Big business wants federal Labor to review settings for overseas capital, including in renewables projects, amid warnings of a foreign investment drought.
Already a subscriber?Australia needs a comprehensive strategic reset on foreign investment, the big business lobby has told the Albanese government, amid warnings the country’s growth and competitiveness are slipping against similar economies overseas.
is expected to call for a renewed focus on foreign investment and competitiveness at The Australian Financial Review Business Summit, which kicks off on Monday in Sydney.A review of FIRB took place in 2021, but a broader look at foreign investment settings and their contribution to the Australian economy has not been considered for decades.
His report called for a new business investment strategy, and proposed targets for five sectors of growth, including in green industries, advanced manufacturing, digital innovation, creative industries and life sciences.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shadow Immigration Minister Calls on Prime Minister to Address Asylum Seeker ArrivalsShadow immigration minister Dan Tehan has called on Prime Minister Anthony Albanese to "step up and lead" on asylum seeker arrivals, as evidence emerges suggesting people smugglers are adapting their approach to avoid detection.
Read more »
Australian Prime Minister Could Get Married While in OfficeJodie Haydon's decision to say "yes" to Anthony Albanese on Wednesday evening at The Lodge means that for the first time in Australian history, a prime minister could get married while in office.
Read more »
Prime Minister's Confidence Dwindles Amid Damning HeadlinesThe Prime Minister’s “cocky strut” has all but vanished after confronting another week of damning headlines over the detainee saga, according to Sky News host Peta Credlin.
Read more »
Australia's Prime Minister Promotes Renewable Energy in NewcastleAnthony Albanese, the Prime Minister of Australia, visited Newcastle to emphasize the country's potential as a renewable energy superpower and the government's role in supporting this transition. Newcastle, historically known for coal mining and steel making, has the opportunity to embrace renewable energy and move beyond extraction industries.
Read more »
Speculation over early election as Prime Minister's office text messages leakedSky News host Peta Credlin claims not even the Prime Minister knows when the next election will be as rumours circle an early election could be called this year. Text messages between Anthony Albanese’s top advisor, Tim Gartrell, to all the staff in the Prime Minister’s office were leaked on Tuesday.
Read more »
Sky News Host Accuses Prime Minister of Mishandling Palestinian VisasSky News host Peta Credlin accuses Prime Minister Anthony Albanese of mishandling Palestinian visas, following revelations that over 2,000 people with Palestinian Authority travel documents have been granted Australian visas in a short period of time.
Read more »