ACCC consults on Sika’s proposed divestiture undertaking
The ACCC is seeking views on a proposed court-enforceable divestiture undertaking offered by Sika in relation to its proposed acquisition of MBCC Group. Sika and MBCC Group supply construction chemicals and materials including chemical admixtures, fibres and concrete works. Chemical admixtures are an essential component in the production of concrete and cement, used to chemically…
Record Year For Energy Bill Busting Solar Hot Water
The Andrews Labor Government’s $1.3 billion Solar Homes Program is helping a record number of Victorians save on their energy bills by replacing ageing household water heaters with solar-powered hot water or an energy efficient heat pump. The number of Victorians who claimed the $1000 rebate to replace their hot water systems with solar hot…
Boosting Tech Central’s R&D infrastructure
A high-tech multi-use facility that provides critical infrastructure to the artificial intelligence, medtech, space, and robotics sectors is among four projects set to share in $8 million, as part of the NSW Government’s Tech Central Research and Innovation Infrastructure Fund. Minister for Science, Innovation and Technology Alister Henskens said the successful projects will provide specialised…
Nurses and midwives receive fast-tracked payments
One-off cost of living payment delivered to public sector nurses and midwives today More than 18,500 nurses and midwives receive fast-tracked payment of up to $3,000 Wage increases ranging from 3 per cent to 4.5 per cent with back payment to come Recognises valuable work of public sector nurses and midwives Public sector nurses and…
Support for WA rare earths project
The Australian Government’s Northern Australia Infrastructure Facility (NAIF) will increase support to the Yangibana Rare Earths Project in Western Australia’s Gascoyne Region. The NAIF, a key funding pillar driving the Australian Government’s Northern Australia agenda, will provide a $220 million loan to Hastings Technology Metals Ltd to help fund the construction of a rare earths…
CommSec morning report 20 January 2023
In US economic data, initial jobless claims fell 15,000 to 190,000 last week (survey: 214,000). The Philadelphia Fed manufacturing index rose from -13.7 to -8.9 in January (survey: – 11). Housing starts fell 1.4% in December to a 1.38 million annualised rate (survey: 1.36m). Building permits dropped 1.6% in December to a 1.33 million annualised…
Evening markets report 19 January 2023
The Australian share market shrugged off a weaker session on Wall Street to finish higher on Thursday. Data showing a fall in Aussie jobs in December raised hopes that the rate hiking cycle may be nearing a peak. The S&P/ASX 200 index rose by 42 points or 0.6 per cent. In overseas markets on Wednesday,…
$2 million paves the way for cattle underpass scheme
The NSW Liberal and Nationals Government has committed a further $2 million to help keep dairy farmers and their livestock safe when crossing busy roadways. Minister for Regional Transport and Roads Sam Farraway said the NSW Liberal and Nationals Government made the decision to extend the scheme following positive feedback from dairy farmers after the…
Int’l investors turn upbeat on outlook of Chinese capital market
A number of international investment firms or strategists have recently become more upbeat about the prospects of the Chinese capital market given China’s optimization of COVID-19 response and more favorable economic policies. China’s recent COVID-19 response improves the investment outlook, said a recent report by UBS Global Wealth Management. “A full reopening is likely to…
Propelling Australian electric planes
Minister for Industry and Science Ed Husic has today announced $44 million in grants for Australian companies to support 19 collaborative research projects. These grants have been made under Round 13 of the Australian Government’s Cooperative Research Centres Projects (CRC-P) program. Cooperative Research Centres Projects support companies working to commercialise cutting-edge ideas in collaboration with…
