Mega-developments in Sydney and QLD attracts Chinese scrutiny

Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia’s biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies. Dalian Wanda, headed by China’s richest man Wang Jialin, is among four Chinese companies…

Chinese hardware giant opens first space in Sydney

Chinese building materials and homewares company China Lesso Group Holdings opened its first exhibition space in Australia on Thursday, as it makes a push into the local market. Lesso Home opened a 30,000sqm centre in Greenacre in Sydney’s west, reportedly investing at least $20 million, with more than 60 tenants, focusing on trade buyers including…

Chinese -only Gold Coast Liberal National Party Branch gets mixed reception

A CHINESE-only branch of the Liberal National Party has formed on the Gold Coast, dividing the party faithful. The Gold Coast LNP Chinese Heritage Branch has just held its first meeting, with dozens of members joining several sitting MPs for the inauguration. The new branch comes just weeks after the launch of a similar splinter…

Indian company looking to sell breast milk to Australia

In some countries a litre of breast milk can sell for hundreds of dollars and while it’s not commercially available in Australia, it could be soon. Indian company NeoLacta Lifesciences was last year granted permission to start importing breast milk to Australia. Dr Ben Hartmann, from PREM bank at Perth’s King Edward Memorial Hospital, said…

Super funds call for register of foreign owned farms 

Industry superannuation funds have called for tougher foreign investment rules around Australian agriculture as they seek to ramp up their investment in the sector. Industry Super Australia, which represents not-for-profit industry funds, said quality Australian farming assets were being cherry-picked by foreign investors. Chief economist Stephen Anthony has called for a government register of foreign…

Norwegian-based company to start drilling in Great Australian Bight 

NORWEGIAN-based energy company Statoil plans to begin drilling for oil in the Great Australian Bight by late 2018 after it took over two exploration permits from BP. The company has also moved to quell environmental concerns over potential oil spills associated with deep-sea drilling, saying it will abandon the project if it cannot drill safely….

Imported frozen berries from China linked to hepatitis outbreak again 

FOR the second time in two years berries imported from China have been implicated in a hepatitis A outbreak. Last week three cases of hepatitis A virus were “potentially linked” to the consumption of Creative Gourmet frozen mixed berries in 300g packs. The product contained blueberries sourced from Canada, and strawberries, raspberries and blackberries sourced…