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….

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…

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…

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…

‘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 —…

What Chinese are buying in Australia

THE Chinese continue to pour money into Australian businesses, infrastructure, resources and real estate to the tune of $15.36 billion in 2016. The figure is the highest it’s been since 2008 when Chinese direct investment reached its peak of $21.6 billion, according to a report from KPMG and the University of Sydney. Commercial real estate…

Chinese investment is at the highest levels since the GFC.

Chinese investment in Australia has reached the highest level since the global financial crisis (GFC), up 12 per cent from 2015 to $15.4 billion last year. A new report from Sydney University and accounting firm KPMG found a record 103 deals were signed between Chinese and Australian companies in 2016. But the annual report, Demystifying…