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…

Immigration intake will remain at record level for 2017 – 2018

Australia’s permanent migration programme for 2017-18 will remain at a ceiling of 190,000 places. This was announced by Department of Immigration and Border Protection Minister Peter Dutton on budget day. After recent announcements of abolishing the 457 visas and strengthening the requirement to gain Australia’s citizenship, all eyes were on government to see if the…

Lithium Australia looks overseas to build Lithium processing pilot plant

An engineering design study for a large-scale pilot plant for Lithium Australia’s breakthrough Sileach Lithium processing technology has identified an overseas location with potential for substantial capital cost savings.Lithium Australia appointed CPC Project Design in December to conduct the study, which includes capital cost estimates, operating cost estimates and comparisons of logistics costs for a…

Keep foreign workers coming, IMF says

Just hours before Treasurer Scott Morrison hands down his second budget, the International Monetary Fund has offered some sage advice – keep Australia’s borders open to foreign workers. At a time when the Turnbull government is tightening the criteria for foreign workers and Labor is in a flap over it’s “Employ Australians First” ad, the…

Chinese buying big in Australian agribusiness

CHINA’S investment in Australian agribusiness has tripled in just one year as China strives to meet rising demand for high-quality food among its growing middle class. In 2016, Chinese companies invested $1.2 billion in Australian agribusiness, three times the investment of $375 million in 2015, shows a report form financial services provider KPMG and the…

‘That’s business’: $2b missile contract awarded without compete 

Some of the world’s largest defence companies have expressed disappointment at Australia’s decision to award a lucrative multi-billion-dollar missile contract without a full competitive evaluation process. Defence Industry Minister Christopher Pyne has confirmed Raytheon Australia will be commissioned to develop its National Advanced Surface to Air Missile System (NASAMS) for the Australian Defence Force —…

India set to export mangoes to Australia 

India set to export mangoes to Australia for the first timeAustralians can expect to see mangoes from India popping up in the markets soon, with a number of Indian businesses working hard to export fruit this season. Revised protocols have opened the door for Indian imports, with fruit allowed into Australia as long as it…

Independent butchers call for alliance with farmers to challenge supermarket duopoly

Independent butchers are calling on farmers to unite with them and help develop a gourmet niche market that will challenge the supermarket duopoly. Australian Meat Industry Council representative and Adelaide butcher Trevor Hill said farmers were increasingly embracing the “convenience” of selling direct to supermarkets and accepting lower returns. He said a butcher-farmer alliance could…

Australian flow Hive inventor stung by Chinese ‘copycat’

One of Australia’s most celebrated modern inventors will lock horns with an alleged copycat that claims to be preparing for a global launch. Flow Hive developed a hive that allows honey to flow out the front into collection jars, representing the first modernisation in the way beekeepers collect honey. It took a decade to develop….

Property sector recruits Chinese real estate agents on 457 visas

More than one Chinese real estate agent was brought to Australia on a 457 visa every week during 2016 to allow businesses to take advantage of the offshore investment boom. The 2016 figures for the 457 program released this week show there were slightly fewer workers in Australia on the controversial temporary visa at the…