Backing students to develop skills in agriculture
Secondary schools across Victoria will receive funding to help students gain the skills they need for a career in agriculture, thanks to the Andrews Labor Government. Minister for Education Natalie Hutchins today visited Velisha National Farms in Werribee South to announce grants will be awarded to 43 school projects that boost student pathways into the…
International civil aviation transport continues to recover
China continued its recovery momentum in the number of international air trips and volume of mail and cargo in the third quarter (Q3) of 2022, the country’s civil aviation authority said Wednesday. In Q3, the volume of international passenger trips surged 73.3 percent from Q2 to 537,000, a year-on-year increase of 36.3 percent, said Wu…
ASIC acts against greenwashing by energy company
ASIC has taken its first action for ‘greenwashing’ against listed energy company Tlou Energy Limited (Tlou). Tlou has paid a total of $53,280 to comply with four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related statements made to the Australian Securities Exchange (ASX) in October 2021. ASIC has highlighted greenwashing…
CommSec morning report Thursday 27 October
The Bank of Canada hiked its benchmark policy rate by 50 basis points to 3.75%, less than the 75 basis point move expected by markets. Rates are up 350 basis points since March. In US economic data, new home sales fell by 10.9% to a 603,000 annual rate in September (survey: 580,000). The goods trade…
Evening markets report Wednesday 26 October
The Aussie market erased some of its early gains following the release of hotter-than-expected inflation data, but still lifted for the third straight day, after the ASX 200 rose by 0.18 per cent or 12.3 points to 6810.9. Eight sectors and 69 per cent of stocks in the ASX 200 gained ground. The mining sector…
China to levy consumption tax on e-cigarettes
China will levy a consumption tax on electronic cigarettes (e-cigarettes) from Nov. 1, 2022, the country’s Ministry of Finance announced Tuesday. The tax rate for the production and import of e-cigarettes is set at 36 percent, while that for wholesale business is 11 percent, the ministry said in a statement jointly released with the General…
75 new eco-friendly social homes created
Construction has kicked off at Cowper Street, Glebe with a new social housing development that is transforming 19 aged dwellings into a modern complex of 75 new inner-city apartments and terrace houses. Minister for Planning and Minister for Homes Anthony Roberts said demolition of the former site was completed earlier this year, with the NSW…
ACCC receives additional responsibilities in budget
The ACCC has welcomed the Federal Government’s announcement of new work for the ACCC in scams, childcare, water trading and an extension of the ACCC’s gas inquiry role. “We look forward to delivering on these new responsibilities, as well as our ongoing work to promote competition and fairer markets for consumers and small businesses,” ACCC…
Federal Mini-Budget 2022/23: Sharemarket winners and losers
Restrained government spending, rising interest rates, soaring inflation and slowing economic growth all present near-term challenges to Aussie shares. Shares, however, could provide investors with reasonable investment returns over the medium-to-longer term as valuations have improved due to the sell-off in risk assets in 2022. Inflationary pressures are expected to ease over the next six…
Gov working to keep supply chains moving
The Andrews Labor Government is working side by side with industry and freight operators to ensure essential supply chains can continue to operate through areas of the state impacted by floods. Minister for Ports and Freight Melissa Horne said the Labor Government was prioritising relief and recovery, collaborating with the Australian Defence Force to assist…
