December 2024
‘Darn sensible’ Labor states outcompete Victoria, says top Liberal
Shadow treasurer Brad Rowswell has been in Britain looking at how the state might get in on the AUKUS action, and ruing the salesmanship of rivals NSW and SA.
- Hans van Leeuwen
- Exclusive
- Australian economy
Australia is now an economic ‘problem child’: McKinsey
Business investment is at recession levels as the country’s productivity growth slumps to 30th out of 35 rich countries, says a new report.
- John Kehoe and Michael Read
May 2024
Guzman y Gomez co-founder quits board as it pursues IPO
The Mexican-themed chain has recently lured new investors at a $1.73 billion valuation and is backed by TDM Growth Partners and Barrenjoey Capital Partners.
- Primrose Riordan
Budget tips business investment to slow
The recovery in business investment is tipped to slow markedly in federal budget forecasts, as a cooling economy forces firms to reassess capital expenditure plans.
- John Kehoe and Michael Read
March 2024
Slowing tech investment complicates Chalmers’ growth goal
The contribution of IT equipment to capital input has fallen sharply in recent decades, which economists warn could undermine long-term economic growth.
- Updated
- Ronald Mizen
- Opinion
- Private equity
Biden just prolonged the private equity jam
The dearth of deals has left buyout funds sitting on 28,000 unsold companies worth a record $US3.2 trillion ($4.8 trillion).
- Karen Maley
Chalmers gets a face-to-face with his favourite economist
Economist Mariana Mazzucato is on a week-long tour of Australia touting the benefits of a “mission economy” – or how to do industrial policy differently.
- Hans van Leeuwen
February 2024
GDP growth fears firm on tepid business spending figures
Treasurer Jim Chalmers foreshadowed on Thursday morning that the December quarter GDP growth figure was likely to be “quite weak”.
- Michael Read
How the new $15b fund boss will revive manufacturing
Former Macquarie Group executive Ivan Power is the boss of the NRF, a key plank of the Albanese government’s agenda to revive manufacturing.
- Andrew Tillett
January 2024
- Exclusive
- Australian economy
Chalmers plans to modernise Future Fund
Although the Treasurer is a supporter of the Future Fund’s objectives, he wants to use its vacancies as an opportunity to refresh the nearly 18-year-old institution.
- Ronald Mizen
- Opinion
- Opinion
Australia needs banks to invest in businesses, not houses
This country doesn’t need more luck to drive productivity, it needs strategies to help finance SMEs, and to make better use of existing energy infrastructure.
- Stephen Anthony
December 2023
Big capital comes to Canberra. See the full list here
Big bank CEOs, super fund bosses and venture capital executives are at Parliament House to hear Treasurer Jim Chalmers’ push for them to invest in national priorities.
- Ronald Mizen
Chalmers, Plibersek aim private capital at government priorities
The treasurer and environment minister are both reaching deep into the business community to urge investment into key policy areas.
- Ronald Mizen
November 2023
Reviving dud industries will make us poorer: RBA’s Harper
Reserve Bank board member Ian Harper has warned that government efforts to ‘reshore’ production will lead to lower living standards.
- Michael Read
NSW faces $2b hole on roads as states fight infrastructure cuts
Federal Transport Minister Catherine King faces a tough fight from state premiers as a raft of infrastructure projects stand in line for cuts
- Samantha Hutchinson, Mark Ludlow, Tom Rabe and Gus McCubbing
Treasury aims to regulate sustainable-investment product labelling
The recommendation is one of several outlined in a strategy paper, which also flags higher disclosure requirements for super funds.
- James Eyers
October 2023
- Exclusive
- Energy & Climate Summit
‘Go hard, be brave’, says $15b green bank boss
National Reconstruction Fund chairman Martijn Wilder said Australia needs a WWII-style “Marshall Plan” to decarbonise the economy fast.
- Ben Potter
Signs that rate rises are crunching business investment
A sharp fall in imports of items such as industrial equipment and high-tech machinery could signal that businesses are finally scaling back investment.
- Michael Read
Future Fund to reveal how it invests its $250b
The Future Fund board will be required to publish details of its shareholdings, investments in properties and infrastructure, along with its cash holdings by financial institution.
- Ronald Mizen
July 2023
Meet Mariana Mazzucato, the economist influencing the treasurer
The fast-talking, globe-trotting professor wants politicians and bureaucrats to reimagine their role in the economy.
- Hans van Leeuwen