File photo. Photo: 123rf The Climate Venture Capital Fund is finding plenty of investment opportunities on both sides of the Tasman, with nearly $2.5 million invested in its first full year of operations. The fund was focused on investment in early-state New Zealand and Australian companies that deliver high climate impacts, alongside high growth and...
Category: Bussiness
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$4b-plus GPG Australia appoints Morgan Stanley ahead of 2024 sale
The company recorded energy sales of $100.7 million in the 12 months to December 31, but revenues of $52.2 million due to a loss on power purchase agreements it had already signed. In all, it was an $11.3 million operating loss for the year, with a massive hit on derivatives hedges sending GPG Australia to...
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Australia plans to halve migrant intake, tighten student visa rules
SYDNEY: Australia on Monday said it would tighten visa rules for international students and low-skilled workers that could halve its migrant intake over the next two years as the government looks to overhaul what it said was a “broken” migration system. Under the new policies, international students would need to secure higher ratings on English...
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Chemist Warehouse may be a discount pharmacy, but it’s agreed to a merger worth $8.8 billion
After months of speculation and years of offers that have fallen flat, the discount pharmaceutical juggernaut that is Chemist Warehouse has struck a deal with Sigma Healthcare to create the biggest pharmacy company in Australia. From its humble beginnings in Melbourne in 1972 before rebranding to Chemist Warehouse in 2000, the pharmacy franchise has gone...
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Much-loved lolly manufacturer Smyth’s Confectionery to close its factory after more than 100 years in business
By Max Aitchison For Daily Mail Australia Published: 05:09 GMT, 11 December 2023 | Updated: 05:20 GMT, 11 December 2023 A much-loved lolly manufacturer is closing its factory doors after more than 100 years in business. Smyth’s Confectionery, which has a factory in Adelaide, South Australia, will shut its doors in June next year. The...
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Australia plans to halve migrant intake, tighten student visa rules
Under the new policies, international students would need to secure higher ratings on English tests and there would be more scrutiny on a student’s second visa application Reuters 11 December, 2023, 10:00 am Last modified: 11 December, 2023, 10:00 am People cross a street in the city centre following further easing of coronavirus disease (COVID-19)...
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Australia to curb migration as Albanese faces voter backlash
With 2024 set to be a critical year for his government, as national elections loom, Albanese’s centre-left Labour government revealed its long-awaited Migration Strategy. The policy will aim to reduce net migration from more than 510,000 in the year ending June 2023 — the population of the Australian state of Tasmania — down to about...
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Business fares ex-Australia forecast to fall more than ROW
A new major study has predicted economy and business fares to flatten next year, with only some key routes expected to see modest price rises and others forecast to fall. According to American Express Global Business Travel’s (Amex GBT) new Air Monitor 2024 report, among the prices predicted to fall next year are business class...
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Spinner Abrar ruled out of first Test match against Australia
LAHORE: Abrar Ahmed has been ruled out of the first Test match against Australia starting in Perth from 14th December. During the first-class game against the Prime Minister XI, Abrar left the field of play due to severe pain in his right leg around his knee. During an assessment by the medical team, a provisional...
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Four ways the Australia’s new migration strategy could affect your business or startup
Employers can expect to pay higher wages when recruiting talent from overseas, and new rules will crack down on “non-genuine” students and their dodgy education providers, under a long-awaited reset of Australia’s temporary migration regime. Home Affairs Minister Clare O’Neil will today hand down the government’s new, 100-page immigration strategy, following a major review that...
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Qantas business to economy seat man reveals update
Melbourne man Jameel Rehman was on a flight from Sydney to Honolulu with his mum when, shortly before takeoff, he had to move because his seat was broken. It was the first time either of them had travelled business class. He documented the change in a now-viral TikTok where he has since revealed the deeper...
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Exclusive: Love Island’s Anna McEvoy on her ‘shocking’ health battle
Love Island Australia star Anna McEvoy has had a mammoth year to say the least. Not only is she planning her wedding with partner Michael Staples, but the couple also launched a new business from scratch while she faced an unexpected health battle that left her hospitalised on a number of occasions. Speaking exclusively to...