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Tiger plans to increase seats

January 4th, 2012

AUBJ — January 4 — Tiger Airways Australia has announced plans to add 380,000 seats to its existing route network between March and October. Vanessa Regan, a spokeswoman for the airline, said it would add to its schedule in order meet increasing demand on its existing routes. “We are talk... Read More

Shares rise on first day of trading following tough 2011

January 3rd, 2012

AUBJ — January 3 — Australian shares sank more than European stocks in 2011, as the benchmark S&P/ASX 200 posted its first consecutive annual decline in its 20-year history. Local investor confidence slumped as the market closed 14.7 per cent lower for the year — greater than the 11 per c... Read More

Brit boost to travel sector

January 3rd, 2012

AUBJ — January 3 — Australia has seen resurgent interest from British travellers as tourists from the UK continue to look Down Under following a series of successful marketing campaigns. According to price comparison site Skyscanner, flight searches to Australia were up 24.9 per cent in 2011, w... Read More

Mining sector faces tough 2012, claims annual report

January 3rd, 2012

AUBJ — January 3 — The Australian mining industry is facing an unprecedented level of challenges over the next twelve months, according to an annual report into global trends in mining and resources. Deloitte’s Tracking the Trends report has identified ten issues and challenges facing the glob... Read More

Telstra dampens Christmas spirit for mobile market

December 22nd, 2011

AUBJ — December 22 — Mobile telephone operator Optus is cashing a far lower income than previous festive seasons, as the aggressive pricing strategy from Telstra continues to take a toll on the mobile marketplace. “The trends for Christmas used to be seen up to six weeks out,” said Optus ma... Read More

‘No’ to mining at Margaret

December 21st, 2011

AUBJ — December 21 — The West Australian government has rejected proposals to develop a black coal operation in the famous Margaret River wine-making region. Bill Marmion, Environment Minister for the state, made the announcement after recommendations from the Environmental Protection Authority... Read More

Australians across the pond

December 21st, 2011

AUBJ — December 21 — The number of Australian visitors to New Zealand in November has increased by 7.6 per cent in when compared to figures from the same month last year. This November, 91,056 Australians visited New Zealand according to figures from Tourism New Zealand, and across the year the... Read More

Gloucester and Yanzhou Coal-ition

December 20th, 2011

AUBJ — December 20 — China’s fourth-biggest producer, Yanzhou Coal Mining Co. has announced plans to buy Australia’s Gloucester Coal Ltd. for as much as $2 billion, in what would be its second-largest acquisition. Gloucester Coal has a market value of A$1.4 billion and a successful sale to Y... Read More

Electrical storm

December 20th, 2011

AUBJ — December 20 — Electricity companies across Australia are infuriating their customers as prices take off and service standards fall flat. The utilities regulator for Victoria is to investigate whether privately-owned gas and power retailers are likely to face tighter regulations and harshe... Read More

Iron ore leads export income from commodities

December 19th, 2011

AUBJ — December 19 — The price of iron ore will continue to rise, fuelling the Australian resources boom for at least another year, according to the Bureau of Resources and Energy Economics. The federal government’s chief commodities forecaster that the export earnings from energy and minerals... Read More

NZ business confidence slips despite encouraging outlook

December 19th, 2011

AUBJ — December 19 — Business confidence in New Zealand slipped in December, despite a rise in profit expectations, according to figures released by National Bank of New Zealand (NBNZ). The financial institution’s Business Outlook survey, found that New Zealand’s economy was in relativ... Read More

Austral cancels Aus link

December 16th, 2011

AUBJ — December 16 — Air Austral has announced plans to axe services to three desitnations, including Sydney, following a review of its long haul operations. Flights to Australia’s largest city, as well as flights to Noumea and Bangkok will stop in March, with the French airline citing rising ... Read More

Cardia bags Chinese bag contract

December 16th, 2011

AUBJ — December 16 — Australian bioplastics company Cardia has won a A$260,000 contract to supply ‘green’ household kitchen waste bags to homes in the Nanjing area. Cardia will produce the renewable Biohybrid bags at its Nanjing facility, for the six-month trial contract with the Nanjing Go... Read More

More woe for Qantas as Virgin customer satisfaction catches up

December 15th, 2011

AUBJ — December 15 — Virgin Australia has closed the gap on Qantas for domestic airline satisfaction according to a report from Roy Morgan. Figures for the October 2011 quarter showed domestic customer satisfaction for Qantas has falling to 84 per cent from a its high point of 86 per cent in Jun... Read More

Farming on the up, government report states

December 15th, 2011

AUBJ — December 15 — Australian farming exports have been predicted to increase by 6 per cent this financial year, according to a forecast from the government. Despite the world economic crisis effect on the global agricultural industry, a commodities report from the Australian Bureau of Agricul... Read More

Manufacturing firms face New Year staff cuts

December 14th, 2011

AUBJ — December 14 — Australia’s manufacturing sector will see more jobs cuts in the first quarter of 2012, according to new research by ManpowerGroup. The Manpower Employment Outlook Survey showed the manufacturing industry as having the weakest hiring expectations in the country, with 14 per... Read More