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…

China rock lobster deal under fire in WA 

A veteran of WA’s rock lobster industry has hit out at a deal that allowed a Chinese conglomerate to buy local fishing rights. Peter Prideaux said the deal between Kailis Bros and Legend Holdings to create KB Foods set an alarming precedent for foreign ownership in the fishery. “The Western Rock Lobster Fishery is one…

Six thousand new homes on Vic defence land

Thousands of new homes will be built on former defence land in Melbourne that the federal government has released for general sale. The federal government predicts 6000 homes can be built on 128 hectares of former defence land where the old Maribyrnong munitions factory operated during World War I. ‘It’s a very prominent site in…

Beekeepers concerned about risks from imported honey

Australian beekeepers have called on the federal government to investigate the risk posed to the local $100 million honey industry and bee population by the recent jump in honey imports. The Australian Honey Bee Industry Council is concerned imported honey from countries such as China and Mexico could contain live viruses and bacteria that cause…

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…

Foreign investment jumps 29 per cent to $248 billion last year

Victoria has emerged as the focus for overseas buyers of Australian homes, attracting 44 per cent of residential purchases by foreign investors last financial year. NSW, with 32 per cent of residential home purchases, was the second most popular state for an inflow of foreign property investment, according to the Foreign Investment Review Board’s 2015-16…

Chinese bank ‘Australian training money’ used as genuine $100 notes in Darwin

Fake Australian $100 notes supposed to be used to train Chinese bank tellers have made their way to Darwin where people are using them illegally. Northern Territory Police have warned people to look for the notes, which are marked with Chinese characters that reportedly translate as “Training Money. SAMPLE. Only for practice. Circulation Forbidden”. The…