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Tag Archives: In Australia

China increases investment in Australia; spends on roads, bridges, other infrastructure

CANBERRA: Chinese investment in Australia has moved to the real estate market and infrastructure. It is yet another sign that Australia’s once strong mining industry is weakening, as Chinese businesses look for new places to invest. For the first time, almost half of all Chinese investment in Australia is in real estate. Spending on roads, bridges and other infrastructure has ... Read More »

Singapore’s DBS Bank gets approval to operate in Australia

CANBERRA: South-east Asia’s largest bank, Singapore’s DBS Bank, has received approval from the Australian Prudential Regulatory Authority to operate in Australia. The latest foreign bank to join the Australian banking industry has been approved with an institutional license and its first branch in Sydney will open in late June. Our keen interest to establish an Australia presence is driven by increasing ... Read More »

Reserve Bank keeps official cash rate at 2% in Australia

CANBERRA: The Reserve Bank has left its official cash rate unchanged at a record low after its monthly board meeting today, as widely expected by economists and traders. In its statement released at 2:30pm (AEST) today, the RBA said it had elected to keep the official cash rate at 2 per cent. “Having eased monetary policy last month, the board today ... Read More »

Reserve Bank keeps official cash rate at 2% in Australia

CANBERRA: The Reserve Bank has left its official cash rate unchanged at a record low after its monthly board meeting today, as widely expected by economists and traders. In its statement released at 2:30pm (AEST) today, the RBA said it had elected to keep the official cash rate at 2 per cent. “Having eased monetary policy last month, the board today ... Read More »

Deka Oil level control regulators and alarms now available in Australia

CANBERRA: Deka Oil level control regulators and alarms are now available in Australia from Sky Refrigeration. Designed and manufactured in Germany, the Deka Com 1 is in many ways an evolution of the original Australian developed Trax system. Operating on the same principle and using the same basic components, the Com 1 features an improved operational algorithm to eliminate nuisance alarms ... Read More »

Aboriginal landowners throw fresh legal challenge to Adani Group’s Carmichael coal project in Australia

CANBERRA: Australia’s aboriginal landowners have filed a federal case challenging Adani Group’s A$12.7 billion Carmichael coal mine project, adding to the woes of the Indian conglomerate that has been facing challenges in going ahead with the project. On Friday, the Wangan and Jagalingou (W&J) people, the traditional owners of the land, said they have vowed to stop the project, amounting ... Read More »

Panasonic to roll out PV battery storage systems in Australia

CANBERRA: The rapid roll-out of battery storage products into the Australian electricity market continues apace, with Japanese electronics giant Panasonic to announce its move into Australia next week. Panasonic is scheduled to announce its Australian plans with “some of” Australia’s leading energy Australian retailers on Tuesday in Sydney. It will likely include its now 6.8kWh PV-battery storage system. This follows the ... Read More »

BP streamlines local fuel units in Australia

CANBERRA: BP’s Australian unit has signed a joint venture with Sydney-based services company UGL to manage operations, capital and maintenance across its Australian terminal network. It has also struck a deal with private fuel company Lowes Petroleum to distribute BP fuel to business customers in Queensland, NSW and northeast Victoria, which with planned deals in Western Australia and Tasmania, will ... Read More »

BP streamlines local fuel units in Australia

CANBERRA: BP’s Australian unit has signed a joint venture with Sydney-based services company UGL to manage operations, capital and maintenance across its Australian terminal network. It has also struck a deal with private fuel company Lowes Petroleum to distribute BP fuel to business customers in Queensland, NSW and northeast Victoria, which with planned deals in Western Australia and Tasmania, will ... Read More »

Banks reap extra $2.1b on credit cards in Australia

CANBERRA: Banks have reaped an extra $2.1 billion in the past four years by not passing on interest rate cuts to credit card customers.Comparison website creditcardfinder.com.au says the average credit card purchase rate has remained stuck at 17 per cent since the Reserve Bank began cutting its cash rate in November 2011. If the full 2.25 percentage points worth of ... Read More »

Banks reap extra $2.1b on credit cards in Australia

CANBERRA: Banks have reaped an extra $2.1 billion in the past four years by not passing on interest rate cuts to credit card customers. Comparison website creditcardfinder.com.au says the average credit card purchase rate has remained stuck at 17 per cent since the Reserve Bank began cutting its cash rate in November 2011. If the full 2.25 percentage points worth of ... Read More »

HK man charged over ‘ice’ haul in Australia

CANBERRA: Australian police said yesterday a 66-year-old Hong Kong man has been charged with attempting to bring some 150 kilograms of crystal methamphetamine into the country.Australian Federal Police and Customs, who intercepted the shipment on arrival in Sydney, said the street value of the drugs could be up to Aus$100mn ($80.5mn). “This is a significant detection and shows the lengths ... Read More »

HK man charged over ‘ice’ haul in Australia

CANBERRA: Australian police said yesterday a 66-year-old Hong Kong man has been charged with attempting to bring some 150 kilograms of crystal methamphetamine into the country.Australian Federal Police and Customs, who intercepted the shipment on arrival in Sydney, said the street value of the drugs could be up to Aus$100mn ($80.5mn). “This is a significant detection and shows the lengths ... Read More »

MYOB takes off strongly after listing in Australia

CANBERRA: Accounting firm MYOB made a strong debut on the Australian stock exchange yesterday with shares jumping 7 per cent by mid afternoon. The Australian-based accounting firm listed on the exchange at noon, with 228 million shares, or about 40 per cent of company equity, sold as part of the float. Shares were sold at a listing price of A$3.65, ... Read More »

AGL takes on Tesla in Australia with 6kWh home battery

CANBERRA: AGL Energy Ltd., Australia’s biggest power producer, said it would debut a 6 kilowatt-hour home storage battery, challenging Tesla Motors Inc. which announced 7- and 10-kWh models. AGL’s suitcase-sized battery will use lithium-ion cells and come with extended warranties and finance plans to make it affordable, the company said in a website statement. It’ll be suitable for a family ... Read More »

Berkshire Hathaway Specialty Insurance establishes operations in Australia

CANBERRA: The license allows the company to immediately offer property, casualty, financial lines and marine cargo insurance in the country. The company has started operations in Sydney, while Chris Colahan serves as president for Australasia region. Chris said: “BHSI enters the market with financially strong capacity and a commitment to serving this market for decades to come.” Other members of ... Read More »

Berkshire Hathaway Specialty Insurance establishes operations in Australia

CANBERRA: The license allows the company to immediately offer property, casualty, financial lines and marine cargo insurance in the country. The company has started operations in Sydney, while Chris Colahan serves as president for Australasia region. Chris said: “BHSI enters the market with financially strong capacity and a commitment to serving this market for decades to come.” Other members of ... Read More »

Intestinal worms inside gut can be seen with naked eye

LONDON: Intestinal worms (or helminths) are multicellular parasites that live inside the gut. When mature, they can generally be seen with the naked eye. In developing countries with poor sanitation, the most common intestinal worms are transmitted through contaminated soil. The main culprits belong to the roundworm subgroup and include threadworm, large roundworms, whipworms and hookworms. In Australia, threadworm (or ... Read More »