Australia’s $230bn infrastructure pipeline, the energy transition and plans to build 1.2m new homes are under threat from a shortfall of 229,000 workers, Infrastructure Australia has warned. Infrastructure Australia’s chief executive, Adam Copp, has called on the government “to urgently boost the pipeline of workers into the sector” while releasing its market capacity report, the...
Category: Infra
Post
Post
Massive workforce shortage threatens hundreds of billions of dollars in infrastructure investment
A new report from the nation’s infrastructure advisory agency is warning of massive workforce shortages, jeopardising hundreds of billions of dollars in infrastructure, housing and energy projects across the country. Key points: Infrastructure Australia is warning about a shortage of construction materials Chief executive Adam Copp says there are not enough workers or materials to...
Post
Next step for empowered Infrastructure Australia
The Australian Government has delivered on its election commitment to restore Infrastructure Australia (IA) as the Commonwealth’s adviser on major infrastructure investment, with the Infrastructure Australia Amendment (Independent Review) Bill 2023 now having passed both Houses of Parliament. IA is an independent statutory body that was created under the previous Labor Government to provide expert...
Post
Australians’ reliance on digital services in spotlight after port, phone network, bank disruptions
First, Optus’ mobile network goes down for 14 hours in a nationwide outage. Days later, DP World is hacked and its port operations grind to a halt for days, leaving shipping containers piling up. Weeks after that, Westpac customers were left unable to view or access their online accounts for 9 hours after a botched software update. These...
Post
Australians’ reliance on digital services in spotlight after port, phone network, bank disruptions
First, Optus’ mobile network goes down for 14 hours in a nationwide outage. Days later, DP World is hacked and its port operations grind to a halt for days, leaving shipping containers piling up. Weeks after that, Westpac customers were left unable to view or access their online accounts for 9 hours after a botched software update. These...
Post
Skilled worker shortage makes recruiting for boom times a challenge
“The rise in [skilled worker] shortages reflects the cumulative impacts of recruitment challenges, stemming from a persistently tight labour market which began tightening from late 2021.” — The federal government’s 2023 Skills Priority List For a business that has only been around for three years, the picture is one of extraordinary growth which looks set...
Post
Why it’s time to rediscover unloved assets
“The next phase will involve inflation at a little higher than we’re used to and what that means is the whole investment landscape is a lot broader,” Haslem says. “It’s not only about equities. You can get really good investments in fixed income, whether that’s a term deposit at 5 per cent or government bonds...
Post
Australia, Norway latest to pledge an end to overseas public fossil fuel finance
Our privacy commitments This Privacy Policy outlines the information we may collect about you in relation to your use of our websites, events, related publications and services (“personal data”) and how we may use that personal data. It also outlines the methods by which we and our service providers may (subject to necessary consents) monitor...
Post
Australian pension funds go global in search of assets | Alternatives | AsianInvestor
Although the largest global national pension funds still belong to Japan, Norway, and South Korea, no other nation in the world has even come close to matching the growth rate of Australia’s pension system which has expanded by over 630% from 2002 to 2022. This growth of the superannuation industry is quickly exceeding its local...
Post
Meranti’s bid to become green steel leader
Singapore-based Meranti Green Steel (MGS) has taken a further step towards becoming one of Southeast Asia’s future leaders in green steel. As the company builds upon its plans to set up green steel production in Thailand, it has now announced a co-operation with Green Steel of WA (GSWA) to jointly develop a pelletizing, direct reduction,...
Post
Hashlock Acquires StealthTest to Bolster Web3 Developer Infrastructure
CHICAGO, Dec. 5, 2023 /PRNewswire/ — Hashlock, a leading blockchain security and smart contract auditing firm based in Australia, proudly announces its acquisition of StealthTest, an API-based Web3 developer platform and tool set featuring private test networks. Areta (formerly web3 Studios), a global investment banking firm for the Web3 and digital asset economy, acted as the...
Post
Mubadala invests in Zenobē reinforcing commitment to sustainable infrastructure
Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has announced its investment in Zenobē, a global player in fleet electrification and battery storage solutions. This strategic investment by Mubadala was executed with Infracapital, the infrastructure equity investment arm of M&G Plc, where Mubadala is a strategic limited partner. Founded in 2017 and headquartered in...