Aus owned Ansell sells condom division to Chinese consortium for $800 million

After 112-years of Australian ownership Ansell will sell its condom business to a Chinese consortium for $800 million. Ansell says the time is right to exit the fluctuating sexual wellness market and focus on rubber gloves. Ansell’s history dates back to 1905, when Eric Norman Ansell bought a condom machine from his employer, the Dunlop…

AusPost sells historic Sydney GPO to Singapore Giant Far East 

Singapore’s giant Far East Organization has swooped on the freehold of the historic Sydney GPO with a deal in train that will see the company own the bulk of the complex in a $150 million purchase. The group, which already owns a portion of the Sydney landmark, is buying the historic post office space and…

Australia’s best houses are being sold on Chinese social media site WeChat

Wealthy Chinese buyers are snapping up multi-million-dollar Australian properties with a live stream and a few clicks on Twitter-like WeChat. Imagine flicking through properties on your phone. Let’s say you’re laid back in your Eames chair, surrounded by your Qing Dynasty porcelain, sipping your Five Star Maotai and indulging in a bout of WeChat surfing….

Australia sells off farm to feed the world

There are seven billion people on earth, up from two billion at the time of Federation. By the end of the 21st century there is expected to be more than 11 billion. That means an extra four billion mouths to feed. Surely the greatest issue in the 21st century will be food and food production….

Murray Goulburn pricing ends four generation Dubbo dairy 

A Dubbo dairy family with four generations of involvement in the industry is the latest casualty of the Murray Goulburn pricing controversy. Kylie and Peter Squires are selling all their Holstein Friesian cattle and their Buckhobble stud, near Geurie, east of Dubbo in western New South Wales. “In the past five to six months we…

Chinese to build $1bn city on QLD coast 

Vast sugar cane lands on the northern tip of the Gold Coast have fallen into Chinese hands in a $1 billion-plus deal that could see the rural landscape transformed into a new city by a Chinese theme park entrepreneur. Chinese company Songcheng Performance Development is striking the deal to give it control over a giant…

Aussies accepting farm sales to China,   claims Australia-China Relations 

Australians are not as opposed to Chinese investors buying local farms and agricultural assets as often claimed, the Australia-China Relations Institute said. Institute deputy director James Laurenceson said a survey by the group showed the Australian public was more nuanced and sophisticated about the benefits and disadvantages of greater foreign investment in agriculture by Chinese…

After Midnight, warhorse legend breeds on

There are soldiers, there are horses­, and then there are heroes. In some families, you find all three. Like Guy Haydon of Bloomfield in the upper Hunter Valley in NSW, his young brother Barney and their war horses. Their story has not been widely told but when the brothers, whose forebears arrived in NSW in…

Chinese Darwin Port move beached WW2 HMAS vessel or they will burn it 

The Darwin Port, leased by the Chinese Langbridge Corporation, advised this week that if the beached WW2 HMAS Rushcutters vessel is not moved immediately it will be dragged up the Catalina Ramp and burnt in the same pit as illegal fishing boats.  HMAS Rushcutter served as a training ship, coast watch vessel, Harbour Defence Motor…

Race discrimination commissioner warns against ‘evil’ xenophobia

Discrimination Commissioner Tim Soutphommasane Australia cannot be complacent with ‘evil’ of xenophobia on the rise, says Tim Soutphommasane “People should enjoy freedom of speech, but like any freedom, it’s not absolute. As the parliamentary inquiry into freedom of speech continues this week, Dr Soutphommasane said Australia needed strong leadership to maintain cultural harmony. “What I’m…

Defence grab for Moore brothers Queensland farm

Nearly 100 years ago, two scarred young men spurred their horses along the heavily-treed flats of Marlborough Creek in central Queensland. Brothers John and James Moore were heading deep into what was then largely untouched bushland, perhaps seeking to get as far away as possible from the memories of the last four years. Both were…