Australian beef processors hit by China export ban

CHINA has placed temporary export bans on as many as six beef processing plants in Australia. There have been allegations the bans are in retaliation to deputy Prime Minister Julie Bishop’s comments last week over freedom of navigation in the South China Sea. One meat processor has confirmed the temporary ban to The Weekly Times….

Concerns for biosecurity risks as raw prawn imports resume

INDUSTRY leaders fear the Government has bowed to ­foreign pressure and rushed a decision to resume raw prawn imports from 7th July , exposing the country to further biosecurity risks. Raw prawn imports were suspended for six months on January 6 as an outbreak of white spot disease spread through farms on the Logan River,…

Whyalla steelmaker Arrium to be sold to British company Liberty House

South Australian steelmaking business Arrium is to be sold to a British company and not the Korean consortium identified as the preferred bidder, the state’s Premier Jay Weatherill has confirmed. The business will be sold to Liberty House which is part of London-based GFG Alliance, with all Whyalla steelworkers expected to keep their jobs. “The…

More than two thirds of bacon sold in Australia is made from imported pork.

MOST consumers remain unaware that more than two thirds of bacon sold in Australia is made from imported pork. Australian Pork Limited chief executive officer Andrew Spencer said most people assumed that the tasty, crispy bacon they’re enjoying was Australian. “While people prefer to buy Australian and support our farmers, most consumers simply have no…

Almost one in five homes built in Australia are unoccupied

Australia’s record-breaking residential construction boom has done little to ease housing affordability in Australia’s largest cities, perhaps it’s because many of the homes built are currently unoccupied. Regardless of whether they were purchased by locals or foreign investors, close to one in five new dwellings built over that period was unoccupied on census night, according…

More than two thirds of bacon sold in Australia is made from imported pork.

MOST consumers remain unaware that more than two thirds of bacon sold in Australia is made from imported pork. Australian Pork Limited chief executive officer Andrew Spencer said most people assumed that the tasty, crispy bacon they’re enjoying was Australian. “While people prefer to buy Australian and support our farmers, most consumers simply have no…

Elders sells live export business to Chinese & Australian owned entity

THE managers of Elders’ live export business, North Australian Cattle Company, have joined forces with Chinese outfit Zhoushan Fanda Australian Cattle Industrial to purchase the operation. Elders said an Australian & Chinese owned entity, Zhoushan Fanda Australia Cattle Co, or Fanda, and the current managers of NACC will be the new owners of the livestock…

Chinese investment in real estate grows to $32b: FIRB

Chinese investors topped the list of foreign investment approvals for the financial 2016, and have pledged to invest $47.3 billion in Australia, mainly in real estate, the latest Foreign Investment Review Board annual report shows. The figure is similar to the previous year when $46.6 billion in approvals was awarded to Chinese investors. Of China’s…

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…

Bega private hospital sold to Chinese-owned health operator

Bega Valley Private Hospital has new corporate owners after a deal worth $155million was announced early Wednesday. Healthe Care Australia, the country’s third largest corporate private hospital operator, confirmed the acquisition of Pulse Health’s 13 hospital portfolio. This includes the private medical and day surgery facility in Bega. The Pulse acquisition follows Healthe Care’s April…