and small businesses, put the borrower at a distinct disadvantage.

  • Dwelling approvals fall in December

    The number of dwellings approved fell 2.5 per cent in December 2016, in trend terms, and has fallen for seven consecutive months, according to the latest figures released by the Australian Bureau of Statistics (ABS) today.

    In December dwelling approvals decreased in trend terms, in New South Wales (6.3 per cent), Queensland (5.0 per cent), Australian Capital Territory (2.0 per cent), South Australia (1.3 per cent) and Western Australia (0.3 per cent) but increased in Tasmania (3.8 per cent), Victoria (1.5 per cent) and the Northern Territory (1.4 per cent).

  • Government school enrolments on the rise

    The proportion of Australian children enrolled in government schools increased slightly in 2016, continuing the shift starting in 2015 towards government schooling, according to new figures released by the Australian Bureau of Statistics (ABS).

    An ABS spokesperson, Michelle Marquardt said that government schools now educated 65.4 per cent of all Australian school students (2,483,802), rising slightly from 65.2 per cent in 2015 and 65.1 per cent in 2014.

    Between 2014 and 2016, the number of students enrolled in government schools rose by 77,307, compared with an increase over the same period of 26,818 students for non-government schools.

  • Property crime continues to fall

    Property crime in Australia has been declining since 2008-09, according to latest Australian Bureau of Statistics (ABS) figures released today.

    “Analysis of the 2015-16 Crime Victimisation Survey, the eighth in the annual series found that national rates have been steadily declining over an eight year period for break-in, motor vehicle theft, theft from a motor vehicle, malicious property damage, and other theft,” said William Milne of the ABS’ National Centre for Crime and Justice Statistics.

  • Healthy Ageing Grants announced to help support older Canberrans

    Two programs aimed at preventing Alzheimer’s disease and supporting older Canberrans in our community to stay fit and healthy will receive funding under the Healthy Ageing Grants program.

    The Healthy Ageing Grants program is about reducing age-related chronic disease risk factors and promoting healthy lifestyles for older Canberrans.

    The 2016 ACT Chief Health Officer’s report released last year highlighted that age-associated chronic disease is an issue of growing importance in our community.

  • South America’s ‘white petroleum’ enticing Australian investment

    Australian investors are taking a leading role in developing South America’s lithium triangle, a region of high-altitude brine lakes that spans Argentina, Chile and Bolivia.

    Lithium, also referred to as ‘white petroleum’, comes from the primary production of brine or hard rock (spodumene ore) which is largely concentrated in Australia, Chile and Argentina.

  • Dutch solar company plans to invest A$48 million in new Australian energy plants

    Renewable energy company Photon Energy NV has announced plans to construct two new solar power plants in New South Wales.

    The 20-megawatt hours peak (MWp) photovoltaic (PV) plant in Leeton in NSW’s Riverina Region and 14MWp plant in Environa near the NSW/ACT border will have a combined capacity of 34MWp and investment value of A$48.3 million.

  • Juicy Isle's confident expansion

    The Tasmanian Government’s long-term Plan to encourage economic growth and job-creating investment is working.

    In another vote for business confidence, Juicy Isle has invested $1.7 million to help grow its production capacity.

    This was bolstered by a further $1.25 million from the Australian Government’s ‘Tasmanian Jobs and Growth Package’.

    Five jobs were created during construction and the project will result in another 10 positions and help to secure the future of the company’s existing 100-strong workforce.

  • Core arguments and facts of the 2017 Benchmark Report: Industry

    Following my previous post, where I discussed the topic of growth, I want to look in more detail at another key strength of Australia highlighted in the Benchmark Report – industry.

  • Core arguments and facts of the 2017 Benchmark Report: Growth

    Following my previous post where I introduced the 2017 Benchmark Report (BMR), I want to look in a bit more detail at some of the core arguments and facts of the BMR. The Report is structured around six major reasons for investing in Australia – Growth, Industries, Talent, Location, Business and Innovation – and compares Australia’s credentials with other economies across each category. In this post, the focus is on the Growth story.

  • ADELAIDE HILLS' WINERIES TO RECEIVE STATE GOVERNMENT FUNDING BOOST

    Ten Adelaide Hills' wineries will receive up to $25,000 each as part of the State Government's new $1 million Cellar Door Grants Program.

    The Cellar Door Grants Program assists wineries to upgrade and diversify their cellar doors. This could include adding an exclusive tasting room, bed and breakfast facility or educational program.

    The 10 Adelaide Hills' businesses are Golding Wines, The Lane Wine Co, Ochre Nation, Karrawatta, Adelaide Hills Investments, Anderson Hill, O'Leary Walker Wines, Longview Vineyards, Tapanappa Wines and CRFT Wines.

  • BAROSSA CELLAR DOOR PROJECTS TO RECEIVE STATE GOVERNMENT FUNDING BOOST

    Thirteen cellar projects in the Barossa will receive up to $25,000 each as part of the State Government's new $1 million Cellar Door Grants Program.



    The Cellar Door Grants Program assists wineries upgrade and diversify their cellar doors. This could include adding an exclusive tasting room, bed and breakfast facility or educational program.

  • Global shipbuilder forms Australian subsidiary, opens local office

    Italian shipbuilder Fincantieri, one of three companies shortlisted for the Department of Defence’s SEA 5000 Phase 1 (Future Frigate) project, has formed an Australian subsidiary, Fincantieri Australia.

  • Tasmanian Fruit Industry Strategic Plan launched

    The Hodgman Liberal Government supports an expansion of Tasmania’s world class fruit growing industry.

    The Tasmanian Fruit Industry Strategic Plan 2016-2020  launched today is a significant milestone in efforts to further expand Tasmania’s $180 million fruit sector

    The Strategic Plan, which has been jointly funded by the Hodgman Government and Fruit Growers Tasmania, is the latest in a series of specific initiatives supporting our fruit growers.

  • AUSTRALIAN STUDENTS LEAD TRANSPORT REVOLUTION

    A futuristic pod with an award-winning braking system invented by Australian university students may become a critical component in the Hyperloop, a next-generation mode of transport. The Australian invention is a finalist in a design competition sponsored by entrepreneur Elon Musk’s spacecraft company SpaceX that aims to make the Hyperloop concept a reality.

  • Prices remained subdued in the Australian economy

    Price change for goods and services produced in the Australian economy remains subdued, according to figures released by the Australian Bureau of Statistics (ABS) today.

    Producer Price Indexes, Stage of Production (SOP) – Final Demand rose 0.5% in the December quarter 2016. 

    The most significant price rises this quarter occurred in building construction (+0.7%), petroleum refining and petroleum fuel manufacturing (+12.5%) and accommodation (+5.3%). Prices fell for electronic equipment manufacturing (-1.5%), and professional and scientific equipment manufacturing (-2.1%). 

  • Victoria’s economy continues to shine

    Victoria's population growth has come out on top in the CommSec State of the States report, continuing the states reign as the nation's top state for people to call home.

    Highlighting the overall confidence in the property market, the state also landed the number one spot for housing finance. The key indicator is up by 11.9 per cent in Victoria, on the long-term average.