Despite the Australian economy responding positively to the COVID-19 pandemic and experiencing a V-shaped recovery, the report suggests that there is an urgency to rebuild economic competitiveness through increasing digitisation and reducing tax burdens.
The fast-moving consumer goods giant plans to expand its oleochemical factory, which can hire 600 new workers directly and potentially create 6,000 new jobs “indirectly”, Arif Hudaya, finance director at PT Unilever Indonesia, said in a statement.
The GBA Outline Development Plan emphasizes the need to continue to build a first-class business environment which is stable, fair, transparent, and predictable. The challenge is not only to encourage advancements to the business environment, but also to coordinate these efforts between three different legal systems, economic structures, and currencies.
“It’s important we work together with government and industry to ensure that we have a true partnership in terms of cutting red tape, finding investment opportunities in common user infrastructure and making sure the supply chain is ready for those junior miners coming through.
“The drought, the bushfires, the extreme weather events have really highlighted the importance of taking those shocks and stresses into our decision making right at the planning phase,” Ms Madew said.
The resilience of regional and rural communities is the hallmark of the Australian spirit and the bedrock on which our economic recovery is being built. More than 9.5 million Australians call regional Australia home. And when we look at what has helped drive our bounce back it is the resources sector, the agricultural sector and tourism in regional and rural Australia.
“If we don’t get it right we’re not going to go anywhere, because regional Australia is actually the engine that drives the broader economy,” he said.
Productivity Commission chair Michael Brennan has urged the federal government not to abandon decades of fiscal restraint, warning the country at large is at risk of becoming too complacent around the generational costs of “ever-expanding debt and deficit”.
In a speech on Wednesday to CEDA, present PC boss Michael Brennan noted that “in Australia, the decade since 2010 – even excluding last year – has seen our slowest growth in GDP per capita of any decade in at least 60 years”.
People in NSW could pocket an extra $2000 a year and enjoy a better quality of life if the Berejiklian government agrees to remove a raft of regulatory roadblocks that are hampering growth in key sectors such as education, infrastructure and housing, a report has found.
It was revealed recently that when Washington first discussed the marine rotation in northern Australia, it proposed an annual rotation of 5000 marines; in effect, a Marine Amphibious Task Group. Instead, Australia began with extreme caution at a couple of hundred marines, building up slowly to 2000 a year.
Yet such US deployments make a huge, positive contribution to our own security.
“Whereas if you look at our efforts, I think the US and Australia share a view that vaccines should be aggressively distributed to the places that are most in need.”
‘’Any change … would be in full consultation with the Australian government’