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A study conducted by global management consultancy McKinsey has revealed that delays to India’s infrastructure plans could end up costing the nation $200 billion in output, and some 35 million jobs over eight years. The Indian government has forecast the need for $500 billion in infrastructure by 2012, but the McKinsey report, Building India: Accelerating [...]
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Australian Minister for Resources and Energy Martin Ferguson, says infrastructure investment is part of the Government’s response to assist energy exports. “Investing in infrastructure has the twin benefit of pumping money into the economy to see us through the global recession; and giving exporters the tools they need to export efficiently at volume,” said Ferguson, [...]
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Minister for Tourism Martin Ferguson says Australia outperforms many of our competitors despite the difficult global environment, following the latest report by the Tourism Forecasting Committee (TFC). Government policy has assisted the tourism sector, the TFC found, with Australia maintaining its international appeal despite Australia’s inbound tourist numbers predicted to decline by four percent. “Our [...]
...read moreChina’s arrest of four Rio Tinto employees, including Australian executive Stern Hu, has not dampened our exports, according to Rio Tinto and BHP Billiton, Australia’s two biggest iron ore exporters. Much of the demand for iron ore has been fed by the Chinese government’s own stimulus package, which has encouraged a number of infrastructure projects. [...]
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Much news has been generated on the performance of Australia’s commodities in the global market, but much less is mentioned about the businesses that make it all happen: the mining technology, equipment and services (MTS) sector that help those mining companies get product out of the ground and onto ships and around the world in the most efficient way possible. Mining may be underground but mining technology, equipment and services are all around. Find out how your business can benefit from Australia’s reputation as a world leader in mining innovation.
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International agencies, fearful that money to assist less-developed countries will be eroded by the global economic crisis, have urged the developed world to increase assistance through the ‘aid for trade’ process. ‘Aid for trade’ includes foreign investment into infrastructure so that developing countries can participate in global trade liberalisation. However, many projects have stalled due [...]
...read moreNSW Premier Nathan Rees last night launched the state’s 2009 Export Awards with an acknowledgement of the role export plays in the NSW economy. Citing the figure that one in five jobs are export-related, Rees said the government’s immediate focus was on saving and creating jobs and that “exports will be crucial to building a [...]
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The economically-exposed East Asian countries need to improve their port infrastructure to boost trade, according to a paper issued by World Bank researchers. Kazutomo Abe and John Wilson have authored a World Bank Policy Research Working Paper showing a distinct link between transport costs and the state of infrastructure in East Asia because those emerging [...]
...read moreThe Rapid Active & Affordable Transport Alliance (RAATA) has commended the Government for allocating $4.6 billion to public transport infrastructure. The RAATA noted that it’s the first time a Federal Government has made a significant investment in urban public transport, and believe it is “good for the environment… public health… and stimulating jobs in the [...]
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The Federal Budget has made provision for Australia’s livestock export industry and its wheat exporters to sustain and stimulate rural industry. The Live Trade Animal Welfare Partnership program will receive $3.2 million over three years – $1.6 million from the government and the rest from industry – to ensure Australia meets world’s best practice in [...]
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