28/06/2021 - 06:54

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28/06/2021 - 06:54

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Migrant recovery needed to rein in 40 years of deficits

Australia will be mired in debt and deficit for at least the next 40 years unless it boosts skilled migration, workforce participation and productivity, and embarks on budget repair, Treasurer Josh Frydenberg says. The Fin

Blasta-off for top Perth brewery

The Federal Government is throwing its support behind Perth brewery Blasta, contributing almost $1 million in funding towards its expansion as part of the Manufacturing Modernisation Fund. The West

Iron ore stokes $310b mine export boom

Australia’s exports of resources and energy are set to crash through the $300 billion mark for the first time this financial year, buoyed by high prices for iron ore, which is expected to account for almost half of the total. The Fin

Sydney lockdown fears ricochet around nation

Australia faces a growing coronavirus crisis as Sydney’s two-week lockdown and a hotel quarantine breach in Brisbane sparked a wave of new restrictions across the country. The Fin

Joyce dumps mining from cabinet

Resurrected Nationals leader Barnaby Joyce punished his enemies and rewarded his backers in a reshuffle that puts three new faces in cabinet and demotes the interests of mining, the nation’s largest export sector. The Fin

Report reveals tourism guru’s controversial plan

WA should stop advertising white beaches and whale sharks and start advertising “emptiness” and “self-deprecation”, according to a buried branding report that cost Tourism WA $360,000. The West

Sale of training aircraft to fund creditors of bankrupt college

Creditors of a Chinese-owned flight school which was put into liquidation last year can expect their first payout within the next three months, after the sale of a slew of equipment including dozens of trainer aircraft. The West

Evil ends: China’s chilling warning on risks of man-made viruses

The Chinese government admitted research to create man-made viruses posed “a huge latent threat to mankind” – and said “accidental mistakes in biotech laboratories can place mankind in great danger” – in terrifying warnings contained in Beijing’s own declaration to a UN meeting under the Biological Weapons Convention. The Aus

Optus telco tower sale hots up as bidder looks to buy rivals

The sales process for the $2bn portfolio of Australian telecoms towers owned by Optus has taken an interesting turn, with at least one of the suitors said to have approached competitors to sound out their willingness to sell their businesses as well. The Aus

$8m Aquirian float is hot

Perth-based Aquirian is the latest mining services company to seek an ASX listing as investor appetite in the sector remains red-hot. The West

 

 

The Australian Financial Review

Page 1: Australia faces a growing coronavirus crisis as Sydney’s two-week lockdown and a hotel quarantine breach in Brisbane sparked a wave of new restrictions across the country.

Australia will be mired in debt and deficit for at least the next 40 years unless it boosts skilled migration, workforce participation and productivity, and embarks on budget repair, Treasurer Josh Frydenberg says.

Page 3: Resurrected Nationals leader Barnaby Joyce punished his enemies and rewarded his backers in a reshuffle that puts three new faces in cabinet and demotes the interests of mining, the nation’s largest export sector.

Page 9: NSW Premier Gladys Berejiklian expects demand for COVID-19 vaccinations to rise, but many people will be forced to wait because of limited supply.

Australia’s COVID-19 vaccination rates remain well below levels at which large sections of the community would support easing border restrictions, with new research showing 75 per cent want overseas travel to resume for the fully vaccinated.

Page 11: A former Chinese diplomat who defected to Australia has warned that China’s Communist Party is intent on bolstering its influence in Australia and around the world, and that Xi Jinping’s next move will be to take over Taiwan.

Page 14: Fixing shortcomings in Australia’s primary incentive scheme for research and development and shifting innovation policy towards collaboration would unlock the potential inside research institutions, a new white paper has found.

Page 15: PEXA could face an uphill slog to crack the $720 million British conveyancing market, experts have warned, citing an industry that has so far proved impervious to reform, plus a plethora of proptech players and a government in no hurry to crack the whip.

Page 17: Gen Z personal finance influencers embraced ASIC’s crackdown on unlicensed investment advice, saying they are happy for people who create misinformed or dangerous content on social media to be weeded out.

Page 18: Australia’s exports of resources and energy are set to crash through the $300 billion mark for the first time this financial year, buoyed by high prices for iron ore, which is expected to account for almost half of the total.

 

 

The Australian

Page 1: The Chinese government admitted research to create man-made viruses posed “a huge latent threat to mankind” – and said “accidental mistakes in biotech laboratories can place mankind in great danger” – in terrifying warnings contained in Beijing’s own declaration to a UN meeting under the Biological Weapons Convention.

Australia’s fertility rate is expected to fall dramatically over the next 40 years leading to a long-term population problem without a return to strong migration, while the nation’s finances are expected to remain in the red for decades to come as the country struggles to recover from the “profound” and long-term impacts of Covid-19.

Page 2: Naval shipbuilders have warned the nation’s future submarine and frigate programs are at risk from a shortage of engineers and IT specialists, as Defence competes with the resurgent infrastructure and mining sectors for the same limited skilled labour pool.

Page 2: China’s need for protein has triumphed over initial threats to Australia’s lamb trade, with exports to the Middle Kingdom at near-record levels, helping to reverse a 30-year decline in the nation’s sheep flock.

Page 13: Westpac is poised to rule off separate sale processes for its Australian and New Zealand life insurance units, which may see the bank pull the trigger on concurrent deals in coming weeks.

Page 14: The sales process for the $2bn portfolio of Australian telecoms towers owned by Optus has taken an interesting turn, with at least one of the suitors said to have approached competitors to sound out their willingness to sell their businesses as well.

Page 16: Technology-based non-fungible tokens are finding a new path in the arts world, protecting music or other creations which increasingly face digital copyright infringements.

Page 17: The ABC’s managing director David Anderson says trust and reputation can be “lost in a heartbeat” and ensuring it remains intact is critical to the public broadcaster’s future.

 

 

The West Australian

Page 3: Thousands of regional kids have been left disappointed after the recent COVID-19 case in Perth caused the cancellation of WA’s biggest country sports competition.

Page 4: Sydney’s border-busting COVID-19 cluster reached Perth yesterday — forcing our city back under strict restrictions for at least three days, and intensifying questions as to why NSW Premier Gladys Berejiklian didn’t lock down sooner.

Page 9: Labor has made gains in both the primary vote and the two-party preferred vote amid question marks over the Coalition’s vaccination rollout.

Page 10: Perth needs a new theme park, according to the city’s Federal Member Patrick Gorman.

WA should stop advertising white beaches and whale sharks and start advertising “emptiness” and “self-deprecation”, according to a buried branding report that cost Tourism WA $360,000.

Page 16: As few as 17 WA doctors and nurses have begun the necessary training to help terminally ill people end their lives, five days ahead of new laws coming into effect.

Business: Export revenue from Australia’s booming resources sector is set to hit a record $310 billion this financial year, underpinned by a surge in commodity prices as the world recovers from the COVID-19 pandemic.

The Federal Government is throwing its support behind Perth brewery Blasta, contributing almost $1 million in funding towards its expansion as part of the Manufacturing Modernisation Fund.

Perth-based Aquirian is the latest mining services company to seek an ASX listing as investor appetite in the sector remains red-hot.

Creditors of a Chinese-owned flight school which was put into liquidation last year can expect their first payout within the next three months, after the sale of a slew of equipment including dozens of trainer aircraft.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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